Siddhika Coatings Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SIDDHIKA | Trading | Small Cap

BSE Share Price
Not Listed

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Siddhika Coatings stock performance -

mw4me loader
P/E Ratio (SA):
16.49
Market Cap:
58.1 Cr.
52-wk low:
0
52-wk high:
0

Is Siddhika Coatings Ltd an attractive stock to invest in?

1. Is Siddhika Coatings Ltd a good quality company?

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

2. Is Siddhika Coatings Ltd undervalued or overvalued?

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

3. Is Siddhika Coatings Ltd a good buy now?

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.

10 Year X-Ray of Siddhika Coatings:

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

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 22.2%26.2%18%5.2%7.6%14%-
Value Creation
Index
0.60.90.3-0.6-0.50-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 21.431.129.516.620.432.232
Sales YoY Gr.-45.5%-5.3%-43.8%23%58%-
Adj EPS 10.914.612.13.851111.4
YoY Gr.-33.9%-17.1%-68.8%31.7%119.8%-
BVPS (₹) 48.861.7727674.183.183.1
Adj Net
Profit
2.53.32.80.91.53.44
Cash Flow from Ops. 0.81.430.43.64.9-
Debt/CF from Ops. 0.30.20.10.90.10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA8.5%3%58%
Adj EPS NA0.1%-3.3%119.8%
BVPSNA11.2%4.9%12.2%
Share Price - - 49% 10.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
22.426.518.15.17.71413.7
Op. Profit
Mgn %
1614.512.87.48.913.5NAN
Net Profit
Mgn %
11.610.79.35.27.610.511
Debt to
Equity
000000-
Working Cap
Days
01351682812001300
Cash Conv.
Cycle
07095168117790

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.70%

Sales growth has been subdued in last 3 years 2.98%

Net Profit has been subdued in last 3 years -3.30%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Siddhika Coatings Ltd.

Standalone Consolidated
TTM EPS (₹) 11.4 12.2
TTM Sales (₹ Cr.) 32.2 33.6
BVPS (₹.) 83.1 87.5
Reserves (₹ Cr.) 23 24
P/BV 2.26 2.15
PE 16.49 15.41
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 58.1
Equity (₹ Cr.) 3.1
Face Value (₹) 10
Industry PE 77.6

Management X-Ray of Siddhika Coatings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Siddhika Coatings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales21.4131.1429.4916.5820.3932.21
Operating Expenses 17.9826.6125.7315.3518.5827.86
Manufacturing Costs4.776.815.923.804.555.42
Material Costs5.4610.249.124.906.1012.10
Employee Cost 2.543.294.8644.385.26
Other Costs 5.216.275.842.663.545.08
Operating Profit 3.434.533.761.231.814.35
Operating Profit Margin (%) 16.0%14.5%12.8%7.4%8.9%13.5%
Other Income 0.150.260.270.180.360.51
Interest 0.040.050.050.030.020.06
Depreciation 0.120.140.160.140.140.19
Exceptional Items 000000
Profit Before Tax 3.424.603.831.232.024.62
Tax 0.941.250.970.330.401.09
Profit After Tax 2.483.342.870.901.613.52
PAT Margin (%) 11.6%10.7%9.7%5.4%7.9%10.9%
Adjusted EPS (₹)10.914.812.74.05.211.4
Dividend Payout Ratio (%)11%10%16%50%46%26%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 11.0513.9916.3117.2122.9025.68
Share Capital 0.230.232.272.273.093.09
Reserves 10.8313.7614.0414.9419.8122.59
Minority Interest000000
Debt0.260.330.330.330.280
Long Term Debt000.330.330.280
Short Term Debt0.260.330000
Trade Payables0.700.390.110.110.250.47
Others Liabilities 2.764.975.212.973.446.88
Total Liabilities 14.7719.6721.9520.6126.8733.03

Fixed Assets

Gross Block0.951.301.451.521.861.62
Accumulated Depreciation0.590.730.891.031.180.96
Net Fixed Assets0.360.560.560.490.680.66
CWIP 000000
Investments 3.072.853.826.208.2811.15
Inventories1.492.892.623.012.744.51
Trade Receivables3.575.245.294.583.194.42
Cash Equivalents 1.842.653.952.017.518.62
Others Assets4.455.485.714.334.463.68
Total Assets 14.7719.6721.9520.6126.8733.03

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.771.362.950.373.594.86
PBT 3.424.603.831.232.024.62
Adjustment 0.120.140.080.01-0.15-0.12
Changes in Working Capital -1.82-2.120.01-0.552.251.52
Tax Paid -0.95-1.26-0.97-0.32-0.53-1.17
Cash Flow From Investing Activity -0.06-0.14-1.10-2.30-2.12-2.70
Capex -0.08-0.35-1.120.31-0.20-0.17
Net Investments 0.010.21-0.05-2.70-2.18-2.84
Others 000.080.090.260.30
Cash Flow From Financing Activity -0.34-0.41-0.55-0.024.03-1.05
Net Proceeds from Shares 00004.700
Net Proceeds from Borrowing 0000-0.04-0.28
Interest Paid 000000
Dividend Paid -0.34-0.41-0.550-0.62-0.74
Others 000-0.02-0.01-0.03
Net Cash Flow 0.360.811.31-1.945.501.10
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)22.3926.6918.925.388.0514.51
ROCE (%)30.636.2625.057.421019.13
Asset Turnover Ratio1.451.811.420.780.861.08
PAT to CFO Conversion(x)0.310.411.030.412.231.38
Working Capital Days
Receivable Days6152651097043
Inventory Days252634625241
Payable Days47191081111

Siddhika Coatings Ltd Stock News

Siddhika Coatings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing 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 01-Jan-1970 05:30 the market cap of Siddhika Coatings stood at ₹58.11.
The latest P/E ratio of Siddhika Coatings as of 01-Jan-1970 05:30 is 16.49.
The latest P/B ratio of Siddhika Coatings as of 01-Jan-1970 05:30 is 2.26.
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 ₹32.21 ( Cr.) .

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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