Sudarshan Chemical Industries Limited — Investor Meet, 05-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sudarshan Chemical reported Q4 FY25 consolidated sales of INR 1,349 Cr and adjusted EBITDA of INR 148 Cr. Legacy Sudarshan Pigment business saw 16% sales growth, achieving 16.3% adjusted EBITDA margin in Q4. The acquired Heubach business contributed INR 525 Cr sales and INR 22 Cr EBITDA for March.

Management highlighted that Heubach's integration is on track, with a strong focus on cost reduction, customer centricity, and re-establishing technical expertise. They project Heubach's EBITDA to reach EUR 35 million in FY26 and EUR 90-100 million in 3-4 years, with no major capex needed. RIECO business is being restructured and is expected to turn around in FY26, targeting 7-8% EBITDA margin. The company aims to be debt-free in 3-4 years. Management is confident in the long-term prospects of the combined entity despite market uncertainties.