1. India Stocks

  2. •

    Electronic technology

  3. •

    Computer peripherals
Indian Toners & Developers Ltd.

Indian Toners & Developers Ltd.

BBSE:INDTONER
43.60
INR
-1.75
(-3.86%)
2.45EPS
24.21P/E
3.09BMarket Cap
Indian Toners & Developers Ltd.
BSE:INDTONER
(Bombay Stock Exchange)

Recent

price

43.60

P/E

ratio

24.21

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
15.15
15.4
17.02
21
23.72
27.08
28.1
16.87
17.32
13.77
13.45
21.82
28.5
28.78
28.72
31.81
15.68
Revenue per Share
1.13
1.31
1.64
2.86
2.6
2.64
5.68
3.65
3.03
1.8
2.02
3.49
4.85
4.82
4.23
5.24
2.45
Basic EPS, GAAP
1.65
2.33
0.97
4.27
1.58
4.15
1.97
2.26
1.25
1.38
2.91
0.92
-0.62
2.2
2.96
6.24
- -
Free Cash Flow per Basic Share
0.03
0.03
0.06
0.23
- -
0.52
0.34
0.52
0.72
1.04
- -
2.69
0.7
0.9
0.88
1.2
- -
Dividend per Share
10.65
11.92
13.49
16.29
18.47
21.98
26.28
24.85
27.1
27.74
29.27
30.54
34.7
38.63
38.84
44.7
- -
Book Value per Share
10.65
11.85
13.43
16.27
18.47
21.98
26.28
24.84
27.1
27.74
29.27
30.54
34.69
38.62
38.84
44.7
- -
Tangible Book Value per Share
40
40
40
40
40
40
40
66
66
66
66
54
54
54
53
52
104
Basic Weighted Avg Shares
610
620
686
846
956
1,091
1,132
1,110
1,140
906
882
1,184
1,546
1,561
1,525
1,653
1,629
Sales/Revenue/Turnover
12.8
14.2
17.94
22.38
19.73
20.25
21.46
21.27
18.22
9.58
13.25
16.59
20.3
18.23
18.23
17.95
17.02
Operating Margin (%)
26
21
22
23
27
31
32
37
38
43
43
41
39
54
54
53
53
Depreciation Expense
46
53
66
115
105
106
229
241
199
119
133
189
263
261
224
272
255
Net Income, GAAP
6.51
18.79
12.51
9.11
24.34
25.6
22.49
18.5
19.26
17.28
28.47
19.29
22.82
23.24
33.02
21.53
24.61
Effective Tax Rate (%)
7.48
8.49
9.65
13.64
10.97
9.75
20.2
21.67
17.48
13.1
15.04
16
17.02
16.74
14.72
16.48
15.65
Profit Margin (%)
151
210
289
459
174
383
316
469
456
371
362
1,048
1,104
1,315
1,212
1,491
- -
Working Capital
5
2
1
- -
- -
- -
- -
- -
- -
5
5
- -
20
16
11
6
- -
LT Debt
479
556
662
837
980
1,182
1,437
1,635
1,783
1,826
1,588
1,657
1,883
2,096
2,018
2,323
- -
Total Equity
15
14.8
17.87
23.39
17.62
15.31
14.54
12.49
9.66
3.97
4.65
9.81
13.41
10.87
9.04
10.56
- -
Return on Invested Capital (%)
3.72
5.37
4.14
7.45
5.54
4.41
11.47
15.96
11.96
6.79
7.77
11.68
14.9
13.11
10.91
12.56
- -
Return on Capital (%)
11.23
11.59
12.92
19.24
14.97
13.06
23.52
17.85
11.66
6.58
7.77
11.68
14.87
13.14
10.91
12.55
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
6
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
52
52
52
Market Capitalization
2,609
2,276
3,086

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,651
- -
Cash, Cash Equivalents & STI
- -
1,075
- -
Accounts Receivable, Net
- -
272
- -
Inventories
- -
199
- -
Total Current Liabilities
- -
159
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.44%
8.14%
15.09%
Free Cash Flow
-44.7%
-111.55%
106.34%
Net Income, GAAP
16.25%
17.65%
21.34%
Sales/Revenue/Turnover
5.32%
14.37%
8.37%
Total Cash Common Dividend
- -
- -
33.33%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
353
377
393
407
1,525
2026
391
389
421
457
1,653
2027
362
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.7
1.02
1.21
1.26
4.23
2026
0.3
1.04
1.23
1.47
5.24
2027
0.23
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.88
2026
- -
- -
- -
- -
1.2
2027
- -
- -
- -
- -
- -
Similar Companies
Sandisk Corporation (NASDAQ:SNDK)
Western Digital Corporation (NASDAQ:WDC)
Seagate Technology Holdings PLC (NASDAQ:STX)
Arista Networks, Inc. (NYSE:ANET)
Everpure, Inc. (NYSE:P)
NetApp, Inc. (NASDAQ:NTAP)
Business
Indian Toners & Developers Limited manufactures and exports compatible toners for photocopiers, laser printers, digital machines, multi-function printers, analog copiers, and wide format printers and copiers; offers premium quality chemical color toners for laser printers and copiers; and caters to the replacement market under the Supremo brand. The company operates two production units, Unit 1 in Rampur, Uttar Pradesh, and Unit 2 in Sitarganj, Uttarakhand, with corporate headquarters in New Delhi, India, and exports to over 40 countries across South East Asia and other regions. Founded in 1990 as a public limited company and listed on the Bombay Stock Exchange under ticker INDTONER.BO, it holds ISO 9001:2015 and ISO 14001:2015 certifications, focusing on the specialty chemicals segment for printing and imaging industries with nearly debt-free operations and a promoter holding of 69.2%. In November 2025, the board approved commencement of a new seed business project involving trading, assembling, and manufacturing of stationery items to expand operations and explore diversification opportunities; the company also declared an interim dividend of Rs 6 per share for FY 2025-26, payable by December 9, 2025, following a prior Rs 4.50 per share dividend confirmed at the AGM; additionally, in September 2024 it completed a Rs 20.62 crore share buyback via tender offer, and re-appointed independent director Mrs. Manisha Chamaria for a second five-year term effective September 28, 2025.