Siddhika Coatings Ltd
Incorporated in 2010, Siddhika Coatings Ltd is in the business of dealing in Oil Paints, Distempers, Cell Paints, Colours, Varnishes, Enamels, etc.
- Market Cap ₹ 120 Cr.
- Current Price ₹ 195
- High / Low ₹ 212 / 117
- Stock P/E 15.0
- Book Value ₹ 58.6
- Dividend Yield 0.85 %
- ROCE 32.4 %
- ROE 24.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 23.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.9%
- Debtor days have improved from 47.8 to 27.8 days.
Cons
- Working capital days have increased from 58.6 days to 107 days
* 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: Miscellaneous Industry: Miscellaneous
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16.72 | 14.46 | 19.11 | 22.87 | 21.26 | 31.14 | 29.34 | 16.53 | 20.35 | 32.21 | 36.81 | 48.02 | |
14.29 | 12.19 | 16.09 | 19.28 | 17.83 | 26.61 | 25.57 | 15.30 | 18.53 | 27.85 | 30.95 | 38.47 | |
Operating Profit | 2.43 | 2.27 | 3.02 | 3.59 | 3.43 | 4.53 | 3.77 | 1.23 | 1.82 | 4.36 | 5.86 | 9.55 |
OPM % | 14.53% | 15.70% | 15.80% | 15.70% | 16.13% | 14.55% | 12.85% | 7.44% | 8.94% | 13.54% | 15.92% | 19.89% |
0.10 | 0.07 | 0.09 | 0.09 | 0.15 | 0.26 | 0.27 | 0.18 | 0.36 | 0.51 | 0.73 | 1.33 | |
Interest | 0.01 | 0.01 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.03 | 0.02 | 0.06 | 0.05 | 0.02 |
Depreciation | 0.04 | 0.14 | 0.12 | 0.16 | 0.12 | 0.14 | 0.16 | 0.14 | 0.14 | 0.19 | 0.19 | 0.27 |
Profit before tax | 2.48 | 2.19 | 2.93 | 3.47 | 3.42 | 4.60 | 3.83 | 1.24 | 2.02 | 4.62 | 6.35 | 10.59 |
Tax % | 33.47% | 33.79% | 33.11% | 33.14% | 27.49% | 27.39% | 25.33% | 26.61% | 19.80% | 23.81% | 29.92% | 24.17% |
1.65 | 1.46 | 1.96 | 2.32 | 2.48 | 3.34 | 2.87 | 0.90 | 1.61 | 3.52 | 4.44 | 8.03 | |
EPS in Rs | 33.00 | 29.20 | 39.20 | 46.40 | 49.60 | 66.80 | 6.38 | 2.00 | 2.60 | 5.68 | 7.16 | 13.00 |
Dividend Payout % | 0.00% | 0.00% | 2.82% | 11.90% | 0.00% | 10.33% | 15.82% | 50.44% | 46.06% | 26.34% | 22.97% | 25.40% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 10% |
3 Years: | 33% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 24% |
3 Years: | 72% |
TTM: | 87% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 58% |
1 Year: | 33% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 15% |
3 Years: | 19% |
Last Year: | 25% |
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 | 0.25 | 0.23 | 0.23 | 0.23 | 0.23 | 2.27 | 2.27 | 3.09 | 3.09 | 3.09 | 6.18 | |
Reserves | 3.61 | 4.70 | 6.64 | 8.69 | 10.83 | 14.04 | 14.94 | 19.81 | 22.59 | 26.11 | 30.03 | |
0.25 | 0.61 | 0.33 | 0.25 | 0.26 | 0.33 | 0.33 | 0.28 | 0.00 | 0.00 | 0.00 | ||
3.49 | 2.51 | 4.00 | 3.75 | 3.49 | 5.36 | 3.11 | 3.86 | 7.58 | 9.73 | 9.20 | ||
Total Liabilities | 7.60 | 8.05 | 11.20 | 12.92 | 14.81 | 22.00 | 20.65 | 27.04 | 33.26 | 38.93 | 45.41 | |
0.20 | 0.27 | 0.37 | 0.40 | 1.98 | 1.97 | 1.76 | 3.48 | 3.46 | 3.58 | 1.05 | ||
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Investments | 1.62 | 1.62 | 2.07 | 2.92 | 1.45 | 2.41 | 4.93 | 5.48 | 8.35 | 13.60 | 21.02 | |
5.78 | 6.16 | 8.76 | 9.60 | 11.38 | 17.62 | 13.96 | 18.08 | 21.45 | 21.75 | 23.34 | ||
Total Assets | 7.60 | 8.05 | 11.20 | 12.92 | 14.81 | 22.00 | 20.65 | 27.04 | 33.26 | 38.93 | 45.41 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 0.00 | 0.00 | 0.77 | 2.95 | 0.37 | 3.59 | 4.86 | 3.88 | 4.20 | ||
0.00 | 0.00 | 0.00 | 0.00 | -0.06 | -1.10 | -2.30 | -2.12 | -2.70 | -4.95 | -4.01 | ||
0.00 | 0.00 | 0.00 | 0.00 | -0.34 | -0.55 | -0.02 | 4.03 | -1.05 | -0.94 | -1.04 | ||
Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 1.31 | -1.94 | 5.50 | 1.10 | -2.01 | -0.85 |
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 | 42.35 | 62.60 | 72.01 | 51.55 | 61.29 | 65.81 | 101.13 | 57.22 | 50.09 | 65.35 | 27.82 | |
Inventory Days | 56.55 | 72.55 | 86.02 | 46.94 | 99.79 | 104.97 | 224.67 | 163.95 | 136.16 | 76.18 | 79.83 | |
Days Payable | 115.67 | 92.95 | 0.00 | 3.87 | 46.88 | 4.41 | 8.21 | 14.96 | 14.19 | 18.82 | 14.31 | |
Cash Conversion Cycle | -16.77 | 42.20 | 158.03 | 94.62 | 114.20 | 166.37 | 317.59 | 206.21 | 172.06 | 122.70 | 93.33 | |
Working Capital Days | 37.98 | 70.68 | 75.06 | 63.20 | 99.40 | 89.45 | 186.81 | 100.26 | 44.65 | 23.60 | 107.40 | |
ROCE % | 78.16% | 45.39% | 46.94% | 43.01% | 33.77% | 7.08% | 9.82% | 18.99% | 22.59% | 32.44% |
Documents
Announcements
-
Outcome of Board Meeting-XBRL
21 May 2025 - SIDDHIKA COATINGS LIMITED has informed regarding Outcome of Board Meeting held on 16-May-2025 for Dividend
-
Outcome of Board Meeting
19 May 2025 - Siddhika Coatings reports audited FY25 results, declares Rs 3.30 final dividend per share, auditor unmodified opinion.
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Statement of deviation(s) or variation(s) under Reg. 32
16 May 2025 - No deviation in utilization of Rs 4.7 Cr IPO funds for FY ended March 31, 2025.
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Outcome of Board Meeting
16 May 2025 - Siddhika Coatings reports FY25 audited results, declares Rs 3.30 final dividend per share.
-
Dividend
16 May 2025 - Audited FY25 results with Rs 3.30 final dividend recommended, unmodified audit opinion.
Business Overview:[1][2]
The company is a texture paint contract company
in a single brand segment and does business in Architectural Coatings Supplies & Applications. The company is an authorized marketing agent
& applicator for SK Kaken Ltd., Japan, and
an authorized importer of its products through
SKK Singapore Pte. Ltd. Company also provides application services which include preparing and coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural textured pigments and technical-grade functional coatings.