About
Resonance Specialties Limited engages in the manufacture and marketing of specialty chemicals in India and internationally. It offers pyridine, a chemical used in agrochemicals, pharmaceuticals, latexes, food, and allied industries, as well as to manufacture vitamins, medicines, food flavoring, dyes, adhesives, pesticides, herbicides, etc.; and picolines, including beta and gamma picolines used in manufacturing vinyl latex rubber, vitamin B3, and anti-tuberculosis drugs. The company also provides nutritional drug products, such as zinc and chromium picolinate, chromium polynicotinate, niacin, pyrazinamide and isoniazid; alpha picolinic and dipicolinic acids; solvents comprising acetonitrile and valeronitrile; and lutidines and collidines for anti-ulcer drugs. The company was formerly known as Armour Polymers Limited. Resonance Specialties Limited was incorporated in 1989 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap186 Cr
P/E12.80
Div Yield0.62 %
Book Value₹63.40
52w High₹188.00
52w Low₹77.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32.58 | 24.48 | 22.96 | 21.53 | 21.27 | 24.20 | 18.24 | 18.06 | 17.30 | 16.36 | 15.34 | 10.14 | 13.46 |
| Expenses | 25.12 | 18.84 | 19.51 | 19.17 | 18.72 | 19.95 | 16.35 | 15.71 | 15.22 | 15.31 | 14.02 | 9.22 | 11.87 |
| Operating Profit | 7.46 | 5.64 | 3.45 | 2.36 | 2.55 | 4.25 | 1.89 | 2.35 | 2.08 | 1.05 | 1.32 | 0.92 | 1.59 |
| OPM % | 22.90 | 23.04 | 15.03 | 10.96 | 11.99 | 17.56 | 10.36 | 13.01 | 12.02 | 6.42 | 8.60 | 9.07 | 11.81 |
| Other Income | 0.54 | 0.74 | 0.32 | 0.35 | 0.23 | 0.07 | 0.30 | 0.45 | -0.64 | 0.29 | 0.25 | 0.25 | 0.14 |
| Depreciation | 0.34 | 0.34 | 0.34 | 0.33 | 0.33 | 0.11 | 0.48 | 0.49 | 0.48 | 0.37 | 0.38 | 0.36 | 0.35 |
| Interest | 0.01 | 0.05 | 0.05 | 0.06 | 0.08 | 0.03 | 0.08 | 0.10 | 0.10 | 0.12 | 0.11 | 0.09 | 0.07 |
| Profit before tax | 7.65 | 5.99 | 3.38 | 2.32 | 2.37 | 4.18 | 1.63 | 2.21 | 0.86 | 0.85 | 1.08 | 0.72 | 1.31 |
| Tax % | 24.97 | 23.37 | 26.04 | 28.88 | 31.22 | 26.79 | 31.90 | 18.10 | 31.40 | 21.18 | 11.11 | 36.11 | 33.59 |
| Net Profit | 5.74 | 4.60 | 2.51 | 1.66 | 1.63 | 3.06 | 1.12 | 1.81 | 0.59 | 0.67 | 0.96 | 0.46 | 0.87 |
| EPS in Rs | 4.97 | 3.98 | 2.17 | 1.44 | 1.41 | 2.65 | 0.97 | 1.57 | 0.51 | 0.58 | 0.83 | 0.40 | 0.75 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 90.00 | 78.00 | 55.00 | 58.00 | 76.00 | 70.00 | 56.00 | 41.00 | 36.00 | 34.00 | 39.00 | 38.00 |
| Expenses | 76.00 | 67.00 | 50.00 | 51.00 | 59.00 | 56.00 | 48.00 | 37.00 | 35.00 | 32.00 | 36.00 | 37.00 |
| Operating Profit | 14.00 | 11.00 | 5.00 | 7.00 | 17.00 | 14.00 | 8.00 | 5.00 | 1.00 | 2.00 | 3.00 | 1.00 |
| OPM % | 16.00 | 14.00 | 9.00 | 12.00 | 22.00 | 20.00 | 14.00 | 12.00 | 1.80 | 6.00 | 8.00 | 3.30 |
| Other Income | 2.00 | 0.00 | 1.00 | 2.00 | 1.00 | 2.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 | 2.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 |
| Depreciation | 1.00 | 2.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 14.00 | 9.00 | 4.00 | 7.00 | 16.00 | 15.00 | 7.00 | 5.00 | 0.00 | 1.00 | 2.00 | 1.00 |
| Tax % | 26.00 | 26.00 | 25.00 | 27.00 | 24.00 | 28.00 | 20.00 | 33.00 | 2,700.00 | 26.00 | 28.00 | 7.00 |
| Net Profit | 10.00 | 7.00 | 3.00 | 5.00 | 12.00 | 11.00 | 6.00 | 3.00 | -1.00 | 1.00 | 1.00 | 1.00 |
| EPS in Rs | 9.01 | 5.69 | 2.57 | 4.33 | 10.71 | 9.11 | 4.77 | 2.77 | -0.67 | 0.89 | 1.03 | 1.11 |
| Dividend Payout % | 11.00 | 18.00 | 0.00 | 23.00 | 9.00 | 11.00 | 21.00 | 0.00 | 0.00 | 0.00 | 0.00 | 45.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Reserves | 62.00 | 52.00 | 46.00 | 44.00 | 40.00 | 29.00 | 19.00 | 15.00 | 12.00 | 12.00 | 11.00 | 10.00 |
| Borrowings | 2.00 | 3.00 | 4.00 | 2.00 | 0.00 | 1.00 | 0.00 | 0.00 | 3.00 | 4.00 | 2.00 | 3.00 |
| Other Liabilities | 17.00 | 8.00 | 12.00 | 8.00 | 5.00 | 13.00 | 11.00 | 12.00 | 10.00 | 12.00 | 8.00 | 10.00 |
| Total Liabilities | 92.00 | 76.00 | 74.00 | 66.00 | 57.00 | 55.00 | 41.00 | 38.00 | 37.00 | 40.00 | 32.00 | 35.00 |
| Fixed Assets | 21.00 | 21.00 | 23.00 | 20.00 | 14.00 | 16.00 | 14.00 | 14.00 | 15.00 | 15.00 | 14.00 | 14.00 |
| CWIP | 4.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Investments | 12.00 | 0.00 | 3.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 57.00 | 54.00 | 48.00 | 45.00 | 42.00 | 38.00 | 25.00 | 23.00 | 22.00 | 25.00 | 18.00 | 20.00 |
| Total Assets | 92.00 | 76.00 | 74.00 | 66.00 | 57.00 | 55.00 | 41.00 | 38.00 | 37.00 | 40.00 | 32.00 | 35.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 17.00 | -3.00 | 4.00 | -8.00 | 13.00 | 4.00 | 1.00 | 5.00 | 2.00 | 1.00 | 3.00 | 1.00 |
| Cash from Investing Activity | -15.00 | 4.00 | -7.00 | 3.00 | -9.00 | -1.00 | -2.00 | 0.00 | -1.00 | -3.00 | -1.00 | 0.00 |
| Cash from Financing Activity | -2.00 | -1.00 | 0.00 | 1.00 | -2.00 | 0.00 | 1.00 | -4.00 | -1.00 | 2.00 | -2.00 | -2.00 |
| Net Cash Flow | 0.00 | 0.00 | -2.00 | -4.00 | 3.00 | 3.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Free Cash Flow | 14.00 | -4.00 | 0.00 | -16.00 | 13.00 | 3.00 | -1.00 | 5.00 | 1.00 | -2.00 | 2.00 | 1.00 |
| CFO/OP % | 141.00 | -5.00 | 117.00 | -93.00 | 110.00 | 61.00 | 47.00 | 107.00 | 362.00 | 28.00 | 122.00 | 103.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56.00 | 105.00 | 89.00 | 78.00 | 40.00 | 49.00 | 40.00 | 67.00 | 68.00 | 80.00 | 66.00 | 99.00 |
| Inventory Days | 319.00 | 316.00 | 341.00 | 646.00 | 176.00 | 236.00 | 232.00 | 180.00 | 212.00 | 397.00 | 159.00 | 134.00 |
| Days Payable | 113.00 | 65.00 | 134.00 | 138.00 | 17.00 | 121.00 | 114.00 | 139.00 | 127.00 | 262.00 | 108.00 | 116.00 |
| Cash Conversion Cycle | 263.00 | 356.00 | 295.00 | 587.00 | 198.00 | 164.00 | 158.00 | 108.00 | 152.00 | 215.00 | 117.00 | 117.00 |
| Working Capital Days | 156.00 | 206.00 | 221.00 | 212.00 | 143.00 | 99.00 | 82.00 | 93.00 | 80.00 | 85.00 | 74.00 | 71.00 |
| ROCE % | 20.00 | 15.00 | 7.00 | 13.00 | 35.00 | 41.00 | 31.00 | 20.00 | 2.00 | 7.00 | 9.00 | 4.00 |
Corporate Actions
8 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 28 Jul 2026 | 28 Jul 2026 | — | 1.00 | |
| Dividend | 29 Jul 2025 | 29 Jul 2025 | — | 1.00 | |
| Dividend | 01 Aug 2023 | — | — | 1.00 | |
| Dividend | 04 Aug 2022 | 05 Aug 2022 | — | 1.00 | |
| Dividend | 18 Aug 2021 | 20 Aug 2021 | — | 1.00 | |
| Dividend | 12 Mar 2020 | 13 Mar 2020 | — | 1.00 | |
| Dividend | 15 Sep 2015 | — | — | 0.50 | |
| Dividend | 05 Aug 2014 | — | — | 0.50 |