Signet Industries Ltd.

•

groupsignet.comBSE: 512131NSE: SIGIND

Market Cap₹ 209 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	2936.00	53.39	397452.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	998.00	27.21	45304.36	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	AEGISLOG	1270.55	35.64	44596.31	0.68	544.84	210.70	2356.86	37.07	19.76	30.28
4.	CPPLUS	3705.90	91.86	43840.96	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	371.40	17.07	29035.10	1.62	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.75	61.67	15347.59	0.64	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	74.20	100.87	11327.02	0.20	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	826.10	83.74	10411.77	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	64.18	21.52	9627.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1827.20	63.41	7952.54	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	342.50	24.69	7724.69	0.44	73.40	-8.99	526.72	-0.43	17.15	18.80
12.	SIGIND	70.93	8.88	208.80	0.70	8.05	1066.81	306.03	17.92	13.73	9.14

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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	25	21	24	27	11
OPM %	6.32%	7.37%	7.99%	6.16%	5.66%	8.07%	7.30%	8.40%	9.54%	7.00%	6.24%	6.97%	3.44%
	0	1	1	3	1	0	0	0	-5	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
Profit before Tax	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
	0.96	1.03	1.71	1.04	0.04	0.97	1.41	2.39	0.11	1.05	1.63	2.20	2.61

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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	67	63	70	71	67	63	62	69	84	88	84
OPM %	8.42%	6.93%	7.73%	7.29%	7.61%	7.56%	7.04%	6.83%	6.93%	7.46%	5.99%
	3	4	4	2	2	3	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
Profit before Tax	23	23	26	22	17	12	12	19	23	22	34
Tax %	24.73%	20.65%	28.16%	37.66%	31.17%	-19.31%	29.54%	31.77%	32.99%	29.72%	30.46%
Net Profit	17	18	18	14	12	14	8	13	15	16	24
EPS	0.40	0.63	6.15	4.54	3.88	4.61	2.68	4.31	5.25	5.31	—
Dividend Payout %	8.56%	8.00%	7.97%	10.72%	12.48%	10.55%	17.85%	11.27%	9.52%	9.41%	—

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:: 13%
1 Year:: 23%

RETURN ON EQUITY

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	29	29	29	29	29	29	29	29	29	29
	76	109	126	137	147	159	166	177	191	205
	194	207	245	211	244	295	307	309	312	374
Trade Payables	173	204	186	251	205	219	190	181	184	196
	63	38	29	26	29	27	25	32	52	44
Total Liabilities	534	588	616	655	654	729	718	729	768	847
	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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	32	17	31	94	17	11	36	57	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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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

2026-09-05

Record Date

2026-09-05 - Signet Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026.

2026-09-05

Outcome of Board Meeting

2026-09-05 - Signet Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on September 05, 2026.

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