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Sumitomo Chemical India Performance

Days Range

Low: ₹372.20
High: ₹378.25
Previous Close ₹375.20
Open ₹378.00
Volume 77,926
Day’s Range ₹372.20 - ₹378.25
52W Range ₹370.00 - ₹475.85
Market Cap ₹18,732 Cr

Fundamentals of Sumitomo Chemical India

ROCE (TTM) 19.05%
P/E Ratio (TTM) 56.44
P/B Ratio 7.42
Industry P/E 35.88
Debt to Equity 0.01
ROE 14.56%
EPS (TTM) 6.65
Dividend Yield 0.32%
Book Value 51
Face Value 10

Financials of Sumitomo Chemical India

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales651.57724.24903.48542.02
Expenses585.04657.14731.31492.32
Profit before tax81.6283.3195.4975.35
Operating Profit72.1361.68143.4554.73
Net Profit72.1361.68143.4554.73
EPS in Rs1.451.242.871.1

About Sumitomo Chemical India

History

Sumitomo Chemical India Limited (SCIL) was incorporated originally on February 15, 2000. SCIL is itself a subsidiary of the Sumitomo Chemical Company Limited, Japan (SCCL). The company is in the business of manufacturing household insecticides, agricultural pesticides, public health insecticides, animal nutrition products, etc.

The company’s shares, covering its entire issued share capital, were listed on the BSE and the NSE on January 27, 2020. During Covid, the company’s operations were classified as ‘essential’ and hence were not much affected by the lockdown.

In 2022, the company expanded its manufacturing capacity for one of its technical-grade products. It completed the feasibility study for introducing 3 new technical-grade products and took initiatives for expanding production capacity. In 2022-23, the company commissioned an additional 1.8 MW solar power plant for captive consumption.

Business Segments

The company categorises its domestic offerings in the following segments:

  1. Crop Protection – This segment consists of fungicides, miticides, insecticides and herbicides.
  2. Biological crop protection – Biologicals are derived from natural principles such as plants, microorganisms and minerals and are environmentally safe.
  3. Plant Nutrition and Plant Growth Regulators – Plant Growth Regulators (PGRs) are molecules influencing the development of plants and are generally active at very low concentrations.
  4. Fumigants and Rodenticides – These chemicals help in preserving existing food crops, especially from rodents.
  5. Household Pesticides – These consist of chemicals that are helpful in dealing with household pests to protect public health.
  6. Animal Nutrition – The company produces Methionine, which is one of the essential amino acids that cannot be produced in the animal body.

The company’s international business includes all the above-mentioned chemicals. 

Subsidiaries

The company has one foreign subsidiary named Excel Crop Care (Africa) Limited. It takes care of its operations in Africa.

Key Personnel

Mr Chetan Shantilal Shah, Managing Director

Mr Shah was a promoter of New Chemi Industries Ltd, which was acquired by Sumitomo Chemical Company, Limited, Japan (SCCL) in 2010. Mr Shah then served as Joint Managing Director of SCIPL from 2010 till October 2016 and as the Managing Director of Excel Crop Care Limited from October 2016 till August 2019 before taking up his current position.

Corporate Actions

The company has not had any major corporate actions in recent years.

Parent Organisation MNC Associate
Founded 2000
Managing Director Mukul G Asher
NSE Symbol SUMICHEM

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Aristo Bio-Tech & Lifescience Ltd ₹58.55

86

0.00 (0.00)

83 - 86.05
Crop Life Science Ltd ₹82.36

48.8

0.75 (1.56%)

45.6 - 48.85
Shivalik Rasayan Ltd ₹998.59

634.35

6.85 (-1.07%)

631.35 - 644.4
Sikko Industries Ltd ₹132.72

79.85

0.85 (1.08%)

77.5 - 80
India Pesticides Ltd ₹4,653.76

397.6

4.10 (-1.02%)

393 - 406.7

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FAQs

What is the Share price of Sumitomo Chemical India (SUMICHEM)?

Sumitomo Chemical India (SUMICHEM) share price as of February 22, 2024, on NSE is Rs 376.00 (NSE) and Rs 376.60 (BSE) on BSE.

Can I buy Sumitomo Chemical India (SUMICHEM) shares?

Yes, You can buy Sumitomo Chemical India (SUMICHEM) shares by opening a Demat account with Angel One.

How do I buy Sumitomo Chemical India (SUMICHEM) from Angel One?

Sumitomo Chemical India (SUMICHEM) share can be brought through the following modes:
  1. Direct investment: You can buy Sumitomo Chemical India (SUMICHEM) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Sumitomo Chemical India (SUMICHEM) shares.

Is Sumitomo Chemical a Debt free Company?

Sumitomo Chemical is virtually a debt free company.

What is the main business of Sumitomo Chemical?

Sumitomo Chemical is known for domestic marketing of proprietary products of its parent company, Sumitomo Chemical Company Limited, which includes animal nutrition, agrochemicals, and environmental health business segments.

Who are the promoters of Sumitomo Chemical?

Sumitomo Chemical Company, Limited, Japan is the promoter of Sumitomo Chemical

What are the Subsidiaries that comes under Sumitomo Chemical?

Excel Crop Care (Africa) Limited is a subsidiary of Sumitomo Chemical.