Sharda Cropchem Ltd

Sharda Cropchem Ltd

₹ 893 -1.47%
22 May - close price
About

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.

Key Points

Business Segments [1][2]
1) Agrochemicals: The company supplies formulations and generic active ingredients across the fungicide, herbicide, and insecticide segments. It also partners with third-party manufacturers to obtain completed formulations and generic active ingredients for resale. [3]

  • Market Cap 8,058 Cr.
  • Current Price 893
  • High / Low 1,298 / 649
  • Stock P/E 11.8
  • Book Value 348
  • Dividend Yield 1.01 %
  • ROCE 30.4 %
  • ROE 24.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 24.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 43.8%

Cons

  • Company has a low return on equity of 13.6% over last 3 years.
  • Company has high debtors of 166 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,482 638 581 632 1,312 785 777 929 1,829 985 929 1,289 2,065
1,164 697 560 563 1,057 708 687 815 1,525 770 796 1,048 1,578
Operating Profit 318 -59 21 69 255 77 90 115 303 215 133 241 487
OPM % 21% -9% 4% 11% 19% 10% 12% 12% 17% 22% 14% 19% 24%
7 26 24 12 -2 19 25 1 25 32 29 21 22
Interest 2 1 5 1 0 1 0 0 0 1 0 0 0
Depreciation 68 70 74 69 54 65 69 69 72 78 76 83 87
Profit before tax 255 -105 -34 12 198 31 46 46 256 169 86 179 422
Tax % 22% -15% -18% 62% 28% 11% 7% 32% 20% 16% 13% 19% 24%
199 -89 -28 5 143 27 42 31 204 143 74 145 319
EPS in Rs 22.04 -9.82 -3.06 0.51 15.90 3.02 4.70 3.45 22.56 15.83 8.24 16.09 35.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,061 1,222 1,399 1,707 1,998 2,003 2,396 3,580 4,045 3,163 4,320 5,268
878 941 1,075 1,343 1,621 1,653 1,945 2,884 3,386 2,860 3,705 4,191
Operating Profit 183 281 324 364 376 350 450 696 659 303 615 1,076
OPM % 17% 23% 23% 21% 19% 17% 19% 19% 16% 10% 14% 20%
25 23 14 9 -22 -12 46 29 40 60 60 106
Interest 9 8 9 15 20 16 16 15 20 24 21 2
Depreciation 23 35 56 70 99 137 170 245 248 267 275 325
Profit before tax 175 261 272 287 235 185 309 464 431 72 378 856
Tax % 30% 33% 30% 34% 25% 11% 26% 25% 21% 56% 20% 20%
123 175 190 191 176 165 229 349 342 32 304 681
EPS in Rs 13.63 19.41 21.11 21.14 19.55 18.25 25.40 38.71 37.90 3.53 33.74 75.47
Dividend Payout % 18% 21% 19% 19% 20% 22% 20% 16% 16% 85% 27% 20%
Compounded Sales Growth
10 Years: 16%
5 Years: 17%
3 Years: 9%
TTM: 22%
Compounded Profit Growth
10 Years: 14%
5 Years: 25%
3 Years: 27%
TTM: 128%
Stock Price CAGR
10 Years: 10%
5 Years: 20%
3 Years: 23%
1 Year: 38%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 14%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 90 90 90 90 90 90 90 90 90 90 90 90
Reserves 564 715 870 1,045 1,194 1,313 1,524 1,822 2,142 2,147 2,410 3,046
38 2 0 170 0 0 81 47 3 18 8 0
354 522 686 914 914 940 1,163 1,779 2,108 1,773 2,205 2,644
Total Liabilities 1,047 1,329 1,646 2,219 2,198 2,343 2,858 3,738 4,343 4,028 4,713 5,780
88 130 210 226 372 416 544 592 668 708 750 1,236
CWIP 149 210 232 360 220 161 131 212 204 283 291 0
Investments 95 90 61 22 212 116 83 134 32 159 294 361
715 899 1,143 1,611 1,394 1,650 2,099 2,800 3,439 2,878 3,377 4,183
Total Assets 1,047 1,329 1,646 2,219 2,198 2,343 2,858 3,738 4,343 4,028 4,713 5,780

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
46 197 181 17 556 146 246 267 328 341 604 656
-19 -113 -104 -160 -351 -59 -282 -205 -112 -393 -496 -513
-24 -89 -38 132 -215 -60 43 -91 -97 -37 -68 -118
Net Cash Flow 3 -6 40 -11 -11 27 8 -29 120 -89 40 24
Free Cash Flow -34 196 39 -185 413 -30 15 33 84 69 211 158
CFO/OP 58% 95% 73% 27% 169% 60% 68% 49% 60% 129% 103% 67%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 156 185 175 191 148 180 177 157 165 173 165 166
Inventory Days 72 74 117 169 96 100 117 130 145 155 117 121
Days Payable 117 179 186 202 167 180 180 172 176 144 158 162
Cash Conversion Cycle 111 81 106 158 77 100 114 115 134 184 124 125
Working Capital Days 82 95 99 94 71 101 94 88 97 128 92 127
ROCE % 27% 36% 32% 27% 23% 18% 21% 26% 21% 4% 16% 30%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Product Registrations (Cumulative)
Number

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Annual Capital Expenditure (primarily for registrations)
Rs. Crore
Working Capital Cycle
Days
Number of Distributors
Number
Sales Force Strength
Number
Pending Registration Applications
Number
Agrochemical Volume Growth (Y-o-Y)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82%
2.00% 2.01% 2.06% 2.14% 2.02% 2.52% 3.77% 4.69% 5.48% 5.26% 4.20% 4.60%
12.75% 12.29% 12.42% 12.41% 12.87% 12.77% 10.07% 10.28% 9.38% 9.26% 9.95% 9.70%
10.44% 10.87% 10.70% 10.63% 10.29% 9.91% 11.33% 10.21% 10.33% 10.65% 11.02% 10.88%
No. of Shareholders 52,12656,48356,85861,07554,43648,35358,71751,18762,03067,29065,56761,155

* 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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