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Sudarshan Chemical Industries Ltd share Price

Company details

469.75
479.90
341.00
566.95
6M Return 19.44%
1Y Return 15.42%
Mkt Cap.(Cr) 3,302.82
Volume 46,979
Div Yield 0.32%
OI
-
OI Chg %
-
Volume 46,979

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Headwinds persist, demand recovery to be slow...
About The Stock

    Established in 1951, Sudarshan Chemical is a leading player in the Indian colour pigment industry with ~35% market share and is also among the top four players globally.

    • It has a wide portfolio of 4,000+ varieties of products of Azos, blue and green, high performance pigments (HPPs), effects, pigment preparations and inorganics
    • Among end users, coatings industries contribute highest followed by plastics, inks, cosmetics and other applications
Q4FY22 Results

    Sudarshan Chemical’s topline came below, while bottom-line remained largely in line.

    • Reported revenue growth of 8.8% YoY to ₹ 627.2 crore, led by higher growth from engineering (up 56.3% YoY) & pigments (up 4.9% YoY)
    • Gross margins fell by 120 bps YoY to ~40.8% while EBITDA margins contracted by 150 bps YoY to 13.7% due to higher COGS (+11% YoY)
    • EBITDA declined 1.6% YoY to ₹ 86.1 crore. The decline is led by elevated level of Input costs across multiple intermediates.
    • PAT was down 16.3% YoY to ₹ 44.7 crore. The lower growth in bottom-line is on account of higher taxes (22.4% v/s 16.8% in Q4FY21)

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Highlights

  • Capacity utilisation during Q2FY22 was at ~ 60% of operating capacity
  • Rate of benefit under RoDTEP for Pigment products notified at 0.80%
  • Intermediates price increase pass through continued through Q2FY22
  • Severe impacts due to coal and logistics cost escalation
  • Second wave of the pandemic did impact domestic business during Q1; Revival in demand seen in Q2
  • Subdued demand and availability of containers in Q2 were main challenges for exports

 

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OUR RESEARCH VIEW

Investment recommendation
Headwinds persist, demand recovery to be slow...
Call Date
21 Feb 2023
Entry Price 360.00
Target Price 370.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Sudarshan Chemical Industries Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 828.23 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -9,437.36
LAST 3M 48,885.55 -453.72
LAST 6M 53,246.77 148,781.31
LAST 12M 137,184.48 160,910.46
Sudarshan Chemical Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Sep 22, 2023 l NSE Announcement

Sudarshan Chemical Industries Limited - Loss of Share Certificates

Sep 20, 2023 l NSE Announcement

Date Action Type Ratio
Aug 01, 2022 Dividend 250
Jul 29, 2021 Dividend 300

Sudarshan Chemical Industries Ltd Information

Stock PE (TTM)
54.46
Promoter Holding
35.82%
Book Value
119.6385
ROCE
6.11%
ROE
5.39%
Registered Address

162 Wellesley Road, , Pune, Maharashtra, 411001

Tel : 91-20-26226200
Email : scil:giaspn01.vsnl.net.in
Website : http://www.sudarshan.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 506655
NSE Code : SUDARSCHEM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE659A01023

FAQ’s on Sudarshan Chemical Industries Ltd Shares

You can buy Sudarshan Chemical Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sudarshan Chemical Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 27, 2023 01:54 PM the closing price of Sudarshan Chemical Industries Ltd was ₹ 477.10.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 27, 2023 01:54 PM, the market cap of Sudarshan Chemical Industries Ltd stood at ₹ 3,302.82.

The latest PE ratio of Sudarshan Chemical Industries Ltd as of Sep 27, 2023 01:54 PM is 54.46

The latest PB ratio of Sudarshan Chemical Industries Ltd as of Sep 27, 2023 01:54 PM is 0.25

The 52-week high of Sudarshan Chemical Industries Ltd is ₹ 566.95 while the 52-week low is ₹ 341.00

According to analyst recommendations, Sudarshan Chemical Industries Ltd has a “Buy” rating for the long term.

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