Indian Emulsifiers Ltd.

Indian Emulsifiers Ltd.

NNSE:IEML
39.25
INR
-2.05
(-4.96%)
1.11BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
14.42
29.33
47.46
82.74
87.09
- -
Basic EPS, GAAP
- -
0.04
2.77
6.29
10.88
10.55
- -
Free Cash Flow per Basic Share
0.02
-12.89
-2.8
-6.12
-32.05
112.33
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.01
6.67
9.85
20.26
58.45
80.21
80.21
Tangible Book Value per Share
0.01
6.67
9.85
20.26
58.45
80.21
80.21
Basic Weighted Avg Shares
12
12
14
14
12
18
14
Sales/Revenue/Turnover
- -
176
412
666
1,011
1,597
- -
Operating Margin (%)
- -
3.33
16.23
19.67
19.3
14.68
- -
Depreciation Expense
- -
2
12
17
22
26
- -
Net Income, GAAP
- -
- -
39
88
133
193
- -
Effective Tax Rate (%)
- -
64.2
16.02
18.48
18.98
2.96
- -
Profit Margin (%)
- -
0.24
9.46
13.24
13.15
12.12
- -
Working Capital
- -
61
110
210
476
957
957
LT Debt
- -
77
116
132
67
259
259
Total Equity
- -
81
120
284
820
1,471
1,471
Return on Invested Capital (%)
- -
2.14
21.51
24.48
18.43
14.27
- -
Return on Capital (%)
- -
1.66
19.53
24.87
18.76
14.14
- -
Return on Common Equity (%)
- -
1.06
38.57
43.59
24.08
16.89
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
189
192
292
LT Borrowings
67
132
259
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
18
Market Capitalization
1,684
1,974
1,111

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
761
1,024
1,574
Cash, Cash Equivalents & STI
6
50
92
Accounts Receivable, Net
306
589
573
Inventories
364
280
644
Total Current Liabilities
285
381
617
Payables & Accruals
- -
- -
- -
ST Debt
189
192
292
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
25,941.44%
79.26%
Free Cash Flow
- -
-12,278.55%
-625.79%
Net Income, GAAP
- -
1,578.72%
45.45%
Sales/Revenue/Turnover
- -
- -
57.89%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
666
2025
- -
497
1,011
2026
- -
829
1,597

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6.29
2025
- -
5.43
10.88
2026
- -
3.99
10.55

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Yash Tikekar
Full Time Employees
46
Sector
Process industries
Industry
Chemicals: major diversified
Address
107, Floor 1, Sumer Kendra, Shivram Seth Amrutwar Road, Off Pandurang Budhwar Marg, Worli Mumbai MH India 400018
IPO Date
May 22, 2024
Business
Indian Emulsifiers Ltd. (IEML.NS) manufactures, supplies and markets a diverse portfolio of specialty chemicals, including esters, esterquats, polyamides, polymerized surfactants, sulphates, amphoterics, phosphate esters, imidazolines, wax emulsions, SMO emulsifiers, PIBSA emulsifiers and formulated specialties. The company serves industries such as personal care and cosmetics, cleaning and detergents, textiles, mining explosives and lubricants, metal working and oil & gas, home care, institutional and industrial cleaning, food, pharmaceuticals, agriculture, paint & pigments and preservatives. Incorporated in December 2020 and headquartered in Mumbai, Maharashtra, India, with a manufacturing facility in MIDC Lote Parshuram, Ratnagiri District, the company holds ISO 9001:2015, 14001 and 18001 certifications, alongside Kosher and Halal approvals. It operates with a production capacity of 7,800 metric tons per annum (MTPA) across multiple high-pressure stainless-steel reactors and maintains a global presence in nine countries. In recent developments, Indian Emulsifiers established a wholly-owned subsidiary, Southern Emulsifiers Pty Ltd, in Australia in 2025 to penetrate the mining explosives market, targeting approximately INR 75 crore in revenue over the next three years with expected margins of 10-15%. The company expanded its production capacity from 2,400 MTPA to 7,800 MTPA through additional reactor installations and reported strong financial growth, with H2 FY25 consolidated revenue reaching INR 50 crore, EBITDA of INR 9.65 crore and PAT of INR 6.31 crore, reflecting a 58% year-over-year total income increase for FY25. It continues strategic initiatives including operational efficiency enhancements, inventory optimization from 90 to 60-70 days, contract manufacturing expansion and pursuit of organic and inorganic growth opportunities.