MarketFriction

Sika Interplant Systems Ltd

NSE SIKA · BSE 523606 · Aerospace & Defense
₹1,018.20 +0.38%
NSE close2026-10-01
52 week range870.10 - 1,359.40
Market cap₹2,174 Cr.
P/E62.7
Price band 20% Delivery 53.0%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales18.2626.0037.1630.4233.2437.9846.0268.0151.5850.3141.3342.86
Expenses14.4020.6230.5724.2726.3630.1538.0655.5140.9438.7130.9134.51
Operating Profit3.865.386.596.156.887.837.9612.5010.6411.6010.428.35
OPM %21.14%20.69%17.73%20.22%20.70%20.62%17.30%18.38%20.63%23.06%25.21%19.48%
Other Income3.031.281.241.151.301.312.271.741.471.440.482.52
Interest0.020.080.060.040.050.020.150.140.130.090.150.21
Depreciation0.160.260.210.210.250.290.320.250.260.260.280.33
Profit before tax6.716.327.567.057.888.839.7613.8511.7212.6910.4710.33
Tax %25.19%25.32%19.97%25.25%21.45%19.14%19.06%25.20%23.81%25.14%25.31%18.68%
Net Profit5.014.736.055.276.187.147.9110.358.949.497.838.40
EPS in Rs2.372.242.852.492.923.373.734.884.224.483.693.96
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4234224663809860106148211186
Expenses393220395465785086119166145
Operating Profit3326915201020294541
OPM %7%8%10%13%15%18%20%17%19%20%21%22%
Other Income111112337656
Interest000001000011
Depreciation111111111111
Profit before tax3326916221225334945
Tax %36%34%25%29%23%25%26%28%24%23%25%
Net Profit221471217919253635
EPS in Rs0.820.950.702.013.335.617.834.159.1311.9517.1916.35
Dividend Payout %19%17%23%8%7%14%10%19%22%20%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth18%22%52%0%
Compounded Profit Growth35%25%60%10%
Stock Price CAGR39%49%74%-12%
Return on Equity18%21%23%25%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital444444444444
Reserves35363839424860748199120151
Borrowings332311000000
Other Liabilities213641617162018192920
Total Liabilities4455505064708198103122153175
Fixed Assets343537373737373636434544
CWIP023300000000
Investments10338192920303881
Other Assets918881814425348487050
Total Assets4455505064708198103122153175
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1351711816-320847
Cash from Investing Activity-1-3-50-4-10-8-145-18-3-40
Cash from Financing Activity-1-01-2-1-1-1-2-2-2-4-6
Net Cash Flow-210-120-10-0-002
Free Cash Flow-0020911816-413546
CFO/OP60%138%212%56%147%148%84%109%1%130%55%131%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days20941551819252576378018
Inventory Days24102146355521389826283
Days Payable89919267022413887447016
Cash Conversion Cycle365177046434248720396
Working Capital Days-5-11-1118-5-34-7-553184813
ROCE %6%7%8%5%13%19%27%31%15%26%29%35%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.72%71.72%71.72%71.72%71.72%71.72%71.72%71.72%71.72%71.72%71.72%71.72%
FIIs2.42%2.60%2.64%2.77%2.77%2.77%3.11%3.11%3.14%3.14%3.21%3.25%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.04%0.04%0.04%
Public25.85%25.68%25.64%25.50%25.51%25.51%25.15%25.15%25.13%25.10%25.04%24.98%
No. of Shareholders6,4046,9077,50210,81314,55214,92815,73325,53426,74226,17125,73026,959

Fundamentals

Market Cap₹ 2,174 Cr.
Current Price₹ 1,025
Stock P/E62.7
Book Value₹ 77.3
ROCE34.6 %
ROE25.1 %
Dividend Yield0.34 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)10%
Consolidated figures.
Valuation
Market capRs 2,159 Cr
Enterprise valueRs 2,131 Cr
P/E (TTM)62.28x
Price to book13.88x
Price to sales11.60x
EV / EBITDA45.42x
EV / EBIT46.54x
EV / sales11.45x
Price to cash flow46.02x
Earnings yield1.61%
Dividend yield0.34%
P/E, 3-year average35.71x
P/B, 3-year average7.73x
P/E, 5-year average23.13x
P/B, 5-year average4.88x
Profitability
Operating margin (excl. other income)21.43%
Operating margin (incl. other income)23.86%
EBITDA margin25.21%
Pre-tax margin24.30%
Net profit margin18.63%
Net margin, latest quarter19.60%
ROE26.08%
ROCE35.31%
ROA22.24%
ROE, 3-year average22.98%
ROCE, 3-year average30.66%
ROA, 3-year average19.29%
ROE, 5-year average20.61%
ROCE, 5-year average27.77%
ROA, 5-year average17.02%
ROIC (approx.)26.76%
Tax rate25.22%
Other income / net worth3.30%
Growth
Sales growth (latest year)43.05%
Profit growth (latest year)43.80%
Sales CAGR, 3 years52.12%
Sales CAGR, 5 years21.52%
Profit CAGR, 3 years60.64%
Profit CAGR, 5 years25.11%
Sales growth QoQ3.70%
Profit growth QoQ7.28%
Sales growth YoY (latest quarter)-36.98%
Profit growth YoY (latest quarter)-18.84%
Per share
EPS (TTM)Rs 16.35
EPS (latest year)Rs 17.19
EPS (latest quarter)Rs 3.96
EPS, 3-year averageRs 24.93
EPS, 5-year averageRs 26.94
Book value per shareRs 73.37
Sales per shareRs 87.77
Cash flow per shareRs 22.13
Free cash flow per shareRs 21.70
Dividend per share (latest year)Rs 3.50
Dividend per share, 3-year averageRs 5.30
Dividend per share, 5-year averageRs 4.78
Dividends
Dividend payout20.36%
Dividend payout, 3-year average20.78%
Dividend payout, 5-year average18.39%
Efficiency
Asset turnover1.21x
Fixed asset turnover4.81x
Inventory turnover117.75x
Inventory days3 days
Debtor days18 days
Debtors turnover19.93x
Creditor days16 days
Cash conversion cycle6 days
Working capital days13 days
Leverage
Cash and bankRs 28 Cr
Net debtRs -28 Cr
Net debt / EBITDA-0.59x
Interest coverage78.95x
Owners' fund to total sources88.80%
Cash flow
Cash from Operating Activity (latest year)Rs 47 Cr
Cash from Investing Activity (latest year)Rs -40 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 46 Cr
Cash from ops / profit, 5 years0.83x
Sales to cash flow4.50x
Statement figures
Net sales (TTM)Rs 186 Cr
Net sales (latest year)Rs 211 Cr
Sales (latest quarter)Rs 43 Cr
Operating profit excl. other income (latest year)Rs 45 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 47 Cr
PBDT (TTM)Rs 46 Cr
Profit before tax (TTM)Rs 45 Cr
Tax (latest year)Rs 12 Cr
Net profit (TTM)Rs 35 Cr
Net profit (latest year)Rs 36 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 148 Cr
Total expenditure (latest year)Rs 166 Cr
Total income (latest year)Rs 216 Cr
Share capitalRs 4 Cr
ReservesRs 151 Cr
Shareholders' fundsRs 156 Cr
Total assetsRs 175 Cr
Net blockRs 44 Cr
InvestmentsRs 81 Cr
ReceivablesRs 11 Cr
InventoryRs 1 Cr
Other liabilitiesRs 20 Cr
Shares outstanding (crore)2.12
Ownership
Promoter holding71.72% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 62.3 is at the 86th percentile of its own 9.4-year range (median 37.0, low 8.8, high 124.4).
P/B 13.88 is at the 85th percentile (median 3.68).
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.
PeriodSIKANifty 50Difference
1 week-2.0%-2.8% +0.8 pts
1 month+2.3%-6.8% +9.1 pts
3 months-16.6%-7.6% -9.0 pts
3 years+426.1%+14.2% +412.0 pts
5 years+612.3%+27.9% +584.4 pts

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
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

Jun 2026
Sales ₹43 Cr -37.0% vs Jun 2025. Net profit ₹8 Cr -18.8%.
Against our estimate for Jun 2026: sales -43.3%, profit -38.6% big miss. Our estimate for Sep 2026: sales Rs 39 Cr, profit Rs 7 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Hindustan Aeronautics Ltd304,24632.632.0 %
Bharat Electronics Ltd283,43746.136.4 %
Bharat Dynamics Ltd39,77676.413.9 %
Garden Reach Shipbuilders & Engineers Ltd25,27131.642.8 %
Data Patterns (India) Ltd23,63487.421.9 %
Sigma Advanced System Ltd18,55411211.7 %
Aequs Ltd18,2171.69 %
Astra Microwave Products Ltd15,69183.020.3 %
Apollo Micro Systems Ltd14,96112314.5 %
Zen Technologies Ltd14,62580.516.2 %
Paras Defence and Space Technologies Ltd10,67811517.2 %
AXISCADES Technologies Ltd8,79326815.4 %
Unimech Aerospace and Manufacturing Ltd8,52611811.2 %
Mishra Dhatu Nigam Ltd7,85158.511.4 %
Cyient DLM Ltd7,31289.19.90 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-08-05Dividend - Rs 3.50 Per Share
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Sika Interplant Systems Ltd?

Sika Interplant Systems Ltd (SIKA) has a market capitalisation of Rs 2,174 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sika Interplant Systems Ltd?

Sika Interplant Systems Ltd trades at a P/E of 62.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sika Interplant Systems Ltd's latest quarterly results?

In the Jun 2026 quarter, Sika Interplant Systems Ltd sales was Rs 43 Cr (-37.0% vs Jun 2025) and net profit was Rs 8 Cr.

What is the 52-week high and low of Sika Interplant Systems Ltd?

The 52-week high is Rs 1,359.40 and the 52-week low is Rs 870.10.

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