Sumitomo Chemical India Ltd
SUMI

Sumitomo Chemical India Ltd (SUMICHEM)

₹434.60.31%

Key Stats

₹432.2
Day's Price Range
₹439.1
₹308.9
52-Week Price Range
₹477
1 Month Return1.21 %
3 Month Return17.38 %
1 Year Return34.63 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 2
53.68
EPS
Rank 3
₹8.07
BVPS
Rank 3
₹30.88
Dividend Yield
Rank 2
0.28%
ROE
Rank 1
25.24%
Price To Book Ratio
Rank 2
14.03
Debt To Asset
Rank 2
0.42

Company Information

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. The companys shares are listed on National Stock Exchange and Bombay Stock Exchange. The company is primarily engaged in manufacturing of household insecticidesagricultural pesticidespublic health insecticides and animal nutrition products.On 01 August 2018 the Board approved a Scheme of Amalgamation Scheme for amalgamation of Excel Crop Care Limited a subsidiary of Sumitomo Chemical Company Limited Japan the Companys Holding Company with the Company. The Appointed Date under the Scheme is 01 April 2018. At the Meeting of the Shareholders of the Company held on 30 March 2019 pursuant to the Order of Honble National Company Law Tribunal Mumbai Bench Honble NCLT the Scheme was approved unanimously by the Shareholders.By its Order dated 27th June 2019 Order the Honble NCLT approved the Scheme. Certified copy of the Order was filed with the Registrar of Companies on 31st August 2019 and accordingly 31st August 2019 is the Effective Date of the Scheme.In terms of the Scheme 2199448 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 224557641 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 9982914 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 224557641 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.
OrganisationSumitomo Chemical India Ltd
HeadquartersMumbai
IndustryAgro Chemicals