Sicagen India Ltd

Sicagen India Ltd

₹ 66.0 0.14%
22 May - 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

  • Market Cap 261 Cr.
  • Current Price 66.0
  • High / Low 119 / 52.5
  • Stock P/E 20.1
  • Book Value 111
  • Dividend Yield 0.91 %
  • ROCE 4.81 %
  • ROE 2.98 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.59 times its book value
  • Company has delivered good profit growth of 43.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.5%

Cons

  • The company has delivered a poor sales growth of 4.43% over past five years.
  • Company has a low return on equity of 2.45% over last 3 years.
  • Earnings include an other income of Rs.9.01 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
131.09 105.57 99.76 109.02 124.39 113.35 115.84 131.46 116.31 152.55 127.32 123.07 136.22
127.56 101.54 97.20 104.46 120.58 107.10 112.99 128.12 112.22 145.64 122.62 118.76 129.95
Operating Profit 3.53 4.03 2.56 4.56 3.81 6.25 2.85 3.34 4.09 6.91 4.70 4.31 6.27
OPM % 2.69% 3.82% 2.57% 4.18% 3.06% 5.51% 2.46% 2.54% 3.52% 4.53% 3.69% 3.50% 4.60%
3.95 1.32 2.12 1.88 10.19 1.26 1.33 2.20 1.29 1.38 3.15 2.88 1.60
Interest 0.95 1.12 1.03 1.10 1.20 1.41 1.23 1.38 1.44 1.40 1.54 1.36 1.51
Depreciation 1.22 1.26 1.94 1.26 1.73 1.18 1.21 1.29 1.33 1.35 1.35 1.34 1.33
Profit before tax 5.31 2.97 1.71 4.08 11.07 4.92 1.74 2.87 2.61 5.54 4.96 4.49 5.03
Tax % 22.60% 27.95% 32.16% 21.57% 4.07% 25.41% 40.80% 31.36% 16.48% 25.45% 30.85% 27.17% 26.44%
4.11 2.14 1.16 3.20 10.62 3.67 1.03 1.97 2.18 4.13 3.43 3.27 3.70
EPS in Rs 1.04 0.54 0.29 0.81 2.68 0.93 0.26 0.50 0.55 1.04 0.87 0.83 0.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
430 486 451 561 566 538 434 348 443 439 477 539
449 488 451 555 563 532 426 336 426 424 460 517
Operating Profit -19 -2 -0 5 4 6 8 12 17 15 17 22
OPM % -5% -0% -0% 1% 1% 1% 2% 3% 4% 3% 4% 4%
40 15 14 10 12 8 8 5 -2 16 6 9
Interest 6 6 6 6 7 7 6 4 4 4 5 6
Depreciation 3 3 3 2 2 2 5 5 6 6 5 5
Profit before tax 11 4 6 8 7 5 5 8 5 20 12 20
Tax % -1% 18% -19% 1% 9% 57% 59% 30% 79% 14% 27% 27%
11 3 7 8 6 2 2 6 1 17 9 15
EPS in Rs 2.74 0.77 1.82 1.90 1.62 0.55 0.54 1.48 0.26 4.33 2.26 3.67
Dividend Payout % 29% 78% 33% 32% 37% 72% 93% 41% 98% 14% 26% 27%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: 7%
TTM: 13%
Compounded Profit Growth
10 Years: 20%
5 Years: 44%
3 Years: 82%
TTM: 39%
Stock Price CAGR
10 Years: 14%
5 Years: 43%
3 Years: 33%
1 Year: 6%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 40 40 40 40 40 40 40 40 40 40 40 40
Reserves 376 376 381 343 346 341 336 350 367 375 391 400
72 48 45 66 53 65 38 35 37 53 50 65
103 73 65 57 70 59 35 21 29 19 27 27
Total Liabilities 591 537 530 505 509 505 448 445 472 486 508 531
36 31 30 80 82 36 44 43 40 39 40 41
CWIP 0 0 0 0 0 0 0 0 0 0 1 0
Investments 135 135 135 160 146 146 143 154 170 170 179 180
420 371 365 264 281 323 261 248 262 278 287 311
Total Assets 591 537 530 505 509 505 448 445 472 486 508 531

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-6 -11 1 -12 -11 6 -37 25 1 11 28 24
19 11 5 22 20 0 40 -17 6 -3 -11 -13
-18 -11 -10 -9 -9 -8 -11 -7 -9 -8 -16 -11
Net Cash Flow -5 -10 -4 2 -0 -1 -8 1 -2 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 71 60 67 75 85 84 88 102 79 66 63 66
Inventory Days 63 41 45 41 38 39 46 46 35 62 55 46
Days Payable 40 20 20 32 42 38 23 11 17 9 8 11
Cash Conversion Cycle 94 80 91 84 81 85 110 137 97 118 110 102
Working Capital Days 91 73 89 84 83 93 126 137 128 144 129 121
ROCE % 0% 2% 3% 3% 3% 3% 3% 3% 3% 3% 4% 5%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 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 28,98227,49425,68925,31425,19925,16025,11424,72624,30924,85524,45323,934

* 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.

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

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