Indian Toners & Developers (BSE 523586)₹45.10−4.55%Specialty Chemicals
In the Jun 2026 quarter (standalone), Indian Toners & Developers reported sales of ₹36.19 Cr, down 7.4% from Jun 2025, and net profit of ₹6.09 Cr, down 22.4% year on year. For the year to Mar 2026, sales were ₹166 Cr and net profit ₹27.01 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39.78 | 37.06 | 42.80 | 35.33 | 37.69 | 39.28 | 40.67 | 39.07 | 38.84 | 42.12 | 45.71 | 36.19 |
| Expenses | 31.19 | 29.12 | 33.76 | 27.53 | 29.87 | 30.62 | 31.99 | 30.46 | 31.58 | 33.42 | 35.53 | 29.33 |
| Operating Profit | 8.60 | 7.98 | 9.03 | 7.81 | 7.83 | 8.69 | 8.73 | 8.66 | 7.29 | 8.72 | 10.20 | 6.86 |
| OPM % | 21.5% | 21.5% | 21.1% | 22.1% | 20.7% | 22.1% | 21.4% | 22.1% | 18.7% | 20.6% | 22.3% | 18.9% |
| Other Income | 1.11 | 1.37 | 1.93 | 1.36 | 1.87 | 1.30 | 1.54 | 1.57 | 1.23 | 1.14 | 1.34 | 2.49 |
| Interest | 0.06 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 |
| Depreciation | 1.33 | 1.44 | 1.42 | 1.59 | 1.34 | 1.34 | 1.19 | 1.32 | 1.35 | 1.32 | 1.31 | 1.35 |
| Profit before tax | 8.31 | 7.84 | 9.47 | 7.52 | 8.30 | 8.59 | 9.02 | 8.84 | 7.12 | 8.48 | 10.17 | 7.95 |
| Tax % | 39.9% | 28.4% | 9.3% | 49.5% | 33.9% | 25.2% | 26.1% | 11.5% | 24.7% | 25.0% | 25.2% | 23.5% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.28 | 0.00 | 0.00 |
| Net Profit | 5.00 | 5.63 | 8.61 | 3.80 | 5.50 | 6.42 | 6.68 | 7.85 | 5.39 | 6.38 | 7.63 | 6.09 |
| EPS (Rs) | 0.91 | 1.03 | 1.58 | 0.69 | 1.05 | 1.23 | 1.28 | 1.50 | 1.02 | 1.22 | 1.46 | 1.16 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34.98 | 115 | 112 | 115 | 90.95 | 87.98 | 122 | 159 | 163 | 153 | 166 | 163 |
| Expenses | 28.99 | 87.03 | 83.96 | 91.91 | 77.96 | 72.94 | 98.98 | 124 | 129 | 120 | 131 | 130 |
| Operating Profit | 6.01 | 28.02 | 28.03 | 24.02 | 13.01 | 16.02 | 24.02 | 35.04 | 34.02 | 33.04 | 35.05 | 33.07 |
| OPM % | 17.0% | 24.0% | 25.0% | 21.0% | 14.0% | 18.0% | 19.0% | 22.0% | 21.0% | 22.0% | 21.0% | 20.3% |
| Other Income | 2.99 | 6.99 | 6.99 | 5.99 | 6.99 | 7.99 | 3.99 | 3.99 | 5.99 | 5.99 | 4.99 | 6.20 |
| Interest | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.20 |
| Depreciation | 1.01 | 3.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 5.02 | 5.02 | 5.02 | 5.33 |
| Profit before tax | 6.98 | 29.93 | 29.94 | 24.93 | 14.95 | 18.96 | 22.92 | 33.91 | 33.92 | 33.93 | 34.88 | 33.72 |
| Tax % | 19.1% | 22.0% | 19.0% | 19.0% | 17.0% | 28.0% | 19.0% | 23.0% | 23.0% | 33.1% | 22.0% | — |
| Exceptional items | 0.16 | 2.91 | 0.03 | −0.13 | 0.55 | −0.07 | 0.18 | 0.00 | −0.05 | 0.28 | −0.22 | −0.28 |
| Net Profit | 5.99 | 23.99 | 23.97 | 20.01 | 12.01 | 13.99 | 18.99 | 25.98 | 25.99 | 21.99 | 27.01 | 25.49 |
| EPS (Rs) | 1.45 | 5.84 | 3.67 | 3.09 | 1.84 | 2.49 | 3.48 | 4.83 | 4.79 | 4.31 | 5.22 | 4.86 |
| Dividend payout % | 0.0% | 0.0% | 16.0% | 19.0% | 32.0% | 24.0% | 17.0% | 14.0% | 19.0% | 21.0% | 23.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.97 | 7.97 | 7.97 | 12.96 | 12.96 | 12.95 | 10.96 | 10.96 | 10.96 | 10.96 | 9.97 | 9.96 |
| Reserves | 44.98 | 50.99 | 131 | 151 | 167 | 171 | 150 | 155 | 177 | 199 | 191 | 222 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 7.96 | 8.96 | 29.86 | 23.89 | 21.89 | 19.90 | 21.89 | 25.88 | 21.89 | 21.90 | 27.86 | 28.87 |
| Total Liabilities | 61.91 | 67.92 | 169 | 188 | 202 | 204 | 183 | 192 | 211 | 232 | 230 | 261 |
| Fixed Assets | 11.02 | 11.02 | 45.07 | 52.11 | 52.10 | 54.09 | 50.13 | 49.09 | 69.12 | 77.17 | 80.12 | 89.12 |
| CWIP | 0.00 | 0.00 | 8.02 | 1.01 | 1.01 | 0.00 | 0.00 | 1.01 | 2.01 | 0.00 | 0.00 | 0.00 |
| Investments | 31.92 | 38.93 | 70.77 | 86.77 | 90.83 | 101 | 75.80 | 64.85 | 63.88 | 69.82 | 51.90 | 102 |
| Other Assets | 18.97 | 17.97 | 44.91 | 47.90 | 57.94 | 48.90 | 55.89 | 76.84 | 75.83 | 84.89 | 96.76 | 69.83 |
| Inventories | 5.19 | 6.69 | 11.41 | 13.44 | 18.12 | 16.84 | 11.72 | 17.97 | 18.60 | 16.54 | 23.31 | 19.93 |
| Trade receivables | 5.89 | 3.05 | 14.65 | 17.47 | 18.36 | 14.09 | 15.76 | 16.98 | 21.74 | 26.14 | 23.48 | 27.25 |
| Cash & equivalents | 4.89 | 4.83 | 5.32 | 7.86 | 14.58 | 11.56 | 22.05 | 24.94 | 16.69 | 23.48 | 33.58 | 14.96 |
| Total Assets | 61.91 | 67.92 | 169 | 188 | 202 | 204 | 183 | 192 | 211 | 232 | 230 | 261 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.99 | 5.99 | 18.01 | 18.99 | 14.01 | 12.99 | 19.01 | 13.99 | 20.98 | 23.97 | 25.99 | 35.97 |
| Cash from investing activity | −3.01 | −6.01 | −16.02 | −16.02 | −2.01 | −9.01 | 28.02 | 4.01 | −23.02 | −12.01 | 16.01 | −52.02 |
| Cash from financing activity | 0.00 | 0.00 | −2.01 | −4.02 | −5.02 | −8.03 | −38.13 | −15.04 | −5.02 | −6.02 | −31.11 | −7.03 |
| Net cash flow | 0.00 | 0.00 | 0.00 | −1.01 | 6.02 | −3.01 | 9.04 | 3.01 | −6.02 | 7.02 | 11.04 | −23.10 |
| Capex | 0.59 | 0.46 | 9.98 | 3.80 | 5.46 | 4.06 | 0.00 | 9.13 | 24.26 | 12.08 | 10.40 | 3.53 |
| Free cash flow | 3.01 | 5.01 | 8.02 | 15.03 | 8.02 | 9.02 | 19.05 | 5.01 | −3.01 | 12.02 | 18.04 | 33.06 |
| CFO / OP % | 85.0% | 115.0% | 81.0% | 95.0% | 79.0% | 129.0% | 146.0% | 79.0% | 75.0% | 93.0% | 97.0% | 127.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 64 | 33 | 47 | 58 | 59 | 57 | 66 | 52 | 51 | 59 | 57 | 61 |
| Inventory days | 127 | 166 | 83 | 106 | 131 | 150 | 109 | 127 | 96 | 85 | 125 | 95 |
| Days payable | 82 | 94 | 86 | 127 | 116 | 108 | 105 | 89 | 33 | 28 | 51 | 38 |
| Cash conversion cycle | 105 | 101 | 42 | 34 | 71 | 97 | 68 | 86 | 111 | 114 | 128 | 116 |
| Working capital days | 75 | 64 | 40 | 55 | 63 | 67 | 57 | 76 | 84 | 97 | 96 | 77 |
| ROCE % | 9.0% | 13.1% | 28.0% | 20.1% | 15.1% | 8.1% | 11.1% | 14.1% | 20.1% | 17.1% | 16.1% | 16.1% |
For the Jun 2026 quarter, Indian Toners & Developers reported sales of ₹36.19 Cr, down 7.4% year on year and net profit of ₹6.09 Cr, down 22.4% year on year. The operating margin was 18.9%.
Indian Toners & Developers' sales for the year to Mar 2026 were ₹166 Cr; over the last twelve months they were ₹163 Cr.
Net profit for the year to Mar 2026 was ₹27.01 Cr, and ₹25.49 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.86.
Indian Toners & Developers reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹14.96 Cr.
Cash from operations was ₹35.97 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹33.06 Cr.