Sigachi Industries Ltd

Sigachi Industries Ltd

₹ 59.9 2.57%
24 Jul - close price
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 1,966 Cr.
  • Current Price 59.9
  • High / Low 95.9 / 29.2
  • Stock P/E 34.4
  • Book Value 13.1
  • Dividend Yield 0.17 %
  • ROCE 17.2 %
  • ROE 16.4 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 24.6% CAGR over last 5 years

Cons

  • Debtor days have increased from 107 to 137 days.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
52 55 57 66 73 78 82 69 72 85 99 111 104
40 43 44 53 58 62 66 55 60 68 78 88 88
Operating Profit 11 12 14 13 15 16 16 14 12 16 21 23 16
OPM % 22% 22% 24% 19% 20% 21% 20% 20% 17% 19% 22% 20% 16%
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 3
Depreciation 1 1 1 1 1 1 2 2 2 2 3 3 3
Profit before tax 11 12 13 12 15 17 15 12 10 15 18 20 17
Tax % 19% 22% 23% 22% 23% 23% 11% 20% 29% 26% 17% 18% 12%
9 9 10 10 12 13 14 10 7 11 15 16 15
EPS in Rs 1.19 1.17 0.43 0.31 0.38 0.42 0.44 0.32 0.24 0.35 0.49 0.50 0.46
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
101 129 139 193 250 302 399
89 103 114 154 197 243 322
Operating Profit 12 26 25 39 53 59 77
OPM % 12% 20% 18% 20% 21% 19% 19%
3 4 5 3 3 7 12
Interest 4 3 2 1 1 4 8
Depreciation 1 2 2 2 3 7 11
Profit before tax 10 25 25 38 52 54 70
Tax % 28% 23% 20% 21% 22% 20% 18%
7 19 20 30 40 44 57
EPS in Rs 2.25 6.19 2.65 3.94 1.30 1.42 1.74
Dividend Payout % 4% 2% 4% 0% 8% 7% 6%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 27%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 24%
TTM: 31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 96%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 19%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 8 8 31 31 33
Reserves 23 42 57 87 197 238 397
30 25 30 21 35 68 123
16 21 14 18 24 37 142
Total Liabilities 72 91 109 133 287 374 694
26 29 32 38 53 122 255
CWIP 1 2 3 4 10 35 97
Investments 0 0 0 0 0 0 0
46 61 74 92 224 216 342
Total Assets 72 91 109 133 287 374 694

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 14 12 30 6 29 13
-4 -6 -7 -11 -63 -92 -161
-5 -9 3 -11 108 26 172
Net Cash Flow -1 -0 8 7 51 -37 24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 77 70 72 68 88 97 137
Inventory Days 99 123 141 77 94 123 132
Days Payable 52 48 37 29 33 55 90
Cash Conversion Cycle 124 145 177 116 149 165 180
Working Capital Days 97 105 130 105 134 137 150
ROCE % 44% 34% 38% 28% 20% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
48.48% 48.48% 48.48% 48.48% 48.49% 48.49% 48.49% 48.49% 46.08% 45.43% 45.43%
1.42% 0.23% 2.69% 0.08% 0.05% 0.09% 0.05% 0.95% 1.76% 2.06% 1.55%
4.70% 2.92% 0.01% 0.01% 0.00% 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% 53.01%
No. of Shareholders 86,18198,63895,91597,25793,81086,57684,57479,86297,0531,37,5061,37,193

* 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.

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