Sikko Industries Share Price & Earnings Call Analysis

₹4.99+0.00% today
Market cap
₹218 Cr
P/E
36.02
ROE
6.10%
PEG
1.73
Price to sales
3.37
Debt to equity
0.14
52W high / low
₹114 / ₹3.63
Sales growth (5Y)
10.69%
EBITDA margin
12.01%
Net profit margin
7.92%
Promoter holding
54.96%
Sales (last year)
₹65 Cr

Sikko Industries Ltd is an Ahmedabad-based agro-input formulator and marketer focused on pesticides, fertilisers and seeds. It sells through distributors/dealers to farmers and has its disclosed operating unit at Iyava on the Sanand–Viramgam Highway.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Fertilizers & Agrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹194 Cr23.2
2Dharmaj Crop20–40%Up 0–2%₹862 Cr14.3
3M B Agro Prod.20–40%Flat₹8,127 Cr52.5
420–40%Flat₹7,066 Cr35.9
510–20%Up 2%+₹1,167 Cr17.4
610–20%Flat₹50,035 Cr26.8

Financials of Sikko Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Sikko Industries

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +71.44%71.44%71.46%71.45%71.45%54.96%54.96%54.96%54.96%54.96%54.96%54.96%
FIIs +0.00%0.00%0.00%0.79%0.74%4.77%5.04%5.01%8.01%8.01%7.72%7.37%
Public +28.56%28.56%28.54%27.76%27.81%40.27%39.99%40.03%37.02%37.02%37.32%37.66%
No. of Shareholders19,05917,78316,62318,55418,69919,96819,09818,39928,96631,17432,12331,095

Financials of Sikko Industries

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +18.8513.5814.2715.8815.3211.7018.8518.1019.2016.7210.9917.6923.29
YoY Sales growth+25.00%+34.19%+102.41%+8.84%-18.73%-13.84%+32.10%+13.98%+25.33%+42.91%-41.70%-2.27%+21.30%
Expenses +16.4511.3915.6413.4012.289.6420.0814.9215.3113.9814.4313.1218.66
Operating Profit2.402.19-1.372.483.042.06-1.233.183.892.74-3.444.574.63
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%19.88%
Other Income +0.010.023.360.040.050.020.650.040.030.550.770.090.06
Interest0.140.190.270.040.110.080.150.060.090.300.380.240.13
Depreciation0.120.190.300.170.170.170.180.140.140.140.210.240.23
Profit before tax2.151.831.422.312.811.83-0.913.023.692.85-3.264.184.33
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%25.17%
Net Profit +1.621.310.651.752.101.30-0.882.182.852.07-2.003.133.24
EPS in Rs0.050.040.020.050.060.03-0.020.050.070.05-0.050.070.07

Financials of Sikko Industries

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +11.2120.0715.8725.5425.5130.4938.8450.5149.0060.2461.3064.5468.69
Sales growth+0.54%+79.04%-20.93%+60.93%-0.12%+19.52%+27.39%+30.05%-2.99%+22.94%+1.76%+5.29%+1.24%
Expenses +9.8419.8315.3822.7422.7426.8936.2146.9544.3856.1054.9358.1960.19
Operating Profit1.370.240.492.802.773.602.633.564.624.146.376.358.50
OPM %12.22%1.20%3.09%10.96%10.86%11.81%6.77%7.05%9.43%6.87%10.39%9.84%12.37%
Other Income +0.211.211.530.621.181.081.910.220.463.420.751.401.47
Interest0.480.600.430.210.570.570.290.540.440.790.400.821.05
Depreciation1.140.910.710.710.840.700.600.630.590.720.690.630.82
Profit before tax-0.04-0.060.882.502.543.413.652.614.056.056.036.308.10
Tax %-25.00%533.33%54.55%53.20%20.87%28.74%29.32%27.97%28.64%33.06%29.35%18.89%
Net Profit +-0.03-0.380.401.182.012.442.601.882.894.064.275.116.44
EPS in Rs-0.00-0.020.020.030.060.070.080.060.090.120.100.120.14
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%8.72%0.00%0.00%0.00%

Financials of Sikko Industries

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital2.002.004.005.605.605.6011.2011.2016.8016.8021.8443.6843.68
Reserves3.413.692.316.548.7111.148.099.977.0111.0759.5442.6149.21
Borrowings +3.935.527.034.369.216.636.781.648.615.894.1211.726.79
Other Liabilities +5.8910.187.4910.6510.0415.5516.3713.8913.0717.9322.6216.7718.54
Total Liabilities15.2321.3920.8327.1533.5638.9242.4436.7045.4951.69108.12114.78118.22
Fixed Assets +4.313.543.074.093.803.493.303.284.764.0113.1414.5818.93
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.361.307.745.533.80
Other Assets +10.9217.8517.7623.0629.7635.4339.1433.4240.3746.3887.2494.6795.49
Total Assets15.2321.3920.8327.1533.5638.9242.4436.7045.4951.69108.12114.78118.22

Financials of Sikko Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +0.79-0.021.09-2.93-0.610.680.246.36-4.052.10-31.13-7.30
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 +-1.080.151.661.684.29-3.11-0.14-5.696.28-3.4947.096.81
Net Cash Flow-0.54-0.012.50-2.463.12-2.83-0.290.070.28-0.400.050.18
Free Cash Flow0.53-0.160.85-4.15-1.160.29-0.165.75-6.014.26-40.94-9.34
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit78%-8%184%-78%8%47%51%201%-62%94%-489%-92%

Financials of Sikko Industries

Ratios

Working capital efficiency and return ratios

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%

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