Sudarshan Colorants India Q2 FY27 Share Price & Earnings Call Analysis

₹370.65-3.60% today
Market cap
₹856 Cr
P/E
14.46
ROE
8.80%
PEG
0.52
Price to sales
0.97
Debt to equity
0.04
52W high / low
₹526 / ₹268
Sales growth (5Y)
1.33%
EBITDA margin
8.62%
Net profit margin
6.16%
Promoter holding
70.26%
Sales (last year)
₹879 Cr

Incorporated in 1956, Heubach Colorants India Ltd manufactures and sells Specialty Chemicals[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

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Sudarshan Colorants announcements

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Financials of Sudarshan Colorants

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

Shareholder Pattern

Sudarshan Colorants

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%70.26%70.26%70.26%70.26%
FIIs +0.31%0.34%0.37%0.42%0.43%1.15%1.81%1.28%0.20%0.19%0.16%0.14%
DIIs +1.28%1.92%3.24%3.71%8.53%10.62%9.16%10.10%0.51%0.51%0.51%0.51%
Public +44.05%43.37%42.03%41.51%36.67%33.87%34.67%34.26%29.03%29.04%29.10%29.11%
No. of Shareholders50,11348,17648,36245,61543,93641,59439,81238,53737,66137,25436,76736,490

Financials of Sudarshan Colorants

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +200176205173218213220211183176211222270
Expenses +178162195162190188202186165164207197235
Operating Profit2214101128251824181142634
OPM %11%8%4.9%6%13%12%8%12%10%6%2.1%12%13%
Other Income +215234149-91774
Interest1111111111111
Depreciation6666555555555
Profit before tax179972523132321-3162732
Tax %26%26%33%26%27%26%16%26%23%-25%19%25%26%
Net Profit +136651817111716-2132024
EPS in Rs5.582.772.532.247.987.464.617.407.05-0.875.708.8210.45

Financials of Sudarshan Colorants

Profit & Loss

Annual income statement trend

Dec 2014Mar 2016 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,0451,1409811,014719757731840766791825781879
Expenses +1,0191,073914970677697646778705719743723803
Operating Profit26676744426084626172825876
OPM %2.5%6%7%4.3%6%8%12%7%8%9%10%7%9%
Other Income +1,1965392817502689-19102220
Interest1101143002332
Depreciation33503938293936202023212020
Profit before tax1,1876936332966314494056685873
Tax %21%14%33%35%36%24%30%12%52%27%24%23%
Net Profit +9435924221951220431941514556
EPS in Rs353.8325.7210.619.368.0421.9795.2118.778.3117.8222.2919.2924.10
Dividend Payout %11%583%236%53%124%50%215%0%0%0%0%0%

Financials of Sudarshan Colorants

Balance Sheet

Capital structure and asset base

Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital27232323232323232323232323
Reserves1,369646650602593628384391409449500547591
Borrowings +900003210027252322
Other Liabilities +437232260268278260241222229226210212318
Total Liabilities1,842902933893895943649636662726758805954
Fixed Assets +335365343323309227150150146172160165159
CWIP135101021398845813
Investments33741124112811093444127
Other Assets +1,461458468518552632481469505545589628654
Total Assets1,842902933893895943649636662726758805954

Financials of Sudarshan Colorants

Cash Flows

Operating, investing and financing cash movement

Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-60-14882-1291015713369511134
Cash from Investing Activity +1,224-35-50677-784155-9-17-37-73
Cash from Financing Activity +-175-799-29-70-28-25-474-35-0-3-5-5
Net Cash Flow989-9833-48-2-2-17277469-44
Free Cash Flow895-20059-27679471720781006
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-36%108%136%48%97%190%95%43%83%153%151%76%

Financials of Sudarshan Colorants

Ratios

Working capital efficiency and return ratios

Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5657646492718573104906884
Inventory Days8672959415510111710510196100120
Days Payable7774103103160108155120139136122128
Cash Conversion Cycle655457558764475966504776
Working Capital Days-1349496091129777691707270
ROCE %1%6%5%5%5%11%12%11%11%12%15%11%
20out of 100

Momentum score · price trend

20 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−32.8%19%
Last 6 months−1.1%53%
Last 3 months−5.2%57%

The price is 69% below its all-time high of ₹1,144.6 (16 Jan 2015). Stocks more than 20% below their peak have their score halved, so 40 became 20.

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 Colorants: 0.4 × 19 + 0.4 × 53 + 0.2 × 57 = 40, halved to 20 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 Sudarshan Colorants's management said in earlier quarters

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