Chembond Chemicals Limited (CHEMBOND) AI Stock Analysis

• Market Cap: ₹1.88B
• Dividend Yield: 1.11%
• Average Volume (3M): 976.00
• Price to Earnings (P/E): 34.2
• Beta (1Y): 0.39
• Revenue Growth: -37.34%
• EPS Growth: -45.55%
• Country: IN
• Employees: 280
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 1.18
• Shares Outstanding: 13,448,288
• 10 Day Avg. Volume: 1,676
• 30 Day Avg. Volume: 976
• PEG Ratio: 0.43
• Price to Book (P/B): 2.76
• Price to Sales (P/S): 2.14
• P/FCF Ratio: 28.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹148.00 ▼(-9.65% Downside)
• Action: Reiterated Date: 01/23/26
• Date: Action: Reiterated 01/23/26

The score is primarily supported by stable financial positioning (strong equity base, low leverage) and improved cash-flow trends, but is held back by volatile revenue/profitability and a neutral-to-weak technical setup (negative MACD and below longer-term moving averages). Valuation is moderate and modestly supportive.

Positive Factors

Strong balance sheet and low leverage

Low leverage and a healthy equity base provide durable financial flexibility, enabling the company to fund working capital, endure cyclical downturns, and invest in capacity or R&D without immediate reliance on external debt. This stability supports multi-quarter resilience and strategic optionality.

Positive operating cash flow and improving free cash flow

Consistent positive operating cash flow and recovering free cash flow signal an ability to convert sales into cash, fund maintenance capex, and service obligations. Improved FCF reduces dependence on external financing and supports sustainable investments over the coming quarters.

Diversified end-market exposure across industrial segments

A product set spanning water treatment, construction/polymers, and surface/metal treatments reduces reliance on any single cyclical sector. This end-market diversification supports steadier demand patterns and revenue resilience across industrial cycles over the medium term.

Negative Factors

Sharp recent revenue decline

A roughly 52% revenue contraction indicates loss of scale and pricing or volume stress, which materially undermines margin absorption and operating leverage. Persisting revenue weakness would reduce reinvestment capacity and raise execution risk over several quarters.

Inconsistent and fluctuating margins

Volatile gross and net margins suggest exposure to input-cost swings, pricing pressure, or mix shifts. Inconsistent margins impede reliable profit conversion, complicate planning, and limit the company's ability to steadily rebuild returns and fund strategic initiatives.

Material negative EPS growth

A ~68% decline in EPS signals material earnings deterioration, reducing retained earnings and the cushion for reinvestment or dividends. Sustained weak EPS constrains capital allocation flexibility and may force restructuring or margin-improvement measures to restore financial health.

Chembond Chemicals Limited Business Overview & Revenue Model

Company Description

Chembond Material Technologies Ltd. enages in the manufacture and sell of specialty chemicals. Its products include water treatment, polymers, construction chemicals, coatings, animal nutrition's, and industrial biotech products. The company was founded on March 22, 1975 and is headquartered in Mumbai, India.

How the Company Makes Money

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Chembond Chemicals Limited Financial Statement Overview

Summary

Financials are mixed: balance sheet strength (low leverage and healthy equity base) supports stability, but revenue and profitability have been volatile. Cash flow remains positive with improved free cash flow, yet inconsistent margins and recent revenue decline limit the score.

Income Statement

Chembond Chemicals has shown a volatile revenue trajectory with a notable decline in the most recent year. The gross profit margin and net profit margin have shown fluctuations, reflecting the company's struggle to maintain consistent profitability. The EBIT and EBITDA margins indicate moderate profitability, suggesting potential for improvement in operational efficiency.

Balance Sheet

The company maintains a strong equity base with a healthy equity ratio, indicating financial stability. The debt-to-equity ratio is low, reflecting prudent leverage management. However, fluctuations in net income have impacted return on equity, suggesting room for improved profitability.

Cash Flow

Despite occasional fluctuations, operating cash flow has remained positive, highlighting potential for stable cash generation. The free cash flow has improved after prior negative figures, indicating better capital expenditure management. The operating cash flow to net income ratio suggests efficient conversion of profits into cash flow.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.60B	2.01B	1.78B	4.40B	3.49B	2.74B
Gross Profit	1.23B	517.72M	317.75M	1.83B	612.28M	1.14B
EBITDA	492.25M	227.48M	203.90M	394.80M	194.10M	334.04M
Net Income	329.32M	175.62M	111.76M	250.96M	139.21M	203.44M
Balance Sheet
Total Assets	0.00	2.02B	4.47B	4.02B	3.61B	3.54B
Cash, Cash Equivalents and Short-Term Investments	345.75M	421.01M	258.61M	370.15M	548.27M	473.20M
Total Debt	0.00	26.46M	68.08M	65.25M	15.06M	18.81M
Total Liabilities	-1.56B	455.74M	842.07M	785.71M	557.71M	596.75M
Stockholders Equity	1.56B	1.56B	3.61B	3.22B	3.04B	2.93B
Cash Flow
Free Cash Flow	0.00	153.54M	155.21M	-124.78M	-42.85M	206.43M
Operating Cash Flow	0.00	197.25M	276.48M	21.67M	-104.71M	250.11M
Investing Cash Flow	0.00	-85.75M	-217.13M	13.56M	-18.68M	-112.22M
Financing Cash Flow	0.00	-87.44M	-50.53M	-20.57M	-40.89M	-19.09M

Chembond Chemicals Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 163.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CHEMBOND, the sentiment is Negative. The current price of 163.8 is above the 20-day moving average (MA) of 146.87, above the 50-day MA of 152.26, and below the 200-day MA of 182.71, indicating a bearish trend. The MACD of -3.81 indicates Positive momentum. The RSI at 40.94 is Neutral, neither overbought nor oversold. The STOCH value of 31.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CHEMBOND.

Chembond Chemicals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHREEPUSHK	68 Neutral	₹10.30B	17.66	―	0.52%	28.67%	50.12%
CHEMBOND	66 Neutral	₹1.88B	34.22	―	1.11%	-37.34%	-45.55%
AGARIND	62 Neutral	₹6.71B	95.10	―	0.45%	-4.09%	-32.35%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BODALCHEM	60 Neutral	₹5.58B	697.51	―	―	15.56%	2114.71%
IGPL	59 Neutral	₹10.33B	-28.19	―	2.59%	-10.71%	-40.89%
FAIRCHEMOR	47 Neutral	₹7.05B	-2,425.33	―	1.07%	-22.10%	-85.56%

Chembond Chemicals Limited Corporate Events

Chembond Material Technologies Publishes Unaudited Q3 FY26 Results in Newspapers

Chembond Material Technologies Limited has notified the stock exchanges that it has published the extract of its unaudited financial results for the quarter and nine months ended December 31, 2025 in the English daily Business Standard on January 17, 2026 and the Marathi daily Mumbai Lakshdeep on January 18, 2026. The disclosure, made under SEBI’s listing regulations, underscores the company’s compliance with statutory transparency and reporting requirements for listed entities, ensuring that investors and other stakeholders have public access to its latest financial performance data.