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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
₹126 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹16
TTM Sales
₹54.9 Cr.
Book Value per Share
₹71.3
P/E Ratio
12.80
Lower than its 5-year historical median
Industry PE
36.9
Price to Book (P/B)
2.87
Higher than its 5-year historical median
Price to Sales (P/S)
2.30
In line with its 5-year historical median
EV/EBITDA
8.81
Lower than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
24.58%
Outperforms industry median
Return on Capital Employed (ROCE)
32.42%
Outperforms industry median
Return on Assets (ROA)
19.58%
Operating Profit Margin
21.9%
Net Profit Margin
17.96%
Gross Profit Margin
24.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
14.33%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
25.81%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
22.79%
Asset Quality
Promoter Holding
63.09%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹38 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

Weak
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'25Mar'26TTM
ROCE % 30.6%36.3%25.1%7.4%10%19.1%23.3%32.5%32.4%-
Value Creation
Index
1.21.60.8-0.5-0.30.40.71.31.3-

Growth Parameters

Sales 21.431.129.516.620.432.236.84854.955
Sales YoY Gr.-45.5%-5.3%-43.8%23%58%14.3%30.4%14.3%-
Adj EPS 5.57.36.11.92.55.56.812.315.716
YoY Gr.-34.1%-17.2%-68.8%32.3%119.2%24.8%79.8%27.3%-
BVPS (₹) 24.430.9363837.141.647.358.671.371.3
Adj Net
Profit
2.53.32.80.91.53.44.27.69.710
Cash Flow from Ops. 0.81.430.43.64.93.94.29.3-
Debt/CF from Ops. 0.30.20.10.90.10000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA27.1%19.5%14.3%
Adj EPS NA52.6%41.9%27.3%
BVPSNA13.4%19.7%21.6%
Share Price - 23.4% 1.7% 9.3%

Key Financial Parameters

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
22.426.518.15.17.71415.423.224.122.4
Op. Profit
Mgn %
1614.512.87.48.913.515.919.921.9NAN
Net Profit
Mgn %
11.610.79.35.27.610.511.515.817.618
Debt to
Equity
000000000-
Working Cap
Days
01351682812001301361231240
Cash Conv.
Cycle
07095168117798254480

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales213129172032374855
Operating Expenses + 182726151928313843
Manufacturing Costs57645681213
Material Costs51095612121315
Employee Cost 335445678
Other Costs 566245466
Operating Profit 35412461012
Operating Profit Margin (%) 16.0%14.5%12.8%7.4%8.9%13.5%15.9%19.9%21.9%
Other Income + 000001111
Exceptional Items 000000000
Interest 000000000
Depreciation 000000000
Profit Before Tax 35412561113
Tax 111001233
Profit After Tax 2331244810
PAT Margin (%) 11.6%10.7%9.7%5.4%7.9%10.9%12.1%16.7%18.0%
Adjusted EPS (₹)5.57.46.32.02.65.77.213.016.0
Dividend Payout Ratio (%)11.40%10.20%15.80%50.30%46%26.30%23%25.40%25.10%

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'25Mar'26

Equity and Liabilities

Shareholders Fund + 111416172326293644
Share Capital 002233366
Reserves 111414152023263038
Debt +000000000
Long Term Debt000000000
Short Term Debt000000000
Minority Interest000000000
Trade Payables100000111
Others Liabilities 3553379810
Total Liabilities 152022212733394556

Fixed Assets

Net Fixed Assets +011011111
Gross Block111222223
Accumulated Depreciation111111112
CWIP 000000000
Investments 3346811162126
Inventories133335334
Trade Receivables455534746
Cash Equivalents 234289769
Others Assets 45644461110
Total Assets 152022212733394556

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 113045449
PBT 35412561113
Adjustment 0000-0-0-0-1-1
Changes in Working Capital -2-20-122-0-30
Tax Paid -1-1-1-0-1-1-2-2-3
Cash Flow From Investing Activity + -0-0-1-2-2-3-5-4-4
Capex -0-0-10-0-0-0-1-1
Net Investments 00-0-3-2-3-5-4-4
Others 000000011
Cash Flow From Financing Activity + -0-0-1-04-1-1-1-2
Net Proceeds from Shares 000050000
Net Proceeds from Borrowing 0000-0-0000
Interest Paid 000-00-0-0-0-0
Dividend Paid -0-0-10-1-1-1-1-2
Others 0000-00000
Net Cash Flow 011-261-2-13

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)22.3926.6918.925.388.0514.5116.1924.5624.58
ROCE (%)30.636.2625.057.421019.1323.332.5232.42
Asset Turnover Ratio1.451.811.420.780.861.081.031.151.09
PAT to CFO Conversion(x)0.50.331021.2510.50.9
Working Capital Days
Receivable Days60.8051.6065.20108.6069.5043.1054.603933.10
Inventory Days25.3025.6034.106251.5041.1035.2020.9022.60
Payable Days46.6019.5010.108.401110.9016.301621.60

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 ₹126.3 Cr

The latest P/E ratio of Siddhika Coatings as of 31-Dec-1969 is 12.80.

The latest P/B ratio of Siddhika Coatings as of 31-Dec-1969 is 2.87.

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 Weak which suggest that the price of Siddhika Coatings Ltd is likely to Fall 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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