MarketFriction

Sudarshan Chemical Industries Ltd

NSE SUDARSCHEM · BSE 506655 · Dyes And Pigments
₹1,241.50 +3.12%
NSE close2026-10-01
52 week range726.40 - 1,360.40
Market cap₹9,532 Cr.
P/E93.9
Microcap 250 Price band 20% Delivery 60.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6015667646346966661,3492,5072,3872,1032,7902,642
Expenses5355046455536025871,2222,3142,2552,0652,5622,383
Operating Profit666211981947912719213238227259
OPM %11%11%16%13%14%12%9%8%6%1.8%8%10%
Other Income6434-6-26-383338-243232
Interest10987911214444364140
Depreciation3535363637375799971015093
Profit before tax26227841435118230-123168157
Tax %32%34%26%28%30%89%97%33%35%-6%51%34%
Net Profit1815582930105519-11682103
EPS in Rs2.582.118.384.254.320.07-0.526.011.49-14.6710.0112.22
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4011,2821,3291,5931,7081,8642,2012,3022,5393,3469,7879,922
Expenses1,2321,0931,1391,3861,4601,5741,9232,0882,2202,9629,1849,266
Operating Profit170189191207248290278213318383603656
OPM %12%15%14%13%15%16%13%9%13%11%6%7%
Other Income1425158122755332-677578
Interest37302519162023443951174161
Depreciation48495866748789114141166347341
Profit before tax991361232031801901716047199157232
Tax %29%25%31%33%20%26%24%25%24%39%74%
Net Profit701018513514514113045357604189
EPS in Rs10.1014.6412.2419.5220.8820.3818.776.4751.637.112.849.05
Dividend Payout %30%24%29%31%30%29%27%23%9%63%176%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth21%39%62%90%
Compounded Profit Growth-12%-33%-25%-19%
Stock Price CAGR12%13%36%-10%
Return on Equity8%5%3%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414141414141414141616
Reserves2493003674265545877308198141,1353,3773,434
Borrowings4334304334313675016188238294672,3782,473
Other Liabilities3173463794334245226387057257303,8643,629
Total Liabilities1,0121,0901,1931,3041,3581,6242,0002,3612,3832,3469,6349,553
Fixed Assets3333584524754656276158321,1261,1022,7742,987
CWIP8158624482782854415121144
Investments0000011222545566
Other Assets6717167338228699481,1051,2431,2101,2276,1945,855
Total Assets1,0121,0901,1931,3041,3581,6242,0002,3612,3832,3469,6349,553
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1121641631487126316517828719371344
Cash from Investing Activity-61-83-135-87-27-220-266-307-189279-1,610165
Cash from Financing Activity-43-81-38-62-48-39108138-103-4462,596-680
Net Cash Flow8-0-10-2-3389-5271,057-171
Free Cash Flow56792961-319-103-13196460-3363
CFO/OP97%109%103%92%50%131%70%78%140%87%40%91%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9692989279789583778413463
Inventory Days125113134131119154142163132113515179
Days Payable949613912694139152150136132287113
Cash Conversion Cycle12710993961059285967365362129
Working Capital Days2640144351242918234017362
ROCE %16%19%22%18%17%18%17%13%6%11%6%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters35.82%35.82%33.22%30.55%30.55%27.55%23.90%16.41%8.20%8.20%8.20%8.19%
FIIs4.65%4.22%4.50%6.71%8.35%8.71%7.96%8.52%8.54%8.21%7.96%8.48%
DIIs13.67%13.58%17.47%20.92%19.82%18.64%23.57%23.51%24.17%24.60%24.89%26.41%
Public45.86%46.37%44.81%41.82%41.29%45.09%44.57%51.57%59.08%59.01%58.95%56.91%
No. of Shareholders68,05268,30168,60761,32769,76970,16063,73464,72863,69158,12255,04457,744

Fundamentals

Market Cap₹ 9,532 Cr.
Current Price₹ 1,197
Stock P/E93.9
Book Value₹ 439
ROCE5.46 %
ROE0.54 %
Dividend Yield0.42 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)90%
Compounded Profit Growth (TTM)-19%
Consolidated figures.
Valuation
Market capRs 9,760 Cr
Enterprise valueRs 11,158 Cr
P/E (TTM)134.80x
Price to book2.83x
Price to sales0.98x
EV / EBITDA15.19x
EV / EBIT28.38x
EV / sales1.12x
Price to cash flow28.37x
Earnings yield0.74%
Dividend yield0.40%
P/E, 3-year average138.18x
P/B, 3-year average2.56x
P/E, 5-year average100.56x
P/B, 5-year average3.05x
Profitability
Operating margin (excl. other income)6.16%
Operating margin (incl. other income)6.93%
EBITDA margin7.40%
Pre-tax margin2.34%
Net profit margin0.73%
Net margin, latest quarter3.68%
ROE0.65%
ROCE5.66%
ROA0.23%
ROE, 3-year average13.09%
ROCE, 3-year average13.61%
ROA, 3-year average5.43%
ROE, 5-year average12.23%
ROCE, 5-year average11.99%
ROA, 5-year average4.83%
ROIC (approx.)2.11%
Tax rate73.95%
Other income / net worth2.17%
Growth
Sales growth (latest year)192.54%
Profit growth (latest year)-60.11%
Sales CAGR, 3 years62.01%
Sales CAGR, 5 years39.33%
Profit CAGR, 3 years-20.73%
Profit CAGR, 5 years-30.86%
Sales growth QoQ-5.30%
Profit growth QoQ23.63%
Sales growth YoY (latest quarter)5.39%
Profit growth YoY (latest quarter)106.14%
Per share
EPS (TTM)Rs 9.21
EPS (latest year)Rs 2.84
EPS (latest quarter)Rs 12.38
EPS, 3-year averageRs 20.53
EPS, 5-year averageRs 17.37
Book value per shareRs 438.89
Sales per shareRs 1,262.19
Cash flow per shareRs 43.76
Free cash flow per shareRs 8.01
Dividend per share (latest year)Rs 4.99
Dividend per share, 3-year averageRs 4.70
Dividend per share, 5-year averageRs 4.12
Dividends
Dividend payout176.01%
Dividend payout, 3-year average82.70%
Dividend payout, 5-year average59.59%
Efficiency
Asset turnover1.02x
Fixed asset turnover3.28x
Inventory turnover2.55x
Inventory days143 days
Debtor days63 days
Debtors turnover5.83x
Creditor days113 days
Cash conversion cycle129 days
Working capital days62 days
Leverage
Total debtRs 2,473 Cr
Cash and bankRs 1,075 Cr
Net debtRs 1,398 Cr
Debt to equity0.72x
Net debt / EBITDA1.90x
Interest coverage2.44x
Current ratio (filing 2026-03-31)2.06x
Quick ratio (filing 2026-03-31)1.22x
Trade payables (filing 2026-03-31)Rs 1,534 Cr
Owners' fund to total sources36.12%
Debt to assets25.89%
Cash flow
Cash from Operating Activity (latest year)Rs 344 Cr
Cash from Investing Activity (latest year)Rs 165 Cr
Cash from Financing Activity (latest year)Rs -680 Cr
Net Cash Flow (latest year)Rs -171 Cr
Free cash flow (latest year)Rs 63 Cr
FCFE (approx.: FCF + change in debt)Rs 159 Cr
Cash from ops / profit, 5 years1.70x
Sales to cash flow28.45x
Statement figures
Net sales (TTM)Rs 9,922 Cr
Net sales (latest year)Rs 9,787 Cr
Sales (latest quarter)Rs 2,642 Cr
Operating profit excl. other income (latest year)Rs 603 Cr
Operating profit (latest quarter)Rs 259 Cr
Other income (TTM)Rs 78 Cr
EBITDA (TTM)Rs 734 Cr
PBDT (TTM)Rs 573 Cr
Profit before tax (TTM)Rs 232 Cr
Tax (latest year)Rs 116 Cr
Net profit (TTM)Rs 72 Cr
Net profit (latest year)Rs 22 Cr
Net profit (latest quarter)Rs 97 Cr
Depreciation (TTM)Rs 341 Cr
Depreciation (latest quarter)Rs 93 Cr
Interest (TTM)Rs 161 Cr
Cost of goods sold (latest year)Rs 6,227 Cr
Total expenditure (latest year)Rs 9,184 Cr
Total income (latest year)Rs 9,862 Cr
Share capitalRs 16 Cr
ReservesRs 3,434 Cr
Shareholders' fundsRs 3,450 Cr
Total assetsRs 9,553 Cr
Net blockRs 2,987 Cr
Capital work in progressRs 144 Cr
InvestmentsRs 566 Cr
ReceivablesRs 1,679 Cr
InventoryRs 2,444 Cr
Other liabilitiesRs 3,629 Cr
Shares outstanding (crore)7.86
Ownership
Promoter holding8.19% (-8.22 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 134.8 is at the 89th percentile of its own 9.2-year range (median 31.0, low 18.5, high 357.4).
P/B 2.83 is at the 10th percentile (median 5.75).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSUDARSCHEMNifty 50Difference
1 week+1.9%-2.8% +4.7 pts
1 month+0.1%-6.8% +6.9 pts
3 months+36.4%-7.6% +44.0 pts
6 months+66.1%+0.4% +65.7 pts
1 year-13.8%-9.9% -3.9 pts
2 years+19.3%-13.6% +32.9 pts
3 years+159.3%+14.2% +145.2 pts
5 years+89.7%+27.9% +61.8 pts
22 mutual fund schemes hold about ₹2,557 Cr. Over three months 7 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund1.75%733 +2%
Tata Small Cap Fund4.83%632 +1%
Nippon India Small Cap Fund0.39%325 -0%
Axis Small Cap Fund0.78%246 -2%
Tata Large & Mid Cap Fund1.78%137 +8%
Franklin India Opportunities Fund1.30%126 -34%
DSP Small Cap Fund0.37%81 -4%
Bandhan Small Cap Fund0.21%71 +394%
DSP Multi Cap Fund1.55%47 +49%
Edelweiss Small Cap Fund0.63%46 +100%
Franklin India Multi Cap Fund0.83%43 -42%
Quant Small Cap Fund0.07%27 +100%
Motilal Oswal Nifty Microcap 250 Index Fund0.95%24 -2%
DSP Business Cycle Fund0.49%7 -49%
ICICI Pru Commodities Fund0.11%5 -5%
The Wealth Company Flexi Cap Fund1.45%4 +100%
The Wealth Company Small Cap Fund1.47%2 +100%
Groww Nifty Total Market Index Fund0.04%0 +2%
Angel One Nifty Total Market Index Fund0.04%0 +4%
Motilal Oswal BSE 1000 Index Fund0.04%0 +2%
Mirae Asset Nifty Total Market Index Fund0.04%0 +2%
Bandhan Nifty Total Market Index Fund0.04%0 +4%

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 48% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-05-25: Sudarshan Chemical Industries Limited has informed the Exchange regarding Change in Auditors of the company.
lookRegulator order or action Regulator order or action 2025-12-31: Sudarshan Chemical Industries Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,642 Cr +5.4% vs Jun 2025. Net profit ₹103 Cr +87.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-11Dividend - Rs 5 Per Share
2025-09-22Dividend - Rs 4.50 Per Share
2024-07-26Dividend - Re 1 Per Share
2024-03-19Interim Dividend - Rs 3.60 Per Share
2023-08-04Dividend - Rs 1.50 Per Share
2022-08-01Dividend - Rs 5 Per Share
2021-07-29 Dividend - Rs 6 Per Share
2020-08-27 Annual General Meeting
2020-03-12 Interim Dividend - Rs 5.8 Per Share Special Dividend - Rs 0.50 Per Share
2019-07-29 Dividend Rs -3.5/Special Dividend Rs 2.5 Per Share
2018-07-19 Dividend- Rs 1 Per Share
2018-02-22 Interim Dividend Rs 2.50 Per Share
2017-07-27 Dividend - Re 1/- Per Share
2017-02-22 Interim Dividend Rs 2.50 Per Share
2016-07-28 Dividend Re 0.50 Per Share
2016-03-21 Interim Dividend - Rs 2.50/- Per Share
2015-07-30Annual General Meeting/Dividend - Rs 1.75/- Per Share
2014-09-30Bonus 1 : 1 / Face Value Split From Rs 10/- To Rs 2/- Per Share0.1000
2014-07-24Annual General Meeting/Dividend Rs 15 Per Share
2013-09-05Annual General Meeting/Dividend Rs 12.50 Per Share
2012-07-26Annual General Meeting/Dividend Rs 12.50 Per Share
2011-07-28Annual General Meeting And Dividend Rs.12.50 Per Share
2010-07-29Dividend-Rs.12.50 Per Share
2009-07-16Agm/Div-Rs.8/- Per Share
2008-09-11Agm/Dividend - 30%
2007-08-09Agm/Dividend-25%
2006-07-20Agm/Dividend-50%
DateTypeWhat it says
2026-10-01Regulatory actionAction(s) initiated or orders passed
2026-10-01AcquisitionAcquisition
2026-09-28AcquisitionAcquisition
2026-09-26Concall / analyst meetSchedule of meet
2026-09-24Concall / analyst meetSchedule of meet
2026-09-21AppointmentAppointment of Mr Amit Deshpande as General Counsel forming part of Senior Management Personnel of the company w.e.f. September 21, 2026.
2026-09-11Credit RatingCredit Rating
2026-09-11General UpdatesGeneral Updateswe wish to inform you that Crisil ESG Ratings & Analytics Limited, on 10th September, 2026, has voluntarily assigned a rating of Cris...
2026-09-02General UpdatesFollowingThis is in furtherance to our intimations dated 1st September, 2026, wherein the Company had submitted copy of the Investors Presentation rel...
2026-09-01ResignationResignation of Mr Mandar Meenanath Velankar as a Key Managerial Personnel and Senior Management Personnel of the company w.e.f. September 01, 2026.
2026-09-01ResignationResignation of Mr Mandar Meenanath Velankar as Company Secretary & Compliance Officer of the company w.e.f. September 01, 2026.
2026-09-01ResignationResignation of Director/KMP/SMP
2026-09-01General UpdatesFollowingPursuant to the provisions of Regulation 30 of SEBI Listing Regulations, 2015 and in furtherance to our intimation and Press Release dated 1s...
2026-09-01Press ReleaseA press release dated September 01, 2026, titled "Sudarshan Chemical Divests VP4 Frankfurt to Celanese, Sharpening Focus on Core Pigments Business".
2026-09-01Sale or disposalIntimation regarding execution of Share Purchase and Transfer Agreement for sale of 100% stake in VP4 Frankfurt GmbH, a Step-Down Wholly-Owned Subsidi...
2026-08-28ESOPAllotment of 8781 Shares.
2026-08-27Product launchProduct launch
2026-08-25Press ReleaseA press release dated August 25, 2026, titled "Sudarshan Chemical Industries to Acquire Aluminium Dyes Plant from Clariant".
2026-08-25Memorandum of Understanding/Memorandum of Understanding/Agreements
2026-08-20Concall / analyst meetTranscript
2026-08-19Shareholder meetingVoting results.
2026-08-18Shareholder meetingProceedings of Annual General Meeting held on August 18, 2026
2026-08-13Investor PresentationInvestor Presentation
2026-08-12AcquisitionAcquisition
2026-08-12Board meeting outcomeSudarshan Chemical Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-04-20NCLTSudarshan Chemical Industries Ltd. Vs Prayag Polytech (P) Ltd.
2020-03-05NCLTSudarshan Chemical Industries Ltd. Vs Prayag Polytech (P) Ltd.
2019-03-06NCLTSudarshan Chemicals Industries Ltd. Vs N/A
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Sudarshan Chemical Industries Ltd?

Sudarshan Chemical Industries Ltd (SUDARSCHEM) has a market capitalisation of Rs 9,532 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sudarshan Chemical Industries Ltd?

Sudarshan Chemical Industries Ltd trades at a P/E of 93.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sudarshan Chemical Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Sudarshan Chemical Industries Ltd sales was Rs 2,642 Cr (+5.4% vs Jun 2025) and net profit was Rs 103 Cr.

What is the 52-week high and low of Sudarshan Chemical Industries Ltd?

The 52-week high is Rs 1,360.40 and the 52-week low is Rs 726.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03