
About Bodal Chemicals Limited
Data last updated:
Bodal Chemicals Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 24 September 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24110GJ1986PLC009003. Its GSTIN is 24AAACD5352M1ZN (Gujarat). The company holds 11 GST registrations, of which 10 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 524370 and NSE: BODALCHEM.
The company has an authorised share capital of ₹71.15 Cr and a paid-up capital of ₹25.19 Cr. It was formerly known as Dintex Dyechem Limited and Dintex Dye Chem Private Limited. It is led by directors including Sureshbhai Jayantibhai Patel (Managing Director) and Ankit Sureshbhai Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,012.24 Cr, a growth of 15.1% compared to the previous year. For the same year it recorded a net profit of ₹22.23 Cr (net margin 1.1%) and EBITDA of ₹161.16 Cr (EBITDA margin 8%). The net worth stands at ₹1,157.55 Cr (up 4.8% YoY). Total assets are valued at ₹1,971.75 Cr (down 2.2% YoY).
The company has about 1,906 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Bodal Chemicals. As per MCA filings, the company has open charges of ₹2,772.46 Cr and satisfied charges of ₹210.3 Cr on record. Court records list 50 cases involving the company, including 31 filed by the company and 19 filed against it; 11 cases are pending. The company has 40 deals on record (37 market trades, 2 acquisitions, 1 qip); the latest was in September 2026. Its 3 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (manufacture of chemicals and chemical products) are compared by revenue, 2 larger and 1 smaller; the largest is Gharda Chemicals Limited with revenue of ₹3,649.01 Cr. The company has 44 MSME Form 1 returns on record between 2017 and 2024, listing 6,858 overdue payments to 382 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bodal.com.
Company details
Name history
Bodal Chemicals has undergone 3 name changes throughout its history. The company was previously known as Dintex Dyechem Limited, Dintex Dye Chem Private Limited, and Dintex Dye Chem Limited. The current legal name is Bodal Chemicals Limited.
| Company Name | Status |
|---|---|
| Bodal Chemicals Limited | Current |
| Dintex Dyechem Limited | Previous |
| Dintex Dye Chem Private Limited | Previous |
| Dintex Dye Chem Limited | Previous |
CIN history
Bodal Chemicals has one previous CIN (Corporate Identification Number): U24110GJ1986PLC009003. The current CIN is L24110GJ1986PLC009003, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24110GJ1986PLC009003 | Current |
| U24110GJ1986PLC009003 | Previous |
Contact details
Bodal Chemicals Limited's registered office is in Ahmedabad, Gujarat. Its website is bodal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressBodal Corporate House Besides Maple Green Residency, Nr. Shilaj Ring Road Circle, Ahmedabad, Gujarat, India – 380059
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Bodal Chemicals Limited, buy the company report.
- 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
Brands
Bodal Chemicals operates one associated brand: Bodal Chemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified chemical preservatives are manufactured for industrial applications. | bodal.com |
Business activity
The main business activity of Bodal Chemicals is manufacturing. In detail, this covers manufacture of chemicals and chemical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products |
To see the full business activity and turnover split of Bodal Chemicals Limited, buy the company report.
Financials of Bodal Chemicals Limited
FY 2025-26 filings availableBodal Chemicals Limited reported revenue of ₹2,012.24 Cr (up 15.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,012 | 1,748 | 1,395 | 1,574 | 2,055 | 1,226 | 1,375 |
| Revenue growth | +15.1% | +25.4% | -11.4% | -23.4% | +67.6% | -10.8% | - |
| EBITDA | 161 | 161 | 94.67 | 133 | 201 | 86.58 | 138 |
| EBITDA margin | +8.0% | +9.2% | +6.8% | +8.5% | +9.8% | +7.1% | +10.0% |
| Profit before tax | 54.36 | 19.30 | 4.73 | 50.82 | 142 | 55.37 | 101 |
| Net profit | 22.23 | 27.46 | 12.21 | 37.27 | 117 | 42.02 | 87.33 |
| Net profit margin | +1.1% | +1.6% | +0.9% | +2.4% | +5.7% | +3.4% | +6.4% |
| EPS (₹) | 3.80 | 1.47 | 0.51 | 3.03 | 8.51 | 3.43 | 7.13 |
| Balance sheet | |||||||
| Total assets | 1,972 | 2,017 | 1,986 | 1,838 | 1,728 | 1,437 | 1,195 |
| Net worth | 1,158 | 1,105 | 1,082 | 1,078 | 1,052 | 975 | 931 |
| Total debt | 813 | 911 | 904 | 760 | 676 | 454 | 257 |
| Cash & bank | 21.29 | 36.06 | 33.24 | 18.68 | 15.15 | 16.29 | 19.51 |
| Net working capital | 635 | 632 | 562 | 628 | 788 | 608 | 520 |
| Cash flow | |||||||
| Cash from operations | 176 | 114 | 204 | 290 | (13.52) | (13.02) | 9.56 |
| Cash from investing | 8.81 | (40.80) | (278) | (315) | (170) | (168) | (78.79) |
| Cash from financing | (191) | (73.46) | 80.98 | 32.66 | 181 | 178 | 75.91 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 863 | 709 | 588 | 490 | 480 | 454 | 451 | 443 |
| Revenue growth (YoY) | +79.7% | +56.1% | +30.4% | +10.4% | +12.1% | +7.6% | - | - |
| Other income | 20.59 | 6.15 | 2.59 | 15.09 | 19.93 | 4.05 | 2.35 | 1.90 |
| EBITDA | 107 | 68.95 | 68.57 | 22.04 | 22.95 | 47.60 | 47.25 | 43.25 |
| EBITDA margin | +12.4% | +9.7% | +11.7% | +4.5% | +4.8% | +10.5% | +10.5% | +9.8% |
| Depreciation | 17.76 | 17.40 | 17.25 | 17.46 | 17.42 | 17.51 | 17.01 | 17.26 |
| Interest | 19.83 | 18.57 | 17.83 | 19.44 | 19.92 | 21.63 | 21.00 | 19.71 |
| Profit before tax | 90.00 | 39.13 | 36.08 | 0.23 | 5.54 | 12.51 | 11.59 | 8.18 |
| Tax | 8.55 | 8.75 | 4.01 | 0.00 | (0.44) | 2.99 | (2.91) | 2.76 |
| Net profit | 81.45 | 30.38 | 32.07 | 0.23 | 5.98 | 9.52 | 14.50 | 5.42 |
| EPS (₹) | 6.48 | 2.41 | 2.55 | 0.02 | 0.47 | 0.76 | 1.15 | 0.43 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,975 | 1,727 | 1,386 | 1,555 | 2,011 | 1,130 | 1,224 |
| Revenue growth | +14.4% | +24.5% | -10.9% | -22.7% | +78.0% | -7.7% | - |
| EBITDA | 168 | 168 | 108 | 121 | 224 | 82.87 | 132 |
| EBITDA margin | +8.5% | +9.8% | +7.8% | +7.8% | +11.2% | +7.3% | +10.8% |
| Profit before tax | 59.15 | 26.60 | 11.84 | 42.54 | 165 | 63.66 | 106 |
| Net profit | 10.96 | 20.36 | 1.49 | 30.43 | 121 | 48.39 | 90.27 |
| Net profit margin | +0.6% | +1.2% | +0.1% | +2.0% | +6.0% | +4.3% | +7.4% |
| EPS (₹) | 3.74 | 1.55 | 0.61 | 2.48 | 10.15 | 3.95 | 7.37 |
| Balance sheet | |||||||
| Total assets | 2,013 | 2,064 | 2,036 | 1,881 | 1,743 | 1,432 | 1,175 |
| Net worth | 1,199 | 1,152 | 1,133 | 1,126 | 1,103 | 993 | 937 |
| Total debt | 813 | 911 | 903 | 755 | 640 | 436 | 238 |
| Cash & bank | 11.98 | 26.38 | 27.82 | 6.65 | 9.65 | 10.43 | 17.52 |
| Net working capital | 604 | 602 | 530 | 583 | 718 | 499 | 410 |
| Cash flow | |||||||
| Cash from operations | 177 | 106 | 191 | 246 | 29.76 | (21.57) | 65.48 |
| Cash from investing | 7.55 | (39.36) | (266) | (315) | (194) | (171) | (146) |
| Cash from financing | (191) | (71.21) | 88.16 | 69.25 | 162 | 186 | 86.30 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 853 | 698 | 577 | 481 | 472 | 445 | 446 | 435 |
| Revenue growth (YoY) | +80.7% | +57.0% | +29.5% | +10.6% | +11.7% | +5.9% | - | - |
| Other income | 19.69 | 5.28 | 1.86 | 14.59 | 19.88 | 2.24 | 1.98 | 1.41 |
| Total expenses | 745 | 629 | 507 | 456 | 449 | 395 | 396 | 390 |
| EBITDA | 108 | 69.18 | 69.74 | 25.11 | 23.30 | 49.72 | 49.78 | 45.06 |
| EBITDA margin | +12.6% | +9.9% | +12.1% | +5.2% | +4.9% | +11.2% | +11.2% | +10.4% |
| Depreciation | 17.51 | 17.16 | 17.00 | 17.21 | 17.17 | 17.26 | 16.75 | 17.03 |
| Interest | 19.84 | 18.56 | 17.79 | 19.43 | 20.55 | 20.89 | 20.38 | 19.76 |
| Profit before tax | 90.10 | 38.74 | 36.81 | 3.06 | 5.46 | 13.81 | 14.63 | 9.68 |
| Tax | 9.63 | 9.96 | 6.28 | 1.08 | 1.26 | 3.47 | 4.04 | 2.40 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 863 | 709 | 588 | 490 | 480 | 454 | 451 | 443 |
| Revenue growth (YoY) | +79.7% | +56.1% | +30.4% | +10.4% | +12.1% | +7.6% | - | - |
| Other income | 20.59 | 6.15 | 2.59 | 15.09 | 19.93 | 4.05 | 2.35 | 1.90 |
| EBITDA | 107 | 68.95 | 68.57 | 22.04 | 22.95 | 47.60 | 47.25 | 43.25 |
| EBITDA margin | +12.4% | +9.7% | +11.7% | +4.5% | +4.8% | +10.5% | +10.5% | +9.8% |
| Depreciation | 17.76 | 17.40 | 17.25 | 17.46 | 17.42 | 17.51 | 17.01 | 17.26 |
| Interest | 19.83 | 18.57 | 17.83 | 19.44 | 19.92 | 21.63 | 21.00 | 19.71 |
| Profit before tax | 90.00 | 39.13 | 36.08 | 0.23 | 5.54 | 12.51 | 11.59 | 8.18 |
| Tax | 8.55 | 8.75 | 4.01 | 0.00 | (0.44) | 2.99 | (2.91) | 2.76 |
| Net profit | 81.45 | 30.38 | 32.07 | 0.23 | 5.98 | 9.52 | 14.50 | 5.42 |
| EPS (₹) | 6.48 | 2.41 | 2.55 | 0.02 | 0.47 | 0.76 | 1.15 | 0.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,012 | 1,748 | 1,395 | 1,574 | 2,055 | 1,226 | 1,375 |
| Revenue growth | +15.1% | +25.4% | -11.4% | -23.4% | +67.6% | -10.8% | - |
| Other income | 41.65 | 8.29 | 24.80 | 11.61 | 17.13 | 15.93 | 10.40 |
| Total expenses | 1,851 | 1,587 | 1,300 | 1,441 | 1,854 | 1,140 | 1,237 |
| Employee cost | 128 | 115 | 103 | 94.81 | 110 | 77.75 | 87.13 |
| EBITDA | 161 | 161 | 94.67 | 133 | 201 | 86.58 | 138 |
| EBITDA margin | +8.0% | +9.2% | +6.8% | +8.5% | +9.8% | +7.1% | +10.0% |
| Depreciation | 69.63 | 68.51 | 60.49 | 53.09 | 46.62 | 30.49 | 28.40 |
| Interest | 78.82 | 81.58 | 54.25 | 41.03 | 29.48 | 16.65 | 19.03 |
| Profit before tax | 54.36 | 19.30 | 4.73 | 50.82 | 142 | 55.37 | 101 |
| Tax | 6.55 | 0.81 | (1.74) | 12.80 | 43.39 | 15.62 | 14.60 |
| Net profit | 22.23 | 27.46 | 12.21 | 37.27 | 117 | 42.02 | 87.33 |
| Net profit margin | +1.1% | +1.6% | +0.9% | +2.4% | +5.7% | +3.4% | +6.4% |
| EPS (₹) | 3.80 | 1.47 | 0.51 | 3.03 | 8.51 | 3.43 | 7.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 25.19 | 25.19 | 25.16 | 25.13 | 24.50 | 24.47 | 24.47 |
| Reserves & surplus | 1,132 | 1,080 | 1,057 | 1,053 | 1,028 | 951 | 864 |
| Shareholders' funds (net worth) | 1,158 | 1,105 | 1,082 | 1,078 | 1,052 | 975 | 931 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.61 | 6.52 |
| Secured loans | 800 | 906 | 896 | 751 | 561 | 405 | 166 |
| Unsecured loans | 13.03 | 5.28 | 7.49 | 8.97 | 114 | 48.71 | 91.54 |
| Total debt | 813 | 911 | 904 | 760 | 676 | 454 | 257 |
| Total liabilities | 1,972 | 2,017 | 1,986 | 1,838 | 1,728 | 1,437 | 1,195 |
| Assets | |||||||
| Gross block | 1,632 | 1,647 | 1,590 | 1,187 | 985 | 917 | 749 |
| Net block | 1,239 | 1,301 | 1,314 | 967 | 817 | 797 | 656 |
| Capital work in progress | 66.86 | 60.77 | 67.74 | 193 | 69.53 | 14.45 | 6.86 |
| Investments | 0.12 | 0.21 | 13.22 | 0.19 | 0.27 | 6.44 | 3.19 |
| Inventories | 324 | 337 | 267 | 293 | 445 | 307 | 219 |
| Sundry debtors | 439 | 399 | 381 | 420 | 590 | 468 | 454 |
| Cash & bank balances | 21.29 | 36.06 | 33.24 | 18.68 | 15.15 | 16.29 | 19.51 |
| Loans & advances | 151 | 126 | 119 | 119 | 81.37 | 79.74 | 65.29 |
| Total current assets | 934 | 898 | 800 | 851 | 1,131 | 871 | 758 |
| Total current liabilities | 299 | 266 | 239 | 223 | 343 | 263 | 238 |
| Net working capital | 635 | 632 | 562 | 628 | 788 | 608 | 520 |
| Total assets | 1,972 | 2,017 | 1,986 | 1,838 | 1,728 | 1,437 | 1,195 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 23.44 | 23.92 | 16.80 | 9.30 | 11.91 | 14.47 | 7.79 |
| Net cash from operating activities | 176 | 114 | 204 | 290 | (13.52) | (13.02) | 9.56 |
| Net cash from investing activities | 8.81 | (40.80) | (278) | (315) | (170) | (168) | (78.79) |
| Net cash from financing activities | (191) | (73.46) | 80.98 | 32.66 | 181 | 178 | 75.91 |
| Net change in cash | (6.68) | (0.47) | 7.11 | 7.50 | (2.61) | (2.55) | 6.68 |
| Closing cash | 21.29 | 36.06 | 33.24 | 18.68 | 15.15 | 16.29 | 19.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +15.1% | +25.4% | -11.4% | -23.4% | +67.6% | -10.8% | - |
| EBITDA growth | +0.0% | +70.2% | -29.0% | -33.7% | +132.2% | -37.1% | - |
| PBT growth | +181.7% | +308.0% | -90.7% | -64.2% | +156.5% | -45.0% | -54.1% |
| Net income growth | -19.1% | +124.9% | -67.2% | -68.1% | +177.8% | -51.9% | - |
| Revenue CAGR (3Y) | +8.5% | -5.3% | +4.4% | +4.6% | +13.0% | +2.4% | +3.7% |
| EBITDA CAGR (3Y) | +6.5% | -7.1% | +3.0% | -1.1% | -5.2% | -23.6% | -15.2% |
| Profitability & leverage | |||||||
| Net income margin | +2.4% | +1.1% | +0.5% | +2.4% | +4.8% | +3.2% | +6.3% |
| Return on capital employed | +5.6% | +5.5% | +3.5% | +5.2% | +12.0% | +5.5% | +10.9% |
| Return on net worth | +2.0% | +2.5% | +1.1% | +3.6% | +11.0% | +4.2% | +9.8% |
| Debt / equity | 0.76 | 0.83 | 0.77 | 0.67 | 0.56 | 0.37 | 0.24 |
| Long-term debt / equity | 0.34 | 0.39 | 0.37 | 0.27 | 0.16 | 0.06 | 0.01 |
| Interest cover | 86.11 | 88.11 | 158.72 | 51.13 | 19.10 | 29.68 | 17.42 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.23 | 1.08 | 1.00 | 1.45 | 2.16 | 1.47 | 1.93 |
| Inventory turnover | 6.09 | 5.78 | 4.98 | 4.27 | 5.47 | 4.66 | 6.44 |
| Debtors turnover | 4.81 | 4.48 | 3.48 | 3.12 | 3.89 | 2.66 | 3.51 |
| EPS (₹) | 3.80 | 1.47 | 0.51 | 3.03 | 8.51 | 3.43 | 7.13 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.10 | 0.80 | 0.80 | 0.80 |
| Book value per share (₹) | 91.91 | 87.72 | 86.04 | 85.79 | 85.92 | 79.73 | 72.61 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 853 | 698 | 577 | 481 | 472 | 445 | 446 | 435 |
| Revenue growth (YoY) | +80.7% | +57.0% | +29.5% | +10.6% | +11.7% | +5.9% | - | - |
| Other income | 19.69 | 5.28 | 1.86 | 14.59 | 19.88 | 2.24 | 1.98 | 1.41 |
| Total expenses | 745 | 629 | 507 | 456 | 449 | 395 | 396 | 390 |
| EBITDA | 108 | 69.18 | 69.74 | 25.11 | 23.30 | 49.72 | 49.78 | 45.06 |
| EBITDA margin | +12.6% | +9.9% | +12.1% | +5.2% | +4.9% | +11.2% | +11.2% | +10.4% |
| Depreciation | 17.51 | 17.16 | 17.00 | 17.21 | 17.17 | 17.26 | 16.75 | 17.03 |
| Interest | 19.84 | 18.56 | 17.79 | 19.43 | 20.55 | 20.89 | 20.38 | 19.76 |
| Profit before tax | 90.10 | 38.74 | 36.81 | 3.06 | 5.46 | 13.81 | 14.63 | 9.68 |
| Tax | 9.63 | 9.96 | 6.28 | 1.08 | 1.26 | 3.47 | 4.04 | 2.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,975 | 1,727 | 1,386 | 1,555 | 2,011 | 1,130 | 1,224 |
| Revenue growth | +14.4% | +24.5% | -10.9% | -22.7% | +78.0% | -7.7% | - |
| Other income | 38.58 | 5.92 | 15.43 | 7.98 | 7.86 | 18.00 | 14.10 |
| Total expenses | 1,807 | 1,558 | 1,279 | 1,434 | 1,787 | 1,047 | 1,091 |
| Employee cost | 123 | 111 | 98.51 | 91.88 | 108 | 70.63 | 79.83 |
| EBITDA | 168 | 168 | 108 | 121 | 224 | 82.87 | 132 |
| EBITDA margin | +8.5% | +9.8% | +7.8% | +7.8% | +11.2% | +7.3% | +10.8% |
| Depreciation | 68.64 | 67.51 | 59.58 | 52.16 | 45.57 | 27.99 | 26.21 |
| Interest | 78.66 | 80.14 | 51.88 | 34.41 | 21.00 | 9.22 | 14.11 |
| Profit before tax | 59.15 | 26.60 | 11.84 | 42.54 | 165 | 63.66 | 106 |
| Tax | 12.09 | 7.02 | 4.11 | 11.41 | 41.19 | 15.35 | 15.89 |
| Net profit | 10.96 | 20.36 | 1.49 | 30.43 | 121 | 48.39 | 90.27 |
| Net profit margin | +0.6% | +1.2% | +0.1% | +2.0% | +6.0% | +4.3% | +7.4% |
| EPS (₹) | 3.74 | 1.55 | 0.61 | 2.48 | 10.15 | 3.95 | 7.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 25.19 | 25.19 | 25.16 | 25.13 | 24.50 | 24.47 | 24.47 |
| Reserves & surplus | 1,173 | 1,127 | 1,108 | 1,101 | 1,078 | 968 | 869 |
| Shareholders' funds (net worth) | 1,199 | 1,152 | 1,133 | 1,126 | 1,103 | 993 | 937 |
| Secured loans | 800 | 906 | 895 | 649 | 526 | 392 | 238 |
| Unsecured loans | 13.03 | 5.28 | 7.49 | 106 | 114 | 43.76 | 0.06 |
| Total debt | 813 | 911 | 903 | 755 | 640 | 436 | 238 |
| Total liabilities | 2,013 | 2,064 | 2,036 | 1,881 | 1,743 | 1,432 | 1,175 |
| Assets | |||||||
| Gross block | 1,615 | 1,630 | 1,575 | 1,172 | 969 | 873 | 699 |
| Net block | 1,229 | 1,291 | 1,302 | 955 | 804 | 760 | 613 |
| Capital work in progress | 66.86 | 60.77 | 67.74 | 193 | 69.53 | 4.49 | 0.81 |
| Investments | 101 | 101 | 113 | 100 | 99.06 | 44.16 | 40.54 |
| Inventories | 310 | 320 | 247 | 275 | 430 | 255 | 191 |
| Sundry debtors | 425 | 395 | 375 | 407 | 540 | 396 | 371 |
| Cash & bank balances | 11.98 | 26.38 | 27.82 | 6.65 | 9.65 | 10.43 | 17.52 |
| Loans & advances | 150 | 123 | 116 | 117 | 79.63 | 65.33 | 51.79 |
| Total current assets | 897 | 864 | 767 | 805 | 1,059 | 726 | 631 |
| Total current liabilities | 293 | 262 | 237 | 221 | 341 | 227 | 221 |
| Net working capital | 604 | 602 | 530 | 583 | 718 | 499 | 410 |
| Total assets | 2,013 | 2,064 | 2,036 | 1,881 | 1,743 | 1,432 | 1,175 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 13.76 | 18.50 | 4.77 | 3.80 | 6.06 | 12.48 | 6.65 |
| Net cash from operating activities | 177 | 106 | 191 | 246 | 29.76 | (21.57) | 65.48 |
| Net cash from investing activities | 7.55 | (39.36) | (266) | (315) | (194) | (171) | (146) |
| Net cash from financing activities | (191) | (71.21) | 88.16 | 69.25 | 162 | 186 | 86.30 |
| Net change in cash | (6.30) | (4.74) | 13.73 | 0.97 | (2.26) | (6.42) | 5.83 |
| Closing cash | 11.98 | 26.38 | 27.82 | 6.65 | 9.65 | 10.43 | 17.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.4% | +24.5% | -10.9% | -22.7% | +78.0% | -7.7% | - |
| EBITDA growth | -0.3% | +56.1% | -11.0% | -46.0% | +170.5% | -37.3% | - |
| PBT growth | +122.4% | +124.7% | -72.2% | -74.3% | +159.9% | -39.9% | -52.4% |
| Net income growth | -46.2% | +1266.4% | -95.1% | -74.8% | +149.5% | -46.4% | - |
| Revenue CAGR (3Y) | +8.3% | -5.0% | +7.1% | +8.3% | +13.4% | +0.3% | +1.2% |
| EBITDA CAGR (3Y) | +11.5% | -9.1% | +9.2% | -2.9% | -1.3% | -25.0% | -15.7% |
| Profitability & leverage | |||||||
| Net income margin | +2.4% | +1.1% | +0.6% | +2.0% | +6.2% | +4.3% | +7.4% |
| Return on capital employed | +5.4% | +5.2% | +2.8% | +4.3% | +11.7% | +5.6% | +11.2% |
| Return on net worth | +0.9% | +1.7% | +0.1% | +2.8% | +11.9% | +5.0% | +10.2% |
| Debt / equity | 0.73 | 0.79 | 0.73 | 0.63 | 0.51 | 0.35 | 0.21 |
| Long-term debt / equity | 0.32 | 0.38 | 0.36 | 0.26 | 0.15 | 0.06 | 0.00 |
| Interest cover | 79.27 | 79.49 | 107.43 | 49.89 | 11.76 | 16.80 | 13.31 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.22 | 1.08 | 1.01 | 1.45 | 2.18 | 1.44 | 1.91 |
| Inventory turnover | 6.27 | 6.09 | 5.31 | 4.41 | 5.88 | 5.08 | 6.51 |
| Debtors turnover | 4.82 | 4.48 | 3.54 | 3.28 | 4.30 | 2.95 | 3.70 |
| EPS (₹) | 3.74 | 1.55 | 0.61 | 2.48 | 10.15 | 3.95 | 7.37 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.10 | 0.80 | 0.80 | 0.80 |
| Book value per share (₹) | 95.17 | 91.45 | 90.05 | 89.67 | 90.05 | 81.15 | 73.06 |
To see the full year-wise statements and ratios of Bodal Chemicals Limited, buy the company report.
Board of directors of Bodal Chemicals Limited
Bodal Chemicals has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neha Sunil Huddar Also directs: Mitsu Chem Plast Limited, Godawari Power and Ispat Limited, Arkade Developers Ltd and 1 more | Director | 10 May 2017 | 9 Years 6 Months | Current |
| Nalin Kumar | Director | 13 Feb 2017 | 9 Years 8 Months | Current |
| Rajarshi Ghosh | Director | 27 May 2020 | 6 Years 5 Months | Current |
| Mayank Kulinchandra Mehta Also directs: Ladderup Finance Limited, Srei Capital Markets Limited | Director | 09 Feb 2021 | 5 Years 9 Months | Current |
| Rohit Bhoorchand Maloo | Director | 12 Dec 2022 | 3 Years 10 Months | Current |
| Ankit Sureshbhai Patel Also directs: Bodal Chemicals Trading Private Limited | Whole-Time Director | 30 Sep 2008 | 18 Years 1 Months | Current |
Peer comparison
Bodal Chemicals Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), with the same principal business activity (manufacture of chemicals and chemical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gharda Chemicals Limited | ₹3,649.01 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Sudarshan Chemical Industries Limited | ₹3,378.99 Cr (FY 2025) | 32.0% | Pune, Maharashtra, India | |||
| Bodal Chemicals Limitedthis company | ₹2,012.24 Cr (FY 2026) | ₹22.23 Cr | 1.1% | 15.1% | 1,906 | Ahmedabad, Gujarat, India |
| Krishana Phoschem Limited | ₹1,368.17 Cr (FY 2025) | 48.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of Bodal Chemicals Limited, buy the company report.
Auditor
Bodal Chemicals Limited is audited by NARESH J PATEL & CO for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARESH J PATEL & CO | FY 2025 | 123227W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 57.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 43.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 57.00% | 57.00% | 57.00% | 57.00% |
| Public | 43.00% | 43.00% | 43.00% | 43.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2026 | 101237209 | Others | ₹75 Cr | Open | |
| 27 Jun 2025 | 101114733 | Yes Bank Limited | ₹70 Cr | Open | |
| 19 Mar 2025 | 101064860 | Others | ₹85 Cr | Open | |
| 23 Sep 2024 | 100985246 | Others | ₹135 Cr | Open | |
| 04 Apr 2022 | 100562499 | Indian Bank | ₹217 Cr | Open |
To see the full charge records of Bodal Chemicals Limited, buy the company report.
Total charge records: 45 View all charges
Deals & funding
Bodal Chemicals Limited has 40 deals on record (37 market trades, 2 acquisitions, 1 qip); the latest was in September 2026.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹17.21 Cr | Buyer: Neo Apex Share Broking Services LLP Seller: Neo Apex Share Broking Services LLP |
| Sep 2026 | Market trade | ₹12.58 Cr | Buyer: Neo Apex Share Broking Services LLP Seller: Neo Apex Share Broking Services LLP |
| Sep 2026 | Market trade | ₹62 Cr | Buyer: Microcurves Trading Private Limited , Junomoneta Finsol Private Limited , NK Securities Research Private Limited Seller: Microcurves Trading Private Limited , Junomoneta Finsol Private Limited , NK Securities Research Private Limited |
| Jul 2024 | Market trade | ₹6.66 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Mar 2024 | Market trade | ₹6.76 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Bodal Chemicals Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bodal Chemicals Limited has 50 court cases on record: 31 filed by Bodal Chemicals, 19 filed against it. 11 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 8 | 10 |
| District courts | 18 | 10 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Shyam Indofab Pvt Ltd and 3 others | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against M/S Himadri Chemicals and Industries Ltd and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Ms.Acme Adsorbent Minerals Pvt.Ltd. and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Rangodadhi Chemicals Pvt.Ltd. and 4 others | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India and 1 other | Pending |
To see the full case history of Bodal Chemicals Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Bodal Chemicals Limited was last rated by Indiarating on 28 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 28 Jul 2022 |
To see the full credit ratings and regulatory alerts of Bodal Chemicals Limited, buy the company report.
MSME payment delays
Bodal Chemicals Limited has 44 MSME Form 1 returns on record between 2017 and 2024, listing 6,858 overdue payments to 382 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 382)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ushanti Colour Chem Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Sahjanand Color Chem |
To see the full MSME payment records of Bodal Chemicals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Bodal Chemicals has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bodal Chemicals Trading Private Limited | U51597GJ2018PTC105513 |
To see the full group structure of Bodal Chemicals Limited, buy the company report.
Employees & EPFO
Bodal Chemicals Limited has a workforce of 1,906 employees on its EPFO records as of May 2026, across 14 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,906 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Bodal Chemicals Limited, buy the company report.
GST
Bodal Chemicals has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD5352M1ZN | Gujarat | Active | 01 Jul 2017 |
| 24AAACD5352M2ZM | Gujarat | Active | 18 Aug 2017 |
| 03AAACD5352M1ZR | Punjab | Active | 01 Jul 2017 |
| 33AAACD5352M1ZO | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bodal Chemicals Limited, buy the company report.
Recent activity
Bodal Chemicals Limited has 30 board changes on record since 2006: 19 appointments and 11 cessations. The latest: Rohit Bhoorchand Maloo was appointed as Director on 12 Dec 2022.
108 earlier events are in the company report.
News
Frequently asked questions
Bodal Chemicals is an active public limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 24 September 1986 (40+ years old) and is registered under CIN L24110GJ1986PLC009003. Listed on BSE: 524370 and NSE: BODALCHEM.
Bodal Chemicals reported revenue of ₹2,012.24 Cr for FY 2025-26 (up 15.1% YoY) based on consolidated financials.
Bodal Chemicals has 8 current directors:
- Sureshbhai Jayantibhai Patel - Managing Director
- Ankit Sureshbhai Patel - Whole-Time Director
- Bhavin Suresh Patel - Whole-Time Director
- Neha Sunil Huddar - Director
- Nalin Kumar - Director
- Rajarshi Ghosh - Director
- Mayank Kulinchandra Mehta - Director
- Rohit Bhoorchand Maloo - Director
The latest financial statements of Bodal Chemicals on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bodal Chemicals is 24AAACD5352M1ZN, registered in Gujarat. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACD5352M2ZM (Gujarat), 03AAACD5352M1ZR (Punjab), 33AAACD5352M1ZO (Tamil Nadu).
The CIN (Corporate Identification Number) of Bodal Chemicals is L24110GJ1986PLC009003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bodal Chemicals is a listed company as per MCA records. Its shares are listed on both BSE (code: 524370) and NSE (symbol: BODALCHEM).
Bodal Chemicals has 50 court cases on record: 31 filed by the company and 19 filed against it. 11 are pending. Most are in the high courts.
Bodal Chemicals was incorporated on 24 September 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bodal Chemicals has 40 deals on record (37 market trades, 2 acquisitions, 1 qip); the latest was in September 2026.
The peers of Bodal Chemicals by revenue are Gharda Chemicals Limited, Sudarshan Chemical Industries Limited, Krishana Phoschem Limited, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (manufacture of chemicals and chemical products).
Rohit Bhoorchand Maloo was appointed as Director on 12 Dec 2022. Sunil Kanaiyalal Mehta ceased to be Director on 12 Dec 2022. Mayank Kulinchandra Mehta was appointed as Director on 09 Feb 2021. Bodal Chemicals has 30 board changes on record in total.

