---
title: "Sikko Industries Ltd (SIKKO) — Share Price, Financials & Analysis"
symbol: "SIKKO"
company: "Sikko Industries Ltd"
canonical: "https://tapetide.com/stocks/SIKKO"
isin: "INE112X01025"
nse_symbol: "SIKKO"
sector: "Commodities"
industry: "Fertilizers & Agrochemicals"
market_cap_cr: 241.55
generated_at: "2026-09-13T19:17:19.096Z"
---

# Sikko Industries Ltd (SIKKO)

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

## Company

- **NSE Symbol:** SIKKO
- **ISIN:** INE112X01025
- **Sector:** Commodities
- **Industry:** Fertilizers & Agrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2017-04-18
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** sikkoindia.com

## About

Sikko Industries Ltd is an Ahmedabad-based agro-input formulator and marketer focused on pesticides, fertilisers and seeds. It sells through distributors/dealers to farmers and has its disclosed operating unit at Iyava on the Sanand–Viramgam Highway.[1]

## Latest Price

- **Price:** ₹5.83
- **Change:** +0.27 (+4.86%)
- **Open:** ₹5.66
- **Day High:** ₹5.83
- **Day Low:** ₹5.38
- **Previous Close:** ₹5.56
- **Volume:** 760515
- **As Of:** 2026-09-11T09:59:49+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:43.227641Z.

- **Market Cap:** ₹241.55 Cr
- **Classification:** Microcap
- **P/E (reported):** 39.7
- **P/E (TTM):** 41.64
- **EPS (TTM):** ₹0.14
- **Book Value:** ₹1.98
- **Price to Book:** 2.81
- **Dividend Yield:** 2.7%
- **ROE:** 5.24%
- **ROCE:** 7.77%
- **Debt to Equity:** 0.14
- **Revenue (yearly):** ₹65.01 Cr
- **Net Income:** ₹4.82 Cr
- **EBITDA:** ₹6.35 Cr
- **52-Week High:** ₹136.63
- **52-Week Low:** ₹3.55
- **RSI (14):** 60.67

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 81.93 | 9% |
| growth | 36.66 | 9% |
| momentum | 83.57 | 12% |
| ownership | 40.71 | 24% |
| quality | 39.52 | 22% |
| valuation | 31.84 | 24% |

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

## Key Insights

### Weaknesses

- Stock is trading at 2.95 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of 7.24% over last 3 years.
- Company has high debtors of 202 days.
- Promoter holding has decreased over last 3 years: -16.5%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -111.79% | -112.29% |
| ebitda margin growth | 274.07% | -16.07% | -18.22% | — |
| net income growth | 255% | 12.09% | 21% | 14% |
| revenue growth | 50.85% | 4.02% | 10% | 11% |
| roce | -253.47% | -66.42% | -66.42% | — |
| roe | -255.72% | -64.06% | 9.91% | — |

## 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 | 18.85 | 13.58 | 14.27 | 15.88 | 15.32 | 11.7 | 18.85 | 18.1 | 19.2 | 16.72 | 10.99 | 17.69 |
| Expenses | 16.45 | 11.39 | 15.64 | 13.4 | 12.28 | 9.64 | 20.08 | 14.92 | 15.31 | 13.98 | 14.43 | 13.12 |
| Operating Profit | 2.4 | 2.19 | -1.37 | 2.48 | 3.04 | 2.06 | -1.23 | 3.18 | 3.89 | 2.74 | -3.44 | 4.57 |
| OPM % | 12.73 | 16.13 | -9.6 | 15.62 | 19.84 | 17.61 | -6.53 | 17.57 | 20.26 | 16.39 | -31.3 | 25.83 |
| Other Income | 0.01 | 0.02 | 3.36 | 0.04 | 0.05 | 0.02 | 0.65 | 0.04 | 0.03 | 0.55 | 0.77 | 0.09 |
| Interest | 0.14 | 0.19 | 0.27 | 0.04 | 0.11 | 0.08 | 0.15 | 0.06 | 0.09 | 0.3 | 0.38 | 0.24 |
| Depreciation | 0.12 | 0.19 | 0.3 | 0.17 | 0.17 | 0.17 | 0.18 | 0.14 | 0.14 | 0.14 | 0.21 | 0.24 |
| Profit before tax | 2.15 | 1.83 | 1.42 | 2.31 | 2.81 | 1.83 | -0.91 | 3.02 | 3.69 | 2.85 | -3.26 | 4.18 |
| Tax % | 25.12 | 28.42 | 53.52 | 24.68 | 24.91 | 28.96 | -4.4 | 27.81 | 22.76 | 27.02 | -38.34 | 25.12 |
| Net Profit | 1.62 | 1.31 | 0.65 | 1.75 | 2.1 | 1.3 | -0.88 | 2.18 | 2.85 | 2.07 | -2 | 3.13 |
| EPS in Rs | 0.04 | 0.03 | 0.01 | 0.04 | 0.05 | 0.03 | -0.02 | 0.05 | 0.07 | 0.05 | -0.05 | 0.07 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 25.54 | 25.51 | 30.49 | 38.84 | 50.51 | 49 | 60.24 | 61.3 | 65.01 | 64.6 |
| Expenses | 22.74 | 22.74 | 26.89 | 36.21 | 46.95 | 44.38 | 56.1 | 54.93 | 58.66 | 56.84 |
| Operating Profit | 2.8 | 2.77 | 3.6 | 2.63 | 3.56 | 4.62 | 4.14 | 6.37 | 6.35 | 7.76 |
| OPM % | 10.96 | 10.86 | 11.81 | 6.77 | 7.05 | 9.43 | 6.87 | 10.39 | 9.77 | 12.01 |
| Other Income | 0.62 | 1.18 | 1.08 | 1.91 | 0.22 | 0.46 | 3.42 | 0.75 | 1.4 | 1.44 |
| Interest | 0.21 | 0.57 | 0.57 | 0.29 | 0.54 | 0.44 | 0.79 | 0.4 | 0.82 | 1.01 |
| Depreciation | 0.71 | 0.84 | 0.7 | 0.6 | 0.63 | 0.59 | 0.72 | 0.69 | 0.63 | 0.73 |
| Profit before tax | 2.5 | 2.54 | 3.41 | 3.65 | 2.61 | 4.05 | 6.05 | 6.03 | 6.3 | 7.46 |
| Tax % | 53.2 | 20.87 | 28.74 | 29.32 | 27.97 | 28.64 | 33.06 | 29.35 | 18.89 | — |
| Net Profit | 1.18 | 2.01 | 2.44 | 2.6 | 1.88 | 2.89 | 4.06 | 4.27 | 5.11 | 6.05 |
| EPS in Rs | 0.03 | 0.05 | 0.06 | 0.06 | 0.04 | 0.07 | 0.09 | 0.1 | 0.12 | 0.14 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 8.72 | 0 | 0 | 0 | — |

### 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 | 4 | 5.6 | 5.6 | 5.6 | 11.2 | 11.2 | 16.8 | 16.8 | 21.84 | 43.68 |
| Reserves | 2.31 | 6.54 | 8.71 | 11.14 | 8.09 | 9.97 | 7.01 | 11.07 | 59.54 | 42.61 |
| Borrowings | 7.03 | 4.36 | 9.21 | 6.63 | 6.78 | 1.64 | 8.61 | 5.89 | 4.12 | 11.72 |
| Other Liabilities | 7.49 | 10.65 | 10.04 | 15.55 | 16.37 | 13.89 | 13.07 | 17.93 | 22.62 | 16.78 |
| Total Liabilities | 20.83 | 27.15 | 33.56 | 38.92 | 42.44 | 36.7 | 45.49 | 51.69 | 108.12 | 114.79 |
| Fixed Assets | 3.07 | 4.09 | 3.8 | 3.49 | 3.3 | 3.28 | 4.76 | 4.01 | 13.14 | 14.58 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0.36 | 1.3 | 7.74 | 5.53 |
| Other Assets | 17.76 | 23.06 | 29.76 | 35.43 | 39.14 | 33.42 | 40.37 | 46.38 | 87.24 | 94.68 |
| Total Assets | 20.83 | 27.15 | 33.56 | 38.92 | 42.44 | 36.7 | 45.49 | 51.69 | 108.12 | 114.79 |

### 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 | 1.09 | -2.93 | -0.61 | 0.68 | 0.24 | 6.36 | -4.05 | 2.1 | -31.13 | -7.3 |
| Cash from Investing Activity | -0.24 | -1.21 | -0.56 | -0.39 | -0.39 | -0.61 | -1.95 | 0.98 | -15.91 | 0.67 |
| Cash from Financing Activity | 1.66 | 1.68 | 4.29 | -3.11 | -0.14 | -5.69 | 6.28 | -3.49 | 47.09 | 6.81 |
| Net Cash Flow | 2.5 | -2.46 | 3.12 | -2.83 | -0.29 | 0.07 | 0.28 | -0.4 | 0.05 | 0.18 |
| Free Cash Flow | 0.85 | -4.15 | -1.16 | 0.29 | -0.16 | 5.75 | -6.01 | 4.26 | -40.94 | -9.34 |
| CFO/OP | 184 | -78 | 8 | 47 | 51 | 201 | -62 | 94 | -489 | -92 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 123.28 | 135.34 | 174.7 | 230.56 | 201.76 | 142.14 | 180.34 | 140.27 | 190.24 | 201.67 |
| Inventory Days | 176.16 | 196.56 | 207.57 | 209.18 | 132.11 | 68.69 | 91.57 | 93.17 | 118.11 | 155.49 |
| Days Payable | 195.81 | 164.24 | 129.25 | 192.47 | 117.37 | 53.92 | 62.67 | 54.47 | 83.55 | 25.58 |
| Cash Conversion Cycle | 103.63 | 167.66 | 253.03 | 247.28 | 216.5 | 156.91 | 209.24 | 178.97 | 224.79 | 331.58 |
| Working Capital Days | 11.04 | 124.91 | 110.17 | 156.7 | 149.8 | 131.37 | 148.16 | 146.63 | 366.96 | 373.53 |
| ROCE % | 10.67 | 18.16 | 15.54 | 16.98 | 15.94 | 12.89 | 16.26 | 13.84 | 10.72 | 7.76 |

## Shareholding Pattern

### 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 | 71.44% | 71.44% | 71.44% | 71.46% | 71.45% | 71.45% | 54.96% | 54.96% | 54.96% | 54.96% | 54.96% | 54.96% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 4.77% | 5.04% | 5.01% | 8.01% | 8.01% | 7.72% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.35% | 27.66% | 27.44% | 26.63% | 24.95% | 25.56% | 33.56% | 36.67% | 35.97% | 33.44% | 33.45% | 33.64% |
| Others | 2.21% | 0.9% | 1.12% | 1.91% | 3.59% | 2.99% | 6.7% | 3.32% | 4.05% | 3.58% | 3.57% | 3.68% |
| No. of Shareholders | 17015 | 19059 | 17783 | 16623 | 18554 | 18699 | 19968 | 19098 | 18399 | 27088 | 31174 | 32123 |

## 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) | 5.41 | Buy |
| EMA (10) | 5.49 | Buy |
| SMA (20) | 5.31 | Buy |
| EMA (20) | 5.38 | Buy |
| SMA (50) | 5.03 | Buy |
| EMA (50) | 5.1 | Buy |
| SMA (100) | 4.63 | Buy |
| EMA (100) | 4.86 | Buy |
| SMA (200) | 4.73 | Buy |
| EMA (200) | 4.66 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 67.27 | Neutral |
| MACD (12,26,9) | 0.14 | Buy |
| Stochastic (14,3,3) | 91.43 | Sell |
| ADX (14) | 21.38 | Neutral |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 0.31 | High Volatility |
| ROC (12) | 14.76 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 75.59 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SIKKO_04092026161042_Covering.pdf) |
| 2026-09-02 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/SIKKO_02092026192105_Covering_-_Notice.pdf) |
| 2026-08-12 | [Change in Director(s)](https://nsearchives.nseindia.com/corporate/SIKKO_12082026141407_Outcome.pdf) |
| 2026-08-12 | [Appointment](https://nsearchives.nseindia.com/corporate/SIKKO_12082026141159_Outcome.pdf) |
| 2026-08-12 | [Change in Management](https://nsearchives.nseindia.com/corporate/SIKKO_12082026141305_Outcome.pdf) |
| 2026-07-28 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/SIKKO_28072026120408_Covering.pdf) |
| 2026-07-11 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/SIKKO_11072026115051_Covering.pdf) |
| 2026-06-30 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_bbodade_12052026170142_SIKKO.pdf) |
| 2026-06-29 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_bbodade_12052026170633_SIKKO1.pdf) |
| 2026-06-25 | [Trading Window](https://nsearchives.nseindia.com/corporate/SIKKO_25062026120107_Closure_of_Trading_Window.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_12082026140628_Outcome.pdf) |
| 2026-05-23 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_23052026191946_Outcome.pdf) |
| 2026-05-23 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_23052026180441_Outcome.pdf) |
| 2026-03-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_07032026131009_Outcome.pdf) |
| 2026-02-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_07022026174457_Outcome_07-02-2026.pdf) |
| 2025-11-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_11112025171529_Outcome_11-11-2025.pdf) |
| 2025-10-18 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_18102025164342_Outcome_18-10-2025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_31151_SIKKO_2025_2026_A_7397647_02092026192416.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27819_SIKKO_2024_2025_A_2868853_28082025170010.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25023_SIKKO_2023_2024_20082024174126.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22739_SIKKO_2022_2023_12082023165527_08122023170000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21149_SIKKO_2021_2022_02092022222818_09032022070005.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 2026-09-13T19:17:19.096Z.