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 ₹ 134 Cr.
- Current Price ₹ 217
- High / Low ₹ 250 / 181
- Stock P/E 13.2
- Book Value ₹ 76.1
- Dividend Yield 1.85 %
- 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: | 43% |
| 3 Years: | 27% |
| 1 Year: | 3% |
| 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
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Disclosure under SEBI Takeover Regulations
6 July 2026 - Company submitted promoter disclosure under Regulation 31(4) of SEBI takeover rules.
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Copy of Newspaper Publication
17 June 2026 - Siddhika Coatings will hold its 16th AGM on July 11, 2026 at 2:00 PM via VC/OAVM.
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Record Date
12 June 2026 - Siddhika Coatings announces 16th AGM on 11 July 2026, ₹4 dividend, book closure, and voting details.
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Outcome of Board Meeting
12 June 2026 - Board appoints JKSS & Associates as auditors; fixes July 4, 2026 record date for ₹4 final dividend.
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Utilisation of Funds
16 May 2026 - No deviation in IPO fund utilisation for half year and FY ended March 31, 2026.
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.