Akshar Enterprises

Mumbai, India Founded: 2013 • Age: 13 yrs Listed
Manufactures and exports industrial, laboratory, cosmetic, food, and pine oil chemicals.

About Akshar Enterprises

Akshar Enterprises is a publicly listed company based in Mumbai (India) founded in 2013. It manufactures and exports industrial, laboratory, cosmetic, food, and pine oil chemicals. It operates on a B2B and Wholesale model in Industrial Goods & Manufacturing and Chemicals & Materials sectors. The company has 3,256 employees. Its Indian entity Indiamart Intermesh Limited reported revenue of ₹1,773 Cr. Akshar Enterprises offers products and services including Refined Naphthalene Powder, Liquid Benzene Chemical, Pure Pine Oil, Castor Oil BSS/Commercial, and N N Dimethylformamid. Its focus areas include Manufacturing, Chemical Manufacturing, Industrial Chemicals and Solvents and Oils.

Company details

Akshar Enterprises is a manufacturer and exporter based in Mumbai, India, specializing in a range of chemicals including industrial solvents, laboratory reagents, cosmetic ingredients, and food-grade substances. They operate as a wholesaler-distributor, supplying products like refined naphthalene powder and liquid benzene through business-to-business channels. The company focuses on quality production and distribution, serving various industrial clients with reliable chemical solutions.

  • Headquarters Mumbai, India
  • Employees 3,256
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
    Chemicals & Materials
  • Phone
    •••• ••••
  • Website theakshargroup.in
  • Legal Name Indiamart Intermesh Limited
  • Date of Incorporation 13 Sep, 1999
  • Jurisdiction New Delhi, Delhi, India
Key Metrics
  • Market Cap
    ₹9,287 Cr

    INDIAMART · NSE

  • Share Price
    ₹1,487.20

    -3.69% today

  • Revenue
    ₹1,569 Cr

    FY 2025-26 · +13.0% YoY

  • EBITDA
    ₹475 Cr

    Margin 30.3%

  • Net Profit
    ₹475 Cr

    FY 2025-26 · -10.1% YoY

  • P/E (TTM)
    18.9x

    P/B 4.1x

  • ROE
    20.7%

    ROCE 21.4%

  • Debt / Equity
    0.01

    Interest cover 0.7x

  • Employee Count
    3,256

Products & Services of Akshar Enterprises

Akshar Enterprises offers a comprehensive portfolio of products and services, including Refined Naphthalene Powder, Liquid Benzene Chemical, Pure Pine Oil, Castor Oil BSS/Commercial, and N N Dimethylformamid.

Refined Naphthalene Powder
Industrial Chemical

Used as a solvent in manufacturing and mothball production.

Liquid Benzene Chemical
Industrial Chemical

Solvent for chemical synthesis and industrial processes.

Pure Pine Oil
Industrial Chemical

Essential oil for cleaning and disinfectant applications.

Castor Oil BSS/Commercial
Food Chemical

Oil for food and industrial uses in lubricants and cosmetics.

N N Dimethylformamid
Laboratory Chemical

Solvent for organic synthesis and chemical research.

Board of directors of Indiamart Intermesh Limited (Akshar Enterprises)

Indiamart Intermesh Limited is the primary company behind Akshar Enterprises. The board of Indiamart Intermesh Limited currently have 8 directors; the longest-serving is Dinesh Chandra Agarwal, appointed in 1999. 19 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Dinesh Chandra Agarwal
DIN 00191800
Managing Director13 Sep 199927 yrs 1 moIndiamart Intermesh Limited
Brijesh Kumar Agrawal
DIN 00191760
Whole-time director13 Sep 199927 yrs 1 moIndiamart Intermesh Limited
Vivek Narayan Gour
DIN 00254383
Director30 Apr 20188 yrs 6 moIndiamart Intermesh Limited
Pallavi Dinodia Gupta
DIN 06566637
Director20 Oct 20224 yrsIndiamart Intermesh Limited
Manoj Bhargava
DIN 08267536
Whole-time director21 Jan 20251 yr 9 moIndiamart Intermesh Limited
Manish Vij
DIN 00505422
Director21 Jan 20251 yr 9 moIndiamart Intermesh Limited
Sandeep Kumar Barasia
DIN 01432123
Director29 Apr 20251 yr 6 moIndiamart Intermesh Limited
Vasuta Agarwal
DIN 07480674
Director18 Jul 20251 yr 3 moIndiamart Intermesh Limited

IPO & Listings of Akshar Enterprises

Akshar Enterprises is a publicly listed company on the NSE with ticker symbol INDIAMART in India, operating in the E-Commerce/App based Aggregator sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: INDIAMART
  • Listed entityIndiamart Intermesh Limited
  • Exchange sectorE-Commerce/App based Aggregator

Financials of Akshar Enterprises

Exchange-reported figures of Indiamart Intermesh Limited, the listed company behind Akshar Enterprises (NSE: INDIAMART).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,569 Cr
+13.0% YoY
EBITDA
₹475 Cr
+0.3% YoY
Profit After Tax
₹475 Cr
-10.1% YoY
Net Worth
₹2,400 Cr
+9.8% YoY
Total Assets
₹3,214 Cr
+11.8% YoY
Total Debt
₹23.10 Cr
-30.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,5691,3881,197985753670639
Revenue growth+13.0%+16.0%+21.5%+30.8%+12.5%+4.8%-
EBITDA475474289230296326167
EBITDA margin+30.3%+34.1%+24.2%+23.3%+39.2%+48.6%+26.2%
Profit before tax648706454371390389211
Net profit475528335283297279147
Net profit margin+30.3%+38.0%+28.0%+28.7%+39.5%+41.7%+23.1%
EPS (₹)79.0091.7855.7192.8297.4192.2951.04
Balance sheet
Total assets3,2142,8752,3502,5802,2851,960648
Net worth2,4002,1851,7362,0581,8741,611275
Total debt23.1033.0440.6745.9156.2863.4276.51
Cash & bank91.2084.3910158.2876.8277.7323.86
Net working capital(1,191)(1,064)(908)(753)(509)(363)(427)
Cash flow
Cash from operations694623559476402322261
Cash from investing(347)(486)162(324)(335)(1,338)(233)
Cash from financing(340)(148)(695)(143)(57.52)1,038(51.30)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue429414404402391372355354
Revenue growth (YoY)+9.6%+11.4%+13.9%+13.4%+12.5%+12.3%--
Other income(7.60)107(33.90)13510.2092.4010944.90
EBITDA144132120120116119119124
EBITDA margin+33.6%+31.8%+29.7%+29.8%+29.7%+32.1%+33.6%+35.1%
Depreciation6.406.407.007.307.206.908.308.30
Interest0.500.500.600.700.701.001.701.80
Profit before tax12923278.40247119204218159
Tax38.6059.5028.2058.7035.9050.4037.5038.00
Net profit90.8017250.2018882.70154181121
EPS (₹)15.0528.568.3331.2413.7125.5230.0620.13
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,4431,3201,139939751665624
Revenue growth+9.3%+15.9%+21.3%+25.1%+12.9%+6.7%-
EBITDA520513334256312333166
EBITDA margin+36.1%+38.9%+29.3%+27.3%+41.6%+50.1%+26.6%
Profit before tax694773475345403396210
Net profit525598362276310286152
Net profit margin+36.4%+45.3%+31.8%+29.4%+41.2%+43.0%+24.4%
EPS (₹)87.41101.2060.4289.01101.4194.5750.63
Balance sheet
Total assets3,3102,9342,3422,5492,3031,966647
Net worth2,5422,2761,7702,0641,8921,617274
Total debt23.1033.0440.6745.9156.2863.4276.51
Cash & bank77.3868.9481.3750.2872.5672.6119.77
Net working capital(1,141)(1,021)(898)(741)(513)(368)(430)
Cash flow
Cash from operations668614545464407326264
Cash from investing(347)(492)181(316)(339)(1,343)(236)
Cash from financing(313)(135)(695)(143)(57.50)1,038(51.30)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue389376368368360346336337
Revenue growth (YoY)+8.0%+8.6%+9.7%+9.1%+8.6%+9.8%--
Other income(8.60)88.10(33.90)1328.0084.4014822.90
Total expenses233227234232245212203193
EBITDA156149135136115135133144
EBITDA margin+40.2%+39.7%+36.6%+37.0%+31.9%+38.9%+39.5%+42.7%
Depreciation2.602.603.203.603.603.505.005.10
Interest0.600.500.600.600.700.800.900.90
Profit before tax14523496.90264119215275161
Tax38.3058.2027.3058.0035.2048.8043.6036.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue429414404402391372355354
Revenue growth (YoY)+9.6%+11.4%+13.9%+13.4%+12.5%+12.3%--
Other income(7.60)107(33.90)13510.2092.4010944.90
EBITDA144132120120116119119124
EBITDA margin+33.6%+31.8%+29.7%+29.8%+29.7%+32.1%+33.6%+35.1%
Depreciation6.406.407.007.307.206.908.308.30
Interest0.500.500.600.700.701.001.701.80
Profit before tax12923278.40247119204218159
Tax38.6059.5028.2058.7035.9050.4037.5038.00
Net profit90.8017250.2018882.70154181121
EPS (₹)15.0528.568.3331.2413.7125.5230.0620.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,5691,3881,197985753670639
Revenue growth+13.0%+16.0%+21.5%+30.8%+12.5%+4.8%-
Other income20427221118111286.5868.59
Total expenses1,094915908755458344472
Employee cost693601544425268205267
EBITDA475474289230296326167
EBITDA margin+30.3%+34.1%+24.2%+23.3%+39.2%+48.6%+26.2%
Depreciation28.4532.9436.4631.0811.9516.0721.15
Interest2.987.418.918.155.406.663.28
Profit before tax648706454371390389211
Tax17315512087.4592.8311064.04
Net profit475528335283297279147
Net profit margin+30.3%+38.0%+28.0%+28.7%+39.5%+41.7%+23.1%
EPS (₹)79.0091.7855.7192.8297.4192.2951.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital60.0860.0159.9530.5830.5530.3228.88
Reserves & surplus2,3402,1251,6762,0281,8441,581246
Shareholders' funds (net worth)2,4002,1851,7362,0581,8741,611275
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.000.000.00
Unsecured loans23.1033.0440.6745.9156.2863.4276.51
Total debt23.1033.0440.6745.9156.2863.4276.51
Total liabilities3,2142,8752,3502,5802,2851,960648
Assets
Gross block658652644630106106118
Net block49451553655356.0765.0785.63
Capital work in progress0.000.470.500.180.180.180.18
Investments3,7923,4532,7462,7842,7222,254901
Inventories0.000.000.000.000.000.000.00
Sundry debtors5.503.974.787.061.331.251.68
Cash & bank balances91.2084.3910158.2876.8277.7323.86
Loans & advances67.4959.1041.9626.2061.2788.3022.53
Total current assets16414714891.5413916748.07
Total current liabilities1,3551,2111,056844648530475
Net working capital(1,191)(1,064)(908)(753)(509)(363)(427)
Total assets3,2142,8752,3502,5802,2851,960648
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash73.4884.8058.1149.5540.1216.9440.20
Net cash from operating activities694623559476402322261
Net cash from investing activities(347)(486)162(324)(335)(1,338)(233)
Net cash from financing activities(340)(148)(695)(143)(57.52)1,038(51.30)
Net change in cash6.93(11.32)26.708.569.4323.18(23.26)
Closing cash91.2084.3910158.2876.8277.7323.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+13.0%+16.0%+21.5%+30.8%+12.5%+4.8%-
EBITDA growth+0.3%+63.8%+25.7%-22.2%-9.2%+94.6%-
PBT growth-8.2%+55.3%+22.4%-4.9%+0.3%+84.2%+292.0%
Net income growth-10.1%+57.7%+18.2%-4.8%+6.6%+89.4%-
Revenue CAGR (3Y)+16.8%+22.6%+21.4%+15.5%+14.1%+17.7%+26.2%
EBITDA CAGR (3Y)+27.4%+17.0%-3.9%+11.2%+158.6%--
Profitability & leverage
Net income margin+30.3%+39.7%+27.9%+28.8%+39.5%+41.8%+23.1%
Return on capital employed+21.4%+27.3%+18.8%+15.6%+18.7%+27.8%+26.3%
Return on net worth+20.7%+28.1%+17.6%+14.4%+17.1%+26.3%+28.8%
Debt / equity0.010.020.020.030.030.070.18
Long-term debt / equity0.010.010.020.020.030.060.14
Interest cover0.671.683.534.101.902.152.24
Efficiency & per share
Fixed asset turnover2.392.141.882.687.095.989.24
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover331.37317.33202.16234.90584.10457.04567.87
EPS (₹)79.0091.7855.7192.8297.4192.2951.04
Dividend per share (₹)60.0050.0020.0020.002.0015.0010.00
Book value per share (₹)399.50364.18289.60673.17613.38531.3695.25
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue389376368368360346336337
Revenue growth (YoY)+8.0%+8.6%+9.7%+9.1%+8.6%+9.8%--
Other income(8.60)88.10(33.90)1328.0084.4014822.90
Total expenses233227234232245212203193
EBITDA156149135136115135133144
EBITDA margin+40.2%+39.7%+36.6%+37.0%+31.9%+38.9%+39.5%+42.7%
Depreciation2.602.603.203.603.603.505.005.10
Interest0.600.500.600.600.700.800.900.90
Profit before tax14523496.90264119215275161
Tax38.3058.2027.3058.0035.2048.8043.6036.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,4431,3201,139939751665624
Revenue growth+9.3%+15.9%+21.3%+25.1%+12.9%+6.7%-
Other income19128417011310885.1668.41
Total expenses923807805682439332458
Employee cost634553507399263199255
EBITDA520513334256312333166
EBITDA margin+36.1%+38.9%+29.3%+27.3%+41.6%+50.1%+26.6%
Depreciation13.8720.5224.5819.2711.9015.8720.92
Interest2.713.754.274.685.406.663.28
Profit before tax694773475345403396210
Tax16916611273.1192.8310963.78
Net profit525598362276310286152
Net profit margin+36.4%+45.3%+31.8%+29.4%+41.2%+43.0%+24.4%
EPS (₹)87.41101.2060.4289.01101.4194.5750.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital60.0860.0159.9530.5830.5530.3228.88
Reserves & surplus2,4822,2161,7102,0341,8621,586246
Shareholders' funds (net worth)2,5422,2761,7702,0641,8921,617274
Secured loans0.000.000.000.000.000.000.00
Unsecured loans23.1033.0440.6745.9156.2863.4276.51
Total debt23.1033.0440.6745.9156.2863.4276.51
Total liabilities3,3102,9342,3422,5492,3031,966647
Assets
Gross block134133131117105105116
Net block20.8833.2647.3853.1956.0364.9985.22
Capital work in progress0.000.000.500.180.180.180.18
Investments4,3263,9443,1993,2242,7452,267906
Inventories0.000.000.000.000.000.000.00
Sundry debtors1.121.681.351.581.331.251.10
Cash & bank balances77.3868.9481.3750.2872.5672.6119.77
Loans & advances30.4432.9127.4318.6359.8087.1220.94
Total current assets10910411070.4913416141.81
Total current liabilities1,2501,1251,009812647529472
Net working capital(1,141)(1,021)(898)(741)(513)(368)(430)
Total assets3,3102,9342,3422,5492,3031,966647
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash68.6881.1450.1145.2835.0112.9035.91
Net cash from operating activities668614545464407326264
Net cash from investing activities(347)(492)181(316)(339)(1,343)(236)
Net cash from financing activities(313)(135)(695)(143)(57.50)1,038(51.30)
Net change in cash8.38(12.46)31.034.8310.2722.10(23.01)
Closing cash77.3868.9481.3750.2872.5672.6119.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.3%+15.9%+21.3%+25.1%+12.9%+6.7%-
EBITDA growth+1.3%+53.8%+30.2%-17.9%-6.4%+101.1%-
PBT growth-10.2%+62.9%+37.5%-14.3%+1.7%+88.6%+353.1%
Net income growth-12.2%+65.4%+31.3%-11.0%+8.3%+88.2%-
Revenue CAGR (3Y)+15.4%+20.7%+19.6%+14.6%+14.7%+18.1%+26.4%
EBITDA CAGR (3Y)+26.6%+18.1%+0.1%+15.6%+179.3%--
Profitability & leverage
Net income margin+36.4%+46.0%+31.8%+29.0%+41.3%+43.1%+23.5%
Return on capital employed+22.3%+29.4%+19.6%+14.4%+19.1%+28.2%+26.1%
Return on net worth+21.8%+30.0%+18.9%+13.8%+17.7%+26.9%+28.7%
Debt / equity0.010.020.020.030.030.070.18
Long-term debt / equity0.010.010.020.020.030.060.14
Interest cover0.540.761.381.971.802.102.26
Efficiency & per share
Fixed asset turnover10.809.979.168.437.146.019.18
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover1,030.57871.33777.47645.24581.99566.00860.01
EPS (₹)87.41101.2060.4289.01101.4194.5750.63
Dividend per share (₹)60.0050.0020.0020.002.0015.0010.00
Book value per share (₹)423.03379.33295.31675.11619.30533.2695.06
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Frequently Asked Questions about Akshar Enterprises

Akshar Enterprises was founded in 2013.

Akshar Enterprises is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Akshar Enterprises has 3,256 employees.

The primary company behind Akshar Enterprises, Indiamart Intermesh Limited, reported revenue of ₹1,773 Cr for FY 2026, up 13% year on year.

Akshar Enterprises is a manufacturer and exporter based in Mumbai, India, specializing in a range of chemicals including industrial solvents, laboratory reagents, cosmetic ingredients, and food-grade substances. They operate as a wholesaler-distributor, supplying products like refined naphthalene powder and liquid benzene through business-to-business channels. The company focuses on quality production and distribution, serving various industrial clients with reliable chemical solutions.

Akshar Enterprises offers Refined Naphthalene Powder, Liquid Benzene Chemical, Pure Pine Oil, Castor Oil BSS/Commercial, and N N Dimethylformamid.

Yes, Akshar Enterprises is publicly traded on NSE under the ticker symbol INDIAMART.

Akshar Enterprises operates through Indiamart Intermesh Limited.

The legal entities of Akshar Enterprises currently have 9 directors, including Dinesh Chandra Agarwal, Brijesh Kumar Agrawal, Pallavi Dinodia Gupta and others.

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