Sicagen trades and distributes products in commercial services, small-cap (mkt cap ₹223.58 Cr) with quarterly standalone revenue ₹120–150 Cr. Promoter-led (61.13%), paid consistent annual dividends from 2021 onward.
Stock down 19.34% YoY; verify sector headwinds vs. company execution issues
Razor-thin profitability: OPM 3.98%, ROE 3.57% leave no room for margin compression
EPS volatile—0 (Mar 2025) to ₹1.04 (Jun 2024) quarterly; verify if seasonal, project-based, or operational inconsistency
Quarterly revenue range ₹113–152 Cr; verify demand stability vs. order concentration risk
Generated analysis · source review pending
Net profit grew 3.6× from ₹1.03 Cr (Sep 2023) to ₹3.7 Cr (Mar 2025); verify if operational scale-up or pricing sustains this
Operating margin expanded from 2.46% (Sep 2023) to 4.6% (Mar 2025); verify if cost discipline or utilization gains continue
Dividends paid consistently 2021–2025; verify if reflecting working-capital improvement or cash-conversion gains
Revenue peaked ₹152.55 Cr (Jun 2024); verify if seasonal strength or repeatable new-contract win
Generated analysis · source review pending
2,527 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 11.9% | 11.9% | 11.7% | 11.3% | 11.9% | 8.8% | 11.4% | 12.3% |
| EBITDA margin % | 0.1% | 0.1% | 0.2% | 1.6% | 1.6% | 2.6% | 3.4% | 4% |
| EBIT margin % | -0.6% | -0.6% | -0.6% | 0.2% | -0.3% | 1.3% | 2.2% | 2.8% |
| PAT margin % | 0.2% | 0.2% | 0% | 0.1% | -0.6% | -0.1% | 1.3% | 1.9% |
| Working capital | ||||||||
| Receivable days | 73 | 91 | 119 | 108 | 115 | 107 | 114 | 94 |
| Inventory days | 67 | 68 | 58 | 78 | 80 | 50 | 68 | 60 |
| Payable days | 31 | 42 | 76 | 60 | 40 | 60 | 48 | 20 |
| NWC days | 110 | 117 | 102 | 126 | 155 | 97 | 135 | 134 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 87.02 | 95.07 | 81.93 | 6.98 | 7.55 | 3.65 | 3.83 | 3.71 |
| Debt to equity | 0.18 | 0.22 | 0.3 | 0.19 | 0.17 | 0.2 | 0.21 | 0.29 |
| Interest coverage | 1.2 | 1.2 | 1.3 | 1.4 | 1.3 | 3.3 | 2.3 | 3 |
| Asset turnover | 1.09 | 1.23 | 1.2 | 1.16 | 0.96 | 1.27 | 1.1 | 1.24 |
| Return ratios | ||||||||
| Return on assets % | 0.2% | 0.2% | 0% | 0.1% | -0.6% | -0.1% | 1.5% | 2.4% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 0.2% | 0.3% | 0% | 0.1% | -0.9% | -0.2% | 2.1% | 3.7% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
No scheme among the 32 fund houses on record reported a position in Sicagen India Limited. Portfolios are published monthly by each AMC; coverage is still partial.
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Redington LimitedREDINGTONREDINGTON | ₹31,112 Cr | ₹33,749 Cr | ₹1,28,133 Cr | ₹2,537 Cr | 1.9% | ₹1,701 Cr | 1.1% | 21.7% | 15.8% | 34 |
| Mmtc LimitedMMTCMMTC | ₹8,444 Cr | ₹8,444 Cr | ₹3 Cr | ₹-179 Cr | — | ₹447 Cr | — | -0.5% | 20.3% | -2,38,864 |
| Mstc LimitedMSTCLTDMSTCLTD | ₹4,969 Cr | ₹5,114 Cr | ₹386 Cr | ₹236 Cr | 60.6% | ₹234 Cr | 59.1% | 34.9% | 26.6% | -92 |
| Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM | ₹2,228 Cr | ₹2,310 Cr | ₹299 Cr | ₹-37 Cr | -12.5% | ₹20 Cr | 6.6% | 12% | 8.5% | 130 |
| Creative Newtech LimitedCNLCNL | ₹1,619 Cr | ₹1,943 Cr | ₹2,783 Cr | ₹99 Cr | 3.2% | ₹74 Cr | 2.6% | 29.2% | 21.4% | 75 |
| Pervasive Commodities LtdPERVASIVEPERVASIVE | ₹1,090 Cr | ₹1,090 Cr | ₹43 Cr | ₹-0 Cr | -1.1% | ₹-0 Cr | -0.1% | 0% | -0.1% | 548 |
| RRP Defense LtdRRPDEFENSERRPDEFENSE | ₹842 Cr | ₹844 Cr | ₹12 Cr | ₹-1 Cr | -8.4% | ₹-1 Cr | -8.2% | -13.7% | -13.7% | -15 |
| The Yamuna Syndicate LtdYSLYSL | ₹779 Cr | ₹779 Cr | ₹69 Cr | ₹2 Cr | 2.2% | ₹52 Cr | 75.3% | 0.3% | 4% | 60 |
| The State Trading Corporation Of India LimitedSTCINDIASTCINDIA | ₹636 Cr | ₹1,811 Cr | ₹0 Cr | ₹-46 Cr | — | ₹21 Cr | — | — | — | — |
| SMT Engineering LtdSMTELSMTEL | ₹598 Cr | ₹679 Cr | ₹162 Cr | ₹41 Cr | 25% | ₹23 Cr | 14.2% | 33.2% | 25.2% | 395 |
| Bijoy Hans LtdARVAYAARVAYA | ₹576 Cr | ₹579 Cr | ₹0 Cr | ₹-1 Cr | — | ₹0 Cr | — | -3.9% | -3.9% | — |
| Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI | ₹505 Cr | ₹787 Cr | ₹236 Cr | ₹-12 Cr | -5.2% | ₹61 Cr | -5.2% | 2.8% | -0.8% | 65 |
| Holder (%) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50.57% | 50.57% | 55.46% | 55.46% | 60.39% | 60.39% | 60.39% | 60.39% | 61.13% | 61.13% | 61.13% | 61.13% | |
| 7.34% | 7.34% | 7.34% | 7.34% | 2.42% | 2.42% | 2.42% | 2.85% | 2.42% | 2.47% | 2.47% | 2.47% | |
| 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | |
| 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| 41.49% | 41.49% | 36.6% | 36.6% | 36.59% | 36.61% | 36.61% | 36.18% | 35.87% | 35.82% | 35.82% | 35.82% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 23,326 | 23,057 | 22,183 | 22,070 |
Promoter holding up 10.56 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 7 Aug 2026 | ANKITA VISHAL SHAH | Bulk | NSE | Buy | 2,98,525 | ₹73.43 | ₹2.19 Cr |
| 7 Aug 2026 | ANKITA VISHAL SHAH | Bulk | NSE | Sell | 1,17,046 | ₹74.06 | ₹0.87 Cr |
| 4 Sept 2024 | AMI HOLDINGS PRIVATE LIMITED | Bulk | BSE | Buy | 3,84,423 | ₹107.25 | ₹4.12 Cr |
| 3 Sept 2024 | AMI HOLDINGS PRIVATE LIMITED | Bulk | BSE | Buy | 3,90,000 | ₹93.50 | ₹3.65 Cr |
| 21 Aug 2024 | AMI HOLDINGS PRIVATE LIMITED | Bulk | BSE | Buy | 3,90,000 | ₹77.83 | ₹3.04 Cr |
| 20 Aug 2024 | AMI HOLDINGS PRIVATE LIMITED | Bulk | BSE | Buy | 3,90,000 | ₹69.94 | ₹2.73 Cr |
| 19 Aug 2024 | AMI HOLDINGS PRIVATE LIMITED | Bulk | BSE | Buy | 3,90,000 | ₹70.25 | ₹2.74 Cr |
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Documents link to external sources (exchange filings, company investor pages).
Closure of Trading Window
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Shareholder Meeting / Postal Ballot-Outcome of AGM
Announcement Under Regulation 30 (LODR) - Letters To Shareholders Under Reg. 36(1)(B) Of SEBI (LODR) Regulations, 2015
Announcement under Regulation 30 (LODR)-Newspaper Publication
Announcement Under Regulation 30 (LODR) - Letters Sent To Physical Shareholders To Update Their PAN/KYC/Nomination Details
22Nd Annual General Meeting On 17.09.2026
Reg. 34 (1) Annual Report.
| 17 Sept 2026, 7:33 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Outcome of AGM |
| 27 Aug 2026, 6:09 pm | Company Update General | Announcement Under Regulation 30 (LODR) - Letters To Shareholders Under Reg. 36(1)(B) Of SEBI (LODR) Regulations, 2015 |
| 27 Aug 2026, 5:50 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication |
| 26 Aug 2026, 5:24 pm | Company Update General | Announcement Under Regulation 30 (LODR) - Letters Sent To Physical Shareholders To Update Their PAN/KYC/Nomination Details |
| 25 Aug 2026, 2:08 pm | AGM/EGM AGM | 22Nd Annual General Meeting On 17.09.2026 |
| 25 Aug 2026, 2:01 pm | Others Reg. 34 (1) Annual Report | Reg. 34 (1) Annual Report. |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 601 | 740 | 740 | 820 | 699 | 542 | 836 | 795 | 892 | |
| COGS | 539 | 652 | 652 | 724 | 620 | 477 | 763 | 705 | 782 |
| Gross profit | 62 | 88 | 88 | 96 | 79 | 65 | 74 | 91 | 110 |
| 69 | 87 | 87 | 94 | 67 | 56 | 52 | 63 | 74 | |
| -7 | 1 | 1 | 1 | 11 | 8 | 22 | 27 | 36 | |
| OPM % | -1.2% | 0.1% | 0.1% | 0.2% | 1.6% | 1.6% | 2.6% | 3.4% | 4% |
| Depreciation | 5 | 5 | 5 | 6 | 10 | 10 | 11 | 10 | 11 |
| Interest | 6 | 9 | 9 | 9 | 9 | 5 | 6 | 11 | 11 |
| 18 | 15 | 15 | 17 | 11 | 8 | 9 | 9 | 8 | |
| Profit before tax | -1 | 2 | 2 | 3 | 3 | 1 | 5 | 14 | 24 |
| Tax | -2 | 1 | 1 | 3 | 3 | 5 | 6 | 3 | 7 |
| Tax % | -300% | 30.3% | 30.3% | 95.4% | 89.4% | 322.2% | 112.2% | 24% | 29.2% |
| 1 | 1 | 1 | 0 | 0 | -3 | -1 | 11 | 17 | |
| PAT margin % | 0.2% | 0.2% | 0.2% | 0% | 0.1% | -0.6% | -0.1% | 1.3% | 1.9% |
| EPS (₹) | — | 0.3 | 0.3 | 0 | 0.1 | -0.8 | -0.2 | 2.7 | 4.3 |
| EPS adjusted (₹) | 0.3 | 0.3 | 0.3 | 0 | 0.1 | -0.8 | -0.2 | 2.7 | 4.3 |
| — | 206.9% | 206.9% | 1,333.3% | 555.6% | — | — | 22.6% | 23.1% | |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2018 | Annual report for Mar 2019 | Annual report for Mar 2020 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2024 | Annual report for Mar 2025 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 483 | 443 | 393 | 353 | 375 | 336 | 355 | 460 | 420 |
| 60 | 89 | 97 | 118 | 79 | 64 | 80 | 104 | 132 | |
| 36 | 109 | 74 | 174 | 111 | 122 | 182 | 120 | 130 | |
| Total equity & liabilities | 619 | 681 | 604 | 685 | 605 | 562 | 656 | 723 | 722 |
| 57 | 65 | 203 | 148 | — | — | — | — | — | |
| CWIP | 2 | 12 | 0 | 0 | 1 | 0 | 0 | 1 | 0 |
| Investments | 100 | 75 | 34 | 26 | 20 | 37 | 70 | 73 | 79 |
| 460 | 528 | 367 | 510 | 584 | 524 | 586 | 650 | 643 | |
| Total assets | 619 | 681 | 604 | 685 | 605 | 562 | 656 | 723 | 722 |
As reported in NSE results XBRL. Segment result is before tax and finance costs.
Latest reported period · 31 Mar 2021 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities |
|---|---|---|---|---|
| TRADING | 369.63 | 11.93 | — | 53.18 |
| MANUFACTURING | 172.07 | -0.6 | — | 97.88 |
₹ crore by fiscal year
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| -41 | -12 | 20 | -37 | 31 | -2 | 15 | 25 | 33 | |
| 5 | 11 | -5 | 45 | -17 | 18 | -4 | -3 | -14 | |
| 22 | -4 | -12 | -18 | -12 | -18 | -13 | -20 | -17 | |
| Net cash flow | — | — | — | — | 3 | — | — | — | — |
| Free cash flow | -64 | -25 | 16 | -42 | 29 | -3 | 10 | 20 | 30 |
| CFO / Operating profit % | — | — | — | -326.2% | 364.8% | -7% | — | 90.6% | 94.3% |