Pune-based pigment maker, now a top-2 global player after its 2025 Heubach/Clariant pigments merger.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 14 | 14 | 14 | 14 | 14 | 16 | 16 | 16 |
| Reserves | 730 | 819 | 814 | 1.1k | 1.2k | 3.4k | 3.5k | 3.4k |
| Borrowings | 618 | 823 | 829 | 467 | 559 | 2.4k | 2.5k | 2.5k |
| Other Liabilities | 638 | 705 | 725 | 730 | 841 | 3.9k | 3.7k | 3.8k |
| Total Liabilities | 2.0k | 2.4k | 2.4k | 2.3k | 2.6k | 9.7k | 9.8k | 9.7k |
| AssetsFixed Assets | 615 | 832 | 1.1k | 1.1k | 1.1k | 3.0k | 3.1k | 3.0k |
| CWIP | 278 | 285 | 44 | 15 | 32 | 140 | 159 | 120 |
| Investments | 1 | 2 | 2 | 2 | 144 | 548 | 539 | 566 |
| Other Assets | 1.1k | 1.2k | 1.2k | 1.2k | 1.4k | 6.0k | 6.0k | 6.0k |
| Total Assets | 2.0k | 2.4k | 2.4k | 2.3k | 2.6k | 9.7k | 9.8k | 9.7k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 71 | 263 | 165 | 178 | 287 | 193 | 37 | 344 |
| Cash from Investing | -27 | -220 | -266 | -307 | -189 | 279 | -1.6k | 165 |
| Cash from Financing | -48 | -39 | 108 | 138 | -103 | -446 | 2.6k | -680 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -31 | 9 | -103 | -131 | 96 | 460 | -56 | 76 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
SUDARSCHEM · CYCLICAL_UNMODELABLE
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