Shankar Lal Rampal Dye-Chem Limited (SRD)

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Shankar Lal Rampal Dye-Chem Limited (SRD) · mywealthgrid

About

Shankar Lal Rampal Dye-Chem Limited is a small-cap trading company in chemicals and dyes within India's Materials sector. With a market cap of ₹262.72 Cr and recent quarterly revenues of ₹90–₹140 Cr, it operates a capital-light model with low debt (D/E 0.21). Profitability is driven by market conditions, trading volumes, and operational efficiency in a cyclical commodity business.

Face value: ₹10

Market cap

₹244 Cr

P/E

13.2×

P/B

2.0×

Dividend yield

0.3%

ROE

11.6%

ROCE

16.6%

Debt / equity

0.21

OPM

4.2%

EPS (TTM)

₹2.9

Book value

₹19.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability highly volatile: Net profit swung from ₹2.08 Cr (Dec 2025) to ₹9.19 Cr (Jun 2026) — a 4.4x range. Verify what drives these swings and whether they reflect normal trading cycles or fundamental instability.
Thin margins provide limited buffer: Average OPM 4.18% with lows at 2.95% (Q3 FY25) leave minimal cushion for cost inflation or competitive pressure. Verify the company's cost management levers and pricing power.
Significant stock erosion: -47.65% return over 1 year; trading at ₹41.05 near 52-week low (₹36.64). Verify what prompted this decline and whether market fundamentals have deteriorated.
Low institutional ownership: FII 0.04%, DII 0% — verify liquidity conditions and whether this affects trading or valuation.

Generated analysis · source review pending

Growth drivers

Jun 2026 delivered ₹135.55 Cr revenue and 9.38% OPM (highest in dataset); if sustained, this implies ₹9+ Cr quarterly profit and higher annual earnings.
Net profit upside range: Jun 2026's ₹9.19 Cr net profit vs Dec 2025's ₹2.08 Cr low shows 4.4x profit potential — verify if recent strength indicates demand recovery or cyclical upturn.
Low debt (D/E 0.21) allows investment in working capital or inventory expansion if market demand for chemicals improves — verify if management plans to scale capacity.

Generated analysis · source review pending

1,425 historical price candles were omitted because the exchange source has not been verified.

₹38.1-1.8%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 21.2% over the last 5 years
+Comfortable interest coverage of 16.7×
+High promoter holding of 73.6% with no pledge

Cons

−Low return on equity of 9.8% (3-yr avg)
−Thin operating margin of 4.2%
−Low dividend payout of 3.5% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 51
Growth: 51
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Uniphos Enterprises LimitedUNIENTERUNIENTER	₹605 Cr	₹605 Cr	₹26 Cr	₹-4 Cr	-11.7%	₹20 Cr	64.7%	0.8%	0.8%	-12
Veritas (India) LtdVERITASVERITAS	₹397 Cr	₹827 Cr	₹3,113 Cr	₹85 Cr	2.7%	₹20 Cr	0.6%	1.5%	0.7%	110
Vinyl Chemicals (India) LimitedVINYLINDIAVINYLINDIA	₹392 Cr	₹393 Cr	₹601 Cr	₹12 Cr	1.7%	₹19 Cr	2.5%	17.1%	12.8%	32
Evexia Lifecare LtdEVEXIAEVEXIA	₹377 Cr	₹380 Cr	₹110 Cr	₹3 Cr	2.6%	₹2 Cr	1.5%	0.3%	0.4%	93
Bhavik Enterprises LtdBHAVIKBHAVIK	₹334 Cr	—	₹628 Cr	₹17 Cr	2.7%	₹14 Cr	2.2%	—	—	—
Shiv Texchem LtdSHIVTEXCHEMSHIVTEXCHEM	₹269 Cr	—	₹2,776 Cr	₹136 Cr	4.9%	₹78 Cr	2.8%	—	—	—
A-1 LtdA1LA1L	₹263 Cr	₹304 Cr	₹343 Cr	₹12 Cr	3.5%	₹6 Cr	1.8%	18.4%	11.5%	78
Shankar Lal Rampal Dye-Chem LimitedSRDSRD	₹244 Cr	₹269 Cr	₹478 Cr	₹26 Cr	4.2%	₹18 Cr	2.9%	16.6%	11.6%	87
Mysore Petro Chemicals LtdMYSORPETROMYSORPETRO	₹79 Cr	₹79 Cr	₹33 Cr	₹-6 Cr	-17.8%	₹21 Cr	22.3%	1.4%	3.4%	86
Aureate Tradde LtdAUREATEAUREATE	₹64 Cr	—	₹150 Cr	₹9 Cr	6%	₹5 Cr	3.5%	—	—	—
Yash Chemex LtdYASHCHEMYASHCHEM	₹53 Cr	₹69 Cr	₹144 Cr	₹1 Cr	0.9%	₹2 Cr	1.7%	7.6%	5.1%	148
Laffans Petrochemicals LtdLAFFANSQLAFFANSQ	₹23 Cr	₹24 Cr	₹8 Cr	₹-2 Cr	-44.7%	₹2 Cr	8.3%	0.4%	0.6%	-11

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	178	303	323	288	402	465
COGS	160	259	289	271	379	437
Gross profit	18	44	34	16	23	28
	6	7	12	7	6	8
	12	37	22	9	16	19
OPM %	6.8%	12.3%	6.8%	3.3%	4.1%	4.2%
Depreciation	0	0	0	0	0	0
Interest	1	1	1	1	1	1
	0	0	0	0	0	0
Profit before tax	11	36	21	9	15	18
Tax	3	9	5	2	4	5
Tax %	29.2%	24.4%	25.3%	27.4%	26.2%	25.7%
	8	27	16	7	11	13
PAT margin %	4.3%	8.9%	4.9%	2.3%	2.8%	2.9%
EPS (₹)	7.2	12.7	2.5	1	1.8	2.1
EPS adjusted (₹)	1.2	4.2	2.5	1	1.8	2.1
	1.4%	0.4%	2%	4.9%	2.8%	2.4%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	8	11	21	64	64	64	64
Reserves	34	39	55	28	35	46	59
Minority interest	—	0	—	—	—	—	—
	16	13	21	16	6	18	25
	2	3	8	2	1	1	8
Total equity & liabilities	60	65	105	110	106	129	157
	1	1	1	1	1	1	1
CWIP	—	—	—	—	—	0	0
Investments	0	0	0	0	0	0	0
	59	65	105	109	104	128	155
Total assets	60	65	105	110	106	129	157

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	-17	15	6	-13	-7
	-0	-0	-0	-0	0	-0
	-5	7	-6	-11	10	6
Net cash flow	5	-10	8	-5	-2	-1
Free cash flow	10	-17	14	5	-13	-7
CFO / Operating profit %	83.3%	-45.7%	66.4%	62.3%	-76.6%	-36.3%

Compounded sales growth

7 years: —
5 years: 21%
3 years: 13%
1 year: 16%

Compounded profit growth

7 years: —
5 years: 12%
3 years: -5%
1 year: 18%

Return on equity

7 years: —
5 years: 16%
3 years: 9%
Last year: 11%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	10%	14.5%	10.5%	5.7%	5.7%	6%
EBITDA margin %	6.8%	12.3%	6.8%	3.3%	4.1%	4.2%
EBIT margin %	6.8%	12.3%	6.8%	3.2%	4.1%	4.2%
PAT margin %	4.3%	8.9%	4.9%	2.3%	2.8%	2.9%
Working capital
Receivable days	65	91	75	73	69	80
Inventory days	15	9	13	13	12	12
Payable days	3	9	2	1	1	5
NWC days	76	91	86	85	80	87
Leverage
Current ratio	4.18	3.68	6.18	14.84	6.66	4.69
Debt to EBITDA	1.03	0.56	0.72	0.66	1.09	1.31
Debt to equity	0.25	0.27	0.17	0.06	0.16	0.21
Interest coverage	8.6	26.2	20.4	14.8	17.8	16.7
Asset turnover	2.72	2.88	2.94	2.72	3.12	2.97
Return ratios
Return on assets %	11.7%	25.7%	14.5%	6.2%	8.8%	8.6%
Return on capital employed %	24.5%	58.8%	26.5%	10%	15.7%	16.6%
Return on equity %	15.3%	35.2%	17.2%	6.6%	10.4%	11%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.51%	73.51%	73.84%	73.84%	73.84%	73.84%	73.61%	73.61%	73.61%	73.61%	73.61%	73.61%
	0%	0%	0%	0%	0%	0.02%	0.03%	0.21%	0.41%	0.14%	0.04%	0.04%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.49%	26.49%	26.16%	26.16%	26.16%	26.14%	26.36%	26.18%	25.98%	26.25%	26.35%	26.35%
No. of shareholders	—	—	—	—	—	—	—	—	14,848	14,286	13,944	13,797

Promoter holding up 0.1 percentage points since Sep 2023.

2 deals · 1 Jul 2025 – 1 Jul 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
1 Jul 2025	OMKAR MUNDHRA	Bulk	NSE	Buy	5,29,287	₹85.55	₹4.53 Cr
1 Jul 2025	OMKAR MUNDHRA	Bulk	NSE	Sell	4,85,997	₹85.07	₹4.13 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Rampal InaniExecutive Director-Chairperson related to Promoter-MD
Mr. Jagdish Chander InaniExecutive Director
Mr. Susheel Kumar InaniExecutive Director
Mr. Vinod Kumar InaniExecutive Director
Mr. Dinesh Chandra InaniExecutive Director
Mrs. Apoorva MaheshwariNon-Executive - Independent Director
Mr. Anil Kumar KabraNon-Executive - Independent Director
Mr. Harsh KabraNon-Executive - Independent Director
Mr. Sumit JainNon-Executive - Independent Director
Mrs. Rekha Rani NaraniwalNon-Executive - Independent Director
Aditi BabelCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Shankar Lal Rampal Dye-Chem Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

21 Sept 2026, 9:46 pmCompany Update

REAPPOINTMENT-RETIRE BY ROTATION-MR. VINOD KUMAR INANI, DIRECTOR

General PDF

21 Sept 2026, 9:44 pmCorp. Action

Announcement under Regulation 30 (LODR)-Dividend Updates

Dividend Updates PDF

21 Sept 2026, 9:40 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

21 Sept 2026, 9:37 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

19 Sept 2026, 8:43 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Aug 2026, 10:41 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

24 Aug 2026, 2:06 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

24 Aug 2026, 1:55 pmAGM/EGM

Annual General Meeting Notice- AGM To Be Held On 19/09/2026

AGM PDF

Date	Category	Subject	Filing
21 Sept 2026, 9:46 pm	Company Update General	REAPPOINTMENT-RETIRE BY ROTATION-MR. VINOD KUMAR INANI, DIRECTOR	PDF
21 Sept 2026, 9:44 pm	Corp. Action Dividend Updates	Announcement under Regulation 30 (LODR)-Dividend Updates

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Shankar Lal Rampal Dye-Chem Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Dividends8

Board meetings1

Bonus issues3

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

8

1

3