Sirca Paints India Ltd

About [ edit ]

Sirca Paints India is engaged in the business of all sole distribution of Italian coating products. It also has manufacturing units in India to produce various coating products (melamine, NC products, economical PU) and wall paints #.

  • Market Cap 940 Cr.
  • Current Price 343
  • High / Low 380 / 158
  • Stock P/E 254
  • Book Value 65.6
  • Dividend Yield 0.44 %
  • ROCE 19.1 %
  • ROE 14.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Earnings include an other income of Rs.2.75 Cr.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
25.27 24.40 33.55 26.28 31.95 31.92 37.59 33.47 32.07 11.69 38.10 45.81
21.36 17.77 23.99 19.09 23.48 24.24 26.50 24.68 28.57 11.95 43.56 37.23
Operating Profit 3.91 6.63 9.56 7.19 8.47 7.68 11.09 8.79 3.50 -0.26 -5.46 8.58
OPM % 15.47% 27.17% 28.49% 27.36% 26.51% 24.06% 29.50% 26.26% 10.91% -2.22% -14.33% 18.73%
Other Income 3.60 -4.46 1.06 2.12 2.82 1.67 2.46 0.82 0.67 0.54 0.68 0.86
Interest 0.03 0.04 0.00 0.03 0.04 0.03 0.01 0.03 0.02 0.03 0.04 0.03
Depreciation 0.12 0.20 0.21 0.27 0.26 0.33 0.33 0.65 1.09 1.18 0.83 0.83
Profit before tax 7.36 1.93 10.41 9.01 10.99 8.99 13.21 8.93 3.06 -0.93 -5.65 8.58
Tax % 34.92% 97.41% 16.52% 29.86% 43.77% 28.25% 26.12% 25.64% 24.51% 24.73% 24.07% 25.64%
Net Profit 4.79 0.06 8.70 6.32 6.18 6.45 9.76 6.64 2.31 -0.70 -4.29 6.38
EPS in Rs 2.38 0.02 3.18 2.31 2.26 2.35 3.56 2.42 0.84 -0.26 -1.57 2.33

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
22 29 65 71 83 89 116 134 128
20 27 60 61 62 63 84 103 121
Operating Profit 2 2 6 10 20 26 32 31 6
OPM % 8% 7% 9% 14% 25% 29% 27% 23% 5%
Other Income 0 0 4 2 2 4 6 6 3
Interest 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 0 1 1 2 4
Profit before tax 2 2 9 11 22 30 37 34 5
Tax % 36% 32% 35% 35% 36% 34% 30% 26%
Net Profit 1 1 6 7 14 19 26 25 4
EPS in Rs 56.00 67.50 309.00 364.00 685.00 9.65 9.45 9.18 1.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 7% 16%
Compounded Sales Growth
10 Years:%
5 Years:16%
3 Years:18%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:32%
3 Years:22%
TTM:-87%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:100%
Return on Equity
10 Years:%
5 Years:23%
3 Years:20%
Last Year:14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 0 0 0 0 13 18 27 27
Reserves 3 4 13 20 34 54 150 157 152
Borrowings 2 9 12 11 4 5 0 0 17
4 7 8 14 23 22 23 25 20
Total Liabilities 9 20 33 45 61 95 191 210 217
1 2 2 2 8 20 25 50 42
CWIP 0 0 0 0 0 0 9 0 0
Investments 0 2 2 3 2 0 0 0 0
8 15 29 40 51 75 157 160 175
Total Assets 9 20 33 45 61 95 191 210 217

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 0 5 11 -1 12 -8
0 0 -1 -5 -13 -71 5
0 0 -1 -7 16 68 -8
Net Cash Flow 0 0 2 -2 1 9 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21% 40% 63% 54% 31% 19%
Debtor Days 89 111 62 83 106 137 125 124
Inventory Turnover 0.00 10.30 6.06 3.63 3.26 1.82

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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