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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sicagen India Ltd

About the Company - Sicagen India Ltd

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, Chennai (Madras) Tamil Nadu 600032info@sicagen.com
http://www.sicagen.com
Management
NamePosition Held
Mr. Ashwin C MuthiahChairman
Mr. Nandakumar VarmaWhole Time Director
Mr. S R RamakrishnanNon Exe.Non Ind.Director
Mr. R ChandrasekarNon Exe.Non Ind.Director
Ms. Sashikala SrikanthIndependent Director
Ms. Rita ChandrasekarIndependent Director
Mr. S RadhakrishnanIndependent Director
Mr. M RajamaniIndependent Director
Mr. B NarendranIndependent Director

Sicagen India Ltd. Share Price Update

Share PriceValue
Today₹65.50
Previous Day₹65.40

Basic Stock Data of Sicagen India Ltd

Market Cap 247 Cr.
Current Price 62.3
High / Low79.5/29.0
Stock P/E19.0
Book Value 116
Dividend Yield0.98 %
ROCE4.29 %
ROE2.72 %
Face Value 10.0

Data Source: screener.in

Competitors of Sicagen India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Parker Agrochem Exports Ltd 9.66 Cr. 20.229.1/6.813.85 9.060.00 %22.7 %24.1 % 10.0
Padmanabh Industries Ltd 2.91 Cr. 4.806.43/2.30 0.030.00 %0.00 %% 10.0
Uniphos Enterprises Ltd 1,006 Cr. 145184/13225.3 3794.50 %1.24 %1.23 % 2.00
A F Enterprises Ltd 25.1 Cr. 6.8419.6/4.30 8.980.00 %0.67 %1.51 % 10.0
Sakuma Exports Ltd 635 Cr. 27.130.8/9.2526.4 19.20.19 %9.08 %6.39 % 1.00
Industry Average335.73 Cr40.7911.1183.250.94%6.74%6.65%6.60

Sicagen India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales126.31159.49199.54132.58158.28229.73315.55163.87245.82258.19227.42166.43180.08
Expenses124.31158.11190.23126.20155.39224.89307.71158.96242.46251.32216.05157.99174.97
Operating Profit2.001.389.316.382.894.847.844.913.366.8711.378.445.11
OPM %1.58%0.87%4.67%4.81%1.83%2.11%2.48%3.00%1.37%2.66%5.00%5.07%2.84%
Other Income1.931.822.350.92-5.071.702.342.182.951.877.551.321.49
Interest1.131.281.491.311.331.581.681.912.052.282.642.592.47
Depreciation2.362.252.942.273.192.652.822.082.782.133.552.122.12
Profit before tax0.44-0.337.233.72-6.702.315.683.101.484.3312.735.052.01
Tax %38.64%-312.12%47.30%26.34%-33.58%35.93%27.46%26.77%37.16%20.32%12.25%24.75%35.32%
Net Profit0.27-1.363.812.74-8.951.484.122.270.933.4511.173.801.30
EPS in Rs0.07-0.340.960.69-2.260.371.040.570.240.872.820.960.33

Sicagen India Ltd Quarterly Chart

Sicagen India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0581,027620645601711738820699542836895802
Expenses1,052994631644608707737817688533814869771
Operating Profit634-111-7313119222730
OPM %1%3%-2%0%-1%0%0%0%2%2%3%3%4%
Other Income387411818151515118-01513
Interest1211766799956910
Depreciation446554561010111110
Profit before tax2926178-18233152223
Tax %29%31%1%13%300%3%30%95%89%322%112%18%
Net Profit211817717100-3-11819
EPS in Rs5.194.524.271.670.271.890.290.030.09-0.81-0.154.504.70
Dividend Payout %19%22%19%36%224%32%206%1,218%550%-74%-162%13%

Sicagen India Ltd Profit & Loss Yearly Chart

Sicagen India Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:4%
3 Years:9%
TTM:-18%
Compounded Profit Growth
10 Years:-5%
5 Years:59%
3 Years:219%
TTM:18%
Stock Price CAGR
10 Years:18%
5 Years:26%
3 Years:62%
1 Year:110%
Return on Equity
10 Years:1%
5 Years:0%
3 Years:1%
Last Year:3%

MSTC Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital40404040404040404040404040
Reserves402421441439443345353343336355383400419
Borrowings931037348608997119967995121132
Other Liabilities1101121198476105114184133721406857
Total Liabilities643675673610619578604685605546656629648
Fixed Assets5760645957183203151168168141141139
CWIP02012120010000
Investments981001001001005434262037706977
Other Assets488513509451460329367507417340445418431
Total Assets643675673610619578604685605546656629648

Sicagen India Ltd Reserves and Borrowings Chart

Sicagen India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3916-142-3-41-1220-3731-215
Cash from Investing Activity -3181729511-545-1718-4
Cash from Financing Activity 7-17-18-11422-4-12-18-12-18-13
Net Cash Flow157-15-610-13-53-103-2-3

Sicagen India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3544756171759111910811510776
Inventory Days414770565970685878805065
Days Payable141835191932427560406024
Cash Conversion Cycle63731109811011311710212615597117
Working Capital Days646610490106106115110138155121130
ROCE %7%7%2%2%1%3%2%3%3%2%4%4%

Sicagen India Ltd Financial Efficiency Indicators Chart

Sicagen India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters39.85%39.85%39.85%38.78%38.78%38.78%45.66%45.66%50.57%50.57%50.57%50.57%
FIIs12.33%12.33%12.33%12.33%12.33%12.33%7.34%7.34%7.34%7.34%7.34%7.34%
DIIs0.61%0.61%0.61%0.61%0.61%0.61%0.60%0.60%0.60%0.60%0.60%0.60%
Public47.20%47.20%47.21%48.28%48.28%48.28%46.39%46.38%41.49%41.49%41.48%41.49%
No. of Shareholders39,26133,93428,68028,33929,64428,98227,49425,68925,31425,19925,16025,114

Sicagen India Ltd Shareholding Pattern Chart

No. of Sicagen India Ltd Shareholders

This stock is not held by any mutual fund

Sicagen India Ltd ROCE Trend

Sicagen India Ltd EPS Trend

Sicagen India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.50-0.15-0.810.090.03
Diluted EPS (Rs.)4.50-0.15-0.810.090.03
Cash EPS (Rs.)7.172.611.702.651.61
Book Value[Excl.RevalReserv]/Share (Rs.)111.08106.7399.7594.8296.65
Book Value[Incl.RevalReserv]/Share (Rs.)111.08106.7399.7594.8296.65
Revenue From Operations / Share (Rs.)226.26211.31136.88176.61207.31
PBDIT / Share (Rs.)8.777.724.255.654.60
PBIT / Share (Rs.)6.114.961.743.093.02
PBT / Share (Rs.)5.471.270.360.860.71
Net Profit / Share (Rs.)4.50-0.15-0.800.090.03
NP After MI And SOA / Share (Rs.)4.50-0.15-0.800.090.03
PBDIT Margin (%)3.873.653.103.192.21
PBIT Margin (%)2.692.341.271.741.45
PBT Margin (%)2.410.590.260.480.34
Net Profit Margin (%)1.99-0.07-0.590.050.01
NP After MI And SOA Margin (%)1.99-0.07-0.590.050.01
Return on Networth / Equity (%)4.05-0.14-0.810.090.03
Return on Capital Employeed (%)5.294.471.602.942.89
Return On Assets (%)2.83-0.09-0.560.050.01
Long Term Debt / Equity (X)0.000.000.010.050.02
Total Debt / Equity (X)0.240.180.160.250.30
Asset Turnover Ratio (%)1.390.850.660.760.96
Current Ratio (X)2.382.012.572.081.75
Quick Ratio (X)1.551.541.761.391.33
Inventory Turnover Ratio (X)3.780.700.480.550.50
Dividend Payout Ratio (NP) (%)5.55-388.520.00530.552192.30
Dividend Payout Ratio (CP) (%)3.4922.960.0018.1944.74
Earning Retention Ratio (%)94.45488.520.00-430.55-2092.30
Cash Earning Retention Ratio (%)96.5177.040.0081.8155.26
Interest Coverage Ratio (X)3.915.183.082.541.99
Interest Coverage Ratio (Post Tax) (X)2.292.370.411.041.01
Enterprise Value (Cr.)198.21139.5185.90113.91146.22
EV / Net Operating Revenue (X)0.220.160.150.160.17
EV / EBITDA (X)5.714.575.105.098.03
MarketCap / Net Operating Revenue (X)0.130.100.100.040.11
Retention Ratios (%)94.44488.520.00-430.55-2092.30
Price / BV (X)0.270.200.140.090.24
Price / Net Operating Revenue (X)0.130.100.100.040.11
EarningsYield0.14-0.01-0.050.010.00

Sicagen India Ltd Profitability Ratios (%)

Sicagen India Ltd Liquidity Ratios

Sicagen India Ltd Liquidity Ratios (%)

Sicagen India Ltd Interest Coverage Ratios (X)

Sicagen India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Sicagen India Ltd

Fair Value: ₹60.54

The stock is overvalued by 2.83% compared to the current price ₹62.3

*Investments are subject to market risks

Strength and Weakness of Sicagen India Ltd

StrengthWeakness
  1. The company has higher reserves (390.77 cr) compared to borrowings (92.69 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (608.54 cr) and profit (11.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 3.78 and average Dividend Yield of 1.90%.
  2. The stock has a low average ROCE of 3.33%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 108.75, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 106.75, which may not be favorable.

Should I Buy Sicagen India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Sicagen India Ltd:
    1. Net Profit Margin: 1.99%
      • 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: 5.29% (Industry Average ROCE: 17.46%)
      • 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. Interest Coverage Ratio (Post Tax): 2.29
      • 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.
    4. Quick Ratio: 1.55
      • 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.
    5. ✓ Stock P/E: 19.6 (Industry average Stock P/E: 97.74)
      • 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.
    6. ✓ Total Debt / Equity: 0.24
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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