Sadhana Nitro Chem Q2 FY27 Share Price & Earnings Call Analysis

₹2.26-2.16% today
Market cap
₹685 Cr
ROE
-23.52%
Price to sales
7.71
Debt to equity
0.22
52W high / low
₹8.04 / ₹1.33
Sales growth (5Y)
-13.58%
EBITDA margin
-31.55%
Net profit margin
-173.99%
Promoter holding
59.55%
Sales (last year)
₹89 Cr

Incorporated in 1973, Sadhana Nitro Chem Ltd manufactures chemical intermediates, heavy organic chemicals performance chemicals, and wireless network equipment and services[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹234 Cr3.0
240%+Flat₹3,888 Cr48.5
340%+Flat₹3,514 Cr4.3
440%+Flat₹180 Cr11.9
540%+Flat₹138 Cr15.1
620–40%Up 2%+₹1.70L Cr85.4

Financials of Sadhana Nitro

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Sadhana Nitro

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +65.81%65.64%65.48%65.47%65.11%64.90%56.73%29.97%29.97%60.91%60.91%59.55%
FIIs +0.00%0.05%0.00%0.00%0.00%0.06%0.04%0.04%0.14%0.00%0.04%0.04%
DIIs +0.05%0.03%0.03%0.03%0.01%0.01%0.01%0.06%0.06%0.01%0.04%0.04%
Public +34.15%34.29%34.49%34.50%34.87%35.03%43.22%69.92%69.82%39.07%39.02%40.38%
No. of Shareholders36,52043,36643,76849,69151,72452,28154,47563,14464,25868,44875,88177,028

Financials of Sadhana Nitro

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +42.0144.0864.5536.1042.8837.1049.4728.102.709.769.1127.2242.75
Expenses +29.4832.6855.2626.4834.6025.8736.2426.1619.6824.9531.9324.9035.09
Operating Profit12.5311.409.299.628.2811.2313.231.94-16.98-15.19-22.822.327.66
OPM %29.83%25.86%14.39%26.65%19.31%30.27%26.74%6.90%-628.89%-155.64%-250.49%8.52%17.92%
Other Income +-0.010.772.470.291.170.49-0.124.48-0.471.203.343.710.26
Interest4.494.364.124.154.424.644.294.014.856.8710.723.193.14
Depreciation3.823.833.473.983.993.363.854.653.683.874.132.933.24
Profit before tax4.213.984.171.781.043.724.97-2.24-25.98-24.73-34.33-0.091.54
Tax %38.95%76.63%87.53%65.17%75.00%30.65%17.51%-5.36%-1.66%1.66%-2.07%511.11%11.04%
Net Profit +2.570.930.520.620.262.584.10-2.12-25.55-25.14-33.62-0.551.37
EPS in Rs0.010.000.000.000.000.010.01-0.01-0.09-0.08-0.11-0.000.00

Financials of Sadhana Nitro

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4836551142671061031321431901665089
Expenses +523447791477780117122149123103117
Operating Profit-42835120292315214142-53-28
OPM %-8%5%15%31%45%27%23%11%15%22%26%-107%-32%
Other Income +14000125524299
Interest5565123351017182624
Depreciation22223666815151614
Profit before tax3-51281072219961312-87-58
Tax %-35%0%0%-11%29%34%15%30%44%68%34%-1%
Net Profit +4-51317615166348-86-58
EPS in Rs0.01-0.020.000.110.260.050.060.020.010.010.03-0.29-0.19
Dividend Payout %0%0%0%0%0%0%0%47%95%91%0%0%

Financials of Sadhana Nitro

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital9999991420202533296303
Reserves-7-1213796107116141206202248158165
Borrowings +3744361684683116139233247113104
Other Liabilities +2627377864539111061731099097
Total Liabilities666883139177216304386426532637658670
Fixed Assets +3129375076847875144156159163157
CWIP99911215236828531007882
Investments0000566766000
Other Assets +2630377894111197236248317378416431
Total Assets666883139177216304386426532637658670

Financials of Sadhana Nitro

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +9-193553-171-5-38-348-29
Cash from Investing Activity +-0-0-1-6-25-22-23-39-53-65-89-46
Cash from Financing Activity +-92-25-13-2330304672422593
Net Cash Flow01-16165-972-19-26-1618
Free Cash Flow9-182932-39-7-46-86-68-46-93
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-246%-47%110%107%51%4%5%23%-154%-4%121%50%

Financials of Sadhana Nitro

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days56131684921100173113167242270976
Inventory Days102176222184217600600951
Days Payable22639535019564254234465
Cash Conversion Cycle-68-88-59371744465391131672422701,462
Working Capital Days-211-321-127-10724699571207179150734
ROCE %-13%0%16%62%136%18%12%6%5%7%6%-11%
29out of 100

Momentum score · price trend

29 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−2.5%58%
Last 6 months+8.3%66%
Last 3 months−10.3%44%

The price is 91.6% below its all-time high of ₹28.12 (2 Sept 2022). Stocks more than 20% below their peak have their score halved, so 58 became 29.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sadhana Nitro: 0.4 × 58 + 0.4 × 66 + 0.2 × 44 = 58, halved to 29 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

What Sadhana Nitro's management said in earlier quarters

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