Sikko Industries Ltd(SIKKO) closes at ₹118.90 with
a Gain of +5.0% on
on 09-September-2022 with formation of a Long
Head Candle on Daily Price Chart.
About the Company : Sikko Industries Limited is one of
the leading Manufacturer and Supplier of Organic Agricultural Pesticides,
Fungicides, Bio Fungicides, Plant Growth Promoters, NPK Fertilizers,
Weedicides, HDPE Bottles and Flexible Pouches.Sector Update : Positive
Refinitiv
Average Score : 05/ 10
Financials : Sikko Industries Ltd(SIKKO) has posted Net Sales / Revenue of ₹51.03 Cr & Net Profit
of ₹1.88 Cr in FY2022 and expected to post Net Sales /
Revenue of ₹58.02Cr & Net Profit of ₹5.68 Cr in FY2023 .
Valuations :
The Company is now Trading at X1.80 of
its valuations
of FY2022 (Last 4 Quarters ) earnings with ~80% premium ; at
X1.68 of its FY2023 earnings with ~68% Premium .
EPS will improve from 1.68 in
FY2022 to 5.08 in FY2023 .
Early Trend : Cos.
Is entering into manufacture, formulate, process, develop, refine, import,
export, wholesale and/or retail trade all kinds of pharmaceuticals, surgical
with surgical instruments, antibiotics, drugs, medicines, biologicals, nutraceuticals,
healthcare, Ayurvedic and dietary supplement products, medicinal preparations, vaccines,
chemicals, chemical products, dry salters, mineral waters, wines, cordials,
liquors,soups, broths and other restoratives or foods and also to deal in
medicinal goods such as surgical instruments,
contraceptives,
photographic goods, oils, perfumes, cosmetics, patent medicines, soaps,
artificial limbs, hospital requisites, proprietary medicines, veterinary
medicines and tinctures extracts and to carry on the business of vialling,
bottling, repacking, processing of tablets, capsules, syrups, injections,
ointments, etc. and also to carry on the business of chemists, druggists,
buyers, sellers, agents, distributors and stockists of all kinds of
pharmaceuticals and allied products.
Web Address : https://sikkoindia.com/
Margin of Safety (1Yr
Bond Yield: Value>1 ) is now 0.60 which makes
is attractive after 40% decline .The Equity Value Per Share ( Enterprise Value
Method ) is ₹118.70
If We factor its FY2023/24
earnings/valuations, its Price arrives at ₹161.
Disclaimer
: We are / may going to take exposure shortly.
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