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 ₹ 133 Cr.
- Current Price ₹ 215
- High / Low ₹ 250 / 181
- Stock P/E 13.1
- Book Value ₹ 76.1
- Dividend Yield 1.86 %
- ROCE 31.6 %
- ROE 23.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 58.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.6%
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
Part of Nifty SME Emerge
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 32 | 30 | 17 | 21 | 34 | 38 | 50 | 58 | |
| 27 | 26 | 16 | 19 | 29 | 32 | 40 | 45 | |
| Operating Profit | 5 | 4 | 1 | 2 | 5 | 6 | 10 | 13 |
| OPM % | 15% | 13% | 8% | 10% | 14% | 16% | 20% | 22% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 4 | 1 | 2 | 5 | 7 | 11 | 14 |
| Tax % | 28% | 28% | 27% | 21% | 24% | 29% | 24% | 24% |
| 4 | 3 | 1 | 2 | 4 | 5 | 9 | 10 | |
| EPS in Rs | 70.20 | 6.58 | 2.33 | 2.81 | 6.08 | 8.11 | 13.82 | 16.82 |
| Dividend Payout % | 10% | 15% | 43% | 43% | 25% | 20% | 24% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 20% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 59% |
| 3 Years: | 38% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 29% |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 21% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.23 | 2 | 2 | 3 | 3 | 3 | 6 | 6 |
| Reserves | 14 | 15 | 16 | 21 | 24 | 28 | 32 | 41 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 6 | 6 | 3 | 4 | 8 | 10 | 10 | 13 | |
| Total Liabilities | 21 | 23 | 22 | 28 | 35 | 41 | 48 | 60 |
| 1 | 1 | 2 | 3 | 3 | 4 | 4 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 4 | 5 | 6 | 9 | 15 | 20 | 24 |
| 18 | 18 | 14 | 19 | 22 | 23 | 25 | 31 | |
| Total Assets | 21 | 23 | 22 | 28 | 35 | 41 | 48 | 60 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 3 | 0 | 4 | 5 | 4 | 5 | 9 | ||
| -2 | -2 | -2 | -3 | -5 | -4 | -5 | ||
| -1 | -0 | 4 | -1 | -1 | -1 | -2 | ||
| Net Cash Flow | 1 | -2 | 6 | 1 | -2 | -1 | 3 | |
| Free Cash Flow | 3 | 1 | 4 | 5 | 4 | 4 | 9 | |
| CFO/OP | 111% | 50% | 243% | 127% | 100% | 74% | 102% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 66 | 104 | 55 | 48 | 63 | 27 | 43 |
| Inventory Days | 103 | 106 | 227 | 166 | 135 | 80 | 80 | 95 |
| Days Payable | 14 | 5 | 8 | 15 | 14 | 19 | 14 | 32 |
| Cash Conversion Cycle | 154 | 167 | 323 | 206 | 170 | 124 | 93 | 106 |
| Working Capital Days | 96 | 99 | 188 | 94 | 41 | 23 | 5 | 16 |
| ROCE % | 25% | 8% | 10% | 20% | 23% | 31% | 32% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Revenue Share - Painting and Coating Contracts % ・Standalone data |
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| Revenue Share - Sale of Paint and Allied Products % ・Standalone data |
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| Number of Branch Offices count ・Standalone data |
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| Number of Permanent Employees count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Structural Digital Database
-
Shareholders meeting
- 16th AGM minutes filed; shareholders approved FY26 results, Rs 4 final dividend, auditors, related party and remuneration resolutions.
-
Shareholders meeting
- Siddhika Coatings announced 16th AGM voting results; all 9 resolutions passed, including Rs 4.00 dividend.
-
Shareholders meeting
- 16th AGM held July 11, 2026; shareholders approved Rs 4 final dividend and auditor appointments.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter ended 30 June 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
-
Annual Report 2022
from nse
-
Annual Report 2021
from nse
Business Overview:[1][2][3]
a) SCL is engaged in the business
of Oil Paints, Distempers, Cellure
Paints, Colours, Varnishes, enamels,
etc.
b) It is an authorized marketer for SK
Kaken Limited (SKK) products, which
is a coatings and pigments manufacturer
based in Japan.
c) The company is managing 5+ million
sq. ft. of contract work annually with SKK Product
c) It 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.
d) Apart from that company also executes Contracting and Engineering Services.