Is Sudarshan Chemical Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sudarshan Chemical Industries Ltd is a good quality company .

Is Sudarshan Chemical Industries undervalued or overvalued?

The key valuation ratios of Sudarshan Chemical Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Sudarshan Chemical Industries share price return in the past 10 years?

Sudarshan Chemical Industries Ltd share price has appreciated 25.1% annually (CAGR) over the past ten years.

Is Sudarshan Chemical Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sudarshan Chemical Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Sudarshan Chemical Industries?

The latest standalone P/E ratio of Sudarshan Chemical Industries as of 22-Nov-2024 is 42.16.

What is the P/B ratio of Sudarshan Chemical Industries?

The latest standalone P/B ratio of Sudarshan Chemical Industries as of 22-Nov-2024 is 5.51.

What is the 52-week high and low of Sudarshan Chemical Industries?

The 52-week high of Sudarshan Chemical Industries is Rs. 1235.00 and the 52-week low is Rs. 448.10.

Sudarshan Chemical Industries Ltd - Stock Valuation and Financial Performance

Name: Sudarshan Chemical Industries
Brand: Sudarshan Chemical Industries

BSE: 506655 | NSE: SUDARSCHEM | Dyes & Pigments | Small Cap

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Sudarshan Chemicals Share Price

₹962.30 48.60 5.32%
as on 22-Nov'24 16:59

10 Year X-Ray of Sudarshan Chemicals:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	16.5%	18.8%	20%	16.6%	24.4%	19.4%	17.1%	12.9%	6.3%	31.5%	-
Value Creation Index ⓘ	0.2	0.4	0.4	0.2	0.7	0.4	0.2	-0.1	-0.6	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,218	1,409	1,282	1,329	1,593	1,708	1,864	2,201	2,302	2,539	2,633
Sales YoY Gr.	-	15.7%	-9.1%	3.7%	19.8%	7.2%	9.1%	18.1%	4.6%	10.3%	-
Adj EPS ⓘ	6.7	9.9	12.4	11.1	12	19.3	19.6	18.8	8.2	20	19.1
YoY Gr.	-	47.2%	25.2%	-10.9%	8%	61.5%	1.2%	-3.6%	-56.3%	142.1%	-
BVPS (₹) ⓘ	37.9	45.4	55.1	63.6	82	86.8	107.2	120	119.2	165.3	175.1
Adj Net Profit ⓘ	46.7	68.7	86	76.6	82.8	134	135	130	57	138	132
Cash Flow from Ops. ⓘ	112	164	163	148	71	263	165	180	287	193	-
Debt/CF from Ops. ⓘ	3.9	2.6	2.7	2.9	5.2	1.9	3.7	4.6	2.9	2.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.5%	9.8%	10.9%	10.3%
Adj EPS ⓘ	12.8%	10.8%	0.7%	142.1%
BVPSⓘ	17.8%	15.1%	15.5%	38.7%
Share Price	25.1%	20.1%	18.3%	110.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	17.5	23.8	24.7	18.7	16.4	22.9	20.1	16.6	6.9	14	11.2
Op. Profit Mgn % ⓘ	10.7	12	14.8	14.3	13	14.6	15	12.7	10	12.9	13.8
Net Profit Mgn % ⓘ	3.8	4.9	6.7	5.8	5.2	7.8	7.3	5.9	2.5	5.4	5
Debt to Equity ⓘ	1.7	1.4	1.1	1	0.7	0.8	0.8	1	1	0.4	0
Working Cap Days ⓘ	202	193	228	231	213	239	256	247	243	217	83
Cash Conv. Cycle ⓘ	108	90	81	78	78	76	68	75	70	59	18

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.85%

Debt to equity has declined versus last 3 years average to 0.39

Return on Equity has declined versus last 3 years average to 11.20%

Net Profit has been subdued in last 3 years 0.68%

Sales growth is not so good in last 4 quarters at 9.49%

Latest Financials - Sudarshan Chemical Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	22.8	19.1
TTM Sales (₹ Cr.)	2,356	2,633
BVPS (₹.) ⓘ	174.7	175.1
Reserves (₹ Cr.) ⓘ	1,196	1,198
P/BV ⓘ	5.51	5.50
PE ⓘ	42.16	50.48

From the Market
52 Week Low / High (₹)	448.10 / 1235.00
All Time Low / High (₹)	3.55 / 1235.00
Market Cap (₹ Cr.)	6,662
Equity (₹ Cr.)	13.9
Face Value (₹)	2
Industry PE ⓘ	40.8

Management X-Ray of Sudarshan Chemicals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Sudarshan Chemicals

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Sudarshan Chemicals

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,218	1,409	1,282	1,329	1,593	1,708	1,864	2,201	2,302	2,539
Operating Expenses ⓘ	1,088	1,240	1,095	1,142	1,387	1,460	1,584	1,923	2,089	2,222
Manufacturing Costs	155	181	176	183	185	189	220	298	322	340
Material Costs	731	820	708	757	942	976	1,060	1,270	1,368	1,415
Employee Cost	89	99	92	94	124	146	156	184	184	210
Other Costs ⓘ	112	140	118	109	135	149	148	171	214	256
Operating Profit ⓘ	130	170	187	187	206	248	280	278	213	317
Operating Profit Margin (%)	10.7%	12.0%	14.6%	14.1%	13.0%	14.5%	15.0%	12.6%	9.3%	12.5%
Other Income ⓘ	24	14	18	11	7	5	17	5	5	19
Interest ⓘ	41	37	30	25	19	16	20	23	44	39
Depreciation ⓘ	42	48	49	58	66	74	87	89	114	141
Exceptional Items ⓘ	0	0	0	0	72	17	0	0	0	315
Profit Before Tax ⓘ	72	99	126	115	201	180	190	171	60	471
Tax ⓘ	17	29	34	38	68	35	49	41	15	113
Profit After Tax	54	70	92	77	133	145	141	130	45	357
PAT Margin (%)	4.5%	5.0%	7.2%	5.8%	8.3%	8.5%	7.6%	5.9%	1.9%	14.1%
Adjusted EPS (₹)	7.9	10.1	14.6	12.2	19.5	20.9	20.4	18.8	6.5	51.6
Dividend Payout Ratio (%)	22%	30%	24%	29%	31%	30%	29%	27%	23%	9%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	263	314	381	440	568	601	742	831	825	1,144
Share Capital ⓘ	14	14	14	14	14	14	14	14	14	14
Reserves ⓘ	249	300	367	426	554	587	728	817	811	1,131
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	383	393	341	361	303	451	487	672	642	280
Long Term Debt	161	218	142	182	113	225	308	369	449	193
Short Term Debt	222	174	199	179	190	226	179	303	192	86
Trade Payables	188	216	270	264	242	371	441	522	509	512
Others Liabilities ⓘ	300	311	370	334	504	477	654	696	759	756
Total Liabilities ⓘ	1,134	1,233	1,362	1,400	1,617	1,901	2,325	2,720	2,734	2,692
Fixed Assets
Gross Block	645	715	503	584	637	872	945	1,248	1,650	1,763
Accumulated Depreciation	312	357	52	108	172	245	330	416	524	662
Net Fixed Assetsⓘ	333	358	452	475	465	627	615	832	1,126	1,102
CWIP ⓘ	8	15	8	6	24	48	278	285	44	15
Investmentsⓘ	0	0	0	0	0	1	1	2	2	2
Inventories	250	253	261	273	308	411	412	566	494	438
Trade Receivables	317	353	343	333	346	364	485	501	486	585
Cash Equivalents	23	25	15	14	8	16	24	35	29	56
Others Assetsⓘ	202	228	283	298	466	435	510	500	552	495
Total Assets ⓘ	1,134	1,233	1,362	1,400	1,617	1,901	2,325	2,720	2,734	2,692

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	112	164	163	148	71	263	165	180	287	193
PBT ⓘ	72	99	126	115	128	163	190	171	60	155
Adjustment ⓘ	81	91	76	93	68	111	104	104	158	168
Changes in Working Capital ⓘ	-26	-6	-15	-72	-103	50	-91	-58	80	-46
Tax Paid ⓘ	-14	-20	-32	-28	-32	-62	-39	-38	-11	-84
Cash Flow From Investing Activity ⓘ	-61	-83	-135	-87	-27	-220	-266	-308	-189	279
Capex	-56	-85	-134	-87	-102	-254	-268	-309	-191	267
Net Investments	0	-2	0	0	1	-1	0	0	0	8
Others ⓘ	-5	4	-1	0	75	35	2	1	1	4
Cash Flow From Financing Activityⓘ	-43	-81	-38	-62	-48	-39	108	138	-103	-446
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-28	36	-8	7	-63	64	174	55	78	-267
Interest Paid ⓘ	-38	-33	-27	-24	-18	-14	-17	-19	-35	-35
Dividend Paid ⓘ	-12	-35	-25	-29	-8	-100	0	-41	-34	-33
Others ⓘ	36	-48	22	-16	41	11	-48	143	-112	-111
Net Cash Flow ⓘ	8	0	-10	-2	-3	3	8	9	-5	27

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.48	24.25	26.41	18.74	26.35	24.83	21.01	16.52	5.41	36.3
ROCE (%)	16.54	18.84	19.99	16.61	24.38	19.35	17.13	12.87	6.29	31.49
Asset Turnover Ratio	1.21	1.28	1.06	0.98	1.06	0.97	0.88	0.87	0.84	0.94
PAT to CFO Conversion(x)	2.07	2.34	1.77	1.92	0.53	1.81	1.17	1.38	6.38	0.54
Working Capital Days
Receivable Days	80	81	92	91	78	76	83	82	78	77
Inventory Days	71	61	68	72	67	77	81	81	84	67
Payable Days	61	76	117	129	98	115	140	138	137	132

Sudarshan Chemical Industries Ltd Stock News

Sudarshan Chemical Industries Ltd FAQs

What is the share price of Sudarshan Chemicals?

Company share prices are keep on changing according to the market conditions. The closing price of Sudarshan Chemicals on 22-Nov-2024 16:59 is ₹962.3.

What is the market cap of Sudarshan Chemicals?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Sudarshan Chemicals stood at ₹6,661.7.

What is the P/E ratio of Sudarshan Chemicals?

The latest P/E ratio of Sudarshan Chemicals as of 22-Nov-2024 16:59 is 42.16.

What is the P/B ratio of Sudarshan Chemicals?

The latest P/B ratio of Sudarshan Chemicals as of 22-Nov-2024 16:59 is 5.51.

What is the 52-week high and low of Sudarshan Chemicals?

The 52-week high of Sudarshan Chemicals is ₹1,235 and the 52-week low is ₹448.1.

What is the TTM revenue of Sudarshan Chemicals?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sudarshan Chemicals is ₹2,356 ( Cr.) .

About Sudarshan Chemical Industries Ltd

Sudarshan Chemical Industries company was incorporated on February 19, 1951 at Pune as a private limited company and converted into a public limited company on December 31, 1974. Sudarshan Chemical Industries is owned by the Rathi group of companies and accounts for 70% of the Rathi group sales revenue each year. The company makes all its products in-house on its own production plants in Roha and Mahad, in the Maharastra state of India.Its extensive range of products includes organic and inorganic pigments, mica-based effect pigments, chemical intermediates and pesticides. They have a continuous R&D programme, with technologists working on new and customised solutions.

It was the first chemical company in India to be awarded the ISO 9001 certificate in 1993 and continuously evolve and improve itself throughout to maintain high quality standards at every level of the company. It is also accredited with ISO 14001, ISO 18000 and ISO 17025 international quality standards. In order to improve the customer service, they have implemented many planning tools like SAP and CRM that connect factories, branch offices and depots. Supply chain solutions are currently being implemented to further increase the value of their goods.

Business area of the company

Sudarshan manufactures an extensive range of Organic, Inorganic and Pearlescent pigments and dispersions catering to the Coatings, Plastics, Inks and Cosmetics Industries worldwide. Sudarshan also manufactures agrochemicals.

Products

Sudarshan’s product portfolio includes recognized brands like Sudaperm, Sudafast, Sudacolor, Sumica and Sumicos.

Color product

Plastics
Industrial coatings
Decorative paints
Powder castings
Liquid inkss
Offset inks
Textile
Cosmetics

Effect product

Industrial coatings
Powder castings
Offset inks
Textile
Cosmetics
Architectural coatings
Automotive coatings
Leather coatings
Seed coatings
Bead coatings

Awards & Accolades

2017-18

India CSR Award CSR community Initiative Sustainable Village Waste Management, Environment
ECGC Indian Exporters Excellence Award 2017 under the category ‘Most Socially Responsible Exporter’.
Best Employer Brand Innovation in Recruitment
Award from the National Safety Council, Maharashtra Chapter
Dyestuff Manufacturers Association of India Award for Excellent Performance in the field of Pollution Control, Large Scale
Dyestuff Manufacturers Association of India Award for the Second for Excellent Performance in the field of Safety & Hazard control by a Large Scale Unit
Dyestuff Manufacturers Association of India Award for Energy Conservation Initiative

2018-19

Global CSR Award 2019 in Gold Category for an outstanding achievement in implementing CSR programme for strengthening core business with Social commitment
Global Waste Management Award
Golden Peacock HR Excellence Award
DMAI Award for Energy Conservation

2019-20

Appreciation Award By Rotary for CSR activities in Roha
Appreciation Award from the Government of Maharashtra by Dy. CM. Ajit Pawar
CSR Award from International lions Club 2020
Global CSR Award 2020 in Platinum Category - represented case study on Paper Bag Project - Sustainable Livelihood Initiatives for Women
CII HR Excellence Award
Certified Great Place to Work

Milestones

1951: Established as Sudarshan Chemical Industries Private Limited
1952: Started its first manufacturing facility in Swargate, Pune
1961: Began manufacturing of Organic pigments
1967: Started exporting globally
1968: Built a new plant at Wellesley Road in Pune
1973: Established manufacturing facility at Roha
1976: Got listed on BSE
1989: Collaboration with world leader, DIC, Japan
1993: Became the first Indian chemical company to receive ISO 9001 certificate
1994: Commenced manufacturing plant in Mahad for Pthalos and Effect pigments
1999: Introduced SAP across all its functions
2006: Achieved a net revenue of Rs 400 crore. Established a state-ofthe-art technology R&D centre at Sutarwadi
2007: Established subsidiary Sudarshan Europe BV
2009: Expanded its footprints in the USA, incorporation of Sudarshan North America
2010: Received Sword of Honour from the British Safety Council
2014: Achieved a net revenue of Rs 1,000 crore
2017: Certified as ‘Dream Company to work for’ in chemical sector
2017: Started co-gen plant
2018: Established Sudarshan Mexico
2018: Invested in renewable source of energy such as windmill, solar energy
2018: Became number 4 in Pigment industry
2019: Sudarshan established laboratory in Germany
2020: Established Sudarshan Japan K.K