SUMICHEM - SUMITOMO CHEMICAL INDIA LIMITED Share Price

Fertilizers & Agrochemicals

₹510.05-2.75(-0.54%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does SUMITOMO CHEMICAL INDIA LIMITED do?

Pesticides & Agrochemicals•Chemicals•Small Cap

Sumitomo Chemical India Limited engages in the manufacture and sale of household and public health insecticides, agricultural pesticides, and animal nutrition products in India and internationally. It also offers crop protection products, such as insecticides, herbicides, fungicides, and miticides; animal nutrition and plant growth regulators; fumigants and rodenticides; weedicides; and biological products. The company exports its products. Sumitomo Chemical India Limited was incorporated in 2000 and is headquartered in Mumbai, India. The company is a subsidiary of Sumitomo Chemical Company Limited.

Industry Group:Fertilizers & Agrochemicals

Employees:1,649

Website:www.sumichem.co.in

Valuation
Market Cap	25.46 kCr
Price/Earnings (Trailing)	49.29
Price/Sales (Trailing)	7.81
EV/EBITDA	33.16
Price/Free Cashflow	36.75
MarketCap/EBT	36.58

Fundamentals
Revenue (TTM)	3.26 kCr
Rev. Growth (Yr)	18.33%
Rev. Growth (Qtr)	-33.97%
Earnings (TTM)	516.55 Cr
Earnings Growth (Yr)	59.76%
Earnings Growth (Qtr)	-54.59%

Profitability
Operating Margin	21.36%
EBT Margin	21.36%
Return on Equity	19.01%
Return on Assets	13.44%
Free Cashflow Yield	2.72%

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: SUMICHEM vs Fertilizers & Agrochemicals

Comprehensive comparison against sector averages

Comparative Metrics

SUMICHEM metrics compared to Fertilizers

Category	SUMICHEM	Fertilizers
PE	49.55	54.03
PS	7.86	2.35
Growth	12.1 %	4.4 %

Performance Comparison

SUMICHEM vs Fertilizers (2021 - 2025)

Key Insights

1. SUMICHEM is among the Top 5 Pesticides & Agrochemicals companies by market cap.
2. The company holds a market share of 3.9% in Pesticides & Agrochemicals.
3. In last one year, the company has had an above average growth that other Pesticides & Agrochemicals companies.

Summary of Latest Earnings Report from SUMITOMO CHEMICAL INDIA

Summary of SUMITOMO CHEMICAL INDIA's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Jun 24

The management of Sumitomo Chemical India Limited provided a cautiously optimistic outlook for FY25, emphasizing recovery in the agrochemical sector driven by favorable monsoon forecasts and strategic initiatives. Key points include:

Market Recovery: Expect normalization in demand due to improved weather (IMD predicts above-normal rainfall) and stabilization in global agrochemical markets, including LatAm.
Operational Focus: Aim to recover lost FY24 revenue through volume growth (vs. price-led recovery) and demand generation for new products. Margins are expected to remain stable due to procurement efficiencies, cost controls, and disciplined pricing.
New Products: Launched 6 new products (3 herbicides, 1 insecticide, 2 fungicides) in FY24, with plans to scale sales. Additional 3"“4 proprietary products targeting Kharif/Rabi seasons are in the pipeline.
Manufacturing Expansion: Two "Make in India" projects (Bhavnagar, Tarapur) started commercialization; ramp-up expected in FY25. Dahej plant awaits environmental clearance (target: end-2024) for future proprietary products.
Exports: Global recovery slower but progressing; Bhavnagar plant to operate at full capacity (exports), while Tarapur's utilization delayed to FY26 due to global inventory adjustments.
Cost Discipline: Maintained gross margins (41.7% in Q4) via liquidation of high-cost inventory and procurement strategies. Working capital days reduced by 33 through inventory/collection efficiency.
Sustainability & Diversification: Expanding renewable energy adoption and exploring non-agro segments (e.g., IT chemicals, seeds) via parent company collaborations.
Capex: INR 250"“300 crore planned for new projects, funded internally.

The management remains confident in India's growth potential and long-term leadership in agrochemicals, balancing near-term challenges with strategic investments.

Q&A Session

Last updated: Jun 24

Major Questions and Answers from Sumitomo Chemical India Limited Q4 and FY24 Earnings Call

Question: What guidance can be provided for FY25? Will the company surpass its past peak performance?
Answer: The focus is on increasing product volumes rather than revenue targets due to significant price declines (25"“30% in generics). Recovery depends on monsoon conditions and demand normalization. Gross margins are expected to remain stable barring geopolitical disruptions.
Question: What is Barrix's performance, and what were its FY24 numbers?
Answer: Barrix, acquired in December 2023, contributed ~INR 10"“12 crore in FY24. Growth is expected in FY25 as its eco-friendly pest-control products gain traction.
Question: What drove the sharp Q4 gross margin expansion (41.7%)?
Answer: Improved product mix, liquidation of high-cost inventory by August 2023, procurement of cheaper raw materials, and disciplined cost controls. Margins are sustainable if input prices remain stable.
Question: How are global agrochemical demand and exports performing?
Answer: Domestic recovery is prioritized due to IMD's above-normal monsoon forecast. LatAm markets face weather-related challenges, but stabilization is expected. Exports (20% of revenue) face pricing pressure but show gradual recovery.
Question: Update on capex projects (Bhavnagar, Tarapur, Dahej) and revenue potential.
Answer:
- Bhavnagar: Operating at full capacity for exports.
- Tarapur: Delayed ramp-up due to global inventory glut; full utilization expected by FY26.
- Dahej: Environmental clearance pending; production likely by 2026. Capex (~INR 250"“300 crore) will be funded internally.
Question: Why the delay in new molecule approvals from the parent company?
Answer: Sumitomo Japan is cautious about commoditization risks post-COVID. India remains a strategic manufacturing hub, with proprietary, high-margin products prioritized for Dahej.
Question: Plans to diversify into non-agrochemical segments (e.g., electronics)?
Answer: Preliminary discussions with SCC Japan about IT chemicals and seeds. Skill development and partnerships are under evaluation, but no immediate commitments.
Question: Sustainability of Q4 gross margins (41.7%) in FY25?
Answer: Margins reflect normalized operations post high-cost inventory liquidation. Stability depends on stable input prices and monsoon-driven demand.
Question: Volume vs. price decline breakdown in FY24.
Answer: Domestic generics saw 8"“9% volume decline and 25"“30% price erosion. Specialty products had minimal price drops (~2%) but 8"“9% volume decline.
Question: New product launches and contributions in FY25.
Answer: Three 9(3) proprietary products launched in FY24 (herbicides, insecticides, fungicides). FY25 targets include 8"“10% revenue contribution from new launches, pending regulatory approvals.
Question: Working capital outlook after FY24 improvements.
Answer: Inventory/receivable days reduced by 33 days in FY24. FY25 may see slight loosening to support volume growth but discipline will remain.
Question: Update on renewable energy adoption.
Answer: Targeting 100% green power by FY25-end via solar installations, saving ~INR 4/unit. Capex of ~INR 25 crore allocated.

Shareholder Name	Holding %
Sumitomo Chemical Co. Ltd.	75%
Hsbc Small Cap Fund	1.09%

Balance Sheet for SUMITOMO CHEMICAL INDIA

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	13.3%	52	46	50	47	80	57
Current investments	57.7%	545	346	587	239	311	356
Loans, current	-5%	172	181	0.7	0.51	0.37	0.47
Total current financial assets	24.5%	2,413	1,939	2,275	1,773	1,910	1,453
Inventories	-7.8%	558	605	562	889	818	938
Total current assets	16.6%	3,082	2,644	2,942	2,788	2,864	2,522
Property, plant and equipment	-3.5%	445	461	450	393	379	350
Capital work-in-progress	152.9%	8.51	3.97	23	53	23	21
Goodwill	-	0	0	28	0	0	0
Non-current investments	0%	79	79	0.63	0.63	0.63	0.63
Loans, non-current	1707.2%	106	6.81	0.72	0.65	0.68	0.75
Total non-current financial assets	108.8%	191	92	23	37	105	31
Total non-current assets	13.8%	733	644	586	581	590	488
Total assets	16%	3,814	3,287	3,528	3,369	3,455	3,009
Total non-current financial liabilities	7.1%	16	15	16	54	17	25
Provisions, non-current	37.5%	34	25	23	0	7.34	22
Total non-current liabilities	17.7%	74	63	57	54	42	61
Total current financial liabilities	29.1%	933	723	875	875	1,078	932
Provisions, current	-14.2%	8.35	9.57	8.24	6.31	19	7.16
Current tax liabilities	8225%	40	0.52	9.22	2.84	44	4.74
Total current liabilities	31%	1,027	784	946	935	1,196	1,024
Total liabilities	30.1%	1,102	847	1,003	989	1,237	1,085
Equity share capital	0%	499	499	499	499	499	499
Total equity	11.2%	2,713	2,440	2,525	2,380	2,217	1,924
Total equity and liabilities	16%	3,814	3,287	3,528	3,369	3,455	3,009

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	13%	53	47	51	47	81	57
Current investments	57.7%	545	346	587	239	311	356
Loans, current	-5%	172	181	0.7	0.51	0.37	0.47
Total current financial assets	24.3%	2,439	1,963	2,276	1,773	1,910	1,453
Inventories	-7.6%	564	610	562	889	818	938
Total current assets	16.5%	3,114	2,673	2,943	2,788	2,865	2,522
Property, plant and equipment	-3.2%	451	466	450	393	379	350
Capital work-in-progress	152.9%	8.51	3.97	23	53	23	21
Goodwill	-3.3%	60	62	28	0	0	0
Non-current investments	0%	0.12	0.12	0.12	0.12	0.12	0.12
Loans, non-current	1707.2%	106	6.81	0.72	0.65	0.68	0.75
Total non-current financial assets	761.5%	113	14	22	37	104	31
Total non-current assets	13.8%	728	640	585	581	590	488
Total assets	16%	3,843	3,313	3,528	3,369	3,455	3,010
Total non-current financial liabilities	0%	19	19	16	54	17	25
Provisions, non-current	40%	36	26	23	0	7.34	22
Total non-current liabilities	16.4%	79	68	57	54	42	61
Borrowings, current	-18.4%	0.42	0.51	0	0	0	0
Total current financial liabilities	28.5%	947	737	874	873	1,076	930
Provisions, current	-8.4%	9.24	10	8.24	6.31	19	7.16
Current tax liabilities	8397.9%	40	0.53	9.22	2.84	44	4.74
Total current liabilities	30.6%	1,046	801	946	933	1,194	1,021
Total liabilities	29.6%	1,126	869	1,002	987	1,235	1,082
Equity share capital	0%	499	499	499	499	499	499
Non controlling interest	12.1%	3.22	2.98	0	0	0	0
Total equity	11.1%	2,717	2,445	2,526	2,382	2,220	1,927
Total equity and liabilities	16%	3,843	3,313	3,528	3,369	3,455	3,010

Investor Care
Dividend Yield	1.49%
Dividend/Share (TTM)	7.1
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	0.00

Financial Health
Current Ratio	2.98
Debt/Equity	0
Debt/Cashflow	1.82 K

Cash Flow for SUMITOMO CHEMICAL INDIA

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-14.1%	4.77	5.39	6.16
Change in inventories	487.5%	283	49	-183.95
Depreciation	17.6%	61	52	45
Unrealised forex losses/gains	32.8%	0.08	-0.37	-3.02
Dividend income	82.4%	0.85	0.15	9.14
Adjustments for interest income	141.7%	59	25	10
Net Cashflows from Operations	58.7%	885	558	366
Income taxes paid (refund)	-23.4%	129	168	143
Net Cashflows From Operating Activities	94.6%	756	389	223
Cashflows used in obtaining control of subsidiaries	-	78	0	0
Proceeds from sales of PPE	23.1%	0.5	0.35	1.06
Purchase of property, plant and equipment	-50.4%	60	120	114
Proceeds from sales of investment property	19.9%	1,594	1,330	597
Purchase of investment property	24.2%	1,928	1,552	780
Purchase of intangible assets	-	0.1	0	0
Purchase of intangible assets under development	-	0.99	0	0
Dividends received	82.4%	0.85	0.15	9.14
Interest received	246.2%	46	14	5.89
Net Cashflows From Investing Activities	-30.2%	-426	-327.05	-280.81
Payments of lease liabilities	-5%	20	21	21
Dividends paid	530.6%	310	50	40
Interest paid	-35.2%	1.35	1.54	1.45
Net Cashflows from Financing Activities	-351.7%	-331.18	-72.54	-62.55
Net change in cash and cash eq.	82.2%	-0.99	-10.18	-120.17

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-6.4%	5.11	5.39	6.17
Change in inventories	477.1%	278	49	-183.4
Depreciation	19.6%	62	52	45
Unrealised forex losses/gains	0%	-0.13	-0.13	-3.36
Adjustments for interest income	141.7%	59	25	10
Net Cashflows from Operations	59.7%	889	557	364
Income taxes paid (refund)	-23.4%	129	168	143
Net Cashflows From Operating Activities	95.6%	760	389	222
Proceeds from sales of PPE	7.7%	0.4	0.35	1.06
Purchase of property, plant and equipment	-45.4%	66	120	114
Proceeds from sales of investment property	19.9%	1,594	1,330	597
Purchase of investment property	25.1%	1,941	1,552	780
Purchase of intangible assets	-	2.22	0	0
Purchase of intangible assets under development	-	0.99	0	0
Purchase of goodwill	-	62	0	0
Interest received	246.2%	46	14	5.89
Net Cashflows From Investing Activities	-31.8%	-431.72	-327.2	-290.2
Proceeds from borrowings	-	0.51	0	0
Payments of lease liabilities	-5%	20	21	21
Dividends paid	530.6%	310	50	40
Interest paid	-3.7%	1.52	1.54	1.45
Other inflows (outflows) of cash	-	2.88	0	0
Net Cashflows from Financing Activities	-347.8%	-328.31	-72.54	-62.64
Net change in cash and cash eq.	88.9%	-0.26	-10.36	-131.06

Income Statement for SUMITOMO CHEMICAL INDIA

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	-19.3%	2,833	3,511	3,064	2,643	2,423
Other Income	115.9%	96	45	36	19	11
Total Income	-17.6%	2,929	3,556	3,100	2,662	2,434
Cost of Materials	-24.5%	1,403	1,857	1,848	1,565	1,287
Purchases of stock-in-trade	4.9%	280	267	231	208	190
Employee Expense	4.2%	226	217	201	193	178
Finance costs	-14.1%	4.77	5.39	6.16	5.56	5.51
Depreciation and Amortization	17.6%	61	52	45	47	41
Other expenses	1.4%	361	356	354	309	305
Total Expenses	-16.4%	2,425	2,901	2,514	2,208	2,136
Profit Before exceptional items and Tax	-23.2%	503	655	586	453	298
Exceptional items before tax	-	0	0	0	0	-30.89
Total profit before tax	-23.2%	503	655	586	453	267
Current tax	-26.5%	123	167	143	102	75
Deferred tax	1824.1%	11	0.42	8.87	6.13	-13.66
Total tax	-20.4%	134	168	152	108	62
Total profit (loss) for period	-24.2%	370	488	434	345	206
Other comp. income net of taxes	-183.5%	0.14	2.03	2.72	1.29	-6.02
Total Comprehensive Income	-24.5%	370	490	436	347	200
Earnings Per Share, Basic	-29.5%	7.41	10.09	8.69	6.92	4.12
Earnings Per Share, Diluted	-29.5%	7.41	10.09	8.69	6.92	4.12

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-36%	622	971	832	664	540	903
Other Income	0%	31	31	26	27	27	25
Total Income	-34.8%	654	1,002	858	691	567	928
Cost of Materials	-26.7%	328	447	383	389	230	338
Purchases of stock-in-trade	-8.1%	80	87	76	77	78	55
Employee Expense	3.3%	63	61	62	55	53	59
Finance costs	2350%	1.49	1.02	0.97	1.02	1.17	1.24
Depreciation and Amortization	21.4%	18	15	14	16	16	16
Other expenses	-13.3%	92	106	98	80	95	100
Total Expenses	-27.4%	541	745	685	543	492	732
Profit Before exceptional items and Tax	-56.2%	113	257	173	149	76	196
Total profit before tax	-56.2%	113	257	173	149	76	196
Current tax	-58.5%	28	66	44	35	18	49
Deferred tax	9.8%	0.26	0.18	0.59	4.04	2.33	3.37
Total tax	-58.5%	28	66	44	39	21	52
Total profit (loss) for period	-56.3%	84	191	128	109	55	144
Other comp. income net of taxes	99.1%	0.97	-2.4	0.51	0.34	0.66	-0.72
Total Comprehensive Income	-55.1%	85	188	129	110	56	143
Earnings Per Share, Basic	-75.5%	1.69	3.82	2.57	2.19	1.1	2.88
Earnings Per Share, Diluted	-	0	0	0	2.19	0	0

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	-19%	2,844	3,511	3,065	2,645	2,425
Other Income	115.9%	96	45	27	19	11
Total Income	-17.3%	2,940	3,556	3,091	2,663	2,435
Cost of Materials	-24.2%	1,407	1,857	1,848	1,565	1,287
Purchases of stock-in-trade	4.9%	280	267	231	209	191
Employee Expense	6.5%	232	218	202	194	179
Finance costs	-6.4%	5.11	5.39	6.17	5.56	5.51
Depreciation and Amortization	19.6%	62	52	45	47	41
Other expenses	2%	362	355	355	308	305
Total Expenses	-16%	2,437	2,902	2,516	2,210	2,138
Profit Before exceptional items and Tax	-23.1%	503	654	576	453	297
Exceptional items before tax	-	0	0	0	0	-30.89
Total profit before tax	-23.1%	503	654	576	453	267
Current tax	-26.5%	123	167	143	102	75
Deferred tax	155%	10	-15.37	8.87	6.13	-13.66
Total tax	-12.6%	133	152	152	108	62
Total profit (loss) for period	-26.3%	370	502	424	345	205
Other comp. income net of taxes	-208.6%	-0.39	2.28	2.38	1.6	-5.11
Total Comprehensive Income	-26.8%	369	504	426	347	200
Earnings Per Share, Basic	-29.4%	7.4	10.06	8.49	6.92	4.1
Earnings Per Share, Diluted	-	0	0	8.49	6.92	4.1

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-35.1%	642	988	839	674	542	903
Other Income	0%	31	31	26	27	27	25
Total Income	-34.1%	673	1,020	865	701	569	928
Cost of Materials	-26.3%	334	453	385	392	231	338
Purchases of stock-in-trade	-8.1%	80	87	76	77	78	55
Employee Expense	3.1%	68	66	66	59	54	59
Finance costs	259.1%	1.79	1.22	1.19	1.31	1.22	1.24
Depreciation and Amortization	20%	19	16	15	17	16	16
Other expenses	-12%	96	109	100	82	96	100
Total Expenses	-26.7%	557	760	694	552	494	733
Profit Before exceptional items and Tax	-55.6%	116	260	171	149	75	195
Total profit before tax	-55.6%	116	260	171	149	75	195
Current tax	-58.5%	28	66	44	35	18	49
Deferred tax	-112.5%	0.83	0.92	0.77	3.57	2.33	3.37
Total tax	-57.6%	29	67	44	39	21	52
Total profit (loss) for period	-55.2%	87	193	127	110	55	143
Other comp. income net of taxes	103.1%	1.11	-2.51	0.39	-0.01	0.65	-0.85
Total Comprehensive Income	-53.4%	89	190	127	110	55	143
Earnings Per Share, Basic	-74%	1.74	3.85	2.54	2.2	1.1	2.87
Earnings Per Share, Diluted	-	0	0	0	0	0	0

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
SRF	SRFSpecialty Chemicals	90.12 kCr	14.07 kCr	+2.56%	+12.47%	78.58	6.4	+4.78%	-22.29%
COROMANDEL	Coromandel InternationalFertilizers	65.92 kCr	23.33 kCr	+11.21%	+97.99%	40.19	2.83	-2.06%	-4.82%
UPL	UPLPesticides & Agrochemicals	57.28 kCr	45.65 kCr	+1.45%	+30.83%	-168.96	1.25	-1.10%	+52.79%
PIIND	PI IndustriesPesticides & Agrochemicals	55.36 kCr	8.26 kCr	+4.55%	-4.58%	32.58	6.7	+7.42%	+6.69%
BAYERCROP	Bayer CropSciencePesticides & Agrochemicals	23.1 kCr	5.08 kCr	+0.87%	-12.12%	34.67	4.54	-3.78%	-15.04%

SUMICHEM - SUMITOMO CHEMICAL INDIA LIMITED Share Price

What does SUMITOMO CHEMICAL INDIA LIMITED do?

Valuation

Fundamentals

Profitability

Sector Comparison: SUMICHEM vs Fertilizers & Agrochemicals

Comparative Metrics

Performance Comparison

Summary of Latest Earnings Report from SUMITOMO CHEMICAL INDIA

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Balance Sheet for SUMITOMO CHEMICAL INDIA

Investor Care

Financial Health

Cash Flow for SUMITOMO CHEMICAL INDIA

Income Statement for SUMITOMO CHEMICAL INDIA

Is SUMITOMO CHEMICAL INDIA Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)