Indian Toners & Developers Ltd (INDTONER) — shareholding pattern, promoter holding, financials and share price
About Indian Toners & Developers Ltd (INDTONER)
Indian Toners & Developers Ltd operates in the Specialty Chemicals industry, within the Chemicals sector. It trades on the NSE as INDTONER and on the BSE under scrip code 523586. Its ISIN is INE826B01018.
Incorporated in 1990, Indian Toners & Developers Ltd manufactures Compatible Toners [1]
Indian Toners and Developers Limited (ITDL) is India's largest manufacturer and exporter of compatible toners used in laser printers, digital machines, and copiers.
ITDL has established itself as the market leader in toner manufacturing in India, with the widest distribution network of over 115 distributors and over 60 direct dealers.
Listed peers in Specialty Chemicals: Dynemic Products Ltd, Diamines & Chemicals Ltd, India Gelatine & Chemicals Ltd, Chembond Material Technologies Ltd, Dai-ichi Karkaria Ltd, Patel Chem Specialities Ltd.
Valuation & Returns
10 Jul 2026At ₹293.5 a share on 10 Jul 2026, Indian Toners & Developers Ltd (INDTONER) was valued at a price-to-earnings ratio of 11.25x against an industry P/E of 45.11x and a price-to-book of 1.84x on a book value of ₹159.11 per share as of Mar 2022. Solomo computes return on equity of 16.4% and return on capital employed of 18.5% from filed results. Earnings ratios use consolidated results for the twelve months Mar 2022 to Dec 2022.
- P/E
- 11.25x
- Industry P/E
- 45.11x
- P/B
- 1.84x
- EPS (TTM)
- ₹26.09
- Book value / share
- ₹159.11
- ROE
- 16.4%
- ROCE
- 18.5%
- ROA
- 14.44%
- Debt / equity
- 0x
- Dividend yield
- 2.04%
- EBITDA margin
- 23.35%
- 52-week range
- ₹215.4 – ₹300
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2022In the year ended Mar 2022, Indian Toners & Developers Ltd (INDTONER) reported revenue of ₹120 crore, net profit of ₹21 crore and earnings per share of ₹19.12. That compares with revenue of ₹89 crore and net profit of ₹13 crore in Mar 2021. Figures are consolidated, as filed with the exchanges.
In the quarter ended Dec 2022, revenue was ₹39.68 crore and net profit ₹7.57 crore (consolidated).
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 112 | 115 | 92 | 89 | 120 |
| Net profit (₹ cr) | 24 | 20 | 12 | 13 | 21 |
| EPS (₹) | 18.27 | 15.14 | 9.02 | 12.22 | 19.12 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 4.11% | 13.44% | 2.24% | 34.59% |
| Profit growth | 1.59% | 14.98% | 1.15% | 56.41% |
| Stock price CAGR | 8% | 9% | 1% | 10% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 69.25% of Indian Toners & Developers Ltd (INDTONER) (unchanged from the previous quarter) and domestic institutional investors (DII) hold 0.03%. Market capitalisation was ₹305 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2002.
Largest disclosed public shareholders in Jun 2026: SANGEETHA S 2.28%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 69.25% | - | - | 0.03% | 30.75% |
| Mar 2026 | 69.25% | - | - | 0.03% | 30.75% |
| Dec 2025 | 69.25% | - | - | 0.03% | 30.75% |
| Sep 2025 | 69.25% | - | - | 0.03% | 30.75% |
| Jun 2025 | 69.25% | - | - | 0.03% | 30.75% |
| Mar 2025 | 69.25% | - | - | 0.03% | 30.75% |
| Dec 2024 | 69.25% | - | - | 0.03% | 30.75% |
| Sep 2024 | 69.25% | - | - | 0.03% | 30.75% |