Sigachi Industries Ltd

Sigachi Industries Ltd

₹ 67.4 -0.15%
25 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 2,180 Cr.
  • Current Price 67.4
  • High / Low 95.9 / 23.0
  • Stock P/E 44.1
  • Book Value 11.9
  • Dividend Yield 0.15 %
  • ROCE 19.6 %
  • ROE 17.6 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 44.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.3%

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

Consolidated Figures in Rs. Crores / View Standalone

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 52 55 57 66 73 78 82 69 72 85 99 111
40 40 43 44 53 58 62 66 55 60 68 78 88
Operating Profit 9 11 12 14 13 15 16 16 14 12 16 21 23
OPM % 18% 22% 22% 24% 19% 20% 21% 20% 20% 17% 19% 22% 20%
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 3 3
Profit before tax 9 11 12 13 12 15 17 15 12 10 15 18 20
Tax % 16% 19% 22% 23% 22% 23% 23% 11% 20% 29% 26% 17% 18%
7 9 9 10 10 12 13 14 10 7 11 15 16
EPS in Rs 0.93 1.19 1.17 0.43 0.31 0.38 0.42 0.44 0.32 0.24 0.35 0.49 0.50
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
101 129 139 193 250 302 367
89 103 114 154 197 243 295
Operating Profit 12 26 25 39 53 59 72
OPM % 12% 20% 18% 20% 21% 19% 20%
3 4 5 3 3 7 6
Interest 4 3 2 1 1 4 6
Depreciation 1 2 2 2 3 7 9
Profit before tax 10 25 25 38 52 54 63
Tax % 28% 23% 20% 21% 22% 20%
7 19 20 30 40 44 49
EPS in Rs 2.25 6.19 2.65 3.94 1.30 1.42 1.58
Dividend Payout % 4% 2% 4% -0% 8% 7%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 30%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 44%
3 Years: 29%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 176%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 23%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 8 8 31 31 31
Reserves 23 42 57 87 197 238 353
30 25 30 21 35 68 72
16 21 14 18 24 37 182
Total Liabilities 72 91 109 133 287 374 638
26 29 32 38 53 122 238
CWIP 1 2 3 4 10 35 65
Investments 0 -0 -0 0 0 0 0
46 61 74 92 224 216 334
Total Assets 72 91 109 133 287 374 638

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 14 12 30 6 29
-4 -6 -7 -11 -63 -92
-5 -9 3 -11 108 26
Net Cash Flow -1 -0 8 7 51 -37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 77 70 72 68 88 97
Inventory Days 99 123 141 77 94 123
Days Payable 52 48 37 29 33 55
Cash Conversion Cycle 124 145 177 116 149 165
Working Capital Days 97 105 130 105 134 137
ROCE % 44% 34% 38% 28% 20%

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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