INVESTOR PRESENTATIONMay 2017

This presentation may contain statements which reflect Management’s current views andestimates and could be construed as forward looking statements.

These forward-looking statements involve a number of risks, uncertainties and otherfactors that could cause actual results to differ materially from those suggested by theforward-looking statements.

These risks and uncertainties include, but are not limited to our exposure to changes ingeneral economic conditions, market, Foreign currency and other risks, changes ingovernment policies/regulations, tax regimes as also technological changes.

The company assumes no responsibility to publicly amend, modify or revise any forwardlooking statements, on the basis of subsequent development, information or events orotherwise.

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Safe-harbor statement

Group overview

Sudarshan culture

Financial results

Business outlook

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Contents

Group overview

Sudarshan culture

Financial results

Business outlook

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Contents

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Sudarshan at glance

Incepted in 1952

Manufacturer of Pigments, Effect pigments & Agrochemicals

5th largest pigment producer in the world

Largest pigment producer in India with 35% market share

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Highlights

Growth engine - in pursuit of the vision

o From a non existent to the 5th largest producer in the last 7 years

o Major capacity expansion lined up over next 5 years’ under MOU signed with Government of Maharashtra for ₹ 1,000 crores investment

Cutting Edge Technology

o Introduced 100+ new products - High Performance range, Cosmetic range

o Best in class infrastructure for Analytical and Application testing

o Best in class R&D professionals

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Highlights

Reliability and Sustainabilityo British Safety Council - Sword of Honor

o Amongst the top suppliers in the world, which meet the stringent socialcompliance norms of the Cosmetic Industry

Cultureo Among “Top 50 Dream Companies to Work”

o Certified as “Great place to Work”

Global Head Office

Our Infrastructure - Global Presence

South AmericaOffice

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Sudarshan Chemical Industries Limited

Prescient ColorLimitedReico Industries Limited

SudarshanEurope B.V.

Sudarshan North America Inc.

Sudarshan Mexico S. De R.L. DE C.V.

Sudarshan (Shanghai) Trading Company Ltd.

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Our Infrastructure - India

Global Head office in Pune

R&D in Ambadwet near Pune

India based Manufacturing

Roha

Mahad

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People• More than 50 scientists

• Global experts panel for competency enhancement

• Analytical and Application lab experts

Process• Stage Gate process

• DOE approach to solutions

Infrastructure• Dedicated site for R&D with investments

>USD 10 Mn

• State of the art equipment for characterization, reverse engineering and composition analysis

• Ability to handle crystal modification & surface treatments

• Comprehensive list of equipment to ensure reproducibility in end application

Our Infrastructure - R&D capabilities

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Consolidated financial trend

8.9%11.5% 10.7% 11.9% 13.1%

7.5%

13.0% 12.5%

16.0%17.5%

FY13 FY14 FY15 FY16 FY17

PBDIT % ROCE

Sales CAGR 15% PBDIT CAGR 26%

Group overview

Sudarshan culture

Financial results

Business outlook

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Contents

Sudarshan culture - Four components

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Sudarshan culture - Higher purpose

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Sudarshan culture - Vision

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To be amongst the top four pigment players in the world

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Sudarshan culture - Vision

World Class Global Colour Solution Provider

Innovative & vibrantculture

with an

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Sudarshan culture - Values

Seva (Serve)

Courage

Commitment & Passion

Respect

TrustT

R

C

C

S

Group overview

Sudarshan culture

Financial results

Business outlook

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Contents

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Consolidated Financials FY16-17

31.03.2017 31.03.2016

Total income 15,226 14,093

PBDIT 1,990 13.1% 1,674 11.9%

PBIT 1,445 9.5% 1,193 8.5%

PBT 1,362 8.9% 990 7.0%

PAT 1,034 6.8% 699 5.0%

Fiscal year Amounts in ₹ Million

• Strategic initiatives have helped in improving operating profit margins

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Standalone Financials FY16-17

31.03.2017 31.03.2016

Total income 12,929 12,073

PBDIT 1,735 13.4% 1,557 12.9%

PBIT 1,236 9.6% 1,120 9.3%

PBT 1,218 9.4% 985 8.2%

PAT 894 6.9% 716 5.9%

Fiscal year Amounts in ₹ Million

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Standalone Financials (Quarter)

31.03.2017 31.03.2016

Total income 3,336 3,178

PBDIT 358 10.7% 420 13.2%

PBIT 222 6.6% 292 9.2%

PBT 247 7.4% 312 9.8%

PAT 191 5.7% 219 6.9%

For the quarter

• Specific increases in raw materials; sales side price increases with some lag

• Appreciation of Rupee against Euro and USD impacted sales realisation and operating profit margins

Amounts in ₹ Million

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Dividend

6 months ended• Board of Directors have

recommended dividend at

the rate of 175% (including

interim dividend of 125%

which was paid in March)

87.5%

150.0%

175.0%

FY15 FY16 FY17

Dividend history

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Key ratios - Standalone

31.03.2017 31.03.2016

Debt-Equity 0.91 1.06

Interest coverage 6.68 5.38

Current ratio 1.18 1.42

EPS (basic & diluted) 12.92 10.35

As on

• Current ratio is impacted due to current maturity of public deposits. Ratio will improve as it will be replaced with lower cost long term debt

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Business highlights

6 months ended• Inauguration of R&D and Application centre which has been upgraded to world class standards

• China and Mexico subsidiary registration formalities completed; operations to commence soon

• Cross functional focus to prepare for Goods & Services tax (GST)

Group overview

Sudarshan culture

Financial results

Business outlook

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Contents

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Business outlook

6 months endedIndia market demand improvement to continue

Short term impact is likely for June as demand may roll over to next months due to GST implementation

Expected improvement in demand from overseas geographies

Operational excellence project to augment production capacity; lowering need for capital expenditure

Thank You