SHARDACROP

Sharda Cropchem share price & financials

Price
₹900.8
Market cap
₹7.6k Cr
Sector
Chemicals
Calls analysed
5
Latest concall · Q1 FY27 · call held 30 Jul 2026

Sharda Cropchem Limited Q1 FY27

Revenue ₹1,074 cr +9%EBITDA ₹178 cr +25%EBITDA Margin 16.6% PAT ₹88 cr

What went well

  • Revenue increased by 9% year-on-year to ₹1,074 crores in Q1 FY27.
  • Gross margins expanded by 120 basis points, reaching 36.7% in Q1 FY27.
  • EBITDA grew a healthy 25% to ₹178 crores, with the EBITDA margin improving by 220 basis points to 16.6%.

What to watch

  • Europe, the largest market, experienced a temporary softening in performance due to distributors' cutback on stock and unusual heatwave conditions.
  • FOREX gains were significantly lower at ₹7.5 crores in Q1 FY27 compared to ₹73.1 crores in Q1 FY26.
Read the full call →

What Sharda Cropchem Limited does

Sharda Cropchem identifies generic agrochemical molecules going off-patent, prepares regulatory dossiers and secures product registrations in its own name, then markets and distributes the formulations and active ingredients through third-party distributors and its own sales force. It does not manufacture in-house; formulation and active-ingredient manufacturing is outsourced to third-party manufacturers and formulators (largely in China and India, with formulators also in Europe and the US), keeping the model asset-light. Beyond crop protection, it also sources and distributes non-agrochemical products such as rubber/conveyor belts, dyes and dye intermediates, and industrial chemicals, mainly from Chinese manufacturers.

Segments

  • Agrochemical
  • Non-Agrochemical
Countries with presence
80+
Third-party distributors
525+
Active product registrations
2,964
Registrations pending in pipeline
1,014
Global sales/resource deployment
500+
Regional markets covered
Europe, NAFTA, LATAM, RoW
Founded 1987Headquarters Vile Parle (West), Mumbai, Maharashtra, IndiaEmployees 197 (FY2024-25 (31 March 2025) Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 5 delivered 1 missed 8 open
  • FY27 Volume Growth revised down said Q3 FY26 Promised: 15% Q1 FY27: Guidance for FY27 volume growth has been revised down to 'Almost 5% to 10%' from the previous 15% guidance. Q1 actual volume growth was -1.6%.
  • FY26 Revenue Growth delivered said Q1 FY26 Promised: 15% Q4 FY26: Achieved. Full year FY26 revenue growth was 21.9%.
  • FY26 Consolidated Tax Rate went quiet said Q2 FY26 Promised: 18% to 20% Q4 FY26: The final FY26 tax rate was not explicitly mentioned in the Q4 call. A new guidance for FY27-28 was provided in the same range.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 9.0%, net profit down 38.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue777 929 1,829 985 929 +20%1,289 +39%2,065 +13%1,074 +9%
EBITDA90 115 303 215 133 +48%241 +110%487 +61%186 −13%
Net profit42 31 204 143 74 +76%145 +368%319 +56%88 −38%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −14.4% 1Y

₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 31 Oct 2025Q3 FY26 — 30 Jan 2026Q4 FY26 — 19 May 2026Q1 FY27 — 30 Jul 2026

1Y: ₹894.1 on 10 Sept 2025 → ₹765.55. High ₹1,256 (13 Feb 2026), low ₹760.9 (21 Aug 2026).

How the price took the results

close before → close after

Q1 FY27
−0.6%
30 Jul
Q4 FY26
+1.7%
19 May
Q3 FY26
+5.2%
30 Jan
Q2 FY26
−2.1%
31 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 9.2% a year over 3 years, FY23 to FY26. Operating margin widened to 20.4%.

Year endingFY23FY24FY25FY26
Revenue₹4.0k Cr₹3.2k Cr₹4.3k Cr₹5.3k Cr
Operating profit₹643 Cr₹286 Cr₹585 Cr₹1.1k Cr
Operating margin15.9%9.0%13.5%20.4%
Interest₹4 Cr₹7 Cr₹1 Cr₹1 Cr
Depreciation₹248 Cr₹267 Cr₹275 Cr₹324 Cr
Net profit₹342 Cr₹31 Cr₹304 Cr₹681 Cr
Net margin8.5%1.0%7.0%12.9%
Cash from operations₹328 Cr₹341 Cr₹604 Cr₹656 Cr
Free cash flow₹84 Cr₹69 Cr₹211 Cr₹158 Cr
ROCE21.0%4.0%16.0%30.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹90 Cr₹90 Cr₹90 Cr₹90 Cr₹90 Cr₹90 Cr
Reserves₹1.5k Cr₹1.8k Cr₹2.1k Cr₹2.1k Cr₹2.6k Cr₹3.0k Cr
Borrowings₹81 Cr₹47 Cr₹3 Cr₹18 Cr₹4 Cr₹0 Cr
Other liabilities₹1.2k Cr₹1.8k Cr₹2.1k Cr₹1.8k Cr₹2.2k Cr₹2.6k Cr
Total liabilities₹2.9k Cr₹3.7k Cr₹4.3k Cr₹4.0k Cr₹4.9k Cr₹5.8k Cr
Fixed assets₹544 Cr₹592 Cr₹668 Cr₹708 Cr₹1.1k Cr₹989 Cr
Capital work in progress₹131 Cr₹212 Cr₹204 Cr₹283 Cr₹0 Cr₹247 Cr
Investments₹83 Cr₹134 Cr₹32 Cr₹159 Cr₹555 Cr₹361 Cr
Other assets₹2.1k Cr₹2.8k Cr₹3.4k Cr₹2.9k Cr₹3.2k Cr₹4.2k Cr
Total assets₹2.9k Cr₹3.7k Cr₹4.3k Cr₹4.0k Cr₹4.9k Cr₹5.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +2.55 pp while FIIs trimmed −2.36 pp. The shareholder count grew 2% to 63,572.

Promoters
74.8%
FIIs
3.1%
DIIs
9.2%
Public
12.9%

Since Jun 2025

  • Public +2.55 pp
  • FIIs −2.36 pp
  • DIIs −0.20 pp

How it drifted, 12 quarters

Over this window DIIs fell from 12.3% to 9.2% — −3.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.8%, FIIs 2.0%, DIIs 12.3%, Public 10.9%.Dec '23: Promoters 74.8%, FIIs 2.1%, DIIs 12.4%, Public 10.7%.Mar '24: Promoters 74.8%, FIIs 2.1%, DIIs 12.4%, Public 10.6%.Jun '24: Promoters 74.8%, FIIs 2.0%, DIIs 12.9%, Public 10.3%.Sep '24: Promoters 74.8%, FIIs 2.5%, DIIs 12.8%, Public 9.9%.Dec '24: Promoters 74.8%, FIIs 3.8%, DIIs 10.1%, Public 11.3%.Mar '25: Promoters 74.8%, FIIs 4.7%, DIIs 10.3%, Public 10.2%.Jun '25: Promoters 74.8%, FIIs 5.5%, DIIs 9.4%, Public 10.3%.Sep '25: Promoters 74.8%, FIIs 5.3%, DIIs 9.3%, Public 10.7%.Dec '25: Promoters 74.8%, FIIs 4.2%, DIIs 9.9%, Public 11.0%.Mar '26: Promoters 74.8%, FIIs 4.6%, DIIs 9.7%, Public 10.9%.Jun '26: Promoters 74.8%, FIIs 3.1%, DIIs 9.2%, Public 12.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Sharda Cropchem Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ashish Ramprakash Bubna 16.83%unchanged
Manish Ramprakash Bubna 16.83%unchanged
Sharda Ramprakash Bubna 15.62%unchanged
Ramprakash Vilasrai Bubna 15.58%unchanged
HDFC Small Cap Fund Mutual fund7.10%+0.09 pp
Anisha Manish Bubna 4.99%unchanged
Seema Ashish Bubna 4.99%unchanged
DSP Small Cap Fund Mutual fund1.48%−0.17 pp
Dolly Khanna —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in SHARDACROP

Filings to Jul 2026

0 new, 1 added, 0 trimmed, 0 sold out — net +0.42 L shares (+0.7%).

Held by funds
₹529 Cr
2 schemes
Biggest holder
HDFC Small Cap Fund
₹447 Cr · 1.1% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹447 Cr+0.42 L
HDFC Hybrid Equity Fund HDFC Mutual Fund₹82 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

1 added, 0 trimmed — net +42,291 shares (+0.7%)

Funds are sitting on
+71%
vs est. average cost
Held by funds
₹529 Cr
2 schemes · ≈ 7.7% of the company
Biggest holder
HDFC Small Cap Fund
₹447 Cr · 1.1% of that fund

Shares held by these funds −21%

Aug '23 64.49 L shares Jul '26

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Sharda Cropchem Limited

Guides on how to read this kind of business and the numbers that matter.