Sirca Paints India Ltd

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

Sirca Paints India Ltd

₹ 420 -0.17%
26 May 12:02 p.m.
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 ₹ 2,385 Cr.
  • Current Price ₹ 420
  • High / Low ₹ 539 / 330
  • Stock P/E 36.7
  • Book Value ₹ 83.7
  • Dividend Yield 0.36 %
  • ROCE 21.2 %
  • ROE 15.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Dividend payout has been low at 11.2% of profits over last 3 years
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
68 73 84 72 83 79 105 89 101 114 131 113 134
55 56 62 59 66 65 86 73 82 92 104 90 109
Operating Profit 13 17 21 14 16 14 19 15 19 23 27 23 26
OPM % 19% 24% 25% 19% 20% 18% 18% 17% 19% 20% 21% 20% 19%
1 1 1 2 2 1 1 2 1 0 1 1 1
Interest 0 0 0 0 0 0 0 0 0 1 1 1 1
Depreciation 1 1 2 2 2 2 2 2 2 2 3 3 3
Profit before tax 13 18 21 14 17 14 18 16 18 19 24 20 23
Tax % 27% 27% 26% 24% 26% 27% 26% 26% 22% 26% 26% 26% 23%
9 13 16 11 13 10 13 11 14 14 18 15 18
EPS in Rs 1.73 2.35 2.83 1.92 2.28 1.86 2.42 2.09 2.57 2.59 3.19 2.65 3.11
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
134 141 196 264 311 372 492
103 128 158 202 243 305 394
Operating Profit 31 12 38 62 69 68 99
OPM % 23% 9% 19% 23% 22% 18% 20%
6 14 4 5 6 5 4
Interest 0 0 0 0 0 0 5
Depreciation 2 4 4 4 6 7 11
Profit before tax 34 23 38 62 69 65 87
Tax % 26% 27% 27% 26% 26% 25% 25%
25 17 28 46 51 49 65
EPS in Rs 4.59 3.03 5.06 8.41 9.38 8.95 11.45
Dividend Payout % 16% 25% 20% 9% 16% 0% 17%
Compounded Sales Growth
10 Years: %
5 Years: 28%
3 Years: 23%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: 12%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 12%
1 Year: 28%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 16%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 27 27 27 27 55 55 57
Reserves 157 174 198 238 254 295 418
0 13 0 0 0 8 32
25 40 37 47 42 93 82
Total Liabilities 210 255 262 312 351 451 589
50 41 53 54 58 164 174
CWIP 0 2 1 5 6 0 10
Investments 0 0 0 0 44 2 57
160 212 208 252 243 285 348
Total Assets 210 255 262 312 351 451 589

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 124 112 85 71 77 92 115
Inventory Days 265 282 217 248 206 198 151
Days Payable 105 151 98 90 70 71 74
Cash Conversion Cycle 285 242 204 229 213 218 193
Working Capital Days 216 200 159 209 150 161 189
ROCE % 11% 18% 25% 24% 20% 21%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Installed Manufacturing Capacity
MTPA

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Number of Branches and Depots
Numbers ・Standalone data
Number of Dealers
Numbers ・Standalone data
Number of OEM Clients
Numbers ・Standalone data
Installed Manufacturing Capacity (Wall Paints)
Lakh Litres Per Annum
Number of Sirca Studios
Numbers ・Standalone data
Registered Contractors (Loyalty App)
Numbers ・Standalone data
Revenue Contribution - OEM
%
Revenue Contribution - Retail
%
Revenue Generation Capacity (Theoretical)
INR Crore
Market Share in Premium PU Wood Coatings (India)
% ・Standalone data
Total Wood Coating Market Share (India)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.54% 65.19% 65.19% 65.19%
5.90% 5.94% 5.93% 5.48% 5.36% 4.61% 4.09% 4.28% 5.18% 6.47% 6.92% 6.29%
0.00% 0.00% 0.80% 0.75% 0.69% 0.69% 0.00% 0.00% 0.00% 0.32% 0.32% 0.00%
26.56% 26.51% 25.73% 26.22% 26.41% 27.15% 28.36% 28.17% 27.26% 28.02% 27.58% 28.51%
No. of Shareholders 35,58345,02551,91157,37657,68956,92653,07952,10146,02943,81640,52637,648

* 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

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