Sahyadri Industries Ltd

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

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.

  • 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

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
167 225 120 135 154 217 106 131 151 215 125 145 195
152 198 108 123 140 193 97 123 139 194 116 132 176
Operating Profit 15 28 13 12 14 24 9 8 13 20 9 13 19
OPM % 9% 12% 10% 9% 9% 11% 9% 6% 8% 9% 7% 9% 10%
1 1 1 1 1 1 1 1 1 2 1 1 2
Interest 3 3 3 3 3 2 1 2 2 1 1 1 1
Depreciation 6 6 6 6 6 6 6 6 6 6 6 6 6
Profit before tax 7 20 5 4 5 17 3 1 6 14 4 7 14
Tax % 30% 25% 28% 27% 22% 26% 28% 26% 25% 26% 26% 26% 24%
5 15 4 3 4 12 2 1 4 11 3 5 11
EPS in Rs 4.32 13.80 3.46 2.90 3.92 11.41 1.76 0.69 3.90 9.84 2.48 4.54 9.64
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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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Overall Capacity Utilization
%
Number of Dealers and Distributors
count
Number of Manufacturing Plants
count
Total Installed Capacity
MTPA
Share of Non-Asbestos Products in Sales
%
Number of Products
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12%
0.00% 0.00% 0.00% 0.01% 0.00% 0.06% 0.00% 0.04% 0.03% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
28.87% 28.87% 28.88% 28.86% 28.88% 28.82% 28.89% 28.84% 28.85% 28.89% 28.87% 28.87%
No. of Shareholders 11,09611,18810,79210,51210,37211,32011,49211,46111,26911,14910,83810,627

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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