Sicagen India Ltd - Stock Valuation and Financial Performance

BSE: 533014 | NSE: SICAGEN | Trading | Small Cap

Sicagen India Share Price

57.48 0.91 1.61%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Sicagen India

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Sicagen India stock performance -

mw4me loader
P/E Ratio (SA):
13.03
Market Cap:
225.4 Cr.
52-wk low:
29
52-wk high:
79.5

Is Sicagen India Ltd an attractive stock to invest in?

1. Is Sicagen India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sicagen India Ltd is a below average quality company.

2. Is Sicagen India Ltd undervalued or overvalued?

The key valuation ratios of Sicagen India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sicagen India Ltd a good buy now?

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

10 Year X-Ray of Sicagen India:

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.
Sicagen India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.5%1.4%2.4%2.6%2.5%1.9%1.6%2.1%0.4%4.3%-
Value Creation
Index
-0.9-0.9-0.8-0.8-0.8-0.9-0.9-0.9-1.0-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 430612451561565538434348443439485
Sales YoY Gr.-42.3%-26.3%24.3%0.8%-4.8%-19.3%-19.9%27.3%-0.9%-
Adj EPS 0.80.41.91.91.60.80.61.5-0.24.24.4
YoY Gr.--44%340.5%3.8%-15.6%-49.4%-24.4%141.9%-113.3%NA-
BVPS (₹) 105105.1106.296.697.696.29598.4102.8104.8109.7
Adj Net
Profit
31.77.37.66.43.32.45.9-0.816.417
Cash Flow from Ops. -6.1-10.70.6-11.5-10.96.3-3725.11.210.6-
Debt/CF from Ops. -11.9-4.574.3-5.7-4.910.4-0.91.226.14.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.2%-4.9%0.4%-0.9%
Adj EPS 20.9%20.7%88.5%NA
BVPS-0%1.4%3.3%2%
Share Price 15.8% 15.9% 57.2% 83.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.70.41.81.91.70.90.71.6-0.244.1
Op. Profit
Mgn %
-0.40.5-00.90.71.123.43.83.43.4
Net Profit
Mgn %
0.70.31.61.41.10.60.61.7-0.23.73.6
Debt to
Equity
0.20.10.10.20.10.20.10.10.10.1-
Working Cap
Days
34122228620218019523226520822385
Cash Conv.
Cycle
10862867681841051339910458

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.10%

Net Profit is growing at healthy rate in last 3 years 88.46%

Sales growth has been subdued in last 3 years 0.35%

Sales growth is not so good in last 4 quarters at 9.74%

Latest Financials - Sicagen India Ltd.

Standalone Consolidated
TTM EPS (₹) 4.4 4.7
TTM Sales (₹ Cr.) 485 802
BVPS (₹.) 109.7 116.5
Reserves (₹ Cr.) 395 422
P/BV 0.52 0.49
PE 13.03 12.12
From the Market
52 Week Low / High (₹) 29.00 / 79.49
All Time Low / High (₹) 2.81 / 200.00
Market Cap (₹ Cr.) 225
Equity (₹ Cr.) 39.6
Face Value (₹) 10
Industry PE 75

Management X-Ray of Sicagen India:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Sicagen India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales430612451561565538434348443439
Operating Expenses 432609451556561534426336426424
Manufacturing Costs3233433223
Material Costs396561411511512488390308394389
Employee Cost 16221919211919161516
Other Costs 17231922252314111516
Operating Profit -2305448121715
Operating Profit Margin (%) -0.4%0.5%-0.1%0.9%0.7%0.8%1.9%3.4%3.8%3.4%
Other Income 2814151012108567
Interest 6766776444
Depreciation 3432225566
Exceptional Items -6-2000000-89
Profit Before Tax 114687558520
Tax 01-10133243
Profit After Tax 113786226117
PAT Margin (%) 2.5%0.5%1.6%1.3%1.1%0.4%0.5%1.7%0.2%3.9%
Adjusted EPS (₹)2.70.81.81.91.60.60.51.50.34.3
Dividend Payout Ratio (%)29%78%33%32%37%72%93%41%98%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 416416420382386381376389407415
Share Capital 40404040404040404040
Reserves 376376381343346341336350367375
Minority Interest0000000000
Debt72484566536532303148
Long Term Debt121100000000
Short Term Debt60374566536532303148
Trade Payables4425234458512591810
Others Liabilities 60484335353433363935
Total Liabilities 591537531527532531465465495506

Fixed Assets

Gross Block62596082853851545754
Accumulated Depreciation2628302359141920
Net Fixed Assets36313080823341403734
CWIP 0000000000
Investments 135135135160146149146154170170
Inventories68505057535349393866
Trade Receivables848083115132124104989679
Cash Equivalents 25151117156212282125
Others Assets24322622397105109113106134133
Total Assets 591537531527532531465465495506

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -6-111-12-116-3725111
PBT 176687558520
Adjustment -12-2-7-1-367613-10
Changes in Working Capital -13-141-18-141-4814-143
Tax Paid 20000-5-2-2-3-2
Cash Flow From Investing Activity 191152220040-176-3
Capex 125-222-442-4-22-3
Net Investments 000025-4142-180-5
Others 7770-1-13335
Cash Flow From Financing Activity -18-11-10-9-9-8-11-7-9-8
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -5-1-20000000
Interest Paid -9-6-5-6-6-6-5-3-3-4
Dividend Paid -5-4-2-3-3-3-2-2-2-1
Others 000002-4-2-4-3
Net Cash Flow -5-10-420-1-81-20
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.640.731.721.871.670.570.561.530.254.17
ROCE (%)3.392.232.523.013.142.772.62.92.045.4
Asset Turnover Ratio0.721.090.851.071.071.010.870.750.920.88
PAT to CFO Conversion(x)-0.55-3.670.14-1.5-1.833-18.54.1710.65
Working Capital Days
Receivable Days774865647987961068073
Inventory Days68354035363643463243
Payable Days39222124374136201313

Sicagen India Ltd Stock News

Sicagen India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sicagen India on 18-Mar-2024 16:59 is ₹57.48.
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 18-Mar-2024 16:59 the market cap of Sicagen India stood at ₹225.4.
The latest P/E ratio of Sicagen India as of 18-Mar-2024 16:59 is 13.03.
The latest P/B ratio of Sicagen India as of 18-Mar-2024 16:59 is 0.52.
The 52-week high of Sicagen India is ₹79.49 and the 52-week low is ₹29.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sicagen India is ₹485.0 ( Cr.) .

About Sicagen India Ltd

Sicagen India is country's leading provider of trading and marketing services for construction-related industrial and retail infrastructure.

Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, received the order from the Hon'ble High Court of Madras, sanctioning the de-merger of its non logistics businesses into a wholly owned subsidiary, Sicagen India Limited, with effect from 1 October 2006.

The approval marked the successful completion of the de-merger process which was initiated by Sical in the beginning of 2007. The de-merger was an important step in the company’s restructuring efforts and will enable dedicated focus on its core business of bulk, container and offshore logistics.

As per the scheme sanctioned by the High Court, all the shareholders of Sical were allotted one equity share in Sicagen at a premium of Rs.74.50 per share, credited as fully paid up for every one share held in Sical. The entire paid up capital of Sicagen is currently held by Sical and its nominees.

As a result of the de-merger, Sicagen consists of trading and service undertakings and coffee plantations. The trading companies consist of building materials and vehicle sales while the services undertakings will consist of travel related services, ship building and repairs, governor services and windmill generation. The assets and liabilities of the said undertakings was transferred to Sicagen, at the values appearing on the books of Sical as of 30 September '06. The transfer included all movable and immovable assets, liabilities, including all intellectual property rights, books, records and requisite documents pertaining to the business of the company.

Business area of the company:

  • Building materials trading- Sicagen's core business is trading of building materials such as steel tubes, MS/GI pipes, boiler tubes, seamless tubes, rectangular/square hollow sections, TMT steel rebars, PVC pipes, electrical cables, steel fittings and cement. Sicagen is the authorized distributor for Tata Steel, Jindal Pipes, SAIL, Finolex Cables, Supreme Industries, Maharashtra Seamless and ACC Cements, and Tata Steel's consignment agent at Aurangabad, Ernakulam, Hosur and Pune.
  • Vehicle sales- Sicagen is the leading dealer of commercial vehicles for Tata Motors in India's Tamil Nadu state. Governor Services- Goodwill Governor Services is India's only authorized service center for woodward, makers of the world's finest governors.
  • Boat Building- Goodwill Engineering Works, a Sicagen division, builds passenger and cargo vessels, boats, tugs and barges.
  • Speciality eco-chemicals - Sicagen’s speciality eco-chemicals division provides water treatment and process improvement solutions for the petrochemical, fertilizer, refinery, power, pharmaceuticals, agro and pesticides industries.

Prominent customers:-

  • ABB
  • Ashok Leyland
  • Atlas Copco
  • Blue Star
  • Cipla
  • Dalmia Cement
  • Deccan Cements
  • Dr Reddy's Laboratories
  • Greaves Cotton
  • Heritage Foods
  • Hetero Drugs
  • Hindalco
  • Hindustan Unilever
  • The India Cements
  • Lakshmi Card Clothing
  • Lakshmi Machine Works
  • Malabar Cements
  • Manali Petrochemicals
  • Matrix Laboratories
  • Micro Labs
  • Naandi Foundation
  • Nagarjuna Construction
  • Nicholas Piramal
  • Orchid Chemicals and Pharmaceuticals
  • Sathavahana Ispat
  • Srichakra Cements
  • Sundaram-Clayton
  • Voltas
  • Venky's India
  • Wipro Consumer Products

Achievements/ recognition

  • It has won Tata Steel's Star Project Distributor award for 2005-06 and 2006-07.
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