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Siddhika Coatings Ltd (SIDDHIKA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SIDDHIKA Trading | Small Cap | Siddhika Coatings Share Price

BSE Share Price
Not Listed

Siddhika Coatings Ltd (SIDDHIKA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SIDDHIKA Trading | Small Cap | Siddhika Coatings Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹127 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹16
TTM Sales
₹54.9 Cr.
Book Value per Share
₹58.6
P/E Ratio
12.88
Lower than its 5-year historical median
Industry PE
35.6
Price to Book (P/B)
3.51
Higher than its 5-year historical median
Price to Sales (P/S)
2.31
In line with its 5-year historical median
EV/EBITDA
9.11
Lower than its 5-year historical median
Dividend Yield
1.86%
Profitability Efficiency
Return on Equity (ROE)
24.56%
Outperforms industry median
Return on Capital Employed (ROCE)
32.52%
Outperforms industry median
Return on Assets (ROA)
19.15%
Operating Profit Margin
19.9%
Net Profit Margin
16.72%
Gross Profit Margin
22.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
30.42%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
63.31%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
80.86%
Asset Quality
Promoter Holding
63.09%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹30 Cr.
Equity
₹6.2 Cr.
Face Value
₹10
All Time Low / High
- / -

Siddhika Coatings stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is Siddhika Coatings Ltd a good quality company?
Siddhika Coatings Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Siddhika Coatings Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Siddhika Coatings Ltd vs industry peers?
Siddhika Coatings Ltd revenue CAGR is 10.24%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Siddhika Coatings Ltd?
Promoters hold 63.09% of the Siddhika Coatings Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Siddhika Coatings Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 32.96% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Siddhika Coatings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 30.6%36.3%25.1%7.4%10%19.1%23.3%32.5%-
Value Creation
Index
1.21.60.8-0.5-0.30.40.71.3-

Growth Parameters

Sales 21.431.129.516.620.432.236.84855
Sales YoY Gr.-45.5%-5.3%-43.8%23%58%14.3%30.4%-
Adj EPS 5.57.36.11.92.55.56.812.316
YoY Gr.-34.1%-17.2%-68.8%32.3%119.2%24.8%79.8%-
BVPS (₹) 24.430.9363837.141.647.358.658.6
Adj Net
Profit
2.53.32.80.91.53.44.27.610
Cash Flow from Ops. 0.81.430.43.64.93.94.2-
Debt/CF from Ops. 0.30.20.10.90.1000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA10.2%33.1%30.4%
Adj EPS NA15.2%70.1%79.8%
BVPSNA10.2%16.5%24%
Share Price - 22.3% 3.6% 4.4%

Key Financial Parameters

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.426.518.15.17.71415.423.227.2
Op. Profit
Mgn %
1614.512.87.48.913.515.919.9NAN
Net Profit
Mgn %
11.610.79.35.27.610.511.515.818
Debt to
Equity
00000000-
Working Cap
Days
01351682812001301361230
Cash Conv.
Cycle
070951681177982540

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2131291720323748
Operating Expenses + 1827261519283138
Manufacturing Costs576455812
Material Costs510956121213
Employee Cost 33544567
Other Costs 56634546
Operating Profit 354124610
Operating Profit Margin (%) 16.0%14.5%12.8%7.4%8.9%13.5%15.9%19.9%
Other Income + 00000111
Exceptional Items 00000000
Interest 00000000
Depreciation 00000000
Profit Before Tax 354125611
Tax 11100123
Profit After Tax 23312448
PAT Margin (%) 11.6%10.7%9.7%5.4%7.9%10.9%12.1%16.7%
Adjusted EPS (₹)5.57.46.32.02.65.77.213.0
Dividend Payout Ratio (%)11.40%10.20%15.80%50.30%46%26.30%23%25.40%

Valuation of Siddhika Coatings - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1114161723262936
Share Capital 00223336
Reserves 1114141520232630
Debt +00000000
Long Term Debt00000000
Short Term Debt00000000
Minority Interest00000000
Trade Payables10000011
Others Liabilities 35533798
Total Liabilities 1520222127333945

Fixed Assets

Net Fixed Assets +01101111
Gross Block11122222
Accumulated Depreciation11111111
CWIP 00000000
Investments 33468111621
Inventories13333533
Trade Receivables45553474
Cash Equivalents 23428976
Others Assets 456444611
Total Assets 1520222127333945

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 11304544
PBT 354125611
Adjustment 0000-0-0-0-1
Changes in Working Capital -2-20-122-0-3
Tax Paid -1-1-1-0-1-1-2-2
Cash Flow From Investing Activity + -0-0-1-2-2-3-5-4
Capex -0-0-10-0-0-0-1
Net Investments 00-0-3-2-3-5-4
Others 00000001
Cash Flow From Financing Activity + -0-0-1-04-1-1-1
Net Proceeds from Shares 00005000
Net Proceeds from Borrowing 0000-0-000
Interest Paid 00000000
Dividend Paid -0-0-10-1-1-1-1
Others 000-0-0-0-0-0
Net Cash Flow 011-261-2-1

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)22.3926.6918.925.388.0514.5116.1924.56
ROCE (%)30.636.2625.057.421019.1323.332.52
Asset Turnover Ratio1.451.811.420.780.861.081.031.15
PAT to CFO Conversion(x)0.50.331021.2510.5
Working Capital Days
Receivable Days60.8051.6065.20108.6069.5043.1054.6039
Inventory Days25.3025.6034.106251.5041.1035.2020.90
Payable Days46.6019.5010.108.401110.9016.3016

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Siddhika Coatings Ltd FAQs

The current trading price of Siddhika Coatings on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Siddhika Coatings stood at ₹127.0 Cr

The latest P/E ratio of Siddhika Coatings as of 31-Dec-1969 is 12.88.

The latest P/B ratio of Siddhika Coatings as of 31-Dec-1969 is 3.51.

The 52-week high of Siddhika Coatings is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Siddhika Coatings is ₹54.90 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Siddhika Coatings Ltd is a good quality company.

The key valuation ratios of Siddhika Coatings Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Siddhika Coatings Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Siddhika Coatings Ltd

Siddhika Coatings is a strategic channel partner in India for SK Kaken (SKK) and an authorised importer of its products through SKK Singapore Pte. Ltd. SKK is a renowned coatings and pigments manufacturer based in Japan. Having been associated with SKK for over 15 years, the company has gained the reputation of being one of the well-known suppliers of their products in India. It 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. In addition to apply and supply to majority of its clients, it also provides technical support service along-with supply of products wherein its experienced team provides technical know-how, guidance and equipments for paint/coatings application. Currently, the company is placed as one of the older marketers for SKK products and its specialist paint and application service providers in India.

The company’s greatest strength as a company is based in the inherent professional ‘team-based’ work ethos that it derives from its Japanese partners. This has enables it to provide end-to-end integrated solutions to its clients from supplying of materials to their successful application, it provides flawless and timely delivery of services. With its head office based in New Delhi, over the years, it has set up various branch offices across the country to expand its reach to customers and have built a commendable service record with clients from various regions. Its prestigious and frequent clients include various eminent architects, real estate developers as well as government and private entities in India. Its PAN India network of application specialists, enabled it to execute projects for big names across various industries over the past decade.

Business area of the company

The company is engaged in the business of supplying Architectural Coatings Supplies & Applications in India. The firm also offers application services like coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural pigments and technical-grade functional coatings.

Major events and milestones

  • 2010: Incorporated as “Siddhika Coatings Education Private Limited”.
  • 2013: Achieving milestone of > 2 Lac sq.mtr of paint work completion in single year.
  • 2014: Set up a development centre in Kolkata to reach out industry demand in eastern region.
  • 2015: Acquisition of AB Coatings Private Limited to expand its portfolio.
  • 2015: Commenced operations in Bangalore aiming to cater southern region.
  • 2016: Commenced operations in Banglore.
  • 2017: SKK recognized SIDDHIKA (First ever such recognition in India) as their key partner for supply & apply across India.
  • 2018: Commenced operations in Hyderabad.
  • 2018: Reached to strength of 70+ working strength within group which is helping Siddhika’s  operations to expand.
  • 2018: Achieved milestone of completing > 4.8 Lac sq.mtr in application during one year. That helped company to achieve the tag of India’s largest paint contractor in single brand segment.
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