Sudal Industries shareholders and shareholding pattern

BSE: 506003Non - Ferrous MetalsSmall Cap

Sudal Industries Limited · Face value ₹10 · Listed Dec 1980

₹49.80₹2.27 (4.78%)

Share price at the BSE close on 30 Oct 2026. Previous close ₹47.53.

30 Oct: open ₹47.53, high ₹49.90, low ₹45.50

52-week range of traded prices to 30 Oct 2026

₹28.25Low, 31 Jul 2026₹94.34High, 3 Nov 2025

Market cap: ₹42 Cr3,643rd largest listed
P/E: 23.13
P/B: 1.75
Dividend yield: Nonein the last 12 months
ROE: 7.4%
ROCE: 24.0%
Debt to equity: 0.67
Volume, BSE: 1,716

Sudal Industries' shareholding pattern for Sep 2026, filed on 19 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Sudal Industries, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters67.44%
Indian institutionsNone
Individuals and others32.56%

Shareholding pattern, per cent, from Sep 2022

Promoters
Indian institutions
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%
Indian promoters	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	52.29%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	63.02%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%
Foreign promoters	–	–	–	–	–	–	–	–	10.73%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	36.98%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	36.98%	36.98%	36.98%	36.98%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%	32.56%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	22.52%	22.48%	22.54%	22.67%	20.67%	20.70%	20.30%	20.86%	21.22%	21.13%	20.90%	21.53%	21.70%	21.89%	22.10%	22.67%	21.89%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.60%	5.64%	5.64%	5.67%	4.53%	4.28%	4.17%	4.43%	3.61%	3.17%	3.21%	3.04%	3.29%	3.19%	3.08%	2.19%	3.17%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.82%	2.81%	2.78%	2.78%	2.20%	2.52%	3.33%	2.35%	2.47%	2.81%	2.82%	2.63%	2.34%	2.33%	2.28%	2.35%	2.34%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.33%	0.33%	0.33%	0.29%	0.26%	0.21%	0.21%	0.22%	0.21%	0.20%	0.19%	0.11%	0.29%	0.41%	0.44%	0.51%	0.44%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.42%	4.42%	4.42%	4.42%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.27%	1.28%	1.25%	1.13%	1.00%	0.95%	0.65%	0.80%	1.15%	1.36%	1.54%	1.35%	1.05%	0.84%	0.77%	0.94%	0.82%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.03%	0.03%	0.03%	0.06%	0.06%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.27%	1.28%	1.25%	1.13%	1.00%	0.95%	0.65%	0.79%	1.15%	1.35%	1.54%	1.35%	0.99%	0.78%	0.71%	0.85%	0.73%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.02%	0.02%	0.02%	0.02%	0.02%
Promoter shares pledgedShare of the promoters' own shares	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	0.00%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	2.15%	82.28%	82.28%	82.28%	82.28%	82.28%	82.28%	82.28%	82.28%	82.28%	82.28%	82.28%	82.28%	82.28%
Shares in issue	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	73,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818	83,67,818
Shares locked in	8,60,000	8,60,000	8,60,000	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Promoters' shares locked in	8,60,000	8,60,000	8,60,000	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Sudal Industries shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	9,924	9,918	9,888	9,852	9,745	9,700	9,699	9,689	9,684	9,685	9,684	9,686	9,687	9,695	9,692	9,693	9,700	9,669	9,694	9,751	9,873	9,886	9,913	9,977	9,989	9,972	9,940	9,890	9,826	9,771	10,009	9,999	10,114	10,104	10,163	10,275	10,293	10,309	10,328	10,310
	6	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Indian promoters	6	5	5	5	5	5	5	5	4	5	5	5	5	5	5	5	5	5	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Foreign promoters	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
	9,918	9,913	9,883	9,847	9,740	9,695	9,694	9,684	9,679	9,680	9,679	9,681	9,682	9,690	9,687	9,688	9,695	9,664	9,690	9,747	9,869	9,882	9,909	9,973	9,985	9,968	9,936	9,886	9,822	9,767	10,005	9,995	10,110	10,100	10,159	10,271	10,289	10,305	10,324	10,306
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2	2
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9,972	9,984	9,967	9,935	9,885	9,821	9,766	10,004	9,994	10,109	10,099	10,157	10,269	10,287	10,303	10,322	10,304
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9,827	9,838	9,822	9,793	9,747	9,684	9,639	9,870	9,863	9,978	9,966	10,030	10,136	10,149	10,175	10,191	10,172
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10	10	10	10	9	8	6	7	5	5	5	6	7	7	7	4	7
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	21	21	20	19	17	20	18	25	23	24	23	26	21	22	18	18	18
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	33	34	37	37	37	35	37	37	35	34	35	28	34	40	38	39	39
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	79	79	76	74	73	72	64	63	66	66	68	65	69	67	63	68	66
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	1	4	6	6
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	79	79	76	74	73	72	63	62	65	65	67	63	62	1	56	59	57
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	1	2	2	2

Sudal Industries promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Shyantanu Sudarshan Chokhani, 32.48%.Promoter buying and selling

Holder
Shyantanu Sudarshan ChokhaniIndividuals and Hindu undivided families	32.48%	27,18,200	17,18,200	63.21%
Sudarshan Shriram ChokhaniIndividuals and Hindu undivided families	18.20%	15,23,087	15,23,087	100.00%
SUDAL ENTERPRISES PRIVATE LIMITEDIndian companies, trusts and others	16.63%	13,91,213	13,91,213	100.00%
Sudarshan Shriram Chokhani HufIndividuals and Hindu undivided families	0.13%	10,500	10,500	100.00%

Pledged is the share of the holder's own shares pledged to a lender. In demat is the part of the holding kept electronically; the rest is paper certificates.

Largest public holders of Sudal Industries, filing by filing

Per cent, on the same shares as the split above.

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
REYNOLDS INTERNATIONAL INCForeign companies	4.42%	–	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	4.42%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%	3.89%
MADHUMILAN CREDIT CAPITAL PRIVATE LIMITEDCompanies	–	–	–	–	–	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.61%	1.61%	1.61%	1.61%	1.61%	1.61%	1.61%	1.61%	1.61%	1.61%	1.61%	1.61%	1.61%
MAHENDRA GIRDHARILALResident individuals, over ₹2 lakh at face value	–	–	–	–	–	1.21%	1.21%	1.21%	1.21%	1.21%	1.21%	–	1.21%	1.21%	–	1.21%	1.21%	1.21%	1.21%	1.21%	1.36%	1.36%	1.36%	1.36%	1.36%	1.36%	1.36%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%
Dina Bhavesh MamniaResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.00%	–	–	–	–	–	–	–	–	–
Multiplier Share & Stock Advisors Pvt LtdCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.22%	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.