On 6 Nov 2026, Sudarshan Colorants India was priced at ₹368.75, or 15.3× trailing earnings, against an industry P/E of 22.1×, and the shares are 27% below their 52-week high. Its ROCE of 9.9% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 0.8% and 32% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹851 Cr, ranked 85th of 204 Specialty Chemicals companies by market cap; the shares fell 25% over the past year.
- ₹375.00
- ₹378.95
- ₹366.05
- ₹381.75
- 13.1K
Health check
- ReturnsBehind
−24.7% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 15.3 vs industry 22.1.
- GrowthSteady
Sales +0.8%, profit +32.4% a year over 3 years.
- ProfitabilityWeak
ROCE 9.9% vs peer median 24.4%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹851 Cr
- Small cap
- P/E
- 15.3
- Industry 22.1
- Price to book
- 1.39
- Peers 13.33
- Dividend yield
- 0.00%
- ROE
- 9.5%
- Peers 23.0%
- ROCE
- 9.9%
- Peers 24.4%
- Debt to equity
- 0.04
- Debt ₹22 Cr
- EPS (TTM)
- ₹24.10
- Face value ₹10
- OPM (TTM)
- 7.7%
- Net margin 6.3%
- Sales growth
- +47.3%
- Latest quarter vs a year ago
- Profit growth
- +48.2%
- Latest quarter vs a year ago
- Price to sales
- 0.97
- EV/EBITDA 9.2
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 48.2% on a year ago.
- Quarterly sales up 47.3% on a year ago.
- P/E of 15.3 against an industry P/E of 22.1.
- Positive operating cash flow in each of the last 4 years.
About Sudarshan Colorants India
Sudarshan Colorants India Limited engages in the manufacture and sale of specialty chemicals in India and internationally. The company operates through Plastics and Coatings, and Specialty Chemicals segments. It offers various coating, plastics, printing, digital inks, and corrosion protection solutions for various applications, including aluminum anodizing dyes and chemicals, concrete and plaster, cosmetics, home and fabric care, leather coloration,…
- Headquarters
- Pune
- Employees
- 440
- Sector
- Basic Materials
- ISIN
- INE492A01029
- Website
- sudarshan.com
Price range
- Avg volume (3M)
- 15.7K
- 1-year return
- minus 24.7%
- From 52-week high
- minus 26.9%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| SUDARCOLORSudarshan Colorants India | 368.75 | minus 3.41% | 851 | 15.3 | 11.1 | 9.9% | 11.0% | 0.04 | 0.8% | minus 24.7% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 183 | 176 | 211 | 222 | 270 | |
| 165 | 173 | 207 | 197 | 235 | |
| 17.8 | 2.8 | 4.4 | 25.6 | 34.5 | |
| 9.7% | 1.6% | 2.1% | 11.5% | 12.8% | |
| 9.5 | 12.8 | 8.9 | 7.3 | 3.5 | |
| 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | |
| 5 | 4.9 | 4.9 | 5.1 | 4.9 | |
| −0.5 | −12.8 | 8.3 | – | – | |
| 21.1 | −2.7 | 16.2 | 27.2 | 32.4 | |
| 22.8% | 24.5% | 18.8% | 25.3% | 25.6% | |
| 16.3 | −2 | 13.2 | 20.4 | 24.1 | |
| 7.05 | -0.87 | 5.69 | 8.82 | 10.45 |
Profit & loss
- Sales CAGR 3Y
- +0.8%
- Profit CAGR 3Y
- +32.4%
- EPS CAGR 3Y
- +32.4%
- ROE
- 9.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 757 | 781 | 818 | 775 | |
| – | +3.1% | +4.8% | minus 5.3% | |
| 696 | 709 | 732 | 717 | |
| 61.5 | 72.1 | 85.8 | 58 | |
| 8.1% | 9.2% | 10.5% | 7.5% | |
| 4.8 | 8.3 | 14.2 | 26.5 | |
| 0 | 1.8 | 2.3 | 2.1 | |
| 20.4 | 22.6 | 21 | 19.7 | |
| −5.9 | 0 | −8.5 | −5 | |
| 40 | 56 | 68.1 | 57.6 | |
| 52.0% | 26.5% | 24.5% | 22.7% | |
| 19.2 | 41.1 | 51.5 | 44.5 | |
| – | +114.5% | +25.1% | minus 13.4% | |
| 8.31 | 17.82 | 22.29 | 19.29 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.1 | 23.1 | 23.1 | 23.1 | |
| 409 | 449 | 500 | 547 | |
| – | 27 | 25.1 | 23 | |
| 229 | 226 | 210 | 212 | |
| 662 | 726 | 758 | 805 | |
| 145 | 167 | 156 | 164 | |
| 7.6 | 4 | 4.9 | 7.9 | |
| 3.3 | 4.6 | 4.5 | 4.2 | |
| 34 | 109 | 202 | 232 | |
| 472 | 441 | 390 | 396 | |
| 662 | 726 | 758 | 805 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 36.3 | 94.5 | 111 | 34.2 | |
| −8.9 | −17.2 | −36.7 | −73.3 | |
| −0.4 | −3.5 | −4.6 | −4.6 | |
| 27 | 73.8 | 69.4 | −43.7 | |
| −16.3 | −16.5 | −11.9 | −28.7 | |
| 20 | 78 | 98.7 | 5.5 |
Shareholding pattern
- Promoters70.26%
- Public29.74%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.26% | 29.74% | 0.00 | |
| 30 Jun 2026 | 70.26% | 29.74% | 0.00 | |
| 31 Mar 2026 | 70.26% | 29.74% | 0.00 | |
| 31 Dec 2025 | 70.26% | 29.74% | plus 15.89 | |
| 30 Sep 2025 | 54.37% | 45.63% | – |
Major shareholders
Filings & events
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