Reported Earnings • May 27
Full year 2026 earnings released: ₹2.01 loss per share (vs ₹0.27 profit in FY 2025) Full year 2026 results: ₹2.01 loss per share (down from ₹0.27 profit in FY 2025). Revenue: ₹582.2m (down 69% from FY 2025). Net loss: ₹864.2m (down ₹939.8m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • May 19
Sadhana Nitro Chem Limited to Report Q4, 2026 Results on May 26, 2026 Sadhana Nitro Chem Limited announced that they will report Q4, 2026 results on May 26, 2026 New Risk • Mar 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 7x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹5.04b market cap, or US$54.5m). New Risk • Feb 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹546.8m (US$6.03m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (₹546.8m market cap, or US$6.03m). Reported Earnings • Feb 11
Third quarter 2026 earnings released: ₹0.76 loss per share (vs ₹0.08 profit in 3Q 2025) Third quarter 2026 results: ₹0.76 loss per share (down from ₹0.08 profit in 3Q 2025). Revenue: ₹109.6m (down 71% from 3Q 2025). Net loss: ₹251.4m (down ₹277.2m from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Announcement • Feb 04
Sadhana Nitro Chem Limited to Report Q3, 2026 Results on Feb 10, 2026 Sadhana Nitro Chem Limited announced that they will report Q3, 2026 results on Feb 10, 2026 New Risk • Dec 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹2.66b market cap, or US$29.7m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: ₹0.78 loss per share (vs ₹0.012 profit in 2Q 2025) Second quarter 2026 results: ₹0.78 loss per share (down from ₹0.012 profit in 2Q 2025). Revenue: ₹22.3m (down 95% from 2Q 2025). Net loss: ₹255.5m (down ₹258.1m from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Announcement • Nov 08
Sadhana Nitro Chem Limited to Report Q2, 2026 Results on Nov 13, 2025 Sadhana Nitro Chem Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Nov 05
Sadhana Nitro Chem Limited has filed a Follow-on Equity Offering in the amount of INR 2.635292 billion. Sadhana Nitro Chem Limited has filed a Follow-on Equity Offering in the amount of INR 2.635292 billion.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹7.78, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 26x in the Chemicals industry in India. Total loss to shareholders of 90% over the past three years. Announcement • Oct 01
Sadhana Nitro Chem Limited Approves Dividend for the Financial Year Ended on March 31, 2025 Sadhana Nitro Chem Limited at its AGM held on September 29, 2025, declared a dividend @ 10% (that is INR 0.10 per equity share of INR 1 each) on Equity Shares for the financial year ended on March 31, 2025. Announcement • Sep 08
Sadhana Nitro Chem Limited, Annual General Meeting, Sep 29, 2025 Sadhana Nitro Chem Limited, Annual General Meeting, Sep 29, 2025, at 14:00 Indian Standard Time. Declared Dividend • Sep 08
Dividend reduced to ₹0.10 Dividend of ₹0.10 is 33% lower than last year. Ex-date: 22nd September 2025 Payment date: 29th October 2025 Dividend yield will be 1.0%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. New Risk • Sep 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹3.09b market cap, or US$35.1m). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹7.75, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 27x in the Chemicals industry in India. Total loss to shareholders of 92% over the past three years. Reported Earnings • Aug 13
First quarter 2026 earnings released: ₹0.07 loss per share (vs ₹0.03 profit in 1Q 2025) First quarter 2026 results: ₹0.07 loss per share (down from ₹0.03 profit in 1Q 2025). Revenue: ₹325.8m (down 9.8% from 1Q 2025). Net loss: ₹21.2m (down 442% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Sadhana Nitro Chem Limited to Report Q1, 2026 Results on Aug 12, 2025 Sadhana Nitro Chem Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jul 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹2.41b market cap, or US$28.1m). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹16.67, the stock trades at a trailing P/E ratio of 72.6x. Average trailing P/E is 29x in the Chemicals industry in India. Total loss to shareholders of 78% over the past three years. Reported Earnings • May 05
Full year 2025 earnings released: EPS: ₹0.23 (vs ₹0.17 in FY 2024) Full year 2025 results: EPS: ₹0.23 (up from ₹0.17 in FY 2024). Revenue: ₹1.67b (down 12% from FY 2024). Net income: ₹75.6m (up 85% from FY 2024). Profit margin: 4.5% (up from 2.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Announcement • Apr 28
Sadhana Nitro Chem Limited to Report Q4, 2025 Results on May 02, 2025 Sadhana Nitro Chem Limited announced that they will report Q4, 2025 results on May 02, 2025 Announcement • Apr 11
Sadhana Nitro Chem Limited Announces Resignation of Sangeeta Rohit Naik as Compliance Officer, with Effect from April 10, 2025 Sadhana Nitro Chem Limited informed about the change in the composition of the Senior Management team as Mrs. Sangeeta Rohit Naik, Compliance Officer, designated as Senior Management Personal (SMP), has tendered her resignation as the Compliance Officer of the Company, with effect from end of business hours of April 10, 2025 to pursue new opportunities that align more closely with her long-term career goals. New Risk • Feb 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.42b (US$96.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 153% Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹8.42b market cap, or US$96.9m). Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: ₹0.08 (vs ₹0.04 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.08 (up from ₹0.04 in 3Q 2024). Revenue: ₹371.0m (down 16% from 3Q 2024). Net income: ₹25.8m (up 177% from 3Q 2024). Profit margin: 7.0% (up from 2.1% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Announcement • Jan 28
Sadhana Nitro Chem Limited (BSE:506642) acquired of Calchem Industries India Limited for INR 95 million. Sadhana Nitro Chem Limited (BSE:506642) agreed to acquire Calchem Industries India Limited for INR 95 million on November 8, 2024. A cash consideration of INR 95 million will be paid by Sadhana Nitro Chem Limited. As part of consideration, INR 95 million is paid towards common equity of Calchem Industries India Limited.
The transaction is subject to approval of bankruptcy court. The expected completion of the transaction is January 27, 2025.
Sadhana Nitro Chem Limited (BSE:506642) completed the acquisition of Calchem Industries India Limited on November 8, 2024. The payment of the requisite consideration, as approved by the order of the Hon’ble National Company Law Tribunal (NCLT), has been duly completed. Consequently, Sadhana Nitro Chem Limited (BSE:506642) has taken possession of Calchem Industries (India) Ltd, along with the plant, land and machinery at Roha; adjacent to Sadhana Nitro Chem Limited's (BSE:506642) current factory. Announcement • Jan 24
Sadhana Nitro Chem Limited to Report Q3, 2025 Results on Feb 03, 2025 Sadhana Nitro Chem Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Feb 03, 2025 Announcement • Jan 21
Sadhana Nitro Chem Limited Appoints Uday Krishna Laud as Non-Executive Independent Director Sadhana Nitro Chem Limited at its approved appointment of Mr. Uday Krishna Laud as Non-Executive Independent Director of the Company. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 153% Paying a dividend despite having no free cash flows. Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). New Risk • Nov 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 153% Paying a dividend despite having no free cash flows. Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Shareholders have been diluted in the past year (33% increase in shares outstanding). Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹0.01 (vs ₹0.11 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.01 (down from ₹0.11 in 2Q 2024). Revenue: ₹440.5m (up 4.9% from 2Q 2024). Net income: ₹2.60m (down 90% from 2Q 2024). Profit margin: 0.6% (down from 6.1% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Nov 05
Sadhana Nitro Chem Limited to Report Q2, 2025 Results on Nov 13, 2024 Sadhana Nitro Chem Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Nov 13, 2024 New Risk • Oct 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Earnings have declined by 48% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Announcement • Sep 26
Sadhana Nitro Chem Limited Approves to Declare Final Dividend for Year Ended on March 31, 2024 Sadhana Nitro Chem Limited at Annual General Meeting on September 25, 2024 approved to declare a Final dividend @ 15% (i.e INR 0.15 per equity share of INR 1 each) on Equity Shares for the financial year ended on March 31, 2024. Announcement • Sep 06
Sadhana Nitro Chem Limited Appoints Mukul Sunilkumar Mehra and Nayan Mohanbhai Patel as Non-Executive Independent Directors Sadhana Nitro Chem Limited announced Appointment of Mr. Mukul Sunilkumar Mehra (DIN: 01542984) and Mr. Nayan Mohanbhai Patel (DIN: 00196727)as Non-Executive Independent Directors of the Company. Declared Dividend • Sep 04
Dividend of ₹0.15 announced Shareholders will receive a dividend of ₹0.15. Ex-date: 18th September 2024 Payment date: 25th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 25% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 2.0% to shift the payout ratio to a potentially unsustainable range, which is less than the 40% EPS decline seen over the last 5 years. Announcement • Sep 03
Sadhana Nitro Chem Limited, Annual General Meeting, Sep 25, 2024 Sadhana Nitro Chem Limited, Annual General Meeting, Sep 25, 2024, at 14:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹0.03 (vs ₹0.002 in 1Q 2024) First quarter 2025 results: EPS: ₹0.03 (up from ₹0.002 in 1Q 2024). Revenue: ₹363.9m (down 7.7% from 1Q 2024). Net income: ₹10.3m (up ₹9.80m from 1Q 2024). Profit margin: 2.8% (up from 0.1% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
Sadhana Nitro Chem Limited to Report Q1, 2025 Results on Aug 08, 2024 Sadhana Nitro Chem Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • Jun 18
Sadhana Nitro Chem Limited Announces Resignation of Smita S Singh as the Compliance Officer Sadhana Nitro Chem Limited announced resignation of Ms. Smita S Singh as the Compliance officer of the company, with effect from end of business hours of June 15, 2024 to pursue new opportunities that align more closely with her long-term career goals. Reported Earnings • May 19
Full year 2024 earnings released: EPS: ₹0.17 (vs ₹0.13 in FY 2023) Full year 2024 results: EPS: ₹0.17 (up from ₹0.13 in FY 2023). Revenue: ₹1.94b (up 35% from FY 2023). Net income: ₹40.8m (up 28% from FY 2023). Profit margin: 2.1% (in line with FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • May 18
Sadhana Nitro Chem Limited Recommends Final Dividend for the Financial Year 2023-24 The board of directors of Sadhana Nitro Chem Limited at its meeting held on May 17, 2024, Considered and recommended a dividend @ 15% i.e. INR 0.15 per equity share of face value of INR 1 each for the financial year 2023-24 as on record date to be fixed by the Board subject to approval of shareholders at the up coming Annual General Meeting. Announcement • May 12
Sadhana Nitro Chem Limited to Report Q4, 2024 Results on May 17, 2024 Sadhana Nitro Chem Limited announced that they will report Q4, 2024 results on May 17, 2024 Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹0.04 (vs ₹0.033 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.04 (up from ₹0.033 in 3Q 2023). Revenue: ₹448.5m (up 44% from 3Q 2023). Net income: ₹9.30m (up 24% from 3Q 2023). Profit margin: 2.1% (down from 2.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 88% per year, which means it is well ahead of earnings. Announcement • Jan 24
Sadhana Nitro Chem Limited to Report Q3, 2024 Results on Jan 30, 2024 Sadhana Nitro Chem Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent & Non-Executive Woman Director Ayesha Patel was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Reported Earnings • Oct 28
Second quarter 2024 earnings released: EPS: ₹0.10 (vs ₹0.016 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.10 (up from ₹0.016 loss in 2Q 2023). Revenue: ₹420.0m (up 15% from 2Q 2023). Net income: ₹25.7m (up ₹29.4m from 2Q 2023). Profit margin: 6.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 102% per year, which means it is well ahead of earnings. Announcement • Oct 20
Sadhana Nitro Chem Limited Announces Resignation of Amit M. Mehta Resignation as Director Sadhana Nitro Chem Limited informed about the following change in composition of the Board Mr. Amit M. Mehta (DIN: 00073907), has tendered his resignation as the Independent Director of the Company, with effect from 19%" October 2023 citing pre-occupation and other personal commitments. Mr. Amit M. Mehta (DIN: 00073907), has tendered his resignation as an Independent Director of the Company with immediate effect due to pre-occupation and other personal commitments. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any Directorship in other listed entities: One & Chemicals 1.Diamines Limited. Membership in Board Committees of other listed entities- None Mr. Amit M. Mehta has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter dated 19" October 2023. Announcement • Oct 19
Sadhana Nitro Chem Limited to Report Q2, 2024 Results on Oct 26, 2023 Sadhana Nitro Chem Limited announced that they will report Q2, 2024 results on Oct 26, 2023 Upcoming Dividend • Sep 11
Upcoming dividend of ₹0.15 per share at 0.1% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 26 October 2023. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%). Announcement • Sep 02
Sadhana Nitro Chem Limited, Annual General Meeting, Sep 26, 2023 Sadhana Nitro Chem Limited, Annual General Meeting, Sep 26, 2023, at 14:00 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: ₹0.002 (vs ₹0.041 in 1Q 2023) First quarter 2024 results: EPS: ₹0.002 (down from ₹0.041 in 1Q 2023). Revenue: ₹401.4m (up 46% from 1Q 2023). Net income: ₹500.0k (down 95% from 1Q 2023). Profit margin: 0.1% (down from 3.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 94% per year, which means it is well ahead of earnings. Announcement • Aug 01
Sadhana Nitro Chem Limited to Report Q1, 2024 Results on Aug 07, 2023 Sadhana Nitro Chem Limited announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹0.16 (vs ₹0.29 in FY 2022) Full year 2023 results: EPS: ₹0.16 (down from ₹0.29 in FY 2022). Revenue: ₹1.45b (up 6.2% from FY 2022). Net income: ₹31.6m (down 49% from FY 2022). Profit margin: 2.2% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 98% per year, which means it is well ahead of earnings. Announcement • May 25
Sadhana Nitro Chem Limited Recommends Final Dividend for the Financial Year 2022-23 Sadhana Nitro Chem Limited at its board meeting held on May 24, 2022 considered and recommended a final dividend @ 15% i.e., INR 0.15 per equity share of face value of INR 1/- each for the financial year 2022-23, subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the Company. Announcement • May 19
Sadhana Nitro Chem Limited to Report Q4, 2023 Results on May 24, 2023 Sadhana Nitro Chem Limited announced that they will report Q4, 2023 results on May 24, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released Third quarter 2023 results: EPS: ₹0.04. Revenue: ₹310.4m (down 19% from 3Q 2022). Net income: ₹7.50m (down 34% from 3Q 2022). Profit margin: 2.4% (down from 3.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Announcement • Feb 08
Sadhana Nitro Chem Limited to Report Q3, 2023 Results on Feb 14, 2023 Sadhana Nitro Chem Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 19
Second quarter 2023 earnings released: ₹0.02 loss per share (vs ₹0.08 profit in 2Q 2022) Second quarter 2023 results: ₹0.02 loss per share (down from ₹0.08 profit in 2Q 2022). Revenue: ₹368.9m (up 17% from 2Q 2022). Net loss: ₹3.70m (down 123% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 122% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent & Non-Executive Director Ayesha Patel was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 07
Upcoming dividend of ₹0.15 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 21 October 2022. The company last paid an ordinary dividend in April 2018. The average dividend yield among industry peers is 0.7%. Announcement • Sep 01
Sadhana Nitro Chem Limited Proposes Dividend for the Financial Year 2021-22, Payable on or Before 21St October, 2022 Sadhana Nitro Chem Limited at the AGM to be held on September 22, 2022, proposed dividend of INR 0.15 (@ 15%) per equity share having face value of INR 1 each fully paid-up for the financial year 2021-22. The Company has fixed 15th September, 2022 as `Record Date' and if declared by the shareholders at the upcoming annual general meeting, shall be paid on or before 21st October, 2022, subject to deduction of tax at source as applicable. Announcement • Aug 27
Sadhana Nitro Chem Limited, Annual General Meeting, Sep 22, 2022 Sadhana Nitro Chem Limited, Annual General Meeting, Sep 22, 2022, at 16:00 Indian Standard Time. Announcement • Aug 06
Sadhana Nitro Chem Limited to Report Q1, 2023 Results on Aug 12, 2022 Sadhana Nitro Chem Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • May 26
Sadhana Nitro Chem Limited Recommends A Dividend for the Financial Year 2021-22 Sadhana Nitro Chem Limited in its board meeting held on May 24, 2022 considered and recommended a dividend of 15% i.e. INR 0.15 per equity share of the face value of INR 1/- each for the financial year 2021-22 on expanded capital after two bonus issues in the ratio of 1:2 in Fiscal Year 2020-21 and in the ratio of 2:5 in the Fiscal Year 2021-22 subject to the approval of shareholders at the up coming Annual General Meeting. Announcement • May 18
Sadhana Nitro Chem Limited to Report Q4, 2022 Final Results on May 24, 2022 Sadhana Nitro Chem Limited announced that they will report Q4, 2022 final results on May 24, 2022 Announcement • May 04
Sadhana Nitro Chem Limited Announces Management Changes Sadhana Nitro Chem Limited announced the Appointment of Shri. Rakesh R. Kothari as the Key Managerial Personal (KMP) Designated as Chief Financial Officer of the company with effect from May 02, 2022. And the Resignation of Shri. Abhishek A. Javeri from the post of Chief Financial Officer of the Company pursuant to appointment of New Chief Financial Officer (CFO) with effect from May 02, 2022. Rakesh R. Kothari has a rich experience of 21+ years with Citi Bank, where he has worked across Operations, Customer Service, Business development, Relationship Management, including leadership roles handling teams across geographies. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Additional Independent & Non-Executive Director Ayesha Patel was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 08
Sadhana Nitro Chem Limited to Report Q3, 2022 Results on Feb 14, 2022 Sadhana Nitro Chem Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 33% share price gain to ₹57.40, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 22% share price gain to ₹46.60, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 18x in the Chemicals industry in India. Total loss to shareholders of 7.4% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 20% share price gain to ₹44.10, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 8.2% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₹38.50, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 17x in the Chemicals industry in India. Total loss to shareholders of 2.7% over the past three years. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS ₹0.17 (vs ₹0.033 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹290.1m (up 75% from 1Q 2021). Net income: ₹23.3m (up 276% from 1Q 2021). Profit margin: 8.0% (up from 3.7% in 1Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹40.70, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 22% over the past three years. Executive Departure • Jul 23
Deputy General Manager of Accounts Ramdas Gandhi has left the company On the 16th of July, Ramdas Gandhi's tenure as Deputy General Manager of Accounts ended. We don't have any record of a personal shareholding under Ramdas' name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 7.13 years. Reported Earnings • Jun 11
Full year 2021 earnings released: EPS ₹1.14 (vs ₹1.05 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹1.08b (up 1.8% from FY 2020). Net income: ₹159.3m (up 8.7% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 08
Independent & Non-Executive Director Arvind Doshi has left the company On the 1st of June, Arvind Doshi's tenure as Independent & Non-Executive Director ended after 46.7 years in the role. We don't have any record of a personal shareholding under Arvind's name. Arvind is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.04 years. Is New 90 Day High Low • Mar 01
New 90-day high: ₹28.55 The company is up 46% from its price of ₹19.50 on 01 December 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 11% over the same period. Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS ₹0.24 (vs ₹0.53 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹310.0m (up 9.9% from 3Q 2020). Net income: ₹33.9m (down 54% from 3Q 2020). Profit margin: 11% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Feb 03
Sadhana Nitro Chem Limited to Report Q3, 2021 Results on Feb 09, 2021 Sadhana Nitro Chem Limited announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Dec 31
New 90-day high: ₹24.30 The company is up 4.0% from its price of ₹23.40 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS ₹0.03 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹213.9m (down 37% from 2Q 2020). Net income: ₹4.80m (down 95% from 2Q 2020). Profit margin: 2.2% (down from 27% in 2Q 2020). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Oct 28
New 90-day low: ₹19.95 The company is down 9.0% from its price of ₹21.83 on 30 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period. Announcement • Sep 04
Sadhana Nitro Chem Limited to Report Q1, 2021 Results on Sep 09, 2020 Sadhana Nitro Chem Limited announced that they will report Q1, 2021 results on Sep 09, 2020 Announcement • Jul 30
Sadhana Nitro Chem Limited (BSE:506642) completed the acquisition of Strix Private Limited and Spidigo Net Private Limited. Sadhana Nitro Chem Limited (BSE:506642) agreed to acquire Strix Private Limited and Spidigo Net Private Limited on January 19, 2018. Upon completion, Strix Private Limited and Spidigo Net Private Limited will wholly owned subsidiaries of Sadhana Nitro Chem Limited. The transaction is subject to approval from shareholders of Sadhana Nitro Chem Limited, and is not subject to governmental or regulatory approvals. The transaction has been approved by the Board of Sadhana Nitro Chem Limited. As of March 20, 2018, the transaction is approved by the shareholders of Sadhana Nitro Chem Limited. As of June 26, 2019, National Company Law Tribunal (NCLT), Mumbai Bench approved the transaction. The transaction is expected to be completed within 90 working days subject to detailed due diligence. In the year ended March 31, 2018, Sadhana Nitro Chem Limited completed the acquisition of Strix Private Limited.
Sadhana Nitro Chem Limited (BSE:506642) completed the acquisition of Strix Private Limited and Spidigo Net Private Limited on March 8, 2019. Announcement • Jul 25
Sadhana Nitro Chem Limited to Report Q4, 2020 Results on Jul 29, 2020 Sadhana Nitro Chem Limited announced that they will report Q4, 2020 results on Jul 29, 2020 
