NSE: SIKA · BSE: 523606 · ISIN INE438E01032
Sika Interplant Systems Limited stock analysis
Sika Interplant Systems Limited ranks #246 in the TickerSutra evidence-ranked universe with a score of 68/100 and 95% data confidence. The latest captured fundamentals show ROCE of 34.6%, quarterly sales growth of -37.0% and quarterly profit growth of -18.8%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 34.6%
- Low debt/equity of 0×
- Strong CFO/EBITDA of 1.04×
- 52.1% three-year sales CAGR
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹98cr | ₹20cr | ₹17cr | 20.0% |
| 2023 | ₹60cr | ₹10cr | ₹9cr | 17.0% |
| 2024 | ₹106cr | ₹20cr | ₹19cr | 19.0% |
| 2025 | ₹148cr | ₹29cr | ₹25cr | 20.0% |
| 2026 | ₹211cr | ₹45cr | ₹36cr | 21.0% |
| TTM | ₹186cr | ₹41cr | ₹35cr | 22.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
Similarly, any material rejig of the government’s spending priorities could have a knock-on effect on the activities of the Company and consequently on its revenues. Also, your Company’s increasing exposure to international markets brings with it inherent risks like Foreign Currency Risk an d Interest Rate risk. In addition, there are various external risk factors like a prolonged slowdown in India and/or the global
Debtors turnover ratio of the Company improved to 9.80 times (FY 2024-25: 10.97 times) on account largely due to the combination of an increase in turnover together with a continued focus on recovering trade receivables. Inventory turnover ratio of the Company improved to 46.22 times (FY 2023-24: 39.23 times) primarily due to the combination of a relatively higher execution of short-dated projects combined with compl
SIKA has also been granted an Industrial License for Defence production from the Government of India, which enables it to undertake these projects. Additionally, the company also holds approval from the Directorate General of Aeronautical Quality Assurance (DGAQA). The Company has a professional and experienced team comprised of a variety of backgrounds to ensure that we focus on ensuring that products delivered are
72 40th Annual Report 2025-26 Sika Interplant Systems Limited Note 48- The expenditure incurred on Research and Development activities comprises of the following Particulars 2025-26 2024-25 Salaries & Wages 93.99 102.55 Plant & Machinery 4.25 3.05 Total 98.24 105.60 Note 49- A lease hold land was allotted by KIADB to the company in the year and the company for the years has incurred capital expenses on the same. The
Nature of industry As stated in the Management Discussion and Analysis ("MD&A") forming part of the Directors' Report annexed hereto. Date or expected date of commencement of Commercial Productions 20-12-1985 III. Financial performance As summarised in the Directors’ Report annexed hereto.
Members may note that the VC / OAVM Facility, provided by CDSL, allows participation of at least 1,000 Members on a first-come-first-served basis. Members holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship & Grievance Committee, Auditors, etc. can attend
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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