Sadhana Nitro Chem share price today

Sadhana Nitro Chem Ltd's share price was ₹2.33 at the close on 4 November 2026. It has been falling for 2 weeks. That is 13.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1 and ₹3, and at that close it sat 53% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sadhana Nitro Chem Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 10 years the share price moved +1,564% while the NIFTY 500 moved +219%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

8 points on a year earlier.

1. Revenue grew again in the September 2026 quarter

   Revenue was ₹43 crore, +1483.3% on a year earlier (₹3 crore), after 7 quarters of decline.

2. Operating margin up 646.8 points on a year earlier

   17.9% in the September 2026 quarter, from -628.9%.

For July to September 2026 (the quarter ended 30 September 2026), Sadhana Nitro Chem reported revenue of ₹42.8 crore, up 1,483.3% from ₹2.70 crore a year earlier, and a profit of ₹1.37 crore, against a loss of ₹25.6 crore a year earlier.

Sadhana Nitro Chem results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Sadhana Nitro Chem closed at ₹2.33 on 4 November 2026, up 22.0% from ₹1.91 a year earlier (7 November 2025) and down 71.9% over five years. Its highest weekly close since June 2016 was ₹28.12 on 2 September 2022.

Sadhana Nitro Chem share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

549 weekly closes from 10 June 2016 to 4 November 2026.

4 Nov 2026: Sadhana Nitro Chem closed at ₹2.33, up 3.6% on the week and down 7.5% on the month. Results for July to September 2026: Revenue up 1,483.3% on a year earlier.

Sadhana Nitro Chem paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹0.10 a share, ex-date 22 September 2025.

Sadhana Nitro Chem dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Sadhana Nitro Chem Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 3 of its last 12 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

Sadhana Nitro Chem is on one of our India lists: Penny stocks.

Sadhana Nitro Chem Ltd earned ₹1.4 Cr of net profit in the Sep 2026 quarter. The full FY26 year was a loss of ₹86.0 Cr. That is 3.2% of the quarter's revenue. The same quarter a year earlier lost ₹25.6 Cr. 5 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹86.0 Cr (−1,175.0% on the year before).

Sadhana Nitro Chem Ltd reported ₹42.8 Cr of revenue in the Sep 2026 quarter, +1,483.3% on the same quarter a year earlier. Over 10 years it has grown 3.3% a year on average. The last full year, FY26, came in at ₹50.0 Cr. The last four reported quarters add to ₹88.8 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹50.0 Cr, −69.9% on the year before.

Recent pace: the last four quarters grew +331.2% on average, against 3.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −24.3%, against −31.2% a year over the last 8 quarters (accelerating).

Sadhana Nitro Chem Ltd's operating margin was 17.9% in the Sep 2026 quarter, 646.8 percentage points higher than the same quarter a year ago. Across 12 years it has been between −107.0% and 45.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +646.8 percentage points on the year while gross margin changed +321.2 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 47% of Sadhana Nitro Chem Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹29.0 Cr of cash, against −₹86.0 Cr of profit. After −₹2.0 Cr of spending on assets, free cash was −₹27.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Sadhana Nitro Chem Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹50.0 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹115 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 76.7% of FY26 revenue a year.

Spending on assets: ₹115 Cr over the last 3 years, against ₹46.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹78.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Sadhana Nitro Chem Ltd's P/E is 117.5×, in the middle of its own history: higher than 36% of past readings. Its usual P/E (the middle reading) is 322.1×, over 8.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.