Indokem share price today

Indokem Ltd's share price was ₹619.90 at the close on 4 November 2026. It has been rising for 11 weeks. That is 6.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹463 and ₹878, and at that close it sat 38% 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 Indokem Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row.

Over the last 11 years the share price moved +13,957% while the NIFTY 500 moved +241%, so it is ahead of the index over that whole period. 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.

Two changes stood out: profit grew again in the June 2026 quarter and revenue grew again in the June 2026 quarter.

1. Profit grew again in the June 2026 quarter

   Profit was ₹1 crore, +52.9% on a year earlier (₹1 crore), after 2 quarters of decline.

2. Revenue grew again in the June 2026 quarter

   Revenue was ₹47 crore, +12.2% on a year earlier (₹42 crore), after 3 quarters of decline.

For April to June 2026 (the quarter ended 30 June 2026), Indokem reported revenue of ₹46.6 crore, up 12.2% from ₹41.6 crore a year earlier, and a profit of ₹1.07 crore, up 52.9% from ₹0.70 crore.

Indokem results: April to June 2026 against a year earlier

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

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

Indokem closed at ₹619.90 on 4 November 2026, down 22.3% from ₹797.60 a year earlier (7 November 2025) and up 1,520.7% over five years. Its highest weekly close since March 2016 was ₹878.25 on 14 November 2025.

Indokem 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.

539 weekly closes from 18 March 2016 to 4 November 2026.

4 Nov 2026: Indokem closed at ₹619.90, down 3.6% on the week and up 2.9% on the month. Results for April to June 2026: Revenue up 12.2% and profit up 52.9% on a year earlier.

Indokem has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Indokem Ltd paid out 0% of its profit as dividends in each of its last 10 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.

Indokem is on one of our India lists: Momentum stocks.

Indokem Ltd earned ₹1.1 Cr of net profit in the Jun 2026 quarter, +52.9% on the same quarter a year earlier. Full-year FY26 profit was ₹2.0 Cr. Over 20 years profit has grown 3.5% a year on average. That is 2.3% of the quarter's revenue. The same quarter a year earlier earned ₹0.7 Cr.

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

5 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹2.0 Cr (−33.3% on the year before).

Why profit moved: revenue changed +12.2% on a year earlier and the margin moved +0.5 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −27.8% and revenue −3.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

Indokem Ltd reported ₹46.6 Cr of revenue in the Jun 2026 quarter, +12.2% on the same quarter a year earlier. Over 20 years it has grown 4.7% a year on average. The last full year, FY26, came in at ₹169 Cr. The last four reported quarters add to ₹174 Cr.

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

FY26 revenue was ₹169 Cr, −5.1% on the year before.

Recent pace: the last four quarters grew −3.6% on average, against 4.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −4.5%, against +5.2% a year over the last 8 quarters (rolling over).

Indokem Ltd's operating margin was 4.8% in the Jun 2026 quarter, 0.5 percentage points higher than the same quarter a year ago. Across 10 years it has been between −41.0% and 10.0%. The latest quarter is within that range.

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 +0.5 percentage points on the year while gross margin changed +1.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years Indokem Ltd's operations used more cash than they brought in, so cash conversion was −67%, a gap worth watching. In FY26 its operations used ₹4.0 Cr of cash, against ₹2.0 Cr of profit. After −₹4.0 Cr of spending on assets, ₹0.0 Cr was left over as free cash.

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 −67% of profit came in as cash: the cash cycle got 31 days longer between FY10 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 31 days longer. The next section looks at where the cash is stuck.

Indokem Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 79 days in FY26, up from 48 days in FY10. It spent ₹4.0 Cr on assets over the last 3 years. Customers take 92 days to pay, and stock sits for 115 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 ₹169 Cr, each day of that cycle ties up about ₹0.5 Cr, so roughly ₹37.0 Cr is tied up in the business at any time.

FY26: customers took 92 days to pay and stock sat for 115 days, about 3.8 months of sales sitting as stock, for a full cycle of 79 days, longer than FY10's 48.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 115 days. Customers pay about 92 days after that. Suppliers are paid at 129 days. Together that makes the 79-day cycle.

Spending on assets: ₹4.0 Cr over the last 3 years, against ₹7.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 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.

Indokem Ltd's P/E is 771.5×, near the high end of its own history: higher than 84% of past readings. Its usual P/E (the middle reading) is 347.3×, over 1 year 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 −41.2% while the price moved −22.3%. 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.

Indokem 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 12 quarters of 2 measures, 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.

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.

Indokem Ltd earned a ROCE of 5% in FY26. That is up from a low of −22% in FY11. Its return on capital used (ROIC) is 7.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

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.

It comes from a 1.2% net margin and 1.17× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 1.2% net margin × 1.17× asset turnover × 2.23× leverage (assets divided by equity) ≈ 3.1% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 4.9% − 12.0% = −7.1 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.

Indokem Ltd has total debt of ₹27.0 Cr against shareholder equity of ₹65.0 Cr as of Jun 2026, so its debt is 0.42× its equity. Year by year, that ratio went from 0.34 in FY22 to 0.43 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.