Sudarshan Chemical Industries Ltd

Sudarshan Chem. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sudarshan Chemical Industries Ltd

₹ 913 -2.92%
21 Nov - close price
sudarshan.com BSE: 506655 NSE: SUDARSCHEM
About

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)

Key Points

Market Position[1]
The company is the 3rd largest pigment manufacturer globally. In FY24, it holds 35% market share.

Website BSE NSE
  • Market Cap ₹ 6,324 Cr.
  • Current Price ₹ 913
  • High / Low ₹ 1,235 / 448
  • Stock P/E 46.2
  • Book Value ₹ 175
  • Dividend Yield 0.50 %
  • ROCE 11.4 %
  • ROE 11.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 19.6%

Cons

  • Stock is trading at 5.22 times its book value
  • The company has delivered a poor sales growth of 9.77% over past five years.
  • Promoter holding is low: 30.6%
  • Company has a low return on equity of 11.0% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -5.18%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Dyes And Pigments

Part of BSE Allcap BSE Commodities BSE SmallCap Nifty Total Market Nifty Microcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
498 602 627 554 528 528 691 608 601 566 764 634 696
445 528 541 513 486 486 606 538 535 504 645 553 602
Operating Profit 53 74 86 41 43 42 85 70 66 62 119 81 94
OPM % 11% 12% 14% 7% 8% 8% 12% 11% 11% 11% 16% 13% 14%
1 2 2 1 1 1 2 319 6 4 3 4 -6
Interest 4 5 5 6 9 11 15 10 10 9 8 7 9
Depreciation 22 22 25 26 27 31 31 35 35 35 36 36 37
Profit before tax 28 49 58 10 8 1 41 344 26 22 78 41 43
Tax % 18% 25% 22% 32% 43% 17% 20% 22% 32% 34% 26% 28% 30%
23 36 45 7 5 1 33 267 18 15 58 29 30
EPS in Rs 3.29 5.26 6.45 1.02 0.66 0.08 4.70 38.56 2.58 2.11 8.38 4.25 4.32
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
863 1,106 1,205 1,401 1,282 1,329 1,593 1,708 1,864 2,201 2,302 2,539 2,660
784 974 1,075 1,232 1,093 1,139 1,386 1,460 1,574 1,923 2,088 2,220 2,304
Operating Profit 80 133 131 170 189 191 207 248 290 278 213 318 356
OPM % 9% 12% 11% 12% 15% 14% 13% 15% 16% 13% 9% 13% 13%
7 2 23 14 25 15 81 22 7 5 5 332 5
Interest 34 43 41 37 30 25 19 16 20 23 44 39 33
Depreciation 26 37 42 48 49 58 66 74 87 89 114 141 144
Profit before tax 26 55 72 99 136 123 203 180 190 171 60 471 184
Tax % 15% 37% 24% 29% 25% 31% 33% 20% 26% 24% 25% 24%
22 35 54 70 101 85 135 145 141 130 45 357 132
EPS in Rs 3.19 5.08 7.86 10.10 14.64 12.24 19.52 20.88 20.38 18.77 6.47 51.63 19.06
Dividend Payout % 39% 30% 22% 30% 24% 29% 31% 30% 29% 27% 23% 9%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 11%
TTM: 10%
Compounded Profit Growth
10 Years: 12%
5 Years: 7%
3 Years: -7%
TTM: 86%
Stock Price CAGR
10 Years: 25%
5 Years: 19%
3 Years: 17%
1 Year: 97%
Return on Equity
10 Years: 17%
5 Years: 14%
3 Years: 11%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 14 14 14 14 14 14 14 14 14 14 14
Reserves 247 264 249 300 367 426 554 587 730 819 814 1,135 1,198
437 440 433 430 433 431 367 501 618 823 829 467 559
189 217 317 346 379 433 424 522 638 705 725 730 841
Total Liabilities 880 929 1,012 1,090 1,193 1,304 1,358 1,624 2,000 2,361 2,383 2,346 2,612
319 327 333 358 452 475 465 627 615 832 1,126 1,102 1,062
CWIP 23 7 8 15 8 6 24 48 278 285 44 15 32
Investments 0 0 0 0 0 0 0 1 1 2 2 2 144
538 594 671 716 733 822 869 948 1,105 1,243 1,210 1,227 1,375
Total Assets 880 929 1,012 1,090 1,193 1,304 1,358 1,624 2,000 2,361 2,383 2,346 2,612

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
25 48 112 164 163 148 71 263 165 180 287 193
-120 -28 -61 -83 -135 -87 -27 -220 -266 -308 -189 279
101 -48 -43 -81 -38 -62 -48 -39 108 138 -103 -446
Net Cash Flow 7 -27 8 -0 -10 -2 -3 3 8 9 -5 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 89 85 96 92 98 92 79 78 95 83 77 84
Inventory Days 168 144 125 113 134 131 119 154 142 163 132 113
Days Payable 77 63 94 96 139 126 94 139 152 150 136 132
Cash Conversion Cycle 180 166 127 109 93 96 105 92 85 96 73 65
Working Capital Days 110 102 93 86 71 92 94 73 89 92 81 76
ROCE % 10% 14% 16% 19% 22% 18% 17% 18% 17% 13% 6% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
35.73% 35.82% 35.82% 35.82% 35.82% 35.82% 35.82% 35.82% 35.82% 33.22% 30.55% 30.55%
8.49% 7.93% 6.03% 4.16% 2.81% 3.12% 3.49% 4.65% 4.22% 4.50% 6.71% 8.35%
10.92% 11.54% 13.01% 14.18% 14.33% 14.18% 14.29% 13.67% 13.58% 17.47% 20.92% 19.82%
44.86% 44.71% 45.14% 45.84% 47.05% 46.87% 46.41% 45.86% 46.37% 44.81% 41.82% 41.29%
No. of Shareholders 73,80271,24074,04975,76975,94672,94667,78968,05268,30168,60761,32769,769

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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