Sirca Paints India Ltd

Sirca Paints India Ltd

₹ 329 1.15%
14 Jun - close price
About

Sirca Paints India Ltd is engaged in the business of manufacturing, selling and export of wood coatings and other decorative paints under the brand ‘Sirca’. [1]

Key Points

Products[1]
Range of Wall coating, Wood Coating, Metals, and Glass Coating products. Its offerings under various brands include:
Sirca: Luxury Italian Wood Coatings, High-end Wall Paints.
** Unico: Mass -market Wood Coating products.
Oikos: High-end Decorative, Solid Colour Finishes and Texture Coatings.
DuranteVivan: Adhesives Product Portfolio.
Co. is in the top 3 premium category wood coatings brand in India and Market leader in premium wood coatings in North India.[2] Sirca is the
Exclusive licensee for product sales to Nepal, Bangladesh & Sri Lanka**.[3]

  • Market Cap 1,801 Cr.
  • Current Price 329
  • High / Low 444 / 282
  • Stock P/E 35.0
  • Book Value 56.3
  • Dividend Yield 0.46 %
  • ROCE 24.1 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
48 32 61 53 54 61 73 65 68 73 84 72 83
38 29 47 41 45 46 54 51 55 56 62 59 66
Operating Profit 9 3 13 12 9 15 19 14 13 17 21 14 16
OPM % 20% 9% 22% 23% 17% 25% 26% 22% 19% 24% 25% 19% 20%
12 1 1 1 1 1 2 1 1 1 1 2 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 2 2 2
Profit before tax 21 3 14 12 9 15 20 14 13 18 21 14 17
Tax % 26% 26% 26% 25% 32% 24% 26% 26% 27% 27% 26% 24% 26%
15 2 10 9 6 12 14 11 9 13 16 11 13
EPS in Rs 2.78 0.40 1.85 1.67 1.13 2.13 2.63 1.92 1.73 2.35 2.83 1.92 2.28
Raw PDF

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 Mar 2021 Mar 2022 Mar 2023 Mar 2024
22 29 65 71 83 89 116 134 141 196 264 312
20 27 60 61 62 63 84 103 128 158 202 243
Operating Profit 2 2 6 10 20 26 32 31 12 38 62 69
OPM % 8% 7% 9% 14% 25% 29% 27% 23% 9% 20% 23% 22%
0 0 4 2 2 4 6 6 14 4 5 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 0 1 1 2 4 4 4 6
Profit before tax 2 2 9 11 22 30 37 34 23 38 62 69
Tax % 36% 32% 35% 35% 36% 34% 30% 26% 27% 27% 26% 26%
1 1 6 7 14 19 26 25 17 28 46 51
EPS in Rs 37.33 45.00 206.00 242.67 456.67 4.82 4.73 4.59 3.03 5.06 8.41 9.39
Dividend Payout % 0% 0% 0% 0% 0% 0% 7% 16% 25% 20% 9% 16%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 30%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 46%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 25%
1 Year: -7%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 17%
Last Year: 18%

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 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 0 0 0 13 18 27 27 27 27 55
Reserves 3 4 13 20 34 54 150 157 174 198 238 254
2 9 12 11 4 5 0 0 13 0 0 0
4 7 8 14 23 22 23 25 40 37 47 42
Total Liabilities 9 20 33 45 61 95 191 210 255 262 312 351
1 2 2 2 8 20 25 50 41 53 54 58
CWIP 0 0 0 0 0 0 9 0 2 1 5 6
Investments 0 2 2 3 2 0 0 0 0 0 0 0
8 15 29 40 51 75 157 160 212 208 252 287
Total Assets 9 20 33 45 61 95 191 210 255 262 312 351

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 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 5 11 -1 12 -8 19 35 -19 32
0 0 -1 -5 -13 -71 5 15 -11 9 -12
0 0 -1 -7 16 68 -8 -0 -17 -6 -8
Net Cash Flow 0 0 2 -2 1 9 -11 34 7 -15 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 89 111 62 83 106 137 125 124 112 85 71 77
Inventory Days 26 45 76 120 144 265 282 217 248 206
Days Payable 22 44 70 56 92 105 151 98 90 70
Cash Conversion Cycle 89 111 67 84 112 201 177 285 242 204 229 213
Working Capital Days 62 91 44 58 64 145 157 223 235 159 209 201
ROCE % 21% 40% 63% 54% 31% 19% 11% 18% 25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55%
0.00% 0.00% 0.00% 0.00% 0.00% 5.80% 5.59% 5.55% 5.90% 5.94% 5.93% 5.48%
5.39% 4.46% 5.71% 5.57% 5.90% 3.81% 4.41% 3.88% 0.00% 0.00% 0.80% 0.75%
27.06% 27.99% 26.75% 26.88% 26.55% 22.85% 22.45% 23.03% 26.56% 26.51% 25.73% 26.22%
No. of Shareholders 7,6619,47211,75513,05412,36914,50917,83120,88235,58345,02551,91157,376

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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