SIRCA Paints India Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.
PROS
- Company has delivered good profit growth of 31.4% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 21.0%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 28.0% CAGR over last 5 years
CONS
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -2.4pp
- Operating margins have contracted to 20.1% from 24.9%
- Growth is decelerating - 3Y profit CAGR (12.1%) trails the 5Y trend (31.4%)
- Expensive relative to growth - PEG of 3.0
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINT | 2480.00 | 49.92 | 237881.05 | 1.11 | 1559.45 | 39.60 | 10541.94 | 18.12 | 28.22 | 20.93 |
| BERGEPAINT | 463.75 | 44.45 | 54073.38 | 0.86 | 405.01 | 28.56 | 3583.75 | 11.97 | 23.14 | 17.28 |
| KANSAINER | 190.80 | 25.71 | 15431.50 | 1.31 | 228.41 | 5.95 | 2373.59 | 9.79 | 12.44 | 13.83 |
| JSWDULUX | 3182.40 | 7.38 | 14492.75 | 6.47 | 79.70 | -12.42 | 965.00 | -3.02 | 125.82 | 11.93 |
| INDIGOPNTS | 1079.25 | 32.02 | 5151.54 | 0.46 | 41.70 | 60.04 | 369.67 | 19.69 | 18.37 | 16.78 |
| SIRCA | 431.40 | 36.56 | 2450.04 | 0.46 | 16.21 | 14.09 | 130.00 | 13.80 | 20.28 | 18.62 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 73 | 84 | 72 | 83 | 79 | 105 | 89 | 101 | 114 | 131 | 113 | 134 | 130 | |
| 56 | 62 | 59 | 66 | 65 | 87 | 73 | 82 | 92 | 104 | 90 | 109 | 109 | |
| Operating Profit | 17 | 21 | 14 | 16 | 14 | 19 | 15 | 19 | 23 | 27 | 23 | 26 | 21 |
| OPM % | 23.81% | 25.45% | 19.00% | 19.66% | 17.89% | 17.97% | 17.43% | 18.81% | 19.75% | 20.89% | 20.40% | 19.14% | 15.79% |
| 1 | 1 | 2 | 2 | 1 | 1 | 2 | 1 | 0 | 1 | 1 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before Tax | 18 | 21 | 14 | 17 | 14 | 18 | 16 | 18 | 19 | 24 | 20 | 23 | 22 |
| Tax % | 26.54% | 25.75% | 24.01% | 25.49% | 26.70% | 26.10% | 26.25% | 21.83% | 25.95% | 26.03% | 26.43% | 23.10% | 26.80% |
| Net Profit | 0 | 0 | 0 | 0 | 10 | 13 | 11 | 14 | 14 | 18 | 15 | 18 | 16 |
| 2.35 | 2.83 | 1.92 | 2.28 | 1.86 | 2.42 | 2.09 | 2.57 | 2.59 | 3.24 | 2.69 | 3.16 | 2.85 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 135 | 143 | 200 | 268 | 312 | 374 | 492 | 508 | |
| 104 | 131 | 162 | 206 | 243 | 306 | 394 | 412 | |
| Operating Profit | 31 | 12 | 38 | 62 | 69 | 67 | 99 | 97 |
| OPM % | 23.01% | 8.56% | 18.88% | 23.05% | 22.03% | 18.05% | 20.07% | 19.01% |
| 6 | 14 | 4 | 5 | 6 | 5 | 4 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 |
| Depreciation | 2 | 4 | 4 | 4 | 6 | 7 | 11 | 11 |
| Profit before Tax | 34 | 23 | 38 | 62 | 69 | 65 | 87 | 90 |
| Tax % | 26.41% | 26.48% | 26.95% | 25.76% | 25.52% | 25.08% | 25.33% | 25.56% |
| Net Profit | 25 | 17 | 28 | 46 | 51 | 49 | 65 | 67 |
| EPS | 0.00 | 6.05 | 5.06 | 8.41 | 9.38 | 8.95 | 11.45 | — |
| Dividend Payout % | 16.34% | 24.79% | 19.77% | 8.92% | 15.98% | 16.76% | 17.47% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 28%
- 3 Years:
- 23%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 31%
- 3 Years:
- 12%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 21%
- 3 Years:
- 2%
- 1 Year:
- -7%
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 |
| 157 | 174 | 198 | 238 | 254 | 295 | 418 | |
| 0 | 13 | 0 | 0 | 1 | 42 | 38 | |
| Trade Payables | 20 | 35 | 31 | 37 | 33 | 39 | 54 |
| 13 | 10 | 15 | 25 | 27 | 36 | 42 | |
| Total Liabilities | 218 | 260 | 271 | 328 | 368 | 467 | 609 |
| 53 | 41 | 53 | 54 | 58 | 164 | 174 | |
| Capital Work in Progress | 0 | 2 | 1 | 5 | 6 | 0 | 10 |
| 0 | 0 | 0 | 0 | 44 | 2 | 57 | |
| 51 | 65 | 70 | 100 | 95 | 108 | 111 | |
| 0 | 0 | 0 | 0 | 66 | 93 | 155 | |
| Cash & Bank | 50 | 79 | 83 | 52 | 70 | 54 | 58 |
| 63 | 73 | 65 | 115 | 30 | 45 | 44 | |
| Total Assets | 218 | 260 | 271 | 328 | 368 | 467 | 609 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 4 | 25 | 46 | 0 | 42 | 54 | 44 | |
| Cash from Investing | 5 | 15 | -11 | 9 | -21 | -45 | -70 |
| Cash from Financing | -8 | -0 | -17 | -6 | -8 | -8 | 39 |
| -11 | 34 | 7 | -15 | 12 | 1 | 13 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-20 - The Exchange has sought clarification from Sirca Paints India Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.
2026-08-12 - Sirca Paints India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-11 - Sirca Paints India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 11, 2026
2026-07-29 - Sirca Paints India Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-28 - Sirca Paints India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-07-28 - Sirca Paints India Limited has informed the Exchange about Investor Presentation
2026-07-28 - Sirca Paints India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
2026-07-28 - Sirca Paints India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-21 - Sirca Paints India Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for SIRCA
Loading news…
AI Stock Analyst
SIRCA Paints India Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account

