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Sudarshan Pharma Industries Ltd (SUDARSHAN) Fair Value & Analysis

Basic Materials · IN · Market cap ₹9.9B

SP Sudarshan Pharma Industries Ltd SUDARSHAN · BSE
Price₹38.39
Fair Value₹15.34
Upside-60.0%
Quality36/100
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Risks

!Trades 60% ABOVE our fair value of ₹15.34
!Expensive Growth
!Thin margins · 3.3% net margin
!Low debt · negative free cash flow
Expensive Growth
Thin margins · 3.3% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 43/100
Evidence: Medium Range ₹10.74 – ₹19.83 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 7 days ago

Fair value updated Aug 13, 2026, revised from ₹15.87 to ₹15.34 (−3.3%) since Jul 6, 2026. Share price −9.3% over the past month.

Below-average quality, and screening another 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹19.83). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹10.74 to ₹19.83) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

₹51.83 ₹5.10 Fair Value ₹15.34 Mar 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

41‑month range ₹5.10 – ₹51.83 · fair‑value band ₹10.74 – ₹19.83 · the ₹38.39 price screens above the ₹15.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sudarshan Pharma Industries Ltd (SUDARSHAN) currently trades at ₹38.39, while our model-based Fair Value estimate is ₹15.34, implying the stock looks roughly 60.0% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Sudarshan Pharma Industries Ltd generated revenue of ₹7.0B at a net margin of 3.3%. Revenue grew 36.7% year over year. It earns a return on equity of 16.2%. Net debt stands at ₹2.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹10.74 (bear case) to ₹19.83 (bull case); at ₹38.39, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 108% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -55% fair-value upside, at -60%, SUDARSHAN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹6.15 ₹7.94 ₹20.78 76
ROIC Compounder ₹15.26 ₹21.94 ₹31.10 72
Growth-Adj P/E ₹14.54 ₹20.77 ₹27.00 68
All 14 models by family
Earnings-Based
Graham-Dodd ₹6.35 ₹38.55 ₹53.76 54
Lynch FV ₹11.02 ₹15.75 ₹20.47 50
PEG = 1.0 ₹11.02 ₹15.75 ₹20.47 46
EPV ₹12.58 ₹14.74 ₹16.60 59
Multiples
P/E Multiple ₹11.90 ₹15.87 ₹19.83 63
P/S Multiple ₹11.90 ₹15.87 ₹19.83 58
P/B Multiple ₹11.90 ₹15.87 ₹19.83 55
EV/EBIT ₹18.90 ₹25.56 ₹32.22 53
EV/EBITDA ₹14.32 ₹19.46 ₹24.60 54
EV/Revenue ₹16.23 ₹23.66 ₹31.08 43
Asset-Based
NCAV (Graham) ₹3.13 ₹4.20 ₹6.26 50
Economic Profit
Residual Income ₹6.15 ₹7.94 ₹20.78 76
ROIC Compounder ₹15.26 ₹21.94 ₹31.10 72
Growth Earnings
Growth-Adj P/E ₹14.54 ₹20.77 ₹27.00 68

Widest divergence: Growth Earnings (₹20.77) versus Asset-Based (₹4.20). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹7.0B
Revenue growth (YoY) +36.7%
Net margin 3.3%
Return on equity 16.2%
Free cash flow −₹714M FY2026
P/E ratio 39.6
More key figures
Operating margin 8.7%
EPS (TTM) ₹0.9700
EPS growth (YoY) +62.1%
Net debt ₹2.8B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 34 · Market factors (momentum, volatility) 68

Profitability 45
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sudarshan Pharma Industries Limited manufactures and sells specialty chemicals and intermediates for pharma, agro chemicals, coating, and various other industries in India. The company also focuses on manufactures active pharmaceuticals ingredients and vitamins manufacturing.

Full company description

Sudarshan Pharma Industries Limited manufactures and sells specialty chemicals and intermediates for pharma, agro chemicals, coating, and various other industries in India. The company also focuses on manufactures active pharmaceuticals ingredients and vitamins manufacturing. It also offers fine chemicals, solvents, agro chemicals, finish lubricants, inks, food colors, leather chemicals, oil field chemicals, lubricant specialties, paints and coatings, paper chemicals, personal and community hygiene products, pigments, polymers and additives, press room chemicals, sugar chemicals, textile chemicals, water treatment chemicals, rust preventives, metalworking fluids, PU additives, and other specialty chemicals. In addition, the company offers antibiotics, antifungal, anthelmintic medications, antihypertensive, anti-diabetic drugs, analgesics, neurotonics, antihistamines, and cough syrups, as well as manufactures and supplies chemicals and solvents. Further, it engages in the contract manufacturing and outsourcing and supply of generic pharma formulation and medicines to healthcare institution, government, NGO, and hospitals. The company also exports its products to the United Kingdom, Australia, Uzbekistan, Syria, Oman, Taiwan, the Middle East, and North Africa regions. Sudarshan Pharma Industries Limited was incorporated in 2008 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sudarshan Pharma Industries Ltd reported revenue of ₹7.0B in FY2026 versus ₹3.6B in FY2022, a compound +18.5%/yr. Reported net income was ₹233M in FY2026, compounding +45.2%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹7.0B
Latest YoY
+39.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.1%
Revenue +18.5%/yr
FY22 ₹3.6B
FY23 ₹4.6B
FY24 ₹4.6B
FY25 ₹5.1B
FY26 ₹7.0B
Net income +45.2%/yr
FY22 ₹52.5M
FY23 ₹70.4M
FY24 ₹115M
FY25 ₹150M
FY26 ₹233M

SUDARSHAN screens 60% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Sudarshan Pharma Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SUDARSHAN

Peer Group

Chemicals · 332 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 36 · Bottom 25%
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth 37% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 39.6× · Pricier than median
P/B 6.31× · Pricier than 75% of peers
P/S (TTM) 1.40× · Pricier than median
EV/EBITDA 19.7× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 19
PAST65 · sector 20
HEALTH91 · sector 94
DIVIDEND1 · sector 32

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 467.04 MXN -55%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR -15%
LG Chem, Ltd 051910 275,500 KRW 587,755 KRW +113%
SRF Limited 503806 ₹2,609 ₹749.17 -71%
542812 542812 ₹4,709 ₹791.05 -83%
Navin Fluorine International Limited NAVINFLUOR ₹8,357 ₹2,146 -74%
Deepak Nitrite Limited DEEPAKNI ₹1,768 ₹824.05 -53%
523642 523642 ₹2,484 ₹1,745 -30%
506285 506285 ₹4,048 ₹1,589 -61%
Kansai Nerolac Paints Limited 500165 ₹209.25 ₹80.51 -62%

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Frequently asked questions

Is Sudarshan Pharma Industries Ltd (SUDARSHAN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹15.34 versus a price of ₹38.39, about −60% (overvalued).
What is the fair value of SUDARSHAN?
Our model-based fair value for Sudarshan Pharma Industries Ltd is ₹15.34 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹38.39.
What is the quality score of SUDARSHAN?
Sudarshan Pharma Industries Ltd has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sudarshan Pharma Industries Ltd (SUDARSHAN)?
Sudarshan Pharma Industries Ltd reported trailing-twelve-month revenue of about ₹7.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SUDARSHAN?
The net profit margin of Sudarshan Pharma Industries Ltd is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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