Sigachi Industries Ltd
Incorporated in 1989, Sigachi Industries Ltd is a manufacturing and selling of MCC.[1]
- Market Cap ₹ 854 Cr.
- Current Price ₹ 22.4
- High / Low ₹ 59.6 / 16.6
- Stock P/E 26.3
- Book Value ₹ 13.6
- Dividend Yield 0.45 %
- ROCE 6.24 %
- ROE 5.80 %
- Face Value ₹ 1.00
Pros
Cons
- Promoter holding has decreased over last quarter: -3.01%
- Tax rate seems low
- Company has a low return on equity of 11.2% over last 3 years.
- Promoters have pledged 27.7% of their holding.
- Company has high debtors of 171 days.
* 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
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 101 | 129 | 139 | 193 | 250 | 302 | 399 | 488 | 478 | |
| 89 | 103 | 114 | 154 | 197 | 243 | 322 | 388 | 424 | |
| Operating Profit | 12 | 26 | 25 | 39 | 53 | 59 | 77 | 100 | 54 |
| OPM % | 12% | 20% | 18% | 20% | 21% | 19% | 19% | 20% | 11% |
| 3 | 4 | 5 | 3 | 3 | 7 | 12 | 21 | -110 | |
| Interest | 4 | 3 | 2 | 1 | 1 | 4 | 8 | 12 | 14 |
| Depreciation | 1 | 2 | 2 | 2 | 3 | 7 | 11 | 16 | 18 |
| Profit before tax | 10 | 25 | 25 | 38 | 52 | 54 | 70 | 92 | -88 |
| Tax % | 28% | 23% | 20% | 21% | 22% | 20% | 18% | 24% | -6% |
| 7 | 19 | 20 | 30 | 40 | 44 | 57 | 70 | -83 | |
| EPS in Rs | 2.25 | 6.19 | 2.65 | 3.94 | 1.30 | 0.00 | 1.74 | 1.82 | -2.14 |
| Dividend Payout % | 4% | 2% | 4% | 0% | 8% | 6% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 17% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | % |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| 1 Year: | -58% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 8 | 8 | 31 | 31 | 33 | 38 | 38 |
| Reserves | 23 | 42 | 57 | 87 | 197 | 238 | 397 | 563 | 484 |
| 30 | 25 | 30 | 21 | 35 | 68 | 151 | 142 | 139 | |
| 16 | 21 | 14 | 18 | 24 | 37 | 113 | 103 | 180 | |
| Total Liabilities | 72 | 91 | 109 | 133 | 287 | 374 | 694 | 846 | 841 |
| 26 | 29 | 32 | 38 | 53 | 122 | 254 | 370 | 325 | |
| CWIP | 1 | 2 | 3 | 4 | 10 | 35 | 97 | 9 | 31 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 46 | 61 | 74 | 92 | 224 | 216 | 342 | 467 | 485 | |
| Total Assets | 72 | 91 | 109 | 133 | 287 | 374 | 694 | 846 | 841 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 8 | 14 | 12 | 30 | 6 | 29 | 13 | 27 | ||
| -4 | -6 | -7 | -11 | -63 | -92 | -161 | -93 | ||
| -5 | -9 | 3 | -11 | 108 | 26 | 172 | 81 | ||
| Net Cash Flow | -1 | -0 | 8 | 7 | 51 | -37 | 24 | 15 | |
| Free Cash Flow | 3 | 9 | 6 | 20 | -18 | -72 | -72 | -16 | |
| CFO/OP | 88% | 75% | 69% | 94% | 33% | 71% | 29% | 41% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 70 | 72 | 68 | 88 | 97 | 137 | 137 | 171 |
| Inventory Days | 99 | 123 | 141 | 77 | 94 | 123 | 132 | 155 | 108 |
| Days Payable | 52 | 48 | 37 | 29 | 33 | 55 | 90 | 59 | 87 |
| Cash Conversion Cycle | 124 | 145 | 177 | 116 | 149 | 165 | 180 | 234 | 193 |
| Working Capital Days | 7 | 43 | 59 | 70 | 86 | 85 | 63 | 103 | 71 |
| ROCE % | 44% | 34% | 38% | 28% | 20% | 17% | 16% | 6% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Actual MCC Production Volume MT |
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| Total Installed MCC Capacity MTPA |
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| Export Share in Revenue % |
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| Global Presence (Countries) Count |
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| Overall MCC Capacity Utilization % |
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| Product Portfolio (SKU) Count |
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| Average Realization - MCC Rs/Kg |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Q4 FY2025-26 earnings call audio recording made available on company website.
- Corporate Action-Board approves Dividend 2d
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Board Meeting Outcome for Outcome Of Board Meeting
2d - Audited FY26 results approved; final dividend Re.0.10/share recommended; cost and internal auditors appointed.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d
Annual reports
Concalls
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Feb 2026Transcript PPT REC
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Oct 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Jan 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptPPT REC
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Feb 2023TranscriptPPT
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Feb 2023Transcript PPT
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Jan 2023TranscriptAI SummaryPPT
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Dec 2022TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptAI SummaryPPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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