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    Chemicals: specialty
Mahickra Chemicals Ltd.

Mahickra Chemicals Ltd.

NNSE:MAHICKRA
270.00
INR
+7.75
(+2.96%)
2.07BMarket Cap
Mahickra Chemicals Ltd.
NSE:MAHICKRA
(National Stock Exchange of India)

Recent

price

270.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
26.59
59.64
58.37
47.05
- -
26.98
112.36
127.91
106.53
125.95
126.86
88.54
108.54
128.12
- -
Revenue per Share
0.13
0.24
0.12
0.21
- -
1.02
2.87
4.06
3.83
4.12
4.05
1.32
3.12
6.28
- -
Basic EPS, GAAP
0.28
-2.52
0.76
-0.03
- -
-16.41
-6.22
-7.86
-3.86
2.33
1.79
-2.44
-0.43
-10.34
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
0.39
0.2
0.65
0.65
0.3
0.2
- -
- -
Dividend per Share
1.35
1.84
2.13
2.15
- -
10.74
20.83
29.53
33.15
36.63
40.01
41.03
43.95
68.35
68.35
Book Value per Share
1.35
1.84
2.13
2.15
- -
10.74
20.83
29.53
33.15
36.63
40.01
41.03
43.95
68.35
68.35
Tangible Book Value per Share
7
7
7
7
7
7
7
7
8
8
8
8
8
8
8
Basic Weighted Avg Shares
192
431
422
340
- -
195
801
943
865
1,023
1,030
719
882
1,051
- -
Sales/Revenue/Turnover
2.32
0.7
0.9
0.29
- -
5.11
2.6
2.77
5.47
3.94
4
7.09
4.77
6.97
- -
Operating Margin (%)
1
1
1
1
- -
- -
1
1
1
3
6
6
3
3
- -
Depreciation Expense
1
2
1
2
- -
7
20
30
31
33
33
11
25
52
- -
Net Income, GAAP
21.91
31.33
45.91
34.91
- -
21.45
29.87
27.59
29.46
27.93
28
28.51
28.19
25.16
- -
Effective Tax Rate (%)
0.48
0.4
0.2
0.45
- -
3.78
2.55
3.17
3.59
3.27
3.19
1.49
2.87
4.9
- -
Profit Margin (%)
12
12
15
17
- -
76
146
212
241
260
282
276
294
608
608
Working Capital
10
7
8
9
- -
6
3
3
8
11
10
4
- -
- -
- -
LT Debt
10
13
15
16
- -
78
151
240
269
297
325
333
357
668
668
Total Equity
- -
4.42
3.59
1.17
- -
10.08
8.68
8.42
8.7
6.17
7.19
3.68
6.25
8.2
- -
Return on Invested Capital (%)
- -
9
6.88
7.26
- -
12.72
13.17
13.72
9.98
9.55
9.17
3.85
6.88
9.23
- -
Return on Capital (%)
- -
15.04
5.99
9.81
- -
18.98
17.88
15.33
12.21
11.82
10.56
3.26
7.34
10.06
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'24
Sep'26
Mar'26
ST Debt
131
149
158
LT Borrowings
4
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
10
Market Capitalization
995
1,283
2,072

Working Capital

INR

•

in mil. unless spec.
Mar'24
Sep'26
Mar'26
Total Current Assets
543
647
903
Cash, Cash Equivalents & STI
- -
- -
165
Accounts Receivable, Net
235
267
336
Inventories
232
348
366
Total Current Liabilities
267
340
296
Payables & Accruals
- -
- -
- -
ST Debt
131
149
158
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
23.31%
87.18%
Free Cash Flow
- -
366.38%
2,334.37%
Net Income, GAAP
- -
35.57%
103.53%
Sales/Revenue/Turnover
- -
6.11%
19.22%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
719
2025
- -
- -
882
2026
- -
- -
1,051

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.32
2025
- -
- -
3.12
2026
- -
- -
6.28

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.3
2025
- -
- -
0.2
2026
- -
- -
- -
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Business
Mahickra Chemicals Ltd. manufactures, trades, and exports a range of dyestuffs and specialty chemicals, including reactive dyes, direct dyes, acid dyes, synthetic food colors, specialty chemicals, and pigment powders and emulsions. The company, originally founded in 1997 as Mahak Dyechem Industries and renamed Mahickra Chemicals Limited, is headquartered in Ahmedabad, Gujarat, India, at Plot No. 1201-1202, Phase-3, GIDC, and operates primarily in the chemical manufacturing sector with a focus on dyes and pigments for textile, food, and industrial applications. It holds certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, GOTS v7.0, ZDHC Level 3, and OekoTex Ecopassport, and serves domestic and international markets as a government-recognized export house. In recent developments, the company participated in the China Interdye 2024 exhibition in Shanghai to expand its global presence, received Chemexcil's Gold Award for Export of Dyes and Dye Intermediates (2019-20) presented on February 8, 2025, and launched 1 KG packaging for its OekoTex Ecopassport-certified Nikron pigment emulsions series earlier in 2025 to enhance customer convenience. Mahickra listed on the NSE SME platform following its IPO in 2018, acquired industrial land in Saykha for production expansion, and constructed a new production unit, supporting ongoing capacity growth amid revenue of Rs. 88.2 crore and profit of Rs. 2.53 crore for FY 2025.