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Sirca Paints India Ltd.

Sirca Paints India Ltd.

409.65
INR
-10.55
(-2.51%)
11.94EPS
33.71P/E
22.85BMarket Cap
Nov 06Next Earn
Sirca Paints India Ltd.
NSE:SIRCA
(National Stock Exchange of India)

Recent

price

409.65

P/E

ratio

33.71

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
9.39
15.2
17.86
19.31
15.05
16.28
21.2
24.64
26.12
36.5
48.85
56.87
68.18
88.1
90.53
Revenue per Share
0.14
0.54
1.69
1.99
2.5
3.54
4.73
4.59
3.03
5.06
8.41
9.38
8.95
11.63
11.94
Basic EPS, GAAP
0.36
0.6
1.7
1.08
0.97
-5.75
-0.45
-5.5
2.75
2.37
-5.25
5.39
-9.61
2.97
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
1.5
- -
0.75
1
1.5
1.5
1.47
- -
Dividend per Share
0.91
1.27
2.4
3.73
6.23
12.28
30.62
33.69
36.78
41.07
48.44
56.32
63.78
83.66
- -
Book Value per Share
0.91
1.27
2.4
3.73
6.23
12.28
29.71
32.78
35.87
40.17
47.52
55.36
44.31
64.88
- -
Tangible Book Value per Share
37
37
37
37
55
55
55
55
55
55
55
55
55
56
56
Basic Weighted Avg Shares
343
555
653
705
825
892
1,162
1,351
1,432
2,000
2,677
3,117
3,737
4,925
5,083
Sales/Revenue/Turnover
5.94
8.78
10.24
13.02
24.23
15.2
26.8
22.08
14.09
4.43
9.28
6.86
16.34
18.07
17.58
Operating Margin (%)
2
3
5
5
4
6
9
24
36
41
44
60
70
107
110
Depreciation Expense
5
20
62
73
137
194
259
252
166
277
461
514
491
650
670
Net Income, GAAP
33.19
34.5
34.69
34.66
36.43
34.37
29.98
26.41
26.48
26.95
25.76
25.52
25.08
25.33
25.55
Effective Tax Rate (%)
1.47
3.55
9.47
10.31
16.61
21.73
22.29
18.63
11.58
13.86
17.22
16.5
13.13
13.2
13.19
Profit Margin (%)
26
38
93
157
242
414
1,316
1,291
1,561
1,678
2,030
2,413
2,203
3,130
- -
Working Capital
17
13
4
2
- -
2
1
- -
- -
- -
3
- -
417
375
- -
LT Debt
50
70
131
204
341
673
1,678
1,847
2,016
2,251
2,655
3,087
3,496
4,751
- -
Total Equity
- -
18.81
17.82
18.8
30.9
13.55
17.11
12.33
3.56
2.8
7.45
5.53
12.88
14.43
- -
Return on Invested Capital (%)
- -
13.77
28.56
26.2
39.84
35.29
21.58
14.27
8.33
12.62
18.79
17.91
13.89
14.95
- -
Return on Capital (%)
- -
32.88
61.39
43.34
50.24
38.23
22.03
14.27
8.59
12.99
18.8
17.92
14.91
15.77
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
64
- -
LT Borrowings
- -
259
- -
LT Finance Leases
- -
116
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
57
57
57
Market Capitalization
27,638
22,794
22,853

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,874
- -
Cash, Cash Equivalents & STI
- -
1,080
- -
Accounts Receivable, Net
- -
1,552
- -
Inventories
- -
1,106
- -
Total Current Liabilities
- -
744
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
64
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
42.79%
19.01%
35.92%
Free Cash Flow
-73.47%
-189.47%
-131.51%
Net Income, GAAP
29.94%
34.59%
32.54%
Sales/Revenue/Turnover
21.92%
28.33%
31.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
786
1,055
886
1,009
3,737
2026
1,142
1,312
1,128
1,343
4,925
2027
1,300
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.86
2.42
2.09
2.57
8.95
2026
2.59
3.24
2.69
3.16
11.63
2027
2.85
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1.5
2026
- -
- -
- -
- -
1.47
2027
- -
- -
- -
- -
- -
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Business
Sirca Paints India Limited manufactures and distributes premium wood coatings, wall paints, and related finishes in India. The company offers polyurethane polishes, wood stains, polyester products, acrylic finishes, UV coatings, wood fillers, wood care products, handmade and special effects finishes, additives, bicomponent water-borne and solvent-borne pigmented topcoats, nitrocellulose and melamine coatings, thinners, metal coatings for corrosion protection and artistic applications, and glass coatings; it operates under brands including Sirca, Unico, Wembley, and Oikos through an extensive dealer network exceeding 2,400 outlets, over 900 studios, and OEM partnerships across northern, southern, and western India with plans for nationwide expansion to more than 20 branches and 1,400 outlets. Founded in 2006 and headquartered in New Delhi, Sirca Paints imports high-quality products primarily from Sirca S.p.A., Italy, and has established in-house manufacturing for melamine, NC products, economical PU, and other lines at its facility in Sonipat, Haryana. In November 2025, the company extended its strategic partnership with Sirca S.p.A., Italy, until 2041, encompassing distribution, manufacturing license, brand usage rights, and technology transfer for local production of acrylic, UV, and polyester-based wood coatings with a 0.75% royalty on turnover from 2026; it acquired the Wembley brand from Wembley Paints & Chemicals and Indo Wembley Paints Private Limited in late 2024 for Rs 81.5 crore, adding Rs 100 crore in projected revenue; entered an exclusive distribution agreement with Oikos S.p.A., Italy, in 2023 for decorative and textured paints; and launched new Wembley and Oikos product lines while enhancing retail presence under the "Your Italian Autograph" branding initiative.