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Sudarshan Chemical Industries

SUDARSCHEM NSE
₹1,077.95 +1.25 (+0.12%)
P/E
119.11
View as Markdown
MCP
Close 4 Nov 2026 ₹1,077.95 −11.25 −1.03% 1Y
Start ₹1,089.20

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
5.46%
Debt to Equity
0.72
EPS (TTM)
₹9.05
Book Value
₹442.72
Market Cap
—
P/E (TTM)
119.11
P/B
2.43
ROE
0.54%
Dividend Yield
0.46%
EBITDA
₹669 Cr
52W High
₹1,347.00
52W Low
₹726.40
Day Range
₹1,051.00 – ₹1,091.75
Volume
95,737

Peer Comparison

Commodities › Chemicals › Dyes & Pigments › Dyes And Pigments

Sudarshan Chemical Industries peer comparison
Sudarshan Chemical Industries (this company)
₹1,077.95119.11₹8,488 Cr2.430.46%0.54%5.46%₹9,922 Cr₹88 Cr
Kiri Industries
₹523.45—₹3,368 Cr0.520.00%−9.09%3.40%₹950 Cr₹5,848 Cr
Bodal Chemicals
₹169.6931.08₹2,137 Cr1.680.06%1.97%5.59%₹2,267 Cr₹68 Cr
Shree Pushkar Chemicals
₹594.7526.68₹1,932 Cr2.910.34%12.10%12.90%₹1,002 Cr₹72 Cr
Bhageria Industries
₹354.3520.84₹1,540 Cr2.290.68%7.77%11.00%₹997 Cr₹74 Cr
Sudarshan Colorants
₹378.4518.27₹869 Cr1.4217.54%8.80%11.40%₹792 Cr₹47 Cr
Median 6 companies₹450.9526.68₹2,035 Cr1.990.40%4.87%8.30%₹1,000 Cr₹73 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

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

Overall score

62 Good

Data confidence 100/100

Category scores

Quality
50
Average
Returns, margins, earnings quality 22% weight
Valuation
38
Weak
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
23
Poor
Solvency, leverage, coverage 9% weight
Momentum
68
Strong
Trend strength, vol-adjusted 12% weight
Ownership
98
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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: 9.32%
  • Company has a low return on equity of 3.01% over last 3 years.
  • Promoter holding has decreased over last 3 years: -26.5%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
44.90
Neutral
MACD (12,26,9)
−37.13
Bullish
SMA (50)
1,179.21
Bearish
SMA (200)
985.61
Bullish

As of

Analyst Rating

Based on 7 analysts
BUY86%

6 of 7 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
6
86%
HOLD
0
0%
SELL
1
14%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+21.46%
5Y+39.33%
3Y+62.00%
1Y+192.50%
TTM+90.15%

Net profit

Net profit growth by window
10Y−5.21%
5Y−21.89%
3Y−3.06%
1Y−31.67%
TTM+2.33%

Operating cash flow

Operating cash flow growth by window
10Y+7.69%
5Y+15.83%
3Y+6.22%
1Y+384.51%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−5.97 pp
5Y−9.40 pp
3Y−3.09 pp
1Y−5.29 pp
TTM−2.82 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,282 Cr
Mar 2018₹1,329 Cr
Mar 2019₹1,593 Cr
Mar 2020₹1,708 Cr
Mar 2021₹1,864 Cr
Mar 2022₹2,201 Cr
Mar 2023₹2,302 Cr
Mar 2024₹2,539 Cr
Mar 2025₹3,346 Cr
Mar 2026₹9,787 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹101 Cr
Mar 2018₹85.00 Cr
Mar 2019₹135 Cr
Mar 2020₹145 Cr
Mar 2021₹141 Cr
Mar 2022₹130 Cr
Mar 2023₹45.00 Cr
Mar 2024₹357 Cr
Mar 2025₹60.00 Cr
Mar 2026₹41.00 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹822 Cr +22.9% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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

121d ago

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.

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.

Quarterly Results

₹ Cr
SUDARSCHEM quarterly results, ₹ crore
Particulars 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 (₹)
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

Profit & Loss

₹ Cr
SUDARSCHEM profit and loss, annual, ₹ crore
Particulars 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 (₹)
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%
—

Balance Sheet

₹ Cr
SUDARSCHEM balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
SUDARSCHEM cash flow, annual, ₹ crore
Particulars 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/EBITDA
97
109
103
92
50
131
70
78
140
87
40
91

Ratios

SUDARSCHEM financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view Sudarshan Chemical Industries insights

63 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 42.05%
  • DIIs 27.90%
  • Others 11.90%
  • Promoters 9.32%
  • FIIs 8.84%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Sudarshan Chemical Industries

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.
Where is Sudarshan Chemical Industries Ltd (SUDARSCHEM) listed?
Sudarshan Chemical Industries Ltd trades as SUDARSCHEM on the NSE and under code 506655 on the BSE.
Which sector does Sudarshan Chemical Industries Ltd belong to?
Sudarshan Chemical Industries Ltd is classified under the Chemicals sector, in the Dyes & Pigments industry.
What is the PE ratio of Sudarshan Chemical Industries Ltd?
Sudarshan Chemical Industries Ltd trades at a PE ratio of 119.11 as of 4 Nov 2026, on earnings per share of ₹9.05, against a book value of ₹442.72 per share.
What is the 52-week high and low of Sudarshan Chemical Industries Ltd?
Over the last 52 weeks Sudarshan Chemical Industries Ltd has traded between ₹726.4 and ₹1,347 as of 4 Nov 2026.
Does Sudarshan Chemical Industries Ltd pay dividends?
Sudarshan Chemical Industries Ltd has a dividend yield of 0.46%.
What is the Return on Equity (ROE) of Sudarshan Chemical Industries Ltd?
Sudarshan Chemical Industries Ltd reported a return on equity of 0.54%. Its debt-to-equity ratio is 0.72.

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.

Website sudarshan.com
CEO Mr. Rajesh Balakrishna Rathi
Employees 1,350
Listed 25 May 1995
Face Value ₹2

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