Sharda Cropchem Ltd
Sharda Cropchem is principally engaged in export of agrochemicals (technical grade and formulations) and non-agro products such as conveyor belts, rubber belts/sheets, dyes and dye intermediates to various countries across the world.
- Market Cap ₹ 7,974 Cr.
- Current Price ₹ 884
- High / Low ₹ 1,181 / 440
- Stock P/E 17.6
- Book Value ₹ 297
- Dividend Yield 1.02 %
- ROCE 16.5 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 42.5%
Cons
- Stock is trading at 2.98 times its book value
- Company has a low return on equity of 9.89% over last 3 years.
- Company has high debtors of 165 days.
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 790 | 1,061 | 1,222 | 1,399 | 1,707 | 1,998 | 2,003 | 2,396 | 3,580 | 4,045 | 3,163 | 4,320 | 4,672 | |
| 630 | 878 | 941 | 1,075 | 1,343 | 1,621 | 1,653 | 1,945 | 2,884 | 3,386 | 2,860 | 3,705 | 3,906 | |
| Operating Profit | 160 | 183 | 281 | 324 | 364 | 376 | 350 | 450 | 696 | 659 | 303 | 615 | 766 |
| OPM % | 20% | 17% | 23% | 23% | 21% | 19% | 17% | 19% | 19% | 16% | 10% | 14% | 16% |
| 32 | 25 | 23 | 14 | 9 | -22 | -12 | 46 | 29 | 40 | 60 | 60 | 88 | |
| Interest | 8 | 9 | 8 | 9 | 15 | 20 | 16 | 16 | 15 | 20 | 24 | 21 | 2 |
| Depreciation | 29 | 23 | 35 | 56 | 70 | 99 | 137 | 170 | 245 | 248 | 267 | 275 | 295 |
| Profit before tax | 155 | 175 | 261 | 272 | 287 | 235 | 185 | 309 | 464 | 431 | 72 | 378 | 557 |
| Tax % | 29% | 30% | 33% | 30% | 34% | 25% | 11% | 26% | 25% | 21% | 56% | 20% | |
| 111 | 123 | 175 | 190 | 191 | 176 | 165 | 229 | 349 | 342 | 32 | 304 | 452 | |
| EPS in Rs | 12.31 | 13.63 | 19.41 | 21.11 | 21.14 | 19.55 | 18.25 | 25.40 | 38.71 | 37.90 | 3.53 | 33.74 | 50.08 |
| Dividend Payout % | 16% | 18% | 21% | 19% | 19% | 20% | 22% | 20% | 16% | 16% | 85% | 27% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 17% |
| 3 Years: | 6% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 8% |
| 3 Years: | -5% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 26% |
| 3 Years: | 33% |
| 1 Year: | 23% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 12% |
| 3 Years: | 10% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 |
| Reserves | 466 | 564 | 715 | 870 | 1,045 | 1,194 | 1,313 | 1,524 | 1,822 | 2,142 | 2,147 | 2,410 | 2,585 |
| 40 | 38 | 2 | 0 | 170 | 0 | 0 | 81 | 47 | 3 | 18 | 8 | 4 | |
| 319 | 354 | 522 | 686 | 914 | 914 | 940 | 1,163 | 1,779 | 2,108 | 1,773 | 2,205 | 2,224 | |
| Total Liabilities | 914 | 1,047 | 1,329 | 1,646 | 2,219 | 2,198 | 2,343 | 2,858 | 3,738 | 4,343 | 4,028 | 4,713 | 4,903 |
| 64 | 88 | 130 | 210 | 226 | 372 | 416 | 544 | 592 | 668 | 708 | 750 | 1,109 | |
| CWIP | 133 | 149 | 210 | 232 | 360 | 220 | 161 | 131 | 212 | 204 | 283 | 291 | 0 |
| Investments | 174 | 95 | 90 | 61 | 22 | 212 | 116 | 83 | 134 | 32 | 159 | 294 | 555 |
| 542 | 715 | 899 | 1,143 | 1,611 | 1,394 | 1,650 | 2,099 | 2,800 | 3,439 | 2,878 | 3,377 | 3,240 | |
| Total Assets | 914 | 1,047 | 1,329 | 1,646 | 2,219 | 2,198 | 2,343 | 2,858 | 3,738 | 4,343 | 4,028 | 4,713 | 4,903 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 156 | 46 | 197 | 181 | 17 | 556 | 146 | 246 | 267 | 328 | 341 | 604 | |
| -145 | -19 | -113 | -104 | -160 | -351 | -59 | -282 | -205 | -112 | -393 | -496 | |
| -22 | -24 | -89 | -38 | 132 | -215 | -60 | 43 | -91 | -97 | -37 | -68 | |
| Net Cash Flow | -11 | 3 | -6 | 40 | -11 | -11 | 27 | 8 | -29 | 120 | -89 | 40 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 185 | 156 | 185 | 175 | 191 | 148 | 180 | 177 | 157 | 165 | 173 | 165 |
| Inventory Days | 57 | 72 | 74 | 117 | 169 | 96 | 100 | 117 | 130 | 145 | 155 | 117 |
| Days Payable | 146 | 117 | 179 | 186 | 202 | 167 | 180 | 180 | 172 | 176 | 144 | 158 |
| Cash Conversion Cycle | 97 | 111 | 81 | 106 | 158 | 77 | 100 | 114 | 115 | 134 | 184 | 124 |
| Working Capital Days | 67 | 82 | 95 | 99 | 94 | 71 | 101 | 94 | 88 | 97 | 128 | 92 |
| ROCE % | 28% | 27% | 36% | 32% | 27% | 23% | 18% | 21% | 26% | 21% | 4% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
4h - Investor presentation for quarter and half year ended 30th September 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
4h - Q2 FY26: Revenue Rs.929.1cr, PAT Rs.74.4cr; H1 revenue Rs.1,913.9cr; capex guidance Rs.450–500cr.
- Unaudited Financial Result (Standalone And Consolidated) For Quarter And Half Year Ended 30Th September, 2025 4h
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Board Meeting Outcome for Outcome Of Board Meeting To Consider And Approve Unaudited Financial Result (Standalone And Consolidated) For Quarter And Half Year Ended 30Th September, 2025
4h - Approved unaudited Q2 and half-year results ended 30 Sep 2025; limited review unmodified.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Oct
Annual reports
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Financial Year 2025
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Financial Year 2015
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Concalls
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