Sikko Industries Limited (SIKKO)
₹5.92 -2.15% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sikko Industries' revenue was ₹17.7 Cr (-2.3% year on year, +61.0% on the previous quarter), and net profit ₹3.1 Cr (+43.6% year on year); the operating margin was 25.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹17.7 | -2.3% | +61.0% |
| Operating profit | ₹4.6 | +43.6% | from loss |
| Net profit | ₹3.1 | +43.6% | from loss |
| EPS (₹) | 0.07 | +40.0% | from loss |
| Operating margin | 25.8% | — | — |
EPS restated for the ₹10 to ₹1 split of Nov 2025 and the 1:1 bonus of Dec 2025: Q1 FY26 ₹1.00 to ₹0.05.
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📢 Recent Corporate Announcements
Sikko Industries has signed a Memorandum of Understanding (MoU) with Operation Wealth Creation (OWC), a Presidential initiative of the Government of Uganda, to supply Organic Fertilizer Granules over three years. The total indicative three-year programme covers 1,65,500 MT valued at USD 22,997,880 (approx. ₹190+ Cr at current FX), against Sikko's TTM revenue of ₹65 Cr. Year 1 delivery is slated at 50,000 MT at a firm rate of USD 138.96 per MT ($6.95M or ~₹58 Cr), nearly equivalent to its entire annual revenue base. Payment terms contemplate a 50% advance before production and 50% via irrevocable sight letter of credit, conditional on annual contract approvals.
- Three-year total indicative quantity of 1,65,500 MT valued at USD 22,997,880.00
- Year 1 commitment stands at 50,000 MT at a firm price of USD 138.96 per MT (USD 6,948,000.00)
- Indicative quantities for Year 2 and Year 3 are 55,000 MT (USD 7,642,800.00) and 60,500 MT (USD 8,407,080.00) subject to annual review
- Payment mechanism specifies 50% advance before production and 50% via irrevocable Letter of Credit at sight against Bill of Lading
Sikko Industries Limited submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Purva Sharegistry (India) Private Limited, confirms that securities received for dematerialisation during the period were processed and mutilated as required. This is a standard quarterly administrative filing with no impact on business operations or financials.
- Compliance certificate submitted for the quarter ended September 30, 2026
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Certificate provided by RTA Purva Sharegistry (India) Private Limited dated October 1, 2026
- Covers dematerialisation activities from July 1, 2026 to September 30, 2026
Sikko Industries Limited has issued the notice for its 26th Annual General Meeting (AGM) scheduled for September 26, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 audited financial statements and the re-appointment of Mr. Jayantibhai Mohanbhai Kumbhani as Managing Director and Mr. Ghanshyam Mohanbhai Kumbhani as Chairman & Whole-Time Director, each for a 5-year term starting October 01, 2026. The cut-off date to determine e-voting eligibility has been set for September 19, 2026.
- 26th AGM scheduled for Saturday, September 26, 2026, at 11:00 AM IST via Video Conferencing
- Cut-off date for remote e-voting fixed as Saturday, September 19, 2026
- Proposed 5-year re-appointment of Managing Director Jayantibhai Kumbhani w.e.f. October 01, 2026 (last drawn remuneration ₹120.00 Lakhs)
- Proposed 5-year re-appointment of Chairman & Whole-Time Director Ghanshyam Kumbhani w.e.f. October 01, 2026 (last drawn remuneration ₹120.00 Lakhs)
Sikko Industries reported a severe 90.2% YoY decline in Q1 FY27 revenue, falling to Rs 1.77 Cr from Rs 18.10 Cr in Q1 FY26. Despite the top-line collapse, the company reported a net profit of Rs 3.13 Cr, though the financial table shows mathematical discrepancies between reported expenses and profit. The board approved the re-appointment of the Managing Director, Chairman, and an Executive Director for new five-year terms starting October 2026. Additionally, M/s. Ashok K. Bhatt & Co. was appointed as the Internal Auditor for FY 2026-27.
- Revenue from operations plummeted 90.2% YoY to Rs 1.77 Cr from Rs 18.10 Cr.
- Reported Net Profit of Rs 3.13 Cr for Q1 FY27, up from Rs 2.18 Cr in the previous year's quarter.
- Re-appointment of Jayantibhai Kumbhani as Managing Director for 5 years effective October 1, 2026.
- Re-appointment of Ghanshyam Kumbhani as Chairman and Whole-Time Director for 5 years.
- Inventory adjustments showed a credit of Rs 2.71 Cr, significantly impacting the reported bottom line.
Sikko Industries reported a 43.5% YoY increase in standalone net profit to ₹3.13 Cr for Q1 FY27, despite a marginal 2.3% decline in revenue to ₹17.69 Cr. The Board approved the re-appointment of the Managing Director, Chairman, and an Executive Director for new 5-year terms starting October 2026, ensuring leadership continuity. Additionally, the company appointed M/s. Ashok K. Bhatt & Co. as internal auditors for FY 2026-27. With a market cap of just ₹13 Cr, the quarterly profit represents a significant portion of the company's total valuation.
- Net Profit for Q1 FY27 rose to ₹3.13 Cr from ₹2.18 Cr in the same quarter last year, a 43.5% increase.
- Revenue from operations stood at ₹17.69 Cr for the quarter ended June 30, 2026, compared to ₹18.10 Cr YoY.
- Managing Director Jayantibhai Kumbhani re-appointed for a 5-year term effective October 1, 2026.
- Earnings Per Share (EPS) improved to ₹0.07 from ₹0.05 in the corresponding previous quarter.
- Internal Auditor M/s. Ashok K. Bhatt & Co. appointed for the financial year 2026-27.
Sikko Industries reported a sharp decline in its Q1 FY27 performance, with revenue from operations falling to ₹1.77 Cr from ₹18.10 Cr in the same quarter last year. Net profit for the quarter stood at ₹0.31 Cr, a significant drop from ₹2.18 Cr in Q1 FY26. Alongside results, the board approved the re-appointment of the core promoter management team, including the Managing Director and Chairman, for five-year terms starting October 2026. The company maintains a low debt-to-equity ratio of 0.14, but the sudden contraction in quarterly scale is a key concern.
- Revenue from operations contracted by approximately 90% YoY to ₹1.77 Cr in Q1 FY27.
- Net profit for the quarter ended June 30, 2026, fell to ₹0.31 Cr from ₹2.18 Cr YoY.
- Managing Director Jayantibhai Kumbhani re-appointed for a 5-year term effective October 1, 2026.
- Chairman Ghanshyam Kumbhani re-appointed for 5 years, bringing 41 years of agricultural field experience.
- M/s. Ashok K. Bhatt & Co. appointed as Internal Auditor for the financial year 2026-27.
Sikko Industries reported a standalone net profit of ₹3.13 Cr for the quarter ended June 30, 2026, marking a 43.6% increase from ₹2.18 Cr in the same period last year. Revenue from operations remained relatively flat at ₹17.69 Cr compared to ₹18.10 Cr YoY, suggesting improved operational efficiency as total expenses fell by 10%. The board also approved the re-appointment of three key promoter-directors, including the Managing Director and Chairman, for five-year terms starting October 2026. The company maintains a strong liquidity position with a current ratio of 3.43.
- Net profit grew 43.6% YoY to ₹3.13 Cr in Q1 FY27 from ₹2.18 Cr in Q1 FY26.
- Revenue from operations stood at ₹17.69 Cr, contributing approximately 27% of the TTM revenue of ₹65 Cr.
- Total expenses decreased to ₹13.60 Cr from ₹15.13 Cr in the corresponding quarter of the previous year.
- Earnings Per Share (EPS) increased to ₹0.07 from ₹0.05 YoY.
- Re-appointment of MD Jayantibhai Kumbhani and Chairman Ghanshyam Kumbhani for 5-year terms effective October 1, 2026.
Sikko Industries Limited has filed its Reconciliation of Share Capital Audit Report for the quarter ended June 30, 2026. This is a mandatory regulatory filing under Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018. The report, certified by US ALAP & CO. LLP, confirms that the company's share capital records across NSDL, CDSL, and physical modes are in agreement. No discrepancies or issues were noted in the provided document extract.
- Audit report covers the specific quarter ended June 30, 2026
- ISIN INE112X01023 confirmed for the company's equity shares
- Purva Sharegistry (India) Private Limited acted as the Registrar and Share Transfer Agent
- Audit conducted by US ALAP & CO. LLP, Ahmedabad
Sikko Industries Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended June 30, 2026, confirming the processing of share dematerialization requests. The company's RTA, Purva Sharegistry (India) Private Limited, verified that physical certificates were cancelled and the register of members was updated. This is a standard procedural filing to ensure that the electronic record of shareholders is accurate and compliant with SEBI norms.
- Compliance for the quarter ended June 30, 2026
- Confirmation from RTA Purva Sharegistry (India) Private Limited
- Verification and cancellation of physical share certificates within prescribed timelines
- Filing submitted on July 11, 2026
Sikko Industries Limited has announced the closure of its trading window for all designated persons and insiders starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming announcement of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated financial results. This is a standard regulatory procedure followed by listed companies prior to earnings releases.
- Trading window closure commences on Wednesday, July 01, 2026.
- The closure pertains to the Unaudited standalone and consolidated Financial Results for the quarter ended June 30, 2026.
- Trading restriction will be lifted 48 hours after the official publication of the financial results.
- The notice applies to all Designated Persons and insiders as per the Company's Code of Conduct and SEBI regulations.
Sikko Industries reported a steady annual performance for FY26 with a net profit of ₹510.58 lakhs, up from ₹427.10 lakhs in FY25. However, the fourth quarter was weak, showing a net loss of ₹199.81 lakhs compared to a loss of ₹87.69 lakhs in the year-ago period. Annual revenue from operations saw a modest growth of 5.3%, reaching ₹6,501.20 lakhs. The company also completed a 1:10 stock split and a 1:1 bonus issue during the fiscal year, which has adjusted the equity base significantly.
- Full-year Net Profit increased by 19.5% YoY to ₹510.58 lakhs.
- Annual Revenue from Operations grew to ₹6,501.20 lakhs from ₹6,174.80 lakhs in FY25.
- Q4 FY26 Net Loss widened to ₹199.81 lakhs vs a loss of ₹87.69 lakhs in Q4 FY25.
- Finance costs for the full year surged to ₹82.18 lakhs from ₹37.60 lakhs in the previous year.
- Equity share capital increased to ₹4,368.00 lakhs following a 1:10 stock split and 1:1 bonus issue.
Sikko Industries reported a 19.5% year-on-year growth in annual net profit to ₹510.58 lakhs for FY26, up from ₹427.10 lakhs in FY25. Annual revenue from operations saw a modest increase of 5.3%, reaching ₹6,501.20 lakhs. However, the company faced a challenging fourth quarter, reporting a net loss of ₹199.81 lakhs compared to a loss of ₹87.69 lakhs in the same period last year. The company also underwent a stock split and a 1:1 bonus issue during the financial year, significantly expanding its equity base.
- Annual Net Profit increased by 19.5% YoY to ₹510.58 lakhs in FY26.
- Full-year Revenue from Operations grew 5.3% to ₹6,501.20 lakhs from ₹6,174.80 lakhs.
- Q4 FY26 recorded a net loss of ₹199.81 lakhs, significantly higher than the ₹87.69 lakhs loss in Q4 FY25.
- Finance costs more than doubled annually, rising from ₹37.60 lakhs to ₹82.18 lakhs.
- Equity share capital increased to ₹4,368 lakhs following a 1:1 bonus issue and stock split from ₹10 to ₹1.
Mr. Jayantibhai Mohanbhai Kumbhani, Managing Director of Sikko Industries, was conferred with the 'Shresth Ratna Award' on April 25, 2026. The award recognizes his significant contributions to the Agro Chemicals and Fertilizers Industry and was presented by the Union Minister of Jal Shakti, Mr. C. R. Patil. This recognition serves as a testament to the leadership's vision and industry standing. While it enhances the company's reputation, it has no direct impact on financial performance.
- Managing Director Jayantibhai Mohanbhai Kumbhani honored with the 'Shresth Ratna Award'
- Awarded for outstanding contribution to the Agro Chemicals & Fertilizers Industry
- Presented by Mr. C. R. Patil, Hon'ble Union Minister of Jal Shakti, at a ceremony in New Delhi
Sikko Industries Limited has filed its Reconciliation of Share Capital Audit Report for the quarter ended March 31, 2026, as per SEBI regulations. The report confirms that the company's total issued and listed capital remains at 43.68 crore shares, with no discrepancies found between records. Notably, the entire share capital is held in dematerialized form, split between CDSL (41.84%) and NSDL (58.16%). The company reported a total of 31,650 security holders and confirmed that no demat requests were pending beyond 21 days.
- Total issued and listed capital stands at 43,68,00,000 equity shares.
- 100% of the company's shares are dematerialized, with zero shares held in physical form.
- Shareholding distribution is 41.84% in CDSL and 58.16% in NSDL.
- The total number of security holders as of March 31, 2026, is 31,650.
- No demat requests were pending for more than 21 days during the quarter.
Sikko Industries Limited has successfully passed a special resolution to alter the Main Object Clause of its Memorandum of Association (MOA) through a postal ballot. The resolution received overwhelming support, with 99.9998% of the 246.6 million votes cast in favor. While the total voter turnout represented 56.46% of the company's shareholding, promoter participation was high at 95.7%. This regulatory change allows the company to potentially diversify or shift its core business activities as defined in its constitutional documents.
- Special resolution to alter the Main Object Clause of the MOA passed with 99.9998% approval.
- Total votes polled amounted to 246,628,982, representing 56.46% of total outstanding shares.
- Promoter group cast 229,761,520 votes, all of which were in favor of the resolution.
- Public non-institutional participation stood at 10.43%, with 16,866,852 votes in favor and only 610 against.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment. Revenue from operations for FY 2024-25 was INR 6,174.80 Lakhs, representing a marginal growth of 0.75% compared to INR 6,128.72 Lakhs in FY 2023-24.
Profitability Margins
Operating Profit Margin remained stable at 9% (0.09 ratio) YoY. Net Profit Margin was 7% (0.07 ratio), showing a 4% improvement in relative profitability compared to the previous year. Standalone Profit After Tax (PAT) grew 5.08% to INR 427.10 Lakhs.
EBITDA Margin
Operating Profit before Depreciation, Finance Cost, and Tax was INR 709.97 Lakhs, resulting in an EBITDA margin of approximately 11.5% of revenue from operations.
Capital Expenditure
Not disclosed in absolute INR Cr; however, the company maintained proper records for Property, Plant & Equipment and Intangible Assets, with physical verification conducted by management.
Credit Rating & Borrowing
Borrowing costs (Finance costs) decreased significantly by 49.4% to INR 39.9 Lakhs from INR 78.84 Lakhs YoY. This reduction was driven by lower interest outflow as the company utilized equity funding from a Rights Issue to reduce debt.
Operational Drivers
Raw Material Costs
Not disclosed as a specific percentage of revenue; however, total expenses before depreciation and finance costs were INR 5,540.05 Lakhs, down from INR 5,716.77 Lakhs YoY.
Logistics & Distribution
Not disclosed as a specific INR value, but freight delays are cited as a primary factor impacting inventory turnover and operational efficiency.
Strategic Growth
Expected Growth Rate
3.30%
Growth Strategy
Growth is pursued through the enhancement of HR policies and processes to improve performance, alongside capital structure optimization. The company recently completed a Rights Issue to fund operations and announced a 1:1 Bonus Issue (Record Date: December 08, 2025) to reward shareholders and increase liquidity.
Products & Services
The company sells products sensitive to weather conditions and market demand, likely agrochemicals or fertilizers given the context of 'unfavourable weather' risks.
Strategic Alliances
The company is the holding company for Sikko Foundation, which was included in consolidated financial statements for the first time in FY 2024-25.
External Factors
Industry Trends
The industry is facing lackluster global growth and heightened trade policy uncertainty. The company is positioning itself by maintaining a low-debt balance sheet (Debt-Equity ratio of 0.05) to navigate these divergent economic paths.
Competitive Moat
The company maintains a strong liquidity position with a Current Ratio of 3.43 (up 64% YoY) and a very low Debt-Equity ratio of 0.05, providing a financial buffer against market volatility.
Macro Economic Sensitivity
The company is sensitive to global growth trends, which are forecasted at 3.3% for 2025 and 2026, below the historical average of 3.7%.
Consumer Behavior
Demand is heavily influenced by weather patterns and agricultural cycles.
Geopolitical Risks
Middle East tensions and global trade frictions are identified as elevated risks that inject uncertainty into fiscal and structural policies.
Regulatory & Governance
Industry Regulations
The company complies with the Companies Act 2013, Ind AS, and SEBI Listing Regulations. It implemented 'ACERP' software with audit trail (edit log) facilities as per Rule 3(1) of the Companies (Accounts) Rules, 2014.
Taxation Policy Impact
Current tax for FY 2024-25 was INR 181.94 Lakhs on a Standalone Profit Before Tax of INR 603.72 Lakhs, representing an effective tax rate of approximately 30.1%.
Legal Contingencies
No instances of fraud by or on the company were reported. The company fulfilled its CSR obligation by spending INR 6,98,000 (slightly above the required INR 6,97,360).
Risk Analysis
Key Uncertainties
Primary uncertainties include unfavourable weather conditions affecting demand and freight delays impacting the supply chain. Return on Net Worth decreased from 15% to 5% because profit did not grow at the same rate as the net worth increase from the Rights Issue.
Technology Obsolescence Risk
The company has mitigated digital risks by adopting ACERP software with mandatory audit trail features to ensure financial data integrity.
Credit & Counterparty Risk
Debtors turnover of 2.24 times indicates a moderate collection cycle, with management focused on improving collection processes.
