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Signet Industries Limited
(SIGIND)
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Rating:60Neutral
Price Target:
₹73.00
▲(62.95% Upside)
Action:Reiterated
Date:08/07/26
Overall score reflects weakened financial quality driven by the 2026 cash-flow deterioration and meaningful leverage, partially offset by strong technical momentum (despite overbought signals) and a relatively inexpensive valuation (low P/E, modest yield).
Positive Factors
Revenue Reacceleration
Revenue growth resumed in 2026 following the prior-year decline, indicating renewed demand or improved commercial execution. Sustained top-line expansion could support scale and earnings growth, although margin conversion remains an important constraint.
Negative Factors
Meaningful Leverage
Persistent leverage above equity increases financial risk for a specialty chemicals company. Higher debt can constrain investment flexibility and raise sensitivity to weaker profitability, higher funding costs, or interruptions in cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Reacceleration
Revenue growth resumed in 2026 following the prior-year decline, indicating renewed demand or improved commercial execution. Sustained top-line expansion could support scale and earnings growth, although margin conversion remains an important constraint.
Read all positive factors
Signet Industries Limited (SIGIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.09B
Dividend Yield0.71%
Average Volume (3M)12.32K
Price to Earnings (P/E)9.2
Beta (1Y)1.31
Revenue Growth17.48%
EPS Growth46.18%
CountryIN
Employees514
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.23
Shares Outstanding29,437,000
10 Day Avg. Volume3,446
30 Day Avg. Volume12,325
Financial Highlights & Ratios
PEG Ratio2.49
Price to Book (P/B)0.53
Price to Sales (P/S)0.10
P/FCF Ratio-1.79
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
Signet Industries Limited Business Overview & Revenue Model
Company Description
Signet Industries Limited, an Indian company established in Indore in 1985 (and formerly known as Signet Overseas Limited until January 2010), operates with a multifaceted approach, spanning manufacturing, trading, and renewable energy generation....
How the Company Makes Money
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Signet Industries Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
33
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.47B | 11.79B | 12.13B | 10.18B | 8.77B |
| Gross Profit | 1.67B | 1.84B | 1.72B | 1.50B | 1.27B |
| EBITDA | 950.08M | 901.62M | 849.01M | 722.80M | 594.43M |
| Net Income | 161.55M | 156.41M | 154.53M | 130.54M | 82.44M |
Balance Sheet | |||||
| Total Assets | 9.60B | 8.47B | 7.68B | 7.29B | 7.18B |
| Cash, Cash Equivalents and Short-Term Investments | 157.40M | 817.33M | 3.91M | 17.91M | 6.59M |
| Total Debt | 4.60B | 3.88B | 3.36B | 3.09B | 3.07B |
| Total Liabilities | 7.13B | 6.14B | 5.48B | 5.22B | 5.23B |
| Stockholders Equity | 2.47B | 2.34B | 2.20B | 2.06B | 1.95B |
Cash Flow | |||||
| Free Cash Flow | -734.72M | 117.80M | 238.03M | 433.52M | 248.00M |
| Operating Cash Flow | -448.10M | 157.41M | 303.68M | 506.84M | 335.75M |
| Investing Cash Flow | -257.15M | -71.03M | 2.68M | -55.63M | -86.81M |
| Financing Cash Flow | 696.97M | -79.23M | -320.36M | -439.90M | -322.22M |
Signet Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹5.65B | 19.45 | ― | 0.48% | 11.71% | 79.88% | |
65 Neutral | ₹2.68B | 17.95 | ― | 1.59% | 3.55% | -21.35% | |
63 Neutral | ₹15.38B | 21.18 | ― | 0.42% | 15.65% | 7.89% | |
60 Neutral | ₹2.09B | 9.19 | ― | 0.71% | 17.48% | 46.18% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹2.56B | 13.70 | ― | 0.13% | 12.41% | 51.78% |
* General Sector Average
IN:SIGIND
Signet Industries Limited
70.93
13.52
23.55%
IN:DICIND
DIC India Limited
615.25
31.85
5.46%
IN:SUDARCOLOR
Heubach Colorants India Limited
383.50
-210.95
-35.49%
IN:PODDARMENT
Poddar Pigments Limited
253.05
-27.23
-9.72%
IN:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers Ltd.
475.75
131.68
38.27%
IN:SRD
Shankar Lal Rampal Dye-Chem Ltd.
39.95
-36.50
-47.74%
Signet Industries Limited Corporate Events
Signet Industries clears FY26 results, recommends dividend and strengthens audit oversight
May 30, 2026
Signet Industries Limited’s board has approved the audited financial results for the quarter and year ended 31 March 2026, along with the accompanying statement of assets and liabilities and auditor’s report. The board also recommended...
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.