Sicagen India Limited (533014) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹434M

A solid business, screening 68% undervalued on our models.

What matters now

• The price is below even our cautious bear case (₹61.97). The market is more pessimistic than our downside scenario.
• Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
• A fairly wide model range (₹61.97 to ₹119.87) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range ₹13.50 – ₹111.28 · fair‑value band ₹61.97 – ₹119.87 · the ₹54.98 price screens below the ₹92.58 fair value. Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

Sicagen India Limited (533014) currently trades at ₹54.98, while our model-based Fair Value estimate is ₹92.58, implying the stock looks roughly 68.4% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Industrial Goods sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Sicagen India Limited generated revenue of ₹5.9B at a net margin of -0.4%. Revenue declined 66.6% year over year. Net debt stands at ₹1.2B. The stock trades on a trailing P/E of 12.8 (as of Jul 4, 2026). Fundamentals as of Aug 17, 2026

Our scenario range runs from ₹61.97 (bear case) to ₹119.87 (bull case); at ₹54.98, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -16% fair-value upside, at 68%, 533014 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (₹115.84) versus Dividend Discount (₹11.84). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Sicagen India Limited trades in and distributes building materials in India and internationally. It operates through Trading and Manufacturing segments.

Full company description

Sicagen India Limited trades in and distributes building materials in India and internationally. It operates through Trading and Manufacturing segments. The company offers building materials, such as MS/GI pipes, precision tubes, structural tubes, seamless tubes, ERW tubes, rectangular/square hollow sections, steel fittings, PVC pipes, UPVC pipes, roofing sheets, electrical cables, switchgears, cement, etc., as well as construction steel, including TMT steel rebars. It also provides mechanical governor services, servicing for actuators, field services, and conversion of mechanical and electronic governing systems; and manufactures drums and barrels that are used for the transport of lubricant oil, hazardous and non-hazardous chemicals, bitumen, and fruit pulp. In addition, the company offers water treatment and process enhancement solutions for petrochemical, fertilizer, refinery, power, pharmaceutical, agro, and pesticide industries; builds boats, tugs, and barges; manufactures cables for industrial and other critical applications; and engages in the precision fabrication of steel, carbon steel, mild steel, and aluminum. It serves dealers, contractors, builders, and corporate buyers. The company was incorporated in 2004 and is based in Chennai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sicagen India Limited reported revenue of ₹9.7B in FY2026 versus ₹8.4B in FY2022, a compound +3.9%/yr. Reported net income was ₹181M in FY2026.

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Peer Group

Industrials · 5383 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “General Building Materials” was too small, so the broader sector is used.)

Valuation Multiples vs Industrials median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.