Sirca Paints India Ltd

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

Sirca Paints India Ltd

₹ 462 -0.54%
03 Sep - 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 ₹ 2,532 Cr.
  • Current Price ₹ 462
  • High / Low ₹ 476 / 231
  • Stock P/E 47.7
  • Book Value ₹ 63.8
  • Dividend Yield 0.32 %
  • ROCE 19.7 %
  • ROE 14.9 %
  • Face Value ₹ 10.0
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Pros

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

Cons

  • Stock is trading at 7.25 times its book value

* 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 SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
61 73 65 68 73 84 72 83 79 106 89 101 114
46 54 51 55 56 62 59 66 65 87 73 82 92
Operating Profit 15 19 14 13 17 21 14 16 14 19 15 19 23
OPM % 25% 26% 22% 19% 24% 25% 19% 20% 18% 18% 17% 19% 20%
1 2 1 1 1 1 2 2 1 1 2 1 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 1
Depreciation 1 1 1 1 1 2 2 2 2 2 2 2 2
Profit before tax 15 20 14 13 18 21 14 17 14 18 16 18 19
Tax % 24% 26% 26% 27% 27% 26% 24% 26% 27% 26% 26% 22% 26%
12 14 11 9 13 16 11 13 10 13 11 14 14
EPS in Rs 2.13 2.63 1.92 1.73 2.35 2.83 1.92 2.28 1.86 2.42 2.09 2.57 2.59
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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 TTM
134 141 196 264 311 372 409
103 128 158 202 243 305 333
Operating Profit 31 12 38 62 69 68 76
OPM % 23% 9% 19% 23% 22% 18% 19%
6 14 4 5 6 5 4
Interest 0 0 0 0 0 0 1
Depreciation 2 4 4 4 6 7 8
Profit before tax 34 23 38 62 69 65 71
Tax % 26% 27% 27% 26% 26% 25%
25 17 28 46 51 49 53
EPS in Rs 4.59 3.03 5.06 8.41 9.38 8.95 9.67
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: 9%
Stock Price CAGR
10 Years: %
5 Years: 29%
3 Years: 20%
1 Year: 47%
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
Equity Capital 27 27 27 27 55 55
Reserves 157 174 198 238 254 295
0 13 0 0 0 8
25 40 37 47 42 93
Total Liabilities 210 255 262 312 351 451
50 41 53 54 58 164
CWIP 0 2 1 5 6 0
Investments 0 0 0 0 44 2
160 212 208 252 243 285
Total Assets 210 255 262 312 351 451

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.54%
5.80% 5.59% 5.55% 5.90% 5.94% 5.93% 5.48% 5.36% 4.61% 4.09% 4.28% 5.18%
3.81% 4.41% 3.88% 0.00% 0.00% 0.80% 0.75% 0.69% 0.69% 0.00% 0.00% 0.00%
22.85% 22.45% 23.03% 26.56% 26.51% 25.73% 26.22% 26.41% 27.15% 28.36% 28.17% 27.26%
No. of Shareholders 14,50917,83120,88235,58345,02551,91157,37657,68956,92653,07952,10146,029

* 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