Sudarshan Chemical Industries Ltd

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

Sudarshan Chemical Industries Ltd

₹ 742 3.42%
24 Apr 4:11 p.m.
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
The company holds a position as the 3rd largest pigment manufacturer on a global scale. In FY23, it holds 35%market share. [1]

Website BSE NSE
  • Market Cap ₹ 5,131 Cr.
  • Current Price ₹ 742
  • High / Low ₹ 766 / 382
  • Stock P/E 67.0
  • Book Value ₹ 156
  • Dividend Yield 0.49 %
  • ROCE 4.80 %
  • ROE 3.83 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 32.7%

Cons

  • Stock is trading at 4.77 times its book value
  • The company has delivered a poor sales growth of 8.64% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.
  • Earnings include an other income of Rs.330 Cr.
  • Promoter holding has decreased over last 3 years: -4.21%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
462 520 435 436 540 508 516 454 465 542 525 489 510
385 451 381 389 474 441 479 417 426 473 460 433 445
Operating Profit 76 68 54 48 66 66 37 36 39 69 65 56 65
OPM % 16% 13% 12% 11% 12% 13% 7% 8% 8% 13% 12% 11% 13%
13 3 1 1 2 5 1 1 1 1 319 6 4
Interest 4 4 4 4 4 5 6 9 10 13 8 8 7
Depreciation 21 21 20 21 21 24 25 26 30 30 34 34 34
Profit before tax 64 46 29 24 42 42 7 3 0 28 342 20 28
Tax % 29% 14% 25% 26% 25% 30% 26% 29% -2,150% 18% 22% 29% 32%
45 40 22 18 31 30 5 2 1 23 265 14 19
EPS in Rs 6.56 5.71 3.18 2.53 4.51 4.27 0.77 0.30 0.20 3.28 38.32 2.04 2.72
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
735 776 1,015 1,076 1,199 1,126 1,306 1,433 1,518 1,708 1,919 1,976 2,065
654 705 889 966 1,043 955 1,107 1,229 1,280 1,441 1,684 1,793 1,811
Operating Profit 82 71 126 110 157 171 199 203 238 267 235 183 255
OPM % 11% 9% 12% 10% 13% 15% 15% 14% 16% 16% 12% 9% 12%
8 11 3 25 13 21 12 91 25 17 8 4 330
Interest 22 32 39 36 27 24 25 15 13 18 19 38 35
Depreciation 17 25 35 40 44 49 58 65 72 85 87 111 132
Profit before tax 50 25 55 60 98 119 128 215 177 181 137 38 418
Tax % 28% 16% 37% 29% 27% 25% 31% 29% 16% 25% 27% 17%
36 21 34 42 72 89 88 152 149 136 100 31 321
EPS in Rs 5.24 3.05 4.99 6.13 10.35 12.90 12.72 21.89 21.48 19.68 14.50 4.54 46.36
Dividend Payout % 24% 41% 30% 29% 29% 27% 28% 27% 29% 30% 34% 33%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 9%
TTM: 6%
Compounded Profit Growth
10 Years: 4%
5 Years: -19%
3 Years: -38%
TTM: 100%
Stock Price CAGR
10 Years: 29%
5 Years: 17%
3 Years: 11%
1 Year: 83%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 11%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 14 14 14 14 14 14 14 14 14 14
Reserves 263 274 296 266 313 380 439 585 619 757 818 794 1,063
279 409 394 349 347 361 365 311 445 563 761 754 543
172 183 206 272 284 321 349 354 483 589 626 585 582
Total Liabilities 721 874 904 901 958 1,076 1,166 1,263 1,561 1,923 2,220 2,148 2,202
217 308 316 309 328 418 465 464 614 598 812 1,098 1,064
CWIP 17 23 6 7 15 8 6 24 48 278 282 44 47
Investments 25 25 29 49 48 55 60 42 44 55 55 56 199
462 518 553 535 566 595 636 733 855 992 1,071 950 891
Total Assets 721 874 904 901 958 1,076 1,166 1,263 1,561 1,923 2,220 2,148 2,202

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
57 13 83 150 152 144 155 85 236 155 165 284
-90 -115 -28 -67 -78 -128 -88 -25 -224 -261 -294 -182
55 90 -63 -76 -72 -25 -70 -63 -11 113 134 -110
Net Cash Flow 22 -13 -8 7 1 -9 -3 -3 0 8 5 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 91 94 95 90 88 93 84 89 88 105 88 78
Inventory Days 137 151 127 95 88 107 93 105 140 117 154 112
Days Payable 84 83 65 85 89 125 107 100 146 151 154 128
Cash Conversion Cycle 144 162 158 100 87 75 70 93 82 70 89 62
Working Capital Days 103 127 103 77 73 59 68 89 70 85 92 76
ROCE % 15% 9% 14% 14% 19% 20% 20% 17% 17% 16% 11% 5%

Shareholding Pattern

Numbers in percentages

11 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
39.57% 35.73% 35.73% 35.82% 35.82% 35.82% 35.82% 35.82% 35.82% 35.82% 35.82% 33.22%
8.80% 9.38% 8.49% 7.93% 6.03% 4.16% 2.81% 3.12% 3.49% 4.65% 4.22% 4.50%
9.26% 9.78% 10.92% 11.54% 13.01% 14.18% 14.33% 14.18% 14.29% 13.67% 13.58% 17.47%
42.37% 45.11% 44.86% 44.71% 45.14% 45.84% 47.05% 46.87% 46.41% 45.86% 46.37% 44.81%
No. of Shareholders 52,94271,12173,80271,24074,04975,76975,94672,94667,78968,05268,30168,607

* 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

Announcements

Annual reports

Credit ratings

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