Sharda Cropchem FY26 Net Profit Jumps 124% to ₹681 Cr
Sharda Cropchem reported its best-ever financial performance for FY26, with net profit jumping 124% to ₹681 crores and revenue increasing 22% to ₹5,268 crores. The company achieved its highest-ever RoCE of 30.4% and recommended a total dividend of ₹15.00 per share. Management provided FY27 guidance, expecting revenue growth of 10% to 15% and EBITDA margins between 18% and 20%.

*this image is generated using AI for illustrative purposes only.
Sharda Cropchem Limited's Board of Directors approved the audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. The company reported a robust financial performance for the fiscal year, achieving its highest-ever Return on Capital Employed (RoCE) of 30.4% and Return on Equity (RoE) of 24.2%. Consolidated net profit more than doubled by 124% to ₹681 crores from ₹304 crores in the previous year, while revenue from operations grew by 22% to ₹5,268 crores.
Earnings Call Transcript
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the transcript of the earnings call for the Q4 FY 2025-26 Audited Financial Results. The conference call was conducted on Thursday, May 14, 2026, at 01.00 P.M. (IST). Management provided guidance for FY27, expecting revenue growth of 10% to 15% and EBITDA margins to remain in the range of 18% to 20%. Gross margins are anticipated to stay around 35%. The transcript is available on the company's website.
Dividend Declaration
At its Board Meeting held on May 13, 2026, the Board of Directors recommended a final dividend of ₹9.00 per equity share of face value of ₹10.00 each for FY26, subject to shareholder approval at the forthcoming Annual General Meeting. Combined with the interim dividend of ₹6.00 per share paid in December 2025, the total dividend for FY26 aggregates to ₹15.00 per share.
| Parameter: | Details |
|---|---|
| Final Dividend per Share: | ₹9.00 |
| Face Value per Share: | ₹10.00 |
| Interim Dividend per Share: | ₹6.00 |
| Total Dividend for FY26: | ₹15.00 |
| Board Meeting Date: | May 13, 2026 |
| Subject to: | Shareholder approval at AGM |
Consolidated Financial Performance
Sharda Cropchem delivered strong growth across key financial metrics. For the full year, EBITDA rose by 69% to ₹1,040 crores, with margins expanding to 19.7% from 14.2% in the previous year. Gross margins improved by 600 basis points to 35.9%. Profit Before Tax (PBT) grew by 126% to ₹855.50 crores, while the PAT margin expanded to 12.9% from 7.0% in FY25. In Q4, consolidated net profit rose 57% year-on-year to ₹318.70 crores from ₹203.60 crores, with Q4 EBITDA growing 75% to ₹512.90 crores and Q4 EBITDA margin expanding to 24.8% from 16.0% year-on-year. The following table summarises the audited consolidated financial results:
| Particulars (₹ Crores): | Q4 FY26 | Q4 FY25 | Y-o-Y | FY26 | FY25 | Y-o-Y |
|---|---|---|---|---|---|---|
| Revenue from Operations: | 2,064.90 | 1,828.50 | 13% | 5,267.60 | 4,319.90 | 22% |
| Gross Profit: | 770.20 | 544.00 | 42% | 1,890.40 | 1,291.80 | 46% |
| Gross Margin %: | 37.3% | 29.8% | 35.9% | 29.9% | ||
| EBITDA: | 512.90 | 292.60 | 75% | 1,039.50 | 613.50 | 69% |
| EBITDA Margin %: | 24.8% | 16.0% | 19.7% | 14.2% | ||
| EBIT: | 422.50 | 256.50 | 65% | 857.30 | 380.40 | 125% |
| PBT: | 422.10 | 256.10 | 65% | 855.50 | 378.30 | 126% |
| PAT: | 318.70 | 203.60 | 57% | 681.00 | 304.40 | 124% |
| PAT Margin %: | 15.4% | 11.1% | 12.9% | 7.0% | ||
| EPS (₹): | 35.32 | 22.57 | 75.47 | 33.74 |
Segment and Operational Highlights
The Agrochemicals segment remained the primary growth driver, contributing 90% to total revenue for FY26 with a 25% year-on-year increase to ₹4,717 crores, while the Non-agrochemical segment recorded revenue of ₹551 crores. In Q4 FY26, the Agrochemical segment contributed 93% and the Non-Agrochemical segment contributed 7% to total revenue. Agrochemical volumes grew by 13.3% in FY26, while Non-agrochemical volumes grew by 15.3%, resulting in overall volume growth of 13.4% for the year. The company maintained a debt-free status with cash, bank, and liquid investments of ₹702 crores. Capital expenditure for FY26 stood at ₹505 crores, and product registrations reached 3,011 with 1,004 applications pending globally.
Historical Stock Returns for Sharda Cropchem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.22% | +2.02% | -15.76% | +12.55% | +42.37% | +162.55% |
With 1,004 product registrations pending globally, which key markets or molecules could drive the next wave of revenue growth beyond FY27 guidance?
Given the ₹505 crore capex in FY26 and debt-free status, how might Sharda Cropchem deploy its ₹702 crore cash reserves — through acquisitions, capacity expansion, or further shareholder returns?
As agrochemical input costs have been a key driver of gross margin expansion to 35.9%, how sustainable are these margins if Chinese raw material prices or global supply chains normalize?


































