Sudarshan Chemical Industries Ltd
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)
- Market Cap ₹ 4,964 Cr.
- Current Price ₹ 717
- High / Low ₹ 749 / 382
- Stock P/E 56.7
- Book Value ₹ 159
- Dividend Yield 0.50 %
- ROCE 6.27 %
- ROE 5.40 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 26.4%
Cons
- Stock is trading at 4.50 times its book value
- The company has delivered a poor sales growth of 11.6% over past five years.
- Company has a low return on equity of 13.8% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.331 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
791 | 863 | 1,106 | 1,205 | 1,401 | 1,282 | 1,329 | 1,593 | 1,708 | 1,864 | 2,201 | 2,302 | 2,466 | |
706 | 784 | 974 | 1,075 | 1,232 | 1,093 | 1,139 | 1,386 | 1,460 | 1,574 | 1,923 | 2,088 | 2,184 | |
Operating Profit | 86 | 80 | 133 | 131 | 170 | 189 | 191 | 207 | 248 | 290 | 278 | 213 | 282 |
OPM % | 11% | 9% | 12% | 11% | 12% | 15% | 14% | 13% | 15% | 16% | 13% | 9% | 11% |
4 | 7 | 2 | 23 | 14 | 25 | 15 | 81 | 22 | 7 | 5 | 5 | 331 | |
Interest | 24 | 34 | 43 | 41 | 37 | 30 | 25 | 19 | 16 | 20 | 23 | 44 | 44 |
Depreciation | 18 | 26 | 37 | 42 | 48 | 49 | 58 | 66 | 74 | 87 | 89 | 114 | 136 |
Profit before tax | 48 | 26 | 55 | 72 | 99 | 136 | 123 | 203 | 180 | 190 | 171 | 60 | 433 |
Tax % | 29% | 15% | 37% | 24% | 29% | 25% | 31% | 33% | 20% | 26% | 24% | 25% | |
34 | 22 | 35 | 54 | 70 | 101 | 85 | 135 | 145 | 141 | 130 | 45 | 332 | |
EPS in Rs | 4.86 | 3.19 | 5.08 | 7.86 | 10.10 | 14.64 | 12.24 | 19.52 | 20.88 | 20.38 | 18.77 | 6.47 | 47.95 |
Dividend Payout % | 26% | 39% | 30% | 22% | 30% | 24% | 29% | 31% | 30% | 29% | 27% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 10% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | -12% |
3 Years: | -30% |
TTM: | 54% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 16% |
3 Years: | 9% |
1 Year: | 77% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 16% |
3 Years: | 14% |
Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 237 | 247 | 264 | 249 | 300 | 367 | 426 | 554 | 587 | 730 | 819 | 814 | 1,089 |
290 | 437 | 440 | 433 | 430 | 433 | 431 | 367 | 501 | 618 | 823 | 829 | 638 | |
185 | 189 | 217 | 317 | 346 | 379 | 433 | 424 | 522 | 638 | 705 | 725 | 696 | |
Total Liabilities | 719 | 880 | 929 | 1,012 | 1,090 | 1,193 | 1,304 | 1,358 | 1,624 | 2,000 | 2,361 | 2,383 | 2,436 |
229 | 319 | 327 | 333 | 358 | 452 | 475 | 465 | 627 | 615 | 832 | 1,126 | 1,095 | |
CWIP | 17 | 23 | 7 | 8 | 15 | 8 | 6 | 24 | 48 | 278 | 285 | 44 | 47 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 146 |
473 | 538 | 594 | 671 | 716 | 733 | 822 | 869 | 948 | 1,105 | 1,243 | 1,210 | 1,148 | |
Total Assets | 719 | 880 | 929 | 1,012 | 1,090 | 1,193 | 1,304 | 1,358 | 1,624 | 2,000 | 2,361 | 2,383 | 2,436 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
52 | 25 | 48 | 112 | 164 | 163 | 148 | 71 | 263 | 165 | 180 | 287 | |
-87 | -120 | -28 | -61 | -83 | -135 | -87 | -27 | -220 | -266 | -308 | -189 | |
59 | 101 | -48 | -43 | -81 | -38 | -62 | -48 | -39 | 108 | 138 | -103 | |
Net Cash Flow | 23 | 7 | -27 | 8 | -0 | -10 | -2 | -3 | 3 | 8 | 9 | -5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 89 | 89 | 85 | 96 | 92 | 98 | 92 | 79 | 78 | 95 | 83 | 77 |
Inventory Days | 159 | 168 | 144 | 125 | 113 | 134 | 131 | 119 | 154 | 142 | 163 | 132 |
Days Payable | 87 | 77 | 63 | 94 | 96 | 139 | 126 | 94 | 139 | 152 | 150 | 136 |
Cash Conversion Cycle | 162 | 180 | 166 | 127 | 109 | 93 | 96 | 105 | 92 | 85 | 96 | 73 |
Working Capital Days | 99 | 110 | 102 | 93 | 86 | 71 | 92 | 94 | 73 | 89 | 92 | 81 |
ROCE % | 15% | 10% | 14% | 16% | 19% | 22% | 18% | 17% | 18% | 17% | 13% | 6% |
Documents
Announcements
- Disclosure As Per Reg 30 Of SEBI Listing Regulations, 2015 - New Product Launch 7h
- Disclosure As Per Reg 30 Of SEBI Listing Regulations, 2015 - Order Passed By Deputy Commissioner Of State Tax (Dept. Of GST) 12h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
- Certificate As Per Reg 40(9) And Reg 61(4) For The Financial Year Ended 31St March, 2024 11 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Dec 2016TranscriptPPT
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]