Sicagen India Limited (SICAGEN) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Sicagen India Limited stock ₹32.81, price ₹48.99, upside -33.0%, quality 64 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Sicagen India Limited
SICAGEN · BSEOvervalued / MonitorQuality is not strong enough to offset the price risk.
Our calculation puts a fair price 33% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.
How to read this chart
60‑month range ₹18.30 – ₹109.30 · fair‑value band ₹22.92 – ₹41.02 · the ₹48.99 price screens above the ₹32.81 fair value. Dashed = 300-day average. As of Oct 25, 2026.
Company profile
Sicagen India Limited, together with its subsidiaries, engages in the trade and distribution of building materials in India and internationally. It operates through Trading and Manufacturing segments.
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The company 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, paints and construction chemicals, lighting solutions, electrical accessories, switchgears, etc. for dealers, contractors, builders, and corporate buyers.
It also offers power and control systems that provides services, sales, and upgrades governing systems, as well as makes switchgears and customized solutions in automation and control sectors.
In addition, the company manufactures mild steel drums and barrels that are used for the transport of lubricant oil, hazardous and non-hazardous chemicals, bitumen, and fruit pulp; builds boats, tugs, and barges; and cables for industrial and other critical applications.
Further, it is involved in the provision of water treatment and process improvement solutions for petrochemical, fertilizer, refinery, power, pharmaceutical, agro, and pesticide industries; and precision fabrication of steel, carbon steel, mild steel, and aluminium; as well as property development activities.
The company was incorporated in 2004 and is based in Chennai, India.
Stock analysis
Sicagen India Limited (SICAGEN) currently trades at ₹48.99, while our model-based Fair Value estimate is ₹32.81, 33.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹139.49 per share, and 22 of the 26 models we run sit above the ₹48.99 price.
Bear case: the Dividend Discount group reads lowest at ₹12.49, and 4 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹22.92 (bear) to ₹41.02 (bull), the price of ₹48.99 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sicagen India Limited reported revenue of ₹9.7B in FY2025 versus ₹8.4B in FY2021, a compound +3.9%/yr. Reported net income was ₹181M in FY2025.
Key figures
Market cap ₹1.9B (≈ $20.4M) Micro · P/E ratio 9.5 · P/S ratio 0.21 · EPS (TTM) ₹5.17 · Dividend yield 2.0% · Net margin 1.9% · Return on equity 3.7% · Return on assets (EBIT) 3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −33%, SICAGEN screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
SICAGEN screens overvalued: fair value 33% below the price. Compare with Nucor Corporation →
Compare Sicagen India Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 401 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Baoshan Iron & Steel Co 600019 | ¥5.99 | ¥8.07 | +35% | vs SICAGEN |
| JSW Steel Limited JSWSTEEL | ₹1,223 | ₹1,095 | −10% | vs SICAGEN |
| Tata Steel Limited TATASTEEL | ₹172.45 | ₹148.06 | −14% | vs SICAGEN |
| ArcelorMittal S.A MT | €53.92 | €35.54 | −34% | vs SICAGEN |
| Steel Dynamics, Inc STLD | $247.97 | $140.62 | −43% | vs SICAGEN |
| POSCO Holdings PKX | $56.22 | $29.32 | −48% | vs SICAGEN |
| Reliance, Inc RS | $421.07 | $211.54 | −50% | vs SICAGEN |
| Jindal Steel Limited JINDALSTEL | ₹1,037 | ₹516.27 | −50% | vs SICAGEN |
| Nucor Corporation NUE | $264.54 | $116.49 | −56% | vs SICAGEN |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥2.08 | ¥0.5400 | −74% | vs SICAGEN |
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