Signet Industries Ltd
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]
- 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.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Figures in Rs. Crores
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 |
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| Capacity Utilization % |
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| Installed Manufacturing Capacity - Drip Irrigation Tons per month |
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| Installed Manufacturing Capacity - HDPE Tons per month |
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| Installed Manufacturing Capacity - Injection Molding Tons per month |
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| Installed Manufacturing Capacity - PVC Pipes Tons per month |
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| Manufacturing Segment Revenue Mix - Irrigation % |
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| Solar Power Capacity - Captive kW |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Jun
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Announcement under Regulation 30 (LODR)-Change in Management
30 May - Board approved FY26 audited results, recommended 5% dividend, and appointed cost and internal auditors.
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Corporate Action-Board approves Dividend
30 May - Board approved audited FY26 results, recommended 5% dividend, and appointed cost and internal auditors.
- Outcome And Financial Results 30 May
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Board Meeting Outcome for Outcome Of Board Meeting
30 May - Board approved FY26 audited results, recommended 5% dividend, and appointed cost and internal auditors.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
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