AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 30 Sep - General Manager R&D Dr. Kiran Sirsalmath resigned effective September 30, 2026.
Source: Bse
Gem Aromatics Limited (GEMAROMA)
Small CapIndustrials stocks · Small cap · NSE
Gem Aromatics Limited operates in Aromatics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹143.29
-3.39 · -2.31%
Market cap ₹796 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 02:01 pm ISTDetails
Quote21 Oct, 02:01 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:05 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
32Bearishfull bear SMA stack · SMA20 -7.3% / mo · MACD + · near 52W low
Stock trend: 24
Sector RS: 45
Sector 3M: -7.7% vs Nifty 500 -6.1%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GEMAROMAD candles · FIT view-15.4%TODAY · PROVISIONALLatest price ₹143.29 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-6.3%
RSI
36
MACD hist
-0.09
52W pos
9%
2026-10-21O ₹152.90H ₹152.90L ₹142.31C ₹143.29Vol 34,597 shIntraday candle
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
GEMAROMANifty India ManufacturingNifty 500
- GEMAROMA
- -20.7%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -15.1 pp
Chart stats
19 Oct 2026- From 52W high
- -42.3%
- 52W range position
- 11%
- ATR (14)
- 4.2%
- Volume vs 20D
- 1.09x
- Avg traded value
- ₹1 Cr
- 20D price channel
- ₹143.5 - ₹168
₹254
₹133 - ₹254
₹6.2
Latest completed session
20-session average
32.8% 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 argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED23
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +12.8% · PAT -198.6% YoY
Technical
Bearish32
Price trend and sector-relative-strength timing.
Valuation
Legacy model-178.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence54
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 Jun 2026
Bad · 0/100PAT -199% YoY · margin compression · Rev +13% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹98.9 Cr | +12.8% | -10.5% |
| EBITDA | ₹3.3 Cr | -77.8% | -79.0% |
| Operating margin | 3.3% | -1362 bps | -1089 bps |
| PAT | ₹-7.9 Cr | -198.6% | -879.2% |
| PAT margin | -8.0% | -1707 bps | -887 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 29.00
- P/B
- 1.68
- EV/EBITDA
- 20.60
- Market Cap
- 796.00Cr
Profitability
- ROE
- 7.03%
- ROCE
- 9.10%
- ROA
- 4.59%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 3.00%
- EPS 5Y
- 3.00%
- Revenue 3Y
- -4.00%
- EPS 3Y
- -12.00%
Balance Sheet
- Debt/Equity
- 0.19
- Interest Coverage
- 4.63×
- Altman Z
- 6.48
- Book Value
- 91.10
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 95.00 Cr
- EPS TTM
- 5.26
Shareholding
- Promoter Hold
- 57.44%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 366-27.4% vs prev
Net Profit
₹ CrLatest: 1.0-98.1% vs prev
Return on Equity
%Latest: 0.2-98.8% 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
Bearish setupTrend is weak — long-term trend down. RSI 36.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~7.4% over last month) — short-term momentum negative.
- RSI(14) at 36 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 42% off 52W high · 8% 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
18
RS percentile
Stage 4 Downtrend
1M return
-1.6%
3M return
-20.7%
6M return
-15.3%
1Y return
-37.4%
RS 1D
-1
RS 20D
+1
Sector rank
#2
Industry rank
#9
Stage evidence
- Price is 12.4% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.8%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 64.97-0.20%
RS vs Nifty 50065
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation3/30
Growth3/25
Quality0/20
Balance Sheet10/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
23
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
23/100 · legacy band OVERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 10/15 to the score.
- Growth contributes 3/25 to the score.
Main drags
- Fair-value margin of safety is negative at -178.2%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 3/30; 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
29.0
PB
1.7
EV/EBITDA
20.6
ROE
7.0%
ROCE
9.1%
FCF Yield
—
Debt/Equity
0.2
MoS
-178.2%
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
23
Previous: 23
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-178.2%
Previous: -184.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
23
23
23
23
22
23
23
23
23
23
23
23
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
₹103.83
-38.0% MoS
Growth-justified P/E
9.8
Growth-justified Value
₹51.5
-178.2% MoS
PEG
9.67
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
OAL
Small
Oriental Aromatics Limited
Specialty Chemicals
match 152
16
326.0
0.5%
-49609%
OVERVALUED
DMCC
Small
DMCC SPECIALITY CHEMICALS LIMITED
Specialty Chemicals
match 136
28
19.8
11.5%
-213%
OVERVALUED
SADHNANIQ
Small
Sadhana Nitrochem Limited
Specialty Chemicals
match 135
18
—
-23.5%
—
OVERVALUED
FAIRCHEMOR
Small
Fairchem Organics Limited
Specialty Chemicals
match 135
21
55.1
2.2%
-4323%
OVERVALUED
CHEMCON
Small
Chemcon Speciality Chemicals Limited
Specialty Chemicals
match 135
31
27.8
4.7%
-888%
OVERVALUED
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
Gem Aromatics Limited operates in Aromatics, 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 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
54Limited 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 13th percentile of the scored universe and 10th percentile within Industrials. Main check: results consistency is weak at 5/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
18 docs text-extracted · 6 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
13th percentile
overall median 67 · Industrials: 10th pctile, median 68 · Small: 15th pctile, median 66
Evidence depth
Financial-only
18 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
Needs extra due diligence; demand valuation comfort and recent improvement.
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
90
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
42
weak · capital discipline
Results
5
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 57.4%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 2.4%.
Trust risks
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸Only 1 years of positive FCF.
- ▸ROE is low at 7%.
- ▸ROCE trend is -9.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Gem Aromatics Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 22 Sep - Approval to convert pre-existing inter-company loans into equity shares of wholly owned subsidiary Krystal Ingredients.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Newspaper Publication in respect of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Aug - Gem Aromatics reported Q1FY27 standalone revenue Rs83.0 crore, consolidated revenue Rs98.9 crore, and approved Brazil subsidiary.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 23 Jun - Board approved Brazil WOS, ₹2 crore ODI, ₹15 crore SBLC, and auditor appointments on June 23, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 4 Jun - Promoter Yash Parekh bought 85,000 shares on June 4, 2026, raising holding to 9.54%.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 4 Jun - Promoter Yash Parekh bought 143,760 shares on June 2, 2026, raising holding to 4,903,157 shares.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 23 Jun - Board approved Brazil WOS, up to ₹2 crore ODI and ₹15 crore SBLC; auditors also changed.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.