Sudarshan Chemical Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹8,607 Cr
- P/E
- 84.74
- ROE
- 0.54%
- PEG
- -3.32
- Price to sales
- 0.86
- Debt to equity
- 0.72
- 52W high / low
- ₹1,271 / ₹748
- Sales growth (5Y)
- 39.33%
- EBITDA margin
- 6.61%
- Net profit margin
- 0.35%
- Promoter holding
- 9.32%
- Sales (last year)
- ₹9,922 Cr
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)
Guidance scorecard · Q1 FY27 call
What Sudarshan Chem.'s management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
10–20%- Post Heubach acquisition, Sudarshan aims for measured revenue growth, focusing on capturing lost sales rather than aggressive expansion.
- Current market share limits growth beyond overall market size, but there is substantial opportunity in regaining lost business.
- Target to exceed Rs.12,000 Crores in topline, combining legacy and acquired businesses.
- Legacy Sudarshan business expected to grow at 12-13%.
- Focus on profitable growth, maintaining/growing gross margins with premium products.
- Revenue CAGR of 5-7% over next 2-3 years anticipated, comprising both volume and value growth.
- Confidence to grow at 2 to 2.5 times the industry growth rate due to lost business recovery and value capture initiatives.
2 more points from Sudarshan Chem.'s call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
FlatSee what Sudarshan Chem. said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- No substantial new capex is expected in the near term as current capacities are sufficient for projected growth.
- Moderate capex may be undertaken for special initiatives such as backward integration or product development projects, based strictly on ROI.
- The company is progressing with Project Integra (One SAP) to integrate and harmonize reporting systems, expected to go live within the financial year.
2 more points from Sudarshan Chem.'s call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
See what Sudarshan Chem. said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Sudarshan Chem. said on the order book →
Full Q1 FY27 analysisRanges 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 Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
Sign up free to see every company in the sector ranking and track Sudarshan Chem..
Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingSudarshan Chem. announcements
All announcements →- Acquisition / mergerNotableSudarshan Chemical completes acquisition of 15.89% stake in Sudarshan Colorants India
Financials of Sudarshan Chem.
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sudarshan Chem.
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 691 | 608 | 601 | 566 | 764 | 634 | 696 | 666 | 1,349 | 2,507 | 2,387 | 2,103 | 2,790 |
| Expenses + | 606 | 538 | 535 | 504 | 645 | 553 | 602 | 587 | 1,222 | 2,314 | 2,255 | 2,065 | 2,562 |
| Operating Profit | 85 | 70 | 66 | 62 | 119 | 81 | 94 | 79 | 127 | 192 | 132 | 38 | 227 |
| OPM % | 12% | 11% | 11% | 11% | 16% | 13% | 14% | 12% | 9% | 8% | 6% | 2% | 8% |
| Other Income + | 2 | 319 | 6 | 4 | 3 | 4 | -6 | -26 | -38 | 33 | 38 | -24 | 32 |
| Interest | 15 | 10 | 10 | 9 | 8 | 7 | 9 | 11 | 21 | 44 | 44 | 36 | 41 |
| Depreciation | 31 | 35 | 35 | 35 | 36 | 36 | 37 | 37 | 57 | 99 | 97 | 101 | 50 |
| Profit before tax | 41 | 344 | 26 | 22 | 78 | 41 | 43 | 5 | 11 | 82 | 30 | -123 | 168 |
| Tax % | 20% | 22% | 32% | 34% | 26% | 28% | 30% | 89% | 97% | 33% | 35% | -6% | 51% |
| Net Profit + | 33 | 267 | 18 | 15 | 58 | 29 | 30 | 1 | 0 | 55 | 19 | -116 | 82 |
| EPS in Rs | 4.70 | 38.56 | 2.58 | 2.11 | 8.38 | 4.25 | 4.32 | 0.07 | -0.52 | 6.01 | 1.49 | -14.67 | 10.01 |
Financials of Sudarshan Chem.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,205 | 1,401 | 1,282 | 1,329 | 1,593 | 1,708 | 1,864 | 2,201 | 2,302 | 2,539 | 3,346 | 9,787 |
| Expenses + | 1,075 | 1,232 | 1,093 | 1,139 | 1,386 | 1,460 | 1,574 | 1,923 | 2,088 | 2,220 | 2,962 | 9,197 |
| Operating Profit | 131 | 170 | 189 | 191 | 207 | 248 | 290 | 278 | 213 | 318 | 383 | 590 |
| OPM % | 11% | 12% | 15% | 14% | 13% | 15% | 16% | 13% | 9% | 13% | 11% | 6% |
| Other Income + | 23 | 14 | 25 | 15 | 81 | 22 | 7 | 5 | 5 | 332 | -67 | 79 |
| Interest | 41 | 37 | 30 | 25 | 19 | 16 | 20 | 23 | 44 | 39 | 51 | 165 |
| Depreciation | 42 | 48 | 49 | 58 | 66 | 74 | 87 | 89 | 114 | 141 | 166 | 347 |
| Profit before tax | 72 | 99 | 136 | 123 | 203 | 180 | 190 | 171 | 60 | 471 | 99 | 157 |
| Tax % | 24% | 29% | 25% | 31% | 33% | 20% | 26% | 24% | 25% | 24% | 39% | 74% |
| Net Profit + | 54 | 70 | 101 | 85 | 135 | 145 | 141 | 130 | 45 | 357 | 60 | 41 |
| EPS in Rs | 7.86 | 10.10 | 14.64 | 12.24 | 19.52 | 20.88 | 20.38 | 18.77 | 6.47 | 51.63 | 7.10 | 2.84 |
| Dividend Payout % | 22% | 30% | 24% | 29% | 31% | 30% | 29% | 27% | 23% | 9% | 63% | 176% |
Financials of Sudarshan Chem.
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 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 16 | 16 |
| Reserves | 249 | 300 | 367 | 426 | 554 | 587 | 730 | 819 | 814 | 1,135 | 3,424 | 3,434 |
| Borrowings + | 433 | 430 | 433 | 431 | 367 | 501 | 618 | 823 | 829 | 467 | 2,378 | 2,473 |
| Other Liabilities + | 317 | 346 | 379 | 433 | 424 | 522 | 638 | 705 | 725 | 730 | 3,854 | 3,800 |
| Total Liabilities | 1,012 | 1,090 | 1,193 | 1,304 | 1,358 | 1,624 | 2,000 | 2,361 | 2,383 | 2,346 | 9,672 | 9,723 |
| Fixed Assets + | 333 | 358 | 452 | 475 | 465 | 627 | 615 | 832 | 1,126 | 1,102 | 2,958 | 3,012 |
| CWIP | 8 | 15 | 8 | 6 | 24 | 48 | 278 | 285 | 44 | 15 | 140 | 120 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 548 | 566 |
| Other Assets + | 671 | 716 | 733 | 822 | 869 | 948 | 1,105 | 1,243 | 1,210 | 1,227 | 6,026 | 6,025 |
| Total Assets | 1,012 | 1,090 | 1,193 | 1,304 | 1,358 | 1,624 | 2,000 | 2,361 | 2,383 | 2,346 | 9,672 | 9,723 |
Financials of Sudarshan Chem.
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 + | 112 | 164 | 163 | 148 | 71 | 263 | 165 | 180 | 287 | 193 | 37 | 344 |
| Cash from Investing Activity + | -61 | -83 | -135 | -87 | -27 | -220 | -266 | -308 | -189 | 279 | -1,548 | 165 |
| Cash from Financing Activity + | -43 | -81 | -38 | -62 | -48 | -39 | 108 | 138 | -103 | -446 | 2,596 | -680 |
| Net Cash Flow | 8 | -0 | -10 | -2 | -3 | 3 | 8 | 9 | -5 | 27 | 1,085 | -171 |
| Free Cash Flow | 56 | 79 | 29 | 61 | -31 | 9 | -103 | -130 | 96 | 460 | -56 | 76 |
| CFO/OP | 97% | 109% | 103% | 92% | 50% | 131% | 70% | 78% | 140% | 87% | 31% | 93% |
Financials of Sudarshan Chem.
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 | 96 | 92 | 98 | 92 | 79 | 78 | 95 | 83 | 77 | 84 | 134 | 63 |
| Inventory Days | 125 | 113 | 134 | 131 | 119 | 154 | 142 | 163 | 132 | 113 | 507 | 179 |
| Days Payable | 94 | 96 | 139 | 126 | 94 | 139 | 152 | 150 | 136 | 132 | 288 | 113 |
| Cash Conversion Cycle | 127 | 109 | 93 | 96 | 105 | 92 | 85 | 96 | 73 | 65 | 353 | 129 |
| Working Capital Days | 26 | 40 | 14 | 43 | 51 | 24 | 29 | 18 | 23 | 40 | 154 | 74 |
| ROCE % | 16% | 19% | 22% | 18% | 17% | 18% | 17% | 13% | 6% | 11% | 6% | 6% |
Guidance history
How Sudarshan Chem.'s guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 0–10% | Flat | None planned | — | — |
| Q3 FY26 call → | 0–10% | Up 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
32 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 | −8.4% | 51% |
| Last 6 months | +18.2% | 73% |
| Last 3 months | +7.2% | 75% |
The price is 29.1% below its all-time high of ₹1,523.8 (23 Sept 2025). Stocks more than 20% below their peak have their score halved, so 65 became 32.
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 Sudarshan Chem.: 0.4 × 51 + 0.4 × 73 + 0.2 × 75 = 65, halved to 32 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 Sudarshan Chem.'s management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
Others in Chemicals & Petrochemicals this season
- POCL Enterprises Ltd (Q1 FY27)
466.03 crores (Page 12, 17, 11) . Key investor presentation takeaways from POCL Enterprises Ltd's Q1 FY27 investor presentation — and how it ranks against secto
- Deepak Nitrite Ltd (Q2 FY27)
Q2 FY27 total revenue: ₹3,091 crore, up 61% YoY (Page 1, 4, 5, 6, 10, 11) . Key investor presentation takeaways from Deepak Nitrite Ltd's Q2 FY27 investor prese
- Privi Speciality Chemicals Ltd (Q2 FY27)
19,239.47 lakhs (approximately 33.9% growth). Key results statement takeaways from Privi Speciality Chemicals Ltd's Q2 FY27 results statement — and how it ranks
- NOCIL Ltd (Q2 FY27)
427 crores . Key investor presentation takeaways from NOCIL Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.
