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 ₹ 2,228 Cr.
- Current Price ₹ 393
- High / Low ₹ 539 / 385
- Stock P/E 34.3
- Book Value ₹ 83.7
- Dividend Yield 0.51 %
- ROCE 20.3 %
- ROE 15.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 134 | 141 | 196 | 264 | 311 | 372 | 492 | |
| 103 | 128 | 158 | 202 | 243 | 304 | 394 | |
| Operating Profit | 31 | 12 | 38 | 62 | 69 | 67 | 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% | 17% | 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: | 3% |
| 1 Year: | -6% |
| 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 | 50 | 32 | |
| 25 | 40 | 37 | 47 | 42 | 51 | 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 | 152 |
| ROCE % | 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 count ・Standalone data |
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| Number of Dealers & Distributors count ・Standalone data |
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| Number of OEM Clients count ・Standalone data |
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| Installed Capacity - Wood Coatings tonnes per annum ・Standalone data |
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| Capacity Utilization - Core Sonipat Plant % ・Standalone data |
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| Sirca Parivar App - Registered Contractors count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Notice Of Board Meeting
2d - Board meeting on July 28, 2026 to approve Q1 FY27 unaudited standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Please find the enclosed copies of Newspaper Publication for Notice of 21st AGM of the Company
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Reg. 34 (1) Annual Report.
2d - Sirca Paints filed FY26 annual report; 21st AGM on 11 Aug 2026 via VC/OAVM, e-voting 6–10 Aug.
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Business Responsibility and Sustainability Reporting (BRSR)
2d - Sirca Paints filed its FY2025-26 BRSR as part of the annual report.
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TWENTY-FIRST ANNUAL GENERAL MEETING ('AGM')
OF THE MEMBERS OF SIRCA PAINTS INDIA LIMITED WILL BE HELD ON TUESDAY, AUGUST 11, 2026 AT 12:30 P.M. IST THROUGH VIDEO CONFERENCING ('VC') / OTHER AUDIO-VISUAL MEANS ('OAVM')
2d - FY26 annual report filed; 21st AGM on August 11, 2026 via VC/OAVM.
Annual reports
Concalls
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May 2026Transcript PPT REC
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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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Aug 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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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]