Annual reportSep 2026
Sep 2026 · Letter To Shareholders 29 Aug - Aksharchem schedules 37th AGM on September 22, 2026; FY26 annual report shared and ₹0.50 dividend recommended.
Source: Bse
AksharChem India Limited (AKSHARCHEM)
Small CapIndustrials stocks · Small cap · NSE
AksharChem India Limited operates in Dyes & Pigments, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹394
-20.70 · -4.99%
Market cap ₹333.1 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result19 Oct, 05:37 pm IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
61Bullishfull bull SMA stack · MACD +
Stock trend: 72
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
AKSHARCHEMD candles · FIT view+96.7%Latest close ₹394.00 on 2026-10-21
Bar
-5.5%
RSI
52
MACD hist
0.82
52W pos
76%
2026-10-21O ₹416.90H ₹418.00L ₹394.00C ₹394.00Vol 30,721 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
AKSHARCHEMNifty India ManufacturingNifty 500
- AKSHARCHEM
- +68.3%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- +74.8 pp
Chart stats
21 Oct 2026- From 52W high
- -16.5%
- 52W range position
- 76%
- ATR (14)
- 5.4%
- Volume vs 20D
- 2.95x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹360.1 - ₹434.1
₹472
₹141.3 - ₹472
₹21.1
Latest completed session
20-session average
49.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST40
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +80.3% · PAT NDF YoY
Technical
Bullish61
Price trend and sector-relative-strength timing.
Valuation
Legacy model-157.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence77
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Good · 55/100Rev +80% YoY · margin expansion · +14% QoQ
Filed 19 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹160.5 Cr | +80.3% | +13.9% |
| EBITDA | ₹21 Cr | +948.5% | -7.3% |
| Operating margin | 13.1% | +1047 bps | -299 bps |
| PAT | ₹13.3 Cr | NDF | -12.4% |
| PAT margin | 8.3% | +942 bps | -250 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 11.59
- P/B
- 3.15
- EV/EBITDA
- 7.17
- Market Cap
- 333.13Cr
Profitability
- ROE
- 20.60%
- ROCE
- 26.90%
- ROA
- 14.84%
- Dividend Y
- 0.14%
Growth (CAGR)
- Revenue 5Y
- -8.00%
- EPS 5Y
- -8.00%
- Revenue 3Y
- 9.00%
- EPS 3Y
- 9.00%
Balance Sheet
- Debt/Equity
- 0.36
- Interest Coverage
- 14.00×
- Altman Z
- 5.64
- Book Value
- 116.00
Cash Flow
- FCF Yield
- 0.67%
- FCF Positive Y
- 2/5
- OCF
- 13.00 Cr
- EPS TTM
- 35.79
Shareholding
- Promoter Hold
- 62.70%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 68%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 188-6.0% vs prev
Net Profit
₹ CrLatest: 17.0+6.3% vs prev
Return on Equity
%Latest: 20.0-11.3% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 52. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 falling (~1.0% over last month) — short-term momentum negative.
- RSI(14) at 52 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 17% off 52W high · 179% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
94
RS percentile
Stage 2 UptrendEstablished S2
1M return
-4.1%
3M return
+68.3%
6M return
+93.1%
1Y return
+41.0%
RS 1D
0
RS 20D
0
Sector rank
#2
Industry rank
#6
Stage evidence
- Price is 48.4% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +10.9%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
11 Aug 2026
S2 age
49 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 156.02-4.11%
RS vs Nifty 500156
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation12/30
Growth0/25
Quality14/20
Balance Sheet10/15
Cash Flow2/10
Piotroski
7/9 (+5)
Penalties
-3
Raw sum
40
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
40/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 7/9.
- Quality contributes 14/20 to the score.
- Balance sheet contributes 10/15 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Fair-value margin of safety is negative at -157.8%.
- Growth is weaker at 0/25; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
11.6
PB
3.1
EV/EBITDA
7.2
ROE
20.6%
ROCE
26.9%
FCF Yield
0.7%
Debt/Equity
0.4
MoS
-157.8%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
40
Previous: 40
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-157.8%
Previous: -157.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
43
43
42
39
42
42
42
42
40
40
40
40
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹305.63
-28.9% MoS
Growth-justified P/E
4.3
Growth-justified Value
₹152.82
-157.8% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DYNPRO
Small
Dynemic Products Limited
Specialty Chemicals
match 134
45
13.7
8.5%
-223%
WATCHLIST
HPAL
Small
HP Adhesives Limited
Specialty Chemicals
match 134
20
129.0
4.0%
-24146%
OVERVALUED
MANORG
Small
Mangalam Organics Limited
Specialty Chemicals
match 134
24
15.8
8.4%
-773%
OVERVALUED
ASAHISONG
Small
Asahi Songwon Colors Limited
Specialty Chemicals
match 133
39
12.4
7.1%
-199%
WATCHLIST
SRD
Small
Shankar Lal Rampal Dye-Chem Limited
Specialty Chemicals
match 133
49
13.2
11.6%
+71%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
AksharChem India Limited operates in Dyes & Pigments, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Sept 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
77Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 83rd percentile of the scored universe and 83rd percentile within Industrials. Main check: results consistency is weak at 53/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
39 docs text-extracted · 9 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
83rd percentile
overall median 67 · Industrials: 83rd pctile, median 68 · Small: 86th pctile, median 66
Evidence depth
Financial-only
39 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 62.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.6%.
- ▸ROCE is 26.9%.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching AksharChem India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 11 Aug - Mr. Sunil Rane, General Manager (Accounts), retired on 11 August 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May
Source: Bse
Announcement
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 29 May
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May - Publication for Information regarding Postal ballot notice to be circulated to shareholders
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Directorate 21 May - Board approved FY26 audited results, Rs0.50 dividend, appointed Devalkumar Suthar WTD, noted Ashok Barot resignation, commissioned 5.19 MW solar plant.
Source: Bse
AnnouncementApr 2026
Apr 2026 · Announcement Under Regulation 30 (LODR) 20 Jun - Commissioned 2.4 MWp solar plant at Sardarpura; generation started April 24, 2026.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.