Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Sicagen India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 1:52 am

Market Cap 309 Cr.
Current Price 78.2
High / Low119/42.6
Stock P/E21.6
Book Value 123
Dividend Yield0.77 %
ROCE4.38 %
ROE2.42 %
Face Value 10.0
PEG Ratio0.22

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sicagen India Ltd

Competitors of Sicagen India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IFL Enterprises Ltd 75.0 Cr. 1.003.87/0.95 0.990.00 %5.06 %3.36 % 1.00
Hira Automobile Ltd 19.6 Cr. 71.271.2/26.128.4 51.40.00 %9.65 %5.10 % 10.0
Hindustan Appliances Ltd 344 Cr. 343343/9.832,022 14.50.00 %0.26 %0.90 % 10.0
Hardwyn India Ltd 1,256 Cr. 36.052.0/26.0101 11.10.00 %3.92 %2.58 % 1.00
Grandma Trading & Agencies Ltd 11.8 Cr. 0.903.59/0.80 0.010.00 %0.64 %1.30 % 1.00
Industry Average14,654.00 Cr166.25160.5688.490.11%13.01%9.75%8.21

All Competitor Stocks of Sicagen India Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales199.54132.58158.28229.73315.55163.87245.82258.19227.42166.43180.08227.71221.23
Expenses190.23126.20155.39224.89307.71158.96242.46251.32216.05157.99174.97222.48212.85
Operating Profit9.316.382.894.847.844.913.366.8711.378.445.115.238.38
OPM %4.67%4.81%1.83%2.11%2.48%3.00%1.37%2.66%5.00%5.07%2.84%2.30%3.79%
Other Income2.350.92-5.071.702.342.182.951.877.551.321.492.851.44
Interest1.491.311.331.581.681.912.052.282.642.592.472.652.94
Depreciation2.942.273.192.652.822.082.782.133.552.122.122.203.33
Profit before tax7.233.72-6.702.315.683.101.484.3312.735.052.013.233.55
Tax %47.30%26.34%-33.58%35.93%27.46%26.77%37.16%20.32%12.25%24.75%35.32%28.17%13.52%
Net Profit3.812.74-8.951.484.122.270.933.4511.173.801.302.323.07
EPS in Rs0.960.69-2.260.371.040.570.240.872.820.960.330.590.78

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1,027620645601711738820699542836895795
Expenses994631644608707737817688533814869768
Operating Profit34-111-7313119222727
OPM %3%-2%0%-1%0%0%0%2%2%3%3%3%
Other Income7411818151515118-0157
Interest11766799956911
Depreciation46554561010111110
Profit before tax26178-18233152214
Tax %31%1%13%-300%3%30%95%89%322%112%18%24%
Net Profit1817717100-3-11810
EPS in Rs4.524.271.670.271.890.290.030.09-0.81-0.154.502.65
Dividend Payout %22%19%36%224%32%206%1,218%550%-74%-162%13%23%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192021-20222022-20232023-2024
YoY Net Profit Growth (%)-5.56%-58.82%-85.71%600.00%-85.71%-100.00%66.67%1900.00%-44.44%
Change in YoY Net Profit Growth (%)0.00%-53.27%-26.89%685.71%-685.71%-14.29%166.67%1833.33%-1944.44%

Sicagen India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:-1%
3 Years:14%
TTM:6%
Compounded Profit Growth
10 Years:11%
5 Years:193%
3 Years:70%
TTM:1%
Stock Price CAGR
10 Years:18%
5 Years:36%
3 Years:57%
1 Year:63%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:2%
Last Year:2%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:39 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital40404040404040404040404040
Reserves421441439443345353343336355383400420447
Borrowings1037348608997119967995121121150
Other Liabilities1121198476105114184133721406811862
Total Liabilities675673610619578604685605546656629699698
Fixed Assets60645957183203151168168141141140141
CWIP20121200100010
Investments100100100100543426203770697386
Other Assets513509451460329367507417340445418486471
Total Assets675673610619578604685605546656629699698

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +16-142-3-41-1220-3731-21525
Cash from Investing Activity +81729511-545-1718-4-3
Cash from Financing Activity +-17-18-11422-4-12-18-12-18-13-20
Net Cash Flow7-15-610-13-53-103-2-32

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-69.00-84.00-47.00-67.00-86.00-96.00-116.00-85.00-70.00-73.00-94.00-94.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days44756171759111910811510776114
Inventory Days477056597068587880506567
Days Payable183519193242756040602447
Cash Conversion Cycle731109811011311710212615597117134
Working Capital Days6610490106106115110138155121130147
ROCE %7%2%2%1%3%2%3%3%2%4%4%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters39.85%38.78%38.78%38.78%45.66%45.66%50.57%55.46%55.46%55.46%55.46%55.46%
FIIs12.33%12.33%12.33%12.33%7.34%7.34%7.34%7.34%7.34%7.34%7.34%7.34%
DIIs0.61%0.61%0.61%0.61%0.60%0.60%0.60%0.60%0.60%0.60%0.60%0.60%
Public47.21%48.28%48.28%48.28%46.39%46.38%41.49%36.60%36.59%36.60%36.58%36.59%
No. of Shareholders28,68028,33929,64428,98227,49425,68925,31425,19925,16025,11424,72624,309

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.654.50-0.15-0.810.09
Diluted EPS (Rs.)2.654.50-0.15-0.810.09
Cash EPS (Rs.)5.127.172.611.702.65
Book Value[Excl.RevalReserv]/Share (Rs.)116.19111.08106.7399.7594.82
Book Value[Incl.RevalReserv]/Share (Rs.)116.19111.08106.7399.7594.82
Revenue From Operations / Share (Rs.)201.02226.26211.31136.88176.61
PBDIT / Share (Rs.)8.668.777.724.255.65
PBIT / Share (Rs.)6.196.114.961.743.09
PBT / Share (Rs.)3.505.471.270.360.86
Net Profit / Share (Rs.)2.654.50-0.15-0.800.09
NP After MI And SOA / Share (Rs.)2.654.50-0.15-0.800.09
PBDIT Margin (%)4.303.873.653.103.19
PBIT Margin (%)3.072.692.341.271.74
PBT Margin (%)1.732.410.590.260.48
Net Profit Margin (%)1.311.99-0.07-0.590.05
NP After MI And SOA Margin (%)1.311.99-0.07-0.590.05
Return on Networth / Equity (%)2.284.05-0.14-0.810.09
Return on Capital Employeed (%)5.125.294.471.602.94
Return On Assets (%)1.502.83-0.09-0.560.05
Long Term Debt / Equity (X)0.000.000.000.010.05
Total Debt / Equity (X)0.220.240.180.160.25
Asset Turnover Ratio (%)1.201.390.850.660.76
Current Ratio (X)2.172.382.012.572.08
Quick Ratio (X)1.581.551.541.761.39
Inventory Turnover Ratio (X)2.283.780.700.480.55
Dividend Payout Ratio (NP) (%)0.005.55-388.520.00530.55
Dividend Payout Ratio (CP) (%)0.003.4922.960.0018.19
Earning Retention Ratio (%)0.0094.45488.520.00-430.55
Cash Earning Retention Ratio (%)0.0096.5177.040.0081.81
Interest Coverage Ratio (X)3.223.915.183.082.54
Interest Coverage Ratio (Post Tax) (X)1.982.292.370.411.04
Enterprise Value (Cr.)291.78198.21139.5185.90113.91
EV / Net Operating Revenue (X)0.360.220.160.150.16
EV / EBITDA (X)8.525.714.575.105.09
MarketCap / Net Operating Revenue (X)0.290.130.100.100.04
Retention Ratios (%)0.0094.44488.520.00-430.55
Price / BV (X)0.500.270.200.140.09
Price / Net Operating Revenue (X)0.290.130.100.100.04
EarningsYield0.040.14-0.01-0.050.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Sicagen India Ltd as of November 17, 2024 is: 64.79

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 17, 2024, Sicagen India Ltd is Overvalued by 17.15% compared to the current share price 78.20

Intrinsic Value of Sicagen India Ltd as of November 17, 2024 is: 127.44

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 17, 2024, Sicagen India Ltd is Undervalued by 62.97% compared to the current share price 78.20

Last 5 Year EPS CAGR: 96.70%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (394.31 cr) compared to borrowings (96.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (658.58 cr) and profit (9.00 cr) over the years.
  1. The stock has a low average ROCE of 3.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 115.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 112.67, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Sicagen India Ltd:
    1. Net Profit Margin: 1.31%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 5.12% (Industry Average ROCE: 13.01%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 2.28% (Industry Average ROE: 9.75%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.98
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.58
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 21.6 (Industry average Stock P/E: 160.56)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.22
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Sicagen India Ltd. is a Public Limited Listed company incorporated on 11/06/2004 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L74900TN2004PLC053467 and registration number is 053467. Currently company belongs to the Industry of Trading. Company’s Total Operating Revenue is Rs. 442.61 Cr. and Equity Capital is Rs. 39.57 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & Distributors4th Floor, SPIC House, No.88, Mount Road, Chennai (Madras) Tamil Nadu 600032info@sicagen.com
http://www.sicagen.com
Management
NamePosition Held
Mr. Ashwin C MuthiahChairman
Mr. Nandakumar VarmaWhole Time Director
Mr. R ChandrasekarDirector
Mr. Devaki Ashwin MuthiahDirector
Ms. Govindarajan Dattatreyan SharmaIndependent Director
Ms. Rita ChandrasekarIndependent Director
Mr. S RadhakrishnanIndependent Director
Mr. Batchu Sai PurshothamIndependent Director

FAQ

What is the latest intrinsic value of Sicagen India Ltd?

The latest intrinsic value of Sicagen India Ltd as on 17 November 2024 is ₹64.79, which is 17.15% lower than the current market price of ₹78.20.

What is the Market Cap of Sicagen India Ltd?

The Market Cap of Sicagen India Ltd is 309 Cr..

What is the current Stock Price of Sicagen India Ltd as on 17 November 2024?

The current stock price of Sicagen India Ltd as on 17 November 2024 is ₹78.2.

What is the High / Low of Sicagen India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Sicagen India Ltd stocks is 119/42.6.

What is the Stock P/E of Sicagen India Ltd?

The Stock P/E of Sicagen India Ltd is 21.6.

What is the Book Value of Sicagen India Ltd?

The Book Value of Sicagen India Ltd is 123.

What is the Dividend Yield of Sicagen India Ltd?

The Dividend Yield of Sicagen India Ltd is 0.77 %.

What is the ROCE of Sicagen India Ltd?

The ROCE of Sicagen India Ltd is 4.38 %.

What is the ROE of Sicagen India Ltd?

The ROE of Sicagen India Ltd is 2.42 %.

What is the Face Value of Sicagen India Ltd?

The Face Value of Sicagen India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sicagen India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE