This Chemical stock which deals in the manufactures and sells a wide range of Organic and Inorganic Pigments, Effect Pigments soared 7 percent after the promoters sold the stake in the company at Rs. 950 per share.
Price Action
With a market capitalization of Rs. 7,212 Crores, the shares of Sudarshan Chemical Industries Limited were up by 7.2 percent in the day’s trade touching a day’s high of Rs. 1,058.10 per share. The stock reiterated from the day’s high and was trading at Rs. 1,045 per share which is up 5.94 percent higher from the previous closing price of Rs. 986.45 apiece.
What Happened
The company’s promoter sold their shares on 27th November 2024. The sellers were Subhadra Pradeep Rathi sold around 13,13,680 shares at Rs. 950.04 per share and Pradeep Ramwilas Rathi sold around 7,61,500 shares at Rs. 950 per share.
The buyers were Boon Investment and Trading Company Private Limited which bought around 6,91,725 shares at Rs. 950 per share, Blue Daimond Properties Private Limited bought around 6,39,121 shares at Rs. 950 per share and Jovial Investment and Trading Company Private Limited bought around 6,91,725 at Rs. 950 per share. All these transactions occurred on 27th November 2024 as per the BSE Bulk deal.
The Boon Investment and Trading Company holds around 16.11 percent and Jovial Investment and Trading Company holds around 16.12 percent both under the Promoter group of Supreme Industries Limited as of September 2024.
About the Company
Sudarshan Chemical Industries Limited was founded in 1951 and headquartered in Pune, India, is a prominent global manufacturer of pigments and dyes. They specialize in organic and inorganic pigments, pigment dispersions and effect pigments catering to industries such as plastics, coatings, printing, textiles, and cosmetics.
Their business model focuses on vertical integration and innovation, enabling efficient production processes and high-quality products. Sudarshan operates several manufacturing facilities across India and serves a diverse international market.
Products and Services
They specialize in manufacturing a wide range of organic and inorganic pigments, including effect pigments and pigment dispersions. Their products serve to various industries, such as cosmetics, printing, coatings, plastics and textiles.
Financials & Ratios
Its Revenue from operations grew by 15.61 percent year on year from Rs. 606.37 Crores in Q2FY24 to Rs. 701.06 Crores in Q2FY25, accompanied by profits of Rs. 17.86 Crores to Rs. 29.9 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 11.30 percent and a return on capital employed (ROCE) of 11.09 percent. It has reported a debt-to-equity ratio of 0.66.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a share of 30.55 percent in Sudarshan Chemical Industries, Foreign Institutional Investors (FII) holding around 8.34 percent, Domestic Individual Investors (DII) holding around 19.82 percent, and the public holding around 41.29 percent.
Written by Santhosh S
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