Sahyadri Industries Ltd
₹ 318
2.43%
13 May
10:53 a.m.
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 ₹ 348 Cr.
- Current Price ₹ 318
- High / Low ₹ 342 / 200
- Stock P/E 11.8
- Book Value ₹ 371
- Dividend Yield 0.31 %
- ROCE 9.71 %
- ROE 7.51 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.84 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 430 | 358 | 253 | 264 | 287 | 284 | 472 | 542 | 594 | 634 | 605 | 679 | |
| 392 | 327 | 210 | 200 | 218 | 238 | 380 | 442 | 513 | 568 | 551 | 618 | |
| Operating Profit | 38 | 30 | 43 | 64 | 69 | 46 | 92 | 100 | 81 | 66 | 54 | 61 |
| OPM % | 9% | 8% | 17% | 24% | 24% | 16% | 19% | 18% | 14% | 10% | 9% | 9% |
| 1 | 1 | 2 | 4 | 3 | 2 | 6 | 4 | 3 | 4 | 4 | 6 | |
| Interest | 15 | 21 | 17 | 12 | 9 | 5 | 5 | 5 | 9 | 11 | 7 | 3 |
| Depreciation | 13 | 29 | 23 | 21 | 18 | 14 | 14 | 15 | 24 | 24 | 25 | 25 |
| Profit before tax | 11 | -19 | 4 | 36 | 45 | 28 | 79 | 85 | 52 | 35 | 26 | 39 |
| 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 | |
| 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 |
| 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: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | -14% |
| 3 Years: | -7% |
| TTM: | 51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | -3% |
| 3 Years: | -6% |
| 1 Year: | 15% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 105 | 94 | 97 | 121 | 153 | 175 | 236 | 293 | 324 | 349 | 367 | 395 |
| 183 | 152 | 113 | 96 | 47 | 59 | 47 | 80 | 124 | 116 | 78 | 17 | |
| 132 | 106 | 71 | 63 | 64 | 64 | 87 | 84 | 97 | 84 | 86 | 109 | |
| Total Liabilities | 429 | 362 | 291 | 290 | 274 | 308 | 379 | 469 | 557 | 560 | 543 | 532 |
| 165 | 205 | 183 | 159 | 143 | 131 | 127 | 128 | 169 | 181 | 187 | 174 | |
| CWIP | 64 | 1 | 0 | 1 | 2 | 2 | 4 | 54 | 36 | 42 | 31 | 33 |
| Investments | 0 | 0 | 0 | 0 | 0 | 31 | 48 | 21 | 11 | 12 | 3 | 39 |
| 200 | 155 | 108 | 129 | 129 | 144 | 200 | 265 | 340 | 324 | 322 | 285 | |
| Total Assets | 429 | 362 | 291 | 290 | 274 | 308 | 379 | 469 | 557 | 560 | 543 | 532 |
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/OP | 69% | 201% | 132% | 52% | 96% | 81% | 76% | 33% | 43% | 103% | 109% | 218% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 44 | 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 | 92 |
| ROCE % | 9% | 1% | 9% | 20% | 24% | 15% | 31% | 26% | 14% | 10% | 7% | 10% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees count |
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| Number of Manufacturing Plants count |
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| Total Installed Capacity MTPA |
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| Share of Non-Asbestos Products in Sales % |
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| Number of Products count |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9h - Sahyadri Industries reported FY26 audited results, PAT rose 49% to Rs 29 crore, and recommended Rs 1.5 dividend.
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Announcement under Regulation 30 (LODR)-Investor Presentation
9h - Investor presentation for the quarter and year ended 31st March 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copies of audited financial results for the quarter and year ended 31st March 2026 published in newspaper, Financial express and Lok Satta on 10th May …
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Re-Appointment Of Internal And Cost Auditors For The Financial Year 2026-27
9 May - FY26 audited results approved; board recommended Rs.1.5 final dividend and appointed/reappointed directors and auditors.
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Announcement under Regulation 30 (LODR)-Change in Management
9 May - Board approved FY26 audited results, Rs 1.5 final dividend, director/auditor reappointments, AGM notice and committee changes.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Nov 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 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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 through a network of 3,000+ distributors. The company also operates nine windmills in Maharashtra and Rajasthan.