What we do Siddhika Coatings Ltd specializes in manufacturing and applying architectural coatings including oil paints, distempers, varnishes, and enamels across India. |
Founded in 2,010 |
Market share Well-established in the Indian architectural coatings market with strategic partnership with Japan's SK Kaken Ltd, ensuring quality and innovation. |
Problem solved Provides durable, aesthetic, and protective coatings for civil structures, enhancing building longevity and appearance. |
Top clients or who we serve Services B2B and B2C clients including construction companies and real estate developers across major Indian cities. |
Key management - |
Our journey and innovations Founded in 2010, expanded operations to multiple Indian metros, acquired AB Coatings Pvt. Ltd. in 2015, and went public in 2021 raising Rs. 4.70 Cr. |
Where we operate Operates primarily across India with presence in Kolkata, Bangalore, Hyderabad, Mumbai, and New Delhi. |
Top products or what we offer Offers oil paints, distempers, cellulose paints, colors, varnishes, enamels, and architectural textured coatings. |
Top brands Authorized marketing agent and channel partner for SK Kaken Ltd products from Japan; known for quality and technical coatings. |
Raw materials needed Pigments, resins, solvents, additives essential for high-quality coating formulations. |
Raw materials supplier Sources raw materials from domestic and international suppliers, including partners like SK Kaken Ltd. |
Recurring vs cyclical contribution Revenue is primarily recurring with steady demand in construction and renovation sectors. |
Our industry position A reputed player in architectural coatings with over a decade-long association with SK Kaken Ltd and expanding pan-India footprint. |
Financial highlights FY 2024-25 revenue approx. Rs. 503.4 Cr with net profit Rs. 85.4 Cr, showing strong growth year-on-year. |
Geographical revenue split Revenue mainly from Indian markets with operational hubs in five major cities. |
Order book - |
Whats driving growth Growing urbanization, real estate development and strategic partnerships driving demand and expansion. |
Our future plans Focus on expanding market presence, enhancing product range, and leveraging R&D for innovative coatings. |
Our green promise Committed to green practices including electronic communications and energy conservation where feasible. |
Our people and values Maintains strong employee relations with focus on dedication, compliance, and corporate ethics. |
Key challenges ahead Raw material price volatility, regulatory compliance, and competitive pressure in coatings industry. |
Interesting facts Completed 2 lakh square meters of paint work in one year (2013), showcasing operational capability. |
Risks and strategy Mitigates risks through comprehensive risk management policies covering business, financial and regulatory areas. |
