Signature Green Corporation Limited

Consumer Defensive — Packaged Foods · BSE

₹5.23₹0.00 (0.00%)

DalalBaazaar Score

64 / 100

🟢 Good

Verdict

NEUTRAL

Risk

Moderate

Driven by micro-cap size, which brings thin liquidity, falling profits.

In simple words: The business is earning a fairly low return on the money invested in it, though profits are falling even as sales grow. The direction of profits is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:01 pm

Understanding the Business

Company site ↗

The 60-second version of Signature Green Corporation Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Signature Green Corporation Limited manufactures, distributes, sells, import, and export soya-based and green food products. The company was formerly known as Sagar Soya Products Limited and changed its name into Signature Green Corporation Limited in April 2025.

IndustryPackaged Foods

SectorConsumer Defensive

Employees7

Annual revenue₹0 Cr

How does it make money?

Turns over ₹0 Cr a year. Of every ₹100 of sales, about ₹687 reaches shareholders as profit, with ₹1188 left at the operating level before interest, tax and depreciation. Each of its 7 employees supports ₹41,283 of revenue a year, the signature of a people-led business.

Revenue / employee₹41,283

Who are its competitors?

The closest listed comparisons in its industry are NESTLE INDIA LIMITED, BRITANNIA INDUSTRIES LTD, TATA CONSUMER PRODUCT LTD, DABUR INDIA LTD. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 2.0% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE51.0%

DalalBaazaar Score

64/ 100

Good

Weighted across six categories. Every point is explained below.

✓ Beta of -0.13 — historically steadier than the index
✗ Micro Cap: thinner liquidity and sharper drawdowns are normal
✗ Profits have swung sharply from year to year — earnings are hard to forecast
✗ Trading within 10% of its 52-week high — entries here carry more pullback risk

Quality vs. Valuation

Company Quality

66/ 100

Good

How good the business is, ignoring the share price entirely.

Valuation

69/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

A good business currently available at an undemanding price — the combination this framework is built to look for.

Historical Valuation

Current P/E

8.2x

2Y Median

3.6x

27 monthly readings · mean 3.1x · range 0.2x–9.5x

Sector Median

51.7x

median of 4 sector peers

⚠️Current valuation is approximately 126% above its 2y median of 3.6x. Paying more than usual needs a reason — faster growth, a better balance sheet, or a re-rating you believe in.

🟢Against its sector it trades 84% below the peer median of 51.7x.

vs. its own history

Expensive

3.6x median over 27 months · +126%

vs. sector peers

Cheap

51.7x median of 4 peers · -84%

vs. generic bands

Cheap

Below 15x

EV/EBITDA

1.6x

PEG

—

What's Good / What's Bad

🟢 What's Going Well1

Return on equity is rising
ROE has improved from -5.8% to 1.5%.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

1 item require attention · 1 watch

🟡Shareholders have been dilutedOwnership
Shares outstanding are up 1130% over 3 years — each existing share owns a smaller slice of the company.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Cheaper than its peers
It trades 84% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.

🔴 Bear CaseWhat could go wrong?

The price already assumes success
The stock trades 126% above its own median multiple. At this level the business has to deliver just to stand still, and a stumble is repriced twice — lower earnings on a lower multiple.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 1186%✓ 1187.5%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Free cash flow remains positive✓ ₹0 Cr
Profit that never becomes cash eventually stops being profit.
3ROCE stays above 8%✗ 2.0%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.
4Valuation vs its own median of 3.6x✗ 8.2x today
A re-rating above its own history needs a reason; without one it is just a higher price.

Investment Checklist

6 / 10 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✗ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

5 good · 3 neutral · 3 weak

Market Cap

₹2 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

8.2x

Cheap

Cheap against the generic band

P/B Ratio

0.14x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹0.64

Profitable

Profitable on a per-share basis

ROE

1.5%

Weak

Weak capital efficiency

ROCE

2.0%

Weak

Low return on total capital employed

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

16.8%

Healthy

Healthy top-line growth

Profit Growth (YoY)

-19.0%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹0 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

41.1%

Good

Healthy core-business profitability

Net Margin

17.7%

Good

Strong bottom-line conversion

Current Ratio

39.06

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

-0.13

Defensive

Steadier than the market

52W Range Position

100%

Near high

Near its 52-week high

Technical Snapshot

SMA 20 / SMA 50

5.2 / 5.1

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

100.0

Overbought zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
EBITDA	₹0 Cr	₹1 Cr	₹0 Cr	₹0 Cr	-0.6%
PAT (Net Profit)	-₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	—
EPS	₹-2.73	₹10.46	₹0.86	₹0.55	—
ROE	-5.8%	6.8%	2.3%	1.5%	—
ROCE	3.6%	6.5%	2.9%	2.0%	—
Total Debt	₹2 Cr	₹2 Cr	—	—	—
Free Cash Flow	₹0 Cr	-₹2 Cr	-₹10 Cr	₹0 Cr	-37.9%

🟡 EBITDA has been broadly flat over 3 years (-0.6% a year).

🟢 PAT (Net Profit) has turned positive, from -₹0 Cr to ₹0 Cr.

🟢 EPS has turned positive, from ₹-2.73 to ₹0.55.

🟢 ROE has risen from -5.8% to 1.5% over 3 years (+7.3 pts).

🔴 ROCE has fallen from 3.6% to 2.0% over 3 years (-1.6 pts).

🔴 Free Cash Flow has shrunk at 37.9% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹14 Cr

Total Liabilities

₹0 Cr

Cash & Equivalents

₹1 Cr

Operating Cash Flow

₹1 Cr

Capex

-₹1 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

92.6%

Corporate Actions

Ex-Dividend Date

27 Nov 1997

Peer Comparison

Company	P/E	ROE
NESTLE INDIA LIMITED	59.8x	79.9%
BRITANNIA INDUSTRIES LTD	44.1x	51.0%
TATA CONSUMER PRODUCT LTD	59.3x	7.5%
DABUR INDIA LTD	34.7x	17.2%

Recent News

1 positive1 mixed1 negative3 general

SIGNATURE GREEN CORPORATION LI Share Price - Live SIGNGCL Stock Price & Chart

Upstox, 05 May

Signature Green Corporation consolidated net profit declines 20.00% in the June 2026 quarter

Business Standard, 10 AugResults

🔴Potentially negativeReported deterioration, which feeds the growth and margin inputs on this page directly.

Signature Green sets Sept 22-28 book closure for 44th AGM

scanx.trade, 03 Sept

10 debt-free penny stocks under Rs 10 rally up to 1,126% in one year. Did you catch them?

The Economic Times, 12 Jul

Signature Green Corporation Completes 100% Acquisition of Arvind Foods Limited

scanx.trade, 08 JanM&A

🟡Mixed / dependsAcquisitions change the balance sheet before they change the earnings. Look at what was paid, how it was funded, and whether debt rose.

Dollar Industries consolidated net profit rises 22.05% in the June 2026 quarter

Business Standard, 10 AugResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Watch Items

Trading very close to its 52-week high — momentum-driven entries here carry more mean-reversion risk.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.
RSI is in overbought territory — momentum entries here carry more short-term pullback risk.

DalalBaazaar Thesis

StrongBusiness Quality · Financial Health · Valuation

MiddlingGrowth · Profitability

WeakRisk

Points for each in the Score ↑

Attractive on both counts

A good business currently available at an undemanding price — the combination this framework exists to look for. The work left is qualitative: whether the advantage the numbers imply is one you can identify and expect to last.

2 of 4 tripwires tripped — ROCE stays above 8%; Valuation vs its own median of 3.6x · see Key things to watch ↑