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    Chemicals - Specialty
Sirca Paints India Limited

Sirca Paints India Limited

SIRCA.BO
Sirca Paints India LimitedIN flagBombay Stock Exchange
400.70
INR
-1.55
- -
22.71BMarket Cap
Sirca Paints India Limited
SIRCA.BO
(Bombay Stock Exchange)

Recent

price

400.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
9.39
15.2
17.86
19.31
15.05
16.28
21.2
24.64
26.12
36.5
48.85
56.87
68.17
88.09
88.52
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
11.69
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
1.15
1.69
3.38
5.37
6.08
9.71
15.32
18.41
21.49
25.75
33.13
41.01
48.46
10.16
10.21
Book Value per Share
1.37
1.91
3.6
5.59
6.23
12.28
29.71
32.78
35.87
40.17
47.52
55.36
44.3
65.91
66.23
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
4,925
Sales/Revenue/Turnover
5.94
8.78
10.24
13.02
24.23
29.08
26.8
22.08
14.09
17.35
22.06
20.25
16.19
17.89
17.85
Operating Margin (%)
2
3
5
5
4
6
9
24
36
41
44
60
70
107
107
Depreciation Expense
5
20
62
73
137
194
259
252
166
277
461
514
491
650
650
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
25.33
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
13.2
Profit Margin (%)
26
38
93
157
242
414
1,316
1,291
1,561
1,678
2,030
2,413
2,203
3,130
3,130
Working Capital
17
13
4
2
- -
2
1
- -
- -
- -
3
- -
417
259
259
LT Debt
50
70
131
204
341
673
1,678
1,847
2,016
2,251
2,655
3,087
3,496
4,751
4,751
Total Equity
- -
18.81
17.82
18.8
31.13
26.01
17.1
12.36
7.44
11.56
17.9
16.4
12.83
14.5
14.47
Return on Invested Capital (%)
- -
14.5
29.65
26.98
40.8
40.81
36.43
27.19
14.35
20.4
28.56
25.3
18.2
33.93
33.87
Return on Capital (%)
- -
38.02
66.76
45.54
51.78
44.82
37.76
27.22
15.17
21.42
28.58
25.31
20.01
40.33
40.33
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
83
- -
64
LT Borrowings
369
- -
259
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
57
- -
57
Market Capitalization
26,264
27,013
22,341

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,714
- -
3,874
Cash, Cash Equivalents & STI
1,102
- -
1,100
Accounts Receivable, Net
1,377
- -
1,552
Inventories
1,075
- -
1,106
Total Current Liabilities
656
- -
744
Payables & Accruals
- -
- -
- -
ST Debt
83
- -
64
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
730
836
725
826
3,117
2025
786
1,055
886
1,009
3,737
2026
1,142
1,312
1,128
1,343
4,925

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.35
2.83
1.92
- -
9.38
2025
1.86
2.42
2.09
2.57
8.95
2026
2.59
3.24
2.69
3.16
11.63

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.5
2025
- -
- -
- -
- -
1.5
2026
- -
- -
- -
- -
1.47
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Business
Sirca Paints India Limited Sirca Paints India Limited engages in the manufacturing, importing, distribution, and export of premium wood coatings, decorative wall paints, and related products primarily in India, with exports to Nepal, Bangladesh, and Sri Lanka. Incorporated in 2006 and headquartered in New Delhi, the company offers an extensive portfolio under brands including Sirca for luxury Italian wood coatings, high-end PU finishes, wood stains, acrylic finishes, UV products, wood fillers, special effects, and wall paints; Unico for mass-market wood coatings; Oikos for high-end decorative texture coatings and solid color finishes; Wembley for expanded product lines following its recent acquisition; and Welcome for paint thinners and reducers; it also provides metal coatings for corrosion protection, glass coatings, nitrocellulose and melamine products, bicomponent water-borne and solvent-borne topcoats, and wall primers and putties. Sirca Paints India Limited operates five state-of-the-art manufacturing facilities, including units in Sonipat, Haryana for mass-market wood coatings and in the NCR region for wall paints and putty, serving professional applicators, OEMs, retailers through over 900 studios, and a distribution network spanning northern, southern, and western India with plans to expand to more than 20 branches and 1,400 outlets. In recent developments, the company acquired the Wembley brand in March 2025 to broaden its platform and product portfolio, extended its strategic partnership with Sirca S.p.A. of Italy until 2041 for distribution, manufacturing rights, and technical know-how transfer enabling local production of high-quality wood coatings with a 0.75% royalty on turnover from 2026, and launched new product lines under Wembley and Oikos while investing in brand-building under the "Your Italian Autograph" tagline to target leadership in premium wood and wall finishes segments.