Signet Industries Ltd.

•

groupsignet.comBSE: 512131NSE: SIGIND

Market Cap₹ 210 Cr.

Current Price

High / Low₹ 75 / 41

Stock P/E8.9

Book Value₹ 87

Price to Book0.58

Dividend Yield0.70 %

ROCE13.7 %

ROE6.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Merchant Trading: 60.2% • Manufacturing: 39.5% • Unallocable: 0.2%

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

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.19x)
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.4
Company has a consistent dividend-paying track record

CONS

Company has a high debt-to-equity of 1.66x
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 6.9% over last 3 years
Interest coverage is weak at 1.4x - earnings barely cover interest
Company has delivered a poor profit growth of 5.8% over past five years
Company has delivered a poor sales growth of 6.0% over past five years

* 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	2894.80	52.64	391875.62	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	999.50	27.25	45372.45	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	CPPLUS	3715.75	92.10	43957.48	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	AEGISLOG	1242.80	34.86	43622.28	0.70	544.84	210.70	2356.86	37.07	19.76	30.28
5.	REDINGTON	363.00	16.68	28378.41	1.65	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.45	61.63	15337.81	0.64	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	70.95	96.45	10830.89	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	825.65	83.70	10406.10	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	62.14	20.84	9321.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1799.70	62.46	7832.85	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	346.70	24.48	7658.08	0.43	73.40	-8.99	526.72	-0.43	17.15	18.80
12.	SIGIND	71.50	8.95	210.47	0.70	8.05	1066.81	306.03	17.92	13.73	9.14

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
	289	269	311	344	253	258	304	365	260	307	390	391	306
	271	249	286	323	238	237	282	334	235	285	366	363	296
Operating Profit	18	20	25	21	14	21	22	31	15	21	24	27	28
OPM %	6.31%	7.37%	7.99%	6.16%	5.66%	8.07%	7.30%	8.40%	5.70%	7.00%	6.23%	6.97%	9.14%
Other Income	0	1	1	3	1	0	0	0	0	0	0	1	1
Interest	12	14	16	15	12	14	14	18	17	15	15	15	15
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	3
	4	5	7	7	1	4	6	11	1	5	7	11	11
Tax %	24.88%	28.30%	26.53%	48.50%	40.24%	27.48%	27.33%	31.26%	36.70%	27.86%	27.26%	35.86%	28.45%
Net Profit	3	3	5	3	0	3	5	7	1	3	5	7	8
	1	1	2	1	0	1	1	2	0	1	2	2	0
Equity Capital	29	29	29	29	29	29	29	29	29	29	29	29	29
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	794	912	904	976	883	827	877	1,018	1,213	1,179	1,393
	727	849	834	905	816	764	816	948	1,129	1,091	1,310
Operating Profit	70	68	73	73	69	64	63	72	89	90	—
OPM %	9	7	8	8	8	8	7	7	7	8	—
Other Income	3	4	4	2	2	2	1	3	5	2	3
Interest	40	38	41	44	44	46	43	44	56	59	61
Depreciation	7	7	7	7	8	8	9	9	10	9	9
	23	23	26	22	17	12	12	19	23	22	34
Tax %	25	21	28	38	31	-19	30	32	33	30	30
Net Profit	17	18	18	14	12	14	8	13	15	16	24
EPS	0	1	6	5	4	5	3	4	5	5	—
Dividend Payout %	9	8	8	11	12	11	18	11	10	9	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	6	6	6	5	4	5	3	4	5	5	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 6%
3 Years:: 10%

COMPOUNDED PROFIT GROWTH

10 Years:: 3%
5 Years:: 6%
3 Years:: 24%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 8%
3 Years:: 14%
1 Year:: 23%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 7%
3 Years:: 7%
Last Year:: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
	29	29	29	29	29	29	29	29	29	29
	76	109	126	137	147	159	166	177	191	205
	140	163	205	176	202	221	227	244	264	338
Trade Payables	173	204	186	251	205	219	190	181	184	196
	117	82	69	60	70	101	106	97	100	80
Total Liabilities	534	588	616	655	654	729	718	729	768	847
ASSETS	-	-	-	-	-	-	-	-	-	-
	77	72	79	82	77	81	79	82	79	72
Capital Work in Progress	0	4	1	0	0	2	5	1	0	0
	0	0	0	0	0	0	0	1	1	6
	103	128	165	197	192	222	252	265	274	211
	0	0	0	0	0	0	0	0	345	430
Cash & Bank	34	28	32	30	19	21	14	15	17	19
	319	356	338	346	366	403	368	365	53	110
Total Assets	534	588	616	655	654	729	718	729	768	847
Total Debt	194	207	245	211	244	295	307	309	335	388
Net Working Capital	98	106	113	118	134	170	183	175	182	185
Contingent Liabilities	22	22	14	6	6	6	6	8	6	5
Book Value per Share	3.59	4.72	5.28	56.67	59.92	64.07	66.29	70.14	74.76	79.48
Face Value	1.00	1.00	1.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	28	15	20	84	12	7	34	51	30	16
Cash from Investing	4	-5	-9	-9	9	-13	-9	-6	0	-7
Cash from Financing	-35	-22	-7	-80	-13	3	-32	-44	-32	-8
	-3	-11	4	-5	7	-3	-7	1	-1	1
Free Cash Flow	26	15	9	75	9	-5	24	43	24	14
OCF / Net Profit	1.62	0.82	1.08	6.13	0.98	0.50	4.07	3.88	1.97	1.01
Cumulative 5-Year FCF	0	0	0	0	134	104	112	147	95	100

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	0.58	0.63	0.63	4.66	4.01	4.74	2.80	4.43	5.25	5.31
Book Value (₹)	3.59	4.72	5.28	56.67	59.92	64.07	66.29	70.14	74.76	79.48
Dividend per Share (₹)	0.05	0.05	0.05	0.50	0.50	0.50	0.50	0.50	0.50	0.50
Cash EPS (₹)	8.21	8.49	8.52	7.14	6.68	7.43	5.73	7.52	8.56	8.49
PROFITABILITY
Operating Margin %	8.64%	7.23%	8.08%	7.52%	7.86%	7.78%	7.20%	7.10%	6.93%	7.46%
Net Margin %	2.15%	1.97%	2.03%	1.41%	1.34%	1.69%	0.94%	1.28%	1.27%	1.33%
ROE %	18.12%	15.10%	12.56%	8.52%	6.87%	7.64%	4.30%	6.50%	7.25%	6.89%
ROCE %	21.17%	18.62%	17.90%	16.99%	15.43%	12.85%	11.06%	12.42%	14.86%	13.73%
	3.30%	3.28%	3.07%	2.16%	1.80%	2.02%	1.14%	1.80%	2.07%	1.94%
EFFICIENCY
Debtor Days	111	112	120	109	123	139	133	110	97	120
Inventory Days	50	45	59	68	80	91	99	93	81	75
Payable Days	98	86	92	96	114	112	102	80	66	70
	63	71	87	81	89	118	130	122	113	125
FINANCIAL HEALTH
Debt to Equity (x)	1.67x	1.49x	1.58x	1.26x	1.38x	1.56x	1.57x	1.50x	1.52x	1.66x
Interest Coverage (x)	1.58x	1.61x	1.63x	1.50x	1.39x	1.25x	1.27x	1.43x	1.41x	1.38x
	1.28x	1.27x	1.28x	1.27x	1.32x	1.37x	1.42x	1.39x	1.37x	1.32x
GROWTH
Revenue Growth %	20.92%	14.97%	-0.95%	7.99%	-9.54%	-6.32%	6.08%	16.01%	19.20%	-2.80%
Operating Profit Growth %	9.38%	-3.22%	8.46%	-0.04%	-5.36%	-7.31%	-1.90%	14.51%	23.54%	0.98%
Net Profit Growth %	48.75%	5.72%	0.37%	-25.68%	-14.11%	18.28%	-40.89%	58.34%	18.38%	1.22%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.38%	1.22%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	11.76x	8.75x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.83x	0.58x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.81%	1.08%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.61x	5.61x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.57	72.78	72.78	72.78	72.78	72.90	72.90	73.30	73.41
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.43	27.22	27.22	27.22	27.22	27.10	27.10	26.70	26.59

Documents

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

2026-09-01

Updates

2026-09-01 - Signet Industries Limited has informed the Exchange regarding 'Financial results for the quarter ended 30.06.2026 in Machine readable format'.

2026-08-24

Copy of Newspaper Publication

2026-08-24 - Signet Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Updates

2026-08-12 - Signet Industries Limited has informed the Exchange regarding 'Signet Industries Limited Posts Turnaround Quarter with EBITDA Growth of 42% YoY '.

2026-08-12

Integrated Filing- Financial

2026-08-12 - Outcome and financial results

2026-08-12

Outcome of Board Meeting

2026-08-12 - Signet Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-16

Credit Rating- Revision

2026-07-16 - Signet Industries Limited has informed the Exchange about Credit Rating- Revision

2026-07-07

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-07 - Signet Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-01

Trading Window

2026-07-01 - Signet Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-06-05

Disclosure under SEBI Takeover Regulations

2026-06-05 - Mukesh Sangla has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

News

Recent coverage and analyst commentary for SIGIND

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Name

ADANIENT

2894.80

52.64

391875.62

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

PREMIERENE

999.50

27.25

45372.45

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

CPPLUS

3715.75

92.10

43957.48

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

AEGISLOG

1242.80

34.86

43622.28

0.70

544.84

210.70

2356.86

37.07

19.76

30.28

REDINGTON

363.00

16.68

28378.41

1.65

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.45

61.63

15337.81

0.64

90.45

118.87

755.95

27.00

8.99

14.58

LLOYDSENT

70.95

96.45

10830.89

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

825.65

83.70

10406.10

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

62.14

20.84

9321.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1799.70

62.46

7832.85

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

CELLO

346.70

24.48

7658.08

0.43

73.40

-8.99

526.72

-0.43

17.15

18.80

SIGIND

71.50

8.95

210.47

0.70

8.05

1066.81

306.03

17.92

13.73

9.14

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

289

269

311

344

253

258

304

365

260

307

390

391

306

271

249

286

323

238

237

282

334

235

285

366

363

296

Operating Profit

OPM %

6.31%

7.37%

7.99%

6.16%

5.66%

8.07%

7.30%

8.40%

5.70%

7.00%

6.23%

6.97%

9.14%

Other Income

Interest

Depreciation

Tax %

24.88%

28.30%

26.53%

48.50%

40.24%

27.48%

27.33%

31.26%

36.70%

27.86%

27.26%

35.86%

28.45%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

794

912

904

976

883

827

877

1,018

1,213

1,179

1,393

727

849

834

905

816

764

816

948

1,129

1,091

1,310

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

Tax %

-19

Net Profit

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

109

126

137

147

159

166

177

191

205

140

163

205

176

202

221

227

244

264

338

Trade Payables

173

204

186

251

205

219

190

181

184

196

117

101

106

100

Total Liabilities

534

588

616

655

654

729

718

729

768

847

ASSETS

Capital Work in Progress

103

128

165

197

192

222

252

265

274

211

345

430

Cash & Bank

319

356

338

346

366

403

368

365

110

Total Assets

534

588

616

655

654

729

718

729

768

847

Total Debt

194

207

245

211

244

295

307

309

335

388

Net Working Capital

106

113

118

134

170

183

175

182

185

Contingent Liabilities

Book Value per Share

3.59

4.72

5.28

56.67

59.92

64.07

66.29

70.14

74.76

79.48

Face Value

1.00

10.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Cash from Investing

-5

-9

-13

-9

-6

-7

Cash from Financing

-35

-22

-7

-80

-13

-32

-44

-32

-8

-3

-11

-5

-3

-7

-1

Free Cash Flow

-5

OCF / Net Profit

1.62

0.82

1.08

6.13

0.98

0.50

4.07

3.88

1.97

1.01

Cumulative 5-Year FCF

134

104

112

147

100

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

0.58

0.63

4.66

4.01

4.74

2.80

4.43

5.25

5.31

Book Value (₹)

3.59

4.72

5.28

56.67

59.92

64.07

66.29

70.14

74.76

79.48

Dividend per Share (₹)

0.05

0.50

Cash EPS (₹)

8.21

8.49

8.52

7.14

6.68

7.43

5.73

7.52

8.56

8.49

PROFITABILITY

Operating Margin %

8.64%

7.23%

8.08%

7.52%

7.86%

7.78%

7.20%

7.10%

6.93%

7.46%

Net Margin %

2.15%

1.97%

2.03%

1.41%

1.34%

1.69%

0.94%

1.28%

1.27%

1.33%

ROE %

18.12%

15.10%

12.56%

8.52%

6.87%

7.64%

4.30%

6.50%

7.25%

6.89%

ROCE %

21.17%

18.62%

17.90%

16.99%

15.43%

12.85%

11.06%

12.42%

14.86%

13.73%

3.30%

3.28%

3.07%

2.16%

1.80%

2.02%

1.14%

1.80%

2.07%

1.94%

EFFICIENCY

Debtor Days

111

112

120

109

123

139

133

110

120

Inventory Days

Payable Days

114

112

102

118

130

122

113

125

FINANCIAL HEALTH

Debt to Equity (x)

1.67x

1.49x

1.58x

1.26x

1.38x

1.56x

1.57x

1.50x

1.52x

1.66x

Interest Coverage (x)

1.58x

1.61x

1.63x

1.50x

1.39x

1.25x

1.27x

1.43x

1.41x

1.38x

1.28x

1.27x

1.28x

1.27x

1.32x

1.37x

1.42x

1.39x

1.37x

1.32x

GROWTH

Revenue Growth %

20.92%

14.97%

-0.95%

7.99%

-9.54%

-6.32%

6.08%

16.01%

19.20%

-2.80%

Operating Profit Growth %

9.38%

-3.22%

8.46%

-0.04%

-5.36%

-7.31%

-1.90%

14.51%

23.54%

0.98%

Net Profit Growth %

48.75%

5.72%

0.37%

-25.68%

-14.11%

18.28%

-40.89%

58.34%

18.38%

1.22%

0.00%

18.38%

1.22%

VALUATION

P/E (x)

0.00x

11.76x

8.75x

P/B (x)

0.00x

0.83x

0.58x

Dividend Yield %

0.00%

0.81%

1.08%

0.00x

5.61x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.57

72.78

72.90

73.30

73.41

FIIs

0.00

DIIs

0.00

Government

0.00

27.43

27.22

27.10

26.70

26.59

Signet Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

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Signet Industries 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