Sirca Paints India Ltd

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Sirca Paints Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Sirca Paints India Ltd

₹ 436 -1.46%
12 Aug - close price
Company website BSE: 543686 NSE: SIRCA
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

Product & Brand Portfolio
The company offers a range of wood coatings and other decorative paints under its brands:
1) Sirca: Offers luxury Italian wood coatings and high-end wall paints. The company is an exclusive licensee of this brand in India, Nepal, Bangladesh, and Sri Lanka.
2) Unico: Offers mass-market wood coatings products.
3) Oikos: Offers high-end decorative, solid color finishes and texture coatings.
4) Welcome: Offers a range of paint thinners & reducers. [1] [2]

Website BSE NSE
  • Market Cap ₹ 2,466 Cr.
  • Current Price ₹ 436
  • High / Low ₹ 539 / 385
  • Stock P/E 36.8
  • Book Value ₹ 83.7
  • Dividend Yield 0.46 %
  • ROCE 20.3 %
  • ROE 15.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's median sales growth is 18.7% of last 10 years

Cons

  • Debtor days have increased from 94.5 to 115 days.

* 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

Consumer Discretionary Consumer Durables Consumer Durables Paints

Part of BSE Consumer Discretionary BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
73 84 72 83 79 105 89 101 114 131 113 134 130
56 62 59 66 65 86 73 82 92 104 90 109 106
Operating Profit 17 21 14 16 14 19 15 19 23 27 23 26 24
OPM % 24% 25% 19% 20% 18% 18% 17% 19% 20% 21% 20% 19% 19%
1 1 2 2 1 1 2 1 0 1 1 1 2
Interest 0 0 0 0 0 0 0 0 1 1 1 1 1
Depreciation 1 2 2 2 2 2 2 2 2 3 3 3 3
Profit before tax 18 21 14 17 14 18 16 18 19 24 20 23 22
Tax % 27% 26% 24% 26% 27% 26% 26% 22% 26% 26% 26% 23% 27%
13 16 11 13 10 13 11 14 14 18 15 18 16
EPS in Rs 2.35 2.83 1.92 2.28 1.86 2.42 2.09 2.58 2.59 3.19 2.65 3.12 2.85
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
65 71 83 89 116 134 141 196 264 311 372 492 508
60 61 62 63 84 103 128 158 202 243 304 394 408
Operating Profit 6 10 20 26 32 31 12 38 62 69 67 99 100
OPM % 9% 14% 25% 29% 27% 23% 9% 20% 23% 22% 18% 20% 20%
4 2 2 4 6 6 14 4 5 6 5 4 5
Interest 0 0 0 0 0 0 0 0 0 0 0 5 5
Depreciation 0 1 0 1 1 2 4 4 4 6 7 11 11
Profit before tax 9 11 22 30 37 34 23 38 62 69 65 87 90
Tax % 35% 35% 36% 34% 30% 26% 27% 27% 26% 26% 25% 25%
6 7 14 19 26 25 17 28 46 51 49 65 67
EPS in Rs 206.00 242.67 456.67 4.82 4.73 4.59 3.03 5.06 8.41 9.39 8.96 11.45 11.81
Dividend Payout % 0% 0% 0% 0% 7% 16% 25% 20% 9% 16% 17% 17%
Compounded Sales Growth
10 Years: 21%
5 Years: 29%
3 Years: 23%
TTM: 24%
Compounded Profit Growth
10 Years: 24%
5 Years: 32%
3 Years: 12%
TTM: 26%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 4%
1 Year: -6%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 16%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.10 0.10 0.10 13 18 27 27 27 27 55 55 57
Reserves 13 20 34 54 150 157 174 198 238 254 295 418
12 11 4 5 0 0 13 0 0 0 50 32
8 14 23 22 23 25 40 37 47 42 51 81
Total Liabilities 33 45 61 95 191 210 255 262 312 351 451 589
2 2 8 20 25 50 41 53 54 58 164 174
CWIP 0 0 0 0 9 0 2 1 5 6 0 10
Investments 2 3 2 0 0 0 0 0 0 44 2 57
29 40 51 75 157 160 212 208 252 243 285 348
Total Assets 33 45 61 95 191 210 255 262 312 351 451 589

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5 11 -1 12 -8 19 35 -19 42 54 44
-1 -5 -13 -71 5 15 -11 9 -21 -45 -70
-1 -7 16 68 -8 -0 -17 -6 -8 -8 39
Net Cash Flow 2 -2 1 9 -11 34 7 -15 12 1 14
Free Cash Flow 4 5 -14 -2 -29 26 19 -29 32 -53 17
CFO/OP 94% 53% -5% 76% 13% 204% 121% 0% 80% 105% 67%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 62 83 106 137 125 124 112 85 71 77 92 115
Inventory Days 26 45 76 120 144 265 282 217 248 206 198 151
Days Payable 22 44 70 56 92 105 151 98 90 70 71 74
Cash Conversion Cycle 67 84 112 201 177 285 242 204 229 213 218 193
Working Capital Days 44 4 48 126 157 223 200 159 209 150 161 152
ROCE % 40% 63% 54% 31% 19% 11% 18% 25% 24% 19% 20%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Number of Branches & Depots
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Number of Dealers & Distributors
count
Number of OEM Clients
count
Installed Capacity - Wood Coatings
tonnes per annum
Capacity Utilization - Core Sonipat Plant
%
Sirca Parivar App - Registered Contractors
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.54% 65.19% 65.19% 65.19% 65.19%
5.94% 5.93% 5.48% 5.36% 4.61% 4.09% 4.28% 5.18% 6.47% 6.92% 6.29% 6.08%
0.00% 0.80% 0.75% 0.69% 0.69% 0.00% 0.00% 0.00% 0.32% 0.32% 0.00% 3.53%
26.51% 25.73% 26.22% 26.41% 27.15% 28.36% 28.17% 27.26% 28.02% 27.58% 28.51% 25.21%
No. of Shareholders 45,02551,91157,37657,68956,92653,07952,10146,02943,81640,52637,64837,017

* 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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Documents

Announcements

Annual reports

DRHP

Concalls