Mahickra Chemicals Peer Comparison

NSE: MAHICKRA

₹301.00

₹4.00 (1.35%)

As on 31-Aug-2026 14:23IST

Market cap

₹290 Cr

Revenue (TTM)

₹88 Cr

P/E Ratio

56.3

P/B Ratio

4.3

Div. Yield

0.1 %

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	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Market cap (₹ Cr)	290	23,929	22,053	19,444	16,611
Revenue (₹ Cr)	88	8,575	1,224	9,013	2,258
Net Profit (₹ Cr)	2.53	783.41	235.19	531.00	387.86
Net Margin (%)	2.79	9.08	18.79	5.88	16.65
RoE (%)	7.34	13.96	10.03	8.95	15.03
Price to Earnings	56.32	30.55	93.76	36.62	42.83
Price-To-Book	4.35	3.87	8.77	3.19	5.96

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Operating Revenue	88.16	8,281.93	838.69	7,269.42	2,109.36
Total Income	90.78	8,365.79	880.33	7,297.25	2,163.76
Total Expenditure	85.66	7,186.88	597.53	6,282.62	1,668.27
EBITDA	2.49	1,095.05	241.16	986.80	441.09
Depreciation	0.30	195.36	45.01	434.27	41.23
EBIT	2.20	899.69	196.15	552.53	399.86
Interest	1.29	30.80	12.93	275.44	8.78
Other Income	2.62	83.86	41.64	27.83	54.40
Exceptional Items	--	--	-11.87	2.37	--
Profit before Tax	3.53	952.75	212.98	307.29	445.48
Provision for Tax	0.99	255.38	54.57	-23.64	114.26
Profit after Tax	2.53	697.37	158.42	330.93	331.22

Liabilities (₹ Cr)

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Shareholder's Funds	35.70	5,388.67	2,225.89	5,605.12	2,371.79
Minority Interest	--	35.99	--	0.10	--
Non-Current Liabilities	0.47	1,358.60	67.63	1,823.91	63.11
Current Liabilities	32.11	922.76	350.70	3,466.40	247.09
Total Liabilities	68.28	7,706.02	2,644.22	11,113.52	2,681.99

Assets (₹ Cr)

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Non-Current Assets	6.75	4,408.91	1,506.05	8,000.79	1,624.71
Current Assets	61.52	3,297.11	1,138.17	2,894.74	1,053.12
Total Assets	68.28	7,706.02	2,644.22	11,113.52	2,681.99
Total Debt*	15.30	1,170.53	182.53	3,789.55	15.21
Net Current Assets	29.41	2,374.35	787.47	-571.66	806.03
Contingent Liabilities	5.85	0.53	13.88	320.61	108.28

Cashflow (₹ Cr)

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Cash From Operating Activities	-0.19	624.70	100.09	1,237.62	329.72
Cash Flow from Investing Activities	-0.16	-1,491.33	-417.89	-1,393.35	-274.50
Cash from Financing Activities	0.40	806.16	1.92	-73.17	-52.05
Net Cash Inflow / Outflow	0.05	-60.47	-315.88	-228.90	3.17

Ratios

Profitability Ratios

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
ROCE (%)	9.86	17.00	9.74	6.39	20.41
ROE (%)	7.34	13.69	7.41	6.08	15.00
ROA (%)	3.92	10.11	6.28	3.17	13.23
EBIT Margin (%)	5.81	14.23	33.72	13.96	23.49
Net Margin (%)	2.79	8.34	18.00	4.53	15.31
Cash Profit Margin (%)	3.21	10.70	24.24	9.47	17.63

Growth Ratios

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Revenue Growth (%)	22.58	7.81	40.21	14.11	25.78
EBIT Growth (%)	74.06	-1.97	64.94	3.01	54.33
Net Profit Growth (%)	135.98	-14.00	92.05	-20.54	62.93
EPS Growth (%)	135.98	-14.02	91.99	-20.56	62.93
Book Value Growth (%)	7.11	12.34	7.80	5.85	15.99

Valuation Ratios

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Price / Earnings	40.22	38.79	69.53	42.79	27.61
Price / Book Value	2.85	5.02	4.96	2.53	3.86
Dividend Yield (%)	0.16	0.38	0.00	0.26	0.30
EV/EBITDA	22.88	23.59	38.74	17.40	18.24
Market Cap (₹ Cr)	101.85	27,044.64	11,014.26	14,156.47	9,144.50

Solvency Ratios

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Debt to Equity	0.43	0.22	0.08	0.68	0.01
Short term debt to equity ratio	0.42	0.03	0.08	0.30	--
Current Ratio	1.92	3.57	3.25	0.84	4.26
Quick Ratio	0.93	2.57	2.11	0.42	3.01
Interest Coverage	3.73	31.93	17.47	2.12	51.74

Operating Efficiency Ratios

	Mahickra Chemicals	Deepak Nitrite	Aether	Aarti	Garware Hi-Tech
Debtors to sales (%)	28.98	15.38	34.41	10.81	1.99
Asset Turnover	1.37	1.21	0.33	0.77	0.84
Receivable days	101.50	56.28	113.43	37.06	6.92
Inventory Days	113.33	36.90	161.02	59.06	51.75
Payable days	70.79	33.64	100.66	84.85	57.67
Cash Conversion Cycle	144.04	59.53	173.80	11.27	1.00