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INDTONER

Indian Toners N Develop L Share Price

Live price, chart and which mutual funds hold this stock

TopFund Score: 56/100 · Average See breakdown ↓
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Strengths, Weaknesses, Opportunities & Threats

Strengths (1)

  • •Strong operating margin (21.0%)

Weaknesses (0)

No signal for this stock

Opportunities (0)

No signal for this stock

Threats (0)

No signal for this stock

Rule-based signals from the fundamentals below — not investment advice.

Stock Vitals

Computed from the latest available annual financials.

Graham Number

₹52.93

Current price is at or below the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.

DuPont ROE Breakdown

12.45%

Net margin 18.37% × asset turnover 0.6x × equity multiplier 1.13x

Company Overview

Sector

Chemicals

Market Cap

₹246 Cr

P/E (TTM)

9.05

ROE

11.6%

Book Value

₹32.6

Face Value

₹2.0

Source: Screener.in (Consolidated figures) — data as of 30 Oct 2026. Not investment advice.

TopFund Analysis

Indian Toners N Develop L lands in the middle of the pack on TopFund's composite fundamentals check within the Chemicals sector, at 56/100. The strongest factor is Financial Strength (100/100), while Growth (13/100) is the weakest area to weigh before deciding. Notably: Strong operating margin (21.0%).

TopFund Score — Fundamentals Quality

56/100 — Average

Data confidence: 74/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.

Financial Strength

100

Growth

13

Valuation

74

Cash Flow

31

Corporate Governance

83

Momentum

23

Institutional Ownership

30

Business Quality

75

From Screener.in

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 24.5%
  • −The company has delivered a poor sales growth of 0.88% over past five years.
  • −Company has a low return on equity of 7.73% over last 3 years.

Not investment advice — an automated read of public fundamentals data, for research context only.

Corporate Actions

Intimation Under Reg. 28(1) And 30 Of The SEBI (LODR) Regulations, 2015 - Listing And Commencement Of Trading In The Company''s Equity Shares On NSE Limited 29 Oct

Indian Toners & Developers shares list on NSE from October 30, 2026; 5,19,58,660 shares, symbol INDTONER.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Oct

Indian Toners & Developers Limited has submitted to BSE Limited certificate under reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30.09.2026. (Letter …

Resolution By Circulation For Reconstitution Of Audit Committee 07 Oct

Audit Committee reconstituted on 7 Oct 2026; Sanjay Gupta appointed member.

Closure of Trading Window 26 Sep 26 Sep

Source: BSE regulatory filings, via Screener.in.

Quarterly Results

Last several quarters

  Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Sales + 22 21 11 24 25 30 21 33 32 34 35 38 40
Expenses + 20 18 10 20 20 24 18 25 25 26 28 30 32
Operating Profit 3 3 0 4 5 6 3 8 7 7 7 9 8
OPM % 12.27% 12.31% 4.34% 16.22% 19.84% 19.65% 14.02% 23.87% 21.55% 21.68% 19.38% 22.75% 20.46%
Other Income + 2 1 3 2 2 1 1 1 1 1 1 0 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 4 3 2 4 6 6 3 8 7 7 7 8 8
Tax % 28.42% -1.44% 7.11% 23.81% 28.5% 41.5% 23.86% 30.86% 28.18% -9.17% 19.92% 25.68% 7.01%
Net Profit + 3 3 2 3 4 3 2 6 5 8 6 6 8
EPS in Rs 0 0 0 1 1 1 0 1 1 1 1 1 1
Raw PDF — — — — — — — — — — — — —

Source: Screener.in — figures in ₹ Crores unless marked %.

Profit & Loss (Yearly)

  Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Sales + 58 62 67 83 92 105 114 112 115 92 89 120 147
Expenses + 48 52 52 62 70 81 87 85 92 79 74 94 116
Operating Profit 10 11 14 21 21 24 27 27 23 12 15 25 31
OPM % 18.0% 17.0% 22.0% 26.0% 23.0% 23.0% 24.0% 24.0% 20.0% 14.0% 17.0% 21.0% 21.0%
Other Income + 1 2 1 1 3 2 7 7 6 7 8 4 3
Interest 1 0 1 1 0 1 1 1 1 1 0 0 0
Depreciation 3 2 2 2 3 3 3 4 4 4 4 4 4
Profit before tax 8 10 13 19 21 22 30 30 25 14 19 25 31
Tax % 7.0% 19.0% 12.0% 9.0% 24.0% 26.0% 22.0% 18.0% 19.0% 17.0% 28.0% 18.0% —
Net Profit + 8 8 11 18 16 17 23 24 20 12 13 21 27
EPS in Rs 1 1 2 3 3 3 6 4 3 2 2 4 5
Dividend Payout % 2.0% 2.0% 6.0% 1.0% 9.0% 5.0% 0.0% 16.0% 20.0% 33.0% 25.0% 16.0% —

Source: Screener.in — figures in ₹ Crores unless marked %.

Balance Sheet

  Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Reserves 35 40 46 58 66 76 131 150 165 169 148 154 166
Borrowings + 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Liabilities + 28 27 33 43 49 58 30 24 22 20 22 22 23
Total Liabilities 71 75 88 109 123 142 168 187 201 203 180 188 200
Fixed Assets + 36 34 36 35 33 41 45 52 52 54 50 49 57
CWIP 0 0 0 0 9 0 8 1 1 0 0 1 1
Investments 1 10 16 29 36 52 70 86 89 99 74 65 65
Other Assets + 34 31 37 45 46 49 45 48 59 50 56 73 77
Total Assets 71 75 88 109 123 142 168 187 201 203 180 188 200
Equity Capital 8 8 8 8 8 8 8 13 13 13 11 11 11

Source: Screener.in — figures in ₹ Crores unless marked %.

Cash Flow

  Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Cash from Operating Activity + 8 11 9 19 18 19 18 19 14 13 19 14
Cash from Investing Activity + 0 -10 -9 -16 -15 -18 -16 -15 -2 -8 28 4
Cash from Financing Activity + -9 0 -1 -1 0 -2 -2 -4 -5 -8 -38 -15
Net Cash Flow -1 0 -1 2 2 -1 1 -1 6 -3 9 3
Free Cash Flow 7 9 4 17 7 17 9 15 8 9 19 5
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 96 123 81 112 105 101 86 95 80 129 148 73

Source: Screener.in — figures in ₹ Crores unless marked %.

Shareholding Pattern

Quarter-by-quarter — Promoters, FII, DII & public holding trend

Promoter holding: 69.25% → 69.25%
  Sep 2023 Dec 2023 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Public 30.73% 30.72% 30.72% 30.71% 30.72% 30.72% 30.71% 30.72% 30.72% 30.72% 30.71% 30.74%
Promoters 69.25% 69.25% 69.25% 69.25% 69.25% 69.25% 69.25% 69.25% 69.25% 69.25% 69.25% 69.25%
DII 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.0%

Source: Screener.in — quarterly shareholding disclosures.

Peers Comparison

Chemicals — ranked by market cap

Company Market Cap (Cr) P/E P/B ROE
Indian Toners N Develop L (this stock) 246 9.05 1.45 11.6%
Diamines & Chemicals Ltd 233 — 1.48 -7.93%
Dai-ichi Karkaria Ltd. 226 95.2 1.19 -0.34%
Chembond Materialtech Ltd 225 14.9 1.34 8.84%
DCM Shriram Fine Chem Ltd 222 — 1.05 -0.29%
Dynemic Products Limited 276 13.6 1.13 8.53%
Sikko Industries Limited 215 35.6 2.49 6.05%

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