Sirca Paints India Limited

SIRCA.NS

SIRCA.NSSirca Paints India Limited IN flag

National Stock Exchange of India

422.05

INR

-0.30

(-0.07%)

8.94EPS

47.21P/E

23.13BMarket Cap

Aug 08Next Earn

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ISIN

INE792Z01011

CUSIP

Y806JK108

Return %

Stock

S&P500

17.94

14.32

70.42

59.99

288.99

93.51

Use logarithmic scale

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	TTM
Revenue per Share	9.39	15.2	17.86	19.31	15.05	16.28	21.2	24.64	26.12	36.5	48.85	56.85	- -	68.17
Basic EPS, GAAP	0.14	0.54	1.69	1.99	2.5	3.54	4.73	4.59	3.03	5.06	8.41	9.38	- -	8.94
Free Cash Flow per Basic Share	0.36	0.6	1.7	1.08	0.97	-5.75	-0.45	-5.5	2.75	2.37	-5.25	5.38	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	1.5	- -	0.75	1	1.5	- -	- -
Book Value per Share	1.15	1.69	3.38	5.37	6.08	9.71	15.32	18.41	21.49	25.75	33.13	40.99	- -	9.99
Tangible 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	55.34	- -	44.27
Basic Weighted Avg Shares	37	37	37	37	55	55	55	55	55	55	55	55	- -	55
Sales/Revenue/Turnover	343	555	653	705	825	892	1,162	1,351	1,432	2,000	2,677	3,117	3,740	3,740
Operating Margin (%)	5.94	8.78	10.24	13.02	24.23	29.08	26.8	22.08	14.09	17.35	22.06	20.12	16.17	16.17
Depreciation Expense	2	3	5	5	4	6	9	24	36	41	44	60	70	70
Net Income, GAAP	5	20	62	73	137	194	259	252	166	277	461	514	491	491
Effective Tax Rate (%)	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	25.08
Profit Margin (%)	1.47	3.55	9.47	10.31	16.61	21.73	22.29	18.63	11.58	13.86	17.22	16.5	13.12	13.12
Working Capital	26	38	93	157	242	414	1,316	1,291	1,561	1,678	2,030	2,413	2,203	2,203
LT Debt	17	13	4	2	- -	2	1	- -	- -	- -	3	- -	- -	- -
Total Equity	50	70	131	204	341	673	1,678	1,847	2,016	2,251	2,655	3,087	3,496	3,496
Return on Invested Capital (%)	- -	18.81	17.82	18.8	31.13	26.01	16.49	12.04	7.44	11.56	17.9	16.29	13.78	13.78
Return on Capital (%)	- -	14.5	29.65	26.98	40.8	40.81	36.43	27.19	14.35	20.4	28.56	25.3	35.18	35.18
Return on Common Equity (%)	- -	38.02	66.76	45.54	51.78	44.82	37.76	27.22	15.17	21.42	28.58	25.31	35.09	35.09

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	19.56%	23.2%	19.98%
Net Income, GAAP	28.46%	21.27%	-4.62%
Free Cash Flow	-63.96%	-193.17%	-278.4%
Total Cash Common Dividend	- -	- -	- -
Total Equity	44.73%	13.66%	13.24%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Sanjay Agarwal
Full Time Employees: 515
Sector: Basic Materials
Industry: Chemicals - Specialty
Address: Plot No 50, Badli Industrial Area New Delhi India 110042
IPO Date: Jun 13, 2018
Website: sircapaints.com
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Business: Sirca Paints India Limited engages in the import and distribution of wood, metal, and glass coatings in India. The company provides wood coatings including wood stains, polyurethane polishes, polyester products, acrylic finishes, UV products, wood fillers, wood care products, handmade effects, special effects, and additives; bicomponent water-borne and solvent-borne pigmented topcoats; paints and coatings for metals used in corrosion protection and artistic applications; and nitrocellulose and melamine coatings and thinners. It also exports its products to Nepal, Bangladesh, and Sri Lanka. Sirca Paints India Limited was incorporated in 2006 and is based in Delhi, India.

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	TTM
Revenue per Share	9.39	15.2	17.86	19.31	15.05	16.28	21.2	24.64	26.12	36.5	48.85	56.85	- -	68.17
Basic EPS, GAAP	0.14	0.54	1.69	1.99	2.5	3.54	4.73	4.59	3.03	5.06	8.41	9.38	- -	8.94
Free Cash Flow per Basic Share	0.36	0.6	1.7	1.08	0.97	-5.75	-0.45	-5.5	2.75	2.37	-5.25	5.38	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	1.5	- -	0.75	1	1.5	- -	- -
Book Value per Share	1.15	1.69	3.38	5.37	6.08	9.71	15.32	18.41	21.49	25.75	33.13	40.99	- -	9.99
Tangible 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	55.34	- -	44.27
Basic Weighted Avg Shares	37	37	37	37	55	55	55	55	55	55	55	55	- -	55
Sales/Revenue/Turnover	343	555	653	705	825	892	1,162	1,351	1,432	2,000	2,677	3,117	3,740	3,740
Operating Margin (%)	5.94	8.78	10.24	13.02	24.23	29.08	26.8	22.08	14.09	17.35	22.06	20.12	16.17	16.17
Depreciation Expense	2	3	5	5	4	6	9	24	36	41	44	60	70	70
Net Income, GAAP	5	20	62	73	137	194	259	252	166	277	461	514	491	491
Effective Tax Rate (%)	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	25.08
Profit Margin (%)	1.47	3.55	9.47	10.31	16.61	21.73	22.29	18.63	11.58	13.86	17.22	16.5	13.12	13.12
Working Capital	26	38	93	157	242	414	1,316	1,291	1,561	1,678	2,030	2,413	2,203	2,203
LT Debt	17	13	4	2	- -	2	1	- -	- -	- -	3	- -	- -	- -
Total Equity	50	70	131	204	341	673	1,678	1,847	2,016	2,251	2,655	3,087	3,496	3,496
Return on Invested Capital (%)	- -	18.81	17.82	18.8	31.13	26.01	16.49	12.04	7.44	11.56	17.9	16.29	13.78	13.78
Return on Capital (%)	- -	14.5	29.65	26.98	40.8	40.81	36.43	27.19	14.35	20.4	28.56	25.3	35.18	35.18
Return on Common Equity (%)	- -	38.02	66.76	45.54	51.78	44.82	37.76	27.22	15.17	21.42	28.58	25.31	35.09	35.09

	Sep'25	Dec'25	Mar'25
Total Current Assets	2,832	- -	2,786
Accounts Receivable, Net	864	- -	933
Cash, Cash Equivalents & STI	779	- -	592
Inventories	1,049	- -	1,080
Total Current Liabilities	444	- -	583
Payables & Accruals	- -	- -	- -
ST Debt	- -	- -	- -
Deferred Revenue	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2023	2.13	2.63	1.92	- -	8.41
2024	2.35	2.83	1.92	- -	9.38
2025	1.86	2.42	2.09	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2023	613	729	652	683	2,677
2024	730	836	725	826	3,117
2025	787	1,055	887	1,011	3,740

	Sep'25	Dec'25	Mar'25
ST Debt	- -	- -	- -
LT Borrowings	- -	- -	- -
LT Finance Leases	- -	- -	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	55	- -	55
Market Capitalization	18,500	18,823	13,260

Sirca Paints India Limited

Growth Rates

(avg. rate of change)

Company Description

Growth Rates

(avg. rate of change)

Capital Structure

Working Capital

Quarterly Dividends Per Share

Year

Quarterly Earnings Per Share

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Quarterly Revenue

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