Sigachi Share Price Target 2024-2030 Fundamentals & Quarterly Results

Sigachi Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Sigachi Industries ltd was listed in the stock exchanges several years back as new to the stock exchanges securities exchange the company hasn’t created demand for its stock but the reputation built by the company based on that performance is increasing the share prices because it has stuck to what it knows best such as medicine production and retail under Pharma.sigachi share price target

Sigachi Overview

SIL (Sigachi Industries Ltd) has three multi locational facilities in Telangana and Gujarat and is among the largest manufacturers globally for Microcrystalline Cellulose.

Company Name Sigachi Industries Ltd
Listed at NSE & BSE
Head Office 229/1 & 90, 4th Floor, Kalyan Tulasiram Chambers, Madeenaguda, 500049
Board Of Directors
  • Mr.Rabindra Prasad Sinha Chairman
  • Mr.Chidambarnathan Shanmuganathan Executive Vice Chairman
  • Mr.Sarveswara Reddy Sanivarapu Independent Director
  • Ms.Dhanalakshmi Guntaka Independent Director
  • Ms.Bindu Vinodhan Independent Director
  • Mr.Amit Raj Sinha Managing Director & CEO
Official Website sigachi.com

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Sigachi Business Profile

One of the main companies manufacturing and supplying MCC (cellulose based excipients) in the country is Sigachi Industries Limited with vast experience in the field of more than 30 years. Sigachi Industries Limited offers 59 different grades of MCC which have a particle size from 15 microns up to 250 microns today. HiCel, AceCel, CoatCel, GloCel, and BARETab are several of the brands through which its cellulose based products are marketed by the company, The Co.

Diverse End-use Application

MCC’s applications are diverse in the pharmaceutical, food, nutraceuticals, and cosmetic industries due to its non-reactive, free-flowing, and versatile nature. The key clients include Himalaya, Herballife Nutrition, Cipla, Lupin, wockhardt, Ipca etc.

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Manufacturing Capabilities

Co. owns three MCC manufacturing plants located in Hyderabad, Jhagadia, and Dahej. Their installed capacity and the extent to which they are utilized respectively are as follows –

  1. Hyderabad – 6,400 MTPA – 92%
  2. Jhagadia – 2,600 MTPA – 93%
  3. Dahej – 4,800 MTPA – 96%

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Capacity Expansion

Increase the capacity of Dahej and Jhagadia by 3,600 MTPA and 3,600 MTPA respectively. Additionally, it intends to put up a new plant in Kurnool, thus bringing the total capacity of the company to 21,150 MTPA. For FY24, the anticipated capex is Rs.50 crs.

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Global Presence

Company supplies in over 50 countries worldwide including Australia USA South America UK Poland Italy Denmark China Colombia Bangladesh. The contributions of income are as follows in the year 2023; IUSA is 20%, Australia is 15%, Sweden is 12% and Egypt is 9%.

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Contract Manufacturing

The agreement between Co. and Gujarat Alkalies and Chemicals Limited (GACL) is for the purpose of operating and managing the manufacturing units belonging to the latter and for contract manufacture of sodium chlorate, stable bleaching powder and poly aluminum chloride.

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R & D

They invest a lot into R & D so as to increase their range of products as well as make it simple for them to produce product. The company has two R & D divisions and another two laboratories running.The Dahej R & D division laboratory is fully licensed by DSIR to carry out any research related operations.

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New Product & Subsidiaries

The company is planning on producing Croscarmellose Sodium (CCS) in FY24. It will be used in pharma industry to a larger extent.
By the end of FY23, the company Sigachi MENA FZCO will be one of its two subsidiaries in addition to Sigachi US Inc.

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Strategic Focus

1. This is a reflection of an increase in its concentration on manufacturing MCC, which is its core business.
2. Development of new pharmaceutical products.
3. The expansion of its operations into the food and nutrition industry has been enabled by the production of dry substances used in making sprays as well as micronutrient mixtures among other things.
4. Enhancing global footprint
5. Generics that have been branded by the Health Care Division and the OTC market.
6. Increasing the amount of Dahej production facilities.

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Sigachi Fundamentals & Quarterly Results

Terms Value
Market Cap ₹ 1,988 Cr.
Current Price ₹ 60.4
High / Low ₹ 95.9 / 24.0
Stock P/E 34.8
Book Value ₹ 13.1
Dividend Yield 0.16 %
ROCE 17.2 %
ROE 16.4 %
Face Value ₹ 1.00
Debt to Equity 0.29
Debt Capacity 0.00
Debt Preceding Year ₹ 68.5 Cr.
Debt ₹ 123 Cr.
Reserves ₹ 397 Cr.
EPS ₹ 1.74
EPS Last Year ₹ 1.74
Pledged Percentage 21.7 %
FCF Previous Year ₹ -71.7 Cr.
EV/EBITDA 23.2
Industry P/E 29.3
PEG Ratio 1.41
Piotroski Score 3.00
Earnings Yield 3.74 %
Sales Growth (5 Years) 25.3 %

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Sigachi Quarterly Results

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Sales 66 73 78 82 69 72 85 99 111 104
Expenses 53 58 62 66 55 60 68 78 88 88
Operating Profit 13 15 16 16 14 12 16 21 23 16
OPM % 19% 20% 21% 20% 20% 17% 19% 22% 20% 16%
Other Income 1 2 2 2 1 2 2 1 2 7
Interest 0 0 0 1 1 1 1 2 2 3
Depreciation 1 1 1 2 2 2 2 3 3 3
Profit Before Tax 12 15 17 15 12 10 15 18 20 17
Tax % 22% 23% 23% 11% 20% 29% 26% 17% 18% 12%
Net Profit 10 12 13 14 10 7 11 15 16 15
EPS in Rs 0.31 0.38 0.42 0.44 0.32 0.24 0.35 0.49 0.50 0.46

CAGR Report

10 Years 5 Years 3 Years TTM/1 Year Last Year
Compounded Sales Growth % 25% 27% 32%
Compounded Profit Growth % 25% 24% 31%
Stock Price CAGR % % % 154%
Return on Equity % 21% 19% 16%

Sigachi Shareholding Pattern

Mar 2022 Mar 2023 Mar 2024
Promoters 48.48% 48.49% 45.43%
FIIs 0.23% 0.09% 2.06%
DIIs 2.92% 0.00% 0.00%
Public 48.37% 51.43% 52.51%
No. of Shareholders 98,638 86,576 137,506

Sigachi Share Price Target 2024-2030

Year Initial Target Mid-Year Target Year-End Target
2024 ₹64.5 ₹80.87 ₹90.69
2025 ₹93 ₹88 ₹106
2026 ₹108 ₹101 ₹119
2027 ₹121 ₹113 ₹137
2028 ₹140 ₹131 ₹156
2029 ₹159 ₹150 ₹177
2030 ₹181 ₹171 ₹204

SIGACHI Share Price Target 2025

Month Target
January ₹93
February ₹95
March ₹97
April ₹94
May ₹91
June ₹88
July ₹92
August ₹96
September ₹100
October ₹102
November ₹104
December ₹106

SIGACHI Share Price Target 2026

Month Target
January ₹108
February ₹110
March ₹112
April ₹108
May ₹104
June ₹101
July ₹105
August ₹109
September ₹113
October ₹115
November ₹117
December ₹119

SIGACHI Share Price Target 2027

Month Target
January ₹121
February ₹123
March ₹125
April ₹121
May ₹117
June ₹113
July ₹118
August ₹123
September ₹128
October ₹131
November ₹134
December ₹137

SIGACHI Share Price Target 2028

Month Target
January ₹140
February ₹143
March ₹146
April ₹141
May ₹136
June ₹131
July ₹136
August ₹141
September ₹147
October ₹150
November ₹153
December ₹156

SIGACHI Share Price Target 2029

Month Target
January ₹159
February ₹162
March ₹165
April ₹160
May ₹155
June ₹150
July ₹156
August ₹162
September ₹168
October ₹171
November ₹174
December ₹177

SIGACHI Share Price Target 2030

Month Target
January ₹181
February ₹185
March ₹189
April ₹183
May ₹177
June ₹171
July ₹178
August ₹185
September ₹192
October ₹196
November ₹200
December ₹204

Official Website – sigachi.com

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