Sudarshan Colorants India Ltd

Sudarshan Colorants India Ltd

₹ 362 -1.60%
13 Feb - close price
About

Incorporated in 1956, Heubach Colorants
India Ltd manufactures and sells Specialty Chemicals[1]

Key Points

Business Overview:[1][2]
HCIL is a part of Clariant group. It deals in organic and inorganic high-performance pigments, and pigment preparations for paints,
varnishes, plastics, coatings, printing, non-impact printing, inks, latex, adhesives, and construction materials. Currently, it has ~2,000+ products and ~10 Technical Centers

  • Market Cap 836 Cr.
  • Current Price 362
  • High / Low 621 / 320
  • Stock P/E 13.9
  • Book Value 241
  • Dividend Yield 0.00 %
  • ROCE 15.2 %
  • ROE 11.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 87.2 to 68.0 days.
  • Promoter holding has increased by 15.9% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.73% over past five years.
  • Company has a low return on equity of 8.88% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
178.26 179.65 209.35 200.35 176.09 204.91 173.38 218.42 212.98 220.28 210.72 183.14 175.67
165.45 162.83 183.46 178.47 161.80 194.90 162.27 190.50 188.04 202.48 186.30 165.34 164.37
Operating Profit 12.81 16.82 25.89 21.88 14.29 10.01 11.11 27.92 24.94 17.80 24.42 17.80 11.30
OPM % 7.19% 9.36% 12.37% 10.92% 8.12% 4.89% 6.41% 12.78% 11.71% 8.08% 11.59% 9.72% 6.43%
0.92 0.42 0.36 1.99 1.01 5.36 2.01 3.25 4.06 0.63 4.16 8.96 -8.51
Interest 0.06 0.01 0.10 0.63 0.73 0.74 0.63 0.68 0.63 0.66 0.65 0.71 0.55
Depreciation 5.09 4.97 4.92 5.82 5.90 5.97 5.55 5.31 5.13 5.04 4.95 4.95 4.89
Profit before tax 8.58 12.26 21.23 17.42 8.67 8.66 6.94 25.18 23.24 12.73 22.98 21.10 -2.65
Tax % 21.68% 24.71% 24.63% 26.00% 26.30% 32.56% 25.50% 26.89% 25.90% 16.42% 25.63% 22.80% -24.53%
6.72 9.23 16.00 12.89 6.39 5.84 5.17 18.41 17.22 10.64 17.09 16.29 -2.00
EPS in Rs 2.91 4.00 6.93 5.58 2.77 2.53 2.24 7.98 7.46 4.61 7.40 7.06 -0.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,237 1,045 1,140 981 1,014 719 757 731 840 766 791 825 790
1,117 1,019 1,073 914 970 677 697 646 778 705 719 743 718
Operating Profit 121 26 67 67 44 42 60 84 62 61 72 82 71
OPM % 10% 3% 6% 7% 4% 6% 8% 12% 7% 8% 9% 10% 9%
130 1,196 53 9 28 17 50 268 9 -1 9 10 5
Interest 2 1 1 0 1 1 4 3 0 0 2 3 3
Depreciation 23 33 50 39 38 29 39 36 20 20 23 21 20
Profit before tax 226 1,187 69 36 33 29 66 314 49 40 56 68 54
Tax % 26% 21% 14% 33% 35% 36% 24% 30% 12% 52% 27% 24%
167 943 59 24 22 19 51 220 43 19 41 51 42
EPS in Rs 62.55 353.83 25.72 10.61 9.36 8.04 21.97 95.21 18.77 8.31 17.82 22.29 18.20
Dividend Payout % 48% 11% 583% 236% 53% 124% 50% 215% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 2%
3 Years: -1%
TTM: -2%
Compounded Profit Growth
10 Years: 16%
5 Years: 3%
3 Years: 14%
TTM: 29%
Stock Price CAGR
10 Years: -6%
5 Years: -4%
3 Years: 4%
1 Year: -35%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 9%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 27 27 23 23 23 23 23 23 23 23 23 23 23
Reserves 548 1,369 646 650 602 593 628 384 391 409 449 500 533
0 9 0 0 0 0 32 1 0 0 27 25 24
337 437 232 260 268 278 260 241 222 229 226 210 167
Total Liabilities 912 1,842 902 933 893 895 943 649 636 662 726 758 747
166 335 365 343 323 309 227 150 150 146 172 160 155
CWIP 25 13 5 10 10 21 3 9 8 8 4 5 11
Investments 267 33 74 112 41 12 81 10 9 3 4 4 4
453 1,461 458 468 518 552 632 481 469 505 545 589 577
Total Assets 912 1,842 902 933 893 895 943 649 636 662 726 758 747

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-32 -60 -148 82 -1 29 101 57 13 36 95 111
127 1,224 -35 -50 67 7 -78 415 5 -9 -17 -37
-87 -175 -799 -29 -70 -28 -25 -474 -35 -0 -3 -5
Net Cash Flow 8 989 -983 3 -4 8 -2 -2 -17 27 74 69

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 50 56 57 64 64 92 71 85 73 104 90 68
Inventory Days 69 86 72 95 94 155 101 117 105 101 96 104
Days Payable 77 77 74 103 103 160 108 155 120 139 136 126
Cash Conversion Cycle 42 65 54 57 55 87 64 47 59 66 50 46
Working Capital Days 24 -13 49 49 60 91 129 77 76 91 70 72
ROCE % 21% 1% 6% 5% 5% 5% 11% 12% 11% 11% 12% 15%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
54.37% 54.37% 54.37% 54.37% 54.37% 54.37% 54.37% 54.37% 54.37% 54.37% 54.37% 70.26%
0.34% 0.29% 0.28% 0.31% 0.34% 0.37% 0.42% 0.43% 1.15% 1.81% 1.28% 0.20%
1.98% 1.96% 0.49% 1.28% 1.92% 3.24% 3.71% 8.53% 10.62% 9.16% 10.10% 0.51%
43.31% 43.37% 44.85% 44.05% 43.37% 42.03% 41.51% 36.67% 33.87% 34.67% 34.26% 29.03%
No. of Shareholders 57,03155,50752,96050,11348,17648,36245,61543,93641,59439,81238,53737,661

* 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.

Click on the line-items to see the names of individual entities.

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