Sicagen stock price rose over 18% to an intra day high at Rs.46.35, so very close to its 52-week high of Rs.47.25. It has now come off this intra day high level and is traded at Rs.44, up 14%.

Sicagen’s core business is trading of building materials such as steel pipes and fittings, construction and structural steel, stainless steel sheets, pipes and fittings, cables, PVC/HDPE pipes and fittings and cement. It is authorized distributor for Tata Steel, Jindal Pipes, SAIL, Zenith Birla(India), Arcelor Mittal, Finolex Cables, Supreme Industries, Maharashtra Seamless, Reliance Industries, Dalmia Cements, Chettinad Cements, Zuari Cement and ACC Cements. It also manufactures  200/210 litres capacity MS Drums, boats/ships, specialty chemicals and exports wires through its Singapore cable company to SE Asia. 78% of its revenue comes from trading.

The company is in the limelight today on the back of its very good performance for Q4FY17. It posted a 27% (YoY) increase in consolidated total revenue at Rs.203 crore and net profit came in at Rs.6 crore, doubling from Rs.3 crore in previous Q4.

The company has ended the year with a consolidated net profit at Rs.7 crore v/s Rs.1 crore. It is pretty equity heavy at Rs.39.57 crore. EPS for the year is at Rs.2 (FV of Rs.10). Promoter holding is at 41.91% and market cap is at Rs.180 crore.