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 ₹ 105 Cr.
- Current Price ₹ 170
- High / Low ₹ 187 / 89.4
- Stock P/E 15.8
- Book Value ₹ 52.6
- Dividend Yield 0.97 %
- ROCE 22.6 %
- ROE 15.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 101%
- Company's working capital requirements have reduced from 56.2 days to 23.6 days
Cons
- Company has a low return on equity of 13.0% over last 3 years.
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
13.88 | 16.72 | 14.46 | 19.11 | 22.87 | 21.26 | 31.14 | 29.34 | 16.53 | 20.35 | 32.21 | 36.81 | 44.46 | |
12.09 | 14.29 | 12.19 | 16.09 | 19.28 | 17.83 | 26.61 | 25.57 | 15.30 | 18.53 | 27.85 | 30.95 | 36.33 | |
Operating Profit | 1.79 | 2.43 | 2.27 | 3.02 | 3.59 | 3.43 | 4.53 | 3.77 | 1.23 | 1.82 | 4.36 | 5.86 | 8.13 |
OPM % | 12.90% | 14.53% | 15.70% | 15.80% | 15.70% | 16.13% | 14.55% | 12.85% | 7.44% | 8.94% | 13.54% | 15.92% | 18.29% |
0.00 | 0.10 | 0.07 | 0.09 | 0.09 | 0.15 | 0.26 | 0.27 | 0.18 | 0.36 | 0.51 | 0.73 | 1.16 | |
Interest | 0.00 | 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 | 0.01 | 0.04 | 0.14 | 0.12 | 0.16 | 0.12 | 0.14 | 0.16 | 0.14 | 0.14 | 0.19 | 0.19 | 0.21 |
Profit before tax | 1.78 | 2.48 | 2.19 | 2.93 | 3.47 | 3.42 | 4.60 | 3.83 | 1.24 | 2.02 | 4.62 | 6.35 | 9.06 |
Tax % | 30.90% | 33.47% | 33.79% | 33.11% | 33.14% | 27.49% | 27.39% | 25.33% | 26.61% | 19.80% | 23.81% | 29.92% | |
1.22 | 1.65 | 1.46 | 1.96 | 2.32 | 2.48 | 3.34 | 2.87 | 0.90 | 1.61 | 3.52 | 4.44 | 6.65 | |
EPS in Rs | 24.40 | 33.00 | 29.20 | 39.20 | 46.40 | 49.60 | 66.80 | 6.38 | 2.00 | 2.60 | 5.68 | 7.16 | 10.75 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 2.82% | 11.90% | 0.00% | 10.33% | 15.82% | 50.44% | 46.06% | 26.34% | 229.66% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 3% |
3 Years: | 31% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 5% |
3 Years: | 71% |
TTM: | 56% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 63% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 13% |
3 Years: | 13% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.25 | 0.25 | 0.23 | 0.23 | 0.23 | 0.23 | 2.27 | 2.27 | 3.09 | 3.09 | 3.09 | 6.18 |
Reserves | 1.96 | 3.61 | 4.70 | 6.64 | 8.69 | 10.83 | 14.04 | 14.94 | 19.81 | 22.59 | 26.11 | 26.29 |
0.00 | 0.25 | 0.61 | 0.33 | 0.25 | 0.26 | 0.33 | 0.33 | 0.28 | 0.00 | 0.00 | 0.00 | |
2.66 | 3.49 | 2.51 | 4.00 | 3.75 | 3.49 | 5.36 | 3.11 | 3.86 | 7.58 | 9.73 | 7.19 | |
Total Liabilities | 4.87 | 7.60 | 8.05 | 11.20 | 12.92 | 14.81 | 22.00 | 20.65 | 27.04 | 33.26 | 38.93 | 39.66 |
0.06 | 0.20 | 0.27 | 0.37 | 0.40 | 1.98 | 1.97 | 1.76 | 3.48 | 3.46 | 3.58 | 1.15 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 1.12 | 1.62 | 1.62 | 2.07 | 2.92 | 1.45 | 2.41 | 4.93 | 5.48 | 8.35 | 13.60 | 15.03 |
3.69 | 5.78 | 6.16 | 8.76 | 9.60 | 11.38 | 17.62 | 13.96 | 18.08 | 21.45 | 21.75 | 23.48 | |
Total Assets | 4.87 | 7.60 | 8.05 | 11.20 | 12.92 | 14.81 | 22.00 | 20.65 | 27.04 | 33.26 | 38.93 | 39.66 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.77 | 2.95 | 0.37 | 3.59 | 4.86 | 3.88 | ||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.06 | -1.10 | -2.30 | -2.12 | -2.70 | -4.95 | ||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.34 | -0.55 | -0.02 | 4.03 | -1.05 | -0.94 | ||
Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 1.31 | -1.94 | 5.50 | 1.10 | -2.01 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22.88 | 42.35 | 62.60 | 72.01 | 51.55 | 61.29 | 65.81 | 101.13 | 57.22 | 50.09 | 65.35 | |
Inventory Days | 16.08 | 56.55 | 72.55 | 86.02 | 46.94 | 99.79 | 104.97 | 224.67 | 163.95 | 136.16 | 76.18 | |
Days Payable | 113.13 | 115.67 | 92.95 | 0.00 | 3.87 | 46.88 | 4.41 | 8.21 | 14.96 | 14.19 | 18.82 | |
Cash Conversion Cycle | -74.18 | -16.77 | 42.20 | 158.03 | 94.62 | 114.20 | 166.37 | 317.59 | 206.21 | 172.06 | 122.70 | |
Working Capital Days | 14.46 | 37.98 | 70.68 | 75.06 | 63.20 | 99.40 | 89.45 | 186.81 | 100.26 | 44.65 | 23.60 | |
ROCE % | 110.90% | 78.16% | 45.39% | 46.94% | 43.01% | 33.77% | 7.08% | 9.82% | 18.99% | 22.59% |
Documents
Announcements
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Related Party Transactions
8 November 2024 - Siddhika Coatings Limited has informed about related Party Transactions
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Statement of deviation(s) or variation(s) under Reg. 32
8 November 2024 - Siddhika Coatings Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Outcome of Board Meeting
8 November 2024 - Siddhika Coatings Limited has informed regarding Board meeting held on November 08, 2024.
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Financial Result Updates
8 November 2024 - Siddhika Coatings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Board Meeting Intimation
28 October 2024 - SIDDHIKA COATINGS LIMITED has informed about Board Meeting to be held on 08-Nov-2024 to consider and approve the Half Yearly Unaudited Financial results of the …
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.