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)
Market Position[1]The company is the 3rd largest pigment manufacturer globally. In FY24, it held a 35% market share.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Sudarshan Chem. | 885.05 | 35.15 | 6948.31 | 0.51 | 74.10 | 20.98 | 582.50 | -13.81 | 11.03 | 2392.07 | 14.95 | 197.68 | 74.10 | 2.88 | 5.34 | 0.16 |
| 2. | Kiri Industries | 538.05 | 26.47 | 3229.81 | 0.00 | 19.65 | -75.53 | 213.44 | 23.38 | 10.52 | 799.21 | -9.93 | 122.04 | 19.65 | 0.98 | 6.38 | 0.37 |
| 3. | Ultramarine Pig. | 422.10 | 15.52 | 1232.53 | 1.42 | 19.36 | 3.92 | 196.07 | 21.87 | 10.42 | 753.73 | 16.96 | 79.42 | 19.36 | 1.16 | 6.66 | 0.08 |
| 4. | Sh.Pushkar Chem. | 328.25 | 14.86 | 1064.38 | 0.61 | 18.20 | 36.64 | 255.09 | 45.25 | 11.64 | 946.06 | 10.83 | 71.62 | 18.20 | 1.84 | 7.35 | 0.27 |
| 5. | Heubach Colorant | 437.25 | 14.62 | 1008.46 | 0.00 | 16.28 | -9.45 | 183.14 | -16.15 | 15.18 | 827.12 | 10.27 | 68.99 | 16.67 | 1.81 | 7.80 | 0.04 |
| 6. | Bhageria Indust. | 169.25 | 14.45 | 736.50 | 0.89 | 11.47 | 80.00 | 204.39 | 58.31 | 8.07 | 714.85 | 13.58 | 50.97 | 11.79 | 1.28 | 4.63 | 0.13 |
| 7. | Bodal Chemicals | 49.85 | 17.28 | 627.21 | 0.00 | 5.99 | 2608.33 | 480.45 | 12.09 | 5.51 | 1828.99 | 8.88 | 36.30 | 6.02 | 0.56 | 1.19 | 0.77 |
| – | Median: 13 Co. | 239.15 | 17.31 | 627.21 | 0.33 | 5.99 | -9.45 | 183.14 | 13.14 | 9.52 | 714.85 | 8.88 | 36.3 | 6.02 | 1.28 | 4.98 | 0.28 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 454 | 465 | 542 | 525 | 489 | 510 | 618 | 580 | 676 | 575 | 704 | 531 | 582 |
Expenses | 417 | 426 | 473 | 460 | 433 | 445 | 528 | 488 | 558 | 503 | 634 | 412 | 485 |
Operating Profit | 36 | 39 | 69 | 65 | 56 | 65 | 89 | 92 | 118 | 72 | 70 | 119 | 97 |
Other Income | 1 | 1 | 1 | 319 | 6 | 4 | -0 | 4 | 5 | -4 | 8 | 25 | 22 |
Profit before tax | 3 | 0 | 28 | 342 | 20 | 28 | 49 | 55 | 82 | 23 | 34 | 99 | 75 |
Tax % | 29% | -2,150% | 18% | 22% | 29% | 32% | 24% | 26% | 25% | 30% | 34% | 26% | 1% |
Net Profit | 2 | 1 | 23 | 265 | 14 | 19 | 37 | 41 | 61 | 16 | 22 | 73 | 74 |
EPS in Rs | 0.30 | 0.20 | 3.28 | 38.32 | 2.04 | 2.72 | 5.33 | 5.93 | 8.85 | 2.35 | 2.85 | 9.33 | 9.43 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,015 | 1,076 | 1,199 | 1,126 | 1,306 | 1,433 | 1,518 | 1,708 | 1,919 | 1,976 | 2,141 | 2,534 | 2,392 |
Expenses | 889 | 966 | 1,043 | 955 | 1,107 | 1,229 | 1,280 | 1,441 | 1,684 | 1,793 | 1,865 | 2,182 | 2,035 |
Operating Profit | 126 | 110 | 157 | 171 | 199 | 203 | 238 | 267 | 235 | 183 | 276 | 352 | 358 |
Other Income | 3 | 25 | 13 | 21 | 12 | 91 | 25 | 17 | 8 | 4 | 329 | 12 | 51 |
Interest | 39 | 36 | 27 | 24 | 25 | 15 | 13 | 18 | 19 | 38 | 30 | 30 | 33 |
Depreciation | 35 | 40 | 44 | 49 | 58 | 65 | 72 | 85 | 87 | 111 | 137 | 141 | 144 |
Profit before tax | 55 | 60 | 98 | 119 | 128 | 215 | 177 | 181 | 137 | 38 | 439 | 194 | 231 |
Net Profit | 34 | 42 | 72 | 89 | 88 | 152 | 149 | 136 | 100 | 31 | 335 | 141 | 186 |
EPS in Rs | 4.99 | 6.13 | 10.35 | 12.90 | 12.72 | 21.89 | 21.48 | 19.68 | 14.50 | 4.54 | 48.41 | 17.94 | 23.96 |
Dividend Payout % | 30% | 29% | 29% | 27% | 28% | 27% | 29% | 30% | 34% | 33% | 10% | 25% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 16 | 16 |
Reserves | 296 | 266 | 313 | 380 | 439 | 585 | 619 | 757 | 818 | 794 | 1,093 | 2,243 | 2,397 |
Borrowings | 394 | 349 | 347 | 361 | 365 | 311 | 445 | 563 | 761 | 754 | 378 | 435 | 388 |
Other Liabilities | 206 | 272 | 284 | 321 | 349 | 354 | 483 | 589 | 626 | 585 | 610 | 677 | 578 |
Total Liabilities | 904 | 901 | 958 | 1,076 | 1,166 | 1,263 | 1,561 | 1,923 | 2,220 | 2,148 | 2,094 | 3,371 | 3,379 |
Fixed Assets | 316 | 309 | 328 | 418 | 465 | 464 | 614 | 598 | 812 | 1,098 | 1,069 | 1,019 | 1,000 |
Gross Block | 572.55 | 608.69 | 670.37 | 467.05 | 572.61 | 635.27 | 855.69 | 923.61 | 1,222.21 | 1,614.31 | 1,720.07 | 1,808.98 | – |
Accumulated Depreciation | 256.82 | 299.52 | 342.04 | 48.66 | 107.48 | 170.97 | 242.17 | 325.86 | 410.13 | 516.18 | 650.92 | 789.72 | – |
CWIP | 6 | 7 | 15 | 8 | 6 | 24 | 48 | 278 | 282 | 44 | 15 | 45 | 58 |
Investments | 29 | 49 | 48 | 55 | 60 | 42 | 44 | 55 | 55 | 56 | 51 | 1,048 | 1,069 |
Other Assets | 553 | 535 | 566 | 595 | 636 | 733 | 855 | 992 | 1,071 | 950 | 960 | 1,259 | 1,252 |
Total Assets | 904 | 901 | 958 | 1,076 | 1,166 | 1,263 | 1,561 | 1,923 | 2,220 | 2,148 | 2,094 | 3,371 | 3,379 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 83 | 150 | 152 | 144 | 155 | 85 | 236 | 155 | 165 | 284 | 189 | 66 |
Cash from Investing Activity | -28 | -67 | -78 | -128 | -88 | -25 | -224 | -261 | -294 | -182 | 289 | -1,113 |
Cash from Financing Activity | -63 | -76 | -72 | -25 | -70 | -63 | -11 | 113 | 134 | -110 | -449 | 1,030 |
Net Cash Flow | -8 | 7 | 1 | -9 | -3 | -3 | 0 | 8 | 5 | -9 | 30 | -17 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 95 | 90 | 88 | 93 | 84 | 89 | 88 | 105 | 88 | 78 | 89 | 98 |
Inventory Days | 127 | 95 | 88 | 107 | 93 | 105 | 140 | 117 | 154 | 112 | 93 | 90 |
Days Payable | 65 | 85 | 89 | 125 | 107 | 100 | 146 | 151 | 154 | 128 | 130 | 127 |
Cash Conversion Cycle | 158 | 100 | 87 | 75 | 70 | 93 | 82 | 70 | 89 | 62 | 52 | 61 |
Working Capital Days | 50 | 27 | 42 | 14 | 36 | 55 | 28 | 31 | 16 | 20 | 38 | 37 |
ROCE % | 14% | 14% | 19% | 20% | 20% | 17% | 17% | 16% | 11% | 5% | 10% | 11% |
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