Sigachi Industries

₹64.7 -0.6 | 0.9%

WEBSITE BSE:543389 NSE : SIGACHI 10 May, 16:01

Market Cap ₹2122 Cr.

Stock P/E 40.8

P/B 4.8

Current Price ₹64.7

Book Value ₹ 13.5

Face Value 1

52W High ₹247

Dividend Yield 0.15%

52W Low ₹ 23.2

Edit Ratio

Sigachi Industries Research see more...

Overview Inc. Year: 1989Industry: Chemicals

Sigachi Industries Ltd manufactures and sells microcrystalline cellulose and cellulose powder in India. It gives active pharmaceutical elements, excipients, thickeners/stabilizers, binders, lubricants, providers, and first rate disintegrants for the pharma industry; co-processed excipients for the meals and nutraceutical industry; herbal elements for the cosmetics enterprise; and alpha cellulose for the chemical enterprise. The enterprise exports its products to about forty international locations worldwide. Sigachi Industries Ltd incorporated in 1989 and is based totally in Hyderabad, India.

Sigachi Industries Share Price

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Peer Comparison

Sigachi Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	57	66	73	78	82	69	72	85	99	111
Other Income	0	1	2	2	2	1	2	2	1	2
Total Income	57	66	74	80	85	70	74	86	100	113
Total Expenditure	44	53	58	62	66	55	60	68	78	88
Operating Profit	14	13	16	18	18	15	14	18	23	24
Interest	0	0	0	0	1	1	1	1	2	2
Depreciation	1	1	1	1	2	2	2	2	3	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	13	12	15	17	15	12	10	15	18	20
Provision for Tax	3	3	3	4	2	2	3	4	3	4
Profit After Tax	10	10	12	13	14	10	7	11	15	16
Adjustments	-0	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	10	10	12	13	14	10	7	11	15	16
Adjusted Earnings Per Share	0.4	0.3	0.4	0.4	0.4	0.3	0.2	0.4	0.5	0.5

Sigachi Industries Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	101	129	139	193	250	302	367
Other Income	3	4	5	3	3	7	7
Total Income	104	133	144	196	253	309	373
Total Expenditure	89	103	114	154	197	243	294
Operating Profit	15	30	30	42	56	65	79
Interest	4	3	2	1	1	4	6
Depreciation	1	2	2	2	3	7	10
Exceptional Income / Expenses	0	0	0	0	0	0	0
Profit Before Tax	10	25	25	38	52	54	63
Provision for Tax	3	6	5	8	12	11	14
Profit After Tax	7	19	20	30	40	44	49
Adjustments	0	0	0	0	0	0	0
Profit After Adjustments	7	19	20	30	40	44	49
Adjusted Earnings Per Share	0.3	0.8	0.9	1.3	1.3	1.4	1.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	30%	24%	0%
Operating Profit CAGR	16%	29%	34%	0%
PAT CAGR	10%	30%	44%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	159%	NA%	NA%	NA%
ROE Average	18%	27%	34%	33%
ROCE Average	21%	29%	33%	31%

Sigachi Industries Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	26	45	65	94	228	268
Minority's Interest	0	0	0	0	0	0
Borrowings	3	1	2	2	1	1
Other Non-Current Liabilities	3	3	4	5	6	30
Total Current Liabilities	40	42	39	32	51	75
Total Liabilities	72	91	109	133	287	374
Fixed Assets	26	29	32	38	53	122
Other Non-Current Assets	2	4	5	8	54	74
Total Current Assets	44	59	72	87	180	177
Total Assets	72	91	109	133	287	374

Sigachi Industries Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	3	2	11	18	69
Cash Flow from Operating Activities	6	14	12	30	6	29
Cash Flow from Investing Activities	-4	-6	-7	-11	-63	-92
Cash Flow from Financing Activities	-3	-9	3	-11	108	26
Net Cash Inflow / Outflow	-1	-0	8	7	51	-37
Closing Cash & Cash Equivalent	3	2	11	18	69	33

Sigachi Industries Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.3	0.82	0.88	1.31	1.3	1.42
CEPS(Rs)	0.36	0.9	0.97	1.41	1.4	1.63
DPS(Rs)	0.1	0.1	0.1	0.1	0.1	0.1
Book NAV/Share(Rs)	1.14	1.95	2.8	4.09	7.41	8.73
Core EBITDA Margin(%)	11.65	20.13	17.8	20.12	21.19	19.44
EBIT Margin(%)	13.3	21.85	19.91	20.61	21.08	19.46
Pre Tax Margin(%)	9.53	19.17	18.22	19.97	20.62	18.04
PAT Margin (%)	6.87	14.74	14.61	15.7	16	14.41
Cash Profit Margin (%)	8.26	16.04	16.02	16.9	17.16	16.61
ROA(%)	9.58	23.22	20.25	24.95	19.06	13.18
ROE(%)	26.28	53.39	37.12	38.11	24.87	17.55
ROCE(%)	23.6	44.44	33.55	37.83	27.93	20.53
Receivable days	76.8	64.94	68.65	59.99	69.91	84.77
Inventory Days	57.88	54.52	66.26	46.51	37.66	46.55
Payable days	51.89	47.08	40.7	27.51	28.55	41.48
PER(x)	0	0	0	0	22.2	15.9
Price/Book(x)	0	0	0	0	3.9	2.58
Dividend Yield(%)	0	0	0	0	0.35	0.44
EV/Net Sales(x)	0.31	0.2	0.2	0.05	3.41	2.32
EV/Core EBITDA(x)	2.09	0.88	0.93	0.25	15.35	10.71
Net Sales Growth(%)	0	28.05	7.81	38.61	29.85	20.68
EBIT Growth(%)	0	110.4	-1.74	43.5	32.81	11.37
PAT Growth(%)	0	174.65	6.85	48.95	32.31	8.74
EPS Growth(%)	0	174.65	6.85	48.95	-0.81	8.74
Debt/Equity(x)	1.15	0.56	0.47	0.22	0.15	0.15
Current Ratio(x)	1.11	1.41	1.84	2.71	3.5	2.38
Quick Ratio(x)	0.71	0.87	1.13	2.05	2.9	1.75
Interest Cover(x)	3.53	8.17	11.81	31.79	45.08	13.69
Total Debt/Mcap(x)	0	0	0	0	0.04	0.06

Sigachi Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	48.48	48.48	48.48	48.48	48.49	48.49	48.49	48.49	46.08	45.43
FII	1.42	0.23	0.11	0.08	0.05	0.09	0.05	0.95	1.76	2.06
DII	4.7	2.92	2.6	0.01	0	0	0	0	0	0
Public	45.41	48.37	48.82	51.43	51.46	51.43	51.46	50.56	52.16	52.51
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.49	1.49	1.49	1.49	1.49	1.49	1.49	1.49	14.91	14.91
FII	0.04	0.01	0	0	0	0	0	0.03	0.57	0.68
DII	0.14	0.09	0.08	0	0	0	0	0	0	0
Public	1.4	1.49	1.5	1.58	1.58	1.58	1.58	1.55	16.87	17.23
Others	0	0	0	0	0	0	0	0	0	0
Total	3.07	3.07	3.07	3.07	3.07	3.07	3.07	3.07	32.35	32.82

Pros

Company has delivered good profit growth of 44% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27%
Company is almost debt free.

Cons

Promoter holding is low: 45.43%.
Debtor days have increased from 28.55 to 41.48days.
Stock is trading at 4.8 times its book value.

* 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.