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Sicagen India Limited SICAGEN NSEINFRA

Basic Materials · Steel · India
https://www.sicagen.com

Sicagen India Limited, together with its subsidiaries, engages in the trade and distribution of building materials in India and internationally. The company operates through Trading and Manufacturing segments. It distributes building materials, such as MS/GI pipes, precision tubes, structural tubes, seamless tubes, ERW tubes, rectangular/square hollow sections, TMT steel bars, steel fittings, PVC pipes, UPVC pipes, roofing sheets, electrical cables, paints and construction chemicals, lighting solutions, electrical accessories, switchgears, etc. for dealers, contractors, builders, and corporate buyers. The company also offers power and control systems that provides services, sales, and upgrades governing systems, as well as makes switchgears and customized solutions in automation and control sectors. In addition, it manufactures mild steel drums and barrels that are used for the transport of lubricant oil, hazardous and non-hazardous chemicals, bitumen, and fruit pulp; builds boats, tugs, and barges; and cables for industrial and other critical applications. Further, the company is involved in the provision of water treatment and process improvement solutions for petrochemical, fertilizer, refinery, power, pharmaceutical, agro, and pesticide industries; as well as property development activities. The company was incorporated in 2004 and is based in Chennai, India.

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₹56.38
+131.54% 1Y

Market & Price

Market Cap
₹223.11 Cr
Current Price
₹56.38
High / Low (52W)
₹57.34 / ₹24.35
Beta
0.14

Valuation

Stock P/E
12.34
Industry PE
23.81
Forward P/E
-
PEG Ratio
-
Book Value
₹130.12
Price to Book
0.43
P/S
0.23
EV/EBITDA
7.56
Dividend Yield
-

Profitability & Returns

ROCE
7.38%
ROE
3.69%
ROA
2.44%
Profit Margin
1.86%
Op Margin
2.72%
EPS (Latest Qtr)
₹1.13
EPS (TTM)
₹4.57

Balance Sheet & Liquidity

Debt/Equity
0.32
Quick Ratio
1.56
Current Ratio
2.36
Debt
₹159.02 Cr
Total Assets
₹739.53 Cr
Current Assets
₹529.77 Cr
Working Capital
₹305.07 Cr

Ownership

Promoter Holding
69.28%
Chg in Prom Hold
-
FII / Inst Holding
2.42%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹296.99 Cr
Total Revenue (TTM)
₹973.48 Cr
EBITDA
₹39.30 Cr
Free Cash Flow
₹-1.60 Cr
Operating Cash Flow
₹44.18 Cr
Shares Outstanding
₹3.96 Cr
Gross Margin
11.59%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
3.04%
Profit 5Y
0.47%
Revenue (YoY)
10.40%
Earnings (YoY)
13.00%

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 SICAGEN Sicagen India Limited NSEINFRA 56.38 12.34 ₹223.11 Cr - 7.38% 3.69% 3.04% 0.47%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,482.00 41.32 ₹3.38 L Cr 0.67% 11.90% 10.59% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,278.00 14.01 ₹3.12 L Cr 0.56% 19.15% 27.26% 3.61% 75.28%
4 HINDZINC Hindustan Zinc Limited NSEINFRA 632.95 19.34 ₹2.67 L Cr 3.32% 62.35% 76.94% 5.61% 9.58%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 208.02 28.34 ₹2.59 L Cr 1.92% 11.32% 11.16% -1.59% 7.21%
6 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 1,126.70 18.73 ₹2.52 L Cr 0.44% 9.50% 10.29% 7.40% 9.87%
7 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,122.40 42.74 ₹2.12 L Cr 0.32% 4.00% 6.29% 14.63% -10.06%
8 SOLARINDS Solar Industries India Limited NSEINFRA 18,247.00 98.04 ₹1.65 L Cr 0.06% 29.51% 31.33% 13.27% 30.36%
9 PIDILITIND Pidilite Industries Limited NSEINFRA 1,482.80 61.73 ₹1.51 L Cr 0.67% 28.48% 23.52% 7.50% 24.36%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -251.52 Cr204.54 Cr226.76 Cr264.27 Cr277.91 Cr
Cost of Revenue -225.41 Cr177.98 Cr198.17 Cr237.74 Cr246.78 Cr
Gross Profit -26.11 Cr26.56 Cr28.59 Cr26.53 Cr31.13 Cr
Operating Expenses -19.01 Cr19.21 Cr21.90 Cr19.63 Cr23.57 Cr
Operating Income -7.10 Cr7.35 Cr6.69 Cr6.90 Cr7.56 Cr
EBITDA -13.01 Cr11.66 Cr10.81 Cr11.96 Cr14.34 Cr
Interest Expense -3.07 Cr3.04 Cr2.71 Cr2.68 Cr4.29 Cr
Pretax Income -6.43 Cr6.23 Cr5.73 Cr6.91 Cr6.38 Cr
Tax Provision -2.46 Cr1.69 Cr1.59 Cr1.98 Cr1.92 Cr
Net Income -3.97 Cr4.54 Cr4.14 Cr4.93 Cr4.46 Cr
Diluted EPS -1.001.151.041.251.13

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -889.85 Cr789.81 Cr891.41 Cr973.48 Cr
Cost of Revenue -809.91 Cr711.11 Cr789.86 Cr860.67 Cr
Gross Profit -79.94 Cr78.70 Cr101.55 Cr112.81 Cr
Operating Expenses -63.63 Cr60.48 Cr77.02 Cr84.31 Cr
Operating Income -16.31 Cr18.22 Cr24.53 Cr28.50 Cr
EBITDA -40.44 Cr33.73 Cr45.70 Cr48.77 Cr
Interest Expense -8.26 Cr10.12 Cr11.02 Cr12.72 Cr
Pretax Income -21.64 Cr13.84 Cr24.18 Cr25.25 Cr
Tax Provision -3.82 Cr3.32 Cr7.07 Cr7.18 Cr
Net Income -17.82 Cr10.52 Cr17.11 Cr18.07 Cr
Diluted EPS -0.154.502.664.32-

Compounded Sales Growth

5 Years:3.04%
1 Year:10.40%

Compounded Profit Growth

5 Years:0.47%
1 Year:13.00%

Stock Price Performance

1 Year:+131.54%
6 Months:-
3 Months:-
1 Month:+5.09%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -629.28 Cr723.37 Cr721.69 Cr739.53 Cr
Current Assets -412.46 Cr503.84 Cr501.89 Cr529.77 Cr
Cash & Equivalents -3.16 Cr5.15 Cr6.76 Cr24.97 Cr
Inventory -144.59 Cr131.08 Cr129.48 Cr148.20 Cr
Receivables -187.03 Cr249.32 Cr228.58 Cr243.57 Cr
Total Liabilities -189.72 Cr263.70 Cr237.70 Cr244.52 Cr
Current Liabilities -173.09 Cr245.50 Cr219.56 Cr224.70 Cr
Long Term Debt 24.00 L00--
Total Debt -121.24 Cr120.73 Cr147.84 Cr159.02 Cr
Total Equity -439.56 Cr459.67 Cr483.99 Cr495.01 Cr
Shares Outstanding -3.96 Cr3.96 Cr3.96 Cr3.96 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -14.86 Cr24.60 Cr33.46 Cr44.18 Cr
Investing Cash Flow --4.14 Cr-2.68 Cr-14.49 Cr-6.95 Cr
Financing Cash Flow --13.45 Cr-19.92 Cr-17.36 Cr-19.02 Cr
Capital Expenditure --5.27 Cr-4.21 Cr-3.80 Cr-6.37 Cr
Free Cash Flow -9.59 Cr20.39 Cr29.66 Cr37.81 Cr
Net Change in Cash --2.73 Cr2.00 Cr1.61 Cr18.21 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -9.0%10.0%11.4%11.6%
Operating Margin % -1.8%2.3%2.8%2.9%
Net Margin % -2.0%1.3%1.9%1.9%
ROE % -4.1%2.3%3.5%3.7%
ROCE % -3.6%3.8%4.9%5.5%

Shareholding Pattern

Insiders
69.28%
Institutions
2.42%
Public Float
7.86%

Analyst View

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