Sicagen India Ltd Stock Analysis

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

BSE Share Price 09-Jun-2023 18:01
47.73 -0.54 (-1.12%)

DeciZen - Make an Informed Decision on Sicagen India

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Sicagen India Price Chart

P/E Ratio ( SA) :
11.03
Market Cap :
188.9 Cr.
52-wk low :
24.7
52-wk high :
56.8
Bole Toh?

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.4%1.5%1.4%2.4%2.6%2.5%1.9%1.6%2.1%0.4%-
Value Creation Index -0.7-0.9-0.9-0.8-0.8-0.8-0.9-0.9-0.9-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 884430612451561565538434348443439
YoY Gr. Rt. %--51.4%42.3%-26.3%24.3%0.8%-4.8%-19.3%-19.9%27.3%-
Adj EPS 3.70.80.41.91.91.60.80.61.5-0.24.3
YoY Gr. Rt. %--79.5%-44%340.5%3.8%-15.6%-49.4%-24.4%141.9%-113.3%-
BVPS (₹) 103.2105105.1106.296.697.696.29598.4102.8104.8
Adj Net Profit 14.531.77.37.66.43.32.45.9-0.817
Cash Flow from Ops. 14.1-6.1-10.70.6-11.5-10.96.3-3725.11.2-
Debt/CF from Ops. 7.3-11.9-4.574.3-5.7-4.910.4-0.91.226.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.4%-4.6%-6.3%27.3%
Adj EPS -172.4%-163.6%-162.5%-113.3%
BVPS -0.11.22.24.4
Share Price 13.1% 5.8% 48.9% 79.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.60.70.41.81.91.70.90.71.6-0.24.2
Op. Profit Mgn % 3.1-0.40.5-00.90.71.123.43.83.4
Net Profit Mgn % 1.60.70.31.61.41.10.60.61.7-0.23.9
Debt to Equity 0.30.20.10.10.20.10.20.10.10.10
Working Cap Days 170341222286202180195232265208157
Cash Conv. Cycle 58108628676818410513399107

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.20%

Sales growth has been subdued in last 3 years -6.29%

Net Profit has been subdued in last 3 years -162.48%

Sales growth is not so good in last 4 quarters at 0.94%

Latest Financials - Sicagen India Ltd.

Standalone Consolidated
TTM EPS (₹) 4.3 4.5
TTM Sales (₹ Cr.) 439 895
BVPS (₹.) 104.8 111.1
Reserves (₹ Cr.) 375 400
P/BV 0.46 0.43
PE 11.03 10.55
From the Market
52 Week Low / High (₹) 24.65 / 56.80
All Time Low / High (₹) 2.81 / 200.00
Market Cap (₹ Cr.) 189
Equity (₹ Cr.) 39.6
Face Value (₹) 10
Industry PE 61.6

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 (%)

News

Sicagen India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sicagen India on 09-Jun-2023 18:01 is : 47.73.
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 09-Jun-2023 18:01 the market cap of Sicagen India stood at ₹ 188.9.
The latest PE ratio of Sicagen India as of 09-Jun-2023 18:01 is 11.03.
The latest PB ratio of Sicagen India as of 09-Jun-2023 18:01 is 0.46
The 52-week high of Sicagen India is ₹ 56.80 and the 52-week low is ₹ 24.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Sicagen India is ₹ 438.7 ( 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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