Siddhika Coatings Ltd
Incorporated in 2010, Siddhika Coatings Ltd is in the business of paint contracting and selling of paint and allied products.[1]
- Market Cap ₹ 120 Cr.
- Current Price ₹ 194
- High / Low ₹ 219 / 117
- Stock P/E 15.6
- Book Value ₹ 58.6
- Dividend Yield 1.71 %
- ROCE 31.1 %
- ROE 23.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 22.8% 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
* 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
Consumer Discretionary Consumer Durables Consumer Durables Paints
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 | 48.01 | |
14.29 | 12.19 | 16.09 | 19.28 | 17.83 | 26.61 | 25.57 | 15.30 | 18.53 | 27.85 | 30.95 | 38.44 | |
Operating Profit | 2.43 | 2.27 | 3.02 | 3.59 | 3.43 | 4.53 | 3.77 | 1.23 | 1.82 | 4.36 | 5.86 | 9.57 |
OPM % | 14.53% | 15.70% | 15.80% | 15.70% | 16.13% | 14.55% | 12.85% | 7.44% | 8.94% | 13.54% | 15.92% | 19.93% |
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 | 0.04 |
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: | 18% |
5 Years: | 23% |
3 Years: | 69% |
TTM: | 79% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 62% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 15% |
3 Years: | 18% |
Last Year: | 24% |
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 | 9.19 | ||
Total Liabilities | 7.60 | 8.05 | 11.20 | 12.92 | 14.81 | 22.00 | 20.65 | 27.04 | 33.26 | 38.93 | 45.40 | |
0.20 | 0.27 | 0.37 | 0.40 | 1.98 | 1.97 | 1.76 | 3.48 | 3.46 | 3.58 | 3.85 | ||
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 | 18.22 | |
5.78 | 6.16 | 8.76 | 9.60 | 11.38 | 17.62 | 13.96 | 18.08 | 21.45 | 21.75 | 23.33 | ||
Total Assets | 7.60 | 8.05 | 11.20 | 12.92 | 14.81 | 22.00 | 20.65 | 27.04 | 33.26 | 38.93 | 45.40 |
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 | 27.83 | |
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 | 93.34 | |
Working Capital Days | 37.98 | 70.68 | 75.06 | 63.20 | 99.40 | 89.45 | 186.81 | 100.26 | 44.65 | 23.60 | 6.54 | |
ROCE % | 78.16% | 45.39% | 46.94% | 43.01% | 33.77% | 7.08% | 9.82% | 18.99% | 22.59% | 31.10% |
Documents
Announcements
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Shareholders meeting
5 July 2025 - Submission of voting results and scrutinizer's report for 15th AGM held on July 5, 2025.
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Shareholders meeting
5 July 2025 - 15th AGM held; final dividend Rs 3.30/share; new product launch announced; managerial remuneration increased.
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Copy of Newspaper Publication
10 June 2025 - Siddhika Coatings announces 15th AGM on July 5, 2025 via video conferencing as per regulatory norms.
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Updates
9 June 2025 - Siddhika Coatings Limited has informed regarding ''.the certificate of the statutory auditor to Stock Exchange for utilization of money raised through the public issue (IPO …
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Notice Of Shareholders Meetings-XBRL
6 June 2025 - SIDDHIKA COATINGS LIMITED has informed about Notice of Shareholders Meeting for Annual General Meeting to be held on 05-Jul-2025
Business Overview:[1][2][3][4]
SCL is an authorized marketer and supplier for SK Kaken Ltd. (SKK), a reputed Japanese coatings and pigments manufacturer. It deals in oil paints, distempers, cellure paints, colours, varnishes, and enamels, and also provides application services including surface preparation and coating of civil structures using SKK’s architectural pigments and technical-grade coatings. The company manages over 5 million sq. ft. of annual contract work and is being approached by other niche construction product manufacturers for potential channel partnerships.