Sigachi Industries Ltd

Sigachi Industries Ltd

₹ 19.2 -1.03%
12 Mar - close price
About

Incorporated in 1989, Sigachi Industries Ltd is a manufacturing and selling of MCC.[1]

Key Points

Business Overview:[1][2][3]
SIL is one of the largest manufacturers of Cellulose based excipients. The company manufactures MCC in 60 distinct grades ranging from 15 microns to 250 microns. With over 60+ products, the company is in the business of:
a) Active Pharmaceutical Ingredients
b) Intermediates
c) Pharmaceutical Excipients
d) Vitamin-mineral blends
e) Polymer blends
f) Food & Nutrition
g) Operations and Management services

  • Market Cap 735 Cr.
  • Current Price 19.2
  • High / Low 59.6 / 18.2
  • Stock P/E 18.6
  • Book Value 12.2
  • Dividend Yield 0.52 %
  • ROCE 13.4 %
  • ROE 9.83 %
  • Face Value 1.00

Pros

Cons

  • Promoter holding has decreased over last quarter: -0.78%
  • Company has a low return on equity of 12.2% over last 3 years.
  • Promoters have pledged 40.3% of their holding.
  • Dividend payout has been low at 7.80% of profits 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
65.32 76.08 77.84 79.17 76.83 83.66 80.14 109.08 105.08 113.54 110.98 83.94 92.03
51.89 62.08 62.63 65.87 61.02 68.69 63.74 91.10 83.89 94.84 87.01 77.27 84.86
Operating Profit 13.43 14.00 15.21 13.30 15.81 14.97 16.40 17.98 21.19 18.70 23.97 6.67 7.17
OPM % 20.56% 18.40% 19.54% 16.80% 20.58% 17.89% 20.46% 16.48% 20.17% 16.47% 21.60% 7.95% 7.79%
1.29 1.55 1.63 1.09 1.68 7.17 1.68 14.58 2.05 1.77 -117.07 7.15 -0.26
Interest 1.20 1.41 1.27 1.65 1.67 2.43 2.88 1.62 3.36 2.80 2.15 2.53 2.52
Depreciation 1.78 1.97 1.94 1.98 2.06 2.72 2.48 2.55 3.96 3.94 3.95 3.31 3.38
Profit before tax 11.74 12.17 13.63 10.76 13.76 16.99 12.72 28.39 15.92 13.73 -99.20 7.98 1.01
Tax % 20.61% 22.51% 25.61% 22.12% 21.73% 30.96% 26.97% 23.49% 39.20% 49.16% -0.06% -47.49% -190.10%
9.32 9.43 10.14 8.38 10.77 11.73 9.29 21.72 9.68 6.98 -99.14 11.76 2.93
EPS in Rs 0.30 0.31 0.33 0.27 0.33 0.36 0.28 0.65 0.29 0.18 -2.59 0.31 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
74 81 102 128 139 188 249 290 318 408 400
64 72 89 101 114 151 199 234 258 334 344
Operating Profit 10 9 12 27 25 37 50 56 59 74 57
OPM % 13% 11% 12% 21% 18% 20% 20% 19% 19% 18% 14%
0 1 3 4 5 3 3 7 12 20 -108
Interest 4 4 4 3 2 1 1 4 7 11 10
Depreciation 1 1 1 2 2 2 3 7 9 13 15
Profit before tax 5 4 10 25 25 37 49 52 55 71 -76
Tax % 27% 33% 26% 23% 20% 22% 22% 19% 26% 33%
3 3 8 20 20 29 38 42 41 48 -77
EPS in Rs 1.15 0.92 2.52 6.41 2.66 3.78 1.24 1.35 1.25 1.25 -2.02
Dividend Payout % 9% 11% 4% 2% 4% 0% 8% 7% 8% 8%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 18%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 8%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -8%
1 Year: -49%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 12%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 3 3 3 3 8 8 31 31 33 38 38
Reserves 15 17 24 43 59 87 196 235 377 521 430
22 28 29 24 28 21 35 68 135 113 130
16 12 15 21 14 18 22 35 64 74 143
Total Liabilities 56 60 71 91 109 134 284 369 609 746 741
23 23 26 29 32 38 53 122 139 254 211
CWIP 0 1 1 2 3 4 10 35 91 5 12
Investments 0 0 0 0 0 0 0 2 102 102 139
33 36 45 60 74 92 221 210 276 385 379
Total Assets 56 60 71 91 109 134 284 369 609 746 741

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
9 7 15 12 28 5 28 15 36
-2 -4 -6 -7 -11 -63 -93 -158 -90
-6 -4 -9 3 -9 108 26 163 70
Net Cash Flow 1 -1 -0 8 8 51 -39 20 15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 66 60 79 72 79 82 106 115 126 120
Inventory Days 126 136 88 118 130 57 49 89 77 71
Days Payable 103 61 50 45 37 29 28 54 69 61
Cash Conversion Cycle 89 136 116 145 172 109 126 150 135 130
Working Capital Days -1 -7 10 48 65 73 86 87 66 96
ROCE % 19% 27% 46% 33% 36% 27% 19% 14% 13%

Insights

In beta
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Actual MCC Production Volume
MT

Log in to view insights

Please log in to see hidden values.

Login
Total Installed MCC Capacity
MTPA
Export Share in Revenue
%
Global Presence (Countries)
Count
Overall MCC Capacity Utilization
%
Product Portfolio (SKU)
Count
Average Realization - MCC
Rs/Kg
R&D Expenditure (Percentage of Turnover)
%

Shareholding Pattern

Numbers in percentages

10 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
48.49% 48.49% 48.49% 46.08% 45.43% 45.43% 44.71% 44.71% 44.14% 44.14% 40.48% 39.70%
0.09% 0.05% 0.95% 1.76% 2.06% 1.55% 1.58% 0.16% 0.08% 2.89% 3.10% 3.33%
51.43% 51.45% 50.56% 52.17% 52.51% 53.01% 53.69% 55.12% 55.77% 52.97% 56.41% 56.97%
No. of Shareholders 86,57684,57479,86297,0531,37,5061,37,1931,52,0461,56,3981,60,5611,51,2062,05,2661,94,777

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls