Signet Industries Ltd

Signet Industries Ltd

₹ 48.1 -0.37%
09 Jun - close price
About

Incorporated in 1985, Signet Industries Ltd does Merchant Trading of Polymers & Other Products and Manufacturing of Micro Irrigation System, Sprinkler Pipe / PVC Pipe & Agro fittings and its Allied Products, and all type of House Hold & Plastic Moulded Furniture[1]

Key Points

Business Overview:[1][2]
Company does manufacturing of irrigation and plastic products and wholesale trading of chemicals and plastics plastic products. It has wind power generation units in Maharashtra and Rajasthan. Company implements government-backed drip irrigation and agricultural projects, where 50-70% of project cost is received as subsidy from government

  • Market Cap 142 Cr.
  • Current Price 48.1
  • High / Low 66.9 / 40.0
  • Stock P/E 7.32
  • Book Value 84.1
  • Dividend Yield 1.04 %
  • ROCE 13.7 %
  • ROE 8.06 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.57 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Company has a low return on equity of 7.41% over last 3 years.
  • Dividend payout has been low at 6.31% 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
312.52 288.82 268.78 311.31 344.13 252.64 257.65 303.98 364.82 259.52 306.51 390.15 390.61
292.10 270.59 248.98 286.44 322.92 238.33 236.86 281.80 334.16 234.76 285.06 365.82 363.40
Operating Profit 20.42 18.23 19.80 24.87 21.21 14.31 20.79 22.18 30.66 24.76 21.45 24.33 27.21
OPM % 6.53% 6.31% 7.37% 7.99% 6.16% 5.66% 8.07% 7.30% 8.40% 9.54% 7.00% 6.24% 6.97%
1.16 0.48 1.00 0.59 3.10 1.21 0.42 0.32 0.27 -4.58 0.47 0.42 0.94
Interest 12.00 12.04 13.59 15.66 15.19 12.31 14.41 13.95 17.89 16.75 14.80 15.42 15.43
Depreciation 2.32 2.41 2.44 2.45 2.44 2.39 2.37 2.33 2.26 2.34 2.32 2.24 2.04
Profit before tax 7.26 4.26 4.77 7.35 6.68 0.82 4.43 6.22 10.78 1.09 4.80 7.09 10.68
Tax % 37.88% 25.12% 28.30% 26.53% 48.50% 40.24% 27.54% 27.33% 31.26% 36.70% 27.92% 27.22% 35.86%
4.52 3.20 3.41 5.40 3.44 0.49 3.22 4.52 7.41 0.69 3.47 5.16 6.85
EPS in Rs 1.54 1.09 1.16 1.83 1.17 0.17 1.09 1.54 2.52 0.23 1.18 1.75 2.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
650 786 912 904 976 883 827 877 1,018 1,213 1,179 1,347
593 719 849 834 905 816 764 816 948 1,129 1,091 1,249
Operating Profit 57 67 63 70 71 67 63 62 69 84 88 98
OPM % 9% 9% 7% 8% 7% 8% 8% 7% 7% 7% 7% 7%
8 3 4 4 2 2 3 1 3 5 2 -3
Interest 43 40 38 41 44 44 46 43 44 56 59 62
Depreciation 6 7 7 7 7 8 8 9 9 10 9 9
Profit before tax 16 23 23 26 22 17 12 12 19 23 22 24
Tax % 26% 25% 21% 28% 38% 31% -19% 30% 32% 33% 30% 32%
12 17 18 18 14 12 14 8 13 15 16 16
EPS in Rs 4.03 5.96 6.26 6.28 4.66 4.01 4.74 2.80 4.43 5.25 5.31 5.49
Dividend Payout % 0% 8% 8% 8% 11% 12% 11% 18% 11% 10% 9% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 10%
3 Years: 10%
TTM: 14%
Compounded Profit Growth
10 Years: 1%
5 Years: 9%
3 Years: 14%
TTM: 24%
Stock Price CAGR
10 Years: -15%
5 Years: -2%
3 Years: 4%
1 Year: -26%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 7%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 29 29 29 29 29 29 29 29 29 29 29 29
Reserves 58 76 109 126 137 147 159 166 177 191 205 218
201 205 207 245 211 244 295 307 309 336 388 460
212 205 242 216 277 234 246 216 213 212 225 253
Total Liabilities 501 515 588 616 655 654 729 718 729 768 847 960
81 77 72 79 82 77 81 79 82 79 72 86
CWIP 0 0 4 1 0 0 2 5 1 0 0 3
Investments 0 0 0 0 0 0 0 0 1 1 6 5
420 437 511 535 572 577 646 634 645 687 769 866
Total Assets 501 515 588 616 655 654 729 718 729 768 847 960

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
65 28 15 20 84 12 7 34 51 30 16 16
37 4 -5 -9 -9 9 -13 -9 -6 0 -7 -24
-91 -35 -22 -7 -80 -13 3 -32 -44 -32 -8 7
Net Cash Flow 11 -3 -11 4 -5 7 -3 -7 1 -1 1 -1
Free Cash Flow 60 25 10 8 76 10 -7 25 43 24 12 -10
CFO/OP 124% 47% 27% 45% 132% 25% 17% 58% 83% 42% 30% 25%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 128 123 123 118 109 125 144 130 108 104 133 139
Inventory Days 79 57 58 78 86 96 118 126 115 99 77 73
Days Payable 122 95 93 88 110 102 116 95 78 66 72 71
Cash Conversion Cycle 84 85 88 107 85 118 146 161 145 136 138 141
Working Capital Days 24 29 31 33 33 48 66 70 57 50 51 44
ROCE % 19% 21% 19% 18% 17% 15% 12% 11% 12% 15% 14% 14%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Feb 2024 Mar 2025
Segment Revenue - Manufacturing (Proxy for Volume Trend)
Rs. Lacs

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Number of Permanent Employees
Count
Capacity Utilization
%
Installed Manufacturing Capacity - Drip Irrigation
Tons per month
Installed Manufacturing Capacity - HDPE
Tons per month
Installed Manufacturing Capacity - Injection Molding
Tons per month
Installed Manufacturing Capacity - PVC Pipes
Tons per month
Manufacturing Segment Revenue Mix - Irrigation
%
Solar Power Capacity - Captive
kW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.57% 72.57% 72.57% 72.57% 72.57% 72.78% 72.78% 72.78% 72.78% 72.89% 72.89% 73.30%
27.42% 27.44% 27.43% 27.43% 27.43% 27.22% 27.22% 27.22% 27.22% 27.11% 27.11% 26.70%
No. of Shareholders 15,34414,65814,98815,09014,76115,73915,62915,70715,51314,80214,80214,562

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