Sigachi Laboratories Limited Shares Now Available At Planify

Sigachi is the industry leader in the field of Pharma Excipients, Nutra and Food ingredients. Sigachi was incorporated in the year 1994 and has rapidly established itself as one of the largest manufacturers of Pharmaceutical and Intermediary drugs. It is classified as a Non-Government company based in Hyderabad. With three facilities in India, in the states of Telangana and Gujarat, Sigachi has ensured supply chain reliability for its customers spread across the globe. Sigachi has its presence across 4 industries namely: Pharmaceutical Food & Nutraceutical Cosmetic Chemical Sigachi Laboratories Ltd. is listed on the Metropolitan Stock Exchange of India. Currently Sigachi has no plans to raise funds through an Initial Public Offering. Sigachi Share Price: Sigachi shares priced at Planify for Rs. 50 per share. Sigachi Laboratories witnessed a revenue growth of 123.49% in FY22, where it saw its total revenue increase from Rs. 1.73 Cr. in FY21 to Rs. 3.86 Cr. in FY22. Sigachi Limited’s Net profit has also seen a significant hike of 289.79% in FY22, seeing their net profit increase from 71 Lakhs in FY21 to 2.75 Cr. in FY22. Sigachi’s EPS has also seen a tremendous growth of 288.57% in FY22, from Rs. 1.05 per share in FY21 to Rs. 4.08 per share in FY22. This shows the confidence people have in the long term potential of the company and its products. The current ratio of the company has improved drastically from FY20, primarily due to increase in loans, advances, and other current assets of Rs. 17 Lakhs, whilst the total current liability decreased by Rs. 1 Lakh, leading to a higher multiple. The company has no interest or finance related cost for FY21. Peer Comparison: Sigachi Laboratories leads the segment in terms of Market Capitalization, with a Market cap. of 33.76 Cr. in 2021 in comparison to its closest competitor Ishita Drugs & Industries which stood at 15.00 Cr. Although Sigachi Laboratories trails behind Ishita Industries in P/B & P/E ratio. While Sigachi Industries stood at 1.45 in P/B, Ishita Industries stood at 1.69 in the same segment. Sigachi Industries stood at 12.25 in P/E, Ishita Drugs & Industries at 18.06 in P/E. Sigachi has performed marginally well in Return on Equity (RoE), where it stood at 11.81 when compared to Ishita Drugs and Industries which stood at 11.25. Although Sigachi has done much better in terms of Return on Capital Employed (RoCE) where it stood at 14.32 in comparison to Sigachi which trailed behind at 13.20.

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