Sika Interplant Systems Ltd

NSE: SIKA BSE: 523606

Sika Interplant Systems Ltd is an engineering driven company focused on providing products, systems and services to Aerospace, Defence & Space and Automotive sectors in India.[1]

₹887

52W: ₹755 — ₹1625

PE 51.5 · Book ₹73.6 · +1105% vs book

Market Cap₹1,880 Cr

Stock P/E51.5Price to Earnings

ROCE35.2%Return on Capital

ROE26%Return on Equity

Div. Yield0.27%Face Value ₹2

Strengths

+Company is almost debt free.
+Company is expected to give good quarter
+Company has delivered good profit growth of 25.6% CAGR over last 5 years
+Company has been maintaining a healthy dividend payout of 20.6%
+Debtor days have improved from 45.8 to 18.3 days.
+Company's working capital requirements have reduced from 23.4 days to 12.6 days

Weaknesses

−Stock is trading at 12.1 times its book value

Shareholding Pattern

Promoters71.72%

FIIs3.21%

DIIs0.04%

Public25.04%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	71.72%	71.72%	71.72%	71.72%	71.72%	71.72%	71.72%	71.72%
FIIs	2.77%	2.77%	2.77%	3.11%▲0.3	3.11%	3.14%▲0.0	3.14%	3.21%▲0.1
DIIs	0%	0%	0%	0%	0.01%▲0.0	0.01%	0.04%▲0.0	0.04%
Public	25.5%	25.51%▲0.0	25.51%	25.15%▼0.4	25.15%	25.13%▼0.0	25.1%▼0.0	25.04%▼0.1

Financial Statements

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	26	37.16	30.42	33.24	37.98	43.92	68.01	51.58	50.31	41.33
Expenses	20.62	30.52	24.27	26.36	30.13	35.3	55.5	40.94	38.72	30.89
Operating Profit	5.38	6.64	6.15	6.88	7.85	8.62	12.51	10.64	11.59	10.44
OPM %	20.69%	17.87%	20.22%	20.7%	20.67%	19.63%	18.39%	20.63%	23.04%	25.26%
Net Profit	4.76	6.1	5.29	6.02	6.63	8.22	10.38	8.78	9.5	7.88
EPS ₹	2.25	2.88	2.5	2.84	3.13	3.88	4.9	4.14	4.48	3.72

AI Insights

Revenue Trend

Mar 2026 revenue at ₹211Cr, up 44.5% YoY. OPM at 21%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 0.04% (+0.04pp change). FIIs: 3.21% (+1.63pp change). Promoters hold 71.72%.

Margin & Efficiency

ROCE improving from 6% (Mar 2015) to 35% (Mar 2026). Working capital days: 13.

Valuation

PE 51.5x with 35.2% ROCE. Price is 1105% above book value of ₹73.6. Dividend yield: 0.27%.