Signet Industries Limited (IN:SIGIND)
:SIGIND
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Signet Industries Limited
(SIGIND)
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Rating:54Neutral
Price Target:
₹50.00
▼(-5.84% Downside)
Action:Reiterated
Date:06/03/26
The score is held back primarily by weakening financial quality—especially the sharp 2026 reversal to negative operating/free cash flow alongside meaningful leverage and thin margins. Technicals are neutral-to-soft, offering limited support. Low valuation (P/E ~8.6) is the main offset, preventing a lower overall score.
Positive Factors
Revenue Growth
Multi-year revenue growth that re-accelerated into 2026 (≈+9%) indicates sustained end-market demand and successful go-to-market execution. Durable topline expansion provides a basis for long-term scale benefits and gives management room to improve margins and invest in distribution or product development.
Negative Factors
Thin Profitability
Persistently thin net margins (~1–2%) leave limited buffer against input cost inflation or pricing pressure. Low profitability constrains internal cash available for deleveraging, capex, and R&D, making long-term competitiveness and ability to absorb shocks dependent on improving operational efficiency or shifting mix to higher-margin products.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Multi-year revenue growth that re-accelerated into 2026 (≈+9%) indicates sustained end-market demand and successful go-to-market execution. Durable topline expansion provides a basis for long-term scale benefits and gives management room to improve margins and invest in distribution or product development.
Read all positive factors
Signet Industries Limited (SIGIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.46B
Dividend Yield0.9%
Average Volume (3M)1.82K
Price to Earnings (P/E)9.5
Beta (1Y)1.15
Revenue Growth14.22%
EPS Growth0.91%
CountryIN
Employees514
SectorIndustrials
Sector Strength72
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.00
Shares Outstanding29,437,000
10 Day Avg. Volume2,841
30 Day Avg. Volume1,819
Financial Highlights & Ratios
PEG Ratio2.49
Price to Book (P/B)0.53
Price to Sales (P/S)0.10
P/FCF Ratio-1.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Signet Industries Limited Business Overview & Revenue Model
Company Description
Signet Industries Limited, an Indian company established in Indore in 1985 (and formerly known as Signet Overseas Limited until January 2010), operates with a multifaceted approach, spanning manufacturing, trading, and renewable energy generation....
How the Company Makes Money
Signet Industries Limited generates revenue primarily through the production and sale of its plastic and polymer product portfolio. Its key revenue streams include piping systems for water management and irrigation, micro-irrigation systems used i...
Signet Industries Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.35B | 13.47B | 11.79B | 12.13B | 10.18B | 8.77B |
| Gross Profit | 1.94B | 1.67B | 1.84B | 1.72B | 1.50B | 1.27B |
| EBITDA | 955.33M | 977.61M | 901.62M | 849.01M | 722.80M | 594.43M |
| Net Income | 160.82M | 161.55M | 156.41M | 154.53M | 130.54M | 82.44M |
Balance Sheet | ||||||
| Total Assets | 8.89B | 9.60B | 8.47B | 7.68B | 7.29B | 7.18B |
| Cash, Cash Equivalents and Short-Term Investments | 777.28M | 157.40M | 817.33M | 3.91M | 17.91M | 6.59M |
| Total Debt | 4.11B | 4.60B | 3.88B | 3.36B | 3.09B | 3.07B |
| Total Liabilities | 6.53B | 7.13B | 6.14B | 5.48B | 5.22B | 5.23B |
| Stockholders Equity | 2.36B | 2.47B | 2.34B | 2.20B | 2.06B | 1.95B |
Cash Flow | ||||||
| Free Cash Flow | 80.87M | -734.72M | 117.80M | 238.03M | 433.52M | 248.00M |
| Operating Cash Flow | 106.49M | -448.10M | 157.41M | 303.68M | 506.84M | 335.75M |
| Investing Cash Flow | -7.03M | -257.15M | -71.03M | 2.68M | -55.63M | -86.81M |
| Financing Cash Flow | -107.05M | 696.97M | -79.23M | -320.36M | -439.90M | -322.22M |
Signet Industries Limited Technical Analysis
Negative
53.10
Price Trends
50.23
Negative
48.62
Positive
51.63
Negative
Market Momentum
-0.38
Positive
47.20
Neutral
33.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SIGIND, the sentiment is Negative. The current price of 53.1 is above the 20-day moving average (MA) of 49.82, above the 50-day MA of 50.23, and above the 200-day MA of 51.63, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 47.20 is Neutral, neither overbought nor oversold. The STOCH value of 33.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SIGIND.
Signet Industries Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹12.62B | 17.94 | ― | 0.52% | 21.13% | 18.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹4.63B | 24.12 | ― | 0.82% | 3.24% | 6.11% | |
59 Neutral | ₹2.71B | 18.38 | ― | 1.49% | 1.73% | -35.32% | |
54 Neutral | ₹1.46B | 9.45 | ― | 0.90% | 14.22% | 0.91% | |
54 Neutral | ₹2.65B | 19.69 | ― | 0.07% | 15.69% | 18.38% |
* Industrials Sector Average
IN:SIGIND
Signet Industries Limited
49.50
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-16.88%
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Signet Industries Limited Corporate Events
Signet Industries clears FY26 results, recommends dividend and strengthens audit oversight
May 30, 2026
Signet Industries Limited’s board has approved the audited financial results for the quarter and year ended 31 March 2026, along with the accompanying statement of assets and liabilities and auditor’s report. The board also recommended...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.