Sudarshan Chemical Industries Ltd logo

Sudarshan Chemical Industries Ltd

SUDARSCHEM NSE

Key Fundamentals

MicrocapDyes & PigmentsChemicals
Market Cap
₹8,875 Cr
Volatility
Moderate
P/E Ratio
124.93
EBITDA
₹669 Cr
Return on Equity
1.06%
Debt to Equity
0.72
Book Value
₹442.77
EPS
₹17.32
52W High
₹1,603
52W Low
₹726.4

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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47 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 82.7%
  • Debtor days have improved from 93.5 to 62.6 days.
  • Company's working capital requirements have reduced from 91.5 days to 62.2 days

Weaknesses

3
  • Promoter holding is low: 8.19%
  • Company has a low return on equity of 3.01% over last 3 years.
  • Promoter holding has decreased over last 3 years: -27.6%

Growth Rate

Revenue Growth
191.99% ↗
Net Income Growth
-32.34% ↘
Cash Flow Change
382.47% ↗
ROE
-29.80% ↘
ROCE
116.06% ↗
EBITDA Margin (Avg.)
-44.74% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

Sudarshan Chemical Industries trades at a market cap of ₹7,273 Cr with a PE of 177.3x, reflecting a company that has delivered strong top-line growth (10-year sales CAGR of 21%) but has seen compounded profit decline of -13% over 10 years and -76% on a TTM basis. Promoter holding stands at just 8.19%, having fallen 27.6% over three years, while ROE has averaged only 3% over 3 years.

Bull Case 7
  • TTM sales growth of 193% indicates a massive revenue ramp-up, suggesting strong demand or capacity expansion kicking in
  • 10-year compounded sales CAGR of 21% demonstrates consistent top-line expansion over a long period
  • Debtor days improved from 93.5 to 62.6 days, indicating better working capital management and faster cash conversion
  • Company has maintained a healthy dividend payout ratio of 82.8%, returning significant earnings to shareholders
  • 3-year stock CAGR of 23% shows the market has rewarded the company over a medium-term horizon despite profit headwinds
  • 5-year compounded sales CAGR of 39% reflects an accelerating revenue trajectory in recent years
  • Company is expected to deliver a good upcoming quarter, potentially signaling a profit recovery inflection point
Bear Case 8
  • PE ratio of 177.3x is extremely elevated, implying the stock is priced for a massive earnings recovery that may not materialize
  • TTM compounded profit declined 76%, showing severe margin compression or one-off hits to profitability
  • Promoter holding at just 8.19% is unusually low, raising governance and alignment-of-interest concerns
  • Promoter holding has decreased by 27.6% over three years, signaling potential lack of promoter confidence
  • 3-year ROE of just 3% and last year ROE near 0% indicate the company is generating negligible returns on shareholder equity
  • 10-year compounded profit CAGR of -13% shows a structural inability to translate revenue growth into bottom-line earnings
  • 1-year stock return of -27% reflects recent sharp market de-rating amid earnings weakness
  • Price-to-book of 2.04x combined with near-zero ROE means investors are paying a premium for assets generating minimal returns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Positives 1
  • Promoter converts warrants to equity Jun 16

    Promoter Rajesh Rathi converted 9,80,000 warrants into equity shares at ₹1,019.75 each, increasing promoter holding to 9.32%. This signals promoter confidence in the company's valuation at current levels.

Neutral 2
  • Analyst meet with Anand Rathi Jun 24

    Sudarshan Chemical will hold a video conference with Anand Rathi Institutional Equities on June 26, 2026 at 11:00 AM IST. No unpublished price sensitive information will be discussed.

  • Analyst meet with Theleme Fund Jun 12

    Sudarshan Chemical hosted a one-on-one video conference with Theleme India Master Fund on June 17, 2026.

TL;DR: Sudarshan Chemical shows steady institutional engagement with multiple analyst meetings scheduled in June 2026. The key positive is promoter Rajesh Rathi's warrant conversion at ₹1,019.75, signaling confidence in the business outlook. No material headwinds emerged in the recent news flow. The trend is stable with promoter skin-in-the-game increasing, though limited operational updates make it hard to assess near-term momentum.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
608
601
566
764
634
696
666
1,349
2,507
2,387
2,103
2,790
2,642
Expenses
538
535
504
645
553
602
587
1,222
2,314
2,255
2,065
2,562
2,383
Operating Profit
70
66
62
119
81
94
79
127
192
132
38
227
259
OPM %
11%
11%
11%
16%
13%
14%
12%
9%
8%
6%
1.8%
8%
10%
Other Income
319
6
4
3
4
-6
-26
-38
33
38
-24
32
32
Interest
10
10
9
8
7
9
11
21
44
44
36
41
40
Depreciation
35
35
35
36
36
37
37
57
99
97
101
50
93
PBT
344
26
22
78
41
43
5
11
82
30
-123
168
157
Tax %
22%
32%
34%
26%
28%
30%
89%
97%
33%
35%
-6%
51%
34%
Net Profit
267
18
15
58
29
30
1
0
55
19
-116
82
103
EPS in Rs
38.56
2.58
2.11
8.38
4.25
4.32
0.07
-0.52
6.01
1.49
-14.67
10.01
12.22
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,205
1,401
1,282
1,329
1,593
1,708
1,864
2,201
2,302
2,539
3,346
9,787
9,922
Expenses
1,075
1,232
1,093
1,139
1,386
1,460
1,574
1,923
2,088
2,220
2,962
9,184
9,266
Operating Profit
131
170
189
191
207
248
290
278
213
318
383
603
656
OPM %
11%
12%
15%
14%
13%
15%
16%
13%
9%
13%
11%
6%
7%
Other Income
23
14
25
15
81
22
7
5
5
332
-67
75
78
Interest
41
37
30
25
19
16
20
23
44
39
51
174
161
Depreciation
42
48
49
58
66
74
87
89
114
141
166
347
341
PBT
72
99
136
123
203
180
190
171
60
471
99
157
232
Tax %
24%
29%
25%
31%
33%
20%
26%
24%
25%
24%
39%
74%
—
Net Profit
54
70
101
85
135
145
141
130
45
357
60
41
89
EPS in Rs
7.86
10.1
14.64
12.24
19.52
20.88
20.38
18.77
6.47
51.63
7.11
2.84
9.05
Div. Payout %
22%
30%
24%
29%
31%
30%
29%
27%
23%
9%
63%
176%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
14
14
14
14
14
14
14
16
16
Reserves
249
300
367
426
554
587
730
819
814
1,135
3,377
3,434
Borrowings
433
430
433
431
367
501
618
823
829
467
2,378
2,473
Other Liabilities
317
346
379
433
424
522
638
705
725
730
3,864
3,629
Total Liabilities
1,012
1,090
1,193
1,304
1,358
1,624
2,000
2,361
2,383
2,346
9,634
9,553
Fixed Assets
333
358
452
475
465
627
615
832
1,126
1,102
2,774
2,987
CWIP
8
15
8
6
24
48
278
285
44
15
121
144
Investments
0
0
0
0
0
1
1
2
2
2
545
566
Other Assets
671
716
733
822
869
948
1,105
1,243
1,210
1,227
6,194
5,855
Total Assets
1,012
1,090
1,193
1,304
1,358
1,624
2,000
2,361
2,383
2,346
9,634
9,553
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
112
164
163
148
71
263
165
178
287
193
71
344
Investing
-61
-83
-135
-87
-27
-220
-266
-307
-189
279
-1,610
165
Financing
-43
-81
-38
-62
-48
-39
108
138
-103
-446
2,596
-680
Net Cash Flow
8
0
-10
-2
-3
3
8
9
-5
27
1,057
-171
Free Cash Flow
56
79
29
61
-31
9
-103
-131
96
460
-33
63
CFO/OP
97
109
103
92
50
131
70
78
140
87
40
91
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
96
92
98
92
79
78
95
83
77
84
134
63
Inventory Days
125
113
134
131
119
154
142
163
132
113
515
179
Days Payable
94
96
139
126
94
139
152
150
136
132
287
113
Cash Conversion Cycle
127
109
93
96
105
92
85
96
73
65
362
129
Working Capital Days
26
40
14
43
51
24
29
18
23
40
173
62
ROCE %
16%
19%
22%
18%
17%
18%
17%
13%
6%
11%
6%
5%

Shareholding Pattern

As of Jun 2026
Public 44.52%
DIIs 26.42%
Others 12.39%
FIIs 8.47%
Promoters 8.19%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Jan 2025Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
40.03%
39.57%
35.73%
35.73%
35.82%
35.82%
35.82%
35.82%
35.82%
35.82%
35.82%
35.82%
33.22%
30.55%
30.55%
27.55%
26.83%
23.89%
16.40%
8.19%
8.19%
8.19%
8.19%
FIIs
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
4.49%
6.71%
8.34%
8.70%
8.43%
7.95%
8.51%
8.54%
8.20%
7.96%
8.47%
DIIs
8.72%
8.90%
9.14%
10.47%
11.10%
12.59%
13.92%
14.33%
14.19%
14.29%
11.99%
11.83%
17.49%
20.93%
19.82%
18.65%
18.35%
23.57%
23.52%
24.19%
24.61%
24.90%
26.42%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
34.43%
35.32%
33.68%
33.52%
33.61%
34.59%
35.62%
40.27%
41.00%
39.46%
36.17%
36.45%
37.98%
35.05%
34.65%
35.31%
36.64%
33.55%
40.31%
47.94%
47.71%
47.43%
44.52%
Others
16.81%
16.21%
21.44%
20.28%
19.47%
16.99%
14.63%
9.57%
8.98%
10.42%
16.01%
15.89%
6.81%
6.77%
6.63%
9.79%
9.74%
11.04%
11.26%
11.14%
11.29%
11.51%
12.39%
No. of Shareholders
44,845
52,942
71,121
73,802
71,240
74,049
75,769
75,946
72,946
67,789
68,052
68,301
68,607
61,327
69,769
70,160
69,714
63,734
64,728
63,691
58,122
55,044
57,744

Documents

1
Concall - Aug 2017 Aug 2017
2
Concall - Feb 2018 Feb 2018
3
Concall - May 2018 May 2018
4
Concall - Aug 2018 Aug 2018
5
Concall - Oct 2018 Oct 2018

Frequently Asked Questions about Sudarshan Chemical Industries Ltd

What does Sudarshan Chemical Industries Ltd do?
Sudarshan Chemical Industries manufactures and sells a wide range of Organic and Inorganic Pigments, Effect Pigments. The Group also manufactures Pollution Control Equipment, Size Reduction Equipment and Grinding Equipments for industrial applications.(Source : 202003 Annual Report Page No:203)
Where is Sudarshan Chemical Industries Ltd (SUDARSCHEM) listed?
Sudarshan Chemical Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: SUDARSCHEM and BSE: 506655. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Sudarshan Chemical Industries Ltd belong to?
Sudarshan Chemical Industries Ltd operates in the Commodities sector within the Chemicals & Petrochemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Sudarshan Chemical Industries Ltd?
Sudarshan Chemical Industries Ltd has a market capitalisation of approximately ₹8875.48 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Sudarshan Chemical Industries Ltd?
The Price-to-Earnings (PE) ratio of Sudarshan Chemical Industries Ltd is 124.93. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Sudarshan Chemical Industries Ltd?
Over the past 52 weeks, Sudarshan Chemical Industries Ltd has traded between a low of ₹726.4 and a high of ₹1,603. This range helps investors understand the stock's price volatility and recent trading levels.
Does Sudarshan Chemical Industries Ltd pay dividends?
Yes, Sudarshan Chemical Industries Ltd has a dividend yield of 0.46%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Sudarshan Chemical Industries Ltd?
Sudarshan Chemical Industries Ltd has a Return on Equity (ROE) of 1.06%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Sudarshan Chemical Industries Ltd on Tapetide?
On Tapetide, you can view Sudarshan Chemical Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Sudarshan Chemical Industries manufactures and sells a wide range of Organic and Inorganic Pigments, Effect Pigments. The Group also manufactures Pollution Control Equipment, Size Reduction Equipment and Grinding Equipments for industrial applications.(Source : 202003 Annual Report Page No:203)

Website sudarshan.com
CEO Mr. Rajesh Balakrishna Rathi
Employees 1,350
Listed 1995-05-25
Face Value ₹ 2
Issued Size 7,86,11,936

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