Siddhika Coatings Ltd
Incorporated in 2010, Siddhika Coatings Ltd is in the business of dealing in Oil Paints, Distempers, Cell Paints, Colours, Varnishes, Enamels, etc.
- Market Cap ₹ 87.3 Cr.
- Current Price ₹ 141
- High / Low ₹ 187 / 85.6
- Stock P/E 18.6
- Book Value ₹ 50.2
- Dividend Yield 1.17 %
- ROCE 22.9 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 90.0%
- Company's working capital requirements have reduced from 52.5 days to 22.9 days
Cons
- Company has a low return on equity of 13.5% 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
31.91 | 29.97 | 17.08 | 20.81 | 33.55 | 38.06 | |
27.15 | 26.01 | 15.67 | 18.81 | 28.75 | 31.77 | |
Operating Profit | 4.76 | 3.96 | 1.41 | 2.00 | 4.80 | 6.29 |
OPM % | 14.92% | 13.21% | 8.26% | 9.61% | 14.31% | 16.53% |
0.30 | 0.29 | 0.19 | 0.36 | 0.42 | 1.02 | |
Interest | 0.05 | 0.05 | 0.03 | 0.02 | 0.06 | 0.05 |
Depreciation | 0.14 | 0.16 | 0.14 | 0.14 | 0.19 | 0.19 |
Profit before tax | 4.87 | 4.04 | 1.43 | 2.20 | 4.97 | 7.07 |
Tax % | 27.93% | 25.25% | 27.27% | 20.91% | 24.35% | 28.71% |
3.51 | 3.02 | 1.05 | 1.74 | 3.77 | 5.03 | |
EPS in Rs | 70.20 | 6.71 | 2.33 | 2.81 | 6.08 | 8.11 |
Dividend Payout % | 9.83% | 15.03% | 43.24% | 42.62% | 24.59% | 202.72% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 31% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 68% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 50% |
1 Year: | 60% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 0.23 | 2.27 | 2.27 | 3.09 | 3.09 | 3.09 |
Reserves | 14.35 | 14.86 | 15.90 | 20.90 | 23.93 | 28.04 |
0.33 | 0.33 | 0.33 | 0.28 | 0.00 | 0.00 | |
5.64 | 5.56 | 3.20 | 4.10 | 7.87 | 9.97 | |
Total Liabilities | 20.55 | 23.02 | 21.70 | 28.37 | 34.89 | 41.10 |
0.57 | 1.97 | 1.76 | 3.48 | 3.46 | 3.58 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 2.42 | 2.94 | 5.46 | 6.11 | 8.96 | 14.61 |
17.56 | 18.11 | 14.48 | 18.78 | 22.47 | 22.91 | |
Total Assets | 20.55 | 23.02 | 21.70 | 28.37 | 34.89 | 41.10 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
4.09 | 0.32 | 4.28 | 4.81 | 4.22 | ||
-2.75 | -2.30 | -2.22 | -2.66 | -5.07 | ||
-0.59 | -0.02 | 4.03 | -1.05 | -0.95 | ||
Net Cash Flow | 0.75 | -2.00 | 6.09 | 1.10 | -1.80 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 63.94 | 66.50 | 104.50 | 55.07 | 48.30 | 63.20 |
Inventory Days | 103.47 | 106.29 | 226.91 | 166.34 | 135.32 | 80.08 |
Days Payable | 13.91 | 5.21 | 8.21 | 14.96 | 13.95 | 18.86 |
Cash Conversion Cycle | 153.50 | 167.57 | 323.20 | 206.46 | 169.67 | 124.42 |
Working Capital Days | 95.85 | 89.15 | 187.84 | 93.84 | 40.69 | 22.92 |
ROCE % | 24.22% | 7.73% | 10.19% | 19.89% | 22.91% |
Documents
Announcements
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Board Meeting Intimation
28 October 2024 - SIDDHIKA COATINGS LIMITED has informed about Board Meeting to be held on 08-Nov-2024 to consider and approve the Half Yearly Unaudited Financial results of the …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 October 2024 - Siddhika Coatings Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Trading Window-XBRL
27 September 2024 - SIDDHIKA COATINGS LIMITED has informed about Closure of Trading Window
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Trading Window
27 September 2024 - Siddhika Coatings Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Addendum
22 July 2024 - Siddhika Coatings Limited has informed about Addendum
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.