NSEI:SICAGEN

Stock Analysis Report

Executive Summary

Sicagen India Limited trades in and distributes building materials in India and internationally.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.

Share Price & News

How has Sicagen India's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.2%

SICAGEN

5.3%

IN Trade Distributors

1.4%

IN Market


1 Year Return

-42.4%

SICAGEN

-12.5%

IN Trade Distributors

2.3%

IN Market

Return vs Industry: SICAGEN underperformed the Indian Trade Distributors industry which returned -12.5% over the past year.

Return vs Market: SICAGEN underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

SICAGENIndustryMarket
7 Day-7.2%5.3%1.4%
30 Day-24.4%5.3%2.7%
90 Day-43.1%12.9%-1.4%
1 Year-41.4%-42.4%-12.1%-12.5%4.3%2.3%
3 Year-33.7%-37.1%20.0%2.6%20.9%14.9%
5 Year-5.1%-16.2%37.7%-61.6%41.2%28.2%

Price Volatility Vs. Market

How volatile is Sicagen India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sicagen India undervalued compared to its fair value and its price relative to the market?

113.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: SICAGEN (₹14.75) is trading above our estimate of fair value (₹10.08)

Significantly Undervalued: SICAGEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SICAGEN is poor value based on its PE Ratio (113.9x) compared to the Trade Distributors industry average (16.2x).

PE vs Market: SICAGEN is poor value based on its PE Ratio (113.9x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate SICAGEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SICAGEN is good value based on its PB Ratio (0.2x) compared to the IN Trade Distributors industry average (0.7x).


Next Steps

Future Growth

How is Sicagen India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

34.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SICAGEN's forecast earnings growth (34.3% per year) is above the savings rate (7.6%).

Earnings vs Market: SICAGEN's earnings (34.3% per year) are forecast to grow faster than the Indian market (18.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if SICAGEN's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if SICAGEN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if SICAGEN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sicagen India performed over the past 5 years?

-39.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SICAGEN's earnings have declined by -39.4% per year over the past 5 years.

Accelerating Growth: SICAGEN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SICAGEN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (4.8%).


Return on Equity

High ROE: SICAGEN's Return on Equity (0.1%) is considered low.


Return on Assets

ROA vs Industry: SICAGEN's Return on Assets is below or equal to the Trade Distributors industry average last year.


Return on Capital Employed

ROCE Improving: SICAGEN is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Sicagen India's financial position?


Financial Position Analysis

Short Term Liabilities: SICAGEN's short term assets (₹4.8B) exceeds its short term liabilities (₹2.7B)

Long Term Liabilities: SICAGEN's short term assets (4.8B) exceeds its long term liabilities (304.5M)


Debt to Equity History and Analysis

Debt Level: SICAGEN's debt to equity ratio (30.8%) is considered satisfactory

Reducing Debt: SICAGEN's debt to equity ratio has increased from 15% to 30.8% over the past 5 years.

Debt Coverage: SICAGEN's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: Insufficient data to determine if SICAGEN's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: SICAGEN has a high level of physical assets or inventory.

Debt Coverage by Assets: SICAGEN's debt is covered by short term assets (assets are 4.039920x debt).


Next Steps

Dividend

What is Sicagen India's current dividend yield, its reliability and sustainability?

2.67%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%0.6%markettop25%2.5%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SICAGEN's dividend (2.67%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: SICAGEN's dividend (2.67%) is in the top 25% of dividend payers in the Indian market (2.51%)

Stable Dividend: SICAGEN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SICAGEN has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (303.7%), SICAGEN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Sicagen India's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average board tenure


CEO

R. Chandrasekar (55yo)

0yrs

Tenure

₹4,574,471

Compensation

Mr. R. Chandrasekar has been Whole Time Director of Sicagen India Limited since November 28, 2018. Mr. Chandrasekar served as Non-Independent Director of Sicagen India Limited since August 9, 2018 until N ...


CEO Compensation Analysis

Compensation vs. Market: R.'s total compensation ($USD63.99K) is above average for companies of similar size in the Indian market ($USD27.28K).

Compensation vs Earnings: Insufficient data to compare R.'s compensation with company performance.


Board Age and Tenure

1.2yrs

Average Tenure

62yo

Average Age

Experienced Board: SICAGEN's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • G. Arunmozhi (42yo)

    Deputy GM of Legal

    • Tenure: 0yrs
  • Nandakumar Varma (50yo)

    General Manager of Power & Control Systems

    • Tenure: 0yrs
  • Prasanna Joshi (35yo)

    Deputy General Manager Building Materials

    • Tenure: 0yrs
  • S. Santhanakrishnan (55yo)

    General Manager of Specialty

    • Tenure: 0yrs
  • Rajesh Lakshmanan (42yo)

    Deputy General Manager

    • Tenure: 0yrs
  • P. Raja (38yo)

    Chief Manager

    • Tenure: 0yrs
  • R. Chandrasekar (55yo)

    Whole Time Director

    • Tenure: 0yrs
    • Compensation: ₹4.57m
  • D. Kiran (45yo)

    Regional Sales Manager of Building Materials

    • Tenure: 0yrs

Board Members

  • Ashwin Muthiah (53yo)

    Chairman

    • Tenure: 6.8yrs
    • Compensation: ₹250.00k
  • S. Ramakrishnan (69yo)

    Non-Executive Non-Independent Director

    • Tenure: 0.8yrs
    • Compensation: ₹50.00k
  • Bhimsingh Narendran (74yo)

    Non-Executive Independent Director

    • Tenure: 0yrs
    • Compensation: ₹250.00k
  • Sashikala Srikanth (62yo)

    Non-Executive Independent Director

    • Tenure: 5.2yrs
    • Compensation: ₹250.00k
  • Rita Chandrasekar (61yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: ₹150.00k
  • R. Chandrasekar (55yo)

    Whole Time Director

    • Tenure: 0yrs
    • Compensation: ₹4.57m
  • S. Radhakrishnan

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: ₹200.00k
  • M. Rajamani (74yo)

    Non-Executive Independent Director

    • Tenure: 0.9yrs
    • Compensation: ₹100.00k

Company Information

Sicagen India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sicagen India Limited
  • Ticker: SICAGEN
  • Exchange: NSEI
  • Founded: 2004
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: ₹605.447m
  • Shares outstanding: 39.57m
  • Website: https://www.sicagen.com

Location

  • Sicagen India Limited
  • SPIC House
  • 4th Floor
  • Chennai
  • Tamil Nadu
  • 600032
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
533014BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2008
SICAGENNSEI (National Stock Exchange of India)YesEquity SharesININRAug 2008

Biography

Sicagen India Limited trades in and distributes building materials in India and internationally. The company operates through Trading and Manufacturing segments. It offers building materials, such as MS/GI ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:48
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.