Sudarshan Chemical Industries Limited · NSE:SUDARSCHEM
Sudarshan Chemical Industries — Q4 FY26 Earnings Presentation
27 slides from Sudarshan Chemical Industries's earnings presentation, May 25, 2026
Slide 1: Cover letter to stock exchanges
25th May, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Mumbai – 400 001 Bandra Kurla Complex, Scrip Code – 506655 Bandra (East), Mumbai – 400 051 Scrip Symbol - SUDARSCHEM Dear Sir / Madam, Sub : Results Earnings Cal
Slide 2: ONE Sudarshan Investor Presentation Q4 FY26
ONE Sudarshan Investor Presentation Q4 FY26 May 27, 2026
Slide 3: Safe harbour statement
Safe harbour statement • This presentation may contain statements which reflect Management’s current views and estimates and could be construed as forward-looking statements • These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results
Slide 4: One Sudarshan introduction
One Sudarshan introduction 3
Slide 5: Sudarshan and Heubach unite forces
Sudarshan and Heubach unite forces Legacy Legacy Top-2 player globally with a legacy of Fastest growing and most over 200 years and about a billion profitable pigment company with Euros in revenue 1,270+ employees A global, value-creating pigment 75+ years of experience in pigment Global manufacturi
Slide 6: Reminder on our value proposition
Reminder on our value proposition Expanded Truly global Unrivalled Pigment Financially manufacturing reach Portfolio and robust footprint Technology 19 All ~1,600 € ~1 bn Manufacturing facilities Major industry segments Pigment products Annual turnover 11 4,000+ ~60 EBITDA Countries with sites Globa
Slide 7: Integration update
Integration update 6
Slide 8: We started from a highly challenging starting point last year
We started from a highly challenging starting point last year across profitability, org, and processes Business High working Legacy driven Critical leadership Lack of profitability capital intensity organizational talent gaps during harmonized challenged from driven by high silos and absence insolve
Slide 9: Integration update – where we stand against year 1 priorities
Integration update – where we stand against year 1 priorities NOT EXHAUSTIVE Key year 1 priorities Latest achievements Improved customer service e.g., with regional CSD teams Customer centricity Won several “Best supplier of the year” awards across key customers Value capture plan Value capture init
Slide 10: Q4 performance update
Q4 performance update 9
Slide 11: Q4 performance vs projection
Q4 performance vs projection Acquired group Business EBITDA € Mn Inventory reduction € Mn Sales recovery driven by: ‒ Increased purchases 11 29 from Global Key 9-10 Accounts (GKAs) as the de-stocking trend subsided 20 ‒ Demand recovery in key regions like Europe and India ‒ Tariffs situation eased a
Slide 12: Pigment performance – Q4 2026
Pigment performance – Q4 2026 Pigment-only results across legacy Sudarshan and Acquired Group In ₹ Cr Acquired Legacy Sudarshan Pigment Group Pigment Global Commentary Q4 25 Q3 26 Q4 26 YoY% Q3 26 Q4 26 Q4 25# Q3 26 Q4 26 1 Revenue growth of 4.6% YoY and growth of 30% QoQ Revenue from 1 2 744 597 77
Slide 13: EBITDA: Reported EBITDA impacted by release of inventorised overheads
EBITDA: Reported EBITDA impacted by release of inventorised overheads Acquired group EBITDA, INR Cr 118 Business EBITDA = Operating profit from actual sales without the impact of inventory -82 73 change 37 Reported EBITDA = Operating profit from actual sales with the impact of inventory change (chan
Slide 14: Pigment performance – FY 2026
Pigment performance – FY 2026 Pigment-only results across legacy Sudarshan and Acquired Group In ₹ Cr Acquired Legacy Sudarshan Pigment Group Pigment Global Commentary # FY 25 FY 26 YoY% FY 26 FY 25 FY 26 1 Legacy Sudarshan pigment sales marginally higher by 1 2 Revenue from 0.4% 2,595 2,605 0.4% 6,
Slide 15: One Sudarshan Q4 FY26 performance
One Sudarshan Q4 FY 26 performance Consolidated results across legacy Sudarshan and Acquired Group In ₹ Cr Acquired Legacy Sudarshan Group One Sudarshan Commentary Q4 25 Q3 26 Q4 26 YoY% Q3 26 Q4 26 Q4 25# Q3 26 Q4 26 1 Revenue growth of 6.6% YoY while growth of ~ 36 % QoQ Revenue from 1 2 1,951 825
Slide 16: One Sudarshan FY26 performance
One Sudarshan FY 26 performance Consolidated results across legacy Sudarshan and Acquired Group In ₹ Cr Acquired Legacy Sudarshan One Sudarshan Group Commentary # FY 25 FY 26 YoY% FY 26 FY 25 FY 26 1 Legacy Sudarshan pigment 1 sales marginally higher by Revenue from 2,821 2,868 2 1.7% 3 6,995 3,346
Slide 17: Deep-dive RIECO performance
Deep-dive RIECO performance In ₹ Cr Q4 and FY 2026 Quarterly performance 12M Performance Commentary Q4 25 Q3 26 Q4 26 YoY% FY 25 FY 26 YoY% 1 Revenue increase on 1 account of execution of Revenue from Operations* 81 54 102 25.9% 228 268 17.5% high value projects 2 Organization re- EBITDA* 4 -2 4 -17
Slide 18: Financial Ratios - One Sudarshan
Financial Ratios - One Sudarshan Key ratios FY 263 Earnings Per Share5 (₹) 6.6 Adjusted Return on Capital Employed1,4 (%) 10.8% Net debt to Equity Ratio 0.3 Net debt2 (₹ Cr) 755 Net working capital as % to sales1 25.9% 1. Revenue and EBIT for Legacy Sudarshan taken at actual for FY 25 and Mar-25 res
Slide 19: Outlook
Outlook 18
Slide 20: FY 26-27 Outlook
Closing the year with strong performance momentum while laying the groundwork for future growth acceleration Customer trust is rebuilt and the destocking situation on legacy Heubach products is easing - we see especially global accounts buying again more in Jan and early Feb FY 26-27 Cautiously navi
Slide 21: EBITDA projection for the Acquired Group
EBITDA projection for the Acquired Group Business EBITDA in € Mn FY27 projection: Sales ~ € 700 Mn 90-100 EBITDA ~ € 35 Mn We remain fairly confident in the strategic rationale of the acquisition and expect to achieve EBITDA of € 90-100 Mn over 3-4 years as guided at the 19 time of acquisition, driv
Slide 22: Closing – We continue to look positively into the future!
Closing – We continue to look positively into the future! One of the largest global pigment platforms, with scale, reach, and deep industry legacy Broad portfolio and technology depth, serving diverse end-use segments and customer needs Global footprint as a structural advantage, enabling supply res
Slide 23: About Sudarshan
About Sudarshan 22
Slide 24: Our Governance Structure - Board of Directors
Our Governance Structure - Board of Directors Mrs. Sudha Navandar Mr. Rajendra Mariwala Non-Executive, Non-Executive, Independent Director Independent Director Mrs. Anu Wakhlu Mr. Amitabha Mukhopadhyay Non-Executive, Non-Executive, Independent Director Non-Independent Director Ms. Bhumika Batra Mr.
Slide 25: Shareholder Information
Shareholder Information Share Information (as of 31st March 2026) Shareholding Pattern (as of 31st March 2026) NSE Ticker SUDARSCHEM Promoters 8.19% BSE Ticker 506655 FIIs and FPIs 7.96% Market Cap (₹ Mn) 58,770 Mutual Funds 23.30% % free-float 91.81% Others 60.55% Free-float market cap 53,957 Share
Slide 26: Investor Relations Connect
Investor Relations Connect Investor Relations at Sudarshan: Mr. Mandar M. Velankar +91 20 6828 1200 investorrelations@sudarshan.com CIN: L24119PN1951PLC008409 www.sudarshan.com Sudarshan Chemical Industries Limited 7th Floor, Eleven West Panchshil, Survey No. 25, Near PAN Card Club Road, Baner, Pune
Slide 27: Thank you
Thank you
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