Indian Emulsifiers (NSE:IEML) Cash Conversion Cycle: 205.25 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:IEML Indian Emulsifiers Ltd NSE:IEML
17 GF Score
Price ₹41.75
! 6 Warning Signs
View Full Analysis

What is Indian Emulsifiers Cash Conversion Cycle?

Indian Emulsifiers NSE:IEML -3.02% 17 Cash Conversion Cycle is 205.25 as of Mar. 2026. GuruFocus rates NSE:IEML with a GF Score™ of 17/100. The stock has 6 warning signs investors should review.

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Indian Emulsifiers's Days Sales Outstanding for the six months ended in Mar. 2026 was 128.01.
Indian Emulsifiers's Days Inventory for the six months ended in Mar. 2026 was 128.88.
Indian Emulsifiers's Days Payable for the six months ended in Mar. 2026 was 51.64.
Therefore, Indian Emulsifiers's Cash Conversion Cycle (CCC) for the six months ended in Mar. 2026 was 205.25.


Indian Emulsifiers  (NSE:IEML) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Indian Emulsifiers Cash Conversion Cycle Related Terms


Indian Emulsifiers Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Indian Emulsifiers's Cash Conversion Cycle can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indian Emulsifiers Cash Conversion Cycle Chart

Indian Emulsifiers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial 88.98 99.56 144.95 195.42 202.16

Indian Emulsifiers Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only 201.10 180.85 242.18 182.05 205.25

NSE:IEML vs LIN, SHW, ECL: Cash Conversion Cycle Comparison

For the Specialty Chemicals subindustry, Indian Emulsifiers's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indian Emulsifiers Cash Conversion Cycle vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indian Emulsifiers's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Indian Emulsifiers's Cash Conversion Cycle falls into.


NSE:IEML
17GF Score
Indian Emulsifiers Ltd NSE:IEML
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Emulsifiers Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Indian Emulsifiers's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=100.4+150.55-48.79
=202.16

Indian Emulsifiers's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=128.01+128.88-51.64
=205.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 205.25 mean?
Indian Emulsifiers (NSE:IEML) has a Cash Conversion Cycle of 205.25 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Indian Emulsifiers and its competitors.
Is Indian Emulsifiers' Cash Conversion Cycle too high?
Indian Emulsifiers' current Cash Conversion Cycle is 205.25. The Chemicals industry median Cash Conversion Cycle is 89.36. Indian Emulsifiers' value of 205.25 is 129.7% above this industry median. Overall, Indian Emulsifiers has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Indian Emulsifiers' Cash Conversion Cycle compare to LIN and SHW?
Indian Emulsifiers' Cash Conversion Cycle of 205.25 can be compared against companies in the Chemicals industry. The industry median Cash Conversion Cycle is 89.36. Indian Emulsifiers' value of 205.25 is 129.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Chemicals company?
The median Cash Conversion Cycle among Chemicals companies is 89.36, based on 1,579 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indian Emulsifiers's current Cash Conversion Cycle of 205.25 is 129.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Indian Emulsifiers and its competitors. For the Chemicals industry, the median Cash Conversion Cycle is 89.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Emulsifiers's current Cash Conversion Cycle is 205.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Emulsifiers stock overvalued right now?
Indian Emulsifiers (NSE:IEML) has a current Cash Conversion Cycle of 205.25. The current Cash Conversion Cycle is 205.25 and 129.7% above the Chemicals industry median of 89.36. Indian Emulsifiers' overall GF Score™ is 17/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Indian Emulsifiers (NSE:IEML), the current Cash Conversion Cycle is 205.25 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Indian Emulsifiers Business Description

Address Shivram Seth Amrutwar Road, Off Pandurang Budhwar Marg, Shop 206, Foor-2, Sumer Kendra, Near Doordarshan Kendra, Worli, Mumbai, MH, IND, 400018
Indian Emulsifiers Ltd is engaged in Manufacturing and Supplying of Specialty Chemicals. Its product include Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company serves specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, Metal Working, Lubricants, Food and Other Industries.
17GF Score

Get the complete analysis for NSE:IEML

Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹41.75
Price