Sudarshan Chemical Industries Ltd (NSE:SUDARSCHEM)
₹ 1041.75 -14.3 (-1.35%) Market Cap: 72.27 Bil Enterprise Value: 76.46 Bil PE Ratio: 60.69 PB Ratio: 6.29 GF Score: 94/100
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Q4 2024 Sudarshan Chemical Industries Ltd Earnings Call Transcript

May 21, 2024 / 04:30AM GMT
Release Date Price: ₹835.45 (+13.61%)

Key Points

Positve
  • Sudarshan Chemical Industries Ltd (BOM:506655) achieved its highest-ever quarterly EBITDA of INR100 crores in Q4 FY24.
  • Annual EBITDA for FY24 surpassed INR300 crores, marking a significant improvement from the previous year.
  • The company has a strong focus on research and development, with over 100 technical members working on new product technologies.
  • Sudarshan Chemical Industries Ltd (BOM:506655) has world-class manufacturing sites in Roha and Mahad, positioning it as a reliable global pigment supplier.
  • The company has a well-defined sustainability pillar, with 60-70% of its purchase power coming from green energy and a strong decarbonization plan.
Negative
  • Despite the overall positive performance, the company faces challenges in the European market, which has shown marginal de-growth on an annualized basis.
  • Sequentially, there was a drop in gross profit margin due to the pass-through of raw material prices and changes in product mix.
  • The company remains cautious about international geographies due to ongoing geopolitical issues.
  • There is uncertainty regarding the impact of the insolvency of a major competitor on the market and Sudarshan Chemical Industries Ltd (BOM:506655)'s capacity to capitalize on this.
  • The company has not provided specific volume growth numbers for FY26 and FY27, indicating potential uncertainty in future growth projections.
Operator

Ladies and gentlemen, good day, and welcome to the Sudarshan Chemical Industries Limited Q4 FY24 earnings conference call hosted by Axis Capital Limited. (Operator Instructions). Please note that this conference is being recorded.

I now hand the conference over to Mr. Ankur Periwal from Axis Capital. Thank you, and over to you.

Ankur Periwal
Axis Capital Ltd - Analyst

Yeah, thank you, [Vanaja]. Good morning, everyone, and welcome to Sudarshan Chemical Industries Limited Q4 [12-month] FY24 post-results earnings call. The management team from Sudarshan Chemical Industries will be represented by Mr. Rajesh Rathi, Managing Director; Mr. Nilkanth Natu, Chief Financial Officer; and Mr. Amey Athale, General Manager Finance. Will start the discussion with a brief management overview on the earnings performance, followed by an interactive Q&A session. Over to you, Natu for initial comments.

Nilkanth Natu
Sudarshan Chemical Industries Ltd - Chief Financial Officer

Thank you, Ankur. Thank you Axis Capital, Ankur

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