Indian Toners & Developers Ltd (INDTONER)

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Indian Toners & Developers Ltd (INDTONER) · mywealthgrid

About

Indian Toners & Developers Ltd operates in Specialty Chemicals within the Materials sector.

Face value: ₹2

Market cap

₹48 Cr

P/E

2.3×

P/B

0.3×

Dividend yield

22.6%

ROE

12.8%

ROCE

15.3%

Debt / equity

OPM

21.1%

EPS (TTM)

₹19.9

Book value

₹159.0

52-week high

—

52-week low

—

2,177 historical price candles were omitted because the exchange source has not been verified.

₹46.5-0.8%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 21.1%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 158.9×
+Dividend yield of 22.6%
+Dividend payout of 52.7% of profit
+High promoter holding of 69.3% with no pledge

Cons

−Low return on equity of 9% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

82/100

Business quality: 64
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022
	92	89	120
COGS	41	40	53
Gross profit	50	49	67
	38	34	42
Operating profit (EBITDA)	12	15	25
OPM %	13.2%	17%	21.1%
Depreciation	4	4	4
Interest	1	0	0
	7	8	4
Profit before tax	14	19	25
Tax	3	5	5
Tax %	17.6%	28.5%	17.9%
	12	13	21
PAT margin %	13%	14.9%	17.3%
EPS (₹)	9	10.1	19.1
EPS adjusted (₹)	1.8	2.4	3.8
	33.3%	29.7%	15.7%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity capital	8	13	13	13	11	11
Reserves	110	150	165	171	148	154
	—	—	—	—	0	0
	23	24	22	20	22	22
Total equity & liabilities	141	187	201	204	180	188
	47	52	52	54	50	49
CWIP	8	1	1	—	0	1
Investments	52	86	89	101	74	65
	35	48	59	49	56	73
Total assets	141	187	201	204	180	188

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	18	19	14	13	19	14
	-16	-15	-2	-9	28	4
	-2	-4	-5	-8	-38	-15
Net cash flow	0	-1	6	-3	9	3
Free cash flow	—	—	—	—	19	5
CFO / Operating profit %	—	—	—	111.3%	128.5%	55.8%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 35%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 56%

Return on equity

7 years: —
5 years: —
3 years: 9%
Last year: 13%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022
Margins
Gross margin %	54.8%	55.1%	55.9%
EBITDA margin %	13.2%	17%	21.1%
EBIT margin %	8.5%	12.2%	17.6%
PAT margin %	13%	14.9%	17.3%
Working capital
Receivable days	56	63	51
Inventory days	148	111	124
Payable days	107	104	88
NWC days	97	70	86
Leverage
Current ratio	3.11	3.14	3.53
Debt to EBITDA	—	0	0
Debt to equity	—	0	0
Interest coverage	29.1	104.1	158.9
Asset turnover	0.45	0.49	0.64
Return ratios
Return on assets %	5.8%	7.3%	11%
Return on capital employed %	7.9%	10.7%	15.3%
Return on equity %	6.4%	8.4%	12.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%	30.72%
No. of shareholders	—	—	—	—	—	—	—	—	17,625	17,367	17,068	17,345

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Indian Toners & Developers Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

12 announcementsExport CSV

26 Aug 2026, 4:44 pmCompany Update

Announcement Under Regulation 30: Submission Of Circular Resolution Passed By The Board Of Directors Of Indian Toners & Developers Limited

General PDF

29 Jul 2026, 11:16 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Jul 2026, 2:15 pmCompany Update

Announcement under Regulation 30 (LODR)-Meeting Updates

Meeting Updates PDF

28 Jul 2026, 2:09 pmResult

Unaudited Financial Results For The Quarter Ended 30.06.2026

Financial Results PDF

22 Jul 2026, 12:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

21 Jul 2026, 3:43 pmBoard Meeting

Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 30.06.2026

Exchange filing PDF

15 Jul 2026, 3:16 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

15 Jul 2026, 2:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Meeting Updates

Meeting Updates PDF

Date	Category	Subject	Filing
26 Aug 2026, 4:44 pm	Company Update General	Announcement Under Regulation 30: Submission Of Circular Resolution Passed By The Board Of Directors Of Indian Toners & Developers Limited	PDF
29 Jul 2026, 11:16 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Indian Toners & Developers Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Credit ratings

Dividends11

Board meetings1

Stock splits1

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

11

1

1