About Indo Euro Indchem Limited
Data last updated: 14 July 2026
Indo Euro Indchem Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in chemical distribution and retail, a part of the broader chemicals and materials sector. Incorporated on 11 July 1990, the company has been in operation for over 36 years.
Registered with ROC Nagpur under CIN L24100MH1990PTC057190. Listed on BSE: 524458.
Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.03 Cr. Formerly known as Rinku Polychem Limited and Rinku Polychem Private Limited. It is led by directors including Akshit Balwantrai Lakhani and Vardhman Chhaganlal Shah.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Gopal Bhavan Iind Flr Bandari X Lane, Mumbai, Maharashtra, India.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹13.73 Cr, a decline of 1.14% compared to the previous year. The net worth stands at ₹11.76 Cr (up 2.8% YoY). Total assets are valued at ₹19.63 Cr (up 0.69% 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.
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.
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Registered AddressGopal Bhavan Iind Flr Bandari X Lane, Mumbai, Maharashtra, India
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IndustryChemicals and Materials, Chemical Distribution & Retail
- Historical Financials and ratios
- Shareholding pattern and group structure
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Name History of Indo Euro Indchem Limited
Indo Euro Indchem Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Indo Euro Indchem Limited | Current |
| Rinku Polychem Limited | Previous |
| Rinku Polychem Private Limited | Previous |
CIN History of Indo Euro Indchem Limited
Indo Euro Indchem Limited has one previous CIN (Corporate Identification Number): L24100MH1990PTC057190. The current CIN is L24100MH1990PLC057190, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24100MH1990PLC057190 | Current |
| L24100MH1990PTC057190 | Previous |
Associated Brands with Indo Euro Indchem Limited
Indo Euro Indchem Limited operates one associated brand: Indo Euro Ind Chem. These brands represent Indo Euro Indchem Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Specialty chemicals, poultry products, and base papers are supplied. | indoeuroindchem.com |
Business Activity of Indo Euro Indchem Limited
Indo Euro Indchem Limited is engaged in the principal business activity of trade, with detailed activities including retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details for Indo Euro Indchem Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Indo Euro Indchem Limited
Indo Euro Indchem Limited is audited by Vora & Associates (ICAI peer reviewed, certificate valid till 2027-09-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Vora & Associates (ICAI peer reviewed, certificate valid till 2027-09-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Indo Euro Indchem Limited
Indo Euro Indchem Limited is currently managed by 5 directors, with 10 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Akshit Balwantrai Lakhani
Also directs:
Jmc Impex India Private Limited, Vap Logistics & Supply Chain Private Limited, Avid Liv Healthcare Llp and 5 more
|
Whole-Time Director | 01 Mar 2011 | 15 Years 4 Months | Current |
|
Vardhman Chhaganlal Shah
Also directs:
Jmc Enterprises Llp, Elite Paper Creations And Packagings Llp, Duremo Enterprise Llp and 3 more
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Managing Director | 30 Sep 2008 | 17 Years 9 Months | Current |
|
Vidhi Ankit Pala
Also directs:
Ajwa Projects Limited
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Additional Director | 13 Nov 2025 | 0 Years 8 Months | Current |
|
Bhavik Ashokkumar Shah
Also directs:
Omnitex Industries (India) Limited, Gaekwar Mills Limited, Msl Global Limited and 2 more
|
Director | 07 May 2024 | 2 Years 2 Months | Current |
|
Yash Manish Shah
Also directs:
Yasman Recycle Private Limited
|
Director | 07 May 2024 | 2 Years 2 Months | Current |
Financials of Indo Euro Indchem Limited FY 2026 filings available
Indo Euro Indchem Limited reported revenue of ₹13.73 Cr (down 1.14% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹13.73 Cr | ₹13.89 Cr | ₹10.82 Cr | ₹10.08 Cr | ₹22.64 Cr | ₹7.61 Cr | ₹6.34 Cr | ₹81.08 Lakh |
| Other Income | ₹52.32 Lakh | ₹61.39 Lakh | ₹81.76 Lakh | ₹48.63 Lakh | ₹23.53 Lakh | ₹43.11 Lakh | ₹32.9 Lakh | ₹37.62 Lakh |
| Total Income | ₹14.25 Cr | ₹14.5 Cr | ₹11.64 Cr | ₹10.57 Cr | ₹22.88 Cr | ₹8.04 Cr | ₹6.66 Cr | ₹1.19 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹11.14 Cr | ₹7.53 Cr | ₹9.21 Cr | ₹6.73 Cr | ₹17.86 Cr | ₹6.04 Cr | ₹8.37 Cr | ₹46.71 Lakh |
| Changes in Inventories | -₹1.41 Cr | ₹2.48 Cr | -₹1.73 Cr | ₹1.64 Cr | ₹40.25 Lakh | -₹37.17 Lakh | -₹2.34 Cr | ₹26.81 Lakh |
| Employee Benefit Expense | ₹49.28 Lakh | ₹37.16 Lakh | ₹33.19 Lakh | ₹41.51 Lakh | ₹31.11 Lakh | ₹13.45 Lakh | ₹9.86 Lakh | ₹7.04 Lakh |
| Finance Costs | ₹3.08 Lakh | ₹42,000 | ₹7.17 Lakh | ₹2.24 Lakh | ₹1.42 Lakh | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹4.63 Lakh | ₹6.79 Lakh | ₹6.11 Lakh | ₹6.53 Lakh | ₹6.67 Lakh | ₹6.67 Lakh | ₹6.19 Lakh | ₹4.77 Lakh |
| Other Expenses | ₹3.53 Cr | ₹3.65 Cr | ₹3.57 Cr | ₹1.41 Cr | ₹3.5 Cr | ₹2.08 Cr | ₹42.87 Lakh | ₹26.56 Lakh |
| Total Expenses | ₹13.84 Cr | ₹14.1 Cr | ₹11.52 Cr | ₹10.27 Cr | ₹22.15 Cr | ₹7.95 Cr | ₹6.62 Cr | ₹1.12 Cr |
| Profit Before Exceptional Items & Tax | ₹41.6 Lakh | ₹39.63 Lakh | ₹12.24 Lakh | ₹29.7 Lakh | ₹72.21 Lakh | ₹9.37 Lakh | ₹4.4 Lakh | ₹6.81 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹41.6 Lakh | ₹39.63 Lakh | ₹12.24 Lakh | ₹29.7 Lakh | ₹72.21 Lakh | ₹9.37 Lakh | ₹4.4 Lakh | ₹6.81 Lakh |
| Total Tax Expense | ₹9.7 Lakh | ₹3.41 Lakh | ₹8.54 Lakh | ₹8.01 Lakh | ₹21.03 Lakh | ₹2.65 Lakh | ₹1.26 Lakh | ₹2.21 Lakh |
| Net Profit | ₹31.9 Lakh | ₹36.22 Lakh | ₹3.7 Lakh | ₹21.69 Lakh | ₹51.18 Lakh | ₹6.72 Lakh | ₹3.14 Lakh | ₹4.6 Lakh |
| Other Comprehensive Income | ₹0 | ₹38.31 Lakh | ₹37.49 Lakh | -₹12.33 Lakh | ₹24,500 | ₹20,000 | ₹90,000 | -₹22.31 Lakh |
| Total Comprehensive Income | ₹31.9 Lakh | ₹74.53 Lakh | ₹41.19 Lakh | ₹9.36 Lakh | ₹51.42 Lakh | ₹6.92 Lakh | ₹4.04 Lakh | -₹17.71 Lakh |
| EBITDA (computed) | ₹49.31 Lakh | ₹46.84 Lakh | ₹25.52 Lakh | ₹38.48 Lakh | ₹80.3 Lakh | ₹16.04 Lakh | ₹10.59 Lakh | ₹11.58 Lakh |
| Basic EPS | ₹0.35 | ₹0.40 | ₹0.46 | ₹0.10 | ₹0.57 | ₹0.08 | ₹0.04 | ₹-0.20 |
| Diluted EPS | ₹0.35 | ₹0.40 | ₹0.46 | ₹0.10 | ₹0.57 | ₹0.08 | ₹0.04 | ₹-0.20 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹19.63 Cr | ₹19.5 Cr | ₹16.32 Cr | ₹15.09 Cr | ₹16.33 Cr | ₹17.06 Cr | ₹16 Cr | ₹10.56 Cr |
| Non-current Assets | ₹13.97 Cr | ₹4.35 Cr | ₹3.55 Cr | ₹2.61 Cr | ₹4.66 Cr | ₹7.38 Cr | ₹7.67 Cr | ₹6.86 Cr |
| Current Assets | ₹5.67 Cr | ₹15.14 Cr | ₹12.77 Cr | ₹12.48 Cr | ₹11.68 Cr | ₹9.68 Cr | ₹8.33 Cr | ₹3.69 Cr |
| Property, Plant & Equipment | ₹8.3 Lakh | ₹17.58 Lakh | ₹23.33 Lakh | ₹29.18 Lakh | ₹34.58 Lakh | ₹41.26 Lakh | ₹47.93 Lakh | ₹37.98 Lakh |
| Inventories | ₹2.32 Cr | ₹90.76 Lakh | ₹3.39 Cr | ₹1.66 Cr | ₹3.3 Cr | ₹3.71 Cr | ₹3.33 Cr | ₹99.21 Lakh |
| Trade Receivables | ₹3.05 Cr | ₹13.86 Cr | ₹8.6 Cr | ₹7.57 Cr | ₹8.15 Cr | ₹5.66 Cr | ₹4.1 Cr | ₹2.33 Cr |
| Cash & Equivalents | ₹5.43 Lakh | ₹13.73 Lakh | ₹7.97 Lakh | ₹8.23 Lakh | ₹39.05 Lakh | ₹14.07 Lakh | ₹5.69 Lakh | ₹1.44 Lakh |
| Equity (Net Worth) | ₹11.76 Cr | ₹11.44 Cr | ₹10.7 Cr | ₹10.28 Cr | ₹10.19 Cr | ₹9.68 Cr | ₹9.61 Cr | ₹9.57 Cr |
| Equity Share Capital | ₹9.03 Cr | ₹9.03 Cr | ₹9.03 Cr | ₹9.03 Cr | ₹9.03 Cr | ₹9.03 Cr | ₹9.03 Cr | ₹9.03 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹47,000 | ₹3.13 Lakh | ₹5.56 Lakh | ₹7.77 Lakh | ₹9.78 Lakh | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 | ₹47,000 | ₹3.13 Lakh | ₹5.56 Lakh | ₹7.77 Lakh | ₹9.78 Lakh | ₹0 |
| Current Liabilities | ₹7.87 Cr | ₹8.06 Cr | ₹5.62 Cr | ₹4.76 Cr | ₹6.06 Cr | ₹7.27 Cr | ₹6.25 Cr | ₹93.7 Lakh |
| Total Liabilities | ₹7.87 Cr | ₹8.06 Cr | ₹5.63 Cr | ₹4.81 Cr | ₹6.14 Cr | ₹7.38 Cr | ₹6.4 Cr | ₹98.88 Lakh |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹9.07 Cr | ₹37.91 Lakh | ₹57.15 Lakh | -₹2.36 Cr | -₹1.78 Cr |
| Investing Cash Flow | -₹9.15 Cr | -₹31.7 Lakh | -₹54.74 Lakh | ₹2.07 Cr | ₹16.67 Lakh |
| Financing Cash Flow | ₹0 | -₹47,000 | -₹2.66 Lakh | -₹2.43 Lakh | ₹1.87 Cr |
| Capital Expenditure | ₹0 | ₹1.04 Lakh | ₹65.04 Lakh | ₹24.29 Lakh | ₹0 |
| Free Cash Flow (computed) | ₹9.07 Cr | ₹36.87 Lakh | -₹7.89 Lakh | -₹2.6 Cr | -₹1.78 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹8.31 Lakh | ₹5.74 Lakh | -₹25,000 | -₹30.84 Lakh | ₹24.99 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹8.12 Cr | ₹1.26 Cr | ₹2.81 Cr | ₹1.54 Cr | ₹3.82 Cr | ₹4.23 Cr | ₹91.24 Lakh | ₹4.93 Cr |
| Other Income | ₹11.51 Lakh | ₹10.68 Lakh | ₹14.8 Lakh | ₹15.34 Lakh | ₹14.76 Lakh | ₹12.94 Lakh | ₹20.14 Lakh | ₹13.56 Lakh |
| Total Income | ₹8.24 Cr | ₹1.36 Cr | ₹2.96 Cr | ₹1.69 Cr | ₹3.96 Cr | ₹4.36 Cr | ₹1.11 Cr | ₹5.07 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹6.65 Cr | ₹1.62 Cr | ₹1.11 Cr | ₹1.77 Cr | ₹2 Cr | ₹1.51 Cr | ₹69.51 Lakh | ₹3.32 Cr |
| Changes in Inventories | -₹65.62 Lakh | -₹62.39 Lakh | ₹49.07 Lakh | -₹61.65 Lakh | -₹30.05 Lakh | ₹1.4 Cr | ₹15.04 Lakh | ₹1.23 Cr |
| Employee Benefit Expense | ₹14.05 Lakh | ₹15.73 Lakh | ₹13.05 Lakh | ₹6.46 Lakh | ₹11.24 Lakh | ₹9.38 Lakh | ₹8.67 Lakh | ₹7.87 Lakh |
| Finance Costs | ₹3.08 Lakh | ₹0 | ₹0 | ₹0 | ₹7,000 | ₹7,000 | ₹25,000 | ₹3,000 |
| Depreciation & Amortisation | ₹3.3 Lakh | ₹29,000 | ₹56,000 | ₹6.44 Lakh | ₹1.73 Lakh | ₹1.69 Lakh | ₹1.69 Lakh | ₹1.69 Lakh |
| Other Expenses | ₹1.96 Cr | ₹19.74 Lakh | ₹1.1 Cr | ₹21.34 Lakh | ₹2.34 Cr | ₹1.04 Cr | ₹14.28 Lakh | ₹12.25 Lakh |
| Total Expenses | ₹8.16 Cr | ₹1.35 Cr | ₹2.84 Cr | ₹1.49 Cr | ₹4.17 Cr | ₹4.06 Cr | ₹1.09 Cr | ₹4.78 Cr |
| Profit Before Exceptional Items & Tax | ₹7.93 Lakh | ₹1.24 Lakh | ₹12.41 Lakh | ₹19.86 Lakh | -₹20.37 Lakh | ₹29.02 Lakh | ₹1.94 Lakh | ₹29.04 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹7.93 Lakh | ₹1.24 Lakh | ₹12.41 Lakh | ₹19.86 Lakh | -₹20.37 Lakh | ₹29.02 Lakh | ₹1.94 Lakh | ₹29.04 Lakh |
| Total Tax Expense | ₹1.7 Lakh | ₹30,000 | ₹3 Lakh | ₹5 Lakh | -₹12.59 Lakh | ₹8 Lakh | ₹50,000 | ₹7.5 Lakh |
| Net Profit | ₹6.23 Lakh | ₹94,000 | ₹9.41 Lakh | ₹14.86 Lakh | -₹7.78 Lakh | ₹21.02 Lakh | ₹1.44 Lakh | ₹21.54 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹38.31 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹6.23 Lakh | ₹94,000 | ₹9.41 Lakh | ₹14.86 Lakh | ₹30.53 Lakh | ₹21.02 Lakh | ₹1.44 Lakh | ₹21.54 Lakh |
| EBITDA (computed) | ₹14.31 Lakh | ₹1.53 Lakh | ₹12.97 Lakh | ₹26.3 Lakh | -₹18.57 Lakh | ₹30.78 Lakh | ₹3.88 Lakh | ₹30.76 Lakh |
| Basic EPS | ₹0.07 | ₹0.01 | ₹0.18 | ₹0.16 | ₹-0.09 | ₹0.23 | ₹0.02 | ₹0.24 |
| Diluted EPS | ₹0.07 | ₹0.01 | ₹0.18 | ₹0.16 | ₹-0.09 | ₹0.23 | ₹0.02 | ₹0.24 |
Charges & Borrowings of Indo Euro Indchem Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jul 2002 | Bank of Baroda | ₹45 Lakh | Satisfied |
| 28 Jun 2002 | Bank of Baroda | ₹45 Lakh | Satisfied |
| 02 Jun 2002 | Bank of Baroda | ₹45 Lakh | Satisfied |
| 30 Jun 1994 | The State Industrial & Investment Corporation of Maharashtra | ₹1.5 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Indo Euro Indchem Limited
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Employee and EPFO history for Indo Euro Indchem Limited
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GST Compliance of Indo Euro Indchem Limited
GST registrations and filing compliance for Indo Euro Indchem Limited
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Credit Ratings, Litigation & Regulatory Alerts for Indo Euro Indchem Limited
Credit ratings, litigation, and regulatory alerts for Indo Euro Indchem Limited
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MSME Payment Delays by Indo Euro Indchem Limited
MSME payment history for Indo Euro Indchem Limited
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Subsidiaries & Group Companies of Indo Euro Indchem Limited
Corporate group structure for Indo Euro Indchem Limited
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MCA Filings & Documents of Indo Euro Indchem Limited
MCA filings and documents for Indo Euro Indchem Limited
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Recent Activity on Indo Euro Indchem Limited
Frequently Asked Questions about Indo Euro Indchem Limited
Indo Euro Indchem Limited is an active public limited company in the chemicals and materials sector based in Mumbai, Maharashtra, India. It was incorporated on 11 July 1990 (36+ years old) and is registered under CIN L24100MH1990PLC057190. Listed on BSE: 524458.
Indo Euro Indchem Limited reported revenue of ₹13.73 Cr for FY 2026 (down 1.14% YoY) based on standalone BSE filings.
The current directors of Indo Euro Indchem Limited are:
- Akshit Balwantrai Lakhani - Whole-Time Director
- Vardhman Chhaganlal Shah - Managing Director
- Vidhi Ankit Pala - Additional Director
- Bhavik Ashokkumar Shah - Director
- Yash Manish Shah - Director
The primary industry of Indo Euro Indchem Limited is chemicals and materials. The company specifically operates in chemical distribution and retail. The company is currently active in this sector.
Yes. Indo Euro Indchem Limited is listed on BSE with code 524458.
Indo Euro Indchem Limited can be reached at the registered office: Gopal Bhavan Iind Flr Bandari X Lane, Mumbai, Maharashtra, India, or through the website indoeuroindchem.com.