Sicagen India Ltd

₹ 58.9 -1.73%

30 Apr - close price

About

Incorporated in 2004, Sicagen India is in the business of trading Building materials, Sales & Servicing Power and controls systems, manufacturing of MS barrels and water treatment chemicals^[1]

Key Points

Business Overview:^[1]
Company is an ISO 9001:2015 certified company and part of the Singapore headquartered $2+ billion AM International group, Sicagen has 5 business verticals and 2 subsidiaries.
It is an integrated, value-added solutions provider for Building Materials, Power & Control Systems, Industrial Packaging and Speciality Chemicals for water treatment

Website BSE

Market Cap ₹ 233 Cr.
Current Price ₹ 58.9
High / Low ₹ 119 / 52.5
Stock P/E 17.9
Book Value ₹ 111
Dividend Yield 1.02 %
ROCE 3.86 %
ROE 2.21 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.53 times its book value
Company has been maintaining a healthy dividend payout of 46.1%

Cons

The company has delivered a poor sales growth of -2.37% over past five years.
Company has a low return on equity of 1.64% over last 3 years.
Earnings include an other income of Rs.8.78 Cr.

* 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.

Peer comparison

Sector: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	118.17	131.09	105.57	99.76	109.02	124.39	113.35	115.84	131.46	116.31	152.55	127.32	123.07
	114.37	127.56	101.54	97.20	104.46	120.58	107.10	112.99	128.12	112.22	145.64	122.62	118.84
Operating Profit	3.80	3.53	4.03	2.56	4.56	3.81	6.25	2.85	3.34	4.09	6.91	4.70	4.23
OPM %	3.22%	2.69%	3.82%	2.57%	4.18%	3.06%	5.51%	2.46%	2.54%	3.52%	4.53%	3.69%	3.44%
	0.97	3.95	1.32	2.12	1.88	10.19	1.26	1.33	2.20	1.29	1.38	3.15	2.96
Interest	0.97	0.95	1.12	1.03	1.10	1.20	1.41	1.23	1.38	1.44	1.40	1.54	1.36
Depreciation	1.69	1.22	1.26	1.94	1.26	1.73	1.18	1.21	1.29	1.33	1.35	1.35	1.34
Profit before tax	2.11	5.31	2.97	1.71	4.08	11.07	4.92	1.74	2.87	2.61	5.54	4.96	4.49
Tax %	39.34%	22.60%	27.95%	32.16%	21.57%	4.07%	25.41%	40.80%	31.36%	16.86%	25.45%	30.85%	27.17%
	1.28	4.11	2.14	1.16	3.20	10.62	3.67	1.03	1.97	2.17	4.13	3.43	3.27
EPS in Rs	0.32	1.04	0.54	0.29	0.81	2.68	0.93	0.26	0.50	0.55	1.04	0.87	0.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	884	430	486	451	561	566	538	434	348	443	439	477	519
	857	449	488	451	555	563	532	426	336	426	424	460	499
Operating Profit	28	-19	-2	-0	5	4	6	8	12	17	15	17	20
OPM %	3%	-5%	-0%	-0%	1%	1%	1%	2%	3%	4%	3%	4%	4%
	6	40	15	14	10	12	8	8	5	-2	16	6	9
Interest	11	6	6	6	6	7	7	6	4	4	4	5	6
Depreciation	2	3	3	3	2	2	2	5	5	6	6	5	5
Profit before tax	21	11	4	6	8	7	5	5	8	5	20	12	18
Tax %	36%	-1%	18%	-19%	1%	9%	57%	59%	30%	79%	14%	27%
	13	11	3	7	8	6	2	2	6	1	17	9	13
EPS in Rs	3.36	2.74	0.77	1.82	1.90	1.62	0.55	0.54	1.48	0.26	4.33	2.26	3.29
Dividend Payout %	30%	29%	78%	33%	32%	37%	72%	93%	41%	98%	14%	26%

Compounded Sales Growth
10 Years:	1%
5 Years:	-2%
3 Years:	11%
TTM:	7%

Compounded Profit Growth
10 Years:	20%
5 Years:	27%
3 Years:	16%
TTM:	46%

Stock Price CAGR
10 Years:	16%
5 Years:	36%
3 Years:	25%
1 Year:	-14%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	2%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	40	40	40	40	40	40	40	40	40	40	40	40	40
Reserves	369	376	376	381	343	346	341	336	350	367	375	391	400
	103	72	48	45	66	53	65	38	35	37	53	50	69
	105	103	73	65	57	70	59	35	21	29	19	27	23
Total Liabilities	616	591	537	530	505	509	505	448	445	472	486	508	531
	32	36	31	30	80	82	36	44	43	40	39	40	40
CWIP	1	0	0	0	0	0	0	0	0	0	0	1	0
Investments	135	135	135	135	160	146	146	143	154	170	170	179	186
	447	420	371	365	264	281	323	261	248	262	278	287	305
Total Assets	616	591	537	530	505	509	505	448	445	472	486	508	531

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	14	-6	-11	1	-12	-11	6	-37	25	1	11	28
	-1	19	11	5	22	20	0	40	-17	6	-3	-11
	-7	-18	-11	-10	-9	-9	-8	-11	-7	-9	-8	-16
Net Cash Flow	6	-5	-10	-4	2	-0	-1	-8	1	-2	-0	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	41	71	60	67	75	85	84	88	102	79	66	63
Inventory Days	42	63	41	45	41	38	39	46	46	35	62	55
Days Payable	19	40	20	20	32	42	38	23	11	17	9	8
Cash Conversion Cycle	64	94	80	91	84	81	85	110	137	97	118	110
Working Capital Days	58	91	73	89	84	83	93	126	137	128	144	129
ROCE %	7%	0%	2%	3%	3%	3%	3%	3%	3%	3%	3%	4%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	38.78%	45.66%	45.66%	50.57%	55.46%	55.46%	55.46%	55.46%	55.46%	60.39%	60.39%	60.39%
	12.33%	7.34%	7.34%	7.34%	7.34%	7.34%	7.34%	7.34%	7.34%	2.42%	2.42%	2.42%
	0.61%	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%	0.58%	0.58%
	48.28%	46.39%	46.38%	41.49%	36.60%	36.59%	36.60%	36.58%	36.59%	36.58%	36.61%	36.61%
No. of Shareholders	28,982	27,494	25,689	25,314	25,199	25,160	25,114	24,726	24,309	24,855	24,453	23,934

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	41.91%	41.91%	41.79%	41.79%	39.85%	38.78%	50.57%	55.46%	60.39%
	10.51%	12.21%	12.33%	12.33%	12.33%	12.33%	7.34%	7.34%	2.42%
	2.50%	0.67%	0.62%	0.61%	0.61%	0.61%	0.60%	0.60%	0.58%
	45.07%	45.21%	45.26%	45.27%	47.20%	48.28%	41.49%	36.58%	36.61%
No. of Shareholders	42,604	41,625	40,834	40,113	39,261	29,644	25,314	24,726	23,934

* 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.

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Sicagen India Ltd

Sicagen India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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