Market Cap.: ₹ 104 Cr.
Current Price: ₹ 26
Book Value: ₹ 122.29
Stock P/E: 21.6
Dividend Yield: 2.50%
Face Value: ₹ 10.00
http://sicagen.com/
52 Week High/Low: ₹ 30.70 / 15.45
Sicagen India Ltd is India's leading provider of trading and
marketing services for construction-related industrial and retail
infrastructure. The company in engaged in the trading of building materials,
such as mild steel (MS)/galvanized iron (GI) pipes, precision tubes, seamless
tubes, rectangular/square hollow sections, construction steel including thermo
mechanically treated (TMT) steel rebars, polyvinyl chloride (PVC) pipes,
electrical cables, steel fittings and cement. They sell their building materials
to dealers, contractors, builders, and corporate buyers; and commercial
vehicles to corporates, retail vendors, and high income individuals. The
company operates dealership of commercial vehicles for Tata Motors, ranging
from the 0.75-ton Tata Ace to Tata Novus, with showrooms in Chennai and
Tiruchirapalli, covering 11 districts of Tamil Nadu, India. In addition, they
provides governor services; travel-related and cargo services; and water
treatment and process improvement solutions. Further, the company builds
passenger and cargo vessels, boats, tugs, and barges. Sicagen India Ltd was
incorporated on June 11, 2004 as a public limited company. As per the scheme of
arrangement, the Trading, Services and Coffee Plantation undertakings of Sical
Logistics Ltd with all the assets and liabilities relating to these
undertakings were de-merged and transferred to the company with effect from
October 1, 2006. Also, South India House Estates & Properties Ltd became a
wholly owned subsidiary company pursuant to the scheme of arrangement. During
the year 2008-09, the company entered into a distribution arrangement with IMI
Norgren Herion (P) Ltd, Noida for marketing of Norgren products such as
cylinders, scoop tube actuators, solenoid valves, pneumatic accessories etc to
State Electricity Boards and Captive Power Plants in 10 States. Thy acquired
Speciality Chemicals during the year, which had their chemical plant is located
at Pondicherry and produces eco-friendly speciality chemicals such as water
treatment chemicals, radiator coolants etc. During the year, the company
entered into a business transfer agreement for acquiring the drums
manufacturing business located at Minjur, Chennai. This division manufactures
Plain/Epoxy lacquer coated industrial type MS barrels. Also, they hived off
their wind mill operations and coffee estates during the year. The company
increased the existing shareholding in SDB Cisco India Ltd and thus SDB Cisco
(India) Ltd and their subsidiary Modern Protection & Investigations Ltd
became subsidiaries of the company with effect from March 28, 2009. During the
year 2009-10, the Building Materials division obtained Super Stockistship from
Tulsyan NEC Ltd to market TMT rebars in the Union territory of Pondicherry
& South Arcot District of Tamilnadu and Stockistship from Dalmia Cements
Bharat Ltd and Madras Cements Ltd to deal in different grades of cement. This
division also bagged the dealership from SAIL for four more locations namely
Secunderabad, Salem, Erode and Palakkad. Also, they obtained distributorship
for Zenith Pipes in Karnataka and distributorship for Zuari Cements in
Tamilnadu. During the year, the company set up one Woodward Authorized service
facility at New Delhi. The Drums & Barrels division bagged an order from
BPCL for supply of 20 gauge plain barrels. Also, they hived of their travel
business during the year. In August 2010, the company sold their investment
held in the subsidiary, SDB Cisco (India) Ltd to Innovative Salary Services and
Payroll Advisory Pvt Ltd. The company is acquired Singapore-based Wilson Cables
Pvt Ltd. The acquisition will help the company to enter into the Singapore
market. Recently acquired Danish steel in 2016.
We See 100% UPSIDE from current Price in 4-6 Months
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