Sumitomo Chemical India Ltd

NSE
SUMICHEM •
BUY

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6M Return

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
Near 52W Low
-8.7
TTM PE Ratio
High in industry
56.3
Price to Book Ratio
High in industry
7.9
Dividend yield 1yr %
High in industry
1.7
TTM PEG Ratio
PEG TTM is negative
-1.6
RSI
RSI is mid-range
36.9
MFI
MFI is mid-range
46

Sumitomo Chemical India Ltd Key Financials

*All values are in ₹ Cr.

Sumitomo Chemical India Ltd shareholding Pattern

Promoter
75%
Foreign Institutions
2.6%
Mutual Funds
3.8%
Domestic Institutions
6%
Public
16.4%

Sumitomo Chemical India Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
376.60
10Day EMA
378.40
12Day EMA
379.20
20Day EMA
382.50
26Day EMA
384.70
50Day EMA
391.00
100Day EMA
398.10
200Day EMA
408.20
Delivery & Volume
Resistance & Support
374.98
Pivot
Resistance
First Resistance
376.47
Second Resistance
378.33
Third Resistance
379.82
Support
First Support
373.12
Second support
371.63
Third Support
369.77
Relative Strength Index
36.89
Money Flow Index
45.95
MACD
-5.58
MACD Signal
-5.75
Average True Range
8.46
Average Directional Index
15.10
Rate of Change (21)
-6.99
Rate of Change (125)
-14.96

Sumitomo Chemical India Ltd Company background

Founded in: 2000
Managing director: Chetan Shah
Sumitomo Chemical India Limited (SCIL) was incorporated originally on 15 February 2000 and converted from Private Limited to Public Limited w.e.f. 24th November 2018. SCIL is a subsidiary of Sumitomo Chemical Company Limited, Japan (SCCL). The Company is engaged in manufacturing of household insecticides, agricultural pesticides, public health insecticides and animal nutrition products. On 01 August 2018, the Board approved a Scheme of Amalgamation of Excel Crop Care Limited, a subsidiary of Sumitomo Chemical Company Limited, Japan, the Companys Holding Company, with the Company. The Appointed Date for the Scheme is 01 April 2018, which was approved by Shareholders at the Meeting held on 30 March 2019 pursuant to Order of Honble National Company Law Tribunal, Mumbai Bench (Honble NCLT).In terms of the Scheme, 2,199,448 equity shares of Excel Crop Care Limited held by the Company representing its 19.98% share capital were cancelled. On 7th October, 2019, the remaining shareholders of Excel Crop Care Limited holding shares as on 31st August, 2019 (Record Date) were allotted shares of the Company in the following ratio: 51 equity shares of the Company of Rs 10 each fully paid up for every 2 equity shares of Excel Crop Care Limited of Rs 5 each fully paid up. Accordingly, the Company issued and allotted its 224,557,641 shares of Rs 10 each as fully paid up to the other shareholders of Excel Crop Care Limited.As a result of implementation of the Scheme of Amalgamation, Excel Crop Care (Africa) Limited, Tanzania and Excel Crop Care (Europe) NV, Belgium, the subsidiaries of Excel Crop Care Limited have become the Companys subsidiaries.The Companys shares, representing its entire issued share capital, have been listed on BSE Limited and the National Stock Exchange of India Limited on 27th January, 2020.With this allotment of shares, the shareholding of Sumitomo Chemical Company, Limited, Japan, the Holding Company and its Japan based subsidiary, in the Company, stood reduced from 100% to 80.3% as on 31st March, 2020. In June, 2020, the Holding Company sold 9,982,914 shares (representing 2% of the Companys share capital) through offer for sale process through the stock exchanges and thereby reduced their shareholding to 78.3%. The Promoters need to reduce their shareholding in the Company to 75% or less, within one year of Listing.The shares held by the Promoters in the Company to the extent of about 55.01% of the Companys share capital have been lockedin for a period of one/three years from the date of listing as per SEBI requirements.In respect of 224,557,641 shares of Rs 10 each fully paid up allotted to the shareholders of Excel Crop Care Limited, the Company has not been able to file Return of Allotment with the Registrar of Companies as required under the Companies Act, 2013. This is owing to a technical problem in the portal of the Ministry of Corporate Affairs on which the Return of Allotment needs to be filed online. The Company is making efforts to find solution to the problem so that it can file the Return of Allotment. In the meantime, as stipulated by the stock exchanges, 19.99% of the equity share capital held by the Promoters (in addition to 55.01% of the share capital lockedin as per SEBI requirements) have been lockedin and will remain under lockin till the Company files Return of Allotment with the Registrar of Companies.Global pandemic Covid19, which broke out in the last quarter of FY 201920, has caused severe impact globally and in India. India announced countrywide strict lockdown in the last week of March 2020 and such measures continue to be in force till date in gradually relaxed form. The Companys operations have been classified as essential and hence not much affected by the lockdown.Sumitomo Chemical Company, Limited, the holding company and its Japan based subsidiary, were holding about 80.3% of the share capital of the Company. During the year 2021, the holding company sold about 5.3% of the share capital pursuant to the requirements. The sale of shares was undertaken through offer for sale process through the stock exchanges. As a result, shareholding of promoters and the promoter group now stands at 75% of the Companys share capital ensuring 25% shareholding by public.During the year 2022, Excel Crop Care (Europe) NV, the Companys subsidiary in Belgium, was voluntarily wound up. During the year 2022, Company expanded manufacturing capacity for one of its technical grade products. It completed feasibility study for introducing three new technical grade products and take initiatives for introducing new technical grade products andexpanding production capacity.During the year 202223, the Company commissioned additional 1.8 MW solar power plant for captive consumption.
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Sumitomo Chemical India Ltd FAQs

Sumitomo Chemical India Ltd shares are currently priced at 374.6 on NSE and 374.9 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Sumitomo Chemical India Ltd [SUMICHEM] share was -16.06. The Sumitomo Chemical India Ltd [SUMICHEM] share hit a 1-year low of Rs. 370 and a 1-year high of Rs. 462.2.

The market cap of Sumitomo Chemical India Ltd is Rs. 18698 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Sumitomo Chemical India Ltd is 56.21 as of 2/29/2024 12:00:00 AM.

The PB ratios of Sumitomo Chemical India Ltd is 7.41 as of 2/29/2024 12:00:00 AM

The Mutual Fund Shareholding was 3.83% at the end of 2/29/2024 12:00:00 AM.

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