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Last Updated: April 2, 2026, 3:40 am
Author: Getaka|Social: XLinkedIn

Sicagen India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹38.67Overvalued by 19.10%vs CMP ₹47.80

P/E (10.6) × ROE (3.4%) × BV (₹131.00) × DY (2.09%)

₹72.89Undervalued by 52.49%vs CMP ₹47.80
MoS: +34.4% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 2 Fair, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹54.5827%Under (+14.2%)
Graham NumberEarnings₹114.5316%Under (+139.6%)
DCFCash Flow₹70.2113%Under (+46.9%)
Net Asset ValueAssets₹131.019%Under (+174.1%)
EV/EBITDAEnterprise₹51.5911%Fair (+7.9%)
Earnings YieldEarnings₹44.509%Fair (-6.9%)
ROCE CapitalReturns₹23.009%Over (-51.9%)
Revenue MultipleRevenue₹112.807%Under (+136%)
Consensus (8 models)₹72.89100%Undervalued
Key Drivers: EPS CAGR 41.1% lifts DCF — verify sustainability. | ROE 3.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 41.1%

*Investments are subject to market risks

Investment Snapshot

54
Sicagen India Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 5.6% WeakROE 3.4% WeakD/E 0.16 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money60/100 · Moderate
FII holding up 0.05% (6mo) Slight increasePromoter holding at 61.1% Stable
Earnings Quality50/100 · Moderate
OPM stable around 4% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +8% YoY Positive
Industry Rank40/100 · Moderate
P/E 10.6 vs industry 102.1 Cheaper than peersROCE 5.6% vs industry 15.2% Below peersROE 3.4% vs industry 8.8% Below peers3Y sales CAGR: 2% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:40 am

Market Cap 189 Cr.
Current Price 47.8
Intrinsic Value₹72.89
High / Low 79.4/42.1
Stock P/E10.6
Book Value 131
Dividend Yield2.09 %
ROCE5.57 %
ROE3.41 %
Face Value 10.0
PEG Ratio0.26

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

View Share Price Target for Sicagen India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Sicagen India Ltd 189 Cr. 47.8 79.4/42.110.6 1312.09 %5.57 %3.41 % 10.0
Eyantra Ventures Ltd 175 Cr. 874 1,175/7151,032 1430.00 %11.0 %8.20 % 10.0
Sakuma Exports Ltd 209 Cr. 1.33 3.82/1.1027.8 4.620.00 %2.79 %1.91 % 1.00
Chandrima Mercantiles Ltd 164 Cr. 4.93 14.5/2.6640.4 2.950.00 %0.90 %0.98 % 1.00
Emergent Industrial Solutions Ltd 228 Cr. 498 990/250 61.30.00 %37.0 %14.6 % 10.0
Industry Average10,858.54 Cr140.30102.09119.050.48%15.22%8.81%7.62

All Competitor Stocks of Sicagen India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 258.19227.42166.43180.08227.70221.23232.26197.71209.92251.65204.54226.76264.27
Expenses 251.32216.05157.99174.97222.48212.85222.99189.44203.04240.91194.80217.70255.00
Operating Profit 6.8711.378.445.115.228.389.278.276.8810.749.749.069.27
OPM % 2.66%5.00%5.07%2.84%2.29%3.79%3.99%4.18%3.28%4.27%4.76%4.00%3.51%
Other Income 1.877.551.321.492.851.442.032.723.522.271.921.752.69
Interest 2.282.642.592.472.652.942.622.832.503.073.042.712.68
Depreciation 2.133.552.122.122.193.332.292.312.393.512.392.372.37
Profit before tax 4.3312.735.052.013.233.556.395.855.516.436.235.736.91
Tax % 20.32%12.25%24.75%35.32%28.17%12.68%24.88%29.23%23.77%38.26%27.13%27.75%28.65%
Net Profit 3.4511.173.801.302.323.104.804.144.203.974.544.144.93
EPS in Rs 0.872.820.960.330.590.781.211.051.061.001.151.051.25

Last Updated: February 4, 2026, 4:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 8:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 620645601711738820699542836895795892947
Expenses 631644608707737817688533814869768856908
Operating Profit -111-73131192227283639
OPM % -2%0%-1%0%0%0%2%2%3%3%3%4%4%
Other Income 411818151515118-015799
Interest 7667999569111112
Depreciation 65545610101111101011
Profit before tax 178-182331522142425
Tax % 1%13%-300%3%30%95%89%322%112%18%24%29%
Net Profit 17717100-3-118111718
EPS in Rs 4.271.670.271.890.290.030.09-0.81-0.154.502.664.324.45
Dividend Payout % 19%36%224%32%206%1,218%550%-74%-162%13%23%23%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-58.82%-85.71%600.00%-85.71%-100.00%66.67%1900.00%-38.89%54.55%
Change in YoY Net Profit Growth (%)0.00%-26.89%685.71%-685.71%-14.29%166.67%1833.33%-1938.89%93.43%

Sicagen India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:5%
3 Years:2%
TTM:0%
Compounded Profit Growth
10 Years:11%
5 Years:113%
3 Years:136%
TTM:32%
Stock Price CAGR
10 Years:18%
5 Years:45%
3 Years:27%
1 Year:-30%
Return on Equity
10 Years:1%
5 Years:2%
3 Years:3%
Last Year:3%

Last Updated: September 5, 2025, 1:31 pm

Balance Sheet

Last Updated: February 1, 2026, 1:55 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 40404040404040404040404040
Reserves 441439443345353343336355383400420444478
Borrowings 7348608997119967995121121148164
Other Liabilities 1198476105114184133721406814390148
Total Liabilities 673610619578604685605546656629723722830
Fixed Assets 645957183203151168168141141140137140
CWIP 01212001000101
Investments 10010010054342620377069737993
Other Assets 509451460329367507417340445418510505596
Total Assets 673610619578604685605546656629723722830

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -142-3-41-1220-3731-2152533
Cash from Investing Activity + 1729511-545-1718-4-3-14
Cash from Financing Activity + -18-11422-4-12-18-12-18-13-20-17
Net Cash Flow -15-610-13-53-103-2-322
Free Cash Flow -44-8-64-2563-422913112233
CFO/OP 145%326%43%-1,191%-1,130%832%-312%378%16%65%99%103%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-84.00-47.00-67.00-86.00-96.00-116.00-85.00-70.00-73.00-94.00-93.00-112.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 75617175911191081151077611494
Inventory Days 705659706858788050656760
Days Payable 351919324275604060244720
Cash Conversion Cycle 1109811011311710212615597117134134
Working Capital Days 6769786773619911484859788
ROCE %2%2%1%3%2%3%3%2%4%4%4%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 50.57%55.46%55.46%55.46%55.46%55.46%60.39%60.39%60.39%60.39%61.13%61.13%
FIIs 7.34%7.34%7.34%7.34%7.34%7.34%2.42%2.42%2.42%2.85%2.42%2.47%
DIIs 0.60%0.60%0.60%0.60%0.60%0.60%0.60%0.58%0.58%0.58%0.58%0.58%
Public 41.49%36.60%36.59%36.60%36.58%36.59%36.58%36.61%36.61%36.18%35.88%35.81%
No. of Shareholders 25,31425,19925,16025,11424,72624,30924,85524,45323,93423,66823,32623,057

Shareholding Pattern Chart

No. of Shareholders

Sicagen India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 4.322.654.50-0.15-0.81
Diluted EPS (Rs.) 4.322.654.50-0.15-0.81
Cash EPS (Rs.) 6.985.127.172.611.70
Book Value[Excl.RevalReserv]/Share (Rs.) 122.31116.19111.08106.7399.75
Book Value[Incl.RevalReserv]/Share (Rs.) 122.31116.19111.08106.7399.75
Revenue From Operations / Share (Rs.) 225.39201.02226.26211.31136.88
PBDIT / Share (Rs.) 11.018.668.777.724.25
PBIT / Share (Rs.) 8.356.196.114.961.74
PBT / Share (Rs.) 6.113.505.471.270.36
Net Profit / Share (Rs.) 4.322.654.50-0.15-0.80
NP After MI And SOA / Share (Rs.) 4.322.654.50-0.15-0.80
PBDIT Margin (%) 4.884.303.873.653.10
PBIT Margin (%) 3.703.072.692.341.27
PBT Margin (%) 2.711.732.410.590.26
Net Profit Margin (%) 1.911.311.99-0.07-0.59
NP After MI And SOA Margin (%) 1.911.311.99-0.07-0.59
Return on Networth / Equity (%) 3.532.284.05-0.14-0.81
Return on Capital Employeed (%) 6.585.125.294.471.60
Return On Assets (%) 2.371.502.83-0.09-0.56
Long Term Debt / Equity (X) 0.000.000.000.000.01
Total Debt / Equity (X) 0.270.220.240.180.16
Asset Turnover Ratio (%) 1.261.201.390.850.66
Current Ratio (X) 2.292.172.382.012.57
Quick Ratio (X) 1.701.581.551.541.76
Inventory Turnover Ratio (X) 6.852.283.780.700.48
Dividend Payout Ratio (NP) (%) 13.8522.595.55-388.520.00
Dividend Payout Ratio (CP) (%) 8.5811.693.4922.960.00
Earning Retention Ratio (%) 86.1577.4194.45488.520.00
Cash Earning Retention Ratio (%) 91.4288.3196.5177.040.00
Interest Coverage Ratio (X) 3.953.223.915.183.08
Interest Coverage Ratio (Post Tax) (X) 2.361.982.292.370.41
Enterprise Value (Cr.) 307.23291.78198.21139.5185.90
EV / Net Operating Revenue (X) 0.340.360.220.160.15
EV / EBITDA (X) 7.058.525.714.575.10
MarketCap / Net Operating Revenue (X) 0.270.290.130.100.10
Retention Ratios (%) 86.1477.4094.44488.520.00
Price / BV (X) 0.500.500.270.200.14
Price / Net Operating Revenue (X) 0.270.290.130.100.10
EarningsYield 0.070.040.14-0.01-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 539.16 Cr. and Equity Capital is Rs. 39.57 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Trading & Distributors4th Floor, SPIC House, No.88, Mount Road, Chennai (Madras) Tamil Nadu 600032Contact not found
Management
NamePosition Held
Mr. Ashwin C MuthiahChairman
Mr. Nandakumar VarmaWhole Time Director
Mr. R ChandrasekarDirector
Mr. Batchu Sai PurshothamIndependent Director
Ms. Govindarajan Dattatreyan SharmaIndependent Director
Ms. Rita ChandrasekarIndependent Director

FAQ

What is the intrinsic value of Sicagen India Ltd and is it undervalued?

As of 09 April 2026, Sicagen India Ltd's intrinsic value is ₹72.89, which is 52.49% higher than the current market price of ₹47.80, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.41 %), book value (₹131), dividend yield (2.09 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sicagen India Ltd?

Sicagen India Ltd is trading at ₹47.80 as of 09 April 2026, with a FY2026-2027 high of ₹79.4 and low of ₹42.1. The stock is currently near its 52-week low. Market cap stands at ₹189 Cr..

How does Sicagen India Ltd's P/E ratio compare to its industry?

Sicagen India Ltd has a P/E ratio of 10.6, which is below the industry average of 102.09. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Sicagen India Ltd financially healthy?

Key indicators for Sicagen India Ltd: ROCE of 5.57 % is on the lower side compared to the industry average of 15.22%; ROE of 3.41 % is below ideal levels (industry average: 8.81%). Dividend yield is 2.09 %.

Is Sicagen India Ltd profitable and how is the profit trend?

Sicagen India Ltd reported a net profit of ₹17 Cr in Mar 2025 on revenue of ₹892 Cr. Compared to ₹-1 Cr in Mar 2022, the net profit shows an improving trend.

Does Sicagen India Ltd pay dividends?

Sicagen India Ltd has a dividend yield of 2.09 % at the current price of ₹47.80. This is a relatively attractive yield for income-seeking investors.

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
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