Sigachi Industries Ltd

Sigachi Industries Ltd

₹ 60.2 -0.40%
01 Jul 4:01 p.m.
About

Sigachi Industries Ltd. (SIL) is one of the largest manufacturers of Microcrystalline Cellulose worldwide and has three Multi locational Facilities in Telangana and Gujarat.[1]

Key Points

Product Portfolio
Sigachi Industries Limited is one of the major producers and distributors of MCC (cellulose based excipients) in India, with over 30 years of expertise. At present, it offers 59 distinct grades of MCC, ranging from 15 microns to 250 microns. [1] [2]

  • Market Cap 1,974 Cr.
  • Current Price 60.2
  • High / Low 95.9 / 28.2
  • Stock P/E 48.1
  • Book Value 12.5
  • Dividend Yield 0.17 %
  • ROCE 14.3 %
  • ROE 12.1 %
  • Face Value 1.00

Pros

Cons

  • Promoter holding has decreased over last quarter: -0.65%
  • Dividend payout has been low at 7.83% 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
49 54 58 66 71 72 77 65 76 78 79 77 84
38 42 45 54 58 58 63 52 62 63 66 61 69
Operating Profit 11 12 13 12 13 14 14 13 14 15 13 16 15
OPM % 22% 22% 22% 18% 19% 20% 19% 21% 18% 20% 17% 21% 18%
1 0 0 1 2 2 2 1 2 2 1 2 7
Interest 0 0 0 0 0 0 1 1 1 1 2 2 2
Depreciation 1 1 1 1 1 1 2 2 2 2 2 2 3
Profit before tax 11 11 12 12 14 14 13 12 12 14 11 14 17
Tax % 18% 22% 23% 21% 24% 24% 10% 21% 23% 26% 22% 22% 31%
9 9 9 9 10 11 12 9 9 10 8 11 12
EPS in Rs 1.13 1.15 0.41 0.30 0.34 0.35 0.39 0.30 0.31 0.33 0.27 0.33 0.36
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
81 102 128 139 188 249 290 318
72 89 101 114 151 199 234 258
Operating Profit 9 12 27 25 37 50 56 59
OPM % 11% 12% 21% 18% 20% 20% 19% 19%
1 3 4 5 3 3 7 12
Interest 4 4 3 2 1 1 4 7
Depreciation 1 1 2 2 2 3 7 9
Profit before tax 4 10 25 25 37 49 52 55
Tax % 33% 26% 23% 20% 22% 22% 19% 26%
3 8 20 20 29 38 42 41
EPS in Rs 0.92 2.52 6.41 2.66 3.78 1.24 1.35 1.25
Dividend Payout % 11% 4% 2% 4% 0% 8% 7% 8%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 19%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 12%
TTM: -1%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 94%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 16%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 8 8 31 31 33
Reserves 17 24 43 59 87 196 235 377
28 29 24 28 21 35 68 127
12 15 21 14 18 22 35 71
Total Liabilities 60 71 91 109 134 284 369 609
23 26 29 32 38 53 122 140
CWIP 1 1 2 3 4 10 35 91
Investments 0 0 0 0 0 0 2 102
36 45 60 74 92 221 210 276
Total Assets 60 71 91 109 134 284 369 609

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 7 15 12 28 5 28 15
-2 -4 -6 -7 -11 -63 -93 -158
-6 -4 -9 3 -9 108 26 163
Net Cash Flow 1 -1 -0 8 8 51 -39 20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 60 79 72 79 82 106 115 126
Inventory Days 136 88 118 130 57 49 89 77
Days Payable 61 50 45 37 29 28 54 67
Cash Conversion Cycle 136 116 145 172 109 126 150 136
Working Capital Days 99 94 106 131 109 135 142 158
ROCE % 27% 46% 33% 36% 27% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.48% 48.48% 48.48% 48.48% 48.49% 48.49% 48.49% 48.49% 46.08% 45.43%
1.42% 0.23% 2.69% 0.08% 0.05% 0.09% 0.05% 0.95% 1.76% 2.06%
4.70% 2.92% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
45.41% 48.37% 48.82% 51.43% 51.46% 51.43% 51.45% 50.56% 52.17% 52.51%
No. of Shareholders 86,18198,63895,91597,25793,81086,57684,57479,86297,0531,37,506

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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