Sirca Paints India Ltd
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]
- Market Cap ₹ 2,707 Cr.
- Current Price ₹ 477
- High / Low ₹ 539 / 231
- Stock P/E 44.0
- Book Value ₹ 78.0
- Dividend Yield 0.31 %
- ROCE 19.7 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
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
Consumer Discretionary Consumer Durables Consumer Durables Paints
Part of BSE Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 134 | 141 | 196 | 264 | 311 | 372 | 459 | |
| 103 | 128 | 158 | 202 | 243 | 305 | 367 | |
| Operating Profit | 31 | 12 | 38 | 62 | 69 | 68 | 92 |
| OPM % | 23% | 9% | 19% | 23% | 22% | 18% | 20% |
| 6 | 14 | 4 | 5 | 6 | 5 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Depreciation | 2 | 4 | 4 | 4 | 6 | 7 | 10 |
| Profit before tax | 34 | 23 | 38 | 62 | 69 | 65 | 82 |
| Tax % | 26% | 27% | 27% | 26% | 26% | 25% | |
| 25 | 17 | 28 | 46 | 51 | 49 | 61 | |
| EPS in Rs | 4.59 | 3.03 | 5.06 | 8.41 | 9.38 | 8.95 | 11.00 |
| Dividend Payout % | 16% | 25% | 20% | 9% | 16% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 24% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 21% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 14% |
| 1 Year: | 55% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 27 | 27 | 27 | 27 | 55 | 55 | 57 |
| Reserves | 157 | 174 | 198 | 238 | 254 | 295 | 386 |
| 0 | 13 | -0 | -0 | -0 | 8 | 45 | |
| 25 | 40 | 37 | 47 | 42 | 93 | 71 | |
| Total Liabilities | 210 | 255 | 262 | 312 | 351 | 451 | 560 |
| 50 | 41 | 53 | 54 | 58 | 164 | 174 | |
| CWIP | -0 | 2 | 1 | 5 | 6 | 0 | 0 |
| Investments | -0 | -0 | -0 | -0 | 44 | 2 | 55 |
| 160 | 212 | 208 | 252 | 243 | 285 | 330 | |
| Total Assets | 210 | 255 | 262 | 312 | 351 | 451 | 560 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -8 | 19 | 35 | -19 | 42 | 54 | |
| 5 | 15 | -11 | 9 | -21 | -45 | |
| -8 | -0 | -17 | -6 | -8 | -8 | |
| Net Cash Flow | -11 | 34 | 7 | -15 | 12 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 124 | 112 | 85 | 71 | 77 | 92 |
| Inventory Days | 265 | 282 | 217 | 248 | 206 | 198 |
| Days Payable | 105 | 151 | 98 | 90 | 70 | 71 |
| Cash Conversion Cycle | 285 | 242 | 204 | 229 | 213 | 218 |
| Working Capital Days | 216 | 200 | 159 | 209 | 150 | 161 |
| ROCE % | 11% | 18% | 25% | 24% | 20% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
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Statement Of Deviation Or Variation In Utilisation Of Funds Raised Through Preferential Issue For The Quarter Ended December 31, 2025
31 Jan - No deviation in use of Rs.75,29,28,000 raised 11-09-2025; utilization reported for quarter ended 31-Dec-2025.
- Announcement under Regulation 30 (LODR)-Investor Presentation 31 Jan
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Board Meeting Outcome for BOARD MEETING OUTCOME FOR FINANCIAL RESULTS FOR QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025
31 Jan - Board approved unaudited standalone and consolidated Q3/9M results to Dec 31, 2025; 9M PAT ₹4,734.05 lakh.
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Board Meeting Outcome For Financials Results For Quarter And Nine Months Ended December 31, 2025
31 Jan - Board approved unaudited standalone and consolidated results for quarter/nine months ended Dec 31, 2025; Q3 revenue Rs11,418.05 lakh.
Annual reports
Concalls
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Jan 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Jul 2022TranscriptAI SummaryPPT
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May 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Jul 2020TranscriptPPT
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]