Sicagen India Ltd

Sicagen India Ltd

₹ 72.2 0.61%
24 Apr 10:53 a.m.
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 286 Cr.
  • Current Price 72.2
  • High / Low 79.5 / 33.0
  • Stock P/E 22.0
  • Book Value 116
  • Dividend Yield 0.82 %
  • ROCE 4.29 %
  • ROE 2.72 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.62 times its book value
  • Company has delivered good profit growth of 59.1% CAGR over last 5 years
  • Debtor days have improved from 99.6 to 76.2 days.

Cons

  • The company has delivered a poor sales growth of 3.94% over past five years.
  • Company has a low return on equity of 0.53% over last 3 years.
  • Earnings include an other income of Rs.13.2 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
159.49 199.54 132.58 158.28 229.73 315.55 163.87 245.82 258.19 227.42 166.43 180.08 227.71
158.11 190.23 126.20 155.39 224.89 307.71 158.96 242.46 251.32 216.05 157.99 174.97 222.48
Operating Profit 1.38 9.31 6.38 2.89 4.84 7.84 4.91 3.36 6.87 11.37 8.44 5.11 5.23
OPM % 0.87% 4.67% 4.81% 1.83% 2.11% 2.48% 3.00% 1.37% 2.66% 5.00% 5.07% 2.84% 2.30%
1.82 2.35 0.92 -5.07 1.70 2.34 2.18 2.95 1.87 7.55 1.32 1.49 2.85
Interest 1.28 1.49 1.31 1.33 1.58 1.68 1.91 2.05 2.28 2.64 2.59 2.47 2.65
Depreciation 2.25 2.94 2.27 3.19 2.65 2.82 2.08 2.78 2.13 3.55 2.12 2.12 2.20
Profit before tax -0.33 7.23 3.72 -6.70 2.31 5.68 3.10 1.48 4.33 12.73 5.05 2.01 3.23
Tax % -312.12% 47.30% 26.34% -33.58% 35.93% 27.46% 26.77% 37.16% 20.32% 12.25% 24.75% 35.32% 28.17%
-1.36 3.81 2.74 -8.95 1.48 4.12 2.27 0.93 3.45 11.17 3.80 1.30 2.32
EPS in Rs -0.34 0.96 0.69 -2.26 0.37 1.04 0.57 0.24 0.87 2.82 0.96 0.33 0.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,058 1,027 620 645 601 711 738 820 699 542 836 895 802
1,052 994 631 644 608 707 737 817 688 533 814 869 771
Operating Profit 6 34 -11 1 -7 3 1 3 11 9 22 27 30
OPM % 1% 3% -2% 0% -1% 0% 0% 0% 2% 2% 3% 3% 4%
38 7 41 18 18 15 15 15 11 8 -0 15 13
Interest 12 11 7 6 6 7 9 9 9 5 6 9 10
Depreciation 4 4 6 5 5 4 5 6 10 10 11 11 10
Profit before tax 29 26 17 8 -1 8 2 3 3 1 5 22 23
Tax % 29% 31% 1% 13% 300% 3% 30% 95% 89% 322% 112% 18%
21 18 17 7 1 7 1 0 0 -3 -1 18 19
EPS in Rs 5.19 4.52 4.27 1.67 0.27 1.89 0.29 0.03 0.09 -0.81 -0.15 4.50 4.70
Dividend Payout % 19% 22% 19% 36% 224% 32% 206% 1,218% 550% -74% -162% 13%
Compounded Sales Growth
10 Years: -1%
5 Years: 4%
3 Years: 9%
TTM: -18%
Compounded Profit Growth
10 Years: -5%
5 Years: 59%
3 Years: 219%
TTM: 18%
Stock Price CAGR
10 Years: 17%
5 Years: 26%
3 Years: 63%
1 Year: 107%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: 1%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 40 40 40 40 40 40 40 40 40 40 40 40 40
Reserves 402 421 441 439 443 345 353 343 336 355 383 400 419
93 103 73 48 60 89 97 119 96 79 95 121 132
110 112 119 84 76 105 114 184 133 72 140 68 57
Total Liabilities 643 675 673 610 619 578 604 685 605 546 656 629 648
57 60 64 59 57 183 203 151 168 168 141 141 139
CWIP 0 2 0 1 2 12 0 0 1 0 0 0 0
Investments 98 100 100 100 100 54 34 26 20 37 70 69 77
488 513 509 451 460 329 367 507 417 340 445 418 431
Total Assets 643 675 673 610 619 578 604 685 605 546 656 629 648

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
39 16 -14 2 -3 -41 -12 20 -37 31 -2 15
-31 8 17 2 9 5 11 -5 45 -17 18 -4
7 -17 -18 -11 4 22 -4 -12 -18 -12 -18 -13
Net Cash Flow 15 7 -15 -6 10 -13 -5 3 -10 3 -2 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 35 44 75 61 71 75 91 119 108 115 107 76
Inventory Days 41 47 70 56 59 70 68 58 78 80 50 65
Days Payable 14 18 35 19 19 32 42 75 60 40 60 24
Cash Conversion Cycle 63 73 110 98 110 113 117 102 126 155 97 117
Working Capital Days 64 66 104 90 106 106 115 110 138 155 121 130
ROCE % 7% 7% 2% 2% 1% 3% 2% 3% 3% 2% 4% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
39.85% 39.85% 38.78% 38.78% 38.78% 45.66% 45.66% 50.57% 55.46% 55.46% 55.46% 55.46%
12.33% 12.33% 12.33% 12.33% 12.33% 7.34% 7.34% 7.34% 7.34% 7.34% 7.34% 7.34%
0.61% 0.61% 0.61% 0.61% 0.61% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60%
47.20% 47.21% 48.28% 48.28% 48.28% 46.39% 46.38% 41.49% 36.60% 36.59% 36.60% 36.58%
No. of Shareholders 33,93428,68028,33929,64428,98227,49425,68925,31425,19925,16025,11424,726

* 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.

Documents