Shankar Lal Rampal Dye-Chem Limited (SRD)
₹38.76 +2.24% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Shankar Lal's revenue was ₹136 Cr (+10.9% year on year, -2.7% on the previous quarter), and net profit ₹9.2 Cr (+116.8% year on year); the operating margin was 9.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹136 | +10.9% | -2.7% |
| Operating profit | ₹12.7 | +105.5% | +87.9% |
| Net profit | ₹9.2 | +116.8% | +91.4% |
| EPS (₹) | 1.44 | +118.2% | +92.0% |
| Operating margin | 9.4% | — | — |
SRD delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 89.2% of the SRD shares traded on NSE were taken to delivery, against the stock's own 20-session average of 79.02%. That is higher than usual for this stock. Turnover was only ₹6 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 68.3% · 83.3% · 86.6% · 82.1% · 89.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Shankar Lal Rampal Dye-Chem Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar & Share Transfer Agent Cameo Corporate Services Limited confirms that all securities received for dematerialisation were processed and confirmed to depositories. The RTA also verified that processed security certificates were mutilated and cancelled within the prescribed timeline. This filing represents a standard quarterly regulatory compliance submission.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Issued by Cameo Corporate Services Limited dated October 6, 2026
- Filing made to BSE (542232) and NSE (SRD) on October 15, 2026
- Securities received for dematerialisation were confirmed, mutilated, and cancelled within stipulated timelines
Shankar Lal Rampal Dye-Chem Limited announced that shareholders approved all resolutions at its AGM held on September 19, 2026. This includes approval of a final dividend of 0.50% (₹0.05 per equity share) for FY26. Total votes cast in favor of the dividend resolution stood at 5,46,01,398 (100% of valid votes cast). Shareholders also approved the audited financial statements and the re-appointment of Director Vinod Kumar Inani.
- Final dividend approved at 0.50% or ₹0.05 per equity share for FY26
- 5,46,01,398 total votes cast in favor of the dividend resolution (100% of valid votes)
- Audited FY26 financial statements adopted with 100% voting approval
- Re-appointment of Whole Time Director Vinod Kumar Inani approved with 75,18,328 votes in favor
Shankar Lal Rampal Dye-Chem Limited submitted the scrutinizer report and voting results for its Annual General Meeting held on September 19, 2026. All three ordinary resolutions, including the adoption of FY2026 audited financial statements, were passed with requisite majority. Shareholders approved a dividend of Rs. 0.05 per equity share (0.50%). Additionally, the reappointment of Whole Time Director Vinod Kumar Inani, who retired by rotation, was cleared by voting members.
- Annual General Meeting held virtually on September 19, 2026, attended by 41 shareholders via VC
- Shareholders approved an equity dividend of 0.50% (Rs. 0.05 per share) for FY ended March 31, 2026
- Vinod Kumar Inani re-appointed as Whole Time Director following retirement by rotation, with 7,518,328 votes in favor and 65 against
- Adoption of FY2026 financial statements passed unanimously with 54,601,398 votes in favor
Shankar Lal Rampal Dye-Chem Limited submitted the scrutinizer report and voting results for its Annual General Meeting held on September 19, 2026. All three ordinary resolutions, including the adoption of FY2026 audited financial statements, were passed with requisite majority. Shareholders approved a dividend of Rs. 0.05 per equity share (0.50%). Additionally, the reappointment of Whole Time Director Vinod Kumar Inani, who retired by rotation, was cleared by voting members.
- Annual General Meeting held virtually on September 19, 2026, attended by 41 shareholders via VC
- Shareholders approved an equity dividend of 0.50% (Rs. 0.05 per share) for FY ended March 31, 2026
- Vinod Kumar Inani re-appointed as Whole Time Director following retirement by rotation, with 7,518,328 votes in favor and 65 against
- Adoption of FY2026 financial statements passed unanimously with 54,601,398 votes in favor
Shankar Lal Rampal Dye-Chem Limited reported the proceedings of its 21st Annual General Meeting held on September 19, 2026. The company placed three ordinary resolutions before shareholders, including the adoption of FY26 financial statements, declaration of an ordinary dividend of Rs. 0.05 per equity share (0.50%), and the reappointment of retiring director Vinod Kumar Inani. A total of 41 members attended against a quorum requirement of 30, out of 14,156 total shareholders representing 6,39,66,780 shares. Scrutinizer voting results under Regulation 44 are scheduled to be submitted within two working days.
- AGM considered an ordinary dividend of 0.50% (Rs. 0.05 per equity share) for FY26
- 41 members attended via VC/OAVM against a required quorum of 30
- Total shareholder base stood at 14,156 holding 6,39,66,780 shares as of the cutoff date (September 12, 2026)
- Scrutinizer voting report to be released within 2 working days
Shankar Lal Rampal Dye-Chem Limited has submitted its Annual Report for FY 2025-26 along with the notice for its 21st Annual General Meeting, scheduled to be held on September 19, 2026 via video conferencing. In the Chairman's statement, the company highlighted FY26 revenue from operations of ₹464.80 Cr compared to ₹401.78 Cr in FY25. Net profit for the year rose to ₹13.49 Cr (₹1,349.08 Lacs) from ₹11.39 Cr (₹1,139.24 Lacs), with FY26 EPS reported at ₹2.11. The company also highlighted its strategic move to backward integrate into manufacturing home and cleaning care formulations at Suwana, Bhilwara.
- 21st Annual General Meeting scheduled for September 19, 2026 at 03:30 PM via Video Conferencing
- FY 2025-26 revenue from operations reached ₹464.80 Cr versus ₹401.78 Cr in FY 2024-25
- Profit after Tax for FY 2025-26 increased to ₹1,349.08 Lacs (₹13.49 Cr) from ₹1,139.24 Lacs
- FY 2025-26 earnings per share (EPS) reported at ₹2.11
- E-voting results to be declared on or before September 21, 2026 by 05:00 PM
Shankar Lal Rampal Dye-Chem Limited has issued a corrigendum regarding its board meeting outcome dated August 14, 2026. The company clarified that the cut-off date to determine shareholder eligibility for receiving the notice is August 14, 2026, fixing a typographical error where it was previously stated as September 12, 2026. September 12, 2026 remains the record date specifically for e-voting and dividend eligibility. All other terms and information from the original board meeting outcome remain unchanged.
- Corrected notice dispatch cut-off date to August 14, 2026.
- Reconfirmed September 12, 2026 as the record date for e-voting and dividend eligibility.
- Corrigendum amends Point No. 3 of the board outcome filed on August 14, 2026.
- All other information from the original filing remains unchanged.
Shankar Lal Rampal Dye-Chem Limited (SRD) announced outcomes from its Board meeting held on August 20, 2026. The Board approved the strategic operational framework, integration roadmap, and long-term capacity utilization plan for its manufacturing facility acquired in March 2026. Additionally, the Board approved the closure of an unused dividend bank account for FY 2018-19 and set August 14, 2026, as the cut-off date for dispatch of notices to shareholders.
- Board approved strategic operational framework and capacity utilization plan for the manufacturing unit acquired in March 2026
- Approved closure of unused dividend bank account for FY 2018-19
- Fixed August 14, 2026, as the cut-off date for shareholders eligible to receive notice
- Board meeting conducted on August 20, 2026, from 11:30 AM to 12:15 PM
Shankar Lal Rampal Dye-Chem Limited has scheduled its 21st Annual General Meeting (AGM) for September 19, 2026. The company has fixed September 12, 2026, as the record date for determining shareholder entitlement to the FY 2025-2026 dividend, subject to shareholder approval at the AGM. The cut-off date for e-voting eligibility is also September 12, 2026, with the e-voting window scheduled from September 16, 2026, to September 18, 2026.
- Record date for FY 2025-2026 dividend payout fixed as September 12, 2026.
- 21st Annual General Meeting of the company scheduled for September 19, 2026.
- E-voting cut-off date set for September 12, 2026.
- E-voting window active from September 16, 2026, to September 18, 2026.
Shankar Lal Rampal Dye-Chem (SRD) reported a strong start to FY27, with Q1 net profit surging 116.7% YoY to Rs 9.19 Cr. Revenue from operations grew 10.8% YoY to Rs 135.55 Cr, indicating improved operational efficiency in its chemical trading business. The Board also recommended a final dividend of Rs 0.05 per share (0.5% of face value) for FY 2025-26. The record date for the dividend is fixed for September 12, 2026, with the AGM scheduled for September 19, 2026.
- Net Profit surged 116.7% YoY to Rs 9.19 Cr in Q1 FY27 compared to Rs 4.24 Cr in Q1 FY26
- Revenue from operations increased 10.8% YoY to Rs 135.55 Cr from Rs 122.27 Cr
- Recommended a final dividend of Rs 0.05 per equity share of Rs 10 face value
- Earnings Per Share (EPS) improved significantly to Rs 1.44 from Rs 0.66 YoY
- Record date for dividend and AGM eligibility set for September 12, 2026
Shankar Lal Rampal Dye-Chem (SRD) reported a strong Q1 FY27 with revenue of ₹135.55 Cr, a 10.8% increase from ₹122.27 Cr in the same quarter last year. Net profit for the quarter surged by 116% YoY to ₹9.18 Cr, up from ₹4.24 Cr, indicating significant margin expansion. The Board has recommended a final dividend of ₹0.05 per share (0.5% of face value) for FY26. The record date for the dividend and the 21st AGM is fixed for September 12, 2026.
- Revenue from operations for Q1 ended June 2026 reached ₹135.55 Cr vs ₹122.27 Cr YoY.
- Net Profit (PAT) for the quarter more than doubled to ₹9.18 Cr from ₹4.24 Cr in the previous year's quarter.
- Recommended a final dividend of ₹0.05 per equity share of ₹10 face value for FY 2025-26.
- Basic and Diluted EPS for the quarter improved to ₹1.44 from ₹0.66 YoY.
- Fixed September 12, 2026, as the record date for dividend eligibility and AGM voting.
Shankar Lal Rampal Dye-Chem Limited (SRD) and its promoters have received a notice from the Gariahat Police Station, West Bengal, seeking documents for an investigation (Case No. 185 dated August 01, 2026). The investigation follows a complaint by Mr. Rajesh Kumar Biyani alleging false representation and wrongful loss caused by the company and its promoters. While the company has not yet received the FIR copy, it has categorically denied all allegations and is seeking legal remedies. This legal development is significant given the company's small market cap of Rs 236 Cr and its high P/E ratio of 93.9.
- Notice received on August 07, 2026, under Section 94 of The Bharatiya Nagarik Suraksha Sanhita, 2023.
- Investigation pertains to Case No. 185 dated August 01, 2026, involving the company and promoters.
- Allegations include false representation and wrongful loss to a private complainant.
- Company maintains a high promoter holding of 73.61% as of June 2026.
- Stock has seen a 53.4% price decline over the last 12 months prior to this announcement.
Shankar Lal Rampal Dye-Chem Limited (SRD) has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Cameo Corporate Services Limited, confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed correctly. It verifies that the physical certificates were mutilated and cancelled, and the depositories' names were substituted in the register of members. This is a standard administrative procedure to ensure the integrity of electronic shareholding records.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar & Share Transfer Agent (RTA) Cameo Corporate Services Limited issued the confirmation on July 4, 2026
- Confirms that dematerialized securities are listed on the stock exchanges where earlier securities were listed
- Verification that physical certificates were mutilated and cancelled within stipulated time limits
Shankar Lal Rampal Dye-Chem Limited (SRD) has announced a name change for one of its core promoter group entities. The entity, formerly known as M/s Classic Prime Home Care Private Limited, is now M/s Inani Chemicals Private Limited. This entity holds 5,229,600 shares, which constitutes an 8.18% stake in the company. The company has explicitly confirmed that there is no change in management, controlling interest, or the actual shareholding percentage resulting from this nomenclature update.
- Promoter group entity name changed to M/s Inani Chemicals Private Limited effective from May 11, 2026
- The entity holds 5,229,600 equity shares in the company
- The stake held by this specific promoter entity represents 8.18% of the total shareholding
- Total promoter group holding remains stable at 73.6% as per latest filings
Shankar Lal Rampal Dye-Chem Limited (SRD) has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared at the upcoming Board Meeting. The company operates with a TTM revenue of Rs 107 Cr and a thin operating margin of 3.6%.
- Trading window closure effective from July 1, 2026.
- Closure pertains to the financial results for the quarter ending June 30, 2026.
- Restriction applies to all Directors, KMPs, and designated employees.
- Window to reopen 48 hours after the conclusion of the Board Meeting.
- Company reported a TTM PAT of Rs 3 Cr against a revenue of Rs 107 Cr.
Financial Performance
Revenue Growth by Segment
The company operates in a single primary segment: Trading in Dyes & Chemicals. Revenue from operations for Q2 FY26 reached INR 112.70 Cr, representing a growth of 26.7% YoY compared to INR 88.95 Cr in Q2 FY25. For the half-year ended September 2025, revenue grew 27.8% YoY to INR 228.13 Cr.
Geographic Revenue Split
Not specifically disclosed, though operations are concentrated in Bhilwara, Rajasthan, serving the regional textile and chemical hubs.
Profitability Margins
Net Profit Margin (NPM) for Q2 FY26 stood at 5.34%, a contraction from 7.30% in Q2 FY25. This decline is primarily due to a 22.6% increase in purchase costs and higher finance charges. Profit After Tax (PAT) for Q2 FY26 was INR 6.01 Cr, down 7.4% YoY from INR 6.50 Cr.
EBITDA Margin
EBITDA margin for Q2 FY26 was 7.33% (INR 8.26 Cr), down from 10.19% (INR 9.07 Cr) in Q2 FY25. The margin compression reflects tighter spreads in the chemical trading market and increased operational overheads.
Capital Expenditure
Property, Plant, and Equipment stood at INR 1.28 Cr as of September 30, 2025, compared to INR 1.05 Cr in March 2025, indicating a modest maintenance CAPEX of INR 0.23 Cr.
Credit Rating & Borrowing
Total borrowings as of September 30, 2025, were INR 18.60 Cr, comprising INR 17.61 Cr in short-term and INR 0.99 Cr in long-term debt. Finance costs increased 111% YoY to INR 19.42 Lakhs for the quarter, reflecting higher utilization of working capital limits.
Operational Drivers
Raw Materials
The primary cost driver is 'Purchase of Stock in Trade' (Dyes and Chemicals), which accounts for 96.7% of total revenue (INR 109.05 Cr in Q2 FY26).
Capacity Expansion
As a trading entity, the company does not have traditional manufacturing capacity; however, it manages a high volume of inventory valued at INR 16.60 Cr to support its distribution network.
Raw Material Costs
Purchase costs for stock-in-trade were INR 109.05 Cr in Q2 FY26, up 22.6% YoY. Procurement strategies focus on bulk purchasing to maintain trading margins in a volatile chemical pricing environment.
Manufacturing Efficiency
Not applicable as the company is a trading entity; efficiency is measured by inventory turnover.
Logistics & Distribution
Distribution costs are integrated into 'Other Expenses' (INR 84.39 Lakhs), supporting the delivery of chemicals to regional industrial customers.
Strategic Growth
Expected Growth Rate
27.80%
Growth Strategy
The company aims to achieve growth by expanding its trading portfolio within the dyes and chemicals sector and deepening its penetration in the Rajasthan textile market. The 27.8% H1 revenue growth suggests aggressive market share acquisition despite margin pressure.
Products & Services
Industrial Dyes and Chemicals used primarily in the textile processing and manufacturing industries.
Brand Portfolio
Shankarlal Rampal Dye-Chem Limited.
Market Expansion
The company is focusing on strengthening its presence in the Bhilwara industrial cluster, which is a major hub for textile manufacturing in India.
Strategic Alliances
No new JVs or alliances reported; the company operates as a standalone entity with no subsidiaries.
External Factors
Industry Trends
The chemical trading industry is shifting toward organized players who can provide consistent supply and credit; SRD is positioning itself by maintaining a large balance sheet with INR 136.56 Cr in current assets.
Competitive Landscape
Competes with both unorganized local traders and larger national chemical distributors in the Rajasthan region.
Competitive Moat
The company's moat is built on its localized distribution network and long-standing relationships in the Bhilwara textile hub. This is sustainable due to the high cost for outside competitors to establish similar local logistics and credit trust.
Macro Economic Sensitivity
Highly sensitive to the textile industry's health and industrial chemical demand; a slowdown in textile exports would directly reduce demand for the company's dyes.
Consumer Behavior
Industrial demand is shifting toward eco-friendly dyes, which may require the company to adjust its product portfolio in the future.
Geopolitical Risks
Global chemical price volatility driven by geopolitical tensions can impact procurement costs and trading margins.
Regulatory & Governance
Industry Regulations
Operations are subject to chemical handling regulations and GST compliance for inter-state and intra-state trading.
Environmental Compliance
As a trader, the company has lower direct environmental compliance costs compared to manufacturers, though it must adhere to chemical storage and handling safety norms.
Taxation Policy Impact
The effective tax rate for Q2 FY26 was approximately 25.1%, with a current tax provision of INR 2.02 Cr on PBT of INR 8.03 Cr.
Legal Contingencies
No pending material litigation or court cases were disclosed in the financial notes.
Risk Analysis
Key Uncertainties
The most significant risk is the high level of trade receivables (INR 93.26 Cr), which represents 83% of quarterly revenue. Any significant default by top clients would severely impact the company's equity base of INR 58.65 Cr.
Geographic Concentration Risk
High concentration in Rajasthan (Bhilwara), making the company vulnerable to regional economic downturns or state-specific policy changes.
Third Party Dependencies
Dependent on chemical manufacturers for consistent supply; any supply-side disruption would halt trading operations.
Technology Obsolescence Risk
Low risk of technology obsolescence as a trader, though digital transformation in procurement and inventory management is necessary for scaling.
Credit & Counterparty Risk
High credit exposure to textile units; the company's current ratio of 6.96x is heavily skewed by receivables, indicating potential liquidity constraints if collections slow down.
