Indian Toners & Developers Ltd Stock Price Today (NSE: INDTONER)

Indian Toners & Developers Ltd

48.200.28 (0.58%)
Market Open

Fundamental Score

...

Indian Toners & Developers Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Indian Toners & Developers Ltd share price today is 48.20, down 0.58% on NSE/BSE as of 5 August 2026. Indian Toners & Developers Ltd (INDTONER) is a Small-cap company in the Specialty Chemicals sector with a market capitalisation of 303.18 (Cr). The 52-week high for INDTONER share price is 300.00 and the 52-week low is 45.05. At a P/E ratio of 11.05x, INDTONER is currently trading below its industry average P/E of 31.95x. The company has a Return on Equity (ROE) of 12.64% and a debt-to-equity ratio of 0.00.

Indian Toners & Developers Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
299.00
Low
45.05
Volume
24.3K
Change
-83.89%

Indian Toners & Developers Ltd share price chart: -83.89% return over the past month. 52-week high ₹300.00, 52-week low ₹45.05.

Indian Toners & Developers Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
48.9949.2945.4047.5718.59K (Cr)
47.8049.3946.0548.4816.02K (Cr)
47.8047.9546.5047.8010.84K (Cr)
46.7548.0045.0546.6020.07K (Cr)
48.7548.9045.5046.7537.60K (Cr)
52.5052.5046.4547.5542.34K (Cr)
50.9052.4050.1552.108.98K (Cr)
51.0051.0549.0050.2011.75K (Cr)
50.0053.0048.5551.4043.16K (Cr)
51.0051.9050.0050.2519.14K (Cr)

Indian Toners & Developers Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
47.8049.3945.4047.57-0.48%
297.85299.0045.0547.80-83.95%
253.95300.00246.00295.90+16.52%
237.00275.00234.40251.30+6.03%
222.00252.00222.00236.25+6.42%
241.00247.75215.40219.00-9.13%
234.10261.60232.05246.05+5.10%
251.05259.00236.00242.30-3.49%
262.00264.90247.30251.05-4.18%
272.15276.00256.80261.00-4.10%
270.00274.00263.00270.15+0.06%
264.95278.00260.20269.95+1.89%

AI Research Briefing

Powered by Gemini · 2026-04-10

Indian Toners is a commodity toner business masquerading as a specialty chemical growth story; short the hype.

Research Confidence
6.0/10Moderate
MICRO-CAP DARK HORSEConsolidation. 1M: -3.05%, 3M: -0.44%, 6M: -0.19%Expensive given commodity nature of the business, despite seemingly cheap P/E relative to 'specialty chemical' peers.

WHAT'S HAPPENING NOW (last 2-4 weeks)

No major catalysts found after live search. The company submitted its Q4 FY26 dematerialization compliance report to the BSE on April 7, 2026. The board is scheduled to meet in May 2026 to review the audited financial results for Q4 FY26 and the year ended March 31, 2026.

CORE STORY (THE REAL GAME)

Commodity toner play in a specialty chemicals wrapper. Market perception is that it's a high-growth specialty chemicals company, but the reality is tied to cyclical printer demand and raw material costs.

Why Now
  • Valuation discount relative to peers
  • Decent dividend yield provides downside protection
  • Positive free cash flow generation
Potential Catalysts
  • Strong earnings beat in Q4 FY26
  • Positive news flow regarding specialty chemical sector growth
  • Acquisition by a larger player in the industry
Key Risks
  • Microcap liquidity risk
  • CFO resignation and subsequent withdrawal raises governance concerns
  • Declining YoY profit in the latest quarter
Institutional Activity

No FII/DII activity. Promoter holding stable.

Macro Context

Specialty chemicals market in India is projected to grow at a CAGR of 3.65% during 2026-2034, but crude oil price volatility remains a headwind.

Cash Flow Quality

Yes, ₹51.46 Cr FCF over 5 years, but needs to be consistently maintained.

3–6 Month Outlook

Expect a derating as the market realizes this is a toner business, not a high-growth specialty chemical play. Next 3-6 months will be crucial to see if they can maintain margins.

Primary Thesis Risk

A sustained rise in crude oil prices could squeeze margins and derail the investment thesis.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

12.64%

Profit generated per ₹1 of shareholder equity

Average

Return on Capital (ROCE)

16.24%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

21.01%

Average operating profit margin over 5 years

Good

Dividend Yield

2.06%

Annual dividend as % of current share price

Indian Toners & Developers Ltd Valuation Check

Excellent

Price to Earnings (P/E)

11.05x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

31.95x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

69.25%

% shares held by company founders/management

Poor

FII Holding

0.00%

% shares held by foreign institutional investors

Poor

DII Holding

0.03%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Poor

Profit Growth (Quarterly YoY)

13.90%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

12.38%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

13.44%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

16.05%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

15.05%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.00x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

125.89x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

64.74 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Indian Toners & Developers Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of INDTONER across key market metrics for learning purposes.

Positive Indicators

11 factors identified

Excellent ROCE Performance (16.24%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Strong Operating Margins (21.01%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Attractive Valuation (P/E: 11.05 vs Industry: 31.95)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Consistent Growth Track Record (13.44% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (16.05% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (15.05% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Debt-Free Balance Sheet (D/E: 0.00)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (125.89x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Strong Cash Generation (₹64.74 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Balanced Promoter Holding (69.25%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

1 factors identified

Limited Institutional Interest (FII+DII: 0.03%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Indian Toners & Developers Ltd vs Specialty Chemicals Peers

Peer Comparison - Specialty Chemicals

Compare Indian Toners & Developers Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
65.6/100
48
₹303.18
11.1
Average
12.64%
Average
16.24%
Good
0.0
Excellent
15.05%
Excellent
13.44%
Good
2.06%
65.3/100
1611
₹159989.82
65.0
Average
23.92%
Excellent
31.02%
Excellent
0.0
Excellent
16.69%
Excellent
14.89%
Good
0.73%
42.9/100
4367
₹45440.05
77.3
Average
7.78%
Poor
9.86%
Poor
0.3
Excellent
36.34%
Excellent
13.52%
Good
0.07%
62.7/100
7568
₹39027.62
58.4
Average
20.26%
Excellent
21.37%
Excellent
0.3
Excellent
22.16%
Excellent
22.95%
Excellent
0.20%
32.8/100
1662
₹23159.08
41.4
Average
9.97%
Poor
11.49%
Average
0.3
Excellent
-6.33%
Poor
12.59%
Good
0.44%
36.3/100
1540
₹19624.13
86.7
Average
9.66%
Poor
11.92%
Average
0.2
Excellent
0.00%
38.7/100
489
₹18171.13
44.1
Average
7.13%
Poor
6.85%
Poor
0.8
Good
-4.67%
Poor
12.96%
Good
0.20%
Atul Ltd...
ATUL500027
58.2/100
6737
₹18051.49
26.6
Average
11.49%
Average
14.90%
Average
0.0
Excellent
1.26%
Average
10.95%
Good
0.49%
52.2/100
3634
₹16002.35
38.4
Average
10.92%
Average
14.68%
Average
0.0
Excellent
7.67%
Good
9.41%
Good
0.68%
62.09999999999999/100
4817
₹15713.17
38.1
Average
16.61%
Good
21.47%
Excellent
0.0
Excellent
27.91%
Excellent
15.86%
Excellent
0.21%
33.3/100
1208
₹14449.70
84.9
Average
5.50%
Poor
7.36%
Poor
0.6
Good
19.29%
Excellent
23.88%
Excellent
0.06%

Indian Toners & Developers Ltd Quarterly Performance

Latest quarterly metrics for INDTONER — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

12.38%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

13.90%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

13.44%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

15.05%

Compounded annual net profit growth over 5 years

Indian Toners & Developers Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for INDTONER — calculated from daily price history

2RSI 14
Oversold — RSI 2

Selling pressure is heavy — potential reversal zone.

SMA 50
222
▼ Price below SMA 50 — Short-term bearish
SMA 200
244
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
21K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Indian Toners & Developers Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Indian Toners & Developers Ltd (INDTONER) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Indian Toners & Developers Ltd

About INDTONER (Indian Toners & Developers Ltd)

Indian Toners & Developers Ltd is a prominent specialty chemicals company focused on the development, production, and distribution of high-quality compatible toners within the Indi...an market. With a commitment to innovation and precision, the company formulates a diverse range of toners tailored to meet the specific demands of modern printing and imaging technologies. Their chemical color toners deliver vibrant and accurate hues, while their laser and copier/digital toners ensure crisp text and detailed graphics. Furthermore, INDTONER caters to the large-format printing sector with specialized toners designed for wide format copiers and printers, allowing for bold and expansive visual outputs. At the heart of INDTONER's success lies its dedication to providing tailored solutions for a wide array of printing hardware. Their toners are engineered to seamlessly integrate with laser printers, digital multi-function devices, wide format printers, digital machines, and analogue copiers, guaranteeing optimal performance and consistent results. Through rigorous quality control measures and continuous refinement of their formulas, INDTONER ensures that their products meet the highest standards of reliability and durability. The company is dedicated to providing innovative, dependable products that match international standards. INDTONER strategically distributes its toner products through a robust and well-established network, ensuring widespread accessibility across India. This extensive network includes jobbers, refillers, distributors, direct dealers, and wholesalers, enabling the company to effectively reach a diverse customer base. Their signature brands, ITDL Color Premium and Supremo, are recognized for their exceptional quality and consistent performance. These brands are synonymous with reliability and excellence, making INDTONER a trusted partner for businesses and individuals seeking high-quality printing solutions.

Company Details

Symbol:INDTONER
Industry:Specialty Chemicals
Sector:Specialty Chemicals

Key Leadership

Mr. Sushil Jain
Executive Chairman of the Board
Mr. Akshat Jain
MD & Director
Mr. Satyendra Paroothi
Sr. VP of Operations & Development and Whole-time Director

Corporate Events

Recent
Ex-Dividend Date

INDTONER Share Price: Frequently Asked Questions

What is the current share price of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd (INDTONER) trades at ₹48.20 on NSE and BSE. Market cap ₹303.18 (Cr). Educational data only.

What is the P/E ratio of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd has a P/E of 11.05x vs industry average 31.95x.

What is the Bull Run score for Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd has a Bull Run score of 65.6/100 based on 25+ financial parameters.

Does Indian Toners & Developers Ltd pay dividends?

Indian Toners & Developers Ltd has a dividend yield of 2.06%. Past dividends don't guarantee future payments.

What is the ROE of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd has ROE of 12.64%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Indian Toners & Developers Ltd?

Indian Toners & Developers Ltd has debt-to-equity of 0.00.

Is Indian Toners & Developers Ltd a good investment?

Bull Run gives Indian Toners & Developers Ltd a score of 65.6/100. This is not investment advice — consult a SEBI-registered advisor.