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Sikko Industries Limited (SIKKO) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.6B

SI Sikko Industries Limited SIKKO · NSE
Price₹5.45
Fair Value₹1.28
Upside-76.6%
Quality27/100
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Expensive Growth
Thin margins · 7.9% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 24/100
Evidence: High Range ₹1.18 – ₹1.60 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 4 days ago

Share price +32.9% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1.60). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹1,000,000 ₹0.7889 Fair Value ₹1.28 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹0.7889 – ₹1,000,000 · fair‑value band ₹1.18 – ₹1.60 · the ₹5.45 price screens above the ₹1.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sikko Industries Limited (SIKKO) currently trades at ₹5.45, while our model-based Fair Value estimate is ₹1.28, implying the stock looks roughly 76.6% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Sikko Industries Limited generated revenue of ₹650M at a net margin of 7.9%. Revenue declined 41.7% year over year. It earns a return on equity of 6.1%. Net debt stands at ₹114M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1.18 (bear case) to ₹1.60 (bull case); at ₹5.45, the current price sits above 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. For context, the median of 10 Basic Materials peers we cover trades at -17% fair-value upside, at -77%, SIKKO screens richer 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹1.45 ₹1.44 ₹1.33 76
ROIC Compounder ₹0.8100 ₹0.9200 ₹1.02 72
Gordon GGM ₹0.0400 ₹0.0800 ₹0.1100 70
All 17 models by family
DCF Models
Owner Earnings ₹0.8000 ₹1.33 ₹2.13 31
Earnings-Based
Graham-Dodd ₹0.7900 ₹3.60 ₹4.94 54
Lynch FV ₹0.9400 ₹1.35 ₹1.75 50
PEG = 1.0 ₹0.9400 ₹1.35 ₹1.75 46
EPV ₹0.8100 ₹0.9200 ₹1.02 59
Dividend Discount
Gordon GGM ₹0.0400 ₹0.0800 ₹0.1100 70
DDM Multi-Stage ₹0.0400 ₹0.0700 ₹0.0900 61
Multiples
P/E Multiple ₹1.49 ₹1.99 ₹2.48 63
P/S Multiple ₹1.49 ₹1.99 ₹2.48 58
P/B Multiple ₹1.49 ₹1.99 ₹2.48 55
EV/EBIT ₹1.35 ₹1.81 ₹2.27 53
EV/EBITDA ₹1.07 ₹1.43 ₹1.80 54
EV/Revenue ₹1.17 ₹1.68 ₹2.19 43
Asset-Based
NCAV (Graham) ₹0.9900 ₹1.32 ₹1.98 50
Economic Profit
Residual Income ₹1.45 ₹1.44 ₹1.33 76
ROIC Compounder ₹0.8100 ₹0.9200 ₹1.02 72
Growth Earnings
Growth-Adj P/E ₹1.36 ₹1.95 ₹2.53 68

Widest divergence: Growth Earnings (₹1.95) versus Dividend Discount (₹0.0700). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹650M
Revenue growth (YoY) -41.7%
Net margin 7.9%
Return on equity 6.1%
Free cash flow −₹99.4M FY2026
P/E ratio 45.4
More key figures
Operating margin -33.2%
EPS (TTM) ₹0.1200
EPS growth (YoY) +29.9%
Net debt ₹114M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 31 · Market factors (momentum, volatility) 52

Profitability 34
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

Sikko Industries Limited manufactures and trades in Pesticides, Bio Agrochemicals, NPK Fertilizers Products in India and internationally.

Full company description

Sikko Industries Limited manufactures and trades in Pesticides, Bio Agrochemicals, NPK Fertilizers Products in India and internationally. The company offers organic agro chemicals, including organic pesticides and fungicides, sticking agent, and organic plant growth promoters; agro chemicals, such as pesticides, fungicides, herbicides/weedicides, and plant growth regulators; insecticides, bio and organic larvicides, and bio miticides; and fertilizers comprising organic and chemical fertilizers, bio fertilizers, soil conditioners, and water-soluble and chelated fertilizers. It also provides field crops and vegetable seeds; manual, 2 in 1, and battery-operated sprayers; FMCG products comprising incense sticks, dish wash bars, detergent powders, utensil cleaners, lime scale and stain removers, detergent liquids, toilet and bathroom cleaners, glass and floor cleaners, liquid hand wash, dish wash liquids, and color fix products; household products, such as mosquito sprays, zinc, aluminium phosphide, bromadiolone, fipronil, and cypermethrin; and implements social welfare activities in various fields. The company exports a range of Agrochemicals, Organic Fertilizers, Vegetable Seeds and Commodity products to the United Arab Emirates, Zambia, Libya, Egypt, Nepal, Bangladesh, Tanzania, Uganda, Togo, Indonesia, Vietnam, Yemen, Malawi, Ivory Coast, and Kenya. The company was formerly known as Sikko Sprayers Limited and changed its name to Sikko Industries Limited in March 2010. Sikko Industries Limited was founded in 1997 and is based in Ahmedabad, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sikko Industries Limited reported revenue of ₹650M in FY2026 versus ₹508M in FY2022, a compound +6.4%/yr. Reported net income was ₹51.0M in FY2026, compounding +28.4%/yr from FY2022.

Growth Quality 51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹650M
Latest YoY
+5.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.9%
Avg. growth/yr (14Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.8%
Revenue +6.4%/yr
FY22 ₹508M
FY23 ₹495M
FY24 ₹613M
FY25 ₹617M
FY26 ₹650M
Net income +28.4%/yr
FY22 ₹18.8M
FY23 ₹28.9M
FY24 ₹40.6M
FY25 ₹42.7M
FY26 ₹51.0M

SIKKO screens 77% overvalued. Compare with Corteva, Inc →

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Cite: Fair Value Calculator (2026). "Sikko Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/SIKKO

Peer Group

Agricultural Inputs · 177 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.

Quality Score 27 · Bottom 25%
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) -33% · Bottom 25%
Revenue growth -42% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

P/E (TTM) 45.4× · Pricier than 75% of peers
P/B 1.91× · Pricier than median
P/S (TTM) 2.53× · Pricier than 75% of peers
EV/EBITDA 26.1× · Pricier than 75% of peers

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.

VALUE 0 · sector 24
FUTURE 0 · sector 41
PAST 24 · sector 24
HEALTH 99 · sector 97
DIVIDEND 3 · sector 41

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Corteva, Inc CTVA $76.22 $27.81 -64%
Nutrien Ltd NTR C$93.60 C$81.69 -13%
Qinghai Salt Lake Industry Co 000792 ¥27.65 ¥21.26 -23%
CF Industries Holdings CF $120.01 $161.00 +34%
SABIC Agri-Nutrients Company 2020 122.90 SAR 127.31 SAR +4%
Yara International ASA YAR kr 418.10 kr 67.25 -84%
Yunnan Yuntianhua Co 600096 ¥29.82 ¥42.12 +41%
Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 ¥45.86 ¥38.01 -17%
Coromandel International Limited COROMANDEL ₹2,089 ₹1,129 -46%
UPL Limited UPL ₹570.50 ₹387.06 -32%

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Frequently asked questions

Is Sikko Industries Limited (SIKKO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1.28 versus a price of ₹5.45, about −77% (overvalued).
What is the fair value of SIKKO?
Our model-based fair value for Sikko Industries Limited is ₹1.28 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹5.45.
What is the quality score of SIKKO?
Sikko Industries Limited has a Quality Score of 27/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sikko Industries Limited (SIKKO)?
Sikko Industries Limited reported trailing-twelve-month revenue of about ₹650M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SIKKO?
The net profit margin of Sikko Industries Limited is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.

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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