As of 6 Nov 2026, Sadhana Nitrochem is loss-making on a trailing 12-month basis, with a net loss of ₹58 Cr, so it has no P/E ratio. The share price is ₹2.28, 73% below its 52-week high. Sales fell 30% a year over 3 years. Debt is 0.22× equity. It is a small-cap company with a market cap of ₹691 Cr, ranked 37th of 76 Chemicals companies by market cap; the shares fell 68% over the past year.
- ₹2.32
- ₹2.39
- ₹2.23
- ₹2.34
- 51.3 L
Health check
- ReturnsBehind
−68.0% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −29.6% a year over 3 years.
- ProfitabilityNegative
ROCE -12.7% vs peer median 10.6%.
- Balance sheetStretched
Debt 0.22× equity, operating profit doesn’t cover interest, Piotroski 2 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹691 Cr
- Small cap
- P/E
- n/a
- Industry 18.2
- Price to book
- 1.49
- Peers 2.62
- Dividend yield
- 0.00%
- ROE
- −16.1%
- Peers 11.7%
- ROCE
- −12.7%
- Peers 10.6%
- Debt to equity
- 0.22
- Debt ₹104 Cr
- EPS (TTM)
- −₹0.98
- Face value ₹1
- OPM (TTM)
- −31.6%
- Net margin −65.2%
- Sales growth
- +1483.3%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 7.78
- EV/EBITDA −25.2
Strengths and risks
Strengths
- Quarterly sales up 1483.3% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −16.1%.
- 73% below its 52-week high.
- Interest coverage of only −2.0×.
- Promoter stake down from 65.8% to 59.5%.
About Sadhana Nitrochem
Sadhana Nitro Chem Limited engages in the manufacture and sale of chemical intermediates and organic and performance chemicals in India and internationally. The company offers downstream derivatives of nitrobenzene and other intermediates for various applications in aerospace, pharma and agro, optical brightening agents, plastic additives, special fibers, epoxy resin hardeners, dyes, and performance chemicals. It also provides meta, ortho, and paraamino…
- Headquarters
- Mumbai
- Employees
- 195
- Sector
- Basic Materials
- ISIN
- INE888C01040
- Website
- sncl.com
Price range
- Avg volume (3M)
- 21.4 L
- 1-year return
- minus 68.0%
- From 52-week high
- minus 73.1%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| SADHNANIQSadhana Nitrochem | 2.28 | minus 2.56% | 691 | – | – | −12.7% | −31.6% | 0.22 | −29.6% | minus 68.0% |
| Median of 7 peers | – | −0.69% | 14,599 | 35.2 | 22.3 | 10.6% | 18.0% | 0.28 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 2.7 | 9.8 | 9.1 | 27.2 | 42.8 | |
| 19.7 | 25 | 31.9 | 24.9 | 35.1 | |
| −17 | −15.2 | −22.8 | 2.3 | 7.7 | |
| −628.9% | −155.6% | −250.5% | 8.5% | 17.9% | |
| −0.5 | 1.2 | 3.3 | 3.7 | 0.3 | |
| 4.9 | 6.9 | 10.7 | 3.2 | 3.1 | |
| 3.7 | 3.9 | 4.1 | 2.9 | 3.2 | |
| −26 | −24.7 | −34.3 | −0.1 | 1.5 | |
| 1.7% | −1.7% | 2.1% | −511.1% | 11.0% | |
| −25.6 | −25.1 | −33.6 | −0.6 | 1.4 | |
| -0.78 | -0.20 | -0.78 | – | – |
Profit & loss
- Sales CAGR 3Y
- −29.6%
- ROE
- −16.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 142 | 189 | 165 | 49.5 | |
| – | +32.9% | minus 12.7% | minus 70.0% | |
| 117 | 147 | 119 | 94 | |
| 25 | 41.9 | 46.2 | −44.5 | |
| 17.6% | 22.2% | 28.1% | −89.9% | |
| −0.9 | −1.4 | 1.3 | −0 | |
| 9 | 12.4 | 16.9 | 22.4 | |
| 7.6 | 14.9 | 15.2 | 16.3 | |
| −1.9 | −0.4 | −3.9 | −4 | |
| 5.7 | 12.8 | 11.5 | −87.3 | |
| 43.8% | 68.2% | 34.4% | 1.0% | |
| 3.2 | 4.1 | 7.6 | −86.4 | |
| – | +28.4% | +85.2% | minus 1243.5% | |
| 0.03 | 0.04 | 0.07 | -2.01 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.2 | 24.7 | 32.9 | 296 | |
| 206 | 202 | 248 | 158 | |
| 139 | 233 | 223 | 113 | |
| 61.3 | 72.7 | 134 | 89.8 | |
| 426 | 532 | 637 | 658 | |
| 195 | 259 | 346 | 388 | |
| 51.8 | 107 | 199 | 227 | |
| 7.1 | 6.1 | 0.1 | 13.8 | |
| 172 | 159 | 91.6 | 28.8 | |
| 426 | 532 | 637 | 658 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −37.8 | −2.4 | 47.9 | −28.6 | |
| −52.8 | −64.9 | −88.6 | −46 | |
| 71.6 | 41.2 | 24.7 | 92.7 | |
| −19 | −26.1 | −16 | 18.1 | |
| −48.3 | −65.8 | −93.6 | −63.9 | |
| −86.1 | −68.2 | −45.7 | −92.5 | |
| −2.9 | −3.7 | −3.7 | – |
Shareholding pattern
- Promoters59.55%
- Public40.45%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 59.55% | 40.45% | 0.00 | |
| 7 Aug 2026 | 59.55% | 40.45% | minus 1.35 | |
| 30 Jun 2026 | 60.90% | 39.10% | 0.00 | |
| 31 Mar 2026 | 60.90% | 39.10% | minus 4.95 | |
| 12 Mar 2026 | 65.85% | 34.15% | – |
Major shareholders
Filings & events
News
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