SADHNANIQ

Sadhana Nitrochem Limited

Chemical intermediates and performance chemicals manufacturer

Commodities›Chemicals›Chemicals & Petrochemicals›Commodity Chemicals

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Key metrics

Price as of 2026-10-19

Stock price
₹2.25
Market cap
682 Cr
Stock P/E
Loss (TTM EPS ₹-0.29)
P/B
1.47
Dividend yield
0.5%
ROE (FY26)
-19.0%
ROCE (FY26)
-10.8%
Operating margin (FY26)
-139.7%
Debt / equity (FY26)
0.24
OCF / EBITDA (3Y)
55.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Sadhana Nitrochem (Sadhana Nitro Chem) makes chemical intermediates, heavy organic chemicals and performance chemicals at a factory in Roha, Maharashtra, with export customers in the United States and Europe.

Company snapshot

18thBy market cap

Ranked among 24 companies in Commodity Chemicals.

What we see

Positives
  • ✓Debt-to-equity of 0.24x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales42 Cr44 Cr65 Cr36 Cr43 Cr37 Cr49 Cr28 Cr3 Cr10 Cr9 Cr27 Cr
Operating expenses (approx.)29 Cr33 Cr55 Cr26 Cr35 Cr26 Cr36 Cr26 Cr20 Cr25 Cr32 Cr25 Cr
EBITDA13 Cr11 Cr9 Cr10 Cr8 Cr11 Cr13 Cr2 Cr-17 Cr-15 Cr-23 Cr2 Cr
OPM %29.8%25.9%14.4%26.6%19.3%30.3%26.7%6.9%-628.9%-155.6%-250.5%8.5%
Other income-0.01 Cr0.77 Cr2 Cr0.29 Cr1 Cr0.49 Cr-0.12 Cr4 Cr-0.47 Cr1 Cr3 Cr4 Cr
Interest4 Cr4 Cr4 Cr4 Cr4 Cr5 Cr4 Cr4 Cr5 Cr7 Cr11 Cr3 Cr
Depreciation4 Cr4 Cr3 Cr4 Cr4 Cr3 Cr4 Cr5 Cr4 Cr4 Cr4 Cr3 Cr
Profit before tax4 Cr4 Cr4 Cr2 Cr1 Cr4 Cr5 Cr-2 Cr-26 Cr-25 Cr-34 Cr-0.09 Cr
Tax %39.0%76.6%87.5%65.2%75.0%30.6%17.5%5.4%1.7%-1.7%2.1%-511.1%
Net profit3 Cr0.93 Cr0.52 Cr0.62 Cr0.26 Cr3 Cr4 Cr-2 Cr-26 Cr-25 Cr-34 Cr-0.55 Cr
EPS (₹)₹0.10₹0.04₹0.02₹0.03₹0.01₹0.08₹0.12₹-0.07₹-0.78₹-0.76₹-0.78₹0.00

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales267 Cr106 Cr103 Cr132 Cr143 Cr190 Cr166 Cr50 CrSign in free for the trailing twelve months
Operating expenses (approx.)147 Cr77 Cr80 Cr117 Cr122 Cr149 Cr123 Cr103 CrSign in free for the trailing twelve months
EBITDA121 Cr29 Cr23 Cr15 Cr21 Cr41 Cr42 Cr-53 CrSign in free for the trailing twelve months
OPM %45.1%27.4%22.7%11.1%14.8%21.6%25.6%-106.8%Sign in free for the trailing twelve months
Other income1 Cr2 Cr5 Cr5 Cr2 Cr4 Cr2 Cr9 CrSign in free for the trailing twelve months
Interest12 Cr3 Cr3 Cr5 Cr10 Cr17 Cr18 Cr26 CrSign in free for the trailing twelve months
Depreciation3 Cr6 Cr6 Cr6 Cr8 Cr15 Cr15 Cr16 CrSign in free for the trailing twelve months
Profit before tax107 Cr22 Cr19 Cr9 Cr6 Cr13 Cr12 Cr-87 CrSign in free for the trailing twelve months
Tax %29.0%34.4%14.6%30.2%44.1%68.2%34.3%1.0%Sign in free for the trailing twelve months
Net profit76 Cr15 Cr16 Cr6 Cr3 Cr4 Cr8 Cr-86 CrSign in free for the trailing twelve months
EPS (₹)₹40.65₹1.57₹1.14₹0.32₹0.16₹0.17₹0.23₹-2.01Sign in free for the trailing twelve months
Dividend payout %——0.0%0.0%93.0%89.7%49.1%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital9 Cr9 Cr14 Cr20 Cr20 Cr25 Cr33 Cr296 Cr
Reserves96 Cr107 Cr116 Cr141 Cr206 Cr202 Cr248 Cr158 Cr
Borrowings12 Cr46 Cr80 Cr106 Cr132 Cr221 Cr235 Cr109 Cr
Other liabilities60 Cr54 Cr62 Cr120 Cr108 Cr84 Cr121 Cr95 Cr
Total liabilities177 Cr216 Cr272 Cr386 Cr466 Cr532 Cr637 Cr658 Cr
Fixed assets (net)70 Cr78 Cr72 Cr68 Cr144 Cr156 Cr147 Cr161 Cr
CWIP2 Cr15 Cr23 Cr65 Cr25 Cr53 Cr100 Cr78 Cr
Investments5 Cr6 Cr6 Cr7 Cr6 Cr6 Cr3 Cr0 Cr
Loans & advances0.11 Cr0.03 Cr0.11 Cr3 Cr3 Cr0.92 Cr1 Cr0.20 Cr
Inventories41 Cr52 Cr66 Cr101 Cr116 Cr115 Cr135 Cr98 Cr
Trade receivables16 Cr29 Cr49 Cr41 Cr66 Cr126 Cr122 Cr133 Cr
Cash & bank9 Cr0.58 Cr11 Cr6 Cr1 Cr0.18 Cr0.13 Cr14 Cr
Other assets34 Cr36 Cr45 Cr95 Cr106 Cr75 Cr128 Cr174 Cr
Total assets177 Cr216 Cr272 Cr386 Cr466 Cr532 Cr637 Cr658 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity53 Cr-17 Cr0.66 Cr-5 Cr-38 Cr-2 Cr48 Cr-29 Cr
Cash from investing-25 Cr-22 Cr-23 Cr-39 Cr-53 Cr-65 Cr-89 Cr-46 Cr
Cash from financing-23 Cr30 Cr30 Cr46 Cr72 Cr41 Cr25 Cr93 Cr
Net cash flow5 Cr-9 Cr7 Cr2 Cr-19 Cr-26 Cr-16 Cr18 Cr
Free cash flow (OCF − Capex)32 Cr-39 Cr-8 Cr-43 Cr-80 Cr-68 Cr-46 Cr-93 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %101.7%15.5%10.5%5.1%4.3%6.7%5.6%-10.8%
ROE %72.1%12.6%12.3%3.9%1.4%1.8%2.7%-19.0%
Debtor days21100173113166242269974
Inventory days1614824523945225285782087
Days payable482041761731511522071022
Cash conversion cycle1353774483345386186402039
OCF / EBITDA %43.8%-57.7%2.8%-32.1%-178.1%-5.8%113.0%—
OCF / EBITDA % (3 years)——21.2%-31.0%-70.7%-58.4%7.3%55.5%
Debt / equity0.110.390.620.660.580.970.840.24
Current ratio1.611.311.431.241.571.681.391.80
Net debt / EBITDA0.021.552.976.796.155.375.55—