Sudarshan Chemical’s key merchandise/income segments embody Inorganic Pigments, Export Incentives and Different Working Income for the 12 months ending 31-Mar-2024.
Financials
For the quarter ended 31-12-2024, the corporate has reported a Consolidated Whole Earnings of Rs 670.92 crore, down -4.30% from final quarter Whole Earnings of Rs 701.06 crore and up 17.70% from final 12 months identical quarter Whole Earnings of Rs 570.02 crore. The corporate has reported web revenue after tax of Rs .51 crore in newest quarter. The corporate’s high administration contains Mr.Pradeep R Rathi, Mr.Naresh T Raisinghani, Mr.Subramanian Padmanabhan, Mr.Dara N Damania, Mrs.Rathi F Forbes, Mr.Sanjay Okay Asher, Mr.Anuj N Rathi, Mr.Ashish Vij, Mr.Rajesh B Rathi, Mrs.Shubhalakshmi A Panse. Firm has B S R & Associates LLP as its auditors. As on 31-12-2024, the corporate has a complete of seven Crore shares excellent. Funding Rationale
HDFC Securities maintains ADD on Sudarshan Chemical (SCIL), with a worth goal of Rs 1,192. Sudarshan Chemical has entered into an settlement to accumulate world pigment enterprise operations of the Heubach Group. The brokerage believes that the match between Heubach and Sudarshan Chemical is ideal. The mix of business main applied sciences, a product portfolio serving a variety of buyer necessities and world manufacturing and repair footprint will give SCIL the flexibility to serve world buyer base within the coatings, plastics, inks and specialty purposes fields, with business main services and products. Having a worldwide scale is crucial for achievement within the pigment enterprise. Thus, HSFC Securities is sustaining a optimistic stance on Sudarshan Chemical Q3 EBITDA/APAT was 11/71% beneath the brokerage estimates resulting from higher-than-expected uncooked materials price and an distinctive merchandise associated to price of acquisition. Promoter/FII Holdings
Promoters held 26.83 per cent stake within the firm as of 31-Dec-2024, whereas FIIs owned 8.44 per cent, DIIs 18.35 per cent.
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