Sudarshan Colorants India Limited (SUDARCOLOR)
₹354.30 -0.11% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sudarshan Colorants' revenue was ₹222 Cr, and net profit ₹20.4 Cr; the operating margin was 11.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹222 | — | — |
| Operating profit | ₹25.6 | — | — |
| Net profit | ₹20.4 | — | — |
| EPS (₹) | 8.82 | — | — |
| Operating margin | 11.5% | — | — |
SUDARCOLOR delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 84.14% of the SUDARCOLOR shares traded on NSE were taken to delivery, against the stock's own 20-session average of 70.92%. That is higher than usual for this stock. Turnover was only ₹14 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 69.1% · 74.1% · 70.0% · 83.5% · 84.1%
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
Sudarshan Colorants India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was issued by the Registrar & Share Transfer Agent, MUFG Intime India Private Limited. It confirms that all share certificates received for dematerialisation during the period were properly processed, verified, and cancelled within prescribed timelines. This is a recurring administrative filing with no impact on business operations or financials.
- Compliance certificate filed under Regulation 74(5) of SEBI Regulations, 2018
- Applies to the quarter ended September 30, 2026 (July 1, 2026 to September 30, 2026)
- Issued by Registrar & Share Transfer Agent MUFG Intime India Private Limited on October 6, 2026
- Filed with BSE (Scrip Code: 506390) and NSE (Symbol: SUDARCOLOR) on October 7, 2026
Sudarshan Colorants India Limited announced the closure of its trading window starting October 01, 2026, pursuant to SEBI Prohibition of Insider Trading Regulations. The closure will remain in place until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ending September 30, 2026. The specific board meeting date for reviewing these earnings will be declared separately.
- Trading window closure begins on Thursday, October 01, 2026
- Closure applies to all designated persons and their immediate relatives
- Window to reopen 48 hours post announcement of results for the period ending September 30, 2026
- Board meeting date to approve Q2 FY27 results to be communicated in due course
Sudarshan Colorants India Limited received an adverse Appeal Order on September 11, 2026, upholding a GST demand under Section 73 of TNGST & CGST Acts for FY 2018-19. The total demand upheld is ₹5,11,48,556, which comprises tax of ₹2,56,41,056, interest of ₹2,32,16,044, and a penalty of ₹22,91,456. The ₹5.11 crore demand is significant relative to the company's TTM PAT of ₹18 crore (~28.4%). The company stated that the order is appealable and it is in the process of filing an appeal before the appropriate authority.
- GST appeal rejected and demand order dated April 30, 2024 upheld on September 11, 2026
- Total demand amount upheld is ₹5,11,48,556 for assessment year 2018-19
- Breakdown includes tax of ₹2,56,41,056, interest of ₹2,32,16,044, and penalty of ₹22,91,456
- The ₹5.11 Cr demand represents ~28.4% of TTM PAT (₹18 Cr)
Sudarshan Colorants India Limited announced the conclusion of inspection and search proceedings conducted by the Assistant Commissioner of State Tax, Maharashtra State. The proceedings, initiated under Section 67 of the Maharashtra GST Act, 2017 and Section 64 of the Maharashtra VAT Act, 2002, began on August 25, 2026, and concluded on August 31, 2026, at 10:15 p.m. IST. The company stated that it extended full cooperation and that there is currently no material impact on its financials, business operations, or activities. Investors should track if any formal tax demand notices or show cause notices arise subsequently.
- Search/inspection initiated by Maharashtra State Tax officials on August 25, 2026
- Proceedings covered select offices and manufacturing units in Maharashtra under Section 67 (MGST) and Section 64 (MVAT)
- Inspection concluded on August 31, 2026, at 10:15 p.m. IST
- Management reports no material financial or operational impact at present
Sudarshan Colorants India Limited has announced the resignation of Mr. Mandar Velankar (DIN: 11069055) from his role as Non-Executive and Non-Independent Director. The cessation is effective as of the close of business hours on September 01, 2026. This represents a routine board-level change with no immediate operational or financial disruption to the company.
- Mr. Mandar Velankar resigned as Non-Executive and Non-Independent Director
- Cessation effective from close of business hours on September 01, 2026
- Director Identification Number (DIN) noted as 11069055
Sudarshan Colorants India Limited has informed the stock exchanges that Mr. Mandar Velankar (DIN: 11069055) has resigned from his position as Non-Executive and Non-Independent Director. The resignation is effective from the close of business hours on September 01, 2026. As this involves a non-executive board seat, the change is routine and is not expected to impact day-to-day operations.
- Resignation of Mr. Mandar Velankar (DIN: 11069055) as Non-Executive and Non-Independent Director
- Cessation is effective close of business hours on September 01, 2026
- Disclosure submitted pursuant to Regulation 30 of SEBI LODR Regulations
Sudarshan Colorants India Limited has announced the resignation of Mr. Mandar Velankar (DIN: 11069055) from the position of Non-Executive and Non-Independent Director. The resignation is effective from the close of business hours on September 01, 2026. The company reported TTM revenue of ₹398 Cr and a market capitalization of ₹889 Cr. This board change is non-executive in nature and does not impact day-to-day operational management.
- Resignation of Mr. Mandar Velankar (DIN: 11069055) as Non-Executive and Non-Independent Director
- Cessation is effective as of close of business hours on September 01, 2026
- Intimation submitted under Regulation 30 of SEBI LODR Regulations, 2015
Sudarshan Colorants India Limited disclosed that the Assistant Commissioner of State Tax, Maharashtra State, Mumbai, initiated search and inspection proceedings on August 25, 2026. The inspection covers several offices and manufacturing units located in Maharashtra under Section 67 of the MGST Act, 2017 and Section 64 of the MVAT Act, 2002. The proceedings are currently underway, and no specific violation notices or financial demands have been communicated to the company as of the filing date. The company stated there is currently no material impact on business operations or financials.
- Search and inspection proceedings initiated on August 25, 2026, across Maharashtra offices and plants
- Conducted under Section 67 of Maharashtra GST Act, 2017 and Section 64 of Maharashtra VAT Act, 2002
- Authorized by Assistant Commissioner of State Tax, Maharashtra State, Mumbai
- Specific violations or monetary demands: not disclosed / no communication received yet
Sudarshan Colorants India Limited announced the voting results of its 69th Annual General Meeting held on August 18, 2026. Shareholders approved all three ordinary resolutions with requisite majorities exceeding 99.8%. The passed items include adoption of audited financial statements, re-appointment of director Mr. Mandar Velankar, and ratification of cost auditor remuneration for FY 2026-27. Overall shareholder turnout stood at 70.87% (16,357,601 votes polled out of 23,081,798 total shares).
- All 3 ordinary resolutions passed with requisite majority (>99.8% approval) at the 69th AGM held on August 18, 2026
- Shareholder voting turnout reached 70.87% with 16,357,601 votes polled out of 23,081,798 total outstanding shares
- Promoter group cast 16,216,847 votes (100% in favor) across all resolutions
- Ratified remuneration for Mrs. Ashwini Kedar Joshi as Cost Auditor for FY 2026-27
Sudarshan Colorants India Limited (formerly Heubach Colorants India Limited) concluded its 69th Annual General Meeting on August 18, 2026, conducted via Video Conference. A total of 51 members attended the meeting. Key agenda items put to vote included the adoption of FY26 financial statements, the reappointment of director Mr. Mandar Velankar, and ratification of cost auditor remuneration for FY27. Final voting results will be declared separately following the Scrutinizer's report.
- 69th Annual General Meeting held on August 18, 2026, from 2:00 p.m. to 3:30 p.m. IST
- Total of 51 members attended the meeting via VC/OAVM
- 3 resolutions tabled including adoption of FY26 financial statements and director reappointment
- Statutory and Secretarial Auditor reports contained zero qualifications or adverse remarks
Sudarshan Colorants India Limited reported a 5.5% YoY increase in revenue to ₹222.39 Cr for the quarter ended June 30, 2026. Net profit grew by 19.1% YoY to ₹20.36 Cr, driven by improved operational efficiencies despite a high raw material cost base. The company also strengthened its senior management by appointing Mr. Vijayant as India Legal Head, bringing 18 years of experience from major firms like JCB and John Deere. This quarterly performance significantly exceeds the TTM revenue and profit figures provided in the previous financial context, indicating a strong start to FY27.
- Revenue from operations increased to ₹222.39 Cr in Q1 FY27 from ₹210.72 Cr in Q1 FY26.
- Net Profit for the quarter rose to ₹20.36 Cr, a 19.1% growth over the ₹17.09 Cr reported in the same period last year.
- Earnings Per Share (EPS) improved to ₹8.82 for the quarter, up from ₹7.40 YoY.
- Cost of materials consumed stood at ₹134.90 Cr, representing approximately 60.6% of total revenue.
- Appointment of Mr. Vijayant as India Legal Head (Senior Management Personnel) effective August 05, 2026.
Sudarshan Colorants (formerly Heubach Colorants) reported a steady Q1 FY27 with revenue growing 5.5% YoY to ₹222.39 Cr. Net profit saw a stronger growth of 19.1% YoY, reaching ₹20.36 Cr, compared to ₹17.09 Cr in the same period last year. Sequentially, the performance was even stronger, with net profit jumping 54.8% from ₹13.15 Cr in the March 2026 quarter. The company also strengthened its leadership by appointing Mr. Vijayant as the India Legal Head.
- Revenue from operations grew 5.5% YoY to ₹222.39 Cr in Q1 FY27.
- Net Profit increased 19.1% YoY to ₹20.36 Cr, with EPS rising to ₹8.82 from ₹7.40.
- Profit Before Tax (PBT) margin improved to 12.2% in Q1 FY27 from 10.9% in Q1 FY26.
- Sequential (QoQ) net profit growth stood at 54.8%, rising from ₹13.15 Cr in Q4 FY26.
- Appointment of Mr. Vijayant as India Legal Head, bringing 18 years of experience from firms like JCB and John Deere.
Sudarshan Colorants India Limited (formerly Heubach Colorants) reported a positive start to FY27 with Q1 revenue from operations rising 5.5% YoY to ₹222.39 Cr. Net profit grew 19.1% YoY to ₹20.36 Cr, up from ₹17.09 Cr in the same period last year. Despite a sharp increase in raw material costs to ₹134.90 Cr, the company maintained profitability with an EPS of ₹8.82. Additionally, the board appointed Mr. Vijayant as the India Legal Head to the senior management team.
- Revenue from operations grew to ₹222.39 Cr in Q1 FY27 from ₹210.72 Cr in Q1 FY26.
- Net profit increased by 19.1% YoY to ₹20.36 Cr, showing improved operational efficiency.
- Earnings Per Share (EPS) rose to ₹8.82 for the quarter, compared to ₹7.40 in the previous year's corresponding quarter.
- Cost of materials consumed increased significantly to ₹134.90 Cr from ₹113.30 Cr YoY.
- Appointment of Mr. Vijayant as India Legal Head effective August 05, 2026, bringing 18 years of experience.
Sudarshan Colorants (formerly Heubach Colorants) has scheduled its 69th AGM for August 18, 2026, following its integration into the 'ONE Sudarshan' group. The company is currently in a transition phase after its parent acquired the Heubach Group in March 2025, focusing on consolidating four legacy SAP systems and aligning 80% of its global workforce. While integration synergies are being pursued, the company reported a TTM loss of Rs 2 Cr and faces significant disputed statutory dues totaling approximately Rs 52.87 Cr.
- 69th Annual General Meeting scheduled for August 18, 2026, via video conferencing
- Total disputed statutory dues (GST, Excise, Service Tax) aggregate to approximately Rs 52.87 Cr
- Service Tax dispute of Rs 25.49 Cr for FY 2016-17 currently pending before the Mumbai High Court
- Integration of 4 legacy SAP systems into a single harmonized landscape is currently in progress
- Workforce integration reached 80% across continents following the March 2025 acquisition
Sudarshan Colorants (formerly Heubach Colorants) has convened its 69th AGM for August 18, 2026, following its integration into the Sudarshan Chemical Group. The company is currently in a transition phase, reporting a TTM revenue of ₹176 Cr but a net loss of ₹2 Cr. Investors should note the ongoing 'Value Capture Plan' which aims to realize procurement and manufacturing synergies. However, the company faces significant legal headwinds with a ₹25.49 Cr service tax dispute pending in the Mumbai High Court, representing approximately 14.5% of TTM revenue.
- 69th Annual General Meeting scheduled for August 18, 2026, via video conferencing.
- Formal name change from Heubach Colorants India Limited to Sudarshan Colorants India Limited occurred on December 12, 2025.
- Significant legal contingency: ₹25.49 Cr service tax dispute for FY 2016-17 pending at the High Court, Mumbai.
- Integration progress: Over 95% of colleagues reportedly identify with the new 'ONE Sudarshan' corporate culture.
- Operational milestone: SAP integration is underway to consolidate four legacy systems into a single platform.
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