MarketFriction

Sikko Industries Ltd

NSE SIKKO · Pesticides & Agrochemicals
₹6.22 -1.74%
NSE close2026-10-01
52 week range3.52 - 6.83
Market cap₹284 Cr.
P/E47.0
ESM Price band 5%

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 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales18.8513.5814.2715.8815.3211.7018.8518.1019.2016.7210.9917.69
Expenses16.4511.3915.6413.4012.289.6420.0814.9215.3113.9814.4313.12
Operating Profit2.402.19-1.372.483.042.06-1.233.183.892.74-3.444.57
OPM %12.73%16.13%-9.60%15.62%19.84%17.61%-6.53%17.57%20.26%16.39%-31.30%25.83%
Other Income0.010.023.360.040.050.020.650.040.030.550.770.09
Interest0.140.190.270.040.110.080.150.060.090.300.380.24
Depreciation0.120.190.300.170.170.170.180.140.140.140.210.24
Profit before tax2.151.831.422.312.811.83-0.913.023.692.85-3.264.18
Tax %25.12%28.42%53.52%24.68%24.91%28.96%-4.40%27.81%22.76%27.02%-38.34%25.12%
Net Profit1.621.310.651.752.101.30-0.882.182.852.07-2.003.13
EPS in Rs0.040.030.010.040.050.03-0.020.050.070.05-0.050.07
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales20.0715.8725.5425.5130.4938.8450.5149.0060.2461.3064.5464.60
Expenses19.8315.3822.7422.7426.8936.2146.9544.3856.1054.9358.1956.84
Operating Profit0.240.492.802.773.602.633.564.624.146.376.357.76
OPM %1.20%3.09%10.96%10.86%11.81%6.77%7.05%9.43%6.87%10.39%9.84%12.01%
Other Income1.211.530.621.181.081.910.220.463.420.751.401.44
Interest0.600.430.210.570.570.290.540.440.790.400.821.01
Depreciation0.910.710.710.840.700.600.630.590.720.690.630.73
Profit before tax-0.060.882.502.543.413.652.614.056.056.036.307.46
Tax %533.33%54.55%53.20%20.87%28.74%29.32%27.97%28.64%33.06%29.35%18.89%
Net Profit-0.380.401.182.012.442.601.882.894.064.275.116.05
EPS in Rs-0.020.010.030.050.060.060.040.070.090.100.120.14
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%8.72%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%11%10%1%
Compounded Profit Growth31%14%21%29%
Stock Price CAGR%43%30%80%
Return on Equity9%8%7%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2.002.004.005.605.605.6011.2011.2016.8016.8021.8443.68
Reserves3.413.692.316.548.7111.148.099.977.0111.0759.5442.61
Borrowings3.935.527.034.369.216.636.781.648.615.894.1211.72
Other Liabilities5.8910.187.4910.6510.0415.5516.3713.8913.0717.9322.6216.77
Total Liabilities15.2321.3920.8327.1533.5638.9242.4436.7045.4951.69108.12114.78
Fixed Assets4.313.543.074.093.803.493.303.284.764.0113.1414.58
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.361.307.745.53
Other Assets10.9217.8517.7623.0629.7635.4339.1433.4240.3746.3887.2494.67
Total Assets15.2321.3920.8327.1533.5638.9242.4436.7045.4951.69108.12114.78
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.79-0.021.09-2.93-0.610.680.246.36-4.052.10-31.13-6.95
Cash from Investing Activity-0.25-0.14-0.24-1.21-0.56-0.39-0.39-0.61-1.950.98-15.910.67
Cash from Financing Activity-1.080.151.661.684.29-3.11-0.14-5.696.28-3.4947.386.90
Net Cash Flow-0.54-0.012.50-2.463.12-2.83-0.290.070.28-0.400.340.61
Free Cash Flow0.53-0.160.85-4.15-1.160.29-0.165.75-6.014.26-40.94-8.99
CFO/OP78%-8%184%-78%8%47%51%201%-62%94%-489%-86%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days77.17147.49123.28135.34174.70230.56201.76142.14180.34140.27190.24203.14
Inventory Days246.32137.29176.16196.56207.57209.18132.1168.6991.5793.17118.11162.11
Days Payable149.27198.38195.81164.24129.25192.47117.3753.9262.6754.4783.5526.67
Cash Conversion Cycle174.2286.40103.63167.66253.03247.28216.50156.91209.24178.97224.79338.58
Working Capital Days-17.58121.6711.04124.91110.17156.70149.80131.37148.16146.63366.96376.25
ROCE %4.55%5.26%10.67%18.16%15.54%16.98%15.94%12.89%16.26%13.84%10.78%7.76%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.44%71.44%71.44%71.46%71.45%71.45%54.96%54.96%54.96%54.96%54.96%54.96%
FIIs0.00%0.00%0.00%0.00%0.79%0.74%4.77%5.04%5.01%8.01%8.01%7.72%
Public28.56%28.56%28.56%28.54%27.76%27.81%40.27%39.99%40.03%37.02%37.02%37.32%
No. of Shareholders17,01519,05917,78316,62318,55418,69919,96819,09818,39928,96631,17432,123

Fundamentals

Market Cap₹ 284 Cr.
Current Price₹ 6.51
Stock P/E47.0
Book Value₹ 1.98
ROCE7.76 %
ROE6.10 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)29%
Standalone figures.
Valuation
Market capRs 272 Cr
Enterprise valueRs 283 Cr
P/E (TTM)44.91x
Price to book3.15x
Price to sales4.21x
EV / EBITDA30.77x
EV / EBIT33.42x
EV / sales4.38x
Earnings yield2.23%
P/E, 3-year average18.73x
P/B, 3-year average1.11x
P/E, 5-year average11.91x
P/B, 5-year average0.74x
Profitability
Operating margin (excl. other income)9.84%
Operating margin (incl. other income)12.01%
EBITDA margin14.24%
Pre-tax margin11.55%
Net profit margin9.37%
Net margin, latest quarter17.69%
ROE6.10%
ROCE7.76%
ROA4.58%
ROE, 3-year average9.87%
ROCE, 3-year average13.07%
ROA, 3-year average6.09%
ROE, 5-year average10.35%
ROCE, 5-year average13.67%
ROA, 5-year average6.01%
ROIC (approx.)7.03%
Tax rate18.89%
Other income / net worth1.62%
Growth
Sales growth (latest year)5.29%
Profit growth (latest year)19.67%
Sales CAGR, 3 years9.62%
Sales CAGR, 5 years10.69%
Profit CAGR, 3 years20.92%
Profit CAGR, 5 years14.47%
Sales growth QoQ60.96%
Sales growth YoY (latest quarter)-2.27%
Profit growth YoY (latest quarter)43.58%
Per share
EPS (TTM)Rs 0.14
EPS (latest year)Rs 0.12
EPS (latest quarter)Rs 0.07
EPS, 3-year averageRs 0.91
EPS, 5-year averageRs 1.23
Book value per shareRs 1.98
Sales per shareRs 1.48
Cash flow per shareRs -0.16
Free cash flow per shareRs -0.21
Dividend per share, 5-year averageRs 0.15
Dividends
Dividend payout, 5-year average8.65%
Efficiency
Asset turnover0.56x
Fixed asset turnover4.43x
Inventory turnover2.56x
Inventory days143 days
Debtor days203 days
Debtors turnover1.80x
Creditor days27 days
Cash conversion cycle339 days
Working capital days376 days
Leverage
Total debtRs 12 Cr
Cash and bankRs 0 Cr
Net debtRs 11 Cr
Debt to equity0.14x
Net debt / EBITDA1.24x
Interest coverage8.39x
Owners' fund to total sources75.18%
Debt to assets10.21%
Cash flow
Cash from Operating Activity (latest year)Rs -7 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 7 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -9 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years-1.85x
Statement figures
Net sales (TTM)Rs 65 Cr
Net sales (latest year)Rs 65 Cr
Sales (latest quarter)Rs 18 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 46 Cr
Total expenditure (latest year)Rs 58 Cr
Total income (latest year)Rs 66 Cr
Share capitalRs 44 Cr
ReservesRs 43 Cr
Shareholders' fundsRs 86 Cr
Total assetsRs 115 Cr
Net blockRs 15 Cr
InvestmentsRs 6 Cr
ReceivablesRs 36 Cr
InventoryRs 18 Cr
Other liabilitiesRs 17 Cr
Shares outstanding (crore)43.68
Ownership
Promoter holding54.96% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 44.9 is at the 59th percentile of its own 9.3-year range (median 40.0, low 12.5, high 163.8).
P/B 3.15 is at the 37th percentile (median 3.96).
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.
PeriodSIKKONifty 50Difference
1 week-3.1%-2.8% -0.3 pts
1 month+21.7%-6.8% +28.5 pts
3 months+65.0%-7.6% +72.6 pts
6 months+48.8%+0.4% +48.4 pts
1 year+74.7%-9.9% +84.6 pts
2 years+18.0%-13.6% +31.6 pts
3 years+108.7%+14.2% +94.6 pts
5 years+465.5%+27.9% +437.6 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -268% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 11% of total assets in 2026
lookInventory outrunning sales Inventory grew 36% vs sales +5% in 2026
lookOn NSE surveillance On NSE surveillance: ESM
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 ₹18 Cr -2.3% vs Jun 2025. Net profit ₹3 Cr +43.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-12-08Bonus 1:10.5000
2025-11-27Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2024-12-06Rights 3:10 @ Premium Rs 88/-
2022-12-28Interim Dividend - Re 0.15 Per Share
2022-10-28Bonus 1:20.6667
DateTypeWhat it says
2026-09-26Shareholder meetingSikko Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026.
2026-09-26Shareholder meetingProceedings of 26th Annual General Meeting held on September 26, 2026
2026-09-24General UpdatesChange in Name of Secretarial Auditor
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 26, 2026
2026-08-12Director changeChange in Director(s) of the company.
2026-08-12Change in ManagementChange in Management
2026-08-12AppointmentAppointment of Internal Auditor of the Company as Other of the company w.e.f. August 12, 2026.
2026-08-12Board meeting outcomeSikko Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-30Disclosure under SEBI TakeovJayantibhai Mohanbhai Kumbhani has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India...
2026-06-29Disclosure under SEBI TakeovGhanshyambhai Mohanbhai Kumbhani has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Ind...
2026-05-23Board meeting outcomeSikko Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-23Board meeting outcomeSikko Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-25General UpdatesReceipt of Shresth Ratna Award by Managing Director
2026-04-10Shareholder meetingVoting results.
2026-03-09Shareholder meetingNotice of Postal Ballot
2026-03-07Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-03-07Board meeting outcomeSikko Industries Limited has submitted to the Exchange regarding alteration in main object clause of memorandum of association of the company
2026-02-07Board meeting outcomeSikko Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-03General UpdatesRevised disclosure of Rejection of Application of Operational Creditor by the Hon ble National Company Law Tribunal (NCLT), Ahmedabad Bench containing...
2026-02-03General UpdatesRejection of Application of Operational Creditor by the Hon ble National Company Law Tribunal (NCLT), Ahmedabad Bench
2025-12-09AllotmentAllotment of 21,84,00,000 equity shares of Re. 1, pursuant to Bonus at its meeting held on December 09, 2025
2025-11-26Record DateRecord date for the purpose of Bonus is 08-Dec-2025.
2025-11-14Record DateRecord date for the purpose of Split/Subdivision is 27-Nov-2025.
2025-11-13Shareholder meetingVoting results.
2025-11-13Shareholder meetingProceedings of Extraordinary General Meeting held on November 13, 2025
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.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03