Sirca Paints

Why is Sirca Paints India Ltd falling/rising?

As of 04-Aug, Sirca Paints India Ltd's stock price is rising to 437.70, driven by strong investor interest and positive financial performance, including significant growth in operating profit and net sales. The company is net-debt free, and institutional investors have increased their stake, indicating confidence in its fair valuation.

As of 04-Aug, Sirca Paints India Ltd's stock price is rising, currently at 437.70, reflecting an increase of 7.1 points or 1.65%. This upward movement can be attributed to several positive factors. The stock has outperformed its sector by 1.97% today and has shown a strong performance over the past five days, gaining 11.82%. Additionally, the stock reached an intraday high of Rs 439.55, indicating strong buying interest.<BR><BR>Investor participation has also increased, with a delivery volume of 2.25 lacs on 03 Aug, which is up by 22.91% compared to the five-day average. This suggests heightened interest and confidence among investors. Furthermore, the company is net-debt free and has demonstrated healthy long-term growth, with operating profit growing at an annual rate of 49.31%. Positive results over the last five consecutive quarters, including a 24.12% growth in net sales and a 23.01% increase in profit after tax, further bolster investor sentiment.<BR><BR>Institutional investors have increased their stake in the company by 3.31% in the previous quarter, indicating confidence from more sophisticated investors. The stock is trading at a fair valuation compared to its peers, with a price-to-book value of 5.2 and a PEG ratio of 1.7, suggesting that it is attractively valued despite a slight decline in returns over the past year. Overall, these factors contribute to the rising stock price of Sirca Paints India Ltd.

Which are the latest news on Sirca Paints?

Are Sirca Paints India Ltd latest results good or bad?

Sirca Paints India Ltd's latest Q1 FY27 results show a 14.15% year-on-year net profit increase to ₹16.21 crore and a 13.80% revenue growth to ₹130.01 crore. However, there are concerns due to sequential declines in both profit and revenue, along with contracting operating margins, indicating potential challenges ahead.

Sirca Paints India Ltd's latest results for Q1 FY27 present a mixed picture. On one hand, the company reported a net profit of ₹16.21 crore, which is a 14.15% increase year-on-year, indicating positive growth compared to the same quarter last year. Additionally, revenue grew by 13.80% year-on-year to ₹130.01 crore. <BR><BR>However, there are significant concerns regarding sequential performance. Both net profit and revenue saw declines of 8.31% and 3.19% respectively compared to the previous quarter. This suggests a slowdown in demand or seasonal softness following a strong fourth quarter. <BR><BR>Moreover, the operating margin has contracted, falling to 18.62% from 19.14% in the previous quarter and from 19.75% a year ago. This decline in margins raises questions about the company's ability to manage costs effectively in a competitive environment.<BR><BR>Overall, while the year-on-year growth figures are encouraging, the quarterly declines and margin pressures indicate challenges that could impact future profitability. Investors may view the results as a warning sign, suggesting a cautious approach moving forward.

Should I buy, sell or hold Sirca Paints India Ltd?

When is the next results date for Sirca Paints India Ltd?

The next results date for Sirca Paints India Ltd is 28 July 2026.

The next results date for Sirca Paints India Ltd is scheduled for 28 July 2026.

What does Sirca Paints do?

Sirca Paints India Ltd is a small-cap company in the paints industry, originally founded in 2006 and publicly listed since 2018. As of March 2026, it reported net sales of 134 Cr and a net profit of 18 Cr, with a market cap of INR 2,375 Cr.

Overview: <BR>Sirca Paints India Ltd operates in the paints industry and is categorized as a small-cap company.<BR><BR>History: <BR>Sirca Paints India Limited was originally incorporated in 2006 as "Sircolor Wood Coatings Private Limited." The company changed its name to "Sirca Paints India Private Limited" in 2017 and transitioned from a private to a public company, adopting its current name on January 17, 2018. The latest quarterly results reported net sales and net profit for March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 134 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 18 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 2,375 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 36.00 <BR>Industry P/E: 52 <BR>Dividend Yield: 0.35% <BR>Debt-Equity: -0.16 <BR>Return on Equity: 13.68% <BR>Price to Book: 5.00 <BR><BR>Contact Details: <BR>Address: Plot No 50 Phase-2, Badli Industrial Area Delhi Delhi : 110042 <BR>Email: admin@sircapaints.com <BR>Website: http://www.sircapaints.com

How big is Sirca Paints?

As of 10th June, Sirca Paints India Ltd has a market capitalization of 2,375.00 Cr, with recent net sales of 492.49 Cr and a net profit of 65.01 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Sirca Paints India Ltd has a market capitalization of 2,375.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 492.49 Cr, while the sum of Net Profit for the same period is 65.01 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds are valued at 349.57 Cr, and Total Assets amount to 450.07 Cr.

Who are in the management team of Sirca Paints?

The management team of Sirca Paints includes Chairman & Managing Director Sanjay Agarwal, Joint Managing Director Apoorv Agarwal, and several independent directors, along with company secretaries and non-executive members, all contributing to the company's governance and strategic direction.

The management team of Sirca Paints includes the following key members:<BR><BR>1. **Sanjay Agarwal** - Chairman & Managing Director<BR>2. **Apoorv Agarwal** - Joint Managing Director<BR>3. **Gurjit Singh Bains** - Independent Director<BR>4. **Sanjay Kapoor** - Independent Director<BR>5. **Chahat Mahajan** - Company Secretary<BR>6. **Ugo Pelosin** - Non-Executive Director<BR>7. **Anil Kumar Mehrotra** - Independent Director<BR>8. **Anu Chauhan** - Independent Director<BR>9. **Shyam Lal Goyal** - Independent Director<BR>10. **Aman Arora** - Additional Director<BR>11. **Hira Kumar** - Company Secretary & Compliance Officer<BR><BR>This team plays a crucial role in the governance and strategic direction of the company.

Who are the peers of the Sirca Paints?

Sirca Paints' peers include Asian Paints, Berger Paints, Kansai Nerolac, JSW Dulux, Indigo Paints, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan. Sirca Paints shows excellent growth and capital structure, with a 1-year return of 8.12%, while Asian Paints leads with a 21.95% return.

Peers: The peers of Sirca Paints are Asian Paints, Berger Paints, Kansai Nerolac, JSW Dulux, Indigo Paints, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan.<BR><BR>Quality Snapshot: Excellent management risk is observed at Asian Paints and JSW Dulux, while Good management risk is found at Berger Paints, Kansai Nerolac, Indigo Paints, and the rest. Average management risk is attributed to Sirca Paints, while Below Average management risk is noted for Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan. In terms of Growth, Excellent growth is seen at Sirca Paints, while Average growth is found at Kamdhenu Venture and the rest. Below Average growth is observed at Berger Paints, Kansai Nerolac, JSW Dulux, Indigo Paints, Shalimar Paints, Retina Paints, and MCON Rasayan. Excellent capital structure is noted for Asian Paints, JSW Dulux, and Sirca Paints, while Good capital structure is seen at Kamdhenu Venture, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Asian Paints at 21.95%, while the lowest is Shalimar Paints at -48.62%. Sirca Paints has a 1-year return of 8.12%, which is positive compared to Shalimar Paints but lower than Asian Paints. Additionally, several peers, including Shalimar Paints, Kamdhenu Venture, Indigo Paints, and Retina Paints, have negative six-month returns.

Is Sirca Paints technically bullish or bearish?

As of December 1, 2025, Sirca Paints shows a mildly bullish trend, supported by daily moving averages, despite some short-term weakness indicated by weekly MACD and KST, while Bollinger Bands also reflect a mildly bullish outlook.

As of 1 December 2025, the technical trend for Sirca Paints has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages indicating a positive trend. However, the weekly MACD and KST are mildly bearish, suggesting some short-term weakness. The Bollinger Bands are showing mildly bullish signals on both weekly and monthly time frames, which supports the overall mildly bullish outlook. The lack of signals from the RSI and OBV indicates a neutral stance in those areas. Overall, while there are mixed signals, the prevailing trend remains mildly bullish.

How has been the historical performance of Sirca Paints?

Sirca Paints has shown consistent growth in net sales, increasing from INR 135.05 crore in March 2020 to INR 373.68 crore in March 2025, with profits fluctuating but overall rising, including a profit after tax of INR 49.06 crore in March 2025. The company's total assets and cash flow from operating activities have also improved significantly during this period.

Answer:<BR>The historical performance of Sirca Paints shows a consistent growth trend in net sales and profits over the years.<BR><BR>Breakdown:<BR>Sirca Paints has demonstrated significant growth in net sales, increasing from INR 135.05 crore in March 2020 to INR 373.68 crore in March 2025. This upward trend is reflected in total operating income, which rose from INR 135.05 crore to INR 373.68 crore during the same period. The company's total expenditure, excluding depreciation, also increased, reaching INR 306.24 crore in March 2025, up from INR 103.99 crore in March 2020. Operating profit (PBDIT) has fluctuated, peaking at INR 75.03 crore in March 2024 before slightly declining to INR 72.60 crore in March 2025. Profit before tax followed a similar pattern, with a high of INR 69.06 crore in March 2024, dropping to INR 65.48 crore in March 2025. Profit after tax also saw growth, reaching INR 49.06 crore in March 2025, although it was lower than the previous year's INR 51.43 crore. The company's total assets increased from INR 208.88 crore in March 2020 to INR 450.07 crore in March 2025, while total liabilities rose from INR 208.88 crore to INR 450.07 crore in the same timeframe. Cash flow from operating activities improved significantly, reaching INR 54 crore in March 2025, compared to a negative cash flow of INR 18 crore in March 2023. Overall, Sirca Paints has shown a strong growth trajectory in sales and profits, despite some fluctuations in profit margins and cash flow.

Is Sirca Paints overvalued or undervalued?

As of August 8, 2025, Sirca Paints is considered overvalued with a PE ratio of 46.95 and a valuation grade of expensive, despite outperforming the Sensex with a year-to-date return of 34.21%.

As of 8 August 2025, the valuation grade for Sirca Paints has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued based on its financial ratios, with a PE ratio of 46.95, a Price to Book Value of 7.13, and an EV to EBITDA of 32.06. These figures suggest that the stock is trading at a premium compared to its earnings and book value.<BR><BR>In comparison to its peers, Sirca Paints' valuation stands out as expensive, especially when compared to Asian Paints with a PE of 61.63 and Berger Paints at 54.35, which is rated as fair. Other competitors like Kansai Nerolac and Indigo Paints are rated attractive, with PE ratios of 29.44 and 38.88, respectively. Notably, Sirca Paints has outperformed the Sensex in recent periods, with a year-to-date return of 34.21% compared to the Sensex's 2.20%, but this strong performance does not negate the current overvaluation based on its financial metrics.

Who are the top shareholders of the Sirca Paints?

The top shareholders of Sirca Paints include promoter Sanjay Agarwal with 32.41%, 13 foreign institutional investors holding 4.28%, and Sirca S.p.a as the largest public shareholder at 3.83%. Individual investors own 23.78% of the shares, with no pledged promoter holdings reported.

The top shareholders of Sirca Paints include the promoters, with Sanjay Agarwal holding the highest stake at 32.41%. Additionally, there are 13 foreign institutional investors (FIIs) who collectively hold 4.28% of the company. The highest public shareholder is Sirca S.p.a, which owns 3.83%. Individual investors also have a significant presence, holding 23.78% of the shares. Overall, the majority of the shares are held by promoters, with no pledged promoter holdings reported.

What is the bonus history of the Sirca Paints?

Sirca Paints has a history of issuing bonus shares, with the latest being a 1:1 bonus announced on May 11, 2023, and a 1:2 bonus issued on July 10, 2019. This demonstrates the company's commitment to rewarding its shareholders.

Sirca Paints has a notable bonus history. The most recent bonus issue was a 1:1 bonus announced on May 11, 2023. Prior to that, on July 10, 2019, the company issued a 1:2 bonus, with the ex-date being July 9, 2019. This reflects the company's approach to rewarding its shareholders through bonus shares over the years. If you have any more questions about Sirca Paints or need further details, feel free to ask!

Has Sirca Paints declared dividend?

Yes, Sirca Paints India Ltd has declared a 15% dividend, amounting to ₹1.5 per share, with an ex-date of August 22, 2024. The dividend yield is 0.41%, and total returns have been stronger in the short term compared to longer periods.

Sirca Paints India Ltd has declared a 15% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 15%<BR>- Amount per share: 1.5<BR>- Ex-date: 22 Aug 24<BR><BR>Dividend Yield: 0.41%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 7.42%, with no dividend return, resulting in a total return of 7.42%.<BR><BR>Over the 1-year period, the price return was 16.38%, with a dividend return of 0.46%, leading to a total return of 16.84%.<BR><BR>For the 2-year period, the price return was 15.95%, the dividend return was 0.84%, resulting in a total return of 16.79%.<BR><BR>In the 3-year period, there was no price return or dividend return, resulting in a total return of 0.0%.<BR><BR>For the 4-year period, there was no price return or dividend return, leading to a total return of 0.0%.<BR><BR>In the 5-year period, there was no price return or dividend return, resulting in a total return of 0.0%.<BR><BR>Overall, Sirca Paints has declared a dividend, contributing to a modest yield, while the total returns over the past periods indicate stronger performance in the shorter terms compared to the longer terms, where returns have stagnated.