Siddhika Coatings Ltd

Siddhika Coatins Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Siddhika Coatings Ltd

₹ 194 -3.25%
11 Jul - close price
siddhika.com NSE - SME: SIDDHIKA
About

Incorporated in 2010, Siddhika Coatings Ltd is in the business of paint contracting and selling of paint and allied products.[1]

Key Points

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.

Website NSE - SM
  • Market Cap ₹ 120 Cr.
  • Current Price ₹ 194
  • High / Low ₹ 219 / 117
  • Stock P/E 14.7
  • Book Value ₹ 62.6
  • Dividend Yield 1.71 %
  • ROCE 30.8 %
  • ROE 23.3 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 22.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.9%
  • Debtor days have improved from 46.0 to 26.6 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

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
6.04 11.09 8.89 11.96 14.48 19.07 16.72 21.36 24.93 25.41
5.81 9.92 8.35 10.51 12.57 16.33 13.79 18.02 19.78 20.46
Operating Profit 0.23 1.17 0.54 1.45 1.91 2.74 2.93 3.34 5.15 4.95
OPM % 3.81% 10.55% 6.07% 12.12% 13.19% 14.37% 17.52% 15.64% 20.66% 19.48%
0.11 0.08 0.08 0.28 0.18 0.35 0.26 0.76 0.76 0.67
Interest 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.00
Depreciation 0.06 0.08 0.06 0.08 0.09 0.10 0.09 0.10 0.11 0.16
Profit before tax 0.27 1.16 0.55 1.65 1.99 2.98 3.09 3.99 5.79 5.46
Tax % 25.93% 26.72% 25.45% 19.39% 23.62% 24.83% 24.92% 31.58% 22.11% 26.01%
0.20 0.85 0.41 1.34 1.52 2.25 2.32 2.72 4.50 4.03
EPS in Rs 0.44 1.89 0.66 2.16 2.45 3.63 3.74 4.39 7.28 6.52
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
31.91 29.97 17.08 20.81 33.55 38.05 50.33
27.15 26.01 15.67 18.81 28.75 31.77 40.22
Operating Profit 4.76 3.96 1.41 2.00 4.80 6.28 10.11
OPM % 14.92% 13.21% 8.26% 9.61% 14.31% 16.50% 20.09%
0.30 0.29 0.19 0.36 0.42 1.02 1.44
Interest 0.05 0.05 0.03 0.02 0.06 0.04 0.04
Depreciation 0.14 0.16 0.14 0.14 0.19 0.19 0.27
Profit before tax 4.87 4.04 1.43 2.20 4.97 7.07 11.24
Tax % 27.93% 25.25% 27.27% 20.91% 24.35% 28.71% 24.02%
3.51 3.02 1.05 1.74 3.77 5.03 8.54
EPS in Rs 70.20 6.71 2.33 2.81 6.08 8.11 13.82
Dividend Payout % 9.83% 15.03% 43.24% 42.62% 24.59% 20.27% 23.88%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 34%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 68%
TTM: 73%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 62%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 19%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.23 2.27 2.27 3.09 3.09 3.09 6.18
Reserves 14.35 14.86 15.90 20.90 23.93 28.04 32.47
0.33 0.33 0.33 0.28 0.00 0.00 0.00
5.64 5.56 3.20 4.10 7.87 9.97 9.50
Total Liabilities 20.55 23.02 21.70 28.37 34.89 41.10 48.15
0.57 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
Investments 2.42 2.94 5.46 6.11 8.96 14.61 19.66
17.56 18.11 14.48 18.78 22.47 22.91 24.64
Total Assets 20.55 23.02 21.70 28.37 34.89 41.10 48.15

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4.09 0.32 4.28 4.81 4.22 4.79
-2.75 -2.30 -2.22 -2.66 -5.07 -4.33
-0.59 -0.02 4.03 -1.05 -0.95 -1.04
Net Cash Flow 0.75 -2.00 6.09 1.10 -1.80 -0.58

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 63.94 66.50 104.50 55.07 48.30 63.22 26.62
Inventory Days 103.47 106.29 226.91 166.34 135.32 80.08 80.33
Days Payable 13.91 5.21 8.21 14.96 13.95 18.86 14.02
Cash Conversion Cycle 153.50 167.57 323.20 206.46 169.67 124.44 92.93
Working Capital Days 95.85 89.15 187.84 93.84 40.69 22.93 4.93
ROCE % 24.22% 7.73% 10.19% 19.89% 22.87% 30.75%

Shareholding Pattern

Numbers in percentages

Mar 2021Apr 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025
83.65% 61.34% 63.09% 63.09% 63.09% 63.09% 63.09% 63.09% 63.09% 63.09%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.53% 0.00%
16.35% 38.66% 36.91% 36.91% 36.91% 36.91% 36.91% 36.91% 36.38% 36.91%
No. of Shareholders 42298198173166168223242428440

* 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.

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Documents

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