Sadhana Nitrochem Limited
NSE: SADHNANIQ · Commodity Chemicals · sector
₹2.03NSE close 2026-10-26
Key numbers
Market cap₹67 cr
Price₹2.03
52w high / low₹10 / ₹1
P/E–Sector median 15.2x
P/B0.1xSector median 1.3x
Book value₹13.7
Dividend yield–Sector median 0.84%
ROE-23.1%Sector median 7.2%
ROCE-10.6%Sector median 9.4%
OPM-108.0%Sector median 8.6%
Debt / equity0.24xSector median 0.25x
EV/EBITDA–Sector median 11.6x
Interest cover-2.3x
Current ratio1.80x
Sales growth 3y-29.8%Sector median +1.0%
Profit growth 3y–Sector median -11.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 70 companies in Commodity Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹18 cr vs borrowings ₹109 cr (FY26): borrowings are higher by ₹90 cr.
- Operating profit covered interest -2.3x in the last 12 months.
- 7.62% of the promoters' shares are pledged (4.5% of all shares).
- Promoter holding rose by 29.58 percentage points in a year, to 59.55% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 4 years (FY24, FY23).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Debtor days went from 242 (FY24) to 977 (FY26).
- Dividend paid in 3 of the last 4 financial years.
- Price ₹2.03 on 2026-10-26: -79.6% from the 52-week high, +59.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹58.43 · low ₹1.39
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 37 | 49 | 28 | 3 | 10 | 9 | 27 |
| EBITDA | 8 | 11 | 13 | 2 | -17 | -15 | -23 | 2 |
| OPM % | 19.3% | 30.3% | 26.7% | 6.9% | -628.9% | -155.6% | -250.5% | 8.5% |
| Other income | 1 | 0 | -0 | 4 | -0 | 1 | 3 | 4 |
| Net profit | 0 | 3 | 4 | -2 | -26 | -25 | -34 | -1 |
| EPS (₹) | 0.01 | 0.08 | 0.12 | -0.07 | -0.78 | -0.76 | -0.78 | 0.00 |
| Revenue YoY | -93.7% | -73.7% | -81.6% | -3.1% | ||||
| Profit YoY | -9,923.1% | -1,074.4% | -920.0% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|
| Revenue | 143 | 190 | 166 | 50 | 49 |
| EBITDA | 21 | 41 | 42 | -53 | -53 |
| Net profit | 3 | 4 | 8 | -86 | -85 |
| EPS (₹) | 0.16 | 0.17 | 0.23 | -2.01 | -2.32 |
| Revenue growth | +32.6% | -12.9% | -70.0% | -69.0% | |
| Profit growth | +29.1% | +85.3% | -1,243.1% | -1,860.4% | |
| Dividend / share (₹) | – | 0.15 | 0.15 | 0.10 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -29.8% | – | -69.0% |
| Net profit | – | – | -1,860.4% |
| EPS | – | – | – |
| Share price | – | -79.8% (2y) | -77.6% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | 226 | 227 | 281 | 454 |
| Borrowings | 132 | 221 | 235 | 109 |
| Cash & equivalents | 15 | 14 | 9 | 18 |
| Total assets | 466 | 532 | 637 | 658 |
| Fixed assets | 144 | 156 | 147 | 161 |
| Capital work in progress | 24 | 53 | 100 | 78 |
| Investments | 0 | 0 | 3 | 0 |
| Receivables | 66 | 126 | 122 | 133 |
| Inventory | 116 | 115 | 135 | 98 |
| Payables | 33 | 33 | 48 | 48 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | -38 | -2 | 48 | -29 |
| Cash from investing | -53 | -65 | -89 | -46 |
| Cash from financing | 72 | 41 | 25 | 93 |
| Capex | 42 | 66 | 94 | 64 |
| Free cash flow | -80 | -68 | -46 | -93 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 1.4% | 1.8% | 2.7% | -19.0% |
| ROCE % | 4.3% | 6.7% | 5.6% | -10.8% |
| Debtor days | 167 | 242 | 270 | 977 |
| Inventory days | 604 | 495 | 789 | 641 |
| Payable days | 174 | 143 | 282 | 314 |
| Cash conversion cycle (days) | 597 | 594 | 777 | 1,304 |
| Working capital days | 245 | 205 | 170 | 868 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.55% |
| FIIs | 0.04% |
| DIIs | 0.04% |
| of which Mutual funds | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 40.38% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 56.73% | 29.97% | 29.97% | 65.85% | 60.90% | 60.90% | 59.55% | 59.55% |
| Promoter group | % |
|---|---|
| Asit Dhankumar Javeri | 28.34% |
| Abhishek Asit Javeri | 27.07% |
| Manekchand Panachand Trading Investment Co Pvt Ltd | 1.96% |
| Chandrika Dhankumar Javeri | 0.64% |
| Sadhana Rajiv Jain | 0.64% |
| Anuradha Merchant | 0.41% |
| Seema Asit Javeri | 0.40% |
| Rahat Sandeep Shah | 0.07% |
| Amita Vijayraj Parekh | 0.01% |
| Molina Dhankumar Javeri | 0.00% |
| Nisheeta Sanjay Agarawala | 0.00% |
| Asit D. Javeri (HUF) | 0.00% |
| Hg Partners Llp | 0.00% |
| Lifestyle Net Works Limited | 0.00% |
| Chandra Net Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Niraj Bajaj | 6.60% |
77,028 shareholders. Pledged: 7.62% of promoter shares.
Peers in Commodity Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SRF | ₹69,362 cr | 30.4x | 4.5x | 16.0% | 15.2% | 21.4% | +373.5% | 0.38% |
| TATACHEM | ₹15,184 cr | – | 0.7x | -10.1% | -4.2% | -1.6% | -4.6% | 1.84% |
| DEEPAKFERT | ₹14,422 cr | 14.7x | 2.1x | 15.1% | 13.6% | 16.7% | +0.6% | 0.89% |
| GNFC | ₹7,634 cr | 7.4x | 0.8x | 11.7% | 15.2% | 14.8% | -8.7% | 3.41% |
| TANFACIND | ₹4,989 cr | 66.3x | 13.4x | 19.7% | 20.5% | 15.5% | +23.8% | – |
| GUJALKALI | ₹4,043 cr | 60.9x | 0.8x | 1.2% | 3.6% | 11.3% | -1.2% | 2.88% |
| GRAUWEIL | ₹3,537 cr | 22.1x | 3.3x | 15.9% | 19.6% | 15.3% | +6.8% | 0.64% |
| GHCL | ₹3,486 cr | 6.7x | 1.0x | 14.9% | 19.9% | 24.8% | -12.3% | 3.29% |
| JGCHEM | ₹2,190 cr | 29.1x | 4.1x | 15.1% | 19.8% | 8.9% | – | 0.18% |
| SADHNANIQ | ₹67 cr | – | 0.1x | -23.1% | -10.6% | -108.0% | -29.8% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-02-18 | Rights | Rights 8:1 @ Premium Rs 0/- |
| 2025-09-22 | Dividend | Dividend - Re 0.10 Per Share |
| 2024-09-17 | Dividend | Dividend - Re 0.15 Per Share |
| 2024-09-17 | Other | Annual General Meeting |
| 2024-09-13 | Rights | Rights 1:3 @ Premium Rs 5.06/- |
| 2023-09-18 | Other | Annual General Meeting |
| 2023-09-18 | Dividend | Dividend - Rs 0.15 Per Share |
| 2023-07-05 | Bonus | Bonus 2:9 |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Commodity Chemicals |
| Sub-industry | Commodity Chemicals |
| Symbol | SADHNANIQ |
| BSE code | 506642 |
| ISIN | INE888C01040 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.