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Sirca Paints India

SIRCA NSE
₹408.65 −0.20 (−0.05%)
P/E
34.60
View as Markdown
MCP
Close 4 Nov 2026 ₹408.65 −95.45 −18.9% 1Y
Start ₹504.10

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
20.30%
Debt to Equity
0.07
EPS (TTM)
₹11.81
Book Value
₹83.66
Market Cap
—
P/E (TTM)
34.60
P/B
4.88
ROE
15.80%
Dividend Yield
0.49%
EBITDA
₹103 Cr
52W High
₹539.00
52W Low
₹385.00
Day Range
₹404.50 – ₹416.00
Volume
9,83,864

Peer Comparison

Consumer Discretionary › Consumer Goods › Paints

Sirca Paints peer comparison
Asian Paints
₹2,418.3047.93₹2,32,001 Cr10.670.24%21.80%26.30%₹38,632 Cr₹4,903 Cr
Berger Paints
₹485.1046.47₹55,927 Cr8.180.83%17.30%21.60%₹12,263 Cr₹1,217 Cr
Kansai Nerolac Paints
₹195.3226.32₹15,207 Cr2.351.34%8.82%12.00%₹8,263 Cr₹588 Cr
JSW Dulux
₹263.70—₹11,895 Cr4.9079.15%19.30%23.00%₹3,578 Cr₹1,963 Cr
Indigo Paints
₹859.8525.40₹4,116 Cr3.470.58%13.40%17.90%₹1,385 Cr₹161 Cr
Sirca Paints (this company)
₹408.6534.60₹2,345 Cr4.880.49%15.80%20.30%₹508 Cr₹67 Cr
Shalimar Paints
₹78.28—₹665 Cr7.200.00%−21.40%−7.93%₹559 Cr−₹69 Cr
Median 7 companies₹408.6534.60₹11,895 Cr4.900.58%15.80%20.30%₹3,578 Cr₹588 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

Category scores

Quality
67
Strong
Returns, margins, earnings quality 22% weight
Valuation
35
Poor
Cheap vs sector & own history 24% weight
Growth
72
Strong
Sales & profit trajectory 9% weight
Financial Health
90
Strong
Solvency, leverage, coverage 9% weight
Momentum
39
Weak
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company's median sales growth is 18.7% of last 10 years

Weaknesses

1
  • Debtor days have increased from 94.5 to 115 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1243
OscillatorsBullish243
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
44.90
Neutral
MACD (12,26,9)
−2.12
Bearish
SMA (50)
418.69
Bearish
SMA (200)
428.75
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+21.36%
5Y+28.40%
3Y+23.06%
1Y+32.26%
TTM+24.21%

Net profit

Net profit growth by window
10Y+24.96%
5Y+30.77%
3Y+12.22%
1Y+32.65%
TTM+28.85%

Operating cash flow

Operating cash flow growth by window
10Y+24.29%
5Y+18.29%
3YTurned positive
1Y−18.52%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+6.04 pp
5Y+11.61 pp
3Y−3.36 pp
1Y+2.11 pp
TTM+1.11 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹83.00 Cr
Mar 2018₹89.00 Cr
Mar 2019₹116 Cr
Mar 2020₹134 Cr
Mar 2021₹141 Cr
Mar 2022₹196 Cr
Mar 2023₹264 Cr
Mar 2024₹311 Cr
Mar 2025₹372 Cr
Mar 2026₹492 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹14.00 Cr
Mar 2018₹19.00 Cr
Mar 2019₹26.00 Cr
Mar 2020₹25.00 Cr
Mar 2021₹17.00 Cr
Mar 2022₹28.00 Cr
Mar 2023₹46.00 Cr
Mar 2024₹51.00 Cr
Mar 2025₹49.00 Cr
Mar 2026₹65.00 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹125 Cr +21.3% vs FY26
Reported High Mean Low

Quarterly Results

₹ Cr
SIRCA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
73
84
72
83
79
105
89
101
114
131
113
134
130
Expenses
56
62
59
66
65
86
73
82
92
104
90
109
106
Operating Profit
17
21
14
16
14
19
15
19
23
27
23
26
24
OPM %
24%
25%
19%
20%
18%
18%
17%
19%
20%
21%
20%
19%
19%
Other Income
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
PBT
18
21
14
17
14
18
16
18
19
24
20
23
22
Tax %
27%
26%
24%
26%
27%
26%
26%
22%
26%
26%
26%
23%
27%
Net Profit
13
16
11
13
10
13
11
14
14
18
15
18
16
EPS (₹)
2.35
2.83
1.92
2.28
1.86
2.42
2.09
2.58
2.59
3.19
2.65
3.12
2.85

Profit & Loss

₹ Cr
SIRCA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
65
71
83
89
116
134
141
196
264
311
372
492
508
Expenses
60
61
62
63
84
103
128
158
202
243
304
394
408
Operating Profit
6
10
20
26
32
31
12
38
62
69
67
99
100
OPM %
9%
14%
25%
29%
27%
23%
9%
20%
23%
22%
18%
20%
20%
Other Income
4
2
2
4
6
6
14
4
5
6
5
4
5
Interest
0
0
0
0
0
0
0
0
0
0
0
5
5
Depreciation
0
1
0
1
1
2
4
4
4
6
7
11
11
PBT
9
11
22
30
37
34
23
38
62
69
65
87
90
Tax %
35%
35%
36%
34%
30%
26%
27%
27%
26%
26%
25%
25%
—
Net Profit
6
7
14
19
26
25
17
28
46
51
49
65
67
EPS (₹)
1.67
1.97
3.71
4.82
4.73
4.59
3.03
5.06
8.41
9.39
8.96
11.45
11.81
Div. Payout %
0%
0%
0%
0%
7%
16%
25%
20%
9%
16%
17%
17%
—

Balance Sheet

₹ Cr
SIRCA balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.1
0.1
0.1
13
18
27
27
27
27
55
55
57
Reserves
13
20
34
54
150
157
174
198
238
254
295
418
Borrowings
12
11
4
5
0
0
13
0
0
0
50
32
Other Liabilities
8
14
23
22
23
25
40
37
47
42
51
81
Total Liabilities
33
45
61
95
191
210
255
262
312
351
451
589
Fixed Assets
2
2
8
20
25
50
41
53
54
58
164
174
CWIP
0
0
0
0
9
0
2
1
5
6
0
10
Investments
2
3
2
0
0
0
0
0
0
44
2
57
Other Assets
29
40
51
75
157
160
212
208
252
243
285
348
Total Assets
33
45
61
95
191
210
255
262
312
351
451
589

Cash Flow

₹ Cr
SIRCA cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
5
11
−1
12
−8
19
35
−19
42
54
44
Investing
—
−1
−5
−13
−71
5
15
−11
9
−21
−45
−70
Financing
—
−1
−7
16
68
−8
0
−17
−6
−8
−8
39
Net Cash Flow
—
2
−2
1
9
−11
34
7
−15
12
1
14
Free Cash Flow
—
4
5
−14
−2
−29
26
19
−29
32
−53
17
CFO/EBITDA
—
94
53
−5
76
13
204
121
0
80
105
67

Ratios

SIRCA financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
62
83
106
137
125
124
112
85
71
77
92
115
Inventory Days
26
45
76
120
144
265
282
217
248
206
198
151
Days Payable
22
44
70
56
92
105
151
98
90
70
71
74
Cash Conversion Cycle
67
84
112
201
177
285
242
204
229
213
218
193
Working Capital Days
44
4
48
126
157
223
200
159
209
150
161
152
ROCE %
—
40%
63%
54%
31%
19%
11%
18%
25%
24%
19%
20%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Sirca Paints insights

56 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 65.19%
  • Public 19.61%
  • Others 6.57%
  • FIIs 4.64%
  • DIIs 3.99%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Sirca Paints India

What does Sirca Paints India Ltd do?
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’.
Where is Sirca Paints India Ltd (SIRCA) listed?
Sirca Paints India Ltd trades as SIRCA on the NSE and under code 543686 on the BSE.
Which sector does Sirca Paints India Ltd belong to?
Sirca Paints India Ltd is classified under the Consumer Goods sector, in the Paints industry.
What is the PE ratio of Sirca Paints India Ltd?
Sirca Paints India Ltd trades at a PE ratio of 34.60 as of 4 Nov 2026, on earnings per share of ₹11.81, against a book value of ₹83.66 per share.
What is the 52-week high and low of Sirca Paints India Ltd?
Over the last 52 weeks Sirca Paints India Ltd has traded between ₹385 and ₹539 as of 4 Nov 2026.
Does Sirca Paints India Ltd pay dividends?
Sirca Paints India Ltd has a dividend yield of 0.49%.
What is the Return on Equity (ROE) of Sirca Paints India Ltd?
Sirca Paints India Ltd reported a return on equity of 15.80%. Its debt-to-equity ratio is 0.07.

Company Information

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’.

Listed 22 Jul 2019
Face Value ₹10

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