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Chemicals & Petrochemicals | Small Cap
Health Score : 7.76Mahickra Chemicals Ltd demonstrates a mixed financial performance. The company shows exceptional solvency and growth, suggesting a strong ability to meet long-term obligations and expand its operations. Profitability is a notable strength, with high gross profit margins and returns on capital employed and equity. However, liquidity and efficiency present challenges. While the company maintains an average current ratio, its cash ratio is poor, indicating potential difficulties in meeting immediate obligations using cash alone. Additionally, the efficiency ratios, such as inventory and receivables turnover, are low, suggesting slow movement of inventory and collection of receivables. Overall, Mahickra Chemicals exhibits solid solvency and growth but needs to address its liquidity and efficiency to achieve a more balanced financial profile. The company is performing well in terms of profitability and capital expenditure but struggles with earnings per share and book value per share.
Health Score : 7.76Mahickra Chemicals Ltd demonstrates a mixed financial performance. The company shows exceptional solvency and growth, suggesting a strong ability to meet long-term obligations and expand its operations. Profitability is a notable strength, with high gross profit margins and returns on capital employed and equity. However, liquidity and efficiency present challenges. While the company maintains an average current ratio, its cash ratio is poor, indicating potential difficulties in meeting immediate obligations using cash alone. Additionally, the efficiency ratios, such as inventory and receivables turnover, are low, suggesting slow movement of inventory and collection of receivables. Overall, Mahickra Chemicals exhibits solid solvency and growth but needs to address its liquidity and efficiency to achieve a more balanced financial profile. The company is performing well in terms of profitability and capital expenditure but struggles with earnings per share and book value per share.
Overall Valuation Score
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P/E RATIO (TTM)
56.55
Industry Median
17.79
Small Cap Median
17.79
P/E RATIO
56.55
P/B RATIO
4.36
Industry Median
1.86
Small Cap Median
1.86
P/S RATIO
3.32
Industry Median
1.10
Small Cap Median
1.10
Others
PEG RATIO
0.00
EV/EBITDA RATIO
37.26
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹298 as on Aug 17, 2026.
Growth Score : 10.00The company demonstrates excellent growth across multiple metrics, indicating a strong expansion trajectory. Revenue growth, operating profit growth, earnings per share growth, asset growth, and net income growth are all at very high levels. This suggests the company is effectively increasing its sales, profitability, and asset base. Sustaining this level of growth will be crucial for long-term success. Company should focus on sustaining its growth for long term success.
Revenue Growth RateExcellentOperating Profit Growth RateExcellentEarnings Per Share (EPS) GrowthExcellentAsset Growth RateExcellentNet Income Growth RateExcellent| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 0.98 | -30.1 | 22.22 | 20.45 | |
| Operating Profit Growth Rate | 0 | -50 | 100 | 300 | |
| Earnings Per Share (EPS) Growth | -1.7 | -67.41 | 135.61 | 69.45 | |
| Asset Growth Rate | -3.08 | -3.17 | 11.48 | 42.65 | |
| Net Income Growth Rate | 0 | -66.67 | 200 | 66.67 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Mahickra Chemicals Ltd | 7.76 | 56.55 | Neutral | 8.00 | 5.27 | 5.00 |
| 2 | Paragon Fine and Speciality Chemical Ltd | 5.23 | 10.58 | Neutral | 13.00 | 4.62 | 9.00 |
| 3 | Hindprakash Industries Ltd | 4.39 | 93.64 | Neutral | 3.92 | 2.41 | 1.55 |
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Overall Score
Strong Bearish
Bearish
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Strong Bullish
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Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Mahickra Chemicals Ltd. is an Indian manufacturer and exporter of various dyes and chemicals, including reactive, acid, and direct dyes, along with specialty chemicals. The company caters to diverse industries such as textiles, leather, paper, and ink, establishing itself as a specialized chemicals producer.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Mahickra Chemicals Ltd's P/E ratio (TTM) is 56.55, compared to the industry median of 17.79 and large cap median of 17.79.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Mahickra Chemicals Ltd's P/B ratio is 4.36, compared to the industry median of 1.86 and large cap median of 1.86.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Mahickra Chemicals Ltd's P/S ratio is 3.32, compared to the industry median of 1.10 and large cap median of 1.10.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Mahickra Chemicals Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Mahickra Chemicals Ltd's EV/EBITDA ratio is 37.26.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Mahickra Chemicals Ltd's ROE is 7.46%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Mahickra Chemicals Ltd's ROA is 8.25%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Mahickra Chemicals Ltd's ROCE is 13%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Mahickra Chemicals Ltd's operating margin is 7.55%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Mahickra Chemicals Ltd's net margin is 4.72%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Mahickra Chemicals Ltd's current ratio is 3.09.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Mahickra Chemicals Ltd's debt-to-equity ratio is 0.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Mahickra Chemicals Ltd's interest coverage ratio is 4.50.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Mahickra Chemicals Ltd's DPS is ₹0.16.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Mahickra Chemicals Ltd's EPS is 69.45.
(Source line: "Ratios as of 17 Aug 2026, based on last traded price of ₹298. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2017
Headquarters: Ahmedabad, Gujarat
Core Offerings: Reactive Dyes, Acid Dyes, Direct Dyes, Specialty Chemicals
Stock Listing: NSE (MAHICKRA), BSE ({bse})
Promoter: Patel Group (Harpalbhai Kiritbhai Patel)
Incorporated in May 2017, Mahickra Chemicals commenced commercial operations producing reactive dyes. The company expanded its product portfolio to include various dyes and specialty chemicals, catering to diverse industrial applications. It was listed on the BSE SME platform in 2018 and subsequently migrated to the main board of BSE in 2021, marking its growth trajectory.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Dyes and Chemicals | 100% | N/A (consolidated reporting) |
Reactive Dyes: Manufacturing a wide range of reactive dyes primarily for the textile industry, known for their bright colors and good fastness properties.
Acid & Direct Dyes: Producing acid and direct dyes used in textiles, leather, paper, and ink applications.
Specialty Chemicals: Developing and supplying specialty chemicals for various industrial processes to enhance performance and specific functionalities.
Mr. Harpalbhai Kiritbhai Patel - Chairman & Managing Director. He is a first-generation entrepreneur with over two decades of experience in the dyes and chemicals industry, driving the company's vision and growth strategy.
No major subsidiaries reported.
No major recent corporate actions on record besides its initial public offering on the BSE SME platform in 2018 and subsequent migration to the main board in 2021.
The Mahickra Chemicals Ltd share price today is ₹298 on NSE (MAHICKRA), as of 19 Aug 2026.
As of 17 Aug 2026, Mahickra Chemicals Ltd share price is ₹298, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Mahickra Chemicals Ltd's market cap is ₹351.64 crore (Small Cap).
Mahickra Chemicals Ltd's current P/E ratio is 56.55, compared to the CHEMICALS & PETROCHEMICALS sector average of 30.
Mahickra Chemicals Ltd's current P/B ratio is 4.36.
Mahickra Chemicals Ltd's current dividend yield is 0.05%. Last dividend of ₹0.50 per share was declared on 20-Sep-2023.
Mahickra Chemicals Ltd's EPS (TTM) is ₹69.45.
Mahickra Chemicals Ltd. is an Indian manufacturer and exporter of various dyes and chemicals, including reactive, acid, and direct dyes, along with specialty chemicals. The company caters to diverse industries such as textiles, leather, paper, and ink, establishing itself as a specialized chemicals producer.
Mahickra Chemicals Ltd is promoted by Patel Group (Harpalbhai Kiritbhai Patel), holding 40.1% as of 17 Aug 2026.
Mahickra Chemicals Ltd is listed on NSE (MAHICKRA) and BSE ({bse}). Its next quarterly results are expected on November 2024 (for Q2 FY25).
Interest Coverage Ratio