저자: 미상 · 외국인
요약 보기
한 줄 결론: 소형 안료(염료·색소) 화학주 수다르산 케미컬(Sudarshan Chemical)을 장기 관점에서 소량 매수하며 추가 매수를 고려한다는 내용. 회사 개요: 안료 분야 세계 최대급 생산사이자 인도 내 최대 수준으로 소개. 2023 회계연도 매출 약 7백만 달러 규모로 언급, 공장 2곳과 R&D센터 보유, 영업팀 50여 개, 채널 파트너 60곳, 임직원 2000명 이상, 수출 85개국. 사업 및 수요 논리: 안료는 도료(코팅), 플라스틱, 잉크·펜, 화장품 등에 쓰여 수요가 지속된다고 주장. 중국 플러스원 수혜로 인도 화학산업 성장과 중국 반덤핑 조치도 긍정 요인으로 제시. 재무 지표: 시가총액 약 3,000억 루피 수준으로 소형주. PER은 업종 평균보다 높아 고평가 우려를 스스로 인정. 부채비율 약 1%로 언급했으나 부채가 다소 높다는 설명과 혼재. 프로모터 지분 약 35%. 영업이익률 약 16%, 3년 ROE 등 일부 지표는 양호하지 않다고 평가. 매출은 꾸준히 증가, 비용 통제 양호, 10년 수익률 양호하나 중간 수익 부진. 기술적 분석: 컵앤핸들 패턴 돌파 확인, 목표가 약 31(루피 기준으로 추정, 명시적 단위 불분명). 화학 섹터에 일부 압력이 있다고 언급. 출연자 전망 및 리스크: 단기 매매는 본인 판단에 맡기고 장기 보유 관점을 제시. 일부 부정적 요소 때문에 소량으로 시작하며, 실적 성장이 확인되면 수량을 늘릴 계획. 리스크로 고PER, 부채 증가, 인터레스트 커버리지 부진 등이 거론됨.
다듬은 글
have brought you a company that looks very small. Almost, this company is small, a small-cap company, and its growth chances are very high because its product and its segment are high, meaning there are chances of growth in the future. You all know Vijay Kad ji about this company. You will see his pictures and shares of this company in this company.
So, today I will discuss about this because for a long time, I have been getting comments saying, Sir, please discuss about this company. First of all, I should tell you that I have been focusing on this company for a long time, not because Vijay Kad ji has done it, but because this company's product and its business model seemed to be of a slightly different level, so perhaps that is why I am definitely investing in it.
So, let's see which is the company I am talking about today. So, before looking at the name of the company, know the sector of the company. The sector of the company is chemical sector. Look, there are many different categories in chemical sector. There are chemicals used in agriculture, in the paint sector, and in tire manufacturing.
In the pigment segment, different categories of chemicals are used in pesticide manufacturing in agriculture. There are also specialty chemicals. So, the company I will talk about today actually works on the pigment segment. Now, what is the pigment segment? Look, the colors you see are visible in this way, so in this way, colors are called the pigment segment, from which paints and many other things are made.
So, the paint-making products are seen on the pigment segment. So, before knowing which company it is, know the details of the company. If I talk about model, then according to the company's financial year 2023, the company is reporting that the company's revenue was around 7 million dollars and the company also has two different manufacturing factories and an R&D center.
Look, the company has more than 50 sales teams. It has 60 channel partners and a global workforce of more than 2000. So, the company's business is representing at different levels. As per the business focus, the company has kept more on pigment focus and the company is working mostly on the pigment segment only.
If we look at the global research center, it is the largest pigment product manufacturing company and it also makes the maximum pigment in India. Pigments are actually used in making colors and in terms of exports, the company exports to 85 countries, so there is high strength. You can see this company and its presence in the global market.
If you look at it, you will see that in Europe as well as North America, Mexico, along with China, Japan and at the same time, the company's business is spread in different places globally. So, where are the company's products used? You can see that coating means the paint that is done in the house, the coating that is given on it, it is also used for plastic pens, as well as ink means all the coloring pens.
When we look at pencils etc., the color used for the ink is also from this company. Cosmetics are also made from the products of this company. So, think about the product whose demand will remain continuous. The company is working on that product. The company is also telling that if you look at the pigment industry view, then India is the strongest player in the global chemical industry with the China plus one force, that is, after China, India is focusing the most on the chemical sector in the global market, that is, it exports the maximum products.
If you look at the softness in the import, energy and logistics cost is expected to stabilize, you can also see that China is also doing PP0, that is, import anti-dumping, which is on fruitful science pigments. So, look at the company, let me tell you one more thing, before looking at the quality of the company, look at the mission of the company.
The company is telling that the company is working on a different level on the global world class global color solution. The vision of the company is that the company Almost among the top three pigment players in the world, the company is also telling that the company is working on the service, the service, the company is also working on trust, so you can see how the team of the company is working, the company is working with more than 100 scientists and technicians, the company is working on different levels on the matters of global experts, along with that the company also has an analytical and applications lab and as per the company's infrastructure, see the company has invested more than 10 million US dollars on R&D, along with this if I talk about the state of the art equivalent, then the company is working on every strategy of every business here and you can see the picture of where the company has factories here, where the company does manufacturing, the company has two different places.
There are also manufacturing plants, which you can see here. So, the companies ' product is organic product, and these organic products are worth $5.0 billion, and how much of these organic products are worth $3.0 billion. The impact of the company is around 0.6. If you visit the company's website now, you will see something like this: coating, plastic, printing, as well as specialty applications and cosmetics.
The company works on all these product categories. So, mainly the main issue is that the company is working on the color segment, and the demand for color will always be there, and the demand for color products will always be there, and growth will also continue because the paint industry is growing, so the demand for color will increase accordingly.
People are getting money, so people will use more and more cosmetics, etc., will also use plastic, etc., will use colorful things. So, children also need color pencils for studying. See, no matter how much technology comes, there will be demand for color pencils because Everyone, from children to adults, will use pens and pencils.
So, I believe there will always be demand for products like this. As for the company's performance, the company operates in the chemical, dye, and pigment segments. Before revealing the company's name, let me tell you that the company is India 's second-largest company in this segment. If I mention "second," you'll already know the company's name.
The company's name is Sudarshan Chemicals Limited. As you can see, Sudarshan Chemical Industries Limited is a very small company with a capital of around 3,000 crore rupees. The P-ratio is slightly higher than the company's industry P-ratio. If I were to discuss the P-ratio with you, you'd see that the company's P-ratio is at this level.
The company is showing a P-ratio at the top level. This means it has become an overvalued company. The company's other parameters, such as debt, are around 1 percent. I found the debt to be a little high, and the annual income is decent. Cash on hand. The earning performance is also good. The promoter 's holding is around 35%.
It is not that much, still the promoter has holdings and the investor, sorry, the company's margin is around 16%. If it is RO based in 3 years, the company's interest coverage is not good, the return on assets is also not good. If I talk about the quarterly results, then the sales kept increasing continuously and the company also kept the expenses under control and accordingly, the profit and loss of the company was also shown to you in this way.
So, if I talk about profit and loss, the profit and loss of the company is represented here at a different level and if you look a from one point of view. Sales increased, the expenses of the company were also kept under control and look at the profit, it was seen as a plus point. So, if a company is maintaining so many things, then the chances of growth in it are very high.
And as far as the sales growth of the company is concerned It is quite good, there is not much speciality in profit growth, the return of equity of the company is also decent, the company has given some positive returns in 10 years, there is no good return in between, in one year the company gave a return of around 14%, talking about profit and loss, sorry if I talk about the balance sheet, then look at the reserves, they kept increasing continuously, accordingly the debt also kept increasing, now it is important to see for what purpose the loan was taken, see the company's debt is for both long term and short term and if you look at the company, if you talk about fixed assets, then the fixed assets also kept increasing and the company has also invested money in CW IP, now if I talk to you about the investors, then see, from the promoter to FS DS public, everyone has a stake, so what I told you about the holdings that Vijay Gad ji has, it is important to see that, you can see here, Vijay Kidiya ji has holdings of around 1.44%, so this was an update of the company, now let's talk about the technical aspects of the company Regarding chart patterns, one should look at what the chart pattern is technically indicating.
Technically, the chart pattern formed in this way: a cup-and-handle pattern formed in a spectacular manner. A breakout occurred here, and the breakout confirmation also occurred above this candle. An ant formed here. If I look from the entry level to the target, a target could be formed around 31. According to me, there is some pressure on the chemical sector here.
Nevertheless, the company can gradually represent itself. So, as a long-term view, you can consider this company. If any trade is made in the short term, then you should take your own decision on it. This is my decision or the way the trade is formed. If you want to learn to trade this way, then stay connected with me and subscribe to the channel.
My opinion on this company is that I am working with this company with small quantities and I definitely want to think about the long journey because this company's business model is very strong and it also has the capability to grow in the future. Let's keep it, see some points are negative, so that's why I have started with a small quantity, whenever the growth of the company looks good, I will keep adding quantity, so what is your opinion,
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