SADHNANIQCommodities

Sadhana Nitrochem Limited

Commodity Chemicals · ISIN INE888C01040 · BSE 506642 · NSE BE · FV ₹1
Last price
₹3
+1.82%today
What this company does

Sadhana Nitrochem Limited operates in Commodity Chemicals, part of the Commodities sector. It booked ₹27 cr of revenue in its latest quarter (Q1 FY27) and kept -2.0% of sales as profit.

In the report:
37out of 100
Equitytale Health Score
Strained

Healthier than 37% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 25–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns14

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality50

Whether reported profit actually arrives as cash

Growth & consistency27

Whether sales and profit have grown, and how steadily

Valuation37

What today's price implies, against our models or its peers

Governance & risk83

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 60%
Watch-outs
! Currently loss-making
! Thin -2.0% net margin
! 5.1% of promoter stake pledged
! Low -0.5% return on equity
! Operating cash flow is negative

What if I invest in SADHNANIQ?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3 +1.82%
latest close · 2026-09-17
52-wk low ₹342 sessions so far52-wk high ₹3
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.83Moderate
Below bookModerateHigh
EV / EBITDA38.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-0.5%Loss
WeakFairStrong ▸15%
Return on capital2.4%Weak
WeakFairStrong
Net margin-2.0%Loss
ThinDecentStrong
EBITDA margin22.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.24Comfortable
LowModerateHigh ▸1
Interest cover1.0×Risky
RiskyOkayStrong ▸5×
Current ratio1.80Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹830 cr
Book value
₹2
EPS
₹0.00
latest quarter
Net debt
₹95 cr
owes more than its cash
Enterprise value
₹925 cr
EBITDA
₹24 cr
annualised
EBIT
₹12 cr
annualised
Operating margin
11.4%
Return on assets
-0.3%
Earnings yield
P/S
7.62
Sales / share
₹0.4
Tax rate
Face value
₹1
Shares
296.5 cr
Working capital
₹118 cr
Current assets
₹265 cr
Current liabilities
₹147 cr
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹0₹0, midpoint ₹0

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹27 cr
Other Income₹4 cr
Total Income₹31 cr
Cost of Materials₹19 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-6 cr
Employee Benefit Expense₹4 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹7 cr
Total Expenses₹31 cr
Profit before Tax₹-9 L
Tax Expense₹46 L
Net Profit₹-55 L
Net margin on total income-1.8%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹13 cr41.4%
Employee benefit expense₹4 cr14.1%
Finance costs₹3 cr10.1%
Depreciation & amortisation₹3 cr9.3%
Other expenses₹7 cr23.7%
Tax expense₹46 L1.5%
Total income ₹31 cr

The company made a net loss of ₹55 L this quarter — income covered only 98 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue10 cr9 cr27 cr
Total income11 cr12 cr31 cr
Expenses36 cr47 cr31 cr
Profit before tax-25 cr-34 cr-9 L
Tax41 L-71 L46 L
Net profit (owners' share)-25 cr-34 cr-55 L
Net margin (owners' share, on revenue)-257.6%-369.0%-2.0%
EPS (₹)-0.76-0.780.00
YoY (latest quarter): total income -5.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹658 cr
Shareholder equity
₹454 cr
parent shareholders
Total debt
₹109 cr
Cash
₹14 cr
Cash flow · H1 FY26
Operating
₹-12 cr
Investing
₹18 L
Financing
₹10 cr
Peer comparison
Commodity Chemicals · by market value
CompanyPriceMarket capP/E
SRF Limited₹2,536₹75,172 cr24.8
Tata Chemicals Limited₹779₹69,788 cr
Deepak Fertilizers and Petrochemicals Corporation Limited₹1,325₹16,722 cr8.5
Gujarat Narmada Valley Fertilizers and Chemicals Limited₹585₹8,597 cr6.9
Gujarat Alkalies and Chemicals Limited₹674₹4,948 cr22.5
GHCL Limited₹420₹3,862 cr8.6
J.G.Chemicals Limited₹588₹2,305 cr23.0
Thirumalai Chemicals Limited₹156₹1,876 cr
IG Petrochemicals Limited₹555₹1,708 cr6.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.57%
trailing 12 months
Dividend / share (TTM)
₹0.1
Last dividend
₹0.1
ex 22 Sep 2025
ActionDetailEx-date
Rights issue1:818 Feb 2026
Dividend₹0.1 / share22 Sep 2025
Dividend₹0.15 / share17 Sep 2024
Rights issue3:113 Sep 2024
Dividend₹0.15 / share18 Sep 2023
Bonus issue9:25 Jul 2023
Who owns it · 2026-08-07
5.1% pledged
Promoter
59.5%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
40.4%
Promoter stake down 5.9% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAsit Dhankumar Javeri · Promoters7.27 cr · ₹9.5 cr27 Mar 26
SoldAbhishek Asit Javeri · Promoters7.38 cr · ₹9.6 cr27 Mar 26
Bulk / block deals
BoughtANKITA VISHAL SHAH · NSE2.04 cr @ ₹1.3325 Mar 26
SoldANKITA VISHAL SHAH · NSE1.20 cr @ ₹1.3825 Mar 26
SoldMANSI SHARE AND STOCK BROKING PRIVATE LIMITED · NSE21.79 L @ ₹2.324 Feb 26
Stake changes
BoughtNiraj Bajaj→ 6.60% · 5.25 cr7 Aug 26
SoldAsit Dhankumar Javeri · promoter→ 28.99% · 7.27 cr27 Mar 26
SoldAbhishek Asit Javeri · promoter→ 27.68% · 7.38 cr27 Mar 26
Promoter pledges
PledgedJm Financial Services Ltd16.00 L · 34.98% held28 Apr 25
PledgedJm Financial Services Ltd16.00 L · 34.98% held28 Apr 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 15 Jan 2026
See the official result
1
Appointment of Mr. Tej Mayur Contractor (DIN: 00454197) as Non – Executive Independent Director of the Company
Backed by 97% of shareholders other than promotersneeded 75%
30.17 L votes for, 94,594 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 59.5% between them · as of 2026-08-07
Asit Dhankumar Javeri28.34%
Abhishek Asit Javeri27.07%
Manekchand Panachand Trading Investment Co Pvt Ltd1.96%
Chandrika Dhankumar Javeri0.64%
Sadhana Rajiv Jain0.64%
Anuradha Merchant0.41%
Seema Asit Javeri0.40%
Rahat Sandeep Shah0.07%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹264 cr raised in Mar 2026 by offering new shares to existing shareholders

As of Jun 2026, the company says it has spent 100% of what it set aside. Acuite Ratings and Research Limited watches the spending on the exchange’s behalf.

Inter-Corporate Deposit
100%
₹132 cr of ₹132 cr
Promoters Loan
100%
₹81 cr of ₹81 cr
Term Loan
100%
₹6 cr of ₹6 cr
Long-Term Working Capital
100%
₹16 cr of ₹16 cr
General Corporate Purposes
100%
₹27 cr of ₹27 cr
Issue Related Expenses
100%
₹1 cr of ₹1 cr
Spent by quarter: 96%100% (to Jun 2026)
₹50 cr raised in Oct 2024 by offering new shares to existing shareholders

The company has not broken this money down into purposes in its filing for Sep 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.