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Sicagen India Overview

Sicagen India Ltd is a prominent Indian conglomerate with a rich history spanning several decades. Established in 1977, the company has evolved into a diversified business group with a strong presence in various industries. Sicagen India Ltd operates primarily in the fields of trading, manufacturing, and distribution of industrial and construction products. The company's extensive product portfolio encompasses a wide range of offerings, including industrial chemicals, building materials, engineering products, and more. With a commitment to qua...Read More

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Sicagen India Key Financials

Market Cap ₹217 Cr.

Stock P/E 12.7

P/B 0.4

Current Price ₹54.7

Book Value ₹ 132.1

Face Value 10

52W High ₹79.4

Dividend Yield 1.83%

52W Low ₹ 42.1

Sicagen India Share Price

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Volume
Price

Sicagen India Quarterly Price

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Sicagen India Peer Comparison

Sicagen India Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 180 228 221 232 198 210 252 205 227 264
Other Income 1 3 1 2 3 1 2 2 2 3
Total Income 182 231 223 234 200 211 254 206 229 267
Total Expenditure 175 222 213 223 189 203 241 195 218 255
Operating Profit 7 8 10 11 11 8 13 12 11 12
Interest 2 3 3 3 3 3 3 3 3 3
Depreciation 2 2 3 2 2 2 4 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 2 0 0 0 -0
Profit Before Tax 2 3 4 6 6 6 6 6 6 7
Provision for Tax 1 1 0 2 2 1 2 2 2 2
Profit After Tax 1 2 3 5 4 4 4 5 4 5
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 2 3 5 4 4 4 5 4 5
Adjusted Earnings Per Share 0.3 0.6 0.8 1.2 1 1.1 1 1.1 1 1.2

Sicagen India Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 771 601 711 738 820 699 542 836 895 795 892 948
Other Income 17 18 15 15 17 11 8 9 8 7 8 9
Total Income 788 618 726 753 837 710 550 845 903 803 900 956
Total Expenditure 764 608 708 737 819 688 533 814 869 768 856 909
Operating Profit 23 11 18 16 18 22 17 31 35 34 44 48
Interest 7 6 7 9 9 9 5 6 9 11 11 12
Depreciation 6 5 4 5 6 10 10 11 11 10 11 10
Exceptional Income / Expenses -2 0 0 0 0 0 0 -9 6 0 2 0
Profit Before Tax 8 -1 8 2 3 3 1 5 22 14 24 25
Provision for Tax 1 -2 0 1 3 3 5 6 4 3 7 8
Profit After Tax 7 1 7 1 0 0 -3 -1 18 11 17 18
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 7 1 7 1 0 0 -3 -1 18 11 17 18
Adjusted Earnings Per Share 1.7 0.3 1.9 0.3 0 0.1 -0.8 -0.2 4.5 2.7 4.3 4.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 2% 5% 1%
Operating Profit CAGR 29% 12% 15% 7%
PAT CAGR 55% 0% 0% 9%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% 14% 22% 12%
ROE Average 4% 3% 2% 1%
ROCE Average 6% 5% 4% 3%

Sicagen India Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 479 483 384 393 382 375 395 422 440 460 484
Minority's Interest 0 0 8 0 0 0 0 0 0 0 0
Borrowings 11 14 13 12 9 7 6 0 0 0 0
Other Non-Current Liabilities 35 36 21 21 21 33 15 15 17 18 18
Total Current Liabilities 86 89 176 201 300 209 152 243 195 271 250
Total Liabilities 610 620 603 626 712 624 568 681 651 749 752
Fixed Assets 59 57 183 203 148 165 165 138 137 135 133
Other Non-Current Assets 321 315 90 62 53 45 46 79 80 84 87
Total Current Assets 230 248 330 362 511 415 357 464 433 528 532
Total Assets 610 620 603 626 712 624 568 681 651 749 752

Sicagen India Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 28 22 31 17 13 16 5 8 6 3 5
Cash Flow from Operating Activities 2 -3 -41 -12 20 -37 31 -2 15 25 33
Cash Flow from Investing Activities 2 9 5 11 -5 45 -17 18 -4 -3 -14
Cash Flow from Financing Activities -11 4 22 -4 -12 -18 -12 -18 -13 -20 -17
Net Cash Inflow / Outflow -6 10 -13 -5 3 -10 3 -2 -3 2 2
Closing Cash & Cash Equivalent 22 32 17 13 16 5 8 6 3 5 7

Sicagen India Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.67 0.27 1.89 0.29 0.03 0.09 -0.81 -0.15 4.5 2.66 4.32
CEPS(Rs) 3.3 1.55 2.89 1.58 1.61 2.65 1.7 2.61 7.17 5.13 6.98
DPS(Rs) 0.6 0.6 0.6 0.6 0.4 0.5 0.6 0.25 0.6 0.6 1
Book NAV/Share(Rs) 120.98 121.96 97.16 99.33 96.65 94.82 99.75 106.73 111.08 116.17 122.31
Core EBITDA Margin(%) 0.83 -1.19 0.46 0.14 0.18 1.62 1.56 2.63 2.96 3.41 3.98
EBIT Margin(%) 1.88 0.9 1.97 1.44 1.46 1.75 1.27 1.3 3.41 3.08 3.95
Pre Tax Margin(%) 0.98 -0.09 1.05 0.22 0.35 0.49 0.27 0.6 2.42 1.74 2.71
PAT Margin (%) 0.85 0.18 1.02 0.16 0.02 0.05 -0.59 -0.07 1.99 1.32 1.92
Cash Profit Margin (%) 1.68 1.02 1.6 0.84 0.78 1.5 1.24 1.23 3.17 2.55 3.1
ROA(%) 1.03 0.17 1.2 0.19 0.02 0.05 -0.54 -0.1 2.67 1.5 2.28
ROE(%) 1.38 0.22 1.69 0.3 0.03 0.1 -0.83 -0.15 4.14 2.34 3.63
ROCE(%) 2.7 1.02 2.78 2.21 2.42 2.56 1.51 2.27 5.82 4.41 5.97
Receivable days 55.35 67.97 67.18 81.75 100.56 123.66 126.91 90.97 88.31 100.11 97.79
Inventory Days 45.62 53.04 52.91 59.87 52.94 64.82 79.94 45.46 50.59 63.25 53.32
Payable days 21.64 19.62 24.37 36.72 56.44 74.2 59.19 42.55 40.14 37.38 31.19
PER(x) 7.47 62.53 13.66 124.23 733.57 94.95 0 0 6.73 22.2 14.23
Price/Book(x) 0.1 0.14 0.27 0.36 0.25 0.09 0.14 0.21 0.27 0.51 0.5
Dividend Yield(%) 4.8 3.58 2.33 1.66 1.66 5.79 4.17 1.14 1.98 1.02 1.63
EV/Net Sales(x) 0.1 0.16 0.24 0.3 0.17 0.14 0.16 0.17 0.22 0.37 0.34
EV/Core EBITDA(x) 3.26 9.03 9.16 14.2 7.65 4.32 5.1 4.57 5.71 8.52 7.05
Net Sales Growth(%) 24.34 -22.07 18.35 3.81 11.16 -14.81 -22.5 54.37 7.08 -11.15 12.12
EBIT Growth(%) -38.45 -62.59 159.08 -24.65 12.5 2.09 -43.54 58.12 179.74 -19.76 43.73
PAT Growth(%) -60.85 -83.99 589.62 -84.27 -88.7 176.92 -988.89 80.94 3021.31 -40.97 62.64
EPS Growth(%) -60.85 -83.99 603.79 -84.59 -88.69 176.99 -988.68 80.93 3020.49 -40.96 62.64
Debt/Equity(x) 0.1 0.13 0.23 0.25 0.31 0.21 0.16 0.19 0.24 0.23 0.27
Current Ratio(x) 2.69 2.8 1.87 1.8 1.71 1.99 2.34 1.91 2.22 1.95 2.13
Quick Ratio(x) 1.66 1.82 1.19 1.19 1.32 1.35 1.65 1.48 1.48 1.47 1.61
Interest Cover(x) 2.08 0.91 2.14 1.18 1.31 1.39 1.26 1.85 3.44 2.3 3.19
Total Debt/Mcap(x) 0.97 0.91 0.87 0.68 1.24 2.31 1.12 0.92 0.89 0.45 0.54

Sicagen India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 55.46 55.46 55.46 60.39 60.39 60.39 60.39 61.13 61.13 61.13
FII 7.34 7.34 7.34 2.42 2.42 2.42 2.85 2.42 2.47 2.47
DII 0.6 0.6 0.6 0.6 0.58 0.58 0.58 0.58 0.58 0.58
Public 36.59 36.59 36.59 36.59 36.61 36.61 36.17 35.87 35.81 35.81
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sicagen India News

Sicagen India Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Debtor days have improved from 37.38 to 31.19days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 3% over the last 3 years.
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