Sicagen India Ltd
NSE: SICAGEN BSE: 533014Energy
Incorporated in 2004, Sicagen India is in the business of trading Building materials, Sales & Servicing Power and controls systems, manufacturing of MS barrels and water treatment chemicals[1]
₹52.9
52W: ₹42.1 — ₹79.4
PE 15.9 · Book ₹106 · -50% vs bookMarket Cap₹209 Cr
Stock P/E15.9Price to Earnings
ROCE4.77%Return on Capital
ROE3.05%Return on Equity
Div. Yield1.89%Face Value ₹10
Strengths
- +Stock is trading at 0.47 times its book value
- +Company has been maintaining a healthy dividend payout of 28.2%
Weaknesses
- −The company has delivered a poor sales growth of 8.39% over past five years.
- −Company has a low return on equity of 2.76% over last 3 years.
- −Earnings include an other income of Rs.7.64 Cr.
Shareholding Pattern
Promoters61.13%
FIIs2.47%
DIIs0.58%
Public35.82%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 55.46% | 60.39%▲4.9 | 60.39% | 60.39% | 60.39% | 61.13%▲0.7 | 61.13% | 61.13% |
| FIIs | 7.34% | 2.42%▼4.9 | 2.42% | 2.42% | 2.85%▲0.4 | 2.42%▼0.4 | 2.47%▲0.1 | 2.47% |
| DIIs | 0.6% | 0.6% | 0.58%▼0.0 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Public | 36.59% | 36.58%▼0.0 | 36.61%▲0.0 | 36.61% | 36.18%▼0.4 | 35.88%▼0.3 | 35.81%▼0.1 | 35.82%▲0.0 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 131.46 | 116.31 | 152.55 | 127.32 | 122.73 | 136.09 | 121.57 | 124.68 | 134.33 | 139.69 |
| Expenses | 128.12 | 112.22 | 145.64 | 122.62 | 118.77 | 129.94 | 115.35 | 120.53 | 128.58 | 134.87 |
| Operating Profit | 3.34 | 4.09 | 6.91 | 4.7 | 3.96 | 6.15 | 6.22 | 4.15 | 5.75 | 4.82 |
| OPM % | 2.54% | 3.52% | 4.53% | 3.69% | 3.23% | 4.52% | 5.12% | 3.33% | 4.28% | 3.45% |
| Net Profit | 1.97 | 2.18 | 4.13 | 3.43 | 3.27 | 3.7 | 3.67 | 2.16 | 3.93 | 3.15 |
| EPS ₹ | 0.5 | 0.55 | 1.04 | 0.87 | 0.83 | 0.94 | 0.93 | 0.55 | 0.99 | 0.8 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹520Cr, down 3.5% YoY. OPM at 4%.
Debt Position
Borrowings at ₹64Cr. Debt-to-equity ratio: 0.17x. Healthy balance sheet.
Institutional Flow
DIIs: 0.58% (-0.02pp change). FIIs: 2.47% (-4.87pp change). Promoters hold 61.13%.
Margin & Efficiency
ROCE improving from 2% (Mar 2015) to 5% (Mar 2026). Working capital days: 83.
Valuation
PE 15.9x with 4.77% ROCE. Price is -50% above book value of ₹106. Dividend yield: 1.89%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Resignation of Director 13 May - Board approved FY26 audited results, 10% dividend, and appointed Prasanna Joshi as Whole-Time Director after Varma's resignation.
- Announcement under Regulation 30 (LODR)-Change in Management 13 May - Board approved FY26 audited results, recommended 10% dividend, and named new whole-time director after resignation.
- Announcement under Regulation 30 (LODR)-Change in Directorate 13 May - Approved FY26 audited results, 10% dividend, and appointed Prasanna Joshi as Whole-Time Director after Nandakumar Varma resigned.
- Equity Dividend For The FY 2025-26. 13 May - FY26 audited results approved; 10% dividend recommended; Nandakumar Varma resigned, Prasanna Joshi appointed WTD from 14 May 2026.
- Audited Financial Results For The Quarter & Year Ended 31.03.2026. 13 May - FY26 audited results, 10% dividend recommended; Nandakumar Varma resigned, Prasanna Joshi appointed Whole-time Director.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse