Indo Euro Indchem Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L24100MH1990PLC057190 Incorporated 11 July 1990 ROC Nagpur HQ Mumbai, Maharashtra, India
Active Listed - BSE: 524458 Public Limited Company chemicals and materials MSME · Small
Market Cap
₹8.04 Cr
INDOEURO · BSE
Share Price
₹8.30
-6.53% today
Revenue
₹13.73 Cr
FY 2025-26 · -1.2% YoY
EBITDA
−₹0.03 Cr
Margin -0.2%
Net Profit
₹0.31 Cr
FY 2025-26 · -53.0% YoY
P/E (TTM)
23.8x
P/B 0.6x
ROE
2.8%
ROCE 3.9%
Authorised capital
₹10 Cr
Registered with MCA

About Indo Euro Indchem Limited

Data last updated:

Indo Euro Indchem Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 11 July 1990 and has been in existence for over 36 years.

The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN L24100MH1990PLC057190. Its GSTIN is 27AAACR0496A1ZP (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 524458.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.03 Cr. It was formerly known as Rinku Polychem Limited and Rinku Polychem Private Limited. It is led by directors including Vardhman Chhaganlal Shah (Managing Director) and Akshit Balwantrai Lakhani (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Gopal Bhavan Iind Flr Bandari X Lane, Mumbai, Maharashtra, India.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹13.73 Cr, a decline of 1.2% compared to the previous year. For the same year it recorded a net profit of ₹31 Lakh (net margin 2.3%) and EBITDA of -₹3 Lakh (EBITDA margin -0.2%). The net worth stands at ₹11.76 Cr (up 2.8% YoY). Total assets are valued at ₹11.76 Cr (up 2.8% YoY).

The company is associated with 1 brand: Indo Euro Ind Chem. As per MCA filings, the company has satisfied charges of ₹2.85 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 2 cases are pending. The company has 14 deals on record (14 market trades); the latest was in March 2025.

Indo Euro Indchem Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0124253). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indoeuroindchem.com.

Company details

CIN L24100MH1990PLC057190
Registration Number 057190
Incorporation Date 11 July 1990
ROC Nagpur
Listing Status Listed - Listed on BSE (524458)
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0124253

Name history

Indo Euro Indchem has undergone 2 name changes throughout its history. The company was previously known as Rinku Polychem Limited, and Rinku Polychem Private Limited. The current legal name is Indo Euro Indchem Limited.

Company NameStatus
Indo Euro Indchem LimitedCurrent
Rinku Polychem LimitedPrevious
Rinku Polychem Private LimitedPrevious

CIN history

Indo Euro Indchem has one previous CIN (Corporate Identification Number): L24100MH1990PTC057190. The current CIN is L24100MH1990PLC057190, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24100MH1990PLC057190Current
L24100MH1990PTC057190Previous

Recognitions & Rankings of Indo Euro Indchem

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-18-0124253

Contact details

Indo Euro Indchem Limited's registered office is in Mumbai, Maharashtra. Its website is indoeuroindchem.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Gopal Bhavan Iind Flr Bandari X Lane, Mumbai, Maharashtra, India
  • Industry
    Chemicals and Materials, Chemical Distribution & Retail

To see the full contact details of Indo Euro Indchem Limited, buy the company report.

Comprehensive company report
Indo Euro Indchem Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Indo Euro Indchem operates one associated brand: Indo Euro Ind Chem. Each brand links to its own profile.

BrandDescriptionWebsite
Specialty chemicals, poultry products, and base papers are supplied.indoeuroindchem.com

Business activity

The main business activity of Indo Euro Indchem is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Indo Euro Indchem Limited, buy the company report.

Financials of Indo Euro Indchem Limited

FY 2025-26 filings available

Indo Euro Indchem Limited reported revenue of ₹13.73 Cr (down 1.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹13.73 Cr
-1.2% YoY
EBITDA
−₹0.03 Cr
+78.6% YoY
Profit After Tax
₹0.31 Cr
-53.0% YoY
Net Worth
₹11.76 Cr
+2.8% YoY
Total Assets
₹11.76 Cr
+2.8% YoY
Total Debt
Nil

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
Revenue13.7313.8910.8210.0822.647.616.34
Revenue growth-1.2%+28.4%+7.3%-55.5%+197.5%+20.0%-
EBITDA(0.03)(0.14)(0.56)(0.11)0.57(0.27)(0.21)
EBITDA margin-0.2%-1.0%-5.2%-1.1%+2.5%-3.6%-3.3%
Profit before tax0.410.400.130.290.720.080.05
Net profit0.310.660.090.210.510.050.04
Net profit margin+2.3%+4.8%+0.8%+2.1%+2.3%+0.7%+0.6%
EPS (₹)0.350.400.040.240.570.070.03
Balance sheet
Total assets11.7611.4410.7010.3210.259.759.70
Net worth11.7611.4410.6910.2810.199.679.60
Total debt0.000.000.000.030.060.080.10
Cash & bank0.050.140.080.080.390.140.06
Net working capital(2.26)7.107.057.655.612.372.01
Cash flow
Cash from operations9.070.380.57(2.36)(1.78)(1.20)0.57
Cash from investing(9.15)(0.32)(0.55)2.072.030.00(0.16)
Cash from financing0.000.00(0.03)(0.02)0.001.28(0.37)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue5.154.058.121.262.811.543.824.23
Revenue growth (YoY)+83.3%+163.0%+112.6%-70.2%+208.8%-68.8%--
Other income0.110.100.120.110.150.150.150.13
Total expenses5.083.998.091.352.831.434.154.05
EBITDA0.070.060.03(0.09)(0.02)0.11(0.33)0.18
EBITDA margin+1.4%+1.5%+0.4%-7.1%-0.7%+7.1%-8.6%+4.3%
Depreciation0.010.010.030.000.010.060.020.02
Interest0.000.000.030.000.000.000.000.00
Profit before tax0.170.150.090.020.120.20(0.20)0.29
Tax0.040.040.020.000.030.05(0.13)0.08

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue5.154.058.121.262.811.543.824.23
Revenue growth (YoY)+83.3%+163.0%+112.6%-70.2%+208.8%-68.8%--
Other income0.110.100.120.110.150.150.150.13
Total expenses5.083.998.091.352.831.434.154.05
EBITDA0.070.060.03(0.09)(0.02)0.11(0.33)0.18
EBITDA margin+1.4%+1.5%+0.4%-7.1%-0.7%+7.1%-8.6%+4.3%
Depreciation0.010.010.030.000.010.060.020.02
Interest0.000.000.030.000.000.000.000.00
Profit before tax0.170.150.090.020.120.20(0.20)0.29
Tax0.040.040.020.000.030.05(0.13)0.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue13.7313.8910.8210.0822.647.616.34
Revenue growth-1.2%+28.4%+7.3%-55.5%+197.5%+20.0%-
Other income0.520.610.820.490.240.430.33
Total expenses13.7614.0311.3810.1922.077.886.55
Employee cost0.310.250.210.300.180.130.09
EBITDA(0.03)(0.14)(0.56)(0.11)0.57(0.27)(0.21)
EBITDA margin-0.2%-1.0%-5.2%-1.1%+2.5%-3.6%-3.3%
Depreciation0.050.070.060.070.070.070.06
Interest0.030.000.070.020.020.010.01
Profit before tax0.410.400.130.290.720.080.05
Tax0.100.030.090.080.210.030.01
Net profit0.310.660.090.210.510.050.04
Net profit margin+2.3%+4.8%+0.8%+2.1%+2.3%+0.7%+0.6%
EPS (₹)0.350.400.040.240.570.070.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital9.039.039.039.039.039.039.03
Reserves & surplus2.732.411.661.251.160.640.57
Shareholders' funds (net worth)11.7611.4410.6910.2810.199.679.60
Secured loans0.000.000.000.030.060.080.10
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.000.000.030.060.080.10
Total liabilities11.7611.4410.7010.3210.259.759.70
Assets
Gross block1.781.941.931.931.921.921.92
Net block0.080.170.230.290.350.410.48
Capital work in progress1.691.690.740.230.000.000.00
Investments0.000.000.090.170.290.290.29
Inventories2.320.913.391.663.303.713.33
Sundry debtors3.0513.868.607.578.155.664.10
Cash & bank balances0.050.140.080.080.390.140.06
Loans & advances0.190.250.593.100.040.120.57
Total current assets5.6115.1612.6612.4111.889.638.06
Total current liabilities7.878.065.614.766.277.266.05
Net working capital(2.26)7.107.057.655.612.372.01
Total assets11.7611.4410.7010.3210.259.759.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.140.080.080.390.140.060.01
Net cash from operating activities9.070.380.57(2.36)(1.78)(1.20)0.57
Net cash from investing activities(9.15)(0.32)(0.55)2.072.030.00(0.16)
Net cash from financing activities0.000.00(0.03)(0.02)0.001.28(0.37)
Net change in cash(0.08)0.060.00(0.31)0.250.080.04
Closing cash0.050.140.080.080.390.140.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.2%+28.4%+7.3%-55.5%+197.5%+20.0%-
EBITDA growth+78.6%+75.0%-409.1%-119.3%+311.1%-28.6%-
PBT growth+2.5%+207.7%-55.2%-59.7%+800.0%+60.0%-16.7%
Net income growth-53.0%+633.3%-57.1%-58.8%+920.0%+25.0%-
Revenue CAGR (3Y)+10.9%-15.0%+12.5%+16.7%+203.5%-0.2%+27.1%
EBITDA CAGR (3Y)-35.2%-+27.5%-19.4%-+8.7%+28.1%
Profitability & leverage
Net income margin+2.3%+2.7%+0.4%+2.1%+2.3%+0.7%+0.6%
Return on capital employed+3.9%+7.1%+3.9%+3.1%+7.4%+1.1%+0.5%
Return on net worth+2.8%+5.9%+0.9%+2.2%+5.1%+0.7%+0.3%
Debt / equity0.000.000.000.000.010.010.01
Long-term debt / equity0.000.000.000.000.010.010.01
Interest cover-37.500.00-11.29-11.114.00-2.94-3.70
Efficiency & per share
Fixed asset turnover7.387.185.615.2411.793.963.45
Inventory turnover8.506.464.294.066.462.162.94
Debtors turnover1.621.241.341.283.281.561.97
EPS (₹)0.350.400.040.240.570.070.03
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)13.0212.6611.8411.3811.2810.7110.63

To see the full year-wise statements and ratios of Indo Euro Indchem Limited, buy the company report.

Board of directors of Indo Euro Indchem Limited

Indo Euro Indchem has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Akshit Balwantrai LakhaniWhole-Time Director01 Mar 201115 Years 8 MonthsCurrent
Vardhman Chhaganlal ShahManaging Director30 Sep 200818 Years 1 MonthsCurrent
Vidhi Ankit PalaAdditional Director13 Nov 20251 Years 0 MonthsCurrent
Bhavik Ashokkumar ShahDirector07 May 20242 Years 6 MonthsCurrent
Yash Manish ShahDirector07 May 20242 Years 6 MonthsCurrent

Auditor

Indo Euro Indchem Limited is audited by VORA & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
VORA & ASSOCIATESFY 2023111612W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 56.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.60% and retail and other public shareholders hold 43.20%.

Promoters: 56.20%DII (Domestic Institutional): 0.60%Retail & Others: 43.20%
Mar 2026
QUARTER
56.20% Promoters
0.60% DII (Domestic Institutional)
43.20% Retail & Others
Promoter holding - history
Now 56.20% · Mar 2026High 56.20% · Jun 2025Low 56.20% · Jun 2025
55%55.8%56.5%57.3%58%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 56.20%Sep 2025: 56.20%Dec 2025: 56.20%Mar 2026: 56.20%56.20%56.20%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters56.20%56.20%56.20%56.20%
Public43.80%43.80%43.80%43.80%

Charges & borrowings

Open charges
None
Satisfied charges
₹2.85 Cr
Breakdown by lending institutions
The State Industrial & Investment Corporation of Maharashtra₹1.50 Cr
Bank of Baroda₹1.35 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
02 Jul 200290356289Bank of Baroda₹45 LakhSatisfied
28 Jun 200290355689Bank of Baroda₹45 LakhSatisfied
02 Jun 200290357644Bank of Baroda₹45 LakhSatisfied
30 Jun 199490357784The State Industrial & Investment Corporation of Maharashtra₹1.5 CrSatisfied

To see the full charge records of Indo Euro Indchem Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

Indo Euro Indchem Limited has 14 deals on record (14 market trades); the latest was in March 2025.

Total deals
14
Market trades
14

Deals on record (5 of 14)

WhenDealAmountParties
Mar 2025Market trade₹9.2 LakhBuyer: an individual
Seller: 2 individuals
Jul 2023Market trade₹17.7 LakhSeller: an individual
Jul 2023Market trade₹18 LakhSeller: an individual
Apr 2023Market trade₹30 LakhBuyer: an individual
Seller: an individual
Apr 2023Market trade₹37.1 LakhBuyer: an individual
Seller: an individual

To see the full deal history of Indo Euro Indchem Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Indo Euro Indchem Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Indo Euro Indchem has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACR0496A1ZPMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Indo Euro Indchem Limited, buy the company report.

Recent activity

Indo Euro Indchem Limited has 20 board changes on record since 1990: 13 appointments and 7 cessations. The latest: Vidhi Ankit Pala was appointed as Additional Director on 13 Nov 2025.

Filing
Indo Euro Indchem Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Nagpur.
Appointed
Vidhi Ankit Pala was appointed as Additional Director.
AGM
Indo Euro Indchem Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Varsha Saurabh Bansal ceased to be Company Secretary.
Appointed
Bhavik Ashokkumar Shah was appointed as Director.
Appointed
Yash Manish Shah was appointed as Director.
Ceased
Dipakkumar Prataprai Pandya ceased to be Director.
Ceased
Paresh Maganlal Valani ceased to be Director.
Appointed
Varsha Saurabh Bansal was appointed as Company Secretary.
Ceased
Sweta Shrenik Jain ceased to be Company Secretary.
Appointed
Sweta Shrenik Jain was appointed as Company Secretary.
Appointed
Rima Bandyopadhyay was appointed as Director.

21 earlier events are in the company report.

Frequently asked questions

Indo Euro Indchem is an active public limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 11 July 1990 (36+ years old) and is registered under CIN L24100MH1990PLC057190. Listed on BSE: 524458.

Indo Euro Indchem reported revenue of ₹13.73 Cr for FY 2025-26 (down 1.2% YoY) based on standalone financials.

Indo Euro Indchem has 5 current directors:

The latest financial statements of Indo Euro Indchem on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Indo Euro Indchem is 27AAACR0496A1ZP, registered in Maharashtra.

The CIN (Corporate Identification Number) of Indo Euro Indchem is L24100MH1990PLC057190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Indo Euro Indchem is a listed company as per MCA records. Its shares are listed on BSE (code: 524458).

Indo Euro Indchem has 9 court cases on record: 3 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.

Indo Euro Indchem was incorporated on 11 July 1990, making it 36+ years old. It is registered with the Registrar of Companies, Nagpur.

Indo Euro Indchem has 14 deals on record (14 market trades); the latest was in March 2025.