Sicagen India Ltd.

•

sicagen.comBSE: 533014NSE: SICAGEN

Market Cap₹ 231 Cr.

Current Price

High / Low₹ 74 / 47

Stock P/E15.7

Book Value₹ 108

Price to Book0.40

Dividend Yield1.71 %

ROCE4.8 %

ROE3.0 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Trading-Building Materials and Vehicles: 90.5% • Manufacturing: 9.5%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Promoters have been increasing their shareholding - up 5.7pp over 2 years
Latest quarter profit grew 49.3% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.90x)
Company has been maintaining a healthy dividend payout of 30.7%
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (45.7% of PBT)
Company has a low return on capital employed of 4.7%
Company has a low return on equity of 2.8% over last 3 years
Recurring exceptional / one-off items are inflating headline profit
Growth is decelerating - 3Y profit CAGR (-9.0%) trails the 5Y trend (17.1%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	2886.00	52.48	390684.34	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	1002.00	27.32	45485.94	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	AEGISLOG	1286.15	36.08	45143.87	0.68	544.84	210.70	2356.86	37.07	19.76	30.28
4.	CPPLUS	3748.55	92.91	44345.51	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	372.40	17.12	29113.28	1.61	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	477.45	62.55	15566.03	0.63	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	71.95	97.81	10983.54	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	814.50	82.57	10265.57	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	62.28	20.88	9342.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1847.60	64.12	8041.32	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	343.50	24.77	7747.24	0.44	73.40	-8.99	526.72	-0.43	17.15	18.80
12.	SICAGEN	58.50	11.31	231.49	1.71	6.93	52.64	285.96	39.81	6.06	4.34

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	113	116	131	116	153	127	123	136	122	125	134	140	133
	107	113	128	112	146	123	119	130	115	121	129	135	127
Operating Profit	6	3	3	4	7	5	4	6	6	4	6	5	6
OPM %	5.51%	2.47%	2.54%	3.52%	4.53%	3.69%	3.23%	4.52%	5.12%	3.33%	4.28%	3.45%	4.39%
	1	1	2	1	1	3	3	2	2	2	3	2	2
Interest	1	1	1	1	1	2	1	2	2	1	1	1	2
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	5	2	3	3	6	5	4	5	5	3	6	4	7
Tax %	25.41%	40.57%	31.71%	16.48%	25.45%	30.85%	27.17%	26.44%	27.90%	29.64%	28.80%	14.86%	26.64%
Net Profit	4	1	2	2	4	3	3	4	4	2	4	3	5
	0.93	0.26	0.50	0.55	1.04	0.87	0.83	0.94	0.93	0.55	0.99	0.80	1.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	561	565	538	434	348	443	439	477	539	520	532
	556	561	534	426	336	426	424	460	517	499	511
Operating Profit	5	4	4	8	12	17	15	17	22	21	21
OPM %	0.90%	0.70%	0.77%	1.88%	3.37%	3.76%	3.41%	3.47%	4.03%	4.02%	3.87%
	10	12	10	8	5	-2	16	6	9	8	7
Interest	6	7	7	6	4	4	4	5	6	6	6
Depreciation	2	2	2	5	5	6	6	5	5	5	5
Profit before Tax	8	7	5	5	8	5	20	12	20	17	20
Tax %	1.19%	8.94%	56.55%	58.51%	29.65%	79.39%	13.67%	27.16%	27.42%	25.72%	25.51%
Net Profit	8	6	2	2	6	1	17	9	15	13	15
EPS	0.00	0.00	0.00	0.00	1.48	0.26	4.33	2.24	3.67	3.26	—
Dividend Payout %	31.66%	36.98%	72.27%	93.33%	40.52%	97.96%	13.87%	26.83%	27.23%	30.65%	—

COMPOUNDED SALES GROWTH

10 Years:: 1%
5 Years:: 8%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: 6%
5 Years:: 17%
3 Years:: -9%

STOCK PRICE CAGR

10 Years:: 11%
5 Years:: 19%
3 Years:: 34%
1 Year:: 139%

RETURN ON EQUITY

10 Years:: 2%
5 Years:: 3%
3 Years:: 3%
Last Year:: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	40	40	40	40	40	40	40	40	40	40
	343	346	341	336	350	367	375	384	400	381
	66	53	65	36	33	34	50	47	62	62
Trade Payables	44	58	51	25	9	18	10	10	14	23
	35	35	34	29	33	36	32	44	45	46
Total Liabilities	527	532	531	465	465	495	506	524	560	552
	80	82	33	41	40	37	34	36	36	38
Capital Work in Progress	0	0	0	0	0	0	0	1	0	0
	160	146	149	146	154	170	170	175	180	180
	57	53	53	49	39	38	66	65	61	63
	0	0	0	0	0	0	0	82	98	103
Cash & Bank	17	15	62	12	28	21	24	40	60	58
	212	236	234	217	204	230	212	126	125	109
Total Assets	527	532	531	465	465	495	506	524	560	552

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-11	-10	11	-36	27	4	13	28	24	17
Cash from Investing	22	20	0	40	-17	6	-3	-11	-13	-5
Cash from Financing	-9	-9	-8	-11	-7	-9	-8	-16	-11	-13
	2	-0	-1	-8	1	-2	-0	0	0	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	1.90	1.62	0.55	0.54	1.48	0.26	4.33	2.24	3.67	3.26
Book Value (₹)	96.60	97.56	96.22	95.01	98.42	102.75	104.76	106.96	111.06	106.37
Dividend per Share (₹)	0.60	0.60	0.40	0.50	0.60	0.25	0.60	0.60	1.00	1.00
Cash EPS (₹)	2.30	2.06	1.01	1.70	2.66	1.83	5.89	3.50	5.03	4.60
PROFITABILITY
Operating Margin %	2.72%	2.77%	2.61%	3.62%	4.78%	5.17%	4.95%	3.47%	4.03%	4.02%
Net Margin %	1.33%	1.13%	0.41%	0.49%	1.68%	0.23%	3.90%	1.86%	2.70%	2.48%
ROE %	1.87%	1.67%	0.57%	0.56%	1.53%	0.25%	4.17%	2.11%	3.37%	3.00%
ROCE %	3.01%	3.14%	2.77%	2.60%	2.90%	2.04%	5.40%	3.80%	5.37%	4.78%
	1.42%	1.21%	0.41%	0.43%	1.26%	0.21%	3.42%	1.72%	2.68%	2.32%
EFFICIENCY
Debtor Days	64	79	87	96	106	80	73	62	61	71
Inventory Days	35	36	36	43	46	32	43	50	42	43
Payable Days	24	37	41	36	20	13	13	8	9	15
	75	78	82	103	132	98	103	103	94	99
FINANCIAL HEALTH
Debt to Equity (x)	0.17x	0.14x	0.17x	0.09x	0.08x	0.08x	0.11x	0.10x	0.13x	0.13x
Interest Coverage (x)	2.23x	2.02x	1.70x	1.85x	3.28x	2.27x	5.46x	3.23x	4.45x	3.94x
	1.56x	1.63x	1.89x	2.50x	2.76x	2.67x	2.68x	2.71x	2.57x	2.42x
GROWTH
Revenue Growth %	24.33%	0.78%	-4.80%	-19.27%	-19.89%	27.27%	-0.87%	8.71%	12.94%	-3.42%
Operating Profit Growth %	7.27%	2.08%	-10.27%	11.81%	5.85%	37.50%	-5.07%	4.14%	28.47%	-0.58%
Net Profit Growth %	4.17%	-14.40%	-65.89%	-3.20%	176.42%	-82.76%	1595.05%	-48.31%	64.18%	-11.15%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-48.31%	64.18%	-11.15%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	26.39x	16.76x	13.11x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.55x	0.55x	0.40x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.02%	1.62%	2.34%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.42x	8.26x	5.81x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.46	60.39	60.39	60.39	60.39	61.13	61.13	61.13	61.13
	7.34	2.42	2.42	2.42	2.85	2.42	2.47	2.47	2.47
	0.60	0.60	0.58	0.58	0.58	0.58	0.58	0.58	0.58
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.59	36.59	36.61	36.61	36.17	35.87	35.81	35.81	35.81

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SICAGEN

Loading news…

🤖

AI Stock Analyst

Sicagen India Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

ADANIENT

2886.00

52.48

390684.34

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

PREMIERENE

1002.00

27.32

45485.94

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

AEGISLOG

1286.15

36.08

45143.87

0.68

544.84

210.70

2356.86

37.07

19.76

30.28

CPPLUS

3748.55

92.91

44345.51

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

REDINGTON

372.40

17.12

29113.28

1.61

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

477.45

62.55

15566.03

0.63

90.45

118.87

755.95

27.00

8.99

14.58

LLOYDSENT

71.95

97.81

10983.54

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

814.50

82.57

10265.57

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

62.28

20.88

9342.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1847.60

64.12

8041.32

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

CELLO

343.50

24.77

7747.24

0.44

73.40

-8.99

526.72

-0.43

17.15

18.80

SICAGEN

58.50

11.31

231.49

1.71

6.93

52.64

285.96

39.81

6.06

4.34

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

113

116

131

116

153

127

123

136

122

125

134

140

133

107

113

128

112

146

123

119

130

115

121

129

135

127

Operating Profit

OPM %

5.51%

2.47%

2.54%

3.52%

4.53%

3.69%

3.23%

4.52%

5.12%

3.33%

4.28%

3.45%

4.39%

Interest

Depreciation

Profit before Tax

Tax %

25.41%

40.57%

31.71%

16.48%

25.45%

30.85%

27.17%

26.44%

27.90%

29.64%

28.80%

14.86%

26.64%

Net Profit

0.93

0.26

0.50

0.55

1.04

0.87

0.83

0.94

0.93

0.55

0.99

0.80

1.38

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

561

565

538

434

348

443

439

477

539

520

532

556

561

534

426

336

426

424

460

517

499

511

Operating Profit

OPM %

0.90%

0.70%

0.77%

1.88%

3.37%

3.76%

3.41%

3.47%

4.03%

4.02%

3.87%

-2

Interest

Depreciation

Profit before Tax

Tax %

1.19%

8.94%

56.55%

58.51%

29.65%

79.39%

13.67%

27.16%

27.42%

25.72%

25.51%

Net Profit

EPS

0.00

1.48

0.26

4.33

2.24

3.67

3.26

—

Dividend Payout %

31.66%

36.98%

72.27%

93.33%

40.52%

97.96%

13.87%

26.83%

27.23%

30.65%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

343

346

341

336

350

367

375

384

400

381

Trade Payables

Total Liabilities

527

532

531

465

495

506

524

560

552

Capital Work in Progress

160

146

149

146

154

170

175

180

103

Cash & Bank

212

236

234

217

204

230

212

126

125

109

Total Assets

527

532

531

465

495

506

524

560

552

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-11

-10

-36

Cash from Investing

-17

-3

-11

-13

-5

Cash from Financing

-9

-8

-11

-7

-9

-8

-16

-11

-13

-0

-1

-8

-2

-0

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

1.90

1.62

0.55

0.54

1.48

0.26

4.33

2.24

3.67

3.26

Book Value (₹)

96.60

97.56

96.22

95.01

98.42

102.75

104.76

106.96

111.06

106.37

Dividend per Share (₹)

0.60

0.40

0.50

0.60

0.25

0.60

1.00

Cash EPS (₹)

2.30

2.06

1.01

1.70

2.66

1.83

5.89

3.50

5.03

4.60

PROFITABILITY

Operating Margin %

2.72%

2.77%

2.61%

3.62%

4.78%

5.17%

4.95%

3.47%

4.03%

4.02%

Net Margin %

1.33%

1.13%

0.41%

0.49%

1.68%

0.23%

3.90%

1.86%

2.70%

2.48%

ROE %

1.87%

1.67%

0.57%

0.56%

1.53%

0.25%

4.17%

2.11%

3.37%

3.00%

ROCE %

3.01%

3.14%

2.77%

2.60%

2.90%

2.04%

5.40%

3.80%

5.37%

4.78%

1.42%

1.21%

0.41%

0.43%

1.26%

0.21%

3.42%

1.72%

2.68%

2.32%

EFFICIENCY

Debtor Days

106

Inventory Days

Payable Days

103

132

103

FINANCIAL HEALTH

Debt to Equity (x)

0.17x

0.14x

0.17x

0.09x

0.08x

0.11x

0.10x

0.13x

Interest Coverage (x)

2.23x

2.02x

1.70x

1.85x

3.28x

2.27x

5.46x

3.23x

4.45x

3.94x

1.56x

1.63x

1.89x

2.50x

2.76x

2.67x

2.68x

2.71x

2.57x

2.42x

GROWTH

Revenue Growth %

24.33%

0.78%

-4.80%

-19.27%

-19.89%

27.27%

-0.87%

8.71%

12.94%

-3.42%

Operating Profit Growth %

7.27%

2.08%

-10.27%

11.81%

5.85%

37.50%

-5.07%

4.14%

28.47%

-0.58%

Net Profit Growth %

4.17%

-14.40%

-65.89%

-3.20%

176.42%

-82.76%

1595.05%

-48.31%

64.18%

-11.15%

0.00%

-48.31%

64.18%

-11.15%

VALUATION

P/E (x)

0.00x

26.39x

16.76x

13.11x

P/B (x)

0.00x

0.55x

0.40x

Dividend Yield %

0.00%

1.02%

1.62%

2.34%

0.00x

10.42x

8.26x

5.81x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

55.46

60.39

61.13

7.34

2.42

2.85

2.42

2.47

0.60

0.58

Government

0.00

36.59

36.61

36.17

35.87

35.81

Sicagen India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sicagen India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI