Sicagen India Ltd
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]
- Market Cap ₹ 221 Cr.
- Current Price ₹ 56.4
- High / Low ₹ 79.4 / 42.1
- Stock P/E 16.8
- Book Value ₹ 106
- Dividend Yield 1.77 %
- ROCE 4.77 %
- ROE 3.05 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.53 times its book value
- Company has been maintaining a healthy dividend payout of 28.2%
Cons
- The company has delivered a poor sales growth of 8.39% over past five years.
- Company has a low return on equity of 2.76% over last 3 years.
- Earnings include an other income of Rs.7.64 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
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 486 | 451 | 561 | 566 | 538 | 434 | 348 | 443 | 439 | 477 | 539 | 520 | |
| 488 | 451 | 555 | 563 | 532 | 426 | 336 | 426 | 424 | 460 | 517 | 499 | |
| Operating Profit | -2 | -0 | 5 | 4 | 6 | 8 | 12 | 17 | 15 | 17 | 22 | 21 |
| OPM % | -0% | -0% | 1% | 1% | 1% | 2% | 3% | 4% | 3% | 4% | 4% | 4% |
| 15 | 14 | 10 | 12 | 8 | 8 | 5 | -2 | 16 | 6 | 9 | 8 | |
| Interest | 6 | 6 | 6 | 7 | 7 | 6 | 4 | 4 | 4 | 5 | 6 | 6 |
| Depreciation | 3 | 3 | 2 | 2 | 2 | 5 | 5 | 6 | 6 | 5 | 5 | 5 |
| Profit before tax | 4 | 6 | 8 | 7 | 5 | 5 | 8 | 5 | 20 | 12 | 20 | 17 |
| Tax % | 18% | -19% | 1% | 9% | 57% | 59% | 30% | 79% | 14% | 27% | 27% | 26% |
| 3 | 7 | 8 | 6 | 2 | 2 | 6 | 1 | 17 | 9 | 15 | 13 | |
| EPS in Rs | 0.77 | 1.82 | 1.90 | 1.62 | 0.55 | 0.54 | 1.48 | 0.26 | 4.33 | 2.24 | 3.67 | 3.26 |
| Dividend Payout % | 78% | 33% | 32% | 37% | 72% | 93% | 41% | 98% | 14% | 27% | 27% | 31% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 17% |
| 3 Years: | 14% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 20% |
| 3 Years: | 4% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 376 | 381 | 343 | 346 | 341 | 336 | 350 | 367 | 375 | 384 | 400 | 381 |
| 48 | 45 | 66 | 53 | 65 | 38 | 35 | 37 | 53 | 50 | 65 | 64 | |
| 73 | 65 | 57 | 70 | 59 | 35 | 21 | 29 | 19 | 27 | 27 | 37 | |
| Total Liabilities | 537 | 530 | 505 | 509 | 505 | 448 | 445 | 472 | 486 | 500 | 531 | 522 |
| 31 | 30 | 80 | 82 | 36 | 44 | 43 | 40 | 39 | 40 | 41 | 41 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 135 | 135 | 160 | 146 | 146 | 143 | 154 | 170 | 170 | 175 | 180 | 180 |
| 371 | 365 | 264 | 281 | 323 | 261 | 248 | 262 | 278 | 284 | 311 | 300 | |
| Total Assets | 537 | 530 | 505 | 509 | 505 | 448 | 445 | 472 | 486 | 500 | 531 | 522 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -11 | 1 | -12 | -11 | 6 | -37 | 25 | 1 | 11 | 28 | 24 | 17 | |
| 11 | 5 | 22 | 20 | 0 | 40 | -17 | 6 | -3 | -11 | -13 | -5 | |
| -11 | -10 | -9 | -9 | -8 | -11 | -7 | -9 | -8 | -16 | -11 | -13 | |
| Net Cash Flow | -10 | -4 | 2 | -0 | -1 | -8 | 1 | -2 | -0 | 0 | 0 | -0 |
| Free Cash Flow | -6 | -1 | -15 | -14 | 48 | -41 | 23 | 4 | 8 | 26 | 25 | 13 |
| CFO/OP | 433% | -944% | -220% | -266% | 201% | -435% | 231% | 23% | 87% | 179% | 124% | 103% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 60 | 67 | 75 | 85 | 84 | 88 | 102 | 79 | 66 | 63 | 66 | 72 |
| Inventory Days | 41 | 45 | 41 | 38 | 39 | 46 | 46 | 35 | 62 | 55 | 46 | 50 |
| Days Payable | 20 | 20 | 32 | 42 | 38 | 23 | 11 | 17 | 9 | 9 | 11 | 18 |
| Cash Conversion Cycle | 80 | 91 | 84 | 81 | 85 | 110 | 137 | 97 | 118 | 110 | 102 | 105 |
| Working Capital Days | 45 | 53 | 41 | 49 | 48 | 97 | 103 | 100 | 103 | 94 | 80 | 83 |
| ROCE % | 2% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 4% | 5% | 5% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Branches/Sales Offices Number |
|
||||||||||
| Number of Permanent Employees Number |
|||||||||||
| Gross Current Asset (GCA) Days Days |
|||||||||||
| Industrial Packaging (Drums) Sales Volume Number of Barrels |
|||||||||||
| Specialty Chemicals Sales Volume MT |
|||||||||||
| Planned HDPE Barrel Production Capacity Barrels per annum |
|||||||||||
Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Submitted annual secretarial compliance report for FY2026; no deviations, clarifications on KMP and independent director resolved.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
13 May - Board approved FY26 audited results, 10% dividend, and appointed Prasanna Joshi as Whole-Time Director after Varma's resignation.
-
Announcement under Regulation 30 (LODR)-Change in Management
13 May - Board approved FY26 audited results, recommended 10% dividend, and named new whole-time director after resignation.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
13 May - Approved FY26 audited results, 10% dividend, and appointed Prasanna Joshi as Whole-Time Director after Nandakumar Varma resigned.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
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