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Sudarshan Chemical Industries
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Sudarshan Chemical Industries Management and History
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Company History
Sudarshan Chemical Industries is a globally renowned player in the Pigment Industry and manufactures a wide range of Organic and Inorganic Pigments, Effect Pigments, Agro Chemicals and other products with two facilities at Roha and Mahad, in Maharashtra. As the largest producer of pigments in India, the Company manufactures an extensive range of Organic, Inorganic and Effect Pigments and dispersions catering to the Coatings, Plastics, Inks and Cosmetics Industries worldwide. Their product offerings include recognized brands such as Sudaperm, Sudafast, Sudacolor, Sumica and Sumicos. Company's development focus is on high performance pigments mainly for automotive coatings and engineering plastics that are produced in state of the art manufacturing facilities at Roha and Mahad.
Pune-based Sudarshan Chemical Industries was formed as a Private Limited Company under the name 'Sudarshan Chemicals Industries Private Limited' in February 19th, 1951. The name of the Company was changed to 'Sudarshan Chemicals Industries Limited' on 15th May, 1975 and the Company went to Public in the December, 1976. Until the seventies, the Company manufactured organic / inorganic pigments and intermediates. But in 1980, it diversified into pesticides.
In Jan.'91, it commenced manufacture of a new range of organic pigments such as pthalocyanine with technology from Dainippon Ink & Chemicals, Japan. The Japanese collaborator, apart from providing technology, also holds a 29.03% stake in the Company. The company entered the area of environmental engineering in collaboration with Radian Corporation, US. It went public with a rights offer at a premium of Rs 100 to set up a plant to manufacture 1125 tpa of organic pigments at Mahad.
The Company announced bonus shares in the ratio 1:2. During 1994-95, exports amounted to Rs 45.8 crore Company has received ISO 9001 certification in respect of its Pigment division.
During 2000-01, the company received the prestigeous ISO 9001 re-certification in respect of its Pigment Division by Bureau Veritas Quality International (BVQI). During 2000-01, Mahad factory has been awarded the coveted ISO 14000 certification by Bureau Veritas Quality International (BVQI), which reconfirms the emphasis given by the company to safety and environment aspects and strict adherence to safety and environment standards.
The Board of Directors of the company in its meeting held on 9 August 2014 recommended sub-division of equity shares of the company from Rs. 10 each to Rs. 2 each along with issue of Bonus Shares in the ratio of 1:1. Accordingly 34613625 shares have been allotted as fully paid up by way of bonus shares of Rs 2 each in the ratio of 1:1 during the year ended 31 March, 2015.
During the year 2017, the Company has incorporated through its direct subsidiary in The Netherlands viz. Sudarshan Europe B.V. a step-down subsidiary (SDS) in Mexico, by the name Sudarshan Mexico on 25 January 2017 for marketing and selling pigments manufactured by Sudarshan, India. Further, the SDS will also be in a position to keep stocks of finished products and do invoicing. This will also enable the Company to service key customers in regions around U.S.A.
In 2017, the Company has also set up a Marketing / Sales Office in Shanghai, China to locally source raw materials and among others to cater to the requirements of Asia Pacific customers.
On 1 June 2018, the Company has entered into a Share Purchase Agreement with Americhem Inc. USA to sell the entire shareholding in its Wholly Owned Subsidiary, Prescient Color Limited for an Enterprise Value of Rs. 11,700 Lakhs. The Equity Value for sale of shares on Closing Date is Rs. 10,228 Lakhs.
The Board of Directors in its meeting held on 27 June 2018, have in-principle approved the transfer of Agro Formulation Brand Business for a fixed consideration of Rs. 700 Lakhs and a variable component in terms of royalty payable on sales. The modalities for this transaction are being worked out.
The Board of Directors at its meeting held on 12th April, 2019, approved a proposal to enter into a definitive agreement with GMM Pfaudler Limited (GMMP) to divest the Industrial Mixing Solutions Division (IMSD) of the Company. The consideration for the said transaction was approx. Rs 29 Crore, which was subject to adjustment on account of trade working capital difference, and related items. On 26th April, 2019, the Company completed the divestment, subject to closing adjustments, of its IMSD to GMMP on a going concern basis in terms of the definitive agreements executed between the parties.
On 26th April 2019, the Company completed the divestment, subject to closing adjustments, of its IMSD to GMMP on a going concern basis in terms of the definitive agreements executed between the parties.
During the FY2020, Sudarshan Japan Limited', a Wholly Owned Subsidiary (WOS) of the Company was set up in Japan, which was incorporated on 29 October 2019.
The Company continued its expansion plans and has put into use projects amounting to Rs 227 Crore during the year 2019-20. This capital expenditure is primarily aimed at augmenting production capacities at Roha and Mahad facilities. These investments are proposed to be funded through the blend of debt and internal accruals.
The Company's operations were shut down from the last week of March 2020 following the nationwide lockdown imposed by the Government of India in view of the COVID-19 pandemic. The Company's plants have since resumed operations in line with the various directives of the Government in a phased manner.
In 2023, the Company commissioned the Capex programme for Rs 750 crore. It launched 4 products comprising of CICP, Solvent Dyes, Pigment Preparation and Digitial Inks. It launched New Pigment Violet 23 for Coatings, Plastics and Inks application.
Sudarshan Chemical Industries Share Price
Sudarshan Chemical Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Sudarshan Chemical Industries Market Cap
Market capitalization of Sudarshan Chemical Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Sudarshan Chemical Industries is valued compared to its competitors.
Sudarshan Chemical Industries PE Ratio
Sudarshan Chemical Industries PE ratio helps investors understand what is the market value of each stock compared to Sudarshan Chemical Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Sudarshan Chemical Industries PEG Ratio
The PEG ratio of Sudarshan Chemical Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Sudarshan Chemical Industries ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Sudarshan Chemical Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Sudarshan Chemical Industries ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Sudarshan Chemical Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Sudarshan Chemical Industries Total Debt
Total debt of Sudarshan Chemical Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Sudarshan Chemical Industries Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Sudarshan Chemical Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Sudarshan Chemical Industries CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Sudarshan Chemical Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Sudarshan Chemical Industries Technical Analysis
Technical analysis of Sudarshan Chemical Industries helps investors get an insight into when they can enter or exit the stock. Key components of Sudarshan Chemical Industries Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Sudarshan Chemical Industries shares often struggle to rise above due to selling pressure.
Sudarshan Chemical Industries Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Sudarshan Chemical Industries ’s financial health and profitability.
Sudarshan Chemical Industries Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Sudarshan Chemical Industries Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Sudarshan Chemical Industries Financials
The financials of Sudarshan Chemical Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Sudarshan Chemical Industries Profit and Loss Statements
The profit and loss statement of Sudarshan Chemical Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Sudarshan Chemical Industries .
Sudarshan Chemical Industries Balance Sheet
The balance sheet presents a snapshot of Sudarshan Chemical Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Sudarshan Chemical Industries Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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