Sirca Paints India Ltd

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

Sirca Paints India Ltd

₹ 644 0.36%
29 Mar - 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

Products
The Co’s product portfolio consists of a 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.
San Marco: High-end Decorative, Solid Colour Finishes and Texture Coatings.
DuranteVivan: Adhesives Product Portfolio.

Co. is Among the top 3 premium category wood coatings brand in India and Market leader in premium wood coatings in North India.
[1] [2]

Website BSE NSE
  • Market Cap ₹ 1,759 Cr.
  • Current Price ₹ 644
  • High / Low ₹ 801 / 402
  • Stock P/E 41.1
  • Book Value ₹ 89.5
  • Dividend Yield 0.31 %
  • ROCE 17.5 %
  • ROE 13.2 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 20.3%
  • Debtor days have improved from 107 to 85.0 days.
  • Company's median sales growth is 15.5% of last 10 years

Cons

  • Stock is trading at 7.19 times its book value
  • Company has a low return on equity of 11.9% over last 3 years.

* 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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
33 32 12 38 46 48 32 61 53 54 61 73 65
25 29 12 44 37 38 29 47 41 45 46 54 51
Operating Profit 9 4 -0 -5 9 9 3 13 12 9 15 19 14
OPM % 26% 11% -2% -14% 19% 20% 9% 22% 23% 17% 25% 26% 22%
1 1 1 1 1 12 1 1 1 1 1 2 1
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 1 1 1
Profit before tax 9 3 -1 -6 9 21 3 14 12 9 15 20 14
Tax % 26% 25% 25% 24% 26% 26% 26% 26% 25% 32% 24% 26% 26%
Net Profit 7 2 -1 -4 6 15 2 10 9 6 12 14 11
EPS in Rs 2.42 0.84 -0.26 -1.57 2.33 5.55 0.81 3.71 3.35 2.26 4.26 5.26 3.84
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 TTM
22 29 65 71 83 89 116 134 141 196 254
20 27 60 61 62 63 84 103 128 158 196
Operating Profit 2 2 6 10 20 26 32 31 12 38 58
OPM % 8% 7% 9% 14% 25% 29% 27% 23% 9% 20% 23%
0 0 4 2 2 4 6 6 14 4 5
Interest 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 0 1 1 2 4 4 4
Profit before tax 2 2 9 11 22 30 37 34 23 38 58
Tax % 36% 32% 35% 35% 36% 34% 30% 26% 27% 27%
Net Profit 1 1 6 7 14 19 26 25 17 28 43
EPS in Rs 56.00 67.50 309.00 364.00 685.00 9.65 9.45 9.18 6.06 10.12 15.62
Dividend Payout % 0% 0% 0% 0% 0% 0% 7% 16% 25% 20%
Compounded Sales Growth
10 Years: 21%
5 Years: 19%
3 Years: 19%
TTM: 31%
Compounded Profit Growth
10 Years: 35%
5 Years: 15%
3 Years: 3%
TTM: 16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 56%
1 Year: 41%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 12%
Last Year: 13%

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 Sep 2022
0 0 0 0 0 13 18 27 27 27 27
Reserves 3 4 13 20 34 54 150 157 174 198 218
2 9 12 11 4 5 0 0 13 0 0
4 7 8 14 23 22 23 25 40 37 51
Total Liabilities 9 20 33 45 61 95 191 210 255 262 296
1 2 2 2 8 20 25 50 41 53 52
CWIP 0 0 0 0 0 0 9 0 2 1 3
Investments 0 2 2 3 2 0 0 0 0 0 0
8 15 29 40 51 75 157 160 212 208 242
Total Assets 9 20 33 45 61 95 191 210 255 262 296

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
0 0 5 11 -1 12 -8 19 35
0 0 -1 -5 -13 -71 5 15 -11
0 0 -1 -7 16 68 -8 -0 -17
Net Cash Flow 0 0 2 -2 1 9 -11 34 7

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
Debtor Days 89 111 62 83 106 137 125 124 112 85
Inventory Days 26 45 76 120 144 265 282 217
Days Payable 22 44 70 56 92 105 151 98
Cash Conversion Cycle 89 111 67 84 112 201 177 285 242 204
Working Capital Days 62 91 44 58 64 145 157 223 235 159
ROCE % 21% 40% 63% 54% 31% 19% 11% 18%

Shareholding Pattern

Numbers in percentages

Dec 2022
67.55
5.59
4.41
22.45

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls

  • Jan 2023
    Transcript
    Notes
    PPT