Sudarshan Chemical Industries Ltd Stock Analysis

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

BSE Share Price 25-Nov-2022 18:01
388.60 3.20 (0.83%)

DeciZen - Make an Informed Decision on Sudarshan Chemicals

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Sudarshan Chemicals Price Chart

P/E Ratio (CD) :
29.03
Market Cap :
2,690.2 Cr.
52-wk low :
373.5
52-wk high :
635.5
Bole Toh?

1. Is Sudarshan Chemical Industries Ltd a good quality company?

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

2. Is Sudarshan Chemical Industries Ltd 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 Fair zone.

3. Is Sudarshan Chemical Industries Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sudarshan Chemical Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.9%9.7%10.7%13.1%15%12.6%11%14.2%12.2%9.7%-
Value Creation Index -0.5-0.3-0.2-0.10.1-0.1-0.20.0-0.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8731,1191,2181,4091,4991,6461,6741,7091,8642,2012,290
YoY Gr. Rt. %-28.2%8.9%15.7%6.4%9.8%1.7%2.1%9.1%18.1%-
Adj EPS 2.75.56.79.913.512.212.319.219.618.813.4
YoY Gr. Rt. %-106%23%47.2%36.4%-9.9%0.9%56.4%1.6%-3.6%-
BVPS (₹) 29.531.937.945.455.163.68286.8107.2120115.8
Adj Net Profit 18.43846.768.793.684.485.113313513093
Cash Flow from Ops. 25.548.311216416314871263165178-
Debt/CF from Ops. 17.29.13.92.62.72.95.21.93.74.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.8%8%9.6%18.1%
Adj EPS 24.3%6.9%15.3%-3.6%
BVPS 16.916.913.511.9
Share Price 24.3% 1.2% -0.7% -32.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 7.414.517.523.82720.616.922.820.116.611.4
Op. Profit Mgn % 9.112.110.71213.612.712.714.61512.710.6
Net Profit Mgn % 2.13.43.84.96.35.15.17.87.35.94.1
Debt to Equity 2.121.71.41.110.70.80.810.6
Working Cap Days 225197202193194195221249256247198
Cash Conv. Cycle 1141101089069617376687524

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 15.27%

Debt to equity has declined versus last 3 years average to 0.99

Sales growth is good in last 4 quarters at 12.49%

Return on Equity has declined versus last 3 years average to 11.30%

Sales growth has been subdued in last 3 years 9.55%

Latest Financials - Sudarshan Chemical Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 9.9 13.4
TTM Sales (₹ Cr.) 1,996 2,290
BVPS (₹.) 114.7 115.8
Reserves (₹ Cr.) 780 788
P/BV 3.39 3.35
PE 39.44 29.03
From the Market
52 Week Low / High (₹) 373.50 / 635.50
All Time Low / High (₹) 3.55 / 791.95
Market Cap (₹ Cr.) 2,690
Equity (₹ Cr.) 13.9
Face Value (₹) 2
Industry PE 21.7

Management X-Ray of Sudarshan Chemicals :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sudarshan Chemicals

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Sudarshan Chemical Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sudarshan Chemicals on 25-Nov-2022 18:01 is : 388.6.
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 25-Nov-2022 18:01 the market cap of Sudarshan Chemicals stood at ₹ 2,690.2.
The latest PE ratio of Sudarshan Chemicals as of 25-Nov-2022 18:01 is 39.44.
The latest PB ratio of Sudarshan Chemicals as of 25-Nov-2022 18:01 is 3.39
The 52-week high of Sudarshan Chemicals is ₹ 635.5 and the 52-week low is ₹ 373.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Sudarshan Chemicals is ₹ 1,996 ( 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
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