---
title: "SIP Industries Ltd (523164) — Share Price, Financials & Analysis"
symbol: "523164"
company: "SIP Industries Ltd"
canonical: "https://tapetide.com/stocks/523164"
isin: "INE186B01017"
bse_code: "523164"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T19:39:29.548Z"
---

# SIP Industries Ltd (523164)

Canonical page: https://tapetide.com/stocks/523164

## Company

- **BSE Code:** 523164
- **ISIN:** INE186B01017
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sipindustries.in

## About

SIP Industries manufacture, import and distribute Municipal Casting, Utility Fittings, Joint Restraints and OEM Castings.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -86% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.02 | 0.08 | 0.11 | 0.05 | 0.06 | 0.02 | 0.23 | 0.06 | 0.54 | 0.06 | 0.06 | 0.03 |
| Operating Profit | -0.02 | -0.08 | -0.11 | -0.05 | -0.06 | -0.02 | -0.23 | -0.06 | -0.54 | -0.06 | -0.06 | -0.03 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.02 | -0.08 | -0.11 | -0.05 | -0.06 | -0.02 | -0.23 | -0.06 | -0.54 | -0.06 | -0.06 | -0.03 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.02 | -0.08 | -0.11 | -0.05 | -0.06 | -0.02 | -0.23 | -0.06 | -0.54 | -0.06 | -0.06 | -0.03 |
| EPS in Rs | -0.04 | -0.17 | -0.24 | -0.11 | -0.13 | -0.04 | -0.49 | -0.13 | -1.15 | -0.13 | -0.13 | -0.06 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2014 | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.22 | 0.28 | 0.16 | 0.17 | 0 | 0.07 | 0.23 | 0.29 | 0.72 | 0.69 |
| Operating Profit | -0.22 | -0.28 | -0.16 | -0.17 | 0 | -0.07 | -0.23 | -0.29 | -0.72 | -0.69 |
| OPM % | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0.63 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.26 | 0.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.48 | 0.26 | -0.16 | -0.17 | 0 | -0.07 | -0.23 | -0.29 | -0.72 | -0.69 |
| Tax % | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | — |
| Net Profit | -0.48 | 0.26 | -0.16 | -0.17 | 0 | -0.07 | -0.23 | -0.29 | -0.72 | -0.69 |
| EPS in Rs | -1.03 | 0.56 | -0.34 | -0.36 | 0 | -0.15 | -0.49 | -0.62 | -1.54 | -1.47 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 |
| Reserves | -3.77 | -4.25 | -3.99 | -4.15 | -4.32 | -5.07 | -4.78 | -5 | -5.29 | -6.01 |
| Borrowings | 0.99 | 1.18 | 0 | 0.08 | 0.24 | 0.42 | 0.1 | 0.3 | 0.46 | 0.55 |
| Other Liabilities | 0.28 | 1.49 | 1.24 | 1.25 | 1.26 | 0.09 | 0 | 0.02 | 0.15 | 0.78 |
| Total Liabilities | 2.18 | 3.1 | 1.93 | 1.86 | 1.86 | 0.12 | 0 | 0 | 0 | 0 |
| Fixed Assets | 1.48 | 1.22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.7 | 1.88 | 1.93 | 1.86 | 1.86 | 0.12 | 0 | 0 | 0 | 0 |
| Total Assets | 2.18 | 3.1 | 1.93 | 1.86 | 1.86 | 0.12 | 0 | 0 | 0 | 0 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.44 | -0.18 | 0.11 | -0.14 | -0.16 | 0 | 42.25 | -0.19 | 0 | 0 |
| Cash from Investing Activity | 0 | 0 | 1.13 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 |
| Cash from Financing Activity | 0.44 | 0.19 | -1.18 | 0.08 | 0.16 | 0 | -42.27 | 0.19 | 0 | 0 |
| Net Cash Flow | 0 | 0.01 | 0.05 | -0.06 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -0.44 | -0.18 | 1.24 | -0.14 | -0.16 | 0 | 42.27 | -0.19 | 0 | 0 |
| CFO/OP | 147 | 82 | -39 | 88 | 94 | — | -60357 | 83 | 0 | 0 |

### Ratios

| Item | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | — | — | — | — | — | — | — |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | — | — | — | — | — | — | — | — | — | — |
| Working Capital Days | — | — | — | — | — | — | — | — | — | — |
| ROCE % | -28.64 | -27.35 | 22.61 | -24.62 | -28.1 | — | -466.67 | — | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Jun 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 62.48% | 48.51% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 37.51% | 51.48% | 37.51% | 37.51% | 37.51% | 37.52% | 37.52% | 37.52% | 37.51% | 37.51% |
| No. of Shareholders | 4071 | 3903 | 3914 | 3917 | 4414 | 4745 | 4745 | 4696 | 4694 | 4694 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% | 62.48% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 37.52% | 37.52% | 37.52% | 37.52% | 37.52% | 37.52% | 37.52% | 37.52% | 37.52% | 37.51% | 37.51% | 37.51% |
| No. of Shareholders | 4745 | 4745 | 4745 | 4737 | 4734 | 4723 | 4696 | 4698 | 4695 | 4694 | 4694 | 4694 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 6 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 17.14 | Buy |
| EMA (10) | 17.16 | Buy |
| SMA (20) | 17.07 | Buy |
| EMA (20) | 17.06 | Buy |
| SMA (50) | 17.11 | Buy |
| EMA (50) | 16.91 | Buy |
| SMA (100) | 16.47 | Buy |
| EMA (100) | 16.43 | Buy |
| SMA (200) | 15.11 | Buy |
| EMA (200) | 16.38 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.5 | Neutral |
| MACD (12,26,9) | 0.1 | Buy |
| Stochastic (14,3,3) | 63.49 | Neutral |
| ADX (14) | 8.28 | Neutral |
| Williams %R (14) | -25.71 | Neutral |
| ATR (14) | 0.84 | High Volatility |
| ROC (12) | 2.17 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 64.65 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 May - Ms. Smriti Joy resigned as Company Secretary; Mr. Hamidh Khan appointed effective 6 May 2026. | [Board Meeting Outcome for Revised Outcome 6 May - Ms. Smriti Joy resigned as Company Secretary; Mr. Hamidh Khan appointed effective 6 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7e71f2f-ff20-455b-ae38-a02ee95a386a.pdf) |
| 6 May - Board noted Smriti Joy’s resignation and appointed Hamidh Khan as Company Secretary effective May 6, 2026. | [Appointment of Company Secretary and Compliance Officer 6 May - Board noted Smriti Joy’s resignation and appointed Hamidh Khan as Company Secretary effective May 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/48dde211-6956-4313-8980-31f734c7ef1d.pdf) |
| 6 May - Board noted Smriti Joy’s resignation and appointed Hamidh Khan as Company Secretary effective 6 May 2026. | [Board Meeting Outcome for Board Meeting Outcome For Appointment Of Company Secretary And Compliance Officer 6 May - Board noted Smriti Joy’s resignation and appointed Hamidh Khan as Company Secretary effective 6 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b100b2c-972d-40fe-8cf8-fd5f71b69e98.pdf) |
| 6 May - Board appointed Hamidh Khan as Company Secretary and Compliance Officer from May 6, 2026; noted Smriti Joy’s resignation. | [Appointment of Company Secretary and Compliance Officer 6 May - Board appointed Hamidh Khan as Company Secretary and Compliance Officer from May 6, 2026; noted Smriti Joy’s resignation.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c0a227b2-4c05-409c-aec9-dce066add7e8.pdf) |
| 31 Mar - Clarification filed; resignation letter of Company Secretary Smriti Joy effective 28 Feb 2026 now attached. | [Clarification To The Intimation Dated 28Th Feb 2026, Regarding Change In Management 31 Mar - Clarification filed; resignation letter of Company Secretary Smriti Joy effective 28 Feb 2026 now attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e906455-49fb-4592-b9bc-76c84c7d5db2.pdf) |
| 31 Jan - Appointed Mrs. Bageerathi (DIN 11406837) as Additional Non-Executive Director effective 1 Feb 2026; wife of CFO. | [Announcement under Regulation 30 (LODR)-Change in Management 31 Jan - Appointed Mrs. Bageerathi (DIN 11406837) as Additional Non-Executive Director effective 1 Feb 2026; wife of CFO.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b65c4d4-64b6-4151-be9a-1501e7f4c1c8.pdf) |
| 28 Feb - Ms. Smriti Joy resigned as Company Secretary and Compliance Officer effective closing hours 28 February 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 28 Feb - Ms. Smriti Joy resigned as Company Secretary and Compliance Officer effective closing hours 28 February 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/327e170b-722f-453d-9dea-0b8075bb5bd0.pdf) |
| 27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited financials; NSDL PAN freeze applied. | [Closure of Trading Window 27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited financials; NSDL PAN freeze applied.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db38fe98-28a4-418d-893e-23d7dc5a904f.pdf) |
| 16 Feb - Newspaper Publication of Unaudited Financial Results for the Quareter ended 31st December 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Newspaper Publication of Unaudited Financial Results for the Quareter ended 31st December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ece632fd-0980-4784-b447-f17447050b6c.pdf) |
| 15 Apr - Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr - Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a02b263-a656-4f3a-b142-4419aea3092f.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Board Meeting Outcome for The Board Meeting Held On 08Th September 2026 With Regard To Upcoming AGM.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf7a5cf4-d7e2-4dc0-b289-67b1792d6bcc.pdf) |
| 2026-09-08 | [General Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9704227f-056f-40bd-ba96-0711ab5cb783.pdf) |
| 2026-09-08 | [Notice Of The 36Th Annual General Meeting Of The Company To Be Held On 30Th September 2026 At 3:00 PM IST Through VC/OAVM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=752260e9-b10d-40c4-9a4c-3fb3ab418377.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1daf07e9-f4f3-4a82-9675-e509c0d14168.pdf) |
| 2026-09-08 | [Corporate Action Fixes Book Closure For The Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1eb495c4-6cbd-44b3-a338-4b537b5da8c2.pdf) |
| 2026-09-08 | [Board Meeting Intimation for Adoption Of Unaudited Financial Results For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ae45ae5-ad62-480e-8ef0-2a7d9b342710.pdf) |
| 2026-09-04 | [Board Meeting Intimation for Notice Of The 36Th Annual General Meeting Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f7cd341d-0bea-458d-9b5d-938f734b7fda.pdf) |
| 2026-07-24 | [Compliance Certificate Under Reg 74(5) Of SEBI (DP) Regulation 2018.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91a3c3cd-2443-4223-9f19-afccefdc0a37.pdf) |
| 2026-06-27 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec777f0c-7e1c-461b-9aee-a2369aff774b.pdf) |
| 2026-05-30 | [Newspaper Publication Of Audited Financial Results For The Quarter And Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b9d4056-0642-4a59-8114-8ffe7297faf8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_CMAHENDRA_2010_2011_09092011124040.zip) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/523164/5231640318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/523164/5231640317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/523164/5231640316.pdf) |
| from bse | [Financial Year 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/533304/5333040315.pdf) |
| from bse | [Financial Year 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/533304/5333040314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/523164/5231640913.pdf) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/533304/5333040313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/523164/5231640912.pdf) |
| from bse | [Financial Year 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/533304/5333040312.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:29.548Z.