Sigachi Industries Ltd

Sigachi Industries Ltd

₹ 66.8 -0.96%
26 Apr - close price
About

Sigachi Industries Ltd. (SIL) is one of the largest manufacturers of Microcrystalline Cellulose worldwide and has three Multi locational Facilities in Telangana and Gujarat.[1]

Key Points

Product Portfolio
Sigachi Industries Limited is one of the major producers and distributors of MCC (cellulose based excipients) in India, with over 30 years of expertise. At present, it offers 59 distinct grades of MCC, ranging from 15 microns to 250 microns. [1] [2]

  • Market Cap 2,159 Cr.
  • Current Price 66.8
  • High / Low 95.9 / 23.0
  • Stock P/E 55.8
  • Book Value 11.6
  • Dividend Yield 0.15 %
  • ROCE 18.8 %
  • ROE 16.9 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 40.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22.2%

Cons

  • Promoter holding has decreased over last quarter: -0.65%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
48 49 54 58 66 71 72 77 65 76 78 79 77
39 38 42 45 54 58 58 63 52 62 63 66 61
Operating Profit 8 11 12 13 12 13 14 14 13 14 15 13 16
OPM % 18% 22% 22% 22% 18% 19% 20% 19% 21% 18% 20% 17% 21%
1 1 0 0 1 2 2 2 1 2 2 1 2
Interest 0 0 0 0 0 0 0 1 1 1 1 2 2
Depreciation 1 1 1 1 1 1 1 2 2 2 2 2 2
Profit before tax 8 11 11 12 12 14 14 13 12 12 14 11 14
Tax % 17% 18% 22% 23% 21% 24% 24% 10% 21% 23% 26% 22% 22%
7 9 9 9 9 10 11 12 9 9 10 8 11
EPS in Rs 0.89 1.13 1.15 0.41 0.30 0.34 0.35 0.39 0.30 0.31 0.33 0.27 0.33
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
81 102 128 139 188 249 290 310
72 89 101 114 151 199 234 252
Operating Profit 9 12 27 25 37 50 56 58
OPM % 11% 12% 21% 18% 20% 20% 19% 19%
1 3 4 5 3 3 7 6
Interest 4 4 3 2 1 1 4 6
Depreciation 1 1 2 2 2 3 7 8
Profit before tax 4 10 25 25 37 49 52 50
Tax % 33% 26% 23% 20% 22% 22% 19%
3 8 20 20 29 38 42 39
EPS in Rs 0.92 2.52 6.41 2.66 3.78 1.24 1.35 1.24
Dividend Payout % 11% 4% 2% 4% 0% 8% 7%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 28%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 40%
3 Years: 27%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 172%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 22%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 8 8 31 31 31
Reserves 17 24 43 59 87 196 235 343
28 29 24 28 21 35 68 89
12 15 21 14 18 22 35 134
Total Liabilities 60 71 91 109 134 284 369 596
23 26 29 32 38 53 122 129
CWIP 1 1 2 3 4 10 35 63
Investments 0 0 0 0 0 0 2 102
36 45 60 74 92 221 210 303
Total Assets 60 71 91 109 134 284 369 596

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
9 7 15 12 28 5 28
-2 -4 -6 -7 -11 -63 -93
-6 -4 -9 3 -9 108 26
Net Cash Flow 1 -1 -0 8 8 51 -39

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 60 79 72 79 82 106 115
Inventory Days 136 88 118 130 57 49 89
Days Payable 61 50 45 37 29 28 54
Cash Conversion Cycle 136 116 145 172 109 126 150
Working Capital Days 99 94 106 131 109 135 142
ROCE % 27% 46% 33% 36% 27% 19%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.48% 48.48% 48.48% 48.48% 48.49% 48.49% 48.49% 48.49% 46.08% 45.43%
1.42% 0.23% 2.69% 0.08% 0.05% 0.09% 0.05% 0.95% 1.76% 2.06%
4.70% 2.92% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
45.41% 48.37% 48.82% 51.43% 51.46% 51.43% 51.45% 50.56% 52.17% 52.51%
No. of Shareholders 86,18198,63895,91597,25793,81086,57684,57479,86297,0531,37,506

* 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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