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Sicagen India Ltd Stock Analysis

Small Cap
Evaluated by 321 users | BSE: 533014 | NSE: SICAGEN |
Trading
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 4.42%4.56%4.41%1.45%1.36%2.43%2.61%2.53%1.88%1.56%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 791940884430612451561565538434
Y-o-Y Gr. Rt.-18.8%-5.9%-51.4%42.3%-26.3%24.3%0.8%-4.8%-19.3%
Adjusted EPS (Rs.) 3.873.943.660.750.421.851.921.620.820.62
Y-o-Y Gr. Rt.-1.8%-7.1%-79.5%-44%340.5%3.8%-15.6%-49.4%-24.4%
Book Value per Share (Rs.) 97.26101.02103.22105.04105.08106.1896.697.5696.2295.01
Adjusted Net Profit 15.315.614.531.77.37.66.43.32.4
Net Op. Cash Flow (Rs. Cr.) -0.671.614.1-6.1-10.70.6-11.5-10.96.3-37
Debt to Cash Flow from Ops -102.591.297.3-11.91-4.5174.33-5.72-4.8810.41-0.86
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sicagen India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -6.5%-6.6%-8.2%-19.3%
Adjusted EPS -18.4%8.1%-31.4%-24.4%
Book Value per Share -0.3-2-0.6-1.3
Share Price 3.3% 5.8% -12.6% 75.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 4.083.973.580.720.41.751.91.670.850.65
Operating Profit Margin (%) 2.442.983.12-0.40.48-0.020.920.71.051.98
Net Profit Margin (%) 1.931.661.640.690.271.621.361.140.60.56
Debt to Equity 0.160.230.250.170.120.110.170.140.170.09
Working Capital Days 190162170341222286202180195232
Cash Conversion Cycle 3845581086286768184105
Entity Percentage Holding
Promoters 39.85%
Institutions 12.94%
Non-Institutions 47.20%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sicagen India Ltd's performance infers:

Sicagen India Ltd earnings have grown by 8.1%, whereas share price has appreciated 5.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sicagen India Ltd share prices over the last 10 years. Here is what we found out:

Sicagen India Ltd share price has appreciated -1.4% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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