Indian Emulsifiers (IEML)₹34.75+0.43%Specialty Chemicals
In the Mar 2026 quarter (consolidated), Indian Emulsifiers reported sales of ₹82.89 Cr, up 65.9% from Mar 2025, and net profit of ₹5.98 Cr, up 0.0% year on year. For the year to Mar 2026, sales were ₹160 Cr and net profit ₹15.96 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 34.96 | 31.94 | 51.94 | 49.95 | 76.84 | 82.89 |
| Expenses | 28.99 | 22.99 | 40.99 | 39.97 | 61.94 | 72.02 |
| Operating Profit | 5.99 | 7.99 | 9.98 | 8.99 | 14.97 | 10.98 |
| OPM % | 19.0% | 26.0% | 20.0% | 18.9% | 20.0% | 13.0% |
| Other Income | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 |
| Interest | 1.01 | 1.01 | 2.01 | 1.01 | 2.01 | 2.01 |
| Depreciation | 1.01 | 1.01 | 0.99 | 1.01 | 1.01 | 2.01 |
| Profit before tax | 4.99 | 5.99 | 8.98 | 7.99 | 11.99 | 7.99 |
| Tax % | 18.0% | 19.0% | 18.0% | 20.0% | 17.0% | 20.0% |
| Net Profit | 3.99 | 4.99 | 6.97 | 5.98 | 9.97 | 5.98 |
| EPS (Rs) | 4.23 | 3.70 | 3.80 | 3.44 | 5.60 | 3.26 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Sales | 66.88 | 101 | 160 |
| Expenses | 51.99 | 81.94 | 134 |
| Operating Profit | 14.97 | 19.97 | 25.95 |
| OPM % | 22.0% | 18.9% | 16.0% |
| Other Income | 0.00 | 1.01 | 0.00 |
| Interest | 2.01 | 2.01 | 4.01 |
| Depreciation | 2.01 | 2.01 | 3.01 |
| Profit before tax | 10.98 | 15.99 | 19.97 |
| Tax % | 18.0% | 19.0% | 18.0% |
| Net Profit | 8.98 | 12.96 | 15.96 |
| EPS (Rs) | 6.52 | 7.26 | 8.86 |
| Dividend payout % | 0.0% | 0.0% | 0.0% |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 9.00 | 12.00 | 18.00 |
| Reserves | 19.02 | 70.06 | 129 |
| Borrowings | 24.02 | 26.02 | 55.07 |
| Other Liabilities | 12.06 | 10.04 | 33.15 |
| Total Liabilities | 64.10 | 117 | 235 |
| Fixed Assets | 17.06 | 19.08 | 53.21 |
| CWIP | 2.99 | 20.91 | 22.90 |
| Investments | 0.00 | 0.00 | 0.00 |
| Other Assets | 44.05 | 77.13 | 159 |
| Inventories | 20.93 | 35.92 | 63.82 |
| Trade receivables | 18.99 | 31.02 | 57.02 |
| Cash & equivalents | 0.00 | 0.00 | 7.97 |
| Total Assets | 64.10 | 117 | 235 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from operating activity | 0.00 | −17.04 | −28.05 |
| Cash from investing activity | −7.97 | −23.91 | −38.84 |
| Cash from financing activity | 8.04 | 40.19 | 75.27 |
| Net cash flow | 0.00 | 0.00 | 7.97 |
| Capex | 8.91 | 22.55 | 37.89 |
| Free cash flow | −9.02 | −39.11 | −66.20 |
| CFO / OP % | 8.0% | −74.0% | −95.0% |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor days | 102 | 111 | 132 |
| Inventory days | 162 | 185 | 193 |
| Days payable | 70 | 34 | 80 |
| Cash conversion cycle | 194 | 262 | 244 |
| Working capital days | 115 | 172 | 201 |
| ROCE % | — | 24.0% | 15.0% |
For the Mar 2026 quarter, Indian Emulsifiers reported sales of ₹82.89 Cr, up 65.9% year on year and net profit of ₹5.98 Cr, up 0.0% year on year. The operating margin was 13.0%.
Indian Emulsifiers' sales for the year to Mar 2026 were ₹160 Cr.
Net profit for the year to Mar 2026 was ₹15.96 Cr. Earnings per share over the same trailing period were ₹8.86.
Indian Emulsifiers reported borrowings of ₹55.07 Cr at Mar 2026, against cash and equivalents of ₹7.97 Cr.
Cash from operations was −₹28.05 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹66.20 Cr.