SUDARCOLOR
Sudarshan Colorants India financials
- Market cap
- ₹871 Cr
- Sector
- Chemicals
Quarterly results
Q1 FY27: revenue up 5.2%, net profit up 17.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 218 | 213 | 220 | 211 | 183 −16% | 176 −17% | 211 −4% | 222 +5% |
| EBITDA | 28 | 25 | 18 | 24 | 18 −36% | 11 −56% | 4 −78% | 26 +8% |
| Net profit | 18 | 17 | 11 | 17 | 16 −11% | -2 −112% | 13 +18% | 20 +18% |
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 −36.4% 1Y
1Y: ₹595.3 on 10 Sept 2025 → ₹378.4. High ₹597.1 (22 Sept 2025), low ₹272.25 (30 Mar 2026).
Financials, as filed
Revenue fell 0.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 7.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹790 Cr | ₹824 Cr | ₹781 Cr |
| Operating profit | ₹72 Cr | ₹82 Cr | ₹57 Cr |
| Operating margin | 9.1% | 10.0% | 7.3% |
| Interest | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Depreciation | ₹23 Cr | ₹21 Cr | ₹20 Cr |
| Net profit | ₹41 Cr | ₹51 Cr | ₹44 Cr |
| Net margin | 5.2% | 6.2% | 5.6% |
| Cash from operations | ₹95 Cr | ₹111 Cr | ₹34 Cr |
| Free cash flow | ₹78 Cr | ₹100 Cr | ₹6 Cr |
| ROCE | 12.0% | 15.0% | 11.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr |
| Reserves | ₹384 Cr | ₹391 Cr | ₹409 Cr | ₹449 Cr | ₹533 Cr | ₹547 Cr |
| Borrowings | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹27 Cr | ₹24 Cr | ₹23 Cr |
| Other liabilities | ₹241 Cr | ₹222 Cr | ₹229 Cr | ₹226 Cr | ₹167 Cr | ₹212 Cr |
| Total liabilities | ₹649 Cr | ₹636 Cr | ₹662 Cr | ₹726 Cr | ₹747 Cr | ₹805 Cr |
| Fixed assets | ₹150 Cr | ₹150 Cr | ₹146 Cr | ₹172 Cr | ₹155 Cr | ₹165 Cr |
| Capital work in progress | ₹9 Cr | ₹8 Cr | ₹8 Cr | ₹4 Cr | ₹11 Cr | ₹8 Cr |
| Investments | ₹10 Cr | ₹9 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Other assets | ₹481 Cr | ₹469 Cr | ₹505 Cr | ₹545 Cr | ₹577 Cr | ₹628 Cr |
| Total assets | ₹649 Cr | ₹636 Cr | ₹662 Cr | ₹726 Cr | ₹747 Cr | ₹805 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, promoters added +15.89 pp while DIIs trimmed −8.65 pp. The shareholder count shrank 8% to 36,767.
- Promoters
- 70.3%
- FIIs
- 0.2%
- DIIs
- 0.5%
- Public
- 29.1%
Since Jun 2025
- Promoters +15.89 pp
- DIIs −8.65 pp
- Public −5.57 pp
How it drifted, 12 quarters
Over this window promoters went from 54.4% to 70.3% — +15.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 54.4%, FIIs 0.3%, DIIs 0.5%, Public 44.9%.Dec '23: Promoters 54.4%, FIIs 0.3%, DIIs 1.3%, Public 44.0%.Mar '24: Promoters 54.4%, FIIs 0.3%, DIIs 1.9%, Public 43.4%.Jun '24: Promoters 54.4%, FIIs 0.4%, DIIs 3.2%, Public 42.0%.Sep '24: Promoters 54.4%, FIIs 0.4%, DIIs 3.7%, Public 41.5%.Dec '24: Promoters 54.4%, FIIs 0.4%, DIIs 8.5%, Public 36.7%.Mar '25: Promoters 54.4%, FIIs 1.1%, DIIs 10.6%, Public 33.9%.Jun '25: Promoters 54.4%, FIIs 1.8%, DIIs 9.2%, Public 34.7%.Sep '25: Promoters 54.4%, FIIs 1.3%, DIIs 10.1%, Public 34.3%.Dec '25: Promoters 70.3%, FIIs 0.2%, DIIs 0.5%, Public 29.0%.Mar '26: Promoters 70.3%, FIIs 0.2%, DIIs 0.5%, Public 29.0%.Jun '26: Promoters 70.3%, FIIs 0.2%, DIIs 0.5%, Public 29.1%.
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.
- Sudarshan Argentina SLO S.A.U. newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Sudarshan Colorants India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Colorants International AG | 36.56% | unchanged |
| Ebito Chemiebeteilgungen AG | 17.80% | unchanged |
| Sudarshan Europe B.V. | 15.89% | unchanged |
| Rajesh Balkrishna Rathi | 0.00% | unchanged |
| Balkrishna Rathi Finance Private Limited | 0.00% | unchanged |
| Rachna Rajesh Rathi | 0.00% | unchanged |
| Kusum Balkrishna Rathi | 0.00% | unchanged |
| Shri Balkrishna Rathi Family Trust (Trustees - Rajesh Balkrishna Rathi And Ajay Balkrishna Rathi) | 0.00% | unchanged |
| Rajesh Balkrishna Rathi (Huf) (Karta - Rajesh Balkrishna Rathi) | 0.00% | unchanged |
| Sow Rachna Rathi Family Trust (Trustees - Rajesh Balkrishna Rathi And Rachna Rajesh Rathi) | 0.00% | unchanged |
| Sudarshan MFG (Thailand) Ltd. | 0.00% | unchanged |
| Sudarshan USA SLO LLC | 0.00% | unchanged |
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.
What the price assumes
Growth trapTo justify its price of ₹378, this stock must grow earnings at 26% every year for 7 years. Our analysis caps realistic growth at ~-26%. At that growth it is worth ₹23 — downside of 94%.
- Growth the price implies
- 25.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -26.7% a year
- net profit, FY24–FY26 · EPS -26.5%
- The gap
- 0.5 pp
- -94% downside if it only repeats history
Learn to analyse Sudarshan Colorants India Limited
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