Sudarshan Chemical Industries Ltd

₹ 419 1.04%
30 Sep - close price
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

Infrastructure:[1]
2 Manufacturing plants in Mahad & Roha and a dedicated R&D center in Pune.

  • Market Cap 2,898 Cr.
  • Current Price 419
  • High / Low 715 / 402
  • Stock P/E 26.1
  • Book Value 120
  • Dividend Yield 1.19 %
  • ROCE 12.8 %
  • ROE 16.5 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 28.8%

Cons

  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -17.1%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
410.70 424.85 423.52 449.12 352.29 428.90 506.37 576.54 473.89 498.00 601.76 627.15 554.16
348.15 358.56 360.58 395.12 299.33 361.21 426.73 489.07 411.91 445.14 527.88 541.07 512.74
Operating Profit 62.55 66.29 62.94 54.00 52.96 67.69 79.64 87.47 61.98 52.86 73.88 86.08 41.42
OPM % 15.23% 15.60% 14.86% 12.02% 15.03% 15.78% 15.73% 15.17% 13.08% 10.61% 12.28% 13.73% 7.47%
20.17 1.46 -0.77 0.99 0.31 1.82 2.55 2.34 0.70 1.03 1.56 1.71 0.84
Interest 3.72 3.70 3.78 3.03 3.90 5.15 4.59 4.24 4.72 4.43 4.81 5.46 6.06
Depreciation 17.03 17.07 17.79 21.61 21.58 21.89 21.67 21.37 21.02 21.58 21.87 24.80 25.80
Profit before tax 61.97 46.98 40.60 30.35 27.79 42.47 55.93 64.20 36.94 27.88 48.76 57.53 10.40
Tax % 31.08% 1.64% 30.27% 10.02% 34.51% 28.58% 29.98% 16.81% 29.18% 18.36% 25.39% 22.37% 31.92%
Net Profit 42.71 46.21 28.31 27.31 18.20 30.33 39.16 53.42 26.16 22.76 36.38 44.66 7.08
EPS in Rs 6.17 6.68 4.09 3.94 2.63 4.38 5.66 7.72 3.78 3.29 5.26 6.45 1.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
715 791 863 1,106 1,205 1,401 1,282 1,329 1,593 1,708 1,864 2,201 2,281
637 706 784 974 1,075 1,232 1,093 1,139 1,386 1,460 1,574 1,923 2,027
Operating Profit 78 86 80 133 131 170 189 191 207 248 290 278 254
OPM % 11% 11% 9% 12% 11% 12% 15% 14% 13% 15% 16% 13% 11%
22 4 7 2 23 14 25 15 81 22 7 5 5
Interest 13 24 34 43 41 37 30 25 19 16 20 23 21
Depreciation 14 18 26 37 42 48 49 58 66 74 87 89 94
Profit before tax 72 48 26 55 72 99 136 123 203 180 190 171 145
Tax % 33% 29% 15% 37% 24% 29% 25% 31% 33% 20% 26% 24%
Net Profit 48 34 22 35 54 70 101 85 135 145 141 130 111
EPS in Rs 6.99 4.86 3.19 5.08 7.86 10.10 14.64 12.24 19.52 20.88 20.38 18.77 16.02
Dividend Payout % 18% 26% 39% 30% 22% 30% 24% 29% 31% 30% 29% 27%
Compounded Sales Growth
10 Years: 11%
5 Years: 11%
3 Years: 11%
TTM: 15%
Compounded Profit Growth
10 Years: 14%
5 Years: 5%
3 Years: 18%
TTM: -26%
Stock Price CAGR
10 Years: 25%
5 Years: 2%
3 Years: 4%
1 Year: -36%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 20%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
7 7 7 7 14 14 14 14 14 14 14 14
Reserves 216 237 247 264 249 300 367 426 554 587 730 819
203 290 437 440 433 430 433 431 367 501 618 823
139 185 189 217 317 346 379 433 424 522 638 705
Total Liabilities 565 719 880 929 1,012 1,090 1,193 1,304 1,358 1,624 2,000 2,361
145 229 319 327 333 358 452 475 465 627 615 832
CWIP 31 17 23 7 8 15 8 6 24 48 278 285
Investments 0 0 0 0 0 0 0 0 0 1 1 2
388 473 538 594 671 716 733 822 869 948 1,105 1,243
Total Assets 565 719 880 929 1,012 1,090 1,193 1,304 1,358 1,624 2,000 2,361

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2 52 25 48 112 164 163 148 71 263 165 178
-70 -87 -120 -28 -61 -83 -135 -87 -27 -220 -266 -307
72 59 101 -48 -43 -81 -38 -62 -48 -39 108 138
Net Cash Flow 4 23 7 -27 8 -0 -10 -2 -3 3 8 9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 87 89 89 85 96 92 98 92 79 78 95 83
Inventory Days 155 159 168 144 125 113 134 131 119 154 142 163
Days Payable 65 87 77 63 94 96 139 126 94 139 152 150
Cash Conversion Cycle 177 162 180 166 127 109 93 96 105 92 85 96
Working Capital Days 116 99 110 102 93 86 71 92 94 73 89 92
ROCE % 22% 15% 10% 14% 16% 19% 22% 18% 17% 18% 17% 13%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
52.89 52.32 42.66 42.66 42.66 40.03 40.03 39.57 35.73 35.73 35.82 35.82
8.20 8.33 8.20 8.34 8.14 9.31 9.37 8.80 9.38 8.49 7.93 6.03
1.71 1.62 3.62 3.20 4.24 6.74 9.00 9.26 9.78 10.92 11.54 13.01
37.19 37.74 45.53 45.81 44.96 43.91 41.59 42.37 45.11 44.86 44.71 45.14

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