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Siddhika Coatings (SIDDHIKA)₹201.15+4.98%Paints
In the Mar 2026 quarter (consolidated), Siddhika Coatings reported sales of ₹28.02 Cr, up 11.9% from Mar 2025, and net profit of ₹5.01 Cr, up 24.9% year on year. For the year to Mar 2026, sales were ₹58.05 Cr and net profit ₹10.03 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 19.02 | 17.01 | 21.03 | 25.01 | 25.04 | 30.03 | 28.02 |
| Expenses | 15.98 | 13.99 | 17.97 | 19.99 | 19.98 | 23.96 | 21.96 |
| Operating Profit | 3.01 | 3.01 | 3.01 | 5.02 | 5.01 | 6.02 | 6.01 |
| OPM % | 14.0% | 18.0% | 16.0% | 21.0% | 19.0% | 22.0% | 22.0% |
| Other Income | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 3.01 | 3.01 | 4.01 | 6.01 | 4.99 | 7.01 | 6.99 |
| Tax % | 25.1% | 25.1% | 32.1% | 22.1% | 26.0% | 25.1% | 23.1% |
| Net Profit | 2.01 | 2.01 | 3.01 | 4.01 | 4.01 | 5.02 | 5.01 |
| EPS (Rs) | 3.64 | 3.75 | 4.40 | 7.30 | 6.53 | 8.32 | 8.53 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 32.01 | 30.01 | 17.01 | 21.02 | 34.03 | 38.06 | 50.07 | 58.05 |
| Expenses | 26.96 | 25.98 | 15.99 | 18.96 | 28.96 | 31.95 | 39.96 | 44.92 |
| Operating Profit | 5.01 | 4.01 | 1.01 | 2.01 | 5.01 | 6.01 | 10.03 | 13.02 |
| OPM % | 15.0% | 13.0% | 8.0% | 10.0% | 14.0% | 16.0% | 20.0% | 22.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 4.99 | 4.01 | 1.01 | 1.99 | 5.01 | 7.01 | 10.99 | 13.99 |
| Tax % | 28.0% | 28.1% | 27.1% | 21.0% | 24.1% | 29.1% | 24.0% | 24.1% |
| Exceptional items | 0.05 | 0.11 | 0.04 | 0.02 | −0.04 | 0.32 | 0.69 | 0.27 |
| Net Profit | 4.01 | 3.01 | 1.01 | 2.01 | 4.01 | 5.01 | 9.03 | 10.03 |
| EPS (Rs) | 70.43 | 6.60 | 2.34 | 2.82 | 6.09 | 8.13 | 13.85 | 16.86 |
| Dividend payout % | 10.0% | 15.1% | 43.1% | 43.0% | 25.0% | 20.0% | 24.0% | 24.1% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.23 | 2.00 | 2.00 | 3.01 | 3.00 | 3.00 | 6.00 | 6.00 |
| Reserves | 14.03 | 15.04 | 16.03 | 21.04 | 24.02 | 28.02 | 31.98 | 41.01 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 6.03 | 6.03 | 3.02 | 4.01 | 8.04 | 10.05 | 10.05 | 13.07 |
| Total Liabilities | 21.06 | 23.07 | 22.05 | 28.06 | 35.06 | 41.07 | 48.03 | 60.08 |
| Fixed Assets | 1.01 | 1.01 | 2.01 | 3.01 | 3.01 | 4.01 | 4.01 | 4.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.99 | 3.99 | 4.99 | 5.99 | 8.99 | 14.97 | 19.96 | 23.97 |
| Other Assets | 18.06 | 18.07 | 14.05 | 19.06 | 22.06 | 23.09 | 25.06 | 31.10 |
| Inventories | 2.91 | 2.66 | 3.05 | 2.79 | 4.57 | 2.77 | 2.99 | 4.01 |
| Trade receivables | 5.57 | 5.44 | 4.87 | 3.13 | 4.43 | 6.57 | 3.66 | 6.85 |
| Cash & equivalents | 3.35 | 4.10 | 2.10 | 8.21 | 9.29 | 7.49 | 6.93 | 9.65 |
| Total Assets | 21.06 | 23.07 | 22.05 | 28.06 | 35.06 | 41.07 | 48.03 | 60.08 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 3.01 | 0.00 | 4.01 | 5.01 | 4.01 | 5.01 | 9.02 |
| Cash from investing activity | −2.01 | −2.01 | −2.01 | −2.99 | −5.01 | −4.01 | −5.01 |
| Cash from financing activity | −1.01 | 0.00 | 4.01 | −1.01 | −1.01 | −1.01 | −2.01 |
| Net cash flow | 0.99 | −1.99 | 5.99 | 0.99 | −1.99 | −0.99 | 2.99 |
| Capex | 0.15 | 0.08 | 0.35 | 0.16 | 0.33 | 0.55 | 0.54 |
| Free cash flow | 2.99 | 0.99 | 3.99 | 4.99 | 3.99 | 3.99 | 8.98 |
| CFO / OP % | 111.1% | 50.1% | 243.1% | 127.1% | 100.1% | 74.1% | 102.1% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 64 | 66 | 104 | 55 | 48 | 63 | 27 | 43 |
| Inventory days | 102 | 105 | 226 | 165 | 134 | 79 | 79 | 94 |
| Days payable | 14 | 5 | 8 | 15 | 14 | 19 | 14 | 32 |
| Cash conversion cycle | 155 | 168 | 324 | 207 | 171 | 125 | 94 | 107 |
| Working capital days | 96 | 99 | 188 | 94 | 41 | 23 | 5 | 16 |
| ROCE % | — | 25.1% | 8.0% | 10.1% | 20.1% | 23.1% | 31.1% | 32.1% |
For the Mar 2026 quarter, Siddhika Coatings reported sales of ₹28.02 Cr, up 11.9% year on year and net profit of ₹5.01 Cr, up 24.9% year on year. The operating margin was 22.0%.
Siddhika Coatings' sales for the year to Mar 2026 were ₹58.05 Cr.
Net profit for the year to Mar 2026 was ₹10.03 Cr. Earnings per share over the same trailing period were ₹16.86.
Siddhika Coatings reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹9.65 Cr.
Cash from operations was ₹9.02 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹8.98 Cr.