Siddhika Coatings Ltd

Siddhika Coatins Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Siddhika Coatings Ltd

₹ 126 -3.46%
04 Oct - close price
siddhika.com NSE - SME: SIDDHIKA
About

Incorporated in 2010, Siddhika Coatings Ltd is in the business of dealing in Oil Paints, Distempers, Cell Paints, Colours, Varnishes, Enamels, etc.

Key Points

Business Overview:[1][2]
The company is a texture paint contract company
in a single brand segment and does business in Architectural Coatings Supplies & Applications. The company is an authorized marketing agent
& applicator for SK Kaken Ltd., Japan, and
an authorized importer of its products through
SKK Singapore Pte. Ltd. Company also provides application services which include preparing and coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural textured pigments and technical-grade functional coatings.

Website NSE - SM
  • Market Cap ₹ 77.6 Cr.
  • Current Price ₹ 126
  • High / Low ₹ 187 / 85.6
  • Stock P/E 18.0
  • Book Value ₹ 47.1
  • Dividend Yield 1.31 %
  • ROCE 22.6 %
  • ROE 15.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 101%
  • Company's working capital requirements have reduced from 56.2 days to 23.6 days

Cons

  • Company has a low return on equity of 13.0% 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

Sector: Miscellaneous Industry: Miscellaneous

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
5.77 10.81 8.67 11.72 13.94 18.27 16.03 20.79
5.63 9.74 8.21 10.37 12.26 15.63 13.40 17.59
Operating Profit 0.14 1.07 0.46 1.35 1.68 2.64 2.63 3.20
OPM % 2.43% 9.90% 5.31% 11.52% 12.05% 14.45% 16.41% 15.39%
0.11 0.07 0.08 0.28 0.18 0.33 0.25 0.48
Interest 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.01
Depreciation 0.06 0.08 0.06 0.08 0.09 0.10 0.09 0.10
Profit before tax 0.18 1.05 0.47 1.55 1.76 2.86 2.78 3.57
Tax % 27.78% 27.62% 25.53% 18.06% 23.30% 23.78% 24.82% 33.89%
0.13 0.77 0.34 1.27 1.35 2.17 2.08 2.36
EPS in Rs 0.29 1.71 0.55 2.05 2.18 3.50 3.35 3.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
13.88 16.72 14.46 19.11 22.87 21.26 31.14 29.34 16.53 20.35 32.21 36.81
12.09 14.29 12.19 16.09 19.28 17.83 26.61 25.57 15.30 18.53 27.85 30.95
Operating Profit 1.79 2.43 2.27 3.02 3.59 3.43 4.53 3.77 1.23 1.82 4.36 5.86
OPM % 12.90% 14.53% 15.70% 15.80% 15.70% 16.13% 14.55% 12.85% 7.44% 8.94% 13.54% 15.92%
0.00 0.10 0.07 0.09 0.09 0.15 0.26 0.27 0.18 0.36 0.51 0.73
Interest 0.00 0.01 0.01 0.06 0.05 0.04 0.05 0.05 0.03 0.02 0.06 0.05
Depreciation 0.01 0.04 0.14 0.12 0.16 0.12 0.14 0.16 0.14 0.14 0.19 0.19
Profit before tax 1.78 2.48 2.19 2.93 3.47 3.42 4.60 3.83 1.24 2.02 4.62 6.35
Tax % 30.90% 33.47% 33.79% 33.11% 33.14% 27.49% 27.39% 25.33% 26.61% 19.80% 23.81% 29.92%
1.22 1.65 1.46 1.96 2.32 2.48 3.34 2.87 0.90 1.61 3.52 4.44
EPS in Rs 24.40 33.00 29.20 39.20 46.40 49.60 66.80 6.38 2.00 2.60 5.68 7.16
Dividend Payout % 0.00% 0.00% 0.00% 2.82% 11.90% 0.00% 10.33% 15.82% 50.44% 46.06% 26.34% 229.66%
Compounded Sales Growth
10 Years: 8%
5 Years: 3%
3 Years: 31%
TTM: 14%
Compounded Profit Growth
10 Years: 10%
5 Years: 5%
3 Years: 71%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 44%
1 Year: 28%
Return on Equity
10 Years: 17%
5 Years: 13%
3 Years: 13%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.25 0.25 0.23 0.23 0.23 0.23 2.27 2.27 3.09 3.09 3.09
Reserves 1.96 3.61 4.70 6.64 8.69 10.83 14.04 14.94 19.81 22.59 26.11
0.00 0.25 0.61 0.33 0.25 0.26 0.33 0.33 0.28 0.00 0.00
2.66 3.49 2.51 4.00 3.75 3.49 5.36 3.11 3.86 7.58 9.73
Total Liabilities 4.87 7.60 8.05 11.20 12.92 14.81 22.00 20.65 27.04 33.26 38.93
0.06 0.20 0.27 0.37 0.40 1.98 1.97 1.76 3.48 3.46 3.58
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.12 1.62 1.62 2.07 2.92 1.45 2.41 4.93 5.48 8.35 13.60
3.69 5.78 6.16 8.76 9.60 11.38 17.62 13.96 18.08 21.45 21.75
Total Assets 4.87 7.60 8.05 11.20 12.92 14.81 22.00 20.65 27.04 33.26 38.93

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.00 0.00 0.00 0.00 0.77 2.95 0.37 3.59 4.86 3.88
0.00 0.00 0.00 0.00 0.00 -0.06 -1.10 -2.30 -2.12 -2.70 -4.95
0.00 0.00 0.00 0.00 0.00 -0.34 -0.55 -0.02 4.03 -1.05 -0.94
Net Cash Flow 0.00 0.00 0.00 0.00 0.00 0.36 1.31 -1.94 5.50 1.10 -2.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22.88 42.35 62.60 72.01 51.55 61.29 65.81 101.13 57.22 50.09 65.35
Inventory Days 16.08 56.55 72.55 86.02 46.94 99.79 104.97 224.67 163.95 136.16 76.18
Days Payable 113.13 115.67 92.95 0.00 3.87 46.88 4.41 8.21 14.96 14.19 18.82
Cash Conversion Cycle -74.18 -16.77 42.20 158.03 94.62 114.20 166.37 317.59 206.21 172.06 122.70
Working Capital Days 14.46 37.98 70.68 75.06 63.20 99.40 89.45 186.81 100.26 44.65 23.60
ROCE % 110.90% 78.16% 45.39% 46.94% 43.01% 33.77% 7.08% 9.82% 18.99% 22.59%

Shareholding Pattern

Numbers in percentages

Mar 2021Apr 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Jul 2024
83.65% 61.34% 63.09% 63.09% 63.09% 63.09% 63.09% 63.09% 63.09%
16.35% 38.66% 36.91% 36.91% 36.91% 36.91% 36.91% 36.91% 36.91%
No. of Shareholders 42298198173166168223242398

Documents

Announcements

Annual reports

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