# Sudarshan Chemical Industries share price today (Sudarshan Chemical Industries Ltd, NSE: SUDARSCHEM)

> Sudarshan Chemical Industries share price today: ₹1,076.70 at the NSE close on 3 November 2026, down 6.4% in a year. Sudarshan Chemical Industries (NSE: SUDARSCHEM) is worth ₹8,573 crore, trades at a P/E of 84.4 and has closed between ₹762.95 and ₹1,260.85 over the past 52 weeks. > Sudarshan Chemical Industries Ltd's share price has risen faster than its earnings: −6.4% in a year, against −60.1% for earnings per share. SUDARSCHEM · Dyes & Pigments · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/sudarshan-chemical-industries-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹1,076.70 (−6.4% in a year)
- P/E: 84.4× (higher than 95% of the last 11 years)
- Revenue (Jun 2026): ₹2,642 Cr (+5.4% on a year ago)
- Profit (Jun 2026): ₹103 Cr (+87.3% on a year ago)
- Operating margin: 10.0% (+2.0 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 1.8%, against a 12.0% cost of capital: −10.2 points

The main question: the share price moved −6.4% in a year while yearly earnings per share moved −60.1%. The difference came from the market paying a higher multiple. ## What is the Sudarshan Chemical Industries share price today? Sudarshan Chemical Industries Ltd's share price was ₹1,076.70 at the close on 3 November 2026. It has been rising for 12 weeks. That is 1.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹763 and ₹1,261, and at that close it sat 63% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row. Over the last 11 years the share price moved +1,120% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. 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 Sudarshan Chemical Industries this quarter? 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹2,642 crore, +5.4% on a year earlier. Why: Revenue rose because legacy Sudarshan sold more, even as US and European coatings and plastics customers bought less. Next results: check whether legacy volume growth stays near 12-13%. From the earnings call on 14 Aug 2026. 2. Indian funds and insurers (DIIs) raised their stake for 5 quarters in a row From 23.5% to 27.9% of the company by the September 2026 quarter. ## What are Sudarshan Chemical Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Sudarshan Chemical Industries reported revenue of ₹2,642 crore, up 5.4% from ₹2,507 crore a year earlier, and a profit of ₹103 crore, up 87.3% from ₹55.0 crore. ### Sudarshan Chemical Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,642 crore | ₹2,507 crore | +5.4% |
| Profit | ₹103 crore | ₹55.0 crore | +87.3% |
| Earnings per share | ₹12.22 | ₹6.01 | +103.3% |
| Operating margin | 10.0% | 8.0% | +2.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Sudarshan Chemical Industries' management discussed these results on a call held on 14 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Sudarshan Chemical Industries share price history? Sudarshan Chemical Industries closed at ₹1,076.70 on 3 November 2026, down 6.4% from ₹1,149.80 a year earlier (31 October 2025) and up 77.8% over five years. Its highest weekly close since March 2016 was ₹1,495.60 on 29 August 2025. ### Sudarshan Chemical Industries share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,020.15 | +5.5% |
| 1 month ago · 1 Oct 2026 | ₹1,244.10 | −13.5% |
| 6 months ago · 30 Apr 2026 | ₹914.35 | +17.8% |
| 1 year ago · 31 Oct 2025 | ₹1,149.80 | −6.4% |
| 3 years ago · 3 Nov 2023 | ₹487.95 | +120.7% |
| 5 years ago · 4 Nov 2021 | ₹605.70 | +77.8% |
| 10 years ago · 4 Nov 2016 | ₹380.40 | +183.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹88.25 | +1,120.1% |
| Highest weekly close since March 2016 · 29 Aug 2025 | ₹1,495.60 | −28.0% |
| Lowest weekly close since March 2016 · 23 Mar 2016 | ₹86.35 | +1,146.9% |
| 52-week high (weekly close) · 18 Sep 2026 | ₹1,260.85 | −14.6% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹762.95 | +41.1% |

Weekly closing prices. 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. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Sudarshan Chemical Industries? 3 Nov 2026: Sudarshan Chemical Industries closed at ₹1,076.70, up 5.5% on the week and down 13.5% on the month. 14 Aug 2026: Sudarshan Chemical Industries held its results call for April to June 2026. Management guided: Legacy Sudarshan volume growth approximately 12-13%. ### Earlier

- 11 Aug 2026: ex-date for a dividend of ₹5 a share. - Results for April to June 2026: Revenue up 5.4% and profit up 87.3% on a year earlier. ## What dividend does Sudarshan Chemical Industries pay? Sudarshan Chemical Industries paid ₹5 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.46% at the ₹1,076.70 close on 3 November 2026. The last was a dividend of ₹5 a share, ex-date 11 August 2026. ### Sudarshan Chemical Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 11 Aug 2026 | ₹5 | Dividend | same day |
| 22 Sep 2025 | ₹4.50 | Dividend | same day |
| 26 Jul 2024 | ₹1 | Dividend | same day |
| 19 Mar 2024 | ₹3.60 | Interim | same day |
| 4 Aug 2023 | ₹1.50 | Dividend | same day |
| 1 Aug 2022 | ₹5 | Dividend | 2 Aug 2022 |
| 29 Jul 2021 | ₹6 | Dividend | 30 Jul 2021 |

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

Yes. Sudarshan Chemical Industries Ltd paid out 176% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Sudarshan Chemical Industries management say on the latest results call? On the call for April to June 2026, held on 14 August 2026, Sudarshan Chemical Industries' management guided: Legacy Sudarshan volume growth approximately 12-13%. > “From a volume perspective, we do not need any new capex.”
> Rajesh Rathi, on the call for April to June 2026

### What management guided

- Acquired-group sales 700 million and operating profit 35 million reaffirmed alongside the earlier consolidated framework; no revision currently, revisit after Q2. - Acquired-group margin ambition is high-single-digit to low-double-digit; value capture continues, with the major portion in FY27-FY28 and some FY28 benefits flowing into FY29. - RIECO normalization from the current quarter and positive operating profit by year-end. - Gross margin to remain 50% plus. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/881/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 14 August 2026.)

## What to watch in Sudarshan Chemical Industries' next results? When Sudarshan Chemical Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Acquired-group delivery against the unchanged framework - check for any revision or evidence of continued recovery after Q2. - What to check (from the call)
- Acquired-group delivery against the unchanged framework - check for any revision or evidence of continued recovery after Q2. - RIECO execution recovery - check whether site-readiness and subcontractor labor constraints ease and operating profit turns positive by year-end. - Project Integra implementation - check for go-live during the financial year and operating disruption. - Working-capital release and debt repayment - check whether balance-sheet improvement continues while inventory stays appropriately placed. ## Which stock lists is Sudarshan Chemical Industries on? Sudarshan Chemical Industries is not on any of our India lists this week. ## Is Sudarshan Chemical Industries profitable? Sudarshan Chemical Industries Ltd earned ₹103 Cr of net profit in the Jun 2026 quarter, +87.3% on the same quarter a year earlier. Full-year FY26 profit was ₹41.0 Cr. Over 10 years profit has grown −5.2% a year on average. That is 3.9% of the quarter's revenue. The same quarter a year earlier earned ₹55.0 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹41.0 Cr (−31.7% on the year before). Why profit moved: revenue changed +5.4% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −3,883.1% and revenue +142.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Sudarshan Chemical Industries make, and is it growing? Sudarshan Chemical Industries Ltd reported ₹2,642 Cr of revenue in the Jun 2026 quarter, +5.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 21.5% a year on average. The last full year, FY26, came in at ₹9,787 Cr. The last four reported quarters add to ₹9,922 Cr. FY26 revenue was ₹9,787 Cr, +192.5% on the year before. Recent pace: the last four quarters grew +142.8% on average, against 21.5% 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 +90.1%, against +96.7% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +2.3%, against −14.4% a year (accelerating). ## How much of every ₹100 of sales does Sudarshan Chemical Industries keep? Sudarshan Chemical Industries Ltd's operating margin was 10.0% in the Jun 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 6.0% and 16.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +2.1 percentage points on the year while gross margin changed +2.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Sudarshan Chemical Industries' profit turning into cash? Over the last 3 years, 133% of Sudarshan Chemical Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹344 Cr of operating cash against ₹41.0 Cr of profit. After ₹583 Cr of spending on assets, free cash was −₹239 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 133% of profit came in as cash: the cash cycle got 44 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 4.0× depreciation over three years. The next section checks what that spending is building. ## Where does Sudarshan Chemical Industries' cash go? Sudarshan Chemical Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 129 days in FY26, up from 85 days in FY21. It spent ₹2,615 Cr on assets over the last 3 years. Customers take 63 days to pay, and stock sits for 179 days on average. At FY26 sales of ₹9,787 Cr, each day of that cycle ties up about ₹26.8 Cr, so roughly ₹3,459 Cr is tied up in the business at any time. FY26: customers took 63 days to pay and stock sat for 179 days, about 5.9 months of sales sitting as stock, for a full cycle of 129 days, longer than FY21's 85. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 179 days. Customers pay about 63 days after that. Suppliers are paid at 113 days. Together that makes the 129-day cycle. Spending on assets: ₹2,615 Cr over the last 3 years, against ₹654 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 ₹144 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 Sudarshan Chemical Industries' P/E ratio, and how does it compare with its own history? Sudarshan Chemical Industries Ltd's P/E is 84.4×, near the high end of its own history: higher than 95% of past readings. Its usual P/E (the middle reading) is 31.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹9.05. Why the multiple is where it is: over the past year earnings per share moved −60.1% while the price moved −6.4%. 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 +12.2% a year; about −9.0% a year came from earnings growth and about +21.2 percentage points from the multiple (the market paying more); over 10 years the price moved +11.0% a year; about +2.4% a year came from earnings growth and about +8.6 percentage points from the multiple (the market paying more). 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 high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Sudarshan Chemical Industries business getting better or worse? Sudarshan Chemical Industries Ltd's business is turning around. Profit growth has swung from −64.6% at its low to +2.3%, improving for 2 quarters in a row, with ROCE steady at 5.8%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Sudarshan Chemical Industries earn on its capital? Sudarshan Chemical Industries Ltd earned a ROCE of 5% in FY26. Its return on capital used (ROIC) is 10.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 0.4% net margin and 1.02× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 0.4% net margin × 1.02× asset turnover × 2.77× leverage (assets divided by equity) ≈ 1.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 1.8% − 12.0% = −10.2 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 1.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 0.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Sudarshan Chemical Industries have too much debt? Sudarshan Chemical Industries Ltd has total debt of ₹2,473 Cr against shareholder equity of ₹3,854 Cr as of Jun 2026, so its debt is 0.64× its equity. Year by year, that ratio went from 0.99 in FY22 to 0.64 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Sudarshan Chemical Industries shareholding pattern? Promoters cut their stake in Sudarshan Chemical Industries Ltd by 21.2 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 9.3% of the company. Domestic institutions moved +8.1 points over the same period, to 27.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −21.2 points over 8 quarters, to 9.3%; Domestic institutions: +8.1 points over 8 quarters, to 27.9%; Foreign institutions: +0.5 points over 8 quarters, to 8.8%. Promoters own under 20%, so this is a widely owned company where institutions, not a family, have the most say. Why the owners changed: promoters drove it (−21.2 points), with the other side taken by domestic institutions (+8.1 points). They reduced their stake. ## How far is Sudarshan Chemical Industries from balance-sheet trouble? For Sudarshan Chemical Industries 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 Sudarshan Chemical Industries rank in its industry? 44.5 out of 100, rank 8 of 10 in Dyes & Pigments, with 81% of the evidence available. Sudarshan Chemical Industries Ltd scores 44.5 out of 100 against the 10 companies it is compared with in Dyes & Pigments, ranking 8. 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: 18.6 + 8.4 + 6.4 + 11.1 = 44.5. 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 Sudarshan Chemical Industries compared with? Sudarshan Chemical Industries ranks 8 of 10 Dyes & Pigments companies on the 4-Factor Sector Score, with 44.5 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 this page 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](https://www.sectoralpha.in/stocks/sadhana-nitro-chem-ltd) 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 Sudarshan Chemical Industries in size? Sudarshan Chemical Industries is the 2nd largest of 10 Dyes & Pigments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Atul. Just below it: Kiri Industries, Bodal Chemicals, Indokem, Bhageria Industries and Vidhi Specialty Food Ingredients. ### Dyes & Pigments companies close in size

1. [Atul Ltd](https://www.sectoralpha.in/stocks/atul-ltd) ₹14,805 crore
2. Sudarshan Chemical Industries Ltd ₹7,930 crore
3. [Kiri Industries Ltd](https://www.sectoralpha.in/stocks/kiri-industries-ltd) ₹3,513 crore
4. [Bodal Chemicals Ltd](https://www.sectoralpha.in/stocks/bodal-chemicals-ltd) ₹2,072 crore
5. [Indokem Ltd](https://www.sectoralpha.in/stocks/indokem-ltd) ₹1,790 crore
6. [Bhageria Industries Ltd](https://www.sectoralpha.in/stocks/bhageria-industries-ltd) ₹1,582 crore
7. [Vidhi Specialty Food Ingredients Ltd](https://www.sectoralpha.in/stocks/vidhi-specialty-food-ingredients-ltd) ₹1,538 crore

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

### Companies close in size in other industries

1. [The Bombay Burmah Trading Corporation Ltd](https://www.sectoralpha.in/stocks/the-bombay-burmah-trading-corporation-ltd) ₹8,004 crore · FMCG - Foods
2. [AXISCADES Technologies Ltd](https://www.sectoralpha.in/stocks/axiscades-technologies-ltd) ₹7,979 crore · Aerospace & Defence - Equipments
3. Sudarshan Chemical Industries Ltd ₹7,930 crore
4. [Sanofi Consumer Healthcare India Ltd](https://www.sectoralpha.in/stocks/sanofi-consumer-healthcare-india-ltd) ₹7,928 crore · Pharma - MNC bulk Drugs
5. [Aarti Pharmalabs Ltd](https://www.sectoralpha.in/stocks/aarti-pharmalabs-ltd) ₹7,914 crore · Pharma - API

## What else do people ask about Sudarshan Chemical Industries? ### What is Sudarshan Chemical Industries's share price today? Sudarshan Chemical Industries Ltd's share price is ₹1,076.70, −6.4% over the past year. The whole company is worth ₹8,573 Cr on the market. In the last 52 weeks it traded between ₹763 to ₹1,261; today it is 63% of the way up from the low, 1.5% above its 200-day average (as of 3 November 2026). ### What were Sudarshan Chemical Industries's latest quarterly results? Sudarshan Chemical Industries Ltd reported revenue of ₹2,642 Cr and net profit of ₹103 Cr for the Jun 2026 quarter. Revenue rose 5.4% and profit rose 87.3% compared with a year earlier. Earnings per share were ₹12.22. The operating margin was 10.0%, 2.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Sudarshan Chemical Industries's market cap? Sudarshan Chemical Industries Ltd's market capitalisation is ₹8,573 Cr at a share price of ₹1,076.70. 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 Sudarshan Chemical Industries performing? Sudarshan Chemical Industries Ltd's share price has been rising for 12 weeks. In its latest quarter, revenue rose 5.4% and profit rose 87.3% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 17 weeks running (as of 3 November 2026). ### Will Sudarshan Chemical Industries's share price go up? This page does not forecast Sudarshan Chemical Industries Ltd's share price. What it shows instead: the share price is ₹1,076.70, and it has been rising for 12 weeks. Its P/E of 84.4× is higher than 95% of its own last 11 years (as of 3 November 2026). ### Who owns Sudarshan Chemical Industries? Promoters own 9.3% of Sudarshan Chemical Industries Ltd, foreign institutions 8.8%, domestic institutions 27.9% and the public 54.0% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 21.2 percentage points over 8 quarters (as of 3 November 2026). ### Does Sudarshan Chemical Industries have too much debt? Sudarshan Chemical Industries Ltd has a moderate amount of debt: its debt is 0.72× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹2,473 Cr against equity of ₹3,450 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Sudarshan Chemical Industries in its business cycle? Sudarshan Chemical Industries Ltd's FY26 operating margin was 6.0%, against a 13-year range of 6.0% to 16.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 10.0%. 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 Sudarshan Chemical Industries story? The main question: the share price moved −6.4% in a year while yearly earnings per share moved −60.1%. The difference came from the market paying a higher multiple. 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 Sudarshan Chemical Industries a stock worth studying right now? What the numbers show: Sudarshan Chemical Industries Ltd's share price has risen faster than its earnings: −6.4% in a year, against −60.1% for earnings per share. The main open question: whether earnings grow into a price that has already moved. 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). ### Is there a Sudarshan Chemical Industries share price forecast for 2026? What management itself guided: Legacy Sudarshan volume growth approximately 12-13%. This is research, not advice. We’re not SEBI-registered.