Sharda Cropchem Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹6,159 Cr
- P/E
- 9.84
- ROE
- 23.17%
- PEG
- 0.39
- Price to sales
- 1.15
- Debt to equity
- 0.00
- 52W high / low
- ₹1,256 / ₹630
- Sales growth (5Y)
- 17.07%
- EBITDA margin
- 19.54%
- Net profit margin
- 12.40%
- Promoter holding
- 74.82%
- Sales (last year)
- ₹5,357 Cr
Sharda Cropchem is principally engaged in export of agrochemicals (technical grade and formulations) and non-agro products such as conveyor belts, rubber belts/sheets, dyes and dye intermediates to various countries across the world.
Guidance scorecard · Q2 FY27 call
What Sharda Cropchem Ltd's management guided
and where it ranks in Fertilizers & Agrochemicals
Fertilizers & Agrochemicals
RevenueQ1 FY27 call
10–20%- The company maintains FY27 revenue growth guidance of 10%-15%.
- Volume growth for the year is expected around 10%, with recovery anticipated particularly in Europe after a slower Q1.
- Europe is expected to rebound strongly in the next three quarters, recovering from weather-related volume decline.
- NAFTA and LATAM regions have shown strong volume growth in Q1 and are expected to maintain momentum.
- Future growth is expected from both volume increases and new product additions with higher realizations.
2 more points from Sharda Cropchem Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Sharda Cropchem Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Sharda Cropchem continues to invest significantly in intangible CAPEX, mainly product registrations, with annual investment around Rs. 450-500 crores.
- The high CAPEX of Rs. 273 crores in Q1 FY27 included some unusual data compensation spend but the company has not revised its full-year CAPEX guidance.
- Full-year CAPEX guidance remains around Rs. 500 crores despite higher Q1 spend.
- The company emphasizes that registration activities are full of uncertainties with timelines and costs unpredictable.
2 more points from Sharda Cropchem Ltd's call on capex
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FundraisingQ1 FY27 call
See what Sharda Cropchem Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The company faces uncertainties related to registrations and product acceptance impacting future orders.
- The management highlighted strong registration pipelines, noting ongoing efforts to sustain and grow product registrations, which is integral to securing future sales.
- The volume growth outlook for FY27 is expected at 5% to 10%, indicating anticipated order flow improvement.
- Improvement in European volumes is expected after a weak first quarter impacted by weather.
2 more points from Sharda Cropchem Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance
- Dharmaj CropGood growth2
- Anya Polytech &Good growth1
- M B Agro Prod.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Fertilizers & Agrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Anya Polytech & | 20–40% | Up 2%+ | ₹209 Cr | 25.1 |
| 2 | Dharmaj Crop | 20–40% | Up 0–2% | ₹882 Cr | 14.7 |
| 3 | M B Agro Prod. | 20–40% | Flat | ₹7,668 Cr | 49.5 |
| 4 | 20–40% | Flat | ₹6,453 Cr | 32.8 | |
| 5 | 10–20% | Up 2%+ | ₹1,226 Cr | 18.3 | |
| 6 | 10–20% | Flat | ₹51,882 Cr | 27.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Fertilizers & Agrochemicals rankingFinancials of Sharda Cropchem Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Sharda Cropchem Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 74.82% | 74.82% | 74.82% | 74.82% | 74.82% | 74.82% | 74.82% | 74.82% | 74.82% | 74.82% | 74.82% | 74.82% |
| FIIs + | 2.06% | 2.14% | 2.02% | 2.52% | 3.77% | 4.69% | 5.48% | 5.26% | 4.20% | 4.60% | 3.12% | 3.27% |
| DIIs + | 12.42% | 12.41% | 12.87% | 12.77% | 10.07% | 10.28% | 9.38% | 9.26% | 9.95% | 9.70% | 9.18% | 9.22% |
| Public + | 10.70% | 10.63% | 10.29% | 9.91% | 11.33% | 10.21% | 10.33% | 10.65% | 11.02% | 10.88% | 12.88% | 12.69% |
| No. of Shareholders | 56,858 | 61,075 | 54,436 | 48,353 | 58,717 | 51,187 | 62,030 | 67,290 | 65,567 | 61,155 | 63,572 | 75,739 |
Financials of Sharda Cropchem Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 638 | 581 | 632 | 1,312 | 785 | 777 | 929 | 1,829 | 985 | 929 | 1,289 | 2,065 | 1,074 |
| Expenses + | 697 | 560 | 563 | 1,057 | 708 | 687 | 815 | 1,525 | 770 | 796 | 1,048 | 1,578 | 888 |
| Operating Profit | -59 | 21 | 69 | 255 | 77 | 90 | 115 | 303 | 215 | 133 | 241 | 487 | 186 |
| OPM % | -9% | 3.6% | 11% | 19% | 10% | 12% | 12% | 17% | 22% | 14% | 19% | 24% | 17% |
| Other Income + | 26 | 24 | 12 | -2 | 19 | 25 | 1 | 25 | 32 | 29 | 21 | 22 | 35 |
| Interest | 1 | 5 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 |
| Depreciation | 70 | 74 | 69 | 54 | 65 | 69 | 69 | 72 | 78 | 76 | 83 | 87 | 100 |
| Profit before tax | -105 | -34 | 12 | 198 | 31 | 46 | 46 | 256 | 169 | 86 | 179 | 422 | 118 |
| Tax % | -15% | -18% | 62% | 28% | 11% | 7% | 32% | 20% | 16% | 13% | 19% | 24% | 26% |
| Net Profit + | -89 | -28 | 5 | 143 | 27 | 42 | 31 | 204 | 143 | 74 | 145 | 319 | 88 |
| EPS in Rs | -9.82 | -3.06 | 0.51 | 15.90 | 3.02 | 4.70 | 3.45 | 22.56 | 15.83 | 8.24 | 16.09 | 35.32 | 9.76 |
Financials of Sharda Cropchem Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,061 | 1,222 | 1,399 | 1,707 | 1,998 | 2,003 | 2,396 | 3,580 | 4,045 | 3,163 | 4,320 | 5,268 | 5,357 |
| Expenses + | 878 | 941 | 1,075 | 1,343 | 1,621 | 1,653 | 1,945 | 2,884 | 3,386 | 2,860 | 3,705 | 4,209 | 4,310 |
| Operating Profit | 183 | 281 | 324 | 364 | 376 | 350 | 450 | 696 | 659 | 303 | 615 | 1,059 | 1,047 |
| OPM % | 17% | 23% | 23% | 21% | 19% | 17% | 19% | 19% | 16% | 10% | 14% | 20% | 20% |
| Other Income + | 25 | 23 | 14 | 9 | -22 | -12 | 46 | 29 | 40 | 60 | 60 | 142 | 108 |
| Interest | 9 | 8 | 9 | 15 | 20 | 16 | 16 | 15 | 20 | 24 | 21 | 21 | 3 |
| Depreciation | 23 | 35 | 56 | 70 | 99 | 137 | 170 | 245 | 248 | 267 | 275 | 325 | 347 |
| Profit before tax | 175 | 261 | 272 | 287 | 235 | 185 | 309 | 464 | 431 | 72 | 378 | 856 | 805 |
| Tax % | 30% | 33% | 30% | 34% | 25% | 11% | 26% | 25% | 21% | 56% | 20% | 20% | |
| Net Profit + | 123 | 175 | 190 | 191 | 176 | 165 | 229 | 349 | 342 | 32 | 304 | 681 | 626 |
| EPS in Rs | 13.63 | 19.41 | 21.11 | 21.14 | 19.55 | 18.25 | 25.40 | 38.71 | 37.90 | 3.53 | 33.74 | 75.47 | 69.41 |
| Dividend Payout % | 18% | 21% | 19% | 19% | 20% | 22% | 20% | 16% | 16% | 85% | 27% | 20% |
Financials of Sharda Cropchem Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 |
| Reserves | 564 | 715 | 870 | 1,045 | 1,194 | 1,313 | 1,524 | 1,822 | 2,142 | 2,147 | 2,410 | 3,046 |
| Borrowings + | 38 | 2 | 0 | 170 | 0 | 0 | 81 | 47 | 3 | 18 | 8 | 0 |
| Other Liabilities + | 354 | 522 | 686 | 914 | 914 | 940 | 1,163 | 1,779 | 2,108 | 1,773 | 2,205 | 2,620 |
| Total Liabilities | 1,047 | 1,329 | 1,646 | 2,219 | 2,198 | 2,343 | 2,858 | 3,738 | 4,343 | 4,028 | 4,713 | 5,757 |
| Fixed Assets + | 88 | 130 | 210 | 226 | 372 | 416 | 544 | 592 | 668 | 708 | 750 | 989 |
| CWIP | 149 | 210 | 232 | 360 | 220 | 161 | 131 | 212 | 204 | 283 | 291 | 247 |
| Investments | 95 | 90 | 61 | 22 | 212 | 116 | 83 | 134 | 32 | 159 | 294 | 361 |
| Other Assets + | 715 | 899 | 1,143 | 1,611 | 1,394 | 1,650 | 2,099 | 2,800 | 3,439 | 2,878 | 3,377 | 4,159 |
| Total Assets | 1,047 | 1,329 | 1,646 | 2,219 | 2,198 | 2,343 | 2,858 | 3,738 | 4,343 | 4,028 | 4,713 | 5,757 |
Financials of Sharda Cropchem Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 46 | 197 | 181 | 17 | 556 | 146 | 246 | 267 | 328 | 341 | 604 | 656 |
| Cash from Investing Activity + | -19 | -113 | -104 | -160 | -351 | -59 | -282 | -205 | -112 | -393 | -496 | -445 |
| Cash from Financing Activity + | -24 | -89 | -38 | 132 | -215 | -60 | 43 | -91 | -97 | -37 | -68 | -118 |
| Net Cash Flow | 3 | -6 | 40 | -11 | -11 | 27 | 8 | -29 | 120 | -89 | 40 | 93 |
| Free Cash Flow | -34 | 196 | 39 | -185 | 413 | -30 | 15 | 33 | 84 | 69 | 211 | 158 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 58% | 95% | 73% | 27% | 169% | 60% | 68% | 49% | 60% | 129% | 103% | 68% |
Financials of Sharda Cropchem Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 156 | 185 | 175 | 191 | 148 | 180 | 177 | 157 | 165 | 173 | 165 | 166 |
| Inventory Days | 72 | 74 | 117 | 169 | 96 | 100 | 117 | 130 | 145 | 155 | 117 | 121 |
| Days Payable | 117 | 179 | 186 | 202 | 167 | 180 | 180 | 172 | 176 | 144 | 158 | 162 |
| Cash Conversion Cycle | 111 | 81 | 106 | 158 | 77 | 100 | 114 | 115 | 134 | 184 | 124 | 125 |
| Working Capital Days | 82 | 95 | 99 | 94 | 71 | 101 | 94 | 88 | 97 | 128 | 92 | 102 |
| ROCE % | 27% | 36% | 32% | 27% | 23% | 18% | 21% | 26% | 21% | 4% | 16% | 30% |
Guidance history
How Sharda Cropchem Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | — | — | — |
| Q3 FY26 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
8 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −28.5% | 25% |
| Last 6 months | −36.4% | 4% |
| Last 3 months | −16.8% | 24% |
The price is 45.7% below its all-time high of ₹1,256 (13 Feb 2026). Stocks more than 20% below their peak have their score halved, so 16 became 8.
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 Sharda Cropchem Ltd: 0.4 × 25 + 0.4 × 4 + 0.2 × 24 = 16, halved to 8 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 29 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.
Continue your research
What Sharda Cropchem Ltd's management said in earlier quarters
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