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Swing Capital

Sadhana Nitro Chem Ltd

NSE: SADHNANIQ BSE: 506642Chemicals

Incorporated in 1973, Sadhana Nitro Chem Ltd manufactures chemical intermediates, heavy organic chemicals performance chemicals, and wireless network equipment and services[1]

₹2.41
52W: ₹1.27 — ₹6.19
PE 0 · Book ₹0.86 · +180% vs book
Market Cap₹714 Cr
Stock P/E—Price to Earnings
ROCE5.38%Return on Capital
ROE2.02%Return on Equity
Div. Yield4.15%Face Value ₹1

Strengths

  • +Promoter holding has increased by 30.9% over last quarter.

Weaknesses

  • −Stock is trading at 2.80 times its book value
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 2.08% over past five years.
  • −Company has a low return on equity of 2.51% over last 3 years.
  • −Company might be capitalizing the interest cost
  • −Company has high debtors of 363 days.
  • −Promoter holding has decreased over last 3 years: -13.1%

Shareholding Pattern

Promoters60.91%
FIIs0%
DIIs0.01%
Public39.07%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.48%65.47%▼0.065.11%▼0.464.9%▼0.256.73%▼8.229.97%▼26.829.97%60.91%▲30.9
FIIs0%0%0%0.06%▲0.10.04%▼0.00.04%0.14%▲0.10%▼0.1
DIIs0.03%0.03%0.01%▼0.00.01%0.01%0.06%▲0.00.06%0.01%▼0.0
Public34.49%34.5%▲0.034.87%▲0.435.03%▲0.243.22%▲8.269.92%▲26.769.82%▼0.139.07%▼30.7

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales414955313330402806
Expenses29374522242028262021
Operating Profit131211999123-20-15
OPM %31%24%19%29%26%32%30%9%-7577%-271%
Net Profit3120114-2-26-25
EPS ₹0.0100.010000.01-0.01-0.09-0.09

AI Insights

Revenue Trend

TTM revenue at ₹74Cr, down 44.4% YoY. OPM at -27%.

Debt Position

Borrowings at ₹258Cr. Debt-to-equity ratio: 1.16x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹109Cr (81% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0.01% (-0.01pp change). FIIs: 0% (+0.00pp change). Promoters hold 60.91%.

Margin & Efficiency

ROCE improving from 0% (Mar 2014) to 5% (Mar 2025). Working capital days: 195.

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