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On 6 Nov 2026, Sicagen India was priced at ₹55.28, or 10.7× trailing earnings, against an industry P/E of 19.9×, and the shares are 25% below their 52-week high. Its ROCE of 6.9% is the lowest among the 7 largest Steel peers, and sales and net profit grew 2.7% and 0.5% a year over 3 years. Its dividend yield is 1.9%, and debt is 0.32× equity. It is a small-cap company with a market cap of ₹219 Cr, ranked 85th of 150 Steel companies by market cap; the shares rose 127% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹57.08
Day high
₹57.90
Day low
₹54.50
Prev. close
₹57.08
Volume
12K

Health check

2 good · 1 fair · 3 to check
  • ReturnsAhead

    +127.0% over a year, better than 7 of 7 peers.

  • Price tagCheaper

    P/E 10.7 vs industry 19.9.

  • GrowthSlow

    Sales +2.7%, profit +0.5% a year over 3 years.

  • ProfitabilityWeak

    ROCE 6.9% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.32× equity, interest covered 3.4×, Piotroski 4 of 9.

  • Red flags1 to check

    Return on equity is low at 3.7%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹219 Cr, #85 of 150 in its industry by size.

Defensive

Beta 0.31 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,055 Cr · profit ₹20 Cr
Market cap
₹219 Cr
Small cap
P/E
10.7
Industry 19.9
Price to book
0.44
Peers 2.28
Dividend yield
1.93%
ROE
3.7%
Peers 23.4%
ROCE
6.9%
Peers 18.7%
Debt to equity
0.32
Debt ₹159 Cr
EPS (TTM)
₹5.17
Face value ₹10
OPM (TTM)
4.0%
Net margin 1.9%
Sales growth
+39.8%
Latest quarter vs a year ago
Profit growth
+52.6%
Latest quarter vs a year ago
Price to sales
0.21
EV/EBITDA 6.8

Strengths and risks

Strengths

  • Quarterly profit up 52.6% on a year ago.
  • Quarterly sales up 39.8% on a year ago.
  • P/E of 10.7 against an industry P/E of 19.9.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 3.7%.

Derived automatically from reported figures. Not a recommendation.

About Sicagen India

Sicagen India Limited, together with its subsidiaries, engages in the trade and distribution of building materials in India and internationally. The company operates through Trading and Manufacturing segments. It distributes building materials, such as MS/GI pipes, precision tubes, structural tubes, seamless tubes, ERW tubes, rectangular/square hollow sections, TMT steel bars, steel fittings, PVC pipes, UPVC pipes, roofing sheets, electrical cables,…

Headquarters
Chennai
Employees
276
Sector
Basic Materials
ISIN
INE176J01011
Website
sicagen.com

Price range

52 weeks

₹24.35₹74.06

Today

₹54.50₹57.90
Avg volume (3M)
41K
1-year return
plus 127.0%
From 52-week high
minus 25.4%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
SICAGENSicagen India55.28minus 3.15%21910.77.36.9%3.5%0.322.7%plus 127.0%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
205227264278286
195218255267274
9.79.19.311.212.4
4.8%4.0%3.5%4.0%4.3%
1.91.833.12
32.72.74.32.8
2.42.42.43.72.4
––−0.3––
6.25.76.96.49.3
27.1%27.7%28.7%30.1%25.4%
4.54.14.94.56.9
1.151.041.251.131.75

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+2.7%
Profit CAGR 3Y
+0.5%
EPS CAGR 3Y
+0.5%
ROE
3.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
890790885965
–minus 11.2%+12.1%+9.0%
863762848923
26.92836.541.6
3.0%3.5%4.1%4.3%
66.67.87.3
8.310.110.410.5
10.59.810.510.8
7.6−0.80.8−2.4
21.613.824.225.3
17.7%24.0%29.2%28.4%
17.810.517.118.1
–minus 41.0%+62.6%+5.6%
4.502.664.324.57

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
39.639.639.639.6
400420444455
121121147159
68.514365.285.5
629723696740
137136133137
0.10.7––
72.172.878.866.2
21.736.65873
398478426463
629723696740

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14.924.633.544.2
−4.1−2.7−14.5−7
−13.5−19.9−17.4−19
−2.721.618.2
−5.3−4.2−3.8−6.4
9.620.429.737.8
−1−2.4−2.4−4

Shareholding pattern

Source: NSE filings
39.9%
promoters
  • Promoters39.85%
  • Public60.15%
  • As of 30 Jun 2021
QuarterSplitPromotersPublicPromoter change
30 Jun 202139.85%60.15%0.00
31 Mar 202139.85%60.15%minus 1.94
31 Dec 202041.79%58.21%0.00
30 Sep 202041.79%58.21%0.00
30 Jun 202041.79%58.21%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you