SIGIND

Signet Industries Limited

HDPE pipes and sprinkler irrigation systems, wind power and trading business

Services›Services›Commercial Services & Supplies›Trading & Distributors

groupsignet.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹59.80
Market cap
176 Cr
Stock P/E
7.5
P/B
0.71
Dividend yield
1.0%
ROE (FY26)
6.5%
ROCE (FY26)
12.2%
Operating margin (FY26)
6.6%
Debt / equity (FY26)
1.86
OCF / EBITDA (FY26)
16.8%
OCF / EBITDA (3Y)
23.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Signet Industries makes HDPE pipes and sprinkler pipes for irrigation, and calls itself "The Irrigation House".

Company snapshot

15thBy market cap

Ranked among 23 companies in Trading & Distributors.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 61.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Manufacturing
38.5%
117 Cr18 Cr596 Cr
Trading
61.5%
187 Cr3 Cr107 Cr
Windmill
0.0%
0.06 Cr-0.18 Cr4 Cr

What we see

Concerns
  • ✗Net margin is very thin at 1.2% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales269 Cr311 Cr344 Cr253 Cr258 Cr304 Cr365 Cr260 Cr307 Cr390 Cr391 Cr306 Cr
Operating expenses (approx.)249 Cr286 Cr323 Cr238 Cr237 Cr282 Cr334 Cr235 Cr285 Cr366 Cr363 Cr278 Cr
EBITDA20 Cr25 Cr21 Cr14 Cr21 Cr22 Cr31 Cr25 Cr21 Cr24 Cr27 Cr28 Cr
OPM %7.4%8.0%6.2%5.7%8.1%7.3%8.4%9.5%7.0%6.2%7.0%9.1%
Other income1 Cr0.59 Cr3 Cr1 Cr0.42 Cr0.32 Cr0.27 Cr0.41 Cr0.47 Cr0.42 Cr0.94 Cr0.73 Cr
Interest14 Cr16 Cr15 Cr12 Cr14 Cr14 Cr18 Cr17 Cr15 Cr15 Cr15 Cr15 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr
Profit before tax5 Cr7 Cr7 Cr0.82 Cr4 Cr6 Cr11 Cr1 Cr5 Cr7 Cr11 Cr11 Cr
Tax %28.4%26.6%48.5%39.9%27.4%27.3%31.3%37.0%27.9%27.2%35.9%28.4%
Net profit3 Cr5 Cr3 Cr0.49 Cr3 Cr5 Cr7 Cr0.69 Cr3 Cr5 Cr7 Cr8 Cr
EPS (₹)₹1.03₹1.71₹1.04₹0.04₹0.97₹1.41₹2.39₹0.11₹1.05₹1.63₹2.20₹2.61

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales976 Cr883 Cr827 Cr877 Cr1,018 Cr1,213 Cr1,179 Cr1,347 CrSign in free for the trailing twelve months
Operating expenses (approx.)905 Cr816 Cr765 Cr816 Cr948 Cr1,129 Cr1,091 Cr1,249 CrSign in free for the trailing twelve months
EBITDA71 Cr67 Cr62 Cr62 Cr69 Cr84 Cr88 Cr98 CrSign in free for the trailing twelve months
OPM %7.2%7.6%7.5%7.0%6.8%6.9%7.5%7.3%Sign in free for the trailing twelve months
Other income2 Cr2 Cr2 Cr1 Cr3 Cr5 Cr2 Cr2 CrSign in free for the trailing twelve months
Interest44 Cr44 Cr46 Cr43 Cr44 Cr56 Cr59 Cr62 CrSign in free for the trailing twelve months
Depreciation7 Cr8 Cr8 Cr9 Cr9 Cr10 Cr9 Cr9 CrSign in free for the trailing twelve months
Profit before tax22 Cr16 Cr12 Cr12 Cr19 Cr23 Cr22 Cr24 CrSign in free for the trailing twelve months
Tax %37.7%25.8%-19.3%29.5%31.8%33.0%29.7%31.7%Sign in free for the trailing twelve months
Net profit14 Cr12 Cr14 Cr8 Cr13 Cr15 Cr16 Cr16 CrSign in free for the trailing twelve months
EPS (₹)₹4.66₹3.88₹4.61₹2.68₹4.31₹5.12₹5.19₹5.36Sign in free for the trailing twelve months
Dividend payout %——13.2%22.3%14.1%11.9%11.8%11.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr
Reserves137 Cr147 Cr159 Cr166 Cr177 Cr191 Cr205 Cr218 Cr
Borrowings203 Cr238 Cr271 Cr307 Cr309 Cr335 Cr388 Cr459 Cr
Other liabilities285 Cr240 Cr269 Cr216 Cr213 Cr213 Cr226 Cr254 Cr
Total liabilities655 Cr654 Cr729 Cr718 Cr729 Cr768 Cr847 Cr960 Cr
Fixed assets (net)82 Cr76 Cr80 Cr78 Cr81 Cr78 Cr72 Cr85 Cr
CWIP—0.50 Cr2 Cr5 Cr0.65 Cr0 Cr0 Cr3 Cr
Investments0.13 Cr0.08 Cr0.14 Cr0.18 Cr1 Cr1 Cr6 Cr5 Cr
Loans & advances3 Cr6 Cr6 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories197 Cr192 Cr222 Cr252 Cr265 Cr274 Cr211 Cr227 Cr
Trade receivables293 Cr302 Cr327 Cr312 Cr302 Cr345 Cr430 Cr515 Cr
Cash & bank4 Cr11 Cr8 Cr0.66 Cr2 Cr0.39 Cr1 Cr0.28 Cr
Other assets76 Cr67 Cr83 Cr70 Cr78 Cr69 Cr129 Cr125 Cr
Total assets655 Cr654 Cr729 Cr718 Cr729 Cr768 Cr847 Cr960 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity84 Cr12 Cr7 Cr34 Cr51 Cr30 Cr16 Cr16 Cr
Cash from investing-9 Cr9 Cr-13 Cr-9 Cr-6 Cr0.27 Cr-7 Cr-24 Cr
Cash from financing-80 Cr-13 Cr3 Cr-32 Cr-44 Cr-32 Cr-8 Cr7 Cr
Net cash flow-5 Cr7 Cr-3 Cr-7 Cr1 Cr-1 Cr0.72 Cr-0.83 Cr
Free cash flow (OCF − Capex)76 Cr10 Cr-8 Cr25 Cr43 Cr24 Cr12 Cr-12 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.8%14.5%12.6%10.9%12.3%14.3%13.0%12.2%
ROE %8.2%6.7%7.4%4.2%6.3%7.0%6.7%6.5%
Debtor days109125144130108104133139
Inventory days242219285267212227267414
Days payable297234281202145152249404
Cash conversion cycle54110149195175178151150
OCF / EBITDA %119.0%17.2%11.2%54.4%73.0%36.1%17.9%16.8%
OCF / EBITDA % (3 years)——51.3%27.2%47.1%53.2%40.1%23.2%
Debt / equity1.211.351.441.571.501.521.661.86
Current ratio1.271.321.371.421.391.371.321.26
Net debt / EBITDA2.813.384.224.974.423.984.404.70