Is Siddhika Coatings Ltd (SIDDHIKA) a good quality company?

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

Is Siddhika Coatings Ltd (SIDDHIKA) 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 Overvalued zone .

What is Siddhika Coatings Ltd (SIDDHIKA) share price return in the past 10 years?

Data is not available for this company

Is Siddhika Coatings Ltd (SIDDHIKA) a good buy now?

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

What is the share price of Siddhika Coatings Ltd (SIDDHIKA)?

Company share prices are keep on changing according to the market conditions. The current trading price of Siddhika Coatings Ltd (SIDDHIKA) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the market cap of Siddhika Coatings Ltd (SIDDHIKA)?

Market capitalization 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 at 05:30, the market cap of Siddhika Coatings stood at Rs. 133.47 Cr.

What is the P/E ratio of Siddhika Coatings?

The latest standalone P/E ratio of Siddhika Coatings as of 01-Jan-1970 is 16.62.

What is the P/B ratio of Siddhika Coatings Ltd (SIDDHIKA)?

The latest standalone P/B ratio of Siddhika Coatings Ltd (SIDDHIKA) as of 01-Jan-1970 is 3.69.

What is the 52-week high and low of Siddhika Coatings Ltd (SIDDHIKA)?

The 52-week high of Siddhika Coatings Ltd (SIDDHIKA) is Rs. 0.00 and the 52-week low is Rs. 0.00.

What is the TTM revenue of Siddhika Coatings Ltd (SIDDHIKA)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Siddhika Coatings is Rs. 48.02 (Cr.).

Siddhika Coatings Ltd (SIDDHIKA) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Siddhika Coatings Ltd (SIDDHIKA)
Brand: Siddhika Coatings

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	30.6%	36.3%	25.1%	7.4%	10%	19.1%	23.3%	32.5%	-
Value Creation Index ⓘ	1.2	1.6	0.8	-0.5	-0.3	0.4	0.7	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	21.4	31.1	29.5	16.6	20.4	32.2	36.8	48	48
Sales YoY Gr.	-	45.5%	-5.3%	-43.8%	23%	58%	14.3%	30.4%	-
Adj EPS ⓘ	5.5	7.3	6.1	1.9	2.5	5.5	6.8	12.3	13
YoY Gr.	-	34.1%	-17.2%	-68.8%	32.3%	119.2%	24.8%	79.8%	-
BVPS (₹) ⓘ	24.4	30.9	36	38	37.1	41.6	47.3	58.6	58.6
Adj Net Profit ⓘ	2.5	3.3	2.8	0.9	1.5	3.4	4.2	7.6	8
Cash Flow from Ops. ⓘ	0.8	1.4	3	0.4	3.6	4.9	3.9	4.2	-
Debt/CF from Ops. ⓘ	0.3	0.2	0.1	0.9	0.1	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	10.2%	33.1%	30.4%
Adj EPS ⓘ	NA	15.2%	70.1%	79.8%
BVPSⓘ	NA	10.2%	16.5%	24%
Share Price	-	30.6%	8.3%	16.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	22.4	26.5	18.1	5.1	7.7	14	15.4	23.2	22.2
Op. Profit Mgn % ⓘ	16	14.5	12.8	7.4	8.9	13.5	15.9	19.9	NAN
Net Profit Mgn % ⓘ	11.6	10.7	9.3	5.2	7.6	10.5	11.5	15.8	16.7
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	0	135	168	281	200	130	136	123	0
Cash Conv. Cycle ⓘ	0	70	95	168	117	79	82	54	0

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.20%

Sales growth is growing at healthy rate in last 3 years 33.05%

Net Profit is growing at healthy rate in last 3 years 70.08%

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

	Standalone	Consolidated
TTM EPS (₹)	13	13.8
TTM Sales (₹ Cr.)	48	50.3
BVPS (₹) ⓘ	58.6	62.5
Reserves (₹ Cr.) ⓘ	30	32
P/BV ⓘ	3.69	3.45
PE ⓘ	16.62	15.63

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	133
Equity (₹ Cr.)	6.2
Face Value (₹)	10
Industry PE ⓘ	25.8

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	21	31	29	17	20	32	37	48
Operating Expenses ⓘ +	18	27	26	15	19	28	31	38
Manufacturing Costs	5	7	6	4	5	5	8	12
Material Costs	5	10	9	5	6	12	12	13
Employee Cost	3	3	5	4	4	5	6	7
Other Costs ⓘ	5	6	6	3	4	5	4	6
Operating Profit ⓘ	3	5	4	1	2	4	6	10
Operating Profit Margin (%)	16.0%	14.5%	12.8%	7.4%	8.9%	13.5%	15.9%	19.9%
Other Income ⓘ +	0	0	0	0	0	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	0	0	0
Depreciation ⓘ	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	3	5	4	1	2	5	6	11
Tax ⓘ	1	1	1	0	0	1	2	3
Profit After Tax	2	3	3	1	2	4	4	8
PAT Margin (%)	11.6%	10.7%	9.7%	5.4%	7.9%	10.9%	12.1%	16.7%
Adjusted EPS (₹)	5.5	7.4	6.3	2.0	2.6	5.7	7.2	13.0
Dividend Payout Ratio (%)	11%	10%	16%	50%	46%	26%	23%	25%

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	11	14	16	17	23	26	29	36
Share Capital ⓘ	0	0	2	2	3	3	3	6
Reserves ⓘ	11	14	14	15	20	23	26	30
Debt +	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0
Trade Payables	1	0	0	0	0	0	1	1
Others Liabilities ⓘ	3	5	5	3	3	7	9	8
Total Liabilities ⓘ	15	20	22	21	27	33	39	45
Fixed Assets
Net Fixed Assets ⓘ +	0	1	1	0	1	1	1	1
Gross Block	1	1	1	2	2	2	2	2
Accumulated Depreciation	1	1	1	1	1	1	1	1
CWIP ⓘ	0	0	0	0	0	0	0	0
Investments ⓘ	3	3	4	6	8	11	16	21
Inventories	1	3	3	3	3	5	3	3
Trade Receivables	4	5	5	5	3	4	7	4
Cash Equivalents	2	3	4	2	8	9	7	6
Others Assets ⓘ	4	5	6	4	4	4	6	11
Total Assets ⓘ	15	20	22	21	27	33	39	45

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1	1	3	0	4	5	4	4
PBT ⓘ	3	5	4	1	2	5	6	11
Adjustment ⓘ	0	0	0	0	-0	-0	-0	-1
Changes in Working Capital ⓘ	-2	-2	0	-1	2	2	-0	-3
Tax Paid ⓘ	-1	-1	-1	-0	-1	-1	-2	-2
Cash Flow From Investing Activity ⓘ +	-0	-0	-1	-2	-2	-3	-5	-4
Capex	-0	-0	-1	0	-0	-0	-0	-1
Net Investments	0	0	-0	-3	-2	-3	-5	-4
Others ⓘ	0	0	0	0	0	0	0	1
Cash Flow From Financing Activity ⓘ +	-0	-0	-1	-0	4	-1	-1	-1
Net Proceeds from Shares ⓘ	0	0	0	0	5	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	-0	-0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-0	-0	-1	0	-1	-1	-1	-1
Others ⓘ	0	0	0	-0	-0	-0	-0	-0
Net Cash Flow ⓘ	0	1	1	-2	6	1	-2	-1

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	22.39	26.69	18.92	5.38	8.05	14.51	16.19	24.56
ROCE (%)	30.6	36.26	25.05	7.42	10	19.13	23.3	32.52
Asset Turnover Ratio	1.45	1.81	1.42	0.78	0.86	1.08	1.03	1.15
PAT to CFO Conversion(x)	0.5	0.33	1	0	2	1.25	1	0.5
Working Capital Days
Receivable Days	61	52	65	109	70	43	55	39
Inventory Days	25	26	34	62	52	41	35	21
Payable Days	47	19	10	8	11	11	16	16

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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Siddhika Coatings Ltd (SIDDHIKA) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating