Sudarshan Chemical Industries Limited — Investor Meet, 19-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Sudarshan Chemical reported a tough Q3, with its acquired business posting an INR38 Cr EBITDA loss and legacy revenue flat, mainly due to destocking and weak global demand. Management, however, is confident, stating the 'worst is behind us' as customers resume buying post-January. They anticipate a business EBITDA of EUR 9-10M. A strategic move to reduce EUR 30-40M inventory will boost cash flow and cut debt, though it might temporarily impact reported EBITDA by EUR 9-12M (overhead absorption). Integration of the Heubach business is progressing, with INR40 Cr value capture and a strong focus on becoming a global pigment leader. Sentiment: Confident.