Is Sigachi Industries a good quality company?

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

Is Sigachi Industries undervalued or overvalued?

The key valuation ratios of Sigachi Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Sigachi Industries share price return in the past 10 years?

Data is not available for this company

Is Sigachi Industries a good buy now?

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

Sigachi Industries Ltd - Stock Valuation and Financial Performance

Name: Sigachi Industries
Brand: Sigachi Industries

BSE: 543389 | NSE: SIGACHI | Chemicals | Small Cap

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Sigachi Industries Share Price

₹51.02 -1.31 -2.50%
as on 24-Dec'24 16:59

10 Year X-Ray of Sigachi Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

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	TTM
ROCE % ⓘ	25.2%	45.5%	33.5%	36.3%	26.6%	19.6%	15%	-
Value Creation Index ⓘ	0.8	2.3	1.4	1.6	0.9	0.4	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	102	128	139	188	249	290	318	350
Sales YoY Gr.	-	25.5%	8.5%	35.4%	32.7%	16.4%	9.4%	-
Adj EPS ⓘ	0.3	0.8	0.9	1.3	1.2	1.3	1.2	1.6
YoY Gr.	-	171%	1.2%	48.2%	-5.6%	6.7%	-5.5%	-
BVPS (₹) ⓘ	1.2	2	2.9	4.1	7.4	8.6	10.7	13.5
Adj Net Profit ⓘ	7.2	19.4	19.6	29	36.7	39.2	39.3	53
Cash Flow from Ops. ⓘ	6.8	14.5	11.9	27.9	5.4	27.7	15.1	-
Debt/CF from Ops. ⓘ	4.2	1.6	2.4	0.7	6.5	1.5	7.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	19.9%	19.1%	9.4%
Adj EPS ⓘ	NA	7.4%	-1.6%	-5.5%
BVPSⓘ	NA	39.7%	37.6%	24.2%
Share Price	-	-	8.7%	-0.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	26.3	52.7	34.7	36	22.8	15.9	11.6	13.2
Op. Profit Mgn % ⓘ	12.2	20.8	17.8	19.9	20.2	19.2	18.7	18.6
Net Profit Mgn % ⓘ	7	15.2	14.1	15.5	14.7	13.5	12.4	15.3
Debt to Equity ⓘ	1.1	0.5	0.4	0.2	0.2	0.2	0.3	0.1
Working Cap Days ⓘ	0	143	161	134	166	209	234	124
Cash Conv. Cycle ⓘ	0	89	110	91	91	111	118	59

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.10%

Sales growth is good in last 4 quarters at 17.08%

Return on Equity has declined versus last 3 years average to 13.20%

Net Profit has been subdued in last 3 years -1.61%

Latest Financials - Sigachi Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.6	2
TTM Sales (₹ Cr.)	350	436
BVPS (₹.) ⓘ	13.5	14.2
Reserves (₹ Cr.) ⓘ	415	438
P/BV ⓘ	3.79	3.61
PE ⓘ	31.79	25.74

From the Market
52 Week Low / High (₹)	43.42 / 95.94
All Time Low / High (₹)	22.00 / 95.94
Market Cap (₹ Cr.)	1,701
Equity (₹ Cr.)	33.3
Face Value (₹)	1
Industry PE ⓘ	57.5

Management X-Ray of Sigachi Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

21.70

23.37

* Pledged shares as % of Promoter's holding (%)

Valuation of Sigachi Industries

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Sigachi Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	102	128	139	188	249	290	317
Operating Expenses ⓘ	89	101	114	151	199	235	258
Manufacturing Costs	12	14	15	19	20	25	29
Material Costs	60	66	73	99	123	135	146
Employee Cost	8	10	12	13	15	30	43
Other Costs ⓘ	10	11	14	20	41	45	40
Operating Profit ⓘ	12	26	25	37	50	56	59
Operating Profit Margin (%)	12.2%	20.7%	17.8%	19.9%	20.2%	19.2%	18.7%
Other Income ⓘ	3	4	5	3	3	7	12
Interest ⓘ	4	3	2	1	1	4	7
Depreciation ⓘ	1	2	2	2	3	7	9
Exceptional Items ⓘ	0	0	0	0	0	0	0
Profit Before Tax ⓘ	10	25	25	37	49	52	55
Tax ⓘ	3	6	5	8	11	10	14
Profit After Tax	8	20	20	29	38	42	41
PAT Margin (%)	7.6%	15.4%	14.7%	15.5%	15.2%	14.3%	12.9%
Adjusted EPS (₹)	0.3	0.9	0.9	1.3	1.2	1.4	1.3
Dividend Payout Ratio (%)	4%	2%	4%	3%	8%	7%	8%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	27	47	67	95	227	266	352
Share Capital ⓘ	3	3	8	8	31	31	33
Reserves ⓘ	24	43	59	87	196	235	319
Minority Interest	0	0	0	0	0	0	0
Debt	27	22	27	20	34	40	103
Long Term Debt	3	1	2	2	1	1	27
Short Term Debt	23	20	25	18	33	39	77
Trade Payables	8	8	7	8	10	20	28
Others Liabilities ⓘ	9	14	8	11	13	43	126
Total Liabilities ⓘ	71	91	109	134	284	369	609
Fixed Assets
Gross Block	33	37	42	51	69	144	169
Accumulated Depreciation	7	9	10	13	16	22	30
Net Fixed Assetsⓘ	26	29	32	38	53	122	139
CWIP ⓘ	1	2	3	4	10	35	91
Investmentsⓘ	0	0	0	0	0	2	102
Inventories	14	21	26	15	17	33	31
Trade Receivables	22	25	30	42	72	91	110
Cash Equivalents	2	2	10	18	69	30	49
Others Assetsⓘ	6	11	8	17	64	57	87
Total Assets ⓘ	71	91	109	134	284	369	609

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	7	15	12	28	5	28	15
PBT ⓘ	10	25	25	37	49	52	55
Adjustment ⓘ	4	5	4	3	3	8	7
Changes in Working Capital ⓘ	-5	-11	-13	-6	-36	-20	-38
Tax Paid ⓘ	-3	-5	-5	-7	-11	-11	-9
Cash Flow From Investing Activity ⓘ	-4	-6	-7	-11	-63	-93	-158
Capex	-4	-6	-6	-9	-24	-100	-82
Net Investments	0	0	0	0	0	-2	-87
Others ⓘ	1	0	-1	-2	-39	9	11
Cash Flow From Financing Activityⓘ	-4	-9	3	-9	108	26	163
Net Proceeds from Shares ⓘ	0	0	0	0	96	0	0
Net Proceeds from Borrowing ⓘ	-1	-2	1	0	-1	0	32
Interest Paid ⓘ	-3	-3	-2	-1	-1	-4	-7
Dividend Paid ⓘ	0	0	0	-1	-2	-3	-3
Others ⓘ	0	-3	5	-7	16	34	141
Net Cash Flow ⓘ	-1	0	8	8	51	-39	20

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	28.49	53.4	36.11	36	23.61	16.87	13.28
ROCE (%)	25.19	45.52	33.47	36.34	26.55	19.64	15.02
Asset Turnover Ratio	1.43	1.58	1.39	1.55	1.19	0.89	0.65
PAT to CFO Conversion(x)	0.88	0.75	0.6	0.97	0.13	0.67	0.37
Working Capital Days
Receivable Days	79	67	73	70	84	103	115
Inventory Days	52	51	62	40	23	31	37
Payable Days	50	45	39	28	26	40	59

Sigachi Industries Ltd Stock News

Sigachi Industries Ltd FAQs

What is the share price of Sigachi Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Sigachi Industries on 24-Dec-2024 16:59 is ₹51.02.

What is the market cap of Sigachi Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Dec-2024 16:59 the market cap of Sigachi Industries stood at ₹1,701.3.

What is the P/E ratio of Sigachi Industries?

The latest P/E ratio of Sigachi Industries as of 24-Dec-2024 16:59 is 31.79.

What is the P/B ratio of Sigachi Industries?

The latest P/B ratio of Sigachi Industries as of 24-Dec-2024 16:59 is 3.79.

What is the 52-week high and low of Sigachi Industries?

The 52-week high of Sigachi Industries is ₹95.94 and the 52-week low is ₹43.42.

What is the TTM revenue of Sigachi Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sigachi Industries is ₹349.7 ( Cr.) .

About Sigachi Industries Ltd

Sigachi Industries is engaged in manufacturing microcrystalline cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. The inert non-reactive, free flowing and versatile nature of MCC has varied applications in the pharmaceutical, food, nutraceuticals and the cosmetic industries. It manufactures MCC of various grades ranging from 15 microns to 250 microns. The major grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel. These products are distinguished with the help of different drying techniques employed by the company during the manufacturing process. HiCel is a spray dried product and is considered premium in quality due to the physical properties of the product such as particle size, density, flow, tableting properties, etc. AceCel on the other hand is manufactured through bulk drying process. It also manufactures various grades of this product in combination with various chemicals like colloidal silicon dioxide, carboxy cellulose sodium, mannitol etc. to cater to the growing market of the co-processed excipients.

The company operates three manufacturing units namely, Unit I situated at Hyderabad and two manufacturing units, Unit II and Unit III are situated at Jhagadia and Dahej, respectively located in Gujarat. Unit I manufacture both HiCel and AceCel and caters to the domestic and international customers such as end users, merchants, distributors and exporters. Unit II manufactures AceCel and supplements the sale in the domestic market. Unit III is situated at Special Economic Zone (SEZ) at Dahej and is engaged in the manufacture of HiCel and special grades which is exported to overseas customers and distributors. The company foresees an increase in demand of MCC and to the tap the growing market, it intends to utilize the Net Proceeds of this Issue to enhance the production capacity of MCC by increasing the existing capacity of its Unit II and Unit III and manufacturing of CCS in the Proposed Unit at Kurnool.

Business area of the company

The company is an industry leader in the field of Pharma Excipients, Nutra and food ingredients. The company has rapidly established itself as one of the largest manufacturers of Microcrystalline Cellulose worldwide.

Awards and Accreditations

1993: The company was awarded with the ‘Best Entrepreneur Award’ by the President of India.
1993: The company was awarded with the ‘National Award’ by the Development Commissioner (MSME), Government of India.
1998: The company was awarded with the ‘Best Entrepreneur Award’ by the Government of Andhra Pradesh.
2010: The Company was awarded with the ‘National Award for Outstanding Entrepreneurship’ by the Government of India.
2011: The company was awarded the first prize at the Innovation Award Ceremony for MSME 2011. The award consisted of a cash award of Rs 02 lakh along with a ‘certificate of excellence in innovation’.
2011: The company was awarded with the ‘National Award for Outstanding Entrepreneurship’ by the Government of India.
2013: The company was awarded the title of ‘SME Achievers of 2013’ by Bank of India.
2014: The Company was honored with the ‘Top SME 100 Award 2014’ by Bank of India.
2015: The company was honored with ‘DHL SME ZEE Business Award 2013’.
2018: The company was awarded with the title of ‘Employer of the Year’ by CHRO, Asia.
2018: The company was awarded with the titled of ‘Company of the Year’ by Zee Business at Dare to Dream Awards.
2019: WCO’s Safe Framework of Standards, Indian Customs certified the Company in its Authorised Economic Operator Programme under CIBC circular number 33/2016 dated July 22, 2016.
2020: The company was awarded with the title of ‘Achiever of Silver Star’ in the category of Medium Scale Industries (Manufacturing) in the HR Best Practices 2019 programme organised by the Federation of Telangana Chambers of Commerce and Industry.

Major Events and Milestones

1989: Incorporation of the company as a private company with the name ‘Sigachi Chloro-Chemicals Private Limited’ with the business to manufacture paraffin oil with the focus to cater to the needs of the niche segment of the customers with prime quality of our products.
1990: Since, the Company saw a growth in its business operation, it decided to diversify its business activities to manufacture microcrystalline cellulose, which was also the domain of one of our Directors.
1996: The Company began the in-house manufacture of alpha cellulose, a key raw material required for manufacturing our final product, microcrystalline cellulose.
1998: The Company commenced its export operations by exporting its product, microcrystalline cellulose to Bangkok.
2000: The company started manufacturing premium grade microcrystalline cellulose by successfully commissioning a spray drier and a multi-fuel furnace, which in turn also increased our manufacturing capacity from 720 metric tonnes per annum to 1080 metric tonnes per annum.
2004: The sale from company’s export operations constituted 32% of its total sales during the financial year.
2006: The company’s Research and Developments laboratory received an accreditation from Department of Science and Industrial Research (DSIR) to undertake research and development.
2007: The Company for the first time registered its Drug Master File (“DMF”) under the US FDA enabling it to augment its export operations.
2008: Setting up of a unit for manufacturing microcrystalline cellulose at Jhagadia, Gujarat.
2009: Setting up of 100 % export oriented unit (“EOU”) for manufacturing microcrystalline cellulose in the special economic zone (“SEZ”) at Dahej, Gujarat.
2010: The company commenced the commercial production of microcrystalline cellulose at our manufacturing unit situated at Jhagadia.
2011: The research and development division of our Company innovated a novel filteration process for manufacturing microcrystalline cellulose.
2012: The company commenced the commercial production of microcrystalline cellulose at the manufacturing unit situated at Dahej.
2014: Approval received for the scheme of arrangement executed for merger of SigachiCellulos Private Limited and SigachiPlasticisers Private Limited with Company.
2014: The Company received a certificate of suitability received from European Directorate of Quality Medicines.
2016: The Company received a certificate of registration from TUV India Private Limited certifying that the management system applied by us in its manufacturing unit situated at Jhagadia is as per ISO 9001:2008.
2020: The company received a certificate of registration from TUV NORD CERT GmnH applying management system as per Food Safety System Certification 2000 (Version 4.1) in our manufacturing unit situated at Hyderabad.