Indian Emulsifiers
- Market cap
- ₹ 72 Cr.
- P/E
- 3.7x
- P/B
- 0.49x
- 52-week range
- 31.5 – 110.7
- ROE
- 14%
- ROCE
- 15%
- Dividend yield
- 0%
- Debt / equity
- 0.37
- Sector
- Chemicals & Petrochemicals
- Industry
- Specialty Chemicals
- Listed on
- NSE SME
About
Indian Emulsifiers Ltd is an India-based specialty chemicals company. The Company primarily manufactures a range of chemical groups, including Esterification and Transesterification products, Sulphation, Quaternization, Phosphorylation, Emulsification, Imidazolines, Wax emulsions, Amphoterics, Polymerization, Poly-quaternary compounds and various specialty emulsifiers. It manufactures, supplies and markets a diverse range of specialty chemicals to industries, such as food, cosmetics, pharmaceuticals, personal care, home care, institutional and industrial cleaning, metal cleaning, metal working, lubricants, textiles, mining, oilfields, agriculture and paint and pigments. Phosphate Esters are used in food and pharmaceutical industries and provide stability in emulsions, especially in water-based systems. Southern Emulsifiers Pty Ltd is a wholly owned subsidiary of the Company. The Company operates across nine countries. It has a manufacturing facility at MIDC Lote.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Specialty Chemicals: 130 companies →Indian Emulsifiers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)3.7 against a typical 26.3: cheaper than most peers (1st = cheapest).5th of 129
- Sales growth+159.4% against a typical +25.9% from a year earlier.5th of 112
- Profit growth+20% against a typical +42.4% from a year earlier.68th of 102
- Share price, 3 months−7.4% against a typical −5.8%.69th of 118
- Size₹ 71.5 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).99th of 126
Latest announcements
Exchange filings and their impact on the company.
- Rights panel fixes Oct 27 record date for up to Rs 51 cr rights issue, ~64% of market cap.
Indian Emulsifiers' Rights Issue Committee on Oct 21, 2026 advanced its up to Rs 51 crore rights issue of Rs 10 shares first approved on May 16, 2026. It fixed Tuesday, Oct 27, 2026 as the record date for rights entitlements and approved the Letter of Offer and application forms for filing with NSE Emerge. If fully subscribed, the raise would add about one-third to net worth and fund working capital, capex and debt needs, but will materially dilute EPS until deployed.
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 21 Oct 2026 | Rights issue | Board approved | ₹ 51 Cr. | — | — |
Research by Minerva Capital Research Solutions
Our research team's work on Indian EmulsifiersAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 21 Oct 2026 | Other business matters | Intimation of Rights Issue Committee Meeting for deciding Issue Price and other terms of the Rights Issue |
| 23 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 20 May 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 16 May 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 17 Apr 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 8 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 35 | 32 | 52 | 50 | 77 | 83 |
| Expenses | 29 | 23 | 41 | 40 | 62 | 72 |
| Operating Profit | 6 | 8 | 10 | 9 | 15 | 11 |
| OPM % | 19% | 26% | 20% | 19% | 20% | 13% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 1 | 1 | 2 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 5 | 6 | 9 | 8 | 12 | 7 |
| Tax % | 18% | 19% | 18% | 20% | 17% | 21% |
| Net Profit | 4 | 5 | 7 | 6 | 10 | 6 |
| EPS in Rs | 4.24 | 3.71 | 3.81 | 3.45 | 5.61 | 3.23 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 57%
- TTM
- 58%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 61%
- TTM
- 22%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 21%
- 3 Years
- 20%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Indian Emulsifiers | ₹ 34.30 | ₹ 72 Cr. | 3.7x | 0.5x | 14% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Yash Tikekar
- Executive Chairman of the Board, Managing Director
- Mandeep Brijkishore Pandey
- Chief Financial Officer
- Ramraj Singh Thakur
- Compliance Officer, Company Secretary
- Abhay Tikekar
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.