Sharda Cropchem Q2 FY27 Share Price & Earnings Call Analysis

₹682.30-0.13% today
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

#9of 23 in
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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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Sharda Cropchem Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

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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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Sharda Cropchem Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

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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Full Q1 FY27 analysis

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

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹209 Cr25.1
2Dharmaj Crop20–40%Up 0–2%₹882 Cr14.7
3M B Agro Prod.20–40%Flat₹7,668 Cr49.5
420–40%Flat₹6,453 Cr32.8
510–20%Up 2%+₹1,226 Cr18.3
610–20%Flat₹51,882 Cr27.8

Sign up free to see every company in the sector ranking and track Sharda Cropchem Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Fertilizers & Agrochemicals ranking

Financials 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 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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 Shareholders56,85861,07554,43648,35358,71751,18762,03067,29065,56761,15563,57275,739

Financials of Sharda Cropchem Ltd

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +6385816321,3127857779291,8299859291,2892,0651,074
Expenses +6975605631,0577086878151,5257707961,0481,578888
Operating Profit-5921692557790115303215133241487186
OPM %-9%3.6%11%19%10%12%12%17%22%14%19%24%17%
Other Income +262412-219251253229212235
Interest1510100010002
Depreciation707469546569697278768387100
Profit before tax-105-341219831464625616986179422118
Tax %-15%-18%62%28%11%7%32%20%16%13%19%24%26%
Net Profit +-89-2851432742312041437414531988
EPS in Rs-9.82-3.060.5115.903.024.703.4522.5615.838.2416.0935.329.76

Financials of Sharda Cropchem Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,0611,2221,3991,7071,9982,0032,3963,5804,0453,1634,3205,2685,357
Expenses +8789411,0751,3431,6211,6531,9452,8843,3862,8603,7054,2094,310
Operating Profit1832813243643763504506966593036151,0591,047
OPM %17%23%23%21%19%17%19%19%16%10%14%20%20%
Other Income +2523149-22-124629406060142108
Interest9891520161615202421213
Depreciation2335567099137170245248267275325347
Profit before tax17526127228723518530946443172378856805
Tax %30%33%30%34%25%11%26%25%21%56%20%20%
Net Profit +12317519019117616522934934232304681626
EPS in Rs13.6319.4121.1121.1419.5518.2525.4038.7137.903.5333.7475.4769.41
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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital909090909090909090909090
Reserves5647158701,0451,1941,3131,5241,8222,1422,1472,4103,046
Borrowings +382017000814731880
Other Liabilities +3545226869149149401,1631,7792,1081,7732,2052,620
Total Liabilities1,0471,3291,6462,2192,1982,3432,8583,7384,3434,0284,7135,757
Fixed Assets +88130210226372416544592668708750989
CWIP149210232360220161131212204283291247
Investments959061222121168313432159294361
Other Assets +7158991,1431,6111,3941,6502,0992,8003,4392,8783,3774,159
Total Assets1,0471,3291,6462,2192,1982,3432,8583,7384,3434,0284,7135,757

Financials of Sharda Cropchem Ltd

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 +4619718117556146246267328341604656
Cash from Investing Activity +-19-113-104-160-351-59-282-205-112-393-496-445
Cash from Financing Activity +-24-89-38132-215-6043-91-97-37-68-118
Net Cash Flow3-640-11-11278-29120-894093
Free Cash Flow-3419639-185413-3015338469211158
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit58%95%73%27%169%60%68%49%60%129%103%68%

Financials of Sharda Cropchem Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days156185175191148180177157165173165166
Inventory Days727411716996100117130145155117121
Days Payable117179186202167180180172176144158162
Cash Conversion Cycle1118110615877100114115134184124125
Working Capital Days829599947110194889712892102
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

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%Flat———
Q3 FY26 call →10–20%Up 2%+Planned——
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

8out of 100

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.

PeriodShare price changeBetter 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.

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