SUDARCOLORCommodities

Sudarshan Colorants India Limited

Dyes And Pigments · ISIN INE492A01029 · BSE 506390 · NSE EQ · FV ₹10
Last price
₹378
+2.10%today
What this company does

Sudarshan Colorants India Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹270 cr of revenue in its latest quarter (Q2 FY27) and kept 8.9% of sales as profit. It is the 6th largest of 9 Dyes And Pigments companies we track, by market value.

“Optimizing for Growth This past year, we took deliberate steps to optimize our Warm regards, manufacturing footprint across the Group. Select AZO products are being transitioned from Frankfurt to Roha, Rajesh Rathi while Cuddalore is building a combination of commodity Chairman and specialty products for the broader industrial market.”
Their stated mission

“To be the inspirational leader of the colorants industry, delivering breakthrough results for all our stakeholders through reliable and sustainable solutions.”

In the report:
74out of 100
Equitytale Health Score
Solid

Healthier than 74% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–176 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)
50

At close. Not part of the score.

Profitability & returns70

How much profit it earns on the money it employs

Balance sheet90

How much it owes, and whether earnings cover the interest

Cash quality55

Whether reported profit actually arrives as cash

Growth & consistency75

Whether sales and profit have grown, and how steadily

Valuation60

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

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 47% vs last year
✓ Profit up 48% vs last year
✓ Promoters hold 70%
✓ No promoter shares pledged
✓ Strong 16% return on equity
✓ Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in SUDARCOLOR?

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 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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
₹378▲ +2.10%
latest close · 2026-11-04
1-year return
-37.7%
52-wk low ₹32052-wk high ₹625
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/E ratio9.1Low
LowAverageHigh
P/B ratio1.42Moderate
Below bookModerateHigh
EV / EBITDA5.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.7%Strong
WeakFairStrong ▸15%
Return on capital20.5%Strong
WeakFairStrong
Net margin8.9%Decent
ThinDecentStrong
EBITDA margin14.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover51.7×Strong
RiskyOkayStrong ▸5×
Current ratio2.42Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹873 cr
Book value
₹266
EPS
₹10.45
latest quarter
Net debt
₹-44 cr
more cash than debt
Enterprise value
₹830 cr
EBITDA
₹152 cr
annualised
EBIT
₹132 cr
annualised
Operating margin
12.3%
Return on assets
10.1%
Earnings yield
11.05%
P/S
0.81
Sales / share
₹467.5
Tax rate
25.6%
Face value
₹10
Shares
2.3 cr
Working capital
₹436 cr
Current assets
₹743 cr
Current liabilities
₹308 cr
Delivery %
65.9%
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 2026-11-04.

Worth vs price · from the FY 2026 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 ₹127–₹169, midpoint ₹134

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 · Q2 FY27 (consolidated)
Revenue from Operations₹270 cr
Other Income₹4 cr
Total Income₹273 cr
Cost of Materials₹160 cr
Purchases of Stock-in-Trade₹26 cr
Inventory Change (±)₹-21 cr
Employee Benefit Expense₹18 cr
Finance Costs₹64 L
Depreciation & Amortisation₹5 cr
Other Expenses₹53 cr
Total Expenses₹241 cr
Profit before Tax₹32 cr
Tax Expense₹8 cr
Net Profit₹24 cr
Net margin on total income8.8%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹164 cr60.1%
Employee benefit expense₹18 cr6.4%
Finance costs₹64 L0.2%
Depreciation & amortisation₹5 cr1.8%
Other expenses₹53 cr19.6%
Tax expense₹8 cr3.0%
Profit for the period₹24 cr8.8%
Total income ₹273 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue211 cr222 cr270 cr
Total income220 cr230 cr273 cr
Expenses212 cr202 cr241 cr
Profit before tax16 cr27 cr32 cr
Tax3 cr7 cr8 cr
Net profit (owners' share)13 cr20 cr24 cr
Net margin (owners' share, on revenue)6.2%9.2%8.9%
EPS (₹)5.698.8210.45
YoY (latest quarter): total income +41.9% · net profit +48.2%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹954 cr
Shareholder equity
₹614 cr
parent shareholders
Total debt
₹0 cr
Cash
₹44 cr
Cash flow · H1 FY27
Operating
₹-24 cr
Investing
₹-63 cr
Financing
₹-2 cr
Peer comparison
Dyes And Pigments · by market value
CompanyPriceMarket capP/E
Sudarshan Chemical Industries Limited₹1,077₹8,560 cr21.9
Kiri Industries Limited₹523₹3,411 cr2.9
Bodal Chemicals Limited₹179₹2,250 cr6.9
Shree Pushkar Chemicals & Fertilisers Limited₹623₹2,015 cr14.1
Bhageria Industries Limited₹365₹1,595 cr7.1
Sudarshan Colorants India Limitedthis company₹371₹855 cr8.9
Asahi Songwon Colors Limited₹370₹437 cr5.7
AksharChem India Limited₹372₹299 cr5.6
Poddar Pigments Limited₹250₹266 cr21.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
—
trailing 12 months
Dividend / share (TTM)
—
Last dividend
₹15
ex 4 Aug 2021
ActionDetailEx-date
Dividend₹15 / share4 Aug 2021
Dividend₹50 / share18 Feb 2021
Dividend₹11 / share17 Aug 2020
Dividend₹140 / share16 Jul 2020
Dividend₹5 / share31 Jul 2019
Dividend₹5 / share14 Nov 2018
Who owns it · 2026-09-30
No pledge
Promoter
70.3%
FII / Foreign
0.1%
DII / Domestic
0.5%
Retail / others
29.1%
Promoter stake up 15.9% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSudarshan Chemical Industries Limited · Promoter36.68 L · ₹150.8 cr1 Oct 26
SoldSudarshan Europe B.V. · Promoter36.68 L · ₹150.8 cr1 Oct 26
BoughtSudarshan Europe B.V. · Promoters19.62 L · ₹118.2 cr3 Oct 25
Stake changes
BoughtSudarshan Chemical Industries Limited · promoter→ 15.89% · 36.68 L1 Oct 26
BothSudarshan Europe B.V. · promoter→ 0.00% · 36.68 L1 Oct 26
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.

Yearly shareholder meeting · 18 Aug 2026
See the official result
1
Adoption of the Audited Financial Statements and the Reports of the Board of Directors and the Auditors thereon
Backed by 99% of shareholders other than promotersneeded 50%
1.35 L votes for, 1,165 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Mandar Velankar (DIN: 11069055), Non-Executive and Non-Independent Director, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, oAers himself for re-appointment
Backed by 79% of shareholders other than promotersneeded 50%
1.11 L votes for, 30,046 against · 22% of mutual funds and other big investors said no
3
Ratification for payment of remuneration to Mrs. Ashwini Kedar Joshi, Cost Auditors for Financial Year 2026-27 to conduct Audit of Cost Records of the Company
Backed by 98% of shareholders other than promotersneeded 50%
1.38 L votes for, 2,750 against · 0% of mutual funds and other big investors said no

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 — 68 named members
owning 70.3% between them · as of 2026-09-30
Colorants International AG36.56%
Ebito Chemiebeteilgungen AG17.80%
Sudarshan Europe B.V.15.89%
Ajay Balkrishna Rathino shares
Balkrishna Rathi Finance Private Limitedno shares
Hangzhou Baihe Heubach Pigments Co. Ltd.no shares
Heubach Colorants Argentina S.A.U.no shares
Heubach Colorants Ibérica, S.L.U.no shares

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.

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