Indian Emulsifiers LimitedIEMLCorporate

Chemicals Latest results: Mar 2026 6 quarters of data

₹41.20

MCap ₹76 Cr · P/E 4.6

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🏭 Chemicals sector

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₹83 Cr

Sales · Mar 2026

+66.0% YoY

₹11 Cr

Operating Profit · Mar 2026

+22.2% YoY

13.3%

OPM % · Mar 2026

-26.1% YoY

₹6 Cr

Net Profit · Mar 2026

+0.0% YoY

₹3.27

EPS · Mar 2026

-5.2% YoY

📝 Indian Emulsifiers Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Indian Emulsifiers Limited reported revenue of ₹83 crore for the quarter ended March 2026 (Q4 FY26), up 66.0% from ₹50 crore in the same quarter last year.

Net profit was flat year-on-year at ₹6 crore. Earnings per share (EPS) came in at ₹3.27.

Operating profit stood at ₹11 crore — an operating margin (OPM) of 13.3%, compared with 18.0% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹160 crore with a net profit of ₹16 crore.

Valuation snapshot

At the current price of ₹41.20, IEML has a market capitalisation of ₹76 crore and a trailing P/E of about 4.6.

Within the Chemicals industry, it is the 25th-largest of the 79 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 32.64%, foreign institutional investors (FIIs) 2.00%, domestic institutional investors (DIIs) 3.29%, public shareholders 62.08% of Indian Emulsifiers Limited.

Promoter holding rose from 32.57% to 32.64% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹76 Cr

Current Price ?

₹41.2

P/E ?

4.64below ind

Industry P/E ?

24.60

P/B ?

0.51

P/S ?

0.47

P/FCF ?

-1.14

Enterprise Value ?

₹131 Cr

EV/EBITDA ?

5.00

PEG ?

N/A

Earnings Yield ?

17.6%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹160 Cr

OPM ?

16.3%

Profit after tax (TTM) ?

₹16 Cr

EPS (TTM) ?

₹8.87

ROCE ?

15.0%

ROE ?

11.1%

ROA ?

6.9%

Growth

Sales — latest qtr ?

₹83 Cr

PAT — latest qtr ?

₹6 Cr

YoY qtr sales growth ?

66.0%

YoY qtr profit growth ?

0.0%

Sales growth (3y) ?

N/A

Sales growth (5y) ?

N/A

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹55 Cr

Debt to Equity ?

0.37

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

32.64%

Change in promoter holding ?

-15.47%

Pledged percentage ?

N/A

Market

Return 3 months ?

1.9%

Return 6 months ?

-53.0%

🗓️ Quarterly results (6 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	YoY %	QoQ %
Sales	35	32	52	50	77	83	+66.0%	—
Operating Profit	6	8	10	9	15	11	+22.2%	—
Other Income	0	0	1	0	0	0	—	—
Interest	1	1	2	1	2	2	+100.0%	—
Depreciation	1	1	1	1	1	2	+100.0%	—
Profit Before Tax	5	6	9	8	12	8	+0.0%	—
Net Profit	4	5	7	6	10	6	+0.0%	—
EPS	4.24	3.71	3.81	3.45	8.40	3.27	-5.2%	—
OPM %	17.1%	25.0%	19.2%	18.0%	19.6%	13.3%	-26.1%	—

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 3 periods)

Metric	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	9	12	18	+50.0%
Reserves	19	70	129	+84.3%
Borrowings	24	26	55	+111.5%
Other Liabilities	12	10	33	+230.0%
Total Liabilities	64	117	235	+100.9%
Fixed Assets	17	19	53	+178.9%
CWIP	3	21	23	+9.5%
Investments	0	0	0	—
Other Assets	44	77	159	+106.5%
Total Assets	64	117	235	+100.9%

💧 Cash Flow (latest 3 periods)

Metric	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	0	-17	-28	-64.7%
Cash from Investing Activity	-8	-24	-39	-62.5%
Cash from Financing Activity	8	40	75	+87.5%
Net Cash Flow	0	-0	8	—
Free Cash Flow	-9	-39	-66	-69.2%
CFO/OP	8%	-74%	-95%	-28.4%

➗ Ratios (latest 3 periods)

Metric	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	101	110	131	+19.1%
Inventory Days	162	185	193	+4.3%
Days Payable	69	33	79	+139.4%
Cash Conversion Cycle	195	263	245	-6.8%
Working Capital Days	115	172	201	+16.9%
ROCE %	—	24%	15%	-37.5%

👥 Shareholding (latest 4 periods)

Metric	Mar 2025	Sep 2025	Nov 2025	Mar 2026	% Chg
Promoters	48.11%	48.11%	32.57%	32.64%	+0.2%
FIIs	2.22%	2.20%	2.16%	2.00%	-7.4%
DIIs	2.55%	1.67%	4.36%	3.29%	-24.5%
Public	47.12%	48.02%	60.91%	62.08%	+1.9%
No. of Shareholders	1,383	1,740	1,843	2,819	+53.0%

⚖️ Peer comparison

Industry: Chemicals · top 25 of 79 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	NAVINFLUOR Navin Fluorine	₹8,545.00	43,843	55.4	3,634	790	33.9%	21.7%	41.1%	130.1%	44.1%	107.7%
2	DEEPAKNTR Deepak Nitrite	₹1,596.00	21,768	27.8	8,575	784	15.5%	9.1%	-4.8%	-22.5%	36.4%	207.4%
3	DEEPAKFERT Deepak Fertilisers	₹1,323.00	16,718	17.0	12,103	985	16.7%	8.1%	12.0%	-21.8%	22.5%	101.0%
4	TATACHEM Tata Chemicals	₹615.00	15,668	—	15,120	-1,971	11.3%	-13.0%	-2.0%	-543.2%	14.4%	-81.0%
5	PCBL PCBL Chemical	₹331.50	13,043	43.3	6,596	298	13.4%	4.5%	-12.5%	-46.0%	17.0%	64.8%
6	JUBLINGREA Jubilant Ingrevia	₹647.25	10,208	33.3	4,651	308	13.4%	6.6%	5.1%	10.3%	25.3%	40.9%
7	ALKYLAMINE Alkyl Amines	₹1,818.60	9,301	41.3	1,658	225	20.6%	13.5%	-2.3%	-3.8%	30.1%	93.1%
8	CLEAN Clean Science	₹820.00	8,715	37.4	982	232	35.7%	23.6%	-2.5%	-13.7%	21.9%	-4.7%
9	GNFC Gujarat Narmada	₹539.75	7,931	7.6	8,410	1,037	14.8%	12.3%	-1.5%	35.3%	39.8%	275.9%
10	GALAXYSURF Galaxy Surfactants	₹2,156.30	7,887	21.6	5,752	353	10.4%	6.1%	24.3%	-50.0%	39.4%	108.7%
11	NEOGEN Neogen Chemicals	₹2,403.50	7,221	180.9	926	36	16.6%	3.8%	10.9%	-17.6%	34.0%	66.8%
12	BALAMINES Balaji Amines	₹2,215.00	7,177	35.3	1,523	211	21.4%	13.9%	2.0%	6.5%	27.2%	113.9%
13	FCL Fineotex Chemical	₹53.07	6,180	41.6	1,012	148	16.7%	14.6%	44.8%	14.5%	174.8%	92.6%
14	ACI Archean Chemical	₹470.90	5,814	61.0	1,123	95	20.3%	8.5%	7.8%	-37.0%	8.9%	-24.4%
15	GULFOILLUB Gulf Oil	₹1,057.20	5,235	13.9	4,367	371	12.6%	8.5%	11.7%	-3.4%	30.6%	27.0%
16	FOSECOIND Foseco India	₹6,846.50	5,186	64.7	618	77	17.5%	12.5%	12.2%	-1.9%	9.2%	8.9%
17	GUJALKALI Gujarat Alkalies	₹696.50	5,115	77.0	4,497	66	11.2%	1.5%	7.0%	96.3%	12.6%	499.0%
18	LXCHEM Laxmi Organic	₹178.50	4,961	40.2	3,117	123	8.2%	4.0%	-4.7%	-43.4%	44.1%	194.8%
19	VISHNU Vishnu Chemicals	₹724.90	4,880	32.6	1,694	150	15.5%	8.8%	11.1%	12.2%	24.9%	23.0%
20	YASHO Yasho Industries	₹4,028.70	4,857	84.9	939	57	19.5%	6.1%	24.0%	771.1%	54.9%	801.3%
21	EPIGRAL Epigral	₹1,084.00	4,677	17.3	2,626	271	22.2%	10.3%	-0.9%	-7.2%	16.3%	-37.9%
22	TATVA Tatva Chintan	₹1,867.60	4,369	85.0	556	51	19.3%	9.2%	32.6%	702.6%	42.8%	128.3%
23	GHCL GHCL	₹418.85	3,839	7.4	3,043	525	23.0%	17.3%	-3.7%	-23.5%	-2.7%	31.8%
24	PREMEXPLN Premier Explosives	₹685.10	3,685	110.0	349	34	6.8%	9.6%	-7.0%	60.5%	-27.8%	-80.2%
25	IEML Indian	₹358.50	657	40.4	160	16	16.3%	10.2%	—	—	66.0%	0.0%

❓ Frequently asked questions

What was Indian Emulsifiers Limited's revenue in Q4 FY26?