SUNSHIEL
Sunshield Chemicals financials
- Market cap
- ₹1.1k Cr
- Sector
- Chemicals
Quarterly results
Q1 FY27: revenue up 11.4%, net profit up 85.7% 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 | 93 | 85 | 110 | 114 | 122 +31% | 95 +12% | 110 +0% | 127 +11% |
| EBITDA | 8 | 7 | 12 | 13 | 14 +75% | 9 +29% | 16 +33% | 20 +54% |
| Net profit | 3 | 2 | 6 | 7 | 7 +133% | 5 +150% | 11 +83% | 13 +86% |
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 +12.8% 1Y
1Y: ₹1,064.05 on 10 Sept 2025 → ₹1,200.2. High ₹1,268.6 (7 Sept 2026), low ₹729.1 (30 Mar 2026).
Financials, as filed
Revenue grew 24.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 11.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹284 Cr | ₹366 Cr | ₹441 Cr |
| Operating profit | ₹41 Cr | ₹35 Cr | ₹52 Cr |
| Operating margin | 14.4% | 9.6% | 11.8% |
| Interest | ₹8 Cr | ₹8 Cr | ₹5 Cr |
| Depreciation | ₹8 Cr | ₹11 Cr | ₹12 Cr |
| Net profit | ₹19 Cr | ₹15 Cr | ₹30 Cr |
| Net margin | 6.7% | 4.1% | 6.8% |
| Cash from operations | ₹42 Cr | ₹48 Cr | ₹10 Cr |
| Free cash flow | ₹1 Cr | ₹-2 Cr | ₹-11 Cr |
| ROCE | 22.0% | 15.0% | 20.0% |
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 | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹9 Cr |
| Reserves | ₹19 Cr | ₹46 Cr | ₹59 Cr | ₹75 Cr | ₹100 Cr | ₹243 Cr |
| Borrowings | ₹88 Cr | ₹79 Cr | ₹77 Cr | ₹85 Cr | ₹88 Cr | ₹0 Cr |
| Other liabilities | ₹24 Cr | ₹41 Cr | ₹34 Cr | ₹61 Cr | ₹84 Cr | ₹53 Cr |
| Total liabilities | ₹138 Cr | ₹173 Cr | ₹177 Cr | ₹229 Cr | ₹279 Cr | ₹305 Cr |
| Fixed assets | ₹66 Cr | ₹71 Cr | ₹79 Cr | ₹75 Cr | ₹128 Cr | ₹157 Cr |
| Capital work in progress | ₹1 Cr | ₹7 Cr | ₹1 Cr | ₹45 Cr | ₹37 Cr | ₹6 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹71 Cr | ₹95 Cr | ₹97 Cr | ₹109 Cr | ₹115 Cr | ₹142 Cr |
| Total assets | ₹138 Cr | ₹173 Cr | ₹177 Cr | ₹229 Cr | ₹279 Cr | ₹305 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 trimmed −4.74 pp while FIIs added +2.65 pp. The shareholder count grew 12% to 5,318.
- Promoters
- 66.5%
- FIIs
- 9.1%
- DIIs
- 0.0%
- Public
- 24.3%
Since Jun 2025
- Public −4.74 pp
- FIIs +2.65 pp
- Promoters +2.09 pp
How it drifted, 12 quarters
Over this window the public fell from 32.6% to 24.3% — −8.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 62.4%, FIIs 5.0%, DIIs 0.0%, Public 32.6%.Dec '23: Promoters 62.4%, FIIs 5.0%, DIIs 0.0%, Public 32.6%.Mar '24: Promoters 62.4%, FIIs 5.0%, DIIs 0.0%, Public 32.6%.Jun '24: Promoters 62.4%, FIIs 5.0%, DIIs 0.0%, Public 32.6%.Sep '24: Promoters 62.4%, FIIs 5.4%, DIIs 0.0%, Public 32.2%.Dec '24: Promoters 62.4%, FIIs 6.7%, DIIs 0.0%, Public 30.9%.Mar '25: Promoters 64.5%, FIIs 6.4%, DIIs 0.0%, Public 29.1%.Jun '25: Promoters 64.5%, FIIs 6.5%, DIIs 0.0%, Public 29.1%.Sep '25: Promoters 64.5%, FIIs 8.0%, DIIs 0.0%, Public 27.5%.Dec '25: Promoters 66.0%, FIIs 8.5%, DIIs 0.0%, Public 25.5%.Mar '26: Promoters 66.5%, FIIs 8.5%, DIIs 0.0%, Public 25.0%.Jun '26: Promoters 66.5%, FIIs 9.1%, DIIs 0.0%, Public 24.3%.
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.
- Habrok India Master Lp FPI fund +0.44 pp 4.25% held
- Cassini Partners, L.P. Managed By Habrok Capital Management Llp FPI fund +0.19 pp 3.81% 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 Sunshield Chemicals Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Indus Petrochem Limited | 62.36% | unchanged |
| Habrok India Master Lp FPI fund | 4.25% | +0.44 pp |
| Cassini Partners, L.P. Managed By Habrok Capital Management Llp FPI fund | 3.81% | +0.19 pp |
| Coppersmith Energies And Project Pvt Ltd | 3.16% | unchanged |
| Lincoln P Coelho | 1.25% | unchanged |
| Dipak Kanayalal Shah | 1.02% | unchanged |
| Swarna Omprakash Malhotra | 0.99% | unchanged |
| Jeet Sudhir Malhotra | 0.02% | unchanged |
| Sudhir Omprakash Malhotra | 0.01% | 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
AttractiveTo justify its price of ₹1200, this stock must grow earnings at 20% every year for 7 years. Our analysis caps realistic growth at ~25%. At that growth it is worth ₹1551 — upside of 29%.
- Growth the price implies
- 20.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 25.7% a year
- net profit, FY24–FY26 · EPS 25.4%
- The gap
- -0.1 pp
- 29% downside if it only repeats history
Learn to analyse Sunshield Chemicals Ltd.
Guides on how to read this kind of business and the numbers that matter.