Sigachi Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,017 Cr
- P/E
- 45.22
- ROE
- 5.78%
- Price to sales
- 2.15
- Debt to equity
- 0.31
- 52W high / low
- ₹38.2 / ₹16.9
- Sales growth (5Y)
- 19.91%
- EBITDA margin
- 9.80%
- Net profit margin
- 6.88%
- Promoter holding
- 36.69%
- Sales (last year)
- ₹471 Cr
Guidance scorecard · Q1 FY27 call
What Sigachi Industries Ltd's management guided
RevenueQ1 FY27 call
20–40%- Q1 FY27 sales were INR121.27 crores with 76.8% overall capacity utilization; planned to increase utilization quarter-on-quarter.
- Full-year revenue guidance remains INR650-675 crores, with expectations to reach INR160-170 crores in quarterly run rate by Q4 FY27.
- Capacity expansion underway with debottlenecking and adding equipment to increase volumes beyond current 18,000 MT.
- New capacities with Dahej 2 and CCS facility expected by FY28 to further increase volumes.
- API segment revenues expected to ramp up from INR21 crores in Q1 to higher levels in subsequent quarters through new high-margin products.
- Product mix improvements with co-processed excipients and differentiated products to enhance revenue and margins.
2 more points from Sigachi Industries Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Sigachi Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Ongoing capex for FY27 is around INR 100 crores, with an additional INR 150-200 crores planned for FY28.
- Capex focuses on increasing capacity through debottlenecking, adding equipment (shifters, blenders), and product mix enhancements, especially in MCC.
- New capacity expansions include increasing MCC capacity from 18,000 to 30,000 metric tons in upcoming quarters.
- Dahej 2 plant expansion is progressing, expected operational by Q2 FY28 (delayed from earlier Q1 FY28 expectation).
- CCS (Continuous Coating System) facility is expected to be fully operational in FY28.
- Funding for capex may come from internal accruals, borrowings (bank finance/term loans), and potential preferential equity issuance.
2 more points from Sigachi Industries Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Sigachi Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Sigachi Industries is currently receiving orders for the supply of CCS (Co-Processed Superdisintegrants) from export customers, even before the CCS production capacity is operational.
- Inquiries are coming from foreign customers, likely due to market shortages and existing customer requirements for CCS alongside MCC.
- The company expects more orders from exports once the CCS facility is operational (planned for FY28).
- Strong demand is indicated by inquiries and order interest despite current capacity bottlenecks.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Sigachi Industries Ltd announcements
All announcements →- Board / shareholder meeting outcomeNotable· Adverse for the businessSigachi Industries Ltd EGM held on Sept 15, 2026; two resolutions rejected
Financials of Sigachi Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sigachi Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 68.85 | 72.42 | 84.70 | 99.18 | 110.95 | 104.13 | 95.71 | 124.90 | 139.42 | 128.20 | 128.25 | 110.48 | 117.21 |
| Expenses + | 54.84 | 60.25 | 68.39 | 77.76 | 88.36 | 87.80 | 74.69 | 107.67 | 106.25 | 99.65 | 104.14 | 102.96 | 111.49 |
| Operating Profit | 14.01 | 12.17 | 16.31 | 21.42 | 22.59 | 16.33 | 21.02 | 17.23 | 33.17 | 28.55 | 24.11 | 7.52 | 5.72 |
| OPM % | 20.35% | 16.80% | 19.26% | 21.60% | 20.36% | 15.68% | 21.96% | 13.80% | 23.79% | 22.27% | 18.80% | 6.81% | 4.88% |
| Other Income + | 1.29 | 1.55 | 1.63 | 1.11 | 1.71 | 7.24 | 1.68 | 14.64 | 2.02 | 2.19 | -117.07 | 7.15 | -0.26 |
| Interest | 1.20 | 1.41 | 1.27 | 1.79 | 1.84 | 2.87 | 3.16 | 2.10 | 3.82 | 3.33 | 3.31 | 3.13 | 3.13 |
| Depreciation | 1.78 | 1.98 | 1.96 | 2.52 | 2.82 | 3.49 | 3.15 | 3.22 | 4.67 | 4.74 | 4.72 | 4.11 | 4.18 |
| Profit before tax | 12.32 | 10.33 | 14.71 | 18.22 | 19.64 | 17.21 | 16.39 | 26.55 | 26.70 | 22.67 | -100.99 | 7.43 | -1.85 |
| Tax % | 20.29% | 29.24% | 26.04% | 17.01% | 18.02% | 11.85% | 22.21% | 20.83% | 23.22% | 28.67% | -0.02% | -41.59% | -98.92% |
| Net Profit + | 9.82 | 7.32 | 10.88 | 15.12 | 16.10 | 15.17 | 12.76 | 21.01 | 20.51 | 16.18 | -100.97 | 10.53 | -0.01 |
| EPS in Rs | 0.32 | 0.24 | 0.35 | 0.49 | 0.50 | 0.46 | 0.40 | 0.65 | 0.64 | 0.35 | -2.63 | 0.28 | 0.01 |
Financials of Sigachi Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 101 | 129 | 139 | 193 | 250 | 302 | 399 | 488 | 484 |
| Expenses + | 89 | 103 | 114 | 154 | 197 | 243 | 322 | 388 | 418 |
| Operating Profit | 12 | 26 | 25 | 39 | 53 | 59 | 77 | 100 | 66 |
| OPM % | 12% | 20% | 18% | 20% | 21% | 19% | 19% | 20% | 14% |
| Other Income + | 3 | 4 | 5 | 3 | 3 | 7 | 12 | 21 | -108 |
| Interest | 4 | 3 | 2 | 1 | 1 | 4 | 8 | 12 | 13 |
| Depreciation | 1 | 2 | 2 | 2 | 3 | 7 | 11 | 16 | 18 |
| Profit before tax | 10 | 25 | 25 | 38 | 52 | 54 | 70 | 92 | -73 |
| Tax % | 28% | 23% | 20% | 21% | 22% | 20% | 18% | 24% | |
| Net Profit + | 7 | 19 | 20 | 30 | 40 | 44 | 57 | 70 | -74 |
| EPS in Rs | 2.25 | 6.19 | 2.65 | 3.94 | 1.30 | 0.00 | 1.74 | 1.82 | -1.99 |
| Dividend Payout % | 4% | 2% | 4% | 0% | 8% | 6% | 5% |
Financials of Sigachi Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 8 | 8 | 31 | 31 | 33 | 38 | 38 |
| Reserves | 23 | 42 | 57 | 87 | 197 | 238 | 397 | 563 | 470 |
| Borrowings + | 30 | 25 | 30 | 21 | 35 | 68 | 151 | 142 | 145 |
| Other Liabilities + | 16 | 21 | 14 | 18 | 24 | 37 | 113 | 103 | 198 |
| Total Liabilities | 72 | 91 | 109 | 133 | 287 | 374 | 694 | 846 | 851 |
| Fixed Assets + | 26 | 29 | 32 | 38 | 53 | 122 | 254 | 370 | 327 |
| CWIP | 1 | 2 | 3 | 4 | 10 | 35 | 97 | 9 | 16 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 46 | 61 | 74 | 92 | 224 | 216 | 342 | 467 | 508 |
| Total Assets | 72 | 91 | 109 | 133 | 287 | 374 | 694 | 846 | 851 |
Financials of Sigachi Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 8 | 14 | 12 | 30 | 6 | 29 | 13 | 27 |
| Cash from Investing Activity + | -4 | -6 | -7 | -11 | -63 | -92 | -161 | -93 |
| Cash from Financing Activity + | -5 | -9 | 3 | -11 | 108 | 26 | 172 | 81 |
| Net Cash Flow | -1 | -0 | 8 | 7 | 51 | -37 | 24 | 15 |
| Free Cash Flow | 3 | 9 | 6 | 20 | -18 | -72 | -72 | -16 |
| CFO/OP | 88% | 75% | 69% | 94% | 33% | 71% | 29% | 41% |
Financials of Sigachi Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 70 | 72 | 68 | 88 | 97 | 137 | 137 |
| Inventory Days | 99 | 123 | 141 | 77 | 94 | 123 | 132 | 155 |
| Days Payable | 52 | 48 | 37 | 29 | 33 | 55 | 90 | 59 |
| Cash Conversion Cycle | 124 | 145 | 177 | 116 | 149 | 165 | 180 | 234 |
| Working Capital Days | 7 | 43 | 59 | 70 | 86 | 85 | 63 | 103 |
| ROCE % | 44% | 34% | 38% | 28% | 20% | 17% | 16% |
Guidance history
How Sigachi Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 2%+ | Planned | Planned | — |
| Q4 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
28 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −28.2% | 25% |
| Last 6 months | +31.6% | 82% |
| Last 3 months | +2.4% | 70% |
The price is 69.5% below its all-time high of ₹87.15 (23 Feb 2024). Stocks more than 20% below their peak have their score halved, so 57 became 28.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sigachi Industries Ltd: 0.4 × 25 + 0.4 × 82 + 0.2 × 70 = 57, halved to 28 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Sigachi Industries Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q3 FY23 earnings call →