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Sudarshan Chemical Industries Ltd.

BSE: 506655 Sector: Industrials
NSE: SUDARSCHEM ISIN Code: INE659A01023
BSE 11:15 | 26 Mar 328.50 -0.35
(-0.11%)
OPEN

326.95

HIGH

328.50

LOW

326.20

NSE 11:15 | 26 Mar 328.30 -0.90
(-0.27%)
OPEN

327.40

HIGH

329.30

LOW

326.00

OPEN 326.95
PREVIOUS CLOSE 328.85
VOLUME 162
52-Week high 633.80
52-Week low 291.10
P/E 24.63
Mkt Cap.(Rs cr) 2,275
Buy Price 328.05
Buy Qty 98.00
Sell Price 329.20
Sell Qty 28.00
OPEN 326.95
CLOSE 328.85
VOLUME 162
52-Week high 633.80
52-Week low 291.10
P/E 24.63
Mkt Cap.(Rs cr) 2,275
Buy Price 328.05
Buy Qty 98.00
Sell Price 329.20
Sell Qty 28.00

Sudarshan Chemical Industries Ltd. (SUDARSCHEM) - Company History

Sudarshan Chemical Industries is a globally renowned player in the Pigment Industry and manufactures a wide range of Organic and Inorganic Pigments Effect Pigments Agro Chemicals and other products with facilities at Roha and Mahad Dist. Raigad Maharashtra. As the largest producer of pigments in India the Company manufactures an extensive range of Organic Inorganic and Effect Pigments and dispersions catering to the Coatings Plastics Inks and Cosmetics Industries worldwide. The product offerings include recognized brands such as Sudaperm Sudafast Sudacolor Sumica and Sumicos. Company's development focus is on high performance pigments mainly for automotive coatings and engineering plastics that are produced in state of the art manufacturing facilities at Roha and Mahad.Pune-based Sudarshan Chemical Industries was formed in 1951. Sudarshan offered shares to the public at par in Dec.'76. Until the seventies the company manufactured organic / inorganic pigments and intermediates. But in 1980 it diversified into pesticides.In Jan.'91 it commenced manufacture of a new range of organic pigments such an pthalocyanine with technology from Dainippon Ink & Chemicals Japan. The Japanese collaborator apart from providing technology also holds a 29.03% stake in the company. The company entered the area of environmental engineering in collaboration with Radian Corporation US. It went public with a rights offer at a premium of Rs 100 to set up a plant to manufacture 1125 tpa of organic pigments at Mahad.Company announced bonus shares (1:2). Its quality management system has been designed to meet the requirements of ISO 9001 certification by BVQI. During 1994-95 exports amounted to Rs 45.8 cr. Company has received ISO 9001 certification in respect of its Pigment division. The Government has selected the best industry for Top Excellence Safety Awards. Pune Factory has won First Best Safety Performance Award in Industrial Safety Competition five times in the last six years.During 2000-01 the company has received the prestigeous ISO 9001 re-certification in respect of its Pigment Division by Bureau Veritas Quality International (BVQI). During 2000-01 Mahad factory has been awarded the coveted ISO 14000 certification by Bureau Veritas Quality International (BVQI) which reconfirms the emphasis given by the company to safety and environment aspects and strict adherence to safety and environment standards.The Board of Directors of the company in its meeting held on 9 August 2014 recommended sub-division of equity shares of the company from Rs. 10 each to Rs. 2 each along with issue of Bonus Shares in the ratio of 1:1. During the year 2017 the Company has incorporated through its direct subsidiary in The Netherlands viz. Sudarshan Europe B.V. a step-down subsidiary (SDS) in Mexico by the name Sudarshan Mexico on 25 January 2017 for marketing and selling pigments manufactured by Sudarshan India. Further the SDS will also be in a position to keep stocks of finished products and do invoicing. This will also enable the Company to service key customers in regions around U.S.A.In 2017 the Company has also set up a Marketing / Sales Office in Shanghai China to locally source raw materials and among others to cater to the requirements of Asia Pacific customers.On 1 June 2018 the Company has entered into a Share Purchase Agreement with Americhem Inc. USA to sell the entire shareholding in its Wholly Owned Subsidiary Prescient Color Limited for an Enterprise Value of Rs. 11700 Lakhs. The Equity Value for sale of shares on Closing Date is Rs. 10228 Lakhs.The Board of Directors in its meeting held on 27 June 2018 have in-principle approved the transfer of Agro Formulation Brand Business for a fixed consideration of Rs. 700 Lakhs and a variable component in terms of royalty payable on sales. The modalities for this transaction are being worked out.