---
title: "Siddhika Coatings Ltd (SIDDHIKA) — Share Price, Financials & Analysis"
symbol: "SIDDHIKA"
company: "Siddhika Coatings Ltd"
canonical: "https://tapetide.com/stocks/SIDDHIKA"
isin: "INE0A1E01018"
nse_symbol: "SIDDHIKA"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
market_cap_cr: 145.21
generated_at: "2026-09-13T19:17:32.335Z"
---

# Siddhika Coatings Ltd (SIDDHIKA)

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

## Company

- **NSE Symbol:** SIDDHIKA
- **ISIN:** INE0A1E01018
- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2021-04-07
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** siddhika.com

## About

Incorporated in 2010, Siddhika Coatings Ltd is in the business of paint contracting and selling of paint and allied products.[1]

## Latest Price

- **Price:** ₹235
- **Change:** +4.1 (+1.78%)
- **Open:** ₹235
- **Day High:** ₹235
- **Day Low:** ₹222
- **Previous Close:** ₹230.9
- **Volume:** 4000
- **As Of:** 2026-09-11T09:22:56+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:19.413289Z.

- **Market Cap:** ₹145.21 Cr
- **Classification:** SME
- **P/E (reported):** 13.7
- **Book Value:** ₹76.06
- **Price to Book:** 3.04
- **Dividend Yield:** 1.73%
- **ROE:** 22.11%
- **ROCE:** 28.72%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹59.3 Cr
- **Net Income:** ₹10.4 Cr
- **EBITDA:** ₹14 Cr
- **52-Week High:** ₹250
- **52-Week Low:** ₹180.65
- **RSI (14):** 58.1

## Tapetide Score

- **Score:** 67 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 98.2 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 86.06 | 9% |
| growth | 61.76 | 9% |
| momentum | 75.36 | 12% |
| ownership | 63.17 | 24% |
| quality | 75.74 | 22% |
| valuation | 57.18 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 62.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.5%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 97.29% | 123.93% | 120.79% |
| ebitda margin growth | 6.33% | 27.11% | 113.91% |
| net income growth | 22.35% | 40% | 62% |
| revenue growth | 14.48% | 19% | 27% |
| roce | -0.07% | 28.96% | 21.36% |
| roe | 0.09% | 20.12% | 204.13% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.77 | 10.81 | 8.67 | 11.72 | 13.94 | 18.27 | 16.03 | 20.79 | 23.67 | 24.36 | 27.24 | 27.65 |
| Expenses | 5.63 | 9.74 | 8.21 | 10.37 | 12.26 | 15.63 | 13.4 | 17.59 | 18.74 | 19.75 | 21.21 | 21.67 |
| Operating Profit | 0.14 | 1.07 | 0.46 | 1.35 | 1.68 | 2.64 | 2.63 | 3.2 | 4.93 | 4.61 | 6.03 | 5.98 |
| OPM % | 2.43 | 9.9 | 5.31 | 11.52 | 12.05 | 14.45 | 16.41 | 15.39 | 20.83 | 18.92 | 22.14 | 21.63 |
| Other Income | 0.11 | 0.07 | 0.08 | 0.28 | 0.18 | 0.33 | 0.25 | 0.48 | 0.68 | 0.65 | 0.52 | 0.78 |
| Interest | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0.06 | 0.08 | 0.06 | 0.08 | 0.09 | 0.1 | 0.09 | 0.1 | 0.11 | 0.16 | 0.14 | 0.2 |
| Profit before tax | 0.18 | 1.05 | 0.47 | 1.55 | 1.76 | 2.86 | 2.78 | 3.57 | 5.49 | 5.1 | 6.41 | 6.56 |
| Tax % | 27.78 | 27.62 | 25.53 | 18.06 | 23.3 | 23.78 | 24.82 | 33.89 | 21.86 | 26.67 | 25.12 | 22.87 |
| Net Profit | 0.13 | 0.77 | 0.34 | 1.27 | 1.35 | 2.17 | 2.08 | 2.36 | 4.29 | 3.74 | 4.8 | 5.06 |
| EPS in Rs | 0.29 | 1.71 | 0.55 | 2.05 | 2.18 | 3.5 | 3.35 | 3.81 | 6.94 | 6.05 | 7.77 | 8.19 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 22.87 | 21.26 | 31.14 | 29.34 | 16.53 | 20.35 | 32.21 | 36.81 | 48.01 | 54.9 |
| Expenses | 19.28 | 17.83 | 26.61 | 25.57 | 15.3 | 18.53 | 27.85 | 30.95 | 38.44 | 42.86 |
| Operating Profit | 3.59 | 3.43 | 4.53 | 3.77 | 1.23 | 1.82 | 4.36 | 5.86 | 9.57 | 12.04 |
| OPM % | 15.7 | 16.13 | 14.55 | 12.85 | 7.44 | 8.94 | 13.54 | 15.92 | 19.93 | 21.93 |
| Other Income | 0.09 | 0.15 | 0.26 | 0.27 | 0.18 | 0.36 | 0.51 | 0.73 | 1.33 | 1.3 |
| Interest | 0.05 | 0.04 | 0.05 | 0.05 | 0.03 | 0.02 | 0.06 | 0.05 | 0.04 | 0.03 |
| Depreciation | 0.16 | 0.12 | 0.14 | 0.16 | 0.14 | 0.14 | 0.19 | 0.19 | 0.27 | 0.34 |
| Profit before tax | 3.47 | 3.42 | 4.6 | 3.83 | 1.24 | 2.02 | 4.62 | 6.35 | 10.59 | 12.97 |
| Tax % | 33.14 | 27.49 | 27.39 | 25.33 | 26.61 | 19.8 | 23.81 | 29.92 | 24.17 | 24.06 |
| Net Profit | 2.32 | 2.48 | 3.34 | 2.87 | 0.9 | 1.61 | 3.52 | 4.44 | 8.03 | 9.86 |
| EPS in Rs | 46.4 | 49.6 | 66.8 | 6.38 | 2 | 2.6 | 5.68 | 7.16 | 13 | 15.96 |
| Dividend Payout % | 11.9 | 0 | 10.33 | 15.82 | 50.44 | 46.06 | 26.34 | 22.97 | 25.4 | 25.07 |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.23 | 0.23 | — | 2.27 | 2.27 | 3.09 | 3.09 | 3.09 | 6.18 | 6.18 |
| Reserves | 8.69 | 10.83 | — | 14.04 | 14.94 | 19.81 | 22.59 | 26.11 | 30.03 | 37.85 |
| Borrowings | 0.25 | 0.26 | — | 0.33 | 0.33 | 0.28 | 0 | 0 | 0 | 0 |
| Other Liabilities | 3.75 | 3.49 | — | 5.36 | 3.11 | 3.86 | 7.58 | 9.73 | 9.19 | 12.02 |
| Total Liabilities | 12.92 | 14.81 | — | 22 | 20.65 | 27.04 | 33.26 | 38.93 | 45.4 | 56.05 |
| Fixed Assets | 0.4 | 1.98 | — | 1.97 | 1.76 | 3.48 | 3.46 | 3.58 | 3.85 | 4.47 |
| CWIP | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2.92 | 1.45 | — | 2.41 | 4.93 | 5.48 | 8.35 | 13.6 | 18.22 | 22.49 |
| Other Assets | 9.6 | 11.38 | — | 17.62 | 13.96 | 18.08 | 21.45 | 21.75 | 23.33 | 29.09 |
| Total Assets | 12.92 | 14.81 | — | 22 | 20.65 | 27.04 | 33.26 | 38.93 | 45.4 | 56.05 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0.77 | — | 2.95 | 0.37 | 3.59 | 4.86 | 3.88 | 4.2 | 9.32 |
| Cash from Investing Activity | 0 | -0.06 | — | -1.1 | -2.3 | -2.12 | -2.7 | -4.95 | -4.01 | -4.3 |
| Cash from Financing Activity | 0 | -0.34 | — | -0.55 | -0.02 | 4.03 | -1.05 | -0.94 | -1.04 | -2.05 |
| Net Cash Flow | 0 | 0.36 | — | 1.31 | -1.94 | 5.5 | 1.1 | -2.01 | -0.85 | 2.98 |
| Free Cash Flow | 0 | 0.69 | — | 1.83 | 0.68 | 3.39 | 4.69 | 3.56 | 3.66 | 8.82 |
| CFO/OP | 0 | 50 | — | 104 | 56 | 226 | 138 | 99 | 70 | 106 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 51.55 | 61.29 | — | 65.81 | 101.13 | 57.22 | 50.09 | 65.35 | 27.83 | 41.82 |
| Inventory Days | 46.94 | 99.79 | — | 104.97 | 224.67 | 163.95 | 136.16 | 76.18 | 79.83 | 95.68 |
| Days Payable | 3.87 | 46.88 | — | 4.41 | 8.21 | 14.96 | 14.19 | 18.82 | 14.31 | 30.25 |
| Cash Conversion Cycle | 94.62 | 114.2 | — | 166.37 | 317.59 | 206.21 | 172.06 | 122.7 | 93.34 | 107.24 |
| Working Capital Days | 63.2 | 94.94 | — | 89.45 | 186.81 | 100.26 | 44.65 | 23.6 | 6.54 | 14.83 |
| ROCE % | 43.01 | 33.77 | — | — | 7.08 | 9.82 | 18.99 | 22.59 | 31.1 | 31.93 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 83.65% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.92% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 14.14% | 33.48% | 33.09% | 22.94% | 26.44% | 26.05% | 25.92% | 25.04% | 25.3% | 25.12% | 24.15% |
| Others | 2.21% | 3.43% | 3.82% | 13.97% | 10.47% | 10.86% | 11% | 11.87% | 11.61% | 11.79% | 11.84% |
| No. of Shareholders | 42 | 194 | 173 | 166 | 168 | 223 | 242 | 428 | 440 | 451 | 457 |

## 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 / 3 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 224.68 | Buy |
| EMA (10) | 225.85 | Buy |
| SMA (20) | 220.02 | Buy |
| EMA (20) | 222.09 | Buy |
| SMA (50) | 217.07 | Buy |
| EMA (50) | 218.12 | Buy |
| SMA (100) | 216.92 | Buy |
| EMA (100) | 215.37 | Buy |
| SMA (200) | 212.27 | Buy |
| EMA (200) | 208.69 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 60.39 | Neutral |
| MACD (12,26,9) | 4.07 | Buy |
| Stochastic (14,3,3) | 87.45 | Sell |
| ADX (14) | 12.94 | Neutral |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 6.95 | Neutral |
| ROC (12) | 8.8 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 71.82 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 November 2025 - Board approved H1 FY2026 unaudited results: consolidated revenue Rs3,050.00 Lacs, profit Rs512.78 Lacs. | [Outcome of Board Meeting 7 November 2025 - Board approved H1 FY2026 unaudited results: consolidated revenue Rs3,050.00 Lacs, profit Rs512.78 Lacs.](https://nsearchives.nseindia.com/corporate/Siddhika_07112025133902_FinancialResult30092025.pdf) |
| 6 November 2025 - EGM on Nov 6, 2025: Reappointments of Asha Mittal and Inderpal Singh approved; 99.36% votes in favour. | [Shareholders meeting 6 November 2025 - EGM on Nov 6, 2025: Reappointments of Asha Mittal and Inderpal Singh approved; 99.36% votes in favour.](https://nsearchives.nseindia.com/corporate/Siddhika_06112025173750_Votingresults.pdf) |
| 6 November 2025 - EGM on Nov 6, 2025: re-appointed Asha Mittal and Inderpal Singh as independent directors; resolutions passed. | [Shareholders meeting 6 November 2025 - EGM on Nov 6, 2025: re-appointed Asha Mittal and Inderpal Singh as independent directors; resolutions passed.](https://nsearchives.nseindia.com/corporate/Siddhika_06112025152247_Proceedings_of_EGM_S.pdf) |
| 6 Jul - Company submitted promoter disclosure under Regulation 31(4) of SEBI takeover rules. | [Disclosure under SEBI Takeover Regulations 6 Jul - Company submitted promoter disclosure under Regulation 31(4) of SEBI takeover rules.](https://nsearchives.nseindia.com/corporate/team_sandeshc_30062026115143_Disclosure1.pdf) |
| 6 January 2026 - RTA certificate confirming SEBI Reg.74(5) compliance for quarter ended 31 Dec 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - RTA certificate confirming SEBI Reg.74(5) compliance for quarter ended 31 Dec 2025.](https://nsearchives.nseindia.com/corporate/Siddhika_06012026122141_Disclosures_74_5_.pdf) |
| 17 October 2025 - EGM on November 6, 2025 at 2:00 PM via VC; advertisements published Oct 16, 2025. | [Copy of Newspaper Publication 17 October 2025 - EGM on November 6, 2025 at 2:00 PM via VC; advertisements published Oct 16, 2025.](https://nsearchives.nseindia.com/corporate/Siddhika_17102025171019_News_AD_S.pdf) |
| 17 June 2026 - Siddhika Coatings will hold its 16th AGM on July 11, 2026 at 2:00 PM via VC/OAVM. | [Copy of Newspaper Publication 17 June 2026 - Siddhika Coatings will hold its 16th AGM on July 11, 2026 at 2:00 PM via VC/OAVM.](https://nsearchives.nseindia.com/corporate/Siddhika_17062026174528_Newspaper_Publication.pdf) |
| 17 Jul - 16th AGM minutes filed; shareholders approved FY26 results, Rs 4 final dividend, auditors, related party and remuneration resolutions. | [Shareholders meeting 17 Jul - 16th AGM minutes filed; shareholders approved FY26 results, Rs 4 final dividend, auditors, related party and remuneration resolutions.](https://nsearchives.nseindia.com/corporate/Siddhika_17072026123607_Minutes_AGM_16th.pdf) |
| 16 May 2026 - No deviation in IPO fund utilisation for half year and FY ended March 31, 2026. | [Utilisation of Funds 16 May 2026 - No deviation in IPO fund utilisation for half year and FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/Siddhika_16052026160830_IPO_Utilization_Certificate.pdf) |
| 16 May 2026 - Board approved FY26 audited results and recommended Rs4 final dividend; auditors appointed; unmodified opinion. | [Outcome of Board Meeting 16 May 2026 - Board approved FY26 audited results and recommended Rs4 final dividend; auditors appointed; unmodified opinion.](https://nsearchives.nseindia.com/corporate/Siddhika_16052026150126_Outcome_of_BM.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29387_SIDDHIKA_2025_2026_A_2791472_13062026112107.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26515_SIDDHIKA_2024_2025_A_06062025143444.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24140_SIDDHIKA_2023_2024_1706202415212.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21995_SIDDHIKA_2022_2023_09062023102556_06092023110000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20044_SIDDHIKA_2021_2022_10062022124836_06102022130005.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_18717_SIDDHIKA_2020_2021_13082021115206_13082021130003.zip) |

---

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 2026-09-13T19:17:32.335Z.