# Sadhana Nitro Chem share price today (Sadhana Nitro Chem Ltd, NSE: SADHNANIQ)

> Sadhana Nitro Chem share price today: ₹2.26 at the NSE close on 3 November 2026, up 13.6% in a year. Sadhana Nitro Chem (NSE: SADHNANIQ) is worth ₹685 crore, trades at a P/E of 117.5 and has closed between ₹1.36 and ₹3.19 over the past 52 weeks. > Sadhana Nitro Chem Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SADHNANIQ · Dyes & Pigments · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/sadhana-nitro-chem-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹2.26 (+13.6% in a year)
- P/E: 117.5× (lower than 64% of the last 8.3 years)
- Revenue (Sep 2026): ₹42.8 Cr (+1,483.3% on a year ago)
- Profit (Sep 2026): ₹1.4 Cr
- Operating margin: 17.9% (+646.8 points on a year ago)
- ROCE: −11%, FY26
- ROIC: −7.2%, against a 12.0% cost of capital: −19.2 points

The main question: profits are rising, but only 47% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Sadhana Nitro Chem share price today? Sadhana Nitro Chem Ltd's share price was ₹2.26 at the close on 3 November 2026. It has been falling for 2 weeks. That is 15.7% 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 49% of the way up from that low. 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 +1,514% 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. ## What changed at Sadhana Nitro Chem this quarter? 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%. ## What are Sadhana Nitro Chem's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹42.8 crore | ₹2.70 crore | +1,483.3% |
| Profit | ₹1.37 crore | loss of ₹25.6 crore | n/a |
| Earnings per share | ₹0.00 | ₹−0.09 | n/a |
| Operating margin | 17.9% | −628.9% | +646.8 points |

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.)

## What is the Sadhana Nitro Chem share price history? Sadhana Nitro Chem closed at ₹2.26 on 3 November 2026, up 13.6% from ₹1.99 a year earlier (31 October 2025) and down 72.7% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1.95 | +15.9% |
| 1 month ago · 1 Oct 2026 | ₹2.52 | −10.3% |
| 6 months ago · 30 Apr 2026 | ₹2.39 | −5.4% |
| 1 year ago · 31 Oct 2025 | ₹1.99 | +13.6% |
| 3 years ago · 3 Nov 2023 | ₹21.40 | −89.4% |
| 5 years ago · 4 Nov 2021 | ₹8.28 | −72.7% |
| 10 years ago · 4 Nov 2016 | ₹0.25 | +804.0% |
| Earliest and lowest weekly close in our records · 10 Jun 2016 | ₹0.14 | +1,514.3% |
| Highest weekly close since June 2016 · 2 Sep 2022 | ₹28.12 | −92.0% |
| 52-week high (weekly close) · 14 Aug 2026 | ₹3.19 | −29.2% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹1.36 | +66.2% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (549 weekly closes from 10 June 2016 to 3 November 2026.)

## What is the latest news on Sadhana Nitro Chem? 3 Nov 2026: Sadhana Nitro Chem closed at ₹2.26, up 15.9% on the week and down 10.3% on the month. Results for July to September 2026: Revenue up 1,483.3% on a year earlier. ## What dividend does Sadhana Nitro Chem pay? Sadhana Nitro Chem paid no dividend in the 12 months to 4 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 22 Sep 2025 | ₹0.10 | Dividend | same day |
| 17 Sep 2024 | ₹0.15 | Dividend | 18 Sep 2024 |
| 18 Sep 2023 | ₹0.15 | Dividend | 19 Sep 2023 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## Which stock lists is Sadhana Nitro Chem on? Sadhana Nitro Chem is on one of our India lists: Penny stocks. [Penny stocks](https://www.sectoralpha.in/penny-stocks-india)

## Is Sadhana Nitro Chem profitable? 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. For the full year, FY26 profit was −₹86.0 Cr (−1,175.0% on the year before). ## How much revenue does Sadhana Nitro Chem make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Sadhana Nitro Chem keep? 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. 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. ## Is Sadhana Nitro Chem's profit turning into cash? 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. 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. ## Where does Sadhana Nitro Chem's cash go? 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. 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. ## What is Sadhana Nitro Chem's P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved −1,066.7% while the price moved +13.6%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved −22.9% a year; about −7.8% a year came from earnings growth and about −15.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Sadhana Nitro Chem business getting better or worse? Sadhana Nitro Chem Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −24.3% in the latest quarter, against +32.9% at its best in 12 quarters, with ROCE falling at 8.2%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Sadhana Nitro Chem earn on its capital? Sadhana Nitro Chem Ltd earned a ROCE of −11% in FY26. That is up from a low of −13% in FY15. Its return on capital used (ROIC) is 19.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −172.0% net margin and 0.08× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −172.0% net margin × 0.08× asset turnover × 1.45× leverage (assets divided by equity) ≈ −20.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: −7.2% − 12.0% = −19.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The −7.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at −12.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Sadhana Nitro Chem have too much debt? Sadhana Nitro Chem Ltd has total debt of ₹113 Cr against shareholder equity of ₹454 Cr as of Jun 2026, so its debt is 0.25× its equity, which is very little. Year by year, that ratio went from 0.72 in FY22 to 0.25 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Sadhana Nitro Chem shareholding pattern? Promoters cut their stake in Sadhana Nitro Chem Ltd by 5.6 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 59.5% of the company. Foreign institutions moved +0.0 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: promoters drove it (−5.6 points). They reduced their stake. ## How far is Sadhana Nitro Chem from balance-sheet trouble? For Sadhana Nitro Chem Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Sadhana Nitro Chem rank in its industry? 32.4 out of 100, rank 9 of 10 in Dyes & Pigments, with 71% of the evidence available. Sadhana Nitro Chem Ltd scores 32.4 out of 100 against the 10 companies it is compared with in Dyes & Pigments, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 12.1 + 4 + 10 + 6.3 = 32.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Sadhana Nitro Chem compared with? Sadhana Nitro Chem ranks 9 of 10 Dyes & Pigments companies on the 4-Factor Sector Score, with 32.4 out of 100. 1. [Bhageria Industries Ltd](https://www.sectoralpha.in/stocks/bhageria-industries-ltd) BHAGERIA · leader · Most evidence points up · 82% evidence 69.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 75.8% · Profit 100% · Operating margin change 8 points · 95% evidence Capital efficiency 14.3/25 · ROCE 9.4% · Operating margin 19% · 76% evidence Valuation 9.2/20 · P/E 14× · PEG n/a · 50% evidence Relative strength 17.7/20 · Lead over its industry 45.6% · Lead over NIFTY 500 79% · 1 year 61.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 28.5 + 14.3 + 9.2 + 17.7 = 69.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Bodal Chemicals Ltd](https://www.sectoralpha.in/stocks/bodal-chemicals-ltd) BODALCHEM · breaking out · Most evidence points up · 89% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 27.6% · Profit 100% · Operating margin change 0 points · 88% evidence Capital efficiency 10.1/25 · ROCE 5.6% · Operating margin 10% · 100% evidence Valuation 14.3/20 · P/E 30.2× · PEG 0.39 · 65% evidence Relative strength 20.0/20 · Lead over its industry 79.6% · Lead over NIFTY 500 114.4% · 1 year 168.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 24.5 + 10.1 + 14.3 + 20 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Atul Ltd](https://www.sectoralpha.in/stocks/atul-ltd) ATUL · quiet · Evidence leans up · 100% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/35 · Revenue 18.1% · Profit 40.5% · Operating margin change -4 points · 100% evidence Capital efficiency 19.3/25 · ROCE 14.9% · Operating margin 13% · 100% evidence Valuation 16.2/20 · P/E 19.2× · PEG 0.47 · 100% evidence Relative strength 0.0/20 · Lead over its industry -35.1% · Lead over NIFTY 500 -16.5% · 1 year -12.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.8 + 19.3 + 16.2 + 0 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Vidhi Specialty Food Ingredients Ltd](https://www.sectoralpha.in/stocks/vidhi-specialty-food-ingredients-ltd) VIDHIING · losing its lead · Evidence leans up · 85% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 34.4% · Profit 22.4% · Operating margin change -5 points · 100% evidence Capital efficiency 21.8/25 · ROCE 18.8% · Operating margin 19% · 100% evidence Valuation 5.3/20 · P/E 25.5× · PEG 2.77 · 100% evidence Relative strength 9.3/20 · Lead over its industry n/a · Lead over NIFTY 500 1.3% · 1 year -9% · 25% evidence · 10 of 12 weeks ahead Exact sum: 18.8 + 21.8 + 5.3 + 9.3 = 55.2 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 5. [Ultramarine & Pigments Ltd](https://www.sectoralpha.in/stocks/ultramarine-pigments-ltd) ULTRAMAR · quiet · Evidence leans up · 81% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 15.6% · Profit 16.5% · Operating margin change 2 points · 88% evidence Capital efficiency 15.6/25 · ROCE 10.8% · Operating margin 19% · 100% evidence Valuation 9.6/20 · P/E 11.4× · PEG 2.42 · 100% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.2% · 1 year -22.3% · 25% evidence · 7 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.6 + 7.9 = 53.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Kiri Industries Ltd](https://www.sectoralpha.in/stocks/kiri-industries-ltd) KIRIINDUS · breaking out · Evidence leans down · 71% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 25% · Profit 100% · Operating margin change 13 points · 83% evidence Capital efficiency 5.3/25 · ROCE 3.4% · Operating margin 5% · 76% evidence Valuation 11.5/20 · P/E 4.4× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry -4.7% · Lead over NIFTY 500 21.4% · 1 year 1% · 100% evidence · 11 of 12 weeks ahead Exact sum: 20.7 + 5.3 + 11.5 + 12.3 = 49.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Sudarshan Colorants India Ltd](https://www.sectoralpha.in/stocks/sudarshan-colorants-india-ltd) SUDARCOLOR · turning · Evidence leans down · 100% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Revenue 6.3% · Profit -9.8% · Operating margin change 3 points · 100% evidence Capital efficiency 11.9/25 · ROCE 11.4% · Operating margin 13% · 100% evidence Valuation 17.6/20 · P/E 14.5× · PEG 0.47 · 100% evidence Relative strength 6.7/20 · Lead over its industry -20.5% · Lead over NIFTY 500 2% · 1 year -28.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 11.2 + 11.9 + 17.6 + 6.7 = 47.4 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Sudarshan Chemical Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-chemical-industries-ltd) SUDARSCHEM · breaking out · Evidence leans down · 81% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue 90.2% · Profit 2.3% · Operating margin change 2 points · 88% evidence Capital efficiency 8.4/25 · ROCE 5.5% · Operating margin 10% · 100% evidence Valuation 6.4/20 · P/E 78.1× · PEG 1.29 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 5.5% · 1 year -13.7% · 25% evidence · 12 of 12 weeks ahead Exact sum: 18.6 + 8.4 + 6.4 + 11.1 = 44.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. Sadhana Nitro Chem Ltd this page SADHNANIQ · quiet · Most evidence points down · 71% evidence 32.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.1/35 · Revenue -24.3% · Profit -80% · Operating margin change 646.8 points · 74% evidence Capital efficiency 4.0/25 · ROCE -11.1% · Operating margin 17.9% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 6.3/20 · Lead over its industry -16.2% · Lead over NIFTY 500 5% · 1 year 13.1% · 100% evidence · 5 of 12 weeks ahead Exact sum: 12.1 + 4 + 10 + 6.3 = 32.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Indokem Ltd](https://www.sectoralpha.in/stocks/indokem-ltd) INDOKEM · breaking out · Most evidence points down · 64% evidence 29.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.8/35 · Revenue -4.5% · Profit -57.5% · Operating margin change 0.5 points · 88% evidence Capital efficiency 3.1/25 · ROCE 5.5% · Operating margin 4.8% · 100% evidence Valuation 8.5/20 · P/E 799× · PEG n/a · 15% evidence Relative strength 11.4/20 · Lead over its industry n/a · Lead over NIFTY 500 8.2% · 1 year -7.2% · 25% evidence · 5 of 5 weeks ahead Exact sum: 6.8 + 3.1 + 8.5 + 11.4 = 29.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Dyes & Pigments](https://www.sectoralpha.in/sectors/dyes-pigments), all 10 compared on one page. ## Which companies are close to Sadhana Nitro Chem in size? Sadhana Nitro Chem is the 10th largest of 10 Dyes & Pigments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Bodal Chemicals, Indokem, Bhageria Industries, Vidhi Specialty Food Ingredients, Ultramarine & Pigments and Sudarshan Colorants India. It is the smallest. ### Dyes & Pigments companies close in size

1. [Bodal Chemicals Ltd](https://www.sectoralpha.in/stocks/bodal-chemicals-ltd) ₹2,072 crore
2. [Indokem Ltd](https://www.sectoralpha.in/stocks/indokem-ltd) ₹1,790 crore
3. [Bhageria Industries Ltd](https://www.sectoralpha.in/stocks/bhageria-industries-ltd) ₹1,582 crore
4. [Vidhi Specialty Food Ingredients Ltd](https://www.sectoralpha.in/stocks/vidhi-specialty-food-ingredients-ltd) ₹1,538 crore
5. [Ultramarine & Pigments Ltd](https://www.sectoralpha.in/stocks/ultramarine-pigments-ltd) ₹1,027 crore
6. [Sudarshan Colorants India Ltd](https://www.sectoralpha.in/stocks/sudarshan-colorants-india-ltd) ₹857 crore
7. Sadhana Nitro Chem Ltd ₹682 crore

[All 10 Dyes & Pigments companies, largest first](https://www.sectoralpha.in/sectors/dyes-pigments#all-companies)

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3. Sadhana Nitro Chem Ltd ₹682 crore
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## What else do people ask about Sadhana Nitro Chem? ### What is Sadhana Nitro Chem's share price today? Sadhana Nitro Chem Ltd's share price is ₹2.26, +13.6% over the past year. The whole company is worth ₹685 Cr on the market. In the last 52 weeks it traded between ₹1 to ₹3; today it is 49% of the way up from the low, 15.7% below its 200-day average (as of 3 November 2026). ### What were Sadhana Nitro Chem's latest quarterly results? Sadhana Nitro Chem Ltd reported revenue of ₹42.8 Cr and net profit of ₹1.4 Cr for the Sep 2026 quarter. Earnings per share were ₹0.00. The operating margin was 17.9%, 646.8 percentage points higher than a year earlier (as of 3 November 2026). ### What is Sadhana Nitro Chem's market cap? Sadhana Nitro Chem Ltd's market capitalisation is ₹685 Cr at a share price of ₹2.26. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Sadhana Nitro Chem performing? Sadhana Nitro Chem Ltd's share price has been falling for 2 weeks. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Sadhana Nitro Chem's share price go up? This page does not forecast Sadhana Nitro Chem Ltd's share price. What it shows instead: the share price is ₹2.26, and it has been falling for 2 weeks. Its P/E of 117.5× is higher than 36% of its own last 8 years (as of 3 November 2026). ### Who owns Sadhana Nitro Chem? Promoters own 59.5% of Sadhana Nitro Chem Ltd, foreign institutions 0.0%, domestic institutions 0.0% and the public 40.4% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 5.6 percentage points over 8 quarters (as of 3 November 2026). ### Where is Sadhana Nitro Chem in its business cycle? Sadhana Nitro Chem Ltd's FY26 operating margin was −107.0%, against a 12-year range of −107.0% to 45.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 17.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Sadhana Nitro Chem story? The main question: profits are rising, but only 47% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Sadhana Nitro Chem a stock worth studying right now? What the numbers show: Sadhana Nitro Chem Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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