Sahyadri Industries Ltd
₹ 324
-0.92%
13 Nov
- close price
About
Incorporated in 1947, Sahyadri Industries is engaged in production of cement sheets and accessories, trading of steel doors and in generation of wind power electricity[1]
Key Points
- Market Cap ₹ 355 Cr.
- Current Price ₹ 324
- High / Low ₹ 409 / 200
- Stock P/E 6.48
- Book Value ₹ 402
- Dividend Yield 0.77 %
- ROCE 9.72 %
- ROE 7.51 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.81 times its book value
Cons
- The company has delivered a poor sales growth of 7.54% over past five years.
- Company has a low return on equity of 6.79% over last 3 years.
- Dividend payout has been low at 5.15% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 430 | 358 | 253 | 264 | 287 | 284 | 472 | 542 | 594 | 634 | 605 | 679 | 745 | |
| Sales growth | +18% | -17% | -29% | +4% | +9% | -1% | +66% | +15% | +9% | +7% | -5% | +12% | +20% |
| 392 | 327 | 210 | 200 | 218 | 238 | 380 | 442 | 513 | 568 | 551 | 618 | 653 | |
| Operating Profit | 38 | 30 | 43 | 64 | 69 | 46 | 92 | 100 | 81 | 66 | 54 | 61 | 92 |
| OPM % | 9% | 8% | 17% | 24% | 24% | 16% | 19% | 18% | 14% | 10% | 9% | 9% | 12% |
| 1 | 1 | 2 | 4 | 3 | 2 | 6 | 4 | 3 | 4 | 4 | 5 | 7 | |
| Interest | 15 | 21 | 17 | 12 | 9 | 5 | 5 | 5 | 9 | 11 | 7 | 3 | 3 |
| Depreciation | 13 | 29 | 23 | 21 | 18 | 14 | 14 | 15 | 24 | 24 | 25 | 25 | 24 |
| Profit before tax | 11 | -19 | 4 | 36 | 45 | 28 | 79 | 85 | 52 | 35 | 26 | 39 | 73 |
| Tax % | 35% | -43% | 31% | 31% | 29% | 6% | 22% | 27% | 28% | 25% | 26% | 25% | |
| 7 | -11 | 3 | 24 | 32 | 27 | 62 | 62 | 37 | 26 | 19 | 29 | 54 | |
| EPS in Rs | 7.45 | -11.40 | 3.14 | 25.54 | 33.36 | 27.79 | 64.52 | 64.66 | 33.90 | 24.09 | 17.78 | 26.49 | 49.63 |
| Dividend Payout % | 20% | 0% | 0% | 0% | 3% | 9% | 8% | 11% | 12% | 4% | 6% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 8% |
| 3 Years: | 5% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | -14% |
| 3 Years: | -7% |
| TTM: | 196% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | -11% |
| 3 Years: | -4% |
| 1 Year: | 28% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 10% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 105 | 94 | 97 | 121 | 153 | 175 | 236 | 293 | 324 | 349 | 367 | 395 | 429 |
| 183 | 152 | 113 | 96 | 47 | 59 | 47 | 80 | 124 | 116 | 78 | 17 | 15 | |
| 132 | 106 | 71 | 63 | 64 | 64 | 87 | 84 | 97 | 84 | 86 | 109 | 105 | |
| Total Liabilities | 429 | 362 | 291 | 290 | 274 | 308 | 379 | 469 | 557 | 560 | 543 | 532 | 560 |
| 165 | 205 | 183 | 159 | 143 | 131 | 127 | 128 | 169 | 181 | 187 | 174 | 168 | |
| CWIP | 64 | 1 | 0 | 1 | 2 | 2 | 4 | 54 | 36 | 42 | 31 | 33 | 35 |
| Investments | 0 | 0 | 0 | 0 | 0 | 31 | 48 | 21 | 11 | 12 | 3 | 39 | 70 |
| 200 | 155 | 108 | 129 | 129 | 144 | 200 | 265 | 340 | 324 | 322 | 285 | 287 | |
| Total Assets | 429 | 362 | 291 | 290 | 274 | 308 | 379 | 469 | 557 | 560 | 543 | 532 | 560 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25 | 61 | 56 | 25 | 57 | 30 | 50 | 11 | 17 | 58 | 54 | 121 | |
| -38 | -9 | -1 | 5 | -2 | -34 | -30 | -33 | -45 | -34 | -11 | -50 | |
| 9 | -53 | -54 | -28 | -57 | 2 | -19 | 22 | 29 | -22 | -46 | -66 | |
| Net Cash Flow | -4 | -0 | 0 | 2 | -2 | -1 | 1 | 0 | 1 | 2 | -3 | 5 |
| Free Cash Flow | -14 | 52 | 54 | 24 | 55 | 28 | 38 | -54 | -30 | 16 | 35 | 107 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 69% | 201% | 132% | 52% | 96% | 81% | 76% | 33% | 43% | 103% | 109% | 218% |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 38 | 49 | 51 | 41 | 49 | 31 | 29 | 22 | 18 | 23 | 21 |
| Inventory Days | 181 | 153 | 108 | 193 | 181 | 189 | 172 | 230 | 260 | 235 | 242 | 172 |
| Days Payable | 84 | 89 | 69 | 77 | 61 | 84 | 77 | 59 | 58 | 39 | 45 | 51 |
| Cash Conversion Cycle | 133 | 102 | 89 | 168 | 161 | 155 | 126 | 200 | 224 | 214 | 221 | 142 |
| Working Capital Days | -35 | -13 | 9 | 13 | 77 | 74 | 42 | 75 | 82 | 76 | 87 | 71 |
| ROCE % | 9% | 1% | 9% | 20% | 24% | 15% | 31% | 26% | 14% | 10% | 7% | 10% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Capacity Utilization % |
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| Value-Added Products (VAP) Share of Revenue % |
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| Non-Asbestos Share of Sales % |
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| Dealers & Distributors count |
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| Installed Capacity MTPA |
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| Number of Plants count |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
- ICRA upgraded Sahyadri’s bank facilities to A/Stable and A1, total rated limits Rs 270.30 crore.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Please find attached herewith Investors presentation for the quarter ended on 30th September 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Sahyadri Industries reported Q2 and H1 FY27 results, with Q2 income up 18%, PAT up 352%.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- We are enclosing copies of Unaudited Financial Results for the quarter ened on 30th September 2026 published in newspapers "Financial Express" and "Loksatta" on 01st …
- Board Meeting Outcome For Unaudited Financial Results For Quarter Ended On 30Th September 2026
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from bse
Concalls
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Nov 2026PPT
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Aug 2026PPT
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May 2026PPT
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Feb 2026PPT
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Nov 2025PPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022PPT
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May 2022PPT
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Feb 2022PPT
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Oct 2021PPT
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Jul 2021PPT
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Jul 2021PPT
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May 2021PPT
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Feb 2021PPT
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Nov 2020PPT
Business Overview:[1][2]
SIL is a flagship company of The Patel
Group. It provides building material products
for interior and exterior building systems and roofing solutions. It manufactures and sells products such as asbestos corrugated sheets and boards and non-asbestos cement boards.