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Signet Industries Limited
(SIGIND)
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Rating:60Neutral
Price Target:
₹61.00
▲(36.16% 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 Re-acceleration
Revenue growth resumed in 2026 after a 2025 dip, indicating demand has not structurally stalled across the company’s polymer and packaging activities. Continued sales expansion can support scale and customer retention, although the benefit depends on converting growth into stronger profitability.
Negative Factors
Meaningful Leverage
Debt has consistently exceeded equity and increased further in 2026, leaving the company meaningfully leveraged. Higher leverage can constrain financial flexibility, increase sensitivity to weaker profitability, and make it harder to fund growth internally during operating setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Re-acceleration
Revenue growth resumed in 2026 after a 2025 dip, indicating demand has not structurally stalled across the company’s polymer and packaging activities. Continued sales expansion can support scale and customer retention, although the benefit depends on converting growth into stronger profitability.
Read all positive factors
Signet Industries Limited (SIGIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.71B
Dividend Yield0.87%
Average Volume (3M)3.23K
Price to Earnings (P/E)7.9
Beta (1Y)1.29
Revenue Growth17.48%
EPS Growth48.53%
CountryIN
Employees736
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.23
Shares Outstanding29,437,000
10 Day Avg. Volume3,228
30 Day Avg. Volume3,235
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....
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 Technical Analysis
Negative
44.80
Price Trends
67.14
Negative
57.56
Positive
53.38
Positive
Market Momentum
-1.25
Positive
32.60
Neutral
1.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SIGIND, the sentiment is Negative. The current price of 44.8 is below the 20-day moving average (MA) of 68.27, below the 50-day MA of 67.14, and below the 200-day MA of 53.38, indicating a neutral trend. The MACD of -1.25 indicates Positive momentum. The RSI at 32.60 is Neutral, neither overbought nor oversold. The STOCH value of 1.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SIGIND.
Signet Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹15.72B | 22.03 | ― | 0.43% | 15.65% | 7.88% | |
67 Neutral | ₹5.52B | 19.13 | ― | 0.49% | 11.71% | 79.88% | |
62 Neutral | ₹2.68B | 17.80 | ― | 1.59% | 3.55% | -21.35% | |
62 Neutral | ₹2.37B | 12.63 | ― | 0.14% | 12.41% | 51.78% | |
60 Neutral | ₹1.71B | 7.89 | ― | 0.87% | 17.48% | 48.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:SIGIND
Signet Industries Limited
57.95
4.51
8.44%
IN:DICIND
DIC India Limited
600.85
60.06
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IN:SUDARCOLOR
Heubach Colorants India Limited
349.40
-179.30
-33.91%
IN:PODDARMENT
Poddar Pigments Limited
252.50
-21.25
-7.76%
IN:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers Ltd.
486.20
71.95
17.37%
IN:SRD
Shankar Lal Rampal Dye-Chem Ltd.
37.01
-37.67
-50.44%
Signet Industries Limited Corporate Events
Signet Industries Names New Secretarial Auditor to Strengthen Governance
Sep 6, 2026
Signet Industries Limited has reshaped its secretarial oversight by appointing M/s Shilpesh Dalal Co. as its new Secretarial Auditor for a five-year term beginning in the 2026-27 financial year, subject to shareholder approval at the upcoming ann...
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.