Siddhika Coatins
: SIDDHIKA · Paints
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We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Siddhika Coatins's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Siddhika Coatings Ltd is an Indian company specialising in paint contracting and the distribution of architectural coatings and pigments. It serves as an authorised marketer for Japan's SK Kaken Ltd, providing both high-quality technical-grade products and professional surface application services.
Business Model
The company generates revenue through the direct sale of paints, varnishes, and enamels, alongside providing specialised application services for civil structures. Its model leverages a strategic partnership with SK Kaken Ltd to supply niche architectural coatings to the construction sector.
- Annual contract capacity:5 million sq. ft.
Management Commentary
Management is focused on expanding its market presence by leveraging its reputation as a niche supplier and exploring new channel partnerships with other construction product manufacturers.
Growth Outlook
Growth is expected to be driven by the increasing demand for high-performance architectural coatings and the potential for new distribution partnerships. The company's established track record in large-scale contract work positions it well for further expansion in the construction sector.
Key Risks
- Dependency on Principal. The company's business model relies heavily on its partnership with SK Kaken Ltd, making it vulnerable to any changes in this relationship.
- Construction Sector Cyclicality. As a provider of paint and coating services, the company is susceptible to fluctuations in the broader real estate and construction industry.
- Input Cost Volatility. Fluctuations in the prices of raw materials and pigments can impact the profitability of both product sales and contracting services.
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Peers · Paints
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Siddhika CoatinsSIDDHIKA | ₹134 Cr | — | — | — | 22.0% | — | — | +14.2% |
Kansai Nerolac Paints LimitedKANSAINER | ₹15,832 Cr | 26.38 | 13.69 | 5.2% | 13.9% | 9.0% | 12.3% | -18.4% |
JSW Dulux LimitedAKZOINDIA | ₹14,167 Cr | 6.95 | 24.21 | -7.0% | 15.3% | 106.3% | 118.1% | -8.8% |
Indigo Paints LimitedINDIGOPNTS | ₹5,491 Cr | 34.12 | 18.85 | 9.5% | 19.8% | 15.0% | 18.9% | +4.7% |
Sirca Paints India LimitedSIRCA | ₹2,478 Cr | 36.54 | 23.23 | 24.1% | 20.8% | 14.1% | 18.4% | -5.7% |
Shalimar PaintsSHALPAINTS | ₹658 Cr | -9.48 | -38.32 | -10.5% | -3.8% | -24.5% | -15.0% | +9.6% |
As of Mar 2026
Financials
Siddhika Coatins
: SIDDHIKA · Paints
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Siddhika Coatins's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Siddhika Coatings Ltd is an Indian company specialising in paint contracting and the distribution of architectural coatings and pigments. It serves as an authorised marketer for Japan's SK Kaken Ltd, providing both high-quality technical-grade products and professional surface application services.
Business Model
The company generates revenue through the direct sale of paints, varnishes, and enamels, alongside providing specialised application services for civil structures. Its model leverages a strategic partnership with SK Kaken Ltd to supply niche architectural coatings to the construction sector.
- Annual contract capacity:5 million sq. ft.
Management Commentary
Management is focused on expanding its market presence by leveraging its reputation as a niche supplier and exploring new channel partnerships with other construction product manufacturers.
Growth Outlook
Growth is expected to be driven by the increasing demand for high-performance architectural coatings and the potential for new distribution partnerships. The company's established track record in large-scale contract work positions it well for further expansion in the construction sector.
Key Risks
- Dependency on Principal. The company's business model relies heavily on its partnership with SK Kaken Ltd, making it vulnerable to any changes in this relationship.
- Construction Sector Cyclicality. As a provider of paint and coating services, the company is susceptible to fluctuations in the broader real estate and construction industry.
- Input Cost Volatility. Fluctuations in the prices of raw materials and pigments can impact the profitability of both product sales and contracting services.
Start your research today
Unlock AI insights, financials, peers and live data on Siddhika Coatins and 5,000+ companies — free.
Peers · Paints
As of Mar 2026