MarketFriction

Siddhika Coatings Ltd

NSE SIDDHIKA · Paints
₹214.25 +0.12%
NSE close2026-10-01
52 week range180.65 - 250.00
Market cap₹129 Cr.
P/E13.4
IPO 2021 · +276% since Price band 5% Delivery 100.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales5.7710.818.6711.7213.9418.2716.0320.7923.6724.3627.2427.65
Expenses5.639.748.2110.3712.2615.6313.4017.5918.7419.7521.2121.67
Operating Profit0.141.070.461.351.682.642.633.204.934.616.035.98
OPM %2.43%9.90%5.31%11.52%12.05%14.45%16.41%15.39%20.83%18.92%22.14%21.63%
Other Income0.110.070.080.280.180.330.250.480.680.650.520.78
Interest0.010.010.010.000.010.010.010.010.010.000.000.00
Depreciation0.060.080.060.080.090.100.090.100.110.160.140.20
Profit before tax0.181.050.471.551.762.862.783.575.495.106.416.56
Tax %27.78%27.62%25.53%18.06%23.30%23.78%24.82%33.89%21.86%26.67%25.12%22.87%
Net Profit0.130.770.341.271.352.172.082.364.293.744.805.06
EPS in Rs0.291.710.552.052.183.503.353.816.946.057.778.19
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales14.4619.1122.8721.2631.1429.3416.5320.3532.2136.8148.0154.90
Expenses12.1916.0919.2817.8326.6125.5715.3018.5327.8530.9538.4442.86
Operating Profit2.273.023.593.434.533.771.231.824.365.869.5712.04
OPM %15.70%15.80%15.70%16.13%14.55%12.85%7.44%8.94%13.54%15.92%19.93%21.93%
Other Income0.070.090.090.150.260.270.180.360.510.731.331.30
Interest0.010.060.050.040.050.050.030.020.060.050.040.03
Depreciation0.140.120.160.120.140.160.140.140.190.190.270.34
Profit before tax2.192.933.473.424.603.831.242.024.626.3510.5912.97
Tax %33.79%33.11%33.14%27.49%27.39%25.33%26.61%19.80%23.81%29.92%24.17%24.06%
Net Profit1.461.962.322.483.342.870.901.613.524.448.039.86
EPS in Rs29.2039.2046.4049.6066.806.382.002.605.687.1613.0015.96
Dividend Payout %0.00%2.82%11.90%0.00%10.33%15.82%50.44%46.06%26.34%22.97%25.40%25.07%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%27%19%14%
Compounded Profit Growth17%62%40%29%
Stock Price CAGR%40%32%6%
Return on Equity19%18%21%24%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.230.230.230.232.272.273.093.093.096.186.18
Reserves4.706.648.6910.8314.0414.9419.8122.5926.1130.0337.85
Borrowings0.610.330.250.260.330.330.280.000.000.000.00
Other Liabilities2.514.003.753.495.363.113.867.589.739.1912.02
Total Liabilities8.0511.2012.9214.8122.0020.6527.0433.2638.9345.4056.05
Fixed Assets0.270.370.401.981.971.763.483.463.583.854.47
CWIP0.000.000.000.000.000.000.000.000.000.000.00
Investments1.622.072.921.452.414.935.488.3513.6018.2222.49
Other Assets6.168.769.6011.3817.6213.9618.0821.4521.7523.3329.09
Total Assets8.0511.2012.9214.8122.0020.6527.0433.2638.9345.4056.05
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.000.000.000.772.950.373.594.863.884.209.32
Cash from Investing Activity0.000.000.00-0.06-1.10-2.30-2.12-2.70-4.95-4.01-4.30
Cash from Financing Activity0.000.000.00-0.34-0.55-0.024.03-1.05-0.94-1.04-2.05
Net Cash Flow0.000.000.000.361.31-1.945.501.10-2.01-0.852.98
Free Cash Flow0.000.000.000.691.830.683.394.693.563.668.82
CFO/OP0%0%0%50%104%56%226%138%99%70%106%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days62.6072.0151.5561.2965.81101.1357.2250.0965.3527.8341.82
Inventory Days72.5586.0246.9499.79104.97224.67163.95136.1676.1879.8395.68
Days Payable92.950.003.8746.884.418.2114.9614.1918.8214.3130.25
Cash Conversion Cycle42.20158.0394.62114.20166.37317.59206.21172.06122.7093.34107.24
Working Capital Days70.6875.0663.2094.9489.45186.81100.2644.6523.606.5414.83
ROCE %45.39%46.94%43.01%33.77%7.08%9.82%18.99%22.59%31.10%31.93%
Mar 2021Apr 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Promoters83.65%61.34%63.09%63.09%63.09%63.09%63.09%63.09%63.09%63.09%63.09%63.09%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.53%0.00%0.00%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.92%
Public16.35%38.66%36.91%36.91%36.91%36.91%36.91%36.91%36.38%36.91%36.91%35.99%
No. of Shareholders42298198173166168223242428440451457

Fundamentals

Market Cap₹ 129 Cr.
Current Price₹ 209
Stock P/E13.4
Book Value₹ 71.3
ROCE31.9 %
ROE24.0 %
Dividend Yield1.92 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)29%
Standalone figures.
Valuation
Market capRs 132 Cr
Enterprise valueRs 124 Cr
P/E (TTM)13.43x
Price to book3.01x
Price to sales2.41x
EV / EBITDA9.27x
EV / EBIT9.51x
EV / sales2.25x
Price to cash flow14.20x
Earnings yield7.45%
Dividend yield1.87%
P/E, 3-year average11.15x
P/B, 3-year average2.32x
P/E, 5-year average9.52x
P/B, 5-year average1.69x
Profitability
Operating margin (excl. other income)21.93%
Operating margin (incl. other income)24.30%
EBITDA margin24.30%
Pre-tax margin23.62%
Net profit margin17.96%
ROE24.58%
ROCE32.40%
ROA19.44%
ROE, 3-year average21.77%
ROCE, 3-year average29.41%
ROA, 3-year average16.93%
ROE, 5-year average17.57%
ROCE, 5-year average23.48%
ROA, 5-year average13.84%
ROIC (approx.)27.97%
Tax rate24.06%
Other income / net worth2.95%
Growth
Sales growth (latest year)14.35%
Profit growth (latest year)22.79%
Sales CAGR, 3 years19.45%
Sales CAGR, 5 years27.13%
Profit CAGR, 3 years40.97%
Profit CAGR, 5 years61.41%
Per share
EPS (TTM)Rs 15.96
EPS (latest year)Rs 15.96
EPS, 3-year averageRs 14.44
EPS, 5-year averageRs 11.99
Book value per shareRs 71.26
Sales per shareRs 88.85
Cash flow per shareRs 15.08
Free cash flow per shareRs 14.27
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.53
Dividend per share, 5-year averageRs 3.20
Dividends
Dividend payout25.05%
Dividend payout, 3-year average24.48%
Dividend payout, 5-year average29.16%
Efficiency
Asset turnover0.98x
Fixed asset turnover12.28x
Inventory turnover6.91x
Inventory days53 days
Debtor days42 days
Debtors turnover8.73x
Creditor days30 days
Cash conversion cycle107 days
Working capital days15 days
Leverage
Cash and bankRs 9 Cr
Net debtRs -9 Cr
Net debt / EBITDA-0.65x
Interest coverage433.33x
Owners' fund to total sources78.55%
Cash flow
Cash from Operating Activity (latest year)Rs 9 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 9 Cr
Cash from ops / profit, 5 years0.94x
Sales to cash flow5.89x
Statement figures
Net sales (TTM)Rs 55 Cr
Net sales (latest year)Rs 55 Cr
Operating profit excl. other income (latest year)Rs 12 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs 13 Cr
Profit before tax (TTM)Rs 13 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 10 Cr
Net profit (latest year)Rs 10 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 27 Cr
Total expenditure (latest year)Rs 43 Cr
Total income (latest year)Rs 56 Cr
Share capitalRs 6 Cr
ReservesRs 38 Cr
Shareholders' fundsRs 44 Cr
Total assetsRs 56 Cr
Net blockRs 4 Cr
InvestmentsRs 22 Cr
ReceivablesRs 6 Cr
InventoryRs 4 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)0.62
Ownership
Promoter holding63.09% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 13.4 is at the 6th percentile of its own 5.6-year range (median 34.3, low 11.2, high 82.5).
P/B 3.01 is at the 28th percentile (median 3.55).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSIDDHIKANifty 50Difference
1 week-2.2%-2.8% +0.6 pts
1 month-2.8%-6.8% +4.0 pts
3 months+9.0%-7.6% +16.6 pts
6 months+3.0%+0.4% +2.6 pts
1 year+27.4%-9.9% +37.3 pts
2 years+19.2%-13.6% +32.8 pts
3 years+17.1%+14.2% +2.9 pts
5 years+167.1%+27.9% +139.3 pts

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew 72% vs sales +14% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹28 Cr +33.0% vs Mar 2024. Net profit ₹5 Cr +114.4%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded

Quick answers

What is the market cap of Siddhika Coatings Ltd?

Siddhika Coatings Ltd (SIDDHIKA) has a market capitalisation of Rs 129 Cr. at the 2026-10-01 close.

What is the P/E ratio of Siddhika Coatings Ltd?

Siddhika Coatings Ltd trades at a P/E of 13.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Siddhika Coatings Ltd's latest quarterly results?

In the Mar 2026 quarter, Siddhika Coatings Ltd sales was Rs 28 Cr (+33.0% vs Mar 2024) and net profit was Rs 5 Cr.

What is the 52-week high and low of Siddhika Coatings Ltd?

The 52-week high is Rs 250.00 and the 52-week low is Rs 180.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03