04 Mar 2025

Sudarshan Chemical Industries' Stock Rises Amid Acquisition News

Sudarshan Chemical Industries is currently trading at Rs 846.05, up by 14.75 points or 1.77% from its previous closing of Rs 831.30 on the BSE. The stock opened at Rs 831.30 and has touched a high and low of Rs 846.85 and Rs 804.00 respectively, with 2,830 shares traded so far.

The BSE group 'A' stock, with a face value of Rs 2, reached a 52-week high of Rs 1,235.00 on October 14, 2024, and a 52-week low of Rs 534.60 on March 13, 2024. Over the past week, the stock's high and low stood at Rs 895.05 and Rs 795.75 respectively. The company's current market capitalization is Rs 6,639.41 crore.

The company's shareholding pattern includes a 27.55% stake held by promoters, while institutions and non-institutions hold 27.35% and 45.10% respectively.

Sudarshan Chemical Industries (SCIL), through its wholly-owned subsidiary Sudarshan Europe B.V., has entered into a definitive agreement to acquire Germany-based Heubach Group in a combination of asset and share deals. This strategic acquisition aims to create a global pigment leader by combining SCIL's operations and expertise with Heubach's technological capabilities. The acquisition will enhance SCIL's product portfolio, providing access to a diversified asset footprint across 19 international sites. 

The combined company will offer a broad pigment portfolio of high-quality products and maintain a strong presence in major markets, including Europe and the Americas. This positions the new Sudarshan to deliver high-quality solutions tailored to its global customers' needs. 

Heubach, with a 200-year history, became the second-largest pigment player globally after integrating with Clariant in 2022. The company reported revenues exceeding one billion euros in FY21 and FY22, with a significant presence in Europe, the Americas, and the Asia-Pacific region. Heubach faced financial challenges over the past two years due to rising costs, inventory issues, and high interest rates. SCIL's acquisition of Heubach aims to address these challenges with a clear turnaround plan. 

Sudarshan Chemical Industries is a leading, world-class color solutions provider with a strong global outreach in the production of performance colorants, offering an extensive range of organic, inorganic, and pearlescent pigments, as well as dispersions.