Sikko Industries Ltd.

•

₹ 5.332.5%

2026-08-21

sikkoindia.inBSE: -NSE: SIKKO

Market Cap₹ 230 Cr.

Current Price₹ 5

High / Low₹ 7 / 3

Stock P/E38.0

Book Value₹ 2

Price to Book2.00

Dividend Yield0.00 %

ROCE10.8 %

ROE7.8 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2021 • Pesticides: 92.6% • Seeds: 3.8% • Fertilizers: 3.6%

PROS

Company is almost debt free
Latest quarter profit grew 43.5% YoY, showing strong momentum
Company comfortably covers its interest (16.1x coverage)
Institutional investors have been accumulating - FII+DII up 2.7pp

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -16.5pp
Working capital days have increased from 144 to 365 days

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

Peer comparison

EDIT COLUMNS

ChemicalsChemicalsPesticides & Agrochemicals

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	UPL	568.70	23.77	48007.91	1.05	-73.00	58.52	10181.00	10.47	12.00	13.43
2.	PIIND	2496.00	32.51	37868.84	0.60	244.20	-38.95	1702.30	-10.43	16.00	21.69
3.	SUMICHEM	553.65	47.69	27635.20	0.23	214.51	20.45	1063.35	0.62	23.39	21.94
4.	BAYERCROP	4068.40	329.99	18284.24	3.69	321.60	15.39	1835.00	-4.16	30.08	20.03
5.	SHARDACROP	771.80	11.12	6963.22	1.94	88.02	-38.36	1073.77	9.03	31.10	17.32
6.	DHANUKA	995.20	14.94	4436.43	0.20	75.50	27.94	442.02	20.01	24.44	24.83
7.	RALLIS	211.90	25.10	4120.80	1.42	-14.15	-274.26	507.54	7.70	13.23	-0.56
8.	NACLIND	174.00	329.49	4075.83	0.00	20.84	59.82	383.33	-14.50	6.20	10.80
9.	BHAGCHEM	290.25	136.75	3763.65	0.05	133.29	3249.84	1950.19	1475.55	4.55	15.65
10.	GSPCROP	595.35	28.29	2769.49	0.17	263.94	1111.46	3859.95	1153.27	20.81	11.02
11.	BHARATRAS	1279.90	14.85	2127.33	0.04	372.30	838.73	3381.60	796.03	16.63	15.19
12.	SIKKO	5.27	38.04	230.19	0.00	31.26	1334.60	176.90	877.35	10.79	25.79

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	14	14	16	15	0	19	18	19	17	11	177
	11	16	13	12	0	20	15	15	14	14	136
Operating Profit	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	3	0	0	0	1	0	0	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0	2
Depreciation	0	0	0	0	0	0	0	0	0	0	2
	2	1	2	3	0	-1	3	4	3	-3	42
Tax %	28.42%	53.90%	24.57%	25.27%	—	4.35%	27.81%	22.76%	27.02%	38.65%	25.15%
Net Profit	0	0	0	0	13	-1	2	3	2	-2	31
	1	0	1	1	0	-0	1	1	0	-0	0
Equity Capital	17	17	17	17	0	22	22	22	44	44	437
Reserves	0	11	0	0	0	60	0	0	0	43	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%
Equity Capital	17	17	17	17	0	22	22	22	44	44	437
Reserves	0	11	0	0	0	60	0	0	0	43	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%

Dec 2023

: 14
: 11
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 28.42%
Net Profit: 0
: 1
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 14
: 16
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 0
Depreciation: 0
: 1
Tax %: 53.90%
Net Profit: 0
: 0
Equity Capital: 17
Reserves: 11
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 11
Promoter Pledge %: 0.00%

Jun 2024

: 16
: 13
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 24.57%
Net Profit: 0
: 1
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 15
: 12
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 25.27%
Net Profit: 0
: 1
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: —
Net Profit: 13
: 0
Equity Capital: 0
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 0
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 19
: 20
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 0
: -1
Tax %: 4.35%
Net Profit: -1
: -0
Equity Capital: 22
Reserves: 60
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 60
Promoter Pledge %: 0.00%

Jun 2025

: 18
: 15
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 27.81%
Net Profit: 2
: 1
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 19
: 15
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 4
Tax %: 22.76%
Net Profit: 3
: 1
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 17
: 14
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 0
: 3
Tax %: 27.02%
Net Profit: 2
: 0
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 11
: 14
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 0
: -3
Tax %: 38.65%
Net Profit: -2
: -0
Equity Capital: 44
Reserves: 43
Promoter Pledge %: 0.00%
Equity Capital: 44
Reserves: 43
Promoter Pledge %: 0.00%

Jun 2026

: 177
: 136
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 2
: 42
Tax %: 25.15%
Net Profit: 31
: 0
Equity Capital: 437
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 437
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	61	62	224
	57	55	180
Operating Profit	8	7	—
OPM %	12	12	—
Other Income	3	1	2
Interest	1	0	3
Depreciation	1	1	3
	6	6	45
Tax %	33	29	24
Net Profit	4	4	34
EPS	2	2	—
Dividend Payout %	0	0	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	0	0	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	0	0	—

Mar 2024

: 61
: 57
Operating Profit: 8
OPM %: 12
Other Income: 3
Interest: 1
Depreciation: 1
: 6
Tax %: 33
Net Profit: 4
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2025

: 62
: 55
Operating Profit: 7
OPM %: 12
Other Income: 1
Interest: 0
Depreciation: 1
: 6
Tax %: 29
Net Profit: 4
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

TTM

: 224
: 180
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 3
Depreciation: 3
: 45
Tax %: 24
Net Profit: 34
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 40%
3 Years:: 23%
1 Year:: 46%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
LIABILITIES	-	-
Equity Capital	17	22
	11	60
	4	3
Trade Payables	7	9
	13	15
Total Liabilities	52	108
ASSETS	-	-
	4	13
	1	8
	11	13
	23	32
	12	42
Total Assets	52	108
Total Debt	6	4
Net Working Capital	24	62
Contingent Liabilities	0	0
Book Value per Share	16.59	37.26
Face Value	10.00	10.00
Total Debt	6	4
Net Working Capital	24	62
Contingent Liabilities	0	0
Book Value per Share	16.59	37.26
Face Value	10.00	10.00

Mar 2024

Equity Capital: 17
: 11
: 4
Trade Payables: 7
: 13
Total Liabilities: 52
: 4
: 1
: 11
: 23
: 12
Total Assets: 52
Total Debt: 6
Net Working Capital: 24
Contingent Liabilities: 0
Book Value per Share: 16.59
Face Value: 10.00
Total Debt: 6
Net Working Capital: 24
Contingent Liabilities: 0
Book Value per Share: 16.59
Face Value: 10.00

Mar 2025

Equity Capital: 22
: 60
: 3
Trade Payables: 9
: 15
Total Liabilities: 108
: 13
: 8
: 13
: 32
: 42
Total Assets: 108
Total Debt: 4
Net Working Capital: 62
Contingent Liabilities: 0
Book Value per Share: 37.26
Face Value: 10.00
Total Debt: 4
Net Working Capital: 62
Contingent Liabilities: 0
Book Value per Share: 37.26
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	2	-35
Cash from Investing	1	-16
Cash from Financing	-3	51
	-0	0
Free Cash Flow	2	-44
OCF / Net Profit	0.52	-8.15
Cumulative 5-Year FCF	0	0
OCF / Net Profit	0.52	-8.15
Cumulative 5-Year FCF	0	0

Mar 2024

: 2
Cash from Investing: 1
Cash from Financing: -3
: -0
Free Cash Flow: 2
OCF / Net Profit: 0.52
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.52
Cumulative 5-Year FCF: 0

Mar 2025

: -35
Cash from Investing: -16
Cash from Financing: 51
: 0
Free Cash Flow: -44
OCF / Net Profit: -8.15
Cumulative 5-Year FCF: 0
OCF / Net Profit: -8.15
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
PER SHARE	-	-
EPS (₹)	2.42	1.95
Book Value (₹)	16.59	37.26
Dividend per Share (₹)	0.00	0.00
Cash EPS (₹)	0.14	0.11
PROFITABILITY	-	-
Operating Margin %	6.76%	10.31%
Net Margin %	6.63%	6.91%
ROE %	14.58%	7.81%
ROCE %	20.28%	10.79%
	7.86%	5.34%
EFFICIENCY	-	-
Debtor Days	138	163
Inventory Days	67	72
Payable Days	54	71
	151	164
FINANCIAL HEALTH	-	-
Debt to Equity (x)	0.21x	0.05x
Interest Coverage (x)	8.68x	16.12x
	2.10x	3.44x
GROWTH	-	-
Revenue Growth %	0.00%	0.75%
Operating Profit Growth %	0.00%	-5.87%
Net Profit Growth %	0.00%	4.98%
	0.00%	-19.25%
VALUATION	-	-
P/E (x)	1.38x	1.91x
P/B (x)	4.03x	2.00x
Dividend Yield %	0.00%	0.00%
	15.79x	23.44x

Mar 2024

EPS (₹): 2.42
Book Value (₹): 16.59
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.14
Operating Margin %: 6.76%
Net Margin %: 6.63%
ROE %: 14.58%
ROCE %: 20.28%
: 7.86%
Debtor Days: 138
Inventory Days: 67
Payable Days: 54
: 151
Debt to Equity (x): 0.21x
Interest Coverage (x): 8.68x
: 2.10x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 1.38x
P/B (x): 4.03x
Dividend Yield %: 0.00%
: 15.79x

Mar 2025

EPS (₹): 1.95
Book Value (₹): 37.26
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.11
Operating Margin %: 10.31%
Net Margin %: 6.91%
ROE %: 7.81%
ROCE %: 10.79%
: 5.34%
Debtor Days: 163
Inventory Days: 72
Payable Days: 71
: 164
Debt to Equity (x): 0.05x
Interest Coverage (x): 16.12x
: 3.44x
Revenue Growth %: 0.75%
Operating Profit Growth %: -5.87%
Net Profit Growth %: 4.98%
: -19.25%
P/E (x): 1.91x
P/B (x): 2.00x
Dividend Yield %: 0.00%
: 23.44x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.46	71.45	71.45	54.96	54.96	54.96	54.96	54.96	54.96
	0.00	0.79	0.74	4.76	5.04	5.01	8.01	8.01	7.72
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
	28.54	27.76	27.81	40.27	39.99	40.03	37.02	37.02	37.32

Jun 2024

: 71.46
: 0.00
DIIs: 0.00
Government: 0.00
: 28.54

Sep 2024

: 71.45
: 0.79
DIIs: 0.00
Government: 0.00
: 27.76

Dec 2024

: 71.45
: 0.74
DIIs: 0.00
Government: 0.00
: 27.81

Mar 2025

: 54.96
: 4.76
DIIs: 0.00
Government: 0.00
: 40.27

Jun 2025

: 54.96
: 5.04
DIIs: 0.00
Government: 0.00
: 39.99

Sep 2025

: 54.96
: 5.01
DIIs: 0.00
Government: 0.00
: 40.03

Dec 2025

: 54.96
: 8.01
DIIs: 0.00
Government: 0.00
: 37.02

Mar 2026

: 54.96
: 8.01
DIIs: 0.00
Government: 0.00
: 37.02

Jun 2026

: 54.96
: 7.72
DIIs: 0.00
Government: 0.00
: 37.32

Documents

Announcements

Change in Director(s)
2026-08-12 - Sikko Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
Change in Management
2026-08-12 - Sikko Industries Limited has informed the Exchange about change in Management

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.