About Indo Euro Indchem Limited
Data last updated: 06 January 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 Mumbai under CIN L24100MH1990PLC057190. 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 Rima Bandyopadhyay.
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 the financials filed for FY 2025, the company reported a revenue of ₹14.5 Cr, a growth of 25% compared to the previous year.
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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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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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
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 | ********* |
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 8 directors, with 9 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 |
|---|---|---|---|---|
|
Akshit Balwantrai Lakhani
Also directs:
Indo Euro Indchem Limited, Jmc Impex India Private Limited, Vap Logistics & Supply Chain Private Limited and 5 more
|
Whole-Time Director | 01 Mar 2011 | 15 Years 4 Months | Current |
| Rima Bandyopadhyay | Director | 21 Jul 2020 | 5 Years 11 Months | Current |
|
Vardhman Chhaganlal Shah
Also directs:
Jmc Enterprises Llp, Elite Paper Creations And Packagings Llp, Duremo Enterprise Llp and 4 more
|
Managing Director | 30 Sep 2008 | 17 Years 9 Months | Current |
| Vidhi Ankit Pala | Additional Director | 13 Nov 2025 | 0 Years 7 Months | Current |
|
Bhavik Ashokkumar Shah
Also directs:
Indo Euro Indchem Limited, Omnitex Industries (India) Limited, Gaekwar Mills Limited and 3 more
|
Director | 07 May 2024 | 2 Years 2 Months | Current |
|
Yash Manish Shah
Also directs:
Indo Euro Indchem Limited, 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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
Shareholding Pattern of Indo Euro Indchem Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 56.24%, domestic institutional investors hold 0.59%, retail and other public shareholders hold 43.17% of Indo Euro Indchem Limited. The company had 6,536 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 56.24% | 56.24% | 56.24% | 56.24% | 56.21% | 56.21% |
| Public | 43.76% | 43.76% | 43.76% | 43.76% | 43.79% | 43.79% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 56.24% | 56.21% | 56.21% |
| Public | 43.76% | 43.79% | 43.79% |
| Promoter change (YoY, %pts) | +0.03 | +0.00 | - |
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 Count & EPFO Data of Indo Euro Indchem Limited
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GST Compliance of Indo Euro Indchem Limited
GSTIN & GST Filing Data of Indo Euro Indchem Limited
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Credit Ratings, Litigation & Regulatory Alerts for Indo Euro Indchem Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Indo Euro Indchem Limited
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MSME Payment Delays by Indo Euro Indchem Limited
MSME Payment Delays by Indo Euro Indchem Limited
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Subsidiaries & Group Companies of Indo Euro Indchem Limited
Subsidiaries & Group Companies of Indo Euro Indchem Limited
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MCA Filings & Documents of Indo Euro Indchem Limited
MCA Filings & Documents of 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 ₹14.5 Cr for FY 2025 (up 25.00% YoY).
The current directors of Indo Euro Indchem Limited are:
- Akshit Balwantrai Lakhani
- Rima Bandyopadhyay
- Vardhman Chhaganlal Shah
- Raj Bhushan Mishra
- Vidhi Ankit Pala
- Vaibhav Vijaykumar Kadam
- Bhavik Ashokkumar Shah
- Yash Manish Shah
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.