Gem Aromatics share price today

Gem Aromatics Ltd's share price was ₹139.96 at the close on 4 November 2026. It has been falling for 62 weeks. That is 20.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹135 and ₹211, and at that close it sat 7% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Gem Aromatics Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 13 weeks running.

Over the last 1 year the share price moved −49% while the NIFTY 500 moved −4%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 7 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2 points on a year earlier.

1. Profit down on a year earlier for 6 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹-7 crore, -172.1% on a year earlier.

2. Operating margin up 4.2 points on a year earlier

   7.6% in the September 2026 quarter, from 3.4%.

For July to September 2026 (the quarter ended 30 September 2026), Gem Aromatics reported revenue of ₹104 crore, up 16.2% from ₹89.5 crore a year earlier, and a loss of ₹7.02 crore.

Gem Aromatics results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 14 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Gem Aromatics closed at ₹139.96 on 4 November 2026, down 33.7% from ₹211.06 a year earlier (7 November 2025). Its highest weekly close since August 2025 was ₹290.00 on 12 September 2025.

Gem Aromatics share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

66 weekly closes from 29 August 2025 to 4 November 2026.

4 Nov 2026: Gem Aromatics closed at ₹139.96, up 2.1% on the week and down 9.9% on the month. Results for July to September 2026: Revenue up 16.2% on a year earlier.

Earlier

• 14 Aug 2026: Gem Aromatics held its results call for April to June 2026. Management guided: Safranal revenue contribution towards the end of July to September 2026, with a more meaningful contribution from October to December 2026 as supplies scale.

Gem Aromatics has paid no dividend on the NSE since its first NSE close in our records (29 August 2025), the start of the period we checked.

No. Gem Aromatics Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 14 August 2026, Gem Aromatics' management guided: Safranal revenue contribution towards the end of July to September 2026, with a more meaningful contribution from October to December 2026 as supplies scale.

“For FY27, we do not want to provide guidance on that. However, through FY28, Crystal products will account for more than 50% of overall revenue.”Advik, on the call for April to June 2026

What management guided

• Cooling agents: meaningful revenue contribution from October to December 2026, with revenues building through Q3-Q4 as qualifications and recurring supplies scale.
• Phenol derivatives: trial production towards the end of July to September 2026, commercial production planned in Q3, meaningful revenue contribution in Q4.
• New specialty verticals: FY27 is a ramp-up year, with a large portion of volumes expected through FY28.
• Krystal products to account for more than 50% of overall revenue through FY28.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 14 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Gem Aromatics reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Consolidated profitability improving as Dahej utilization rises and higher-value product revenue reaches the P&L.

Gem Aromatics is on one of our India lists: 52 week high & low.

Gem Aromatics Ltd posted a net loss of ₹7.0 Cr in the Sep 2026 quarter. Full-year FY26 profit was ₹1.0 Cr. Over 5 years profit has grown −46.6% a year on average. That loss is 6.7% of the quarter's revenue. The same quarter a year earlier lost ₹2.6 Cr. 4 of the last 10 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹1.0 Cr (−98.1% on the year before).

On average over the last four quarters, profit changed −153.9% and revenue −8.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

Gem Aromatics Ltd reported ₹104 Cr of revenue in the Sep 2026 quarter, +16.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 5 years it has grown 3.6% a year on average. The last full year, FY26, came in at ₹366 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹392 Cr.

FY26 revenue was ₹366 Cr, −27.4% on the year before.

Recent pace: the last four quarters grew −8.7% on average, against 3.6% a year over the longer run, so this year is growing slower than its own long-run rate.

Gem Aromatics Ltd's operating margin was 7.6% in the Sep 2026 quarter, 4.2 percentage points higher than the same quarter a year ago. Across 6 years it has been between 10.0% and 18.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +4.2 percentage points on the year while gross margin changed +11.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 43% of Gem Aromatics Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹30.0 Cr of operating cash against ₹1.0 Cr of profit. After ₹102 Cr of spending on assets, free cash was −₹72.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 43% of profit came in as cash: the cash cycle got 200 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 200 days longer. The next section looks at where the cash is stuck.

Gem Aromatics Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 360 days in FY26, up from 160 days in FY21. It spent ₹248 Cr on assets over the last 3 years. Customers take 76 days to pay, and stock sits for 309 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹366 Cr, each day of that cycle ties up about ₹1.0 Cr, so roughly ₹361 Cr is tied up in the business at any time.

FY26: customers took 76 days to pay and stock sat for 309 days, about 10.2 months of sales sitting as stock, for a full cycle of 360 days, longer than FY21's 160.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 309 days. Customers pay about 76 days after that. Suppliers are paid at 25 days. Together that makes the 360-day cycle.

Spending on assets: ₹248 Cr over the last 3 years, against ₹36.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹6.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Gem Aromatics Ltd's P/E is 29.6×, in the middle of its own history: higher than 67% of past readings. Its usual P/E (the middle reading) is 26.8×, over 8 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −97.6% while the price moved −33.7%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Gem Aromatics Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Gem Aromatics Ltd earned a ROCE of 3% in FY26. Its return on capital used (ROIC) is 12.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 0.3% net margin and 0.57× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 0.3% net margin × 0.57× asset turnover × 1.43× leverage (assets divided by equity) ≈ 0.2% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: −0.7% − 12.0% = −12.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The −0.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 0.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Gem Aromatics Ltd has total debt of ₹152 Cr against shareholder equity of ₹450 Cr as of Jun 2026, so its debt is 0.34× its equity. Year by year, that ratio went from 0.80 in FY25 to 0.34 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters raised their stake in Gem Aromatics Ltd by 2.4 percentage points over 4 quarters, the biggest change among its owners. Promoters now own 57.4% of the company. Foreign institutions moved −1.6 points over the same period, to 0.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: +2.4 points over 4 quarters, to 57.4%; Foreign institutions: −1.6 points over 4 quarters, to 0.4%; Domestic institutions: −1.6 points over 4 quarters, to 5.0%.

Why the owners changed: promoters drove it (+2.4 points), with the other side taken by foreign institutions (−1.6 points). They raised their stake step by step.

For Gem Aromatics Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

32.2 out of 100, rank 17 of 20 in Chemicals - Organic, with 51% of the evidence available.

Gem Aromatics Ltd scores 32.2 out of 100 against the 20 companies it is compared with in Chemicals - Organic, ranking 17. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 10.2 + 4.5 + 10 + 7.5 = 32.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Gem Aromatics ranks 17 of 20 Chemicals - Organic companies on the 4-Factor Sector Score, with 32.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Chemicals - Organic, all 20 compared on one page.

Gem Aromatics is the 19th largest of 20 Chemicals - Organic companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Indo Amines, Valiant Organics, OCCL, Fairchem Organics and Shree Ganesh Remedies. Just below it: GFL.

Chemicals - Organic companies close in size

14. Indo Amines Ltd ₹865 crore
15. Valiant Organics Ltd ₹864 crore
16. OCCL Ltd ₹841 crore
17. Fairchem Organics Ltd ₹801 crore
18. Shree Ganesh Remedies Ltd ₹792 crore
19. Gem Aromatics Ltd ₹716 crore
20. GFL Ltd ₹568 crore

All 20 Chemicals - Organic companies, largest first

Companies close in size in other industries

1795. Sterling Tools Ltd ₹719 crore · Castings, Forgings & Fastners
1796. Welspun Investments & Commercials Ltd ₹718 crore · Finance - Investment/Others
1797. Gem Aromatics Ltd ₹716 crore
1798. NCL Industries Ltd ₹715 crore · Cement
1799. Everest Industries Ltd ₹714 crore · Pre-Engineering Buildings

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.