Sicagen India Limited (SICAGEN) Fair Value & Analysis
Basic Materials · IN · Market cap ₹2.1B
Fair value as of: Aug 17, 2026
From 26 valuation models · updated 3 days ago
Fair value updated Aug 17, 2026, revised from ₹91.33 to ₹77.61 (−15.0%) since Aug 13, 2026.
A solid business, screening 39% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹58.21). The market is more pessimistic than our downside scenario.
- Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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 ₹58.21 – ₹97.01 · the ₹55.94 price screens below the ₹77.61 fair value. Dashed = 300-day average. As of Aug 17, 2026.
Analysis
Sicagen India Limited (SICAGEN) currently trades at ₹55.94, while our model-based Fair Value estimate is ₹77.61, implying the stock looks roughly 38.7% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials 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 ₹9.7B at a net margin of 1.9%. Revenue grew 10.4% year over year. It earns a return on equity of 3.7%. Net debt stands at ₹1.2B. Fundamentals as of Aug 17, 2026
Our scenario range runs from ₹58.21 (bear case) to ₹97.01 (bull case); at ₹55.94, 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 29% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 39%, SICAGEN 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.
All 26 models by family
Widest divergence: Growth DCF (₹124.67) versus Dividend Discount (₹14.53). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
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Peer Group
Steel · 384 stocks
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.
Valuation Multiples vs Steel median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
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.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| JSW Steel Limited JSWSTEEL | ₹1,269 | ₹1,140 | -10% |
| Tata Steel Limited TATASTEEL | ₹186.20 | ₹145.39 | -22% |
| China Steel Corporation 2002A | 37.25 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 325,000 KRW | 155,270 KRW | -52% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,838 ARS | +16% |
| Jindal Steel Limited JINDALSTEL | ₹1,112 | ₹516.27 | -54% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,894 | ₹771.10 | -59% |
| Gerdau S.A GGBN | 83.50 MXN | 39.22 MXN | -53% |
| Ternium S.A TXR | 17,780 ARS | 27,472 ARS | +55% |
| NMDC Limited NMDC | ₹85.00 | ₹112.98 | +33% |
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Frequently asked questions
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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.
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