Sikko Industries Ltd
Incorporated in 2000, Sikko Industries Ltd manufactures, trades & exports Bio-Agro chemicals, Pesticides, Fertilizers, Seeds, Sprayers, Packaging, Machinery and FMCG products, etc.[1]
- Market Cap ₹ 124 Cr.
- Current Price ₹ 73.8
- High / Low ₹ 118 / 54.6
- Stock P/E 41.3
- Book Value ₹ 14.2
- Dividend Yield 0.20 %
- ROCE 16.3 %
- ROE 12.8 %
- Face Value ₹ 10.0
Pros
Cons
- Company has a low return on equity of 12.1% over last 3 years.
- Company has high debtors of 180 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
Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
13.40 | 8.52 | 11.15 | 11.21 | 20.07 | 15.87 | 25.54 | 25.51 | 30.49 | 38.84 | 50.51 | 49.21 | 54.07 | |
11.01 | 6.06 | 8.24 | 9.84 | 19.83 | 15.38 | 22.74 | 22.74 | 26.89 | 36.21 | 46.95 | 44.38 | 48.56 | |
Operating Profit | 2.39 | 2.46 | 2.91 | 1.37 | 0.24 | 0.49 | 2.80 | 2.77 | 3.60 | 2.63 | 3.56 | 4.83 | 5.51 |
OPM % | 17.84% | 28.87% | 26.10% | 12.22% | 1.20% | 3.09% | 10.96% | 10.86% | 11.81% | 6.77% | 7.05% | 9.82% | 10.19% |
0.02 | 0.02 | 0.04 | 0.21 | 1.21 | 1.53 | 0.62 | 1.18 | 1.08 | 1.91 | 0.22 | 0.25 | 0.12 | |
Interest | 0.53 | 0.38 | 0.44 | 0.48 | 0.60 | 0.43 | 0.21 | 0.57 | 0.57 | 0.29 | 0.54 | 0.44 | 0.69 |
Depreciation | 0.64 | 0.68 | 0.63 | 1.14 | 0.91 | 0.71 | 0.71 | 0.84 | 0.70 | 0.60 | 0.63 | 0.59 | 0.52 |
Profit before tax | 1.24 | 1.42 | 1.88 | -0.04 | -0.06 | 0.88 | 2.50 | 2.54 | 3.41 | 3.65 | 2.61 | 4.05 | 4.42 |
Tax % | 58.87% | 17.61% | 31.91% | 25.00% | -533.33% | 54.55% | 53.20% | 20.87% | 28.74% | 29.32% | 27.97% | 28.64% | |
0.52 | 1.17 | 1.29 | -0.03 | -0.38 | 0.40 | 1.18 | 2.01 | 2.44 | 2.60 | 1.88 | 2.89 | 3.00 | |
EPS in Rs | 0.87 | 1.95 | 2.15 | -0.05 | -0.63 | 0.33 | 0.70 | 1.20 | 1.45 | 1.55 | 1.12 | 1.72 | 1.79 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.72% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 14% |
3 Years: | 17% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 20% |
3 Years: | 6% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 47% |
3 Years: | 60% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 4.00 | 5.60 | 5.60 | 5.60 | 11.20 | 11.20 | 16.80 | 16.80 |
Reserves | 1.04 | 2.20 | 3.47 | 3.41 | 3.69 | 2.31 | 6.54 | 8.71 | 11.14 | 8.09 | 9.97 | 7.01 | 9.11 |
4.48 | 3.37 | 4.54 | 3.93 | 5.52 | 7.03 | 4.36 | 9.21 | 6.63 | 6.78 | 1.64 | 8.61 | 3.28 | |
4.02 | 3.23 | 5.15 | 5.89 | 10.18 | 7.49 | 10.65 | 10.04 | 15.55 | 16.37 | 13.89 | 13.07 | 23.43 | |
Total Liabilities | 11.54 | 10.80 | 15.16 | 15.23 | 21.39 | 20.83 | 27.15 | 33.56 | 38.92 | 42.44 | 36.70 | 45.49 | 52.62 |
5.74 | 5.30 | 5.19 | 4.31 | 3.54 | 3.07 | 4.09 | 3.80 | 3.49 | 3.30 | 3.28 | 4.76 | 5.03 | |
CWIP | 0.62 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
5.18 | 5.50 | 9.97 | 10.92 | 17.85 | 17.76 | 23.06 | 29.76 | 35.43 | 39.14 | 33.42 | 40.73 | 47.59 | |
Total Assets | 11.54 | 10.80 | 15.16 | 15.23 | 21.39 | 20.83 | 27.15 | 33.56 | 38.92 | 42.44 | 36.70 | 45.49 | 52.62 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.41 | 1.21 | 2.97 | 0.79 | -0.02 | 1.09 | -2.93 | -0.61 | 0.68 | 0.24 | 6.36 | -4.05 | |
-1.78 | -0.25 | -3.11 | -0.25 | -0.14 | -0.24 | -1.21 | -0.56 | -0.39 | -0.39 | -0.61 | -1.95 | |
0.42 | -1.49 | 0.73 | -1.08 | 0.15 | 1.66 | 1.68 | 4.29 | -3.11 | -0.14 | -5.69 | 6.28 | |
Net Cash Flow | 0.04 | -0.52 | 0.60 | -0.54 | -0.01 | 2.50 | -2.46 | 3.12 | -2.83 | -0.29 | 0.07 | 0.28 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49.57 | 65.55 | 91.99 | 77.17 | 147.49 | 123.28 | 135.34 | 174.70 | 230.56 | 201.76 | 142.14 | 179.57 |
Inventory Days | 104.02 | 336.03 | 192.64 | 246.32 | 137.29 | 176.16 | 196.56 | 207.57 | 209.18 | 132.11 | 68.69 | 91.57 |
Days Payable | 51.54 | 77.63 | 144.84 | 149.27 | 198.38 | 195.81 | 164.24 | 129.25 | 192.47 | 117.37 | 53.92 | 62.67 |
Cash Conversion Cycle | 102.05 | 323.94 | 139.78 | 174.22 | 86.40 | 103.63 | 167.66 | 253.03 | 247.28 | 216.50 | 156.91 | 208.47 |
Working Capital Days | 31.87 | 127.24 | 87.08 | 101.26 | 133.67 | 169.05 | 177.64 | 233.22 | 230.92 | 212.29 | 138.96 | 200.64 |
ROCE % | 24.53% | 23.86% | 26.39% | 4.55% | 5.26% | 10.67% | 18.16% | 15.54% | 16.98% | 15.94% | 12.89% | 16.26% |
Business Overview:[1]
Company is in the business of manufacturing formulations through its Fertilizer and Pesticide
unit which manufactures a special and exclusive range of agrochemicals including organic pesticides, organic fertilizers, etc.