Ishan Dyes and Chemicals (BOM:531109) Cyclically Adjusted PS Ratio: 0.68 (As of Sep. 12, 2026) — 22% Below Median

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BOM:531109 Ishan Dyes and Chemicals Ltd BOM:531109
64 GF Score
Price ₹43.77
GF Value ₹62.13
Valuation Possible Value Trap
! 4 Warning Signs
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What is Ishan Dyes and Chemicals Cyclically Adjusted PS Ratio?

Ishan Dyes and Chemicals BOM:531109 -2.73% 64 Cyclically Adjusted PS Ratio is 0.68 as of Sep. 12, 2026, which is 22% below its 10-year median of 0.87. GuruFocus rates BOM:531109 with a GF Score™ of 64/100 and a GF Value™ of ₹62.13 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,273 Chemicals companies, Ishan Dyes and Chemicals ranks better than 70.15% on this metric.

As of today (2026-09-12), Ishan Dyes and Chemicals's current share price is ₹43.77. Ishan Dyes and Chemicals's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹64.51. Ishan Dyes and Chemicals's Cyclically Adjusted PS Ratio for today is 0.68.

The historical rank and industry rank for Ishan Dyes and Chemicals's Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:531109' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.87   Max: 2.25
Current: 0.68

During the past years, Ishan Dyes and Chemicals's highest Cyclically Adjusted PS Ratio was 2.25. The lowest was 0.38. And the median was 0.87.

BOM:531109's Cyclically Adjusted PS Ratio is ranked better than
70.15% of 1273 companies
in the Chemicals industry
Industry Median: 1.35 vs BOM:531109: 0.68

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Ishan Dyes and Chemicals's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹16.057. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹64.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ishan Dyes and Chemicals  (BOM:531109) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Ishan Dyes and Chemicals Cyclically Adjusted PS Ratio Related Terms


Ishan Dyes and Chemicals Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ishan Dyes and Chemicals's Cyclically Adjusted PS Ratio 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.

Ishan Dyes and Chemicals Cyclically Adjusted PS Ratio Chart

Ishan Dyes and Chemicals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.96 0.74 0.69 0.60 0.73

Ishan Dyes and Chemicals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.97 1.03 0.73 0.90

BOM:531109 vs DOW: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, Ishan Dyes and Chemicals's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Ishan Dyes and Chemicals Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ishan Dyes and Chemicals's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ishan Dyes and Chemicals's Cyclically Adjusted PS Ratio falls into.


BOM:531109
64GF Score
Ishan Dyes and Chemicals Ltd BOM:531109
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ishan Dyes and Chemicals Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Ishan Dyes and Chemicals's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.77/64.51
=0.68

* 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.

Ishan Dyes and Chemicals's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ishan Dyes and Chemicals's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.057/167.3573*167.3573
=16.057

Current CPI (Jun. 2026) = 167.3573.

Ishan Dyes and Chemicals Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 25.610 105.961 40.449
201612 12.518 105.196 19.915
201703 13.836 105.196 22.012
201706 8.895 107.109 13.898
201709 17.252 109.021 26.483
201712 15.594 109.404 23.854
201803 17.452 109.786 26.604
201806 17.594 111.317 26.451
201809 19.642 115.142 28.549
201812 10.836 115.142 15.750
201903 11.513 118.202 16.301
201906 16.263 120.880 22.516
201909 16.199 123.175 22.010
201912 12.650 126.235 16.771
202003 12.585 124.705 16.889
202006 8.127 127.000 10.710
202009 10.767 130.118 13.848
202012 15.062 130.889 19.259
202103 17.221 131.771 21.872
202106 13.509 134.084 16.861
202109 11.305 135.847 13.927
202112 8.389 138.161 10.162
202203 19.281 138.822 23.244
202206 13.281 142.347 15.614
202209 8.100 144.661 9.371
202212 5.492 145.763 6.306
202303 7.598 146.865 8.658
202306 5.772 150.280 6.428
202309 11.068 151.492 12.227
202312 6.901 152.924 7.552
202403 12.684 153.035 13.871
202406 15.725 155.789 16.893
202409 14.624 157.882 15.502
202412 8.647 158.323 9.140
202503 7.919 157.552 8.412
202506 7.501 159.755 7.858
202509 3.124 162.289 3.222
202512 7.151 163.281 7.330
202603 12.139 164.272 12.367
202606 16.057 167.357 16.057

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.68 mean?
Ishan Dyes and Chemicals (BOM:531109) has a Cyclically Adjusted PS Ratio of 0.68 as of Sep. 12, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ishan Dyes and Chemicals and its competitors. This is 22% below median its historical median of 0.87. Over the past decade, Ishan Dyes and Chemicals' Cyclically Adjusted PS Ratio has ranged from 0.38 to 2.25. According to the industry distribution chart, Ishan Dyes and Chemicals ranks #380 out of 1273 companies in the Chemicals industry, placing it in the top 29.9%.
Is Ishan Dyes and Chemicals' Cyclically Adjusted PS Ratio too high?
Ishan Dyes and Chemicals' current Cyclically Adjusted PS Ratio of 0.68 is 22% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.25. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.35. Ishan Dyes and Chemicals' value of 0.68 is 49.6% below this industry median. Based on the distribution chart, Ishan Dyes and Chemicals ranks #380 out of 1273 companies in the Chemicals industry, which is above the industry midpoint. Overall, Ishan Dyes and Chemicals has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ishan Dyes and Chemicals' Cyclically Adjusted PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, Ishan Dyes and Chemicals ranks #380 out of 1273 companies for Cyclically Adjusted PS Ratio. This puts Ishan Dyes and Chemicals in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.35. Ishan Dyes and Chemicals' value of 0.68 is 49.6% below this benchmark. Historically, Ishan Dyes and Chemicals' own Cyclically Adjusted PS Ratio has ranged from 0.38 to 2.25 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 1.35, Ishan Dyes and Chemicals has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.35, based on 1,273 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ishan Dyes and Chemicals's current Cyclically Adjusted PS Ratio of 0.68 is 49.6% below 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ishan Dyes and Chemicals and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ishan Dyes and Chemicals's current Cyclically Adjusted PS Ratio is 0.68, which is 22% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ishan Dyes and Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Ishan Dyes and Chemicals (BOM:531109) is currently considered Possible Value Trap. The stock's GF Value™ is ₹62.13, compared to a current price of ₹43.77 — trading 29.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.68, which is 22% below median its 10-year median of 0.87 and 49.6% below the Chemicals industry median of 1.35. Ishan Dyes and Chemicals' overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Ishan Dyes and Chemicals (BOM:531109), the current Cyclically Adjusted PS Ratio is 0.68 as of Sep. 12, 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.

Is Ishan Dyes and Chemicals (BOM:531109) Overvalued in 2026?

Based on GuruFocus' analysis, Ishan Dyes and Chemicals stock appears to be undervalued. The current stock price of ₹43.77 is trading 29.6% below its estimated GF Value™ of ₹62.13. GuruFocus considers Ishan Dyes and Chemicals to be Possible Value Trap.

Key valuation signals for BOM:531109:

  • Cyclically Adjusted PS Ratio: 0.68 (22% below median its 10-year median of 0.87)
  • GF Value™: ₹62.13 vs. price of ₹43.77 (29.6% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 49.6% below the Chemicals median (#380 of 1273)

No single metric tells the full story. See the BOM:531109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ishan Dyes and Chemicals Business Description

Other Exchanges ISHANCH:India
Address 18, G.I.D.C Estate, Phase - 1, Vatva, Ahmedabad, GJ, IND, 382 445
Ishan Dyes and Chemicals Ltd is an India-based company that manufactures chemicals. The company's principal product includes Phthalocyanine blue products. It offers various categories of products such as CPC Blue, Pigment Alpha Blues, and Pigment Beta Blue. In addition, the company manufactures a range of solvent dyes that are soluble in organic solvents. It provides phthalocyanine blue pigments for plastics, water-based, and offset inks and paint.
64GF Score

Get the complete analysis for BOM:531109

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹43.77
Price
₹62.13
GF Value