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Chemical stock which is the 3rd largest pigment producer globally with a domestic market share of ~35 percent jumped upto 8 percent in the day’s trade following the launch of its new product Globally. 

With a market capitalization of Rs. 5,178 Crores, the shares of Sudarshan Chemical Industries Limited were trading at Rs. 749.85, up 4.51 percent from its previous day’s close price of Rs.717.50. 

Sudarshan Chemical Industries Limited has launched a new product in the regular line of business named Sumica Gold 42631, in Effect Pigment for Coatings, Plastics, Textiles and many more category. The new product has been launched Globally including the Indian Subcontinent, Southeast Asia, the Middle East, and Latin America 

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In Addition, Sudarshan Chemical Industries Limited jumped up to 19 percent on Tuesday after its German Competitor Heubach GmbH, the second-largest global pigments player filed for bankruptcy. 

Sudarshan Chemicals Limited is a global color and pigment manufacturer engaged in the business of supplying pigments and solvent dyes for coatings, plastics, printing and digital printing, cosmetics, and special applications. 

Sudarshan Chemicals Limited is the 3rd largest pigment producer globally with a domestic market share of ~35 percent. It has a global presence with exports to over 85+ countries. The Company’s brands include Sudaperm, Sudafast, Sudajet, Sudatherm, Sudacolor, Sudasol, Sudanyl, Sumica, Sumicos, Prestige, and Sudacos. 

Its revenue from operations grew by 7.19 percent from Rs. 528 Crores in Q3FY23 to Rs. 566 Crores in Q3FY24, accompanied by profits of Rs. 1 Crore to Rs. 15 Crores. 

It has reported a return on equity (ROE) of 5.40 percent and a return on capital employed (ROCE) of 6.27 percent, it is making decent returns on its equity and capital employed. 

Written by: Bharath K.S 

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