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Sicagen India Limited
(SICAGEN)
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Rating:58Neutral
Price Target:
$54.00
Action:N/A
Date:09/22/26
The score is driven primarily by a steady but capped financial profile (thin margins and modest ROE despite improved profitability and positive free cash flow). Technical indicators are the main drag with price trading below key moving averages and negative MACD. Valuation is a meaningful positive offset due to a low P/E and moderate dividend yield.
Positive Factors
Revenue Recovery
Revenue has returned to growth after the FY2024 decline, indicating that demand for the company’s traded building materials and industrial supplies remains active. While the pace is moderate, renewed sales expansion supports continued scale and provides a base for improving earnings over the next several quarters.
Negative Factors
Thin and Compressing Margins
Thin margins leave limited room to absorb procurement, logistics, or pricing pressure and reduce the earnings benefit from higher sales. The FY2026 gross-margin compression is particularly important because sustained pressure on the trading spread could constrain profitability even if revenue continues to grow.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
Revenue has returned to growth after the FY2024 decline, indicating that demand for the company’s traded building materials and industrial supplies remains active. While the pace is moderate, renewed sales expansion supports continued scale and provides a base for improving earnings over the next several quarters.
Read all positive factors
Sicagen India Limited (SICAGEN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.07B
Dividend Yield1.95%
Average Volume (3M)7.43K
Price to Earnings (P/E)10.0
Beta (1Y)1.64
Revenue Growth22.07%
EPS Growth21.43%
CountryIN
Employees276
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)5.17
Shares Outstanding39,571,686
10 Day Avg. Volume1,699
30 Day Avg. Volume7,434
Financial Highlights & Ratios
PEG Ratio1.62
Price to Book (P/B)0.34
Price to Sales (P/S)0.17
P/FCF Ratio4.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sicagen India Limited Business Overview & Revenue Model
Company Description
Headquartered in Chennai, India, and founded in 2004, Sicagen India Limited is a multifaceted company operating across both trading and manufacturing sectors. The firm engages in the domestic and international distribution of an extensive range of...
How the Company Makes Money
Sicagen primarily makes money by purchasing products from manufacturers and principals and selling them to customers through a trading/distribution model. Revenue is generated from (1) sales of building materials and allied products, where earning...
Sicagen India Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
67
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.57B | 9.73B | 8.92B | 7.95B | 8.95B | 8.36B |
| Gross Profit | 989.60M | 710.30M | 1.02B | 440.90M | 445.30M | 728.10M |
| EBITDA | 518.60M | 487.70M | 355.00M | 342.10M | 410.10M | 226.40M |
| Net Income | 204.60M | 180.70M | 171.10M | 104.90M | 178.20M | -6.10M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 7.40B | 7.22B | 6.99B | 6.29B | 6.56B |
| Cash, Cash Equivalents and Short-Term Investments | 845.60M | 839.00M | 680.90M | 450.50M | 282.00M | 268.50M |
| Total Debt | 0.00 | 1.59B | 1.48B | 1.21B | 1.21B | 945.40M |
| Total Liabilities | -4.95B | 2.45B | 2.38B | 2.39B | 1.90B | 2.34B |
| Stockholders Equity | 4.95B | 4.95B | 4.84B | 4.60B | 4.40B | 4.22B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 345.00M | 296.60M | 203.80M | 95.90M | -29.10M |
| Operating Cash Flow | 0.00 | 408.70M | 334.60M | 246.00M | 148.60M | -15.30M |
| Investing Cash Flow | 0.00 | -140.90M | -144.90M | -26.90M | -41.40M | 176.20M |
| Financing Cash Flow | 0.00 | -85.70M | -173.60M | -199.20M | -134.50M | -182.40M |
Sicagen India Limited Technical Analysis
Negative
―
Price Trends
54.19
Negative
53.55
Negative
53.18
Negative
Market Momentum
-0.74
Positive
40.96
Neutral
31.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SICAGEN, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 53.74, equal to the 50-day MA of 54.19, and equal to the 200-day MA of 53.18, indicating a bearish trend. The MACD of -0.74 indicates Positive momentum. The RSI at 40.96 is Neutral, neither overbought nor oversold. The STOCH value of 31.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SICAGEN.
Sicagen India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹1.61B | 10.51 | ― | ― | 2.73% | -18.79% | |
60 Neutral | ₹2.06B | 8.71 | ― | 0.73% | 17.48% | 48.53% | |
59 Neutral | ₹2.05B | 15.52 | ― | 2.87% | 20.53% | ― | |
58 Neutral | ₹2.07B | 9.95 | ― | 1.95% | 22.07% | 21.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹8.73B | -123.97 | ― | 5.00% | 0.48% | 70.36% |
* General Sector Average
IN:SICAGEN
Sicagen India Limited
51.45
-15.37
-23.00%
IN:ARCHIDPLY
Archidply Industries Limited
102.25
-5.75
-5.32%
IN:HEXATRADEX
Hexa Tradex Limited
154.35
-25.20
-14.04%
IN:SIGIND
Signet Industries Limited
68.98
17.39
33.70%
IN:TEXMOPIPES
Texmo Pipes & Products Ltd.
54.13
-1.83
-3.27%
IN:IWP
Indian Wood Products Co. Ltd.
35.79
-11.49
-24.30%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.