Sudarshan Chemical Industries Ltd, a major player in the global pigment production industry, has been on quite a journey. Over the years, it’s grown steadily and now holds a notable position as the world’s third-largest pigment producer. From about 30% in FY11 to roughly 35% in FY22, the company’s domestic market share has been on the rise, showcasing its resilience.
Currently, the stock is trading at ₹509, with a market capitalization of ₹3,522 crore. These numbers tell a story of ambition and potential. But, with a stock P/E of 58.4 and other financial indicators like ROCE at 6.27% and ROE at 5.40%, investors are left wondering: Can Sudarshan Chemical Industries make it to a target share price of ₹1,000 by 2030?
This question holds great importance for investors and enthusiasts alike. In this article, we aim to take a closer look, not just at the numbers, but at the people, strategies, and innovations driving Sudarshan Chemical Industries. Join us on this journey to explore the human side of this remarkable company and assess the feasibility of achieving the ambitious ₹1,000 share price target in the years to come.
ABOUT SUDARSHAN CHEMICAL INDUSTRIES
Sudarshan Chemical Industries stands as a global frontrunner in delivering top-tier pigments, presenting a wide array of offerings encompassing organic, inorganic, and transformative pigments, alongside high-performance colorants, iridescent pigments, and specialized chemicals. Their product lineup caters to a diverse range of sectors, including coatings, plastics, printing, unique applications, and the cosmetics industry. Sudarshan’s unwavering dedication to sustainable progress is unmistakable through its efforts towards a more ecologically conscious future. With a rich legacy spanning over seven decades in the realm of colors and chemicals, Sudarshan has firmly established itself as a prominent figure in the sector, persistently pursuing excellence and social accountability.
Sudarshan Chemical Industries Q1 FY2024 Results: Summary and Key Points
- Sudarshan Chemical Industries Ltd reported a total income of ₹612.247 crores for Q1 FY2024, reflecting a decrease of 11.62% compared to the previous quarter (Q4 FY2023).
- The company posted a significant increase in net profit, with ₹266.963 crores in Q1 FY2024 compared to ₹32.57 crores in Q4 FY2023, marking a substantial uptick of 719.66%.
- Earnings per share (EPS) for Q1 FY2024 stood at ₹38.5, a significant rise from ₹4.7 in the previous quarter, indicating an increase of 719.15%.
- In a year-over-year (YoY) comparison, Sudarshan Chemical Industries Ltd’s total income for Q1 FY2024 increased by 10.32% compared to Q1 FY2023.
- The company reported a substantial YoY growth in net profit, with ₹266.963 crores in Q1 FY2024, compared to ₹7.077 crores in Q1 FY2023, representing an impressive YoY increase of 3,672.26%. Additionally, the EPS for Q1 FY2024 was ₹38.5, significantly higher than the ₹1 reported in Q1 FY2023, showing a YoY increase of 3,750.00%.
SUDARSHAN CHEMICAL INDUSTRIES IN RECENT NEWS
- Sudarshan Chemical’s shares reached a 52-week high following an impressive surge in profitability during Q1. The company’s consolidated net profit for the quarter skyrocketed, marking a remarkable increase of 3,672.3% year-on-year, reaching Rs 266.9 crore.
HOW TO BUY SUDARSHAN CHEMICAL INDUSTRIES SHARES IN INDIA?
You can buy shares of Sudarshan Chemical Industries through various stockbrokers and trading platforms in India. Here are some popular options:
- Zerodha
- Upstox
- ICICI Direct
- HDFC Securities
- Sharekhan
- Kotak Securities
- AxisDirect
- 5Paisa
- Angel Broking
- Motilal Oswal
SUDARSHAN CHEMICAL INDUSTRIES SHARE PRICE TARGET 2023 TO 2025
Let’s examine the statistics regarding the projected share price target for the period between 2023 and 2025, after conducting a thorough review of the company.
| When | Maximum Price | Minimum Price |
| September 2023 | ₹534.45 | ₹485.86 |
| October 2023 | ₹518.88 | ₹471.71 |
| November 2023 | ₹529.26 | ₹481.15 |
| December 2023 | ₹545.14 | ₹495.58 |
In September 2023, Sudarshan Chemical Industries’ share price is on an encouraging trajectory, starting the month at ₹485.86 and steadily climbing to ₹534.45 by the end of the year. This upward trend paints an optimistic picture for the company’s shares in 2023, with investors eagerly anticipating the possibility of continued growth in the coming months.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹556.26 | ₹483.71 |
| February 2024 | ₹567.62 | ₹493.58 |
| March 2024 | ₹573.35 | ₹498.57 |
| April 2024 | ₹556.65 | ₹484.04 |
| May 2024 | ₹545.74 | ₹474.55 |
| June 2024 | ₹583.94 | ₹507.77 |
| July 2024 | ₹601.46 | ₹523.00 |
| August 2024 | ₹613.48 | ₹533.46 |
| September 2024 | ₹625.75 | ₹544.13 |
| October 2024 | ₹635.93 | ₹552.98 |
| November 2024 | ₹661.37 | ₹575.10 |
| December 2024 | ₹674.59 | ₹586.60 |
Looking ahead to December 2024, Sudarshan Chemical Industries appears to be on an upward trajectory, with its share price gradually rising throughout the year. With a minimum price of ₹586.60 and a maximum price of ₹674.59 recorded in December, it’s evident that the company is gaining momentum and investor confidence. This steady climb throughout 2024 suggests an optimistic outlook for Sudarshan Chemical Industries, as it aims to maintain its growth momentum into the coming year.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹688.09 | ₹529.30 |
| February 2025 | ₹724.30 | ₹557.15 |
| March 2025 | ₹738.79 | ₹568.30 |
| April 2025 | ₹731.47 | ₹562.67 |
| May 2025 | ₹717.13 | ₹551.64 |
| June 2025 | ₹735.06 | ₹565.43 |
| July 2025 | ₹746.25 | ₹574.04 |
| August 2025 | ₹773.32 | ₹594.86 |
| September 2025 | ₹788.78 | ₹606.76 |
| October 2025 | ₹804.56 | ₹618.89 |
| November 2025 | ₹781.13 | ₹600.87 |
| December 2025 | ₹796.75 | ₹612.88 |
As we peer into December 2025, Sudarshan Chemical Industries continues to display a consistent upward trajectory in its share price. The minimum price for the month rests at ₹612.88, while the maximum price reaches ₹796.75, signifying a year marked by steady growth and investor confidence. With a trend that has been building throughout the year, it’s apparent that Sudarshan Chemical Industries is poised for a promising 2025, with aspirations to maintain this upward momentum in the months ahead.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹916.26 | ₹641.38 |
| 2027 | ₹778.82 | ₹545.17 |
| 2028 | ₹1,012.47 | ₹678.35 |
| 2029 | ₹1,316.21 | ₹921.35 |
| 2030 | ₹1,382.02 | ₹967.41 |
Looking ahead to the years from 2026 to 2030, Sudarshan Chemical Industries appears to be on a consistent upward trajectory in terms of its share price. Starting in 2026 with a minimum of ₹641.38 and a maximum of ₹916.26, this trend continues into subsequent years, suggesting the company’s sustained growth. As we move further into the future, with projections reaching as high as ₹1,382.02 by 2030, Sudarshan Chemical Industries is poised for a promising period, potentially attracting both long-term investors and those seeking substantial returns.
SUDARSHAN CHEMICAL INDUSTRIES FINANCIAL CONDITION (LAST 5 YEARS)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
| Sales (TTM) | 1,593 | 1,708 | 1,864 | 2,201 | 2,302 |
| Operating Profit | 207 | 248 | 290 | 278 | 213 |
| OPM % | 13% | 15% | 16% | 13% | 9% |
| Other Income | 81 | 22 | 7 | 5 | 323 |
| Interest | 19 | 16 | 20 | 23 | 44 |
| Depreciation | 66 | 74 | 87 | 89 | 114 |
| Profit before tax | 180 | 190 | 141 | 130 | 60 |
| Tax % | 20% | 26% | 24% | 24% | 25% |
| Net Profit | 135 | 145 | 141 | 130 | 45 |
| EPS (in Rs) | 19.52 | 20.88 | 20.38 | 18.77 | 6.47 |
| Dividend Payout % | 31% | 30% | 29% | 27% | 23% |
Over the last five years, Sudarshan Chemical Industries has shown a mixed financial performance. From 2019 to 2023, the company’s sales have seen steady growth, increasing from 1,593 crores to 2,302 crores. However, its operating profit and operating profit margin (OPM %) displayed some volatility, peaking in 2021 at 290 crores and 16%, respectively, but then declining to 213 crores and 9% in 2023.
Furthermore, the company’s net profit showed a declining trend, falling from 135 crores in 2019 to 45 crores in 2023, which may raise concerns about its profitability. The earnings per share (EPS) also saw a significant drop from 19.52 Rs in 2019 to 6.47 Rs in 2023, indicating a decline in earnings attributable to shareholders. On a positive note, Sudarshan Chemical Industries has been gradually reducing its dividend payout percentage, suggesting a conservative approach to distributing profits and potentially reinvesting in the business for future growth. Overall, the company’s financial condition appears to have faced challenges in recent years, particularly in terms of profitability.
SUDARSHAN CHEMICAL INDUSTRIES SHARE PRICE TARGET BY BROKERAGE FIRMS AND EXPERTS
Sharekhan recommends purchasing Sudarshan Chemical Industries with a target price of Rs 600.
ICICI Direct suggests maintaining your position in Sudarshan Chemical Industries with a target price set at Rs 560.
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FAQs
Based on our analysed data, we can project that Sudarshan Chemical Industries may continue its upward trajectory, with a minimum share price of ₹612.88 and a maximum of ₹796.75 recorded for December 2025. While exact future prices are subject to various factors, this data suggests a positive outlook for the company’s shares in 2025.
Looking ahead to 2030, Sudarshan Chemical Industries has demonstrated consistent growth over the years, with projections reaching as high as ₹1,382.02 by that year. This trend suggests the potential for the company to continue its upward trajectory, making it an appealing prospect for long-term investors.
Is it worthwhile to invest in Sudarshan Chemical Industries for the long term?
Sudarshan Chemical Industries’ price analysis indicates a pattern of consistent growth, which can be promising for long-term investors. With share prices projected to rise steadily, especially by 2030, the company may offer attractive investment opportunities for those with a long-term investment horizon.
Will the Sudarshan Chemical Industries stock grow?
Based on the analysis provided, Sudarshan Chemical Industries’ stock has exhibited a consistent pattern of growth over the years. While past performance is not indicative of future results, this trend suggests a potential for continued growth in the company’s stock value.
Can Sudarshan Chemical Industries reach ₹1,000 INR?
Sudarshan Chemical Industries’ ability to reach a share price of ₹1,000 INR largely depends on various factors, including market conditions and the company’s performance. While this specific target is not mentioned in the provided analysis there is a possibility of reaching the 1000 mark between the year 2028 to 2030, the upward trajectory observed in recent years suggests that it’s within the realm of possibility, especially if the current growth trend continues. However, investors should conduct thorough research and consider their investment goals before making decisions.
CONCLUSION
In conclusion, Sudarshan Chemical Industries presents a complex investment picture. While the company has maintained a healthy dividend payout of 26.4%, which could be attractive to income-seeking investors, there are notable concerns to consider. Trading at 4.25 times its book value, the stock may be considered overvalued, potentially limiting its immediate upside. Additionally, the poor sales growth of 11.6% over the past five years and a low return on equity of 13.8% over the last three years raise questions about the company’s operational performance.
Moreover, the inclusion of other income in earnings and the possibility of capitalizing interest costs indicate a need for deeper scrutiny into the company’s financial practices. Finally, the decrease in promoter holding by -6.84% over the last three years adds another layer of complexity to the investment thesis. While the historical share price data suggests the potential for growth, reaching ₹1,000 INR by 2030 might be a challenging goal given these concerns. Investors interested in Sudarshan Chemical Industries should carefully assess these factors and consider a balanced approach to their investment strategy.
What did we learn?
- 1 ABOUT SUDARSHAN CHEMICAL INDUSTRIES
- 2 Sudarshan Chemical Industries Q1 FY2024 Results: Summary and Key Points
- 3 SUDARSHAN CHEMICAL INDUSTRIES IN RECENT NEWS
- 4 HOW TO BUY SUDARSHAN CHEMICAL INDUSTRIES SHARES IN INDIA?
- 5 SUDARSHAN CHEMICAL INDUSTRIES SHARE PRICE TARGET 2023 TO 2025
- 6 SUDARSHAN CHEMICAL INDUSTRIES FINANCIAL CONDITION (LAST 5 YEARS)
- 7 SUDARSHAN CHEMICAL INDUSTRIES SHARE PRICE TARGET BY BROKERAGE FIRMS AND EXPERTS
- 8 FAQs
- 8.1 What is the share price target for Sudarshan Chemical Industries by 2025?
- 8.2 What is the share price target for Sudarshan Chemical Industries by 2030?
- 8.3 Is it worthwhile to invest in Sudarshan Chemical Industries for the long term?
- 8.4 Will the Sudarshan Chemical Industries stock grow?
- 8.5 Can Sudarshan Chemical Industries reach ₹1,000 INR?
- 9 CONCLUSION
