Employees: 3,592
Size IOL Chemicals & Pharmaceuticals (IOLCP.NS) is an India Materials company (Chemicals: Specialty) with a market value of $569M, the 791st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹183.29 on 6 Nov 2026.
Performance Over six months the shares gained 87.4%, against -20.9% for the median peer and 0.0% for the India market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 18.6% over the last twelve months (peer median +11.1%); the operating margin is 9.1% (peer median 6.7%).
Valuation It trades at 21.6× forward earnings against a peer median of 12.5× (4th most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +26 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.7 points below its cost of capital (14.2% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹25.2B | ₹23.1B | ₹20.7B | ₹21.2B | ₹22.1B |
| Revenue growth | — | +12% | -2% | -4% | — |
| Gross profit | ₹5.79B | ₹2.89B | ₹2.34B | ₹2.70B | ₹2.75B |
| EBITDA | ₹3.10B | ₹2.63B | ₹1.96B | ₹2.23B | ₹2.20B |
| Net income | ₹1.68B | ₹1.38B | ₹1.01B | ₹1.34B | ₹1.39B |
| Free cash flow | n/a | ₹384M | -₹374M | ₹130M | -₹882M |
| Capital expenditure | n/a | ₹1.73B | ₹2.14B | ₹2.74B | ₹2.12B |
| Total debt | n/a | ₹1.35B | ₹1.17B | ₹328M | ₹798M |
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| Measure | IOLCP.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.8% | -12.7% | 9th lowest of 21 |
| 6-month return | +87.4% | -20.9% | highest of 21 |
| Distance from 52-week high | -18.2% | -42.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +18.6% | +11.1% | 9th highest of 21 |
| Operating margin | 9.1% | 6.7% | 8th highest of 21 |
| Forward P/E | 21.6× | 12.5× | 4th most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 29.8% | 15.3% | 2nd most demanding of 10 |
| Growth delivered (Del g) | +3.5% | +11.9% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | +26.4 pp | +3.3 pp | most demanding of 10 |
| ROIC minus cost of capital | -4.7 pp | -2.4 pp | 7th lowest of 21 |
| EV / EBITDA | 17.3× | 6.9× | 2nd most expensive of 9 |
| Net debt / EBITDA | -0.2× | 1.9× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| IOL Chemicals & Pharmaceuticals IOLCP.NS | India | $569M | +87% | +19% | 9% | 21.6× | 29.8% | +3.5% |
| Kanto Denka Kogyo 4047.T | Japan | $570M | -6% | +13% | 12% | 9.8× | n/a | n/a |
| Guangdong Yussen Energy Technology 002986.SZ | China | $571M | -30% | +57% | 2% | 7.4× | -5.0% | +27.8% |
| Koppers KOP | United States | $567M | -32% | -5% | 10% | 6.7× | -7.1% | +2.4% |
| Grand Pacific Petrochemical 1312.TW | Taiwan | $571M | +3% | +28% | -15% | 10.6× | n/a | n/a |
| Advanced Nano Products 121600.KS | South Korea | $565M | -23% | +33% | 12% | 57.5× | 28.1% | +18.2% |
| TSRC 2103.TW | Taiwan | $576M | +17% | 0% | 7% | n/a | n/a | n/a |
| Dainichiseika Color & Chemicals Mfg.Co 4116.T | Japan | $576M | +18% | +2% | 7% | n/a | 3.4% | -2.1% |
| MEC 4971.T | Japan | $578M | -47% | +29% | 31% | 14.4× | 17.2% | +11.9% |
| Shandong Sunway Chemical 002469.SZ | China | $579M | -20% | -19% | 3% | 24.6× | n/a | n/a |
| Jinneng Science & Technology 603113.SS | China | $559M | -34% | +6% | -4% | n/a | n/a | n/a |
| Hebei Jianxin Chemical Industry 300107.SZ | China | $581M | -6% | +39% | 11% | n/a | n/a | n/a |
| Skchem 285130.KS | South Korea | $588M | -27% | +27% | 0% | 33.8× | n/a | n/a |
| Shenzhen Jdd Tech New Material 301538.SZ | China | $591M | -33% | +10% | 18% | 14.6× | 15.3% | +25.6% |
| Shandong Fengyuan Chemical 002805.SZ | China | $591M | -38% | +281% | 1% | n/a | n/a | n/a |
| Everlight Chemical Industrial 1711.TW | Taiwan | $593M | -45% | -2% | -1% | n/a | n/a | n/a |
| Shandong Lubei Chemical 600727.SS | China | $545M | -15% | +6% | 7% | n/a | n/a | n/a |
| Guangzhou Lushan New Materials 603051.SS | China | $595M | +5% | -5% | 0% | n/a | 32.5% | +8.5% |
| Cytech 301557.SZ | China | $595M | -3% | +13% | 7% | n/a | n/a | n/a |
| Jiangsu Hengxing New Material Technology 603276.SS | China | $596M | +7% | +29% | 8% | n/a | 18.5% | +15.2% |
| Ishihara Sangyo Kaisha 4028.T | Japan | $596M | -22% | +1% | 11% | 9.5× | 1.1% | +8.8% |