Sirca Paints

Why is Sirca Paints India Ltd falling/rising?

As of 09-Jun, Sirca Paints India Ltd's stock price is rising to 418.90, driven by strong financial performance, including a net-debt-free status and significant growth in operating profit and net sales. Despite some short-term challenges, the stock has outperformed the broader market over the past year.

As of 09-Jun, Sirca Paints India Ltd's stock price is rising, currently at 418.90, reflecting a change of 2.65 (0.64%) upward. This increase can be attributed to several positive factors surrounding the company's performance. Notably, Sirca Paints is net-debt free and has demonstrated healthy long-term growth, with operating profit growing at an annual rate of 59.56%. The company has also reported positive results for the last four consecutive quarters, with net sales in the latest six months reaching Rs 247.08 crore, marking a growth of 30.34%, and profit after tax (PAT) growing by 27.92% to Rs 32.71 crore.<BR><BR>Furthermore, the stock has outperformed the broader market, generating a return of 12.17% over the past year, while the BSE500 index has seen negative returns of -4.42%. This performance is supported by a favorable price-to-earnings growth (PEG) ratio of 1.3, indicating that the stock is trading at a fair value compared to its peers. Despite these positive indicators, it is important to note that the stock has underperformed its sector today by -1.03% and is trading below its moving averages across various time frames, which may suggest some short-term challenges. Additionally, there has been a significant decline in delivery volume, falling by -61.16% against the 5-day average, indicating reduced investor participation. However, the overall positive financial metrics and market-beating performance contribute to the stock's current upward movement.

Which are the latest news on Sirca Paints?

Are Sirca Paints India Ltd latest results good or bad?

Sirca Paints India Ltd's latest results show strong revenue growth of 33.07% year-on-year, reaching ₹134.29 crores, and a net profit increase of 25.30%. However, declining operating margins and lower return on equity raise concerns about future profitability, indicating a mixed overall performance.

Sirca Paints India Ltd's latest results present a mixed picture. On one hand, the company achieved a significant year-on-year revenue growth of 33.07%, reaching ₹134.29 crores in Q4 FY26, which is its highest quarterly revenue to date. Additionally, net profit increased by 25.30% year-on-year to ₹17.68 crores, indicating strong demand recovery, especially in the peak season for the paints and coatings sector.<BR><BR>However, there are notable concerns regarding profitability. The operating margin has declined to 19.14% from 20.40% in the previous quarter, reflecting rising operational costs and competitive pressures. This margin compression, despite robust revenue growth, raises questions about the company's ability to maintain profitability moving forward. The return on equity (ROE) stands at 15.49%, which is below industry leaders, suggesting lower capital efficiency.<BR><BR>Overall, while the revenue growth is impressive, the decline in operating margins and the challenges in sustaining profitability indicate that the results are not entirely positive. Investors may need to monitor how the company addresses these margin pressures in the coming quarters.

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

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.

When is the next results date for Sirca Paints?

The next results date for Sirca Paints is 10 November 2025.

The next results date for Sirca Paints is scheduled for 10 November 2025.

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.

How big is Sirca Paints?

As of 24th July, Sirca Paints India Ltd has a market capitalization of 2,296.00 Cr, with recent net sales of 374.00 Cr and a net profit of 49.06 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Sirca Paints India Ltd has a market capitalization of 2,296.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 374.00 Cr, while the sum of Net Profit for the same period is 49.06 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 308.68 Cr and Total Assets totaling 350.32 Cr.

What does Sirca Paints do?

Sirca Paints India Ltd is a small-cap company in the paints industry, originally founded in 2006 and transitioned to a public limited company in 2018. As of March 2025, it reported net sales of ₹1,011 Cr and a net profit of ₹141 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 underwent several name changes, becoming "Sirca Paints India Private Limited" in 2017 and then "Sirca Paints India Limited" in 2018 when it transitioned from a private to a public limited company. The most recent quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 1,011 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 141 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 2,276 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 47.00 <BR>Industry P/E: 53 <BR>Dividend Yield: 0.36% <BR>Debt-Equity: -0.16 <BR>Return on Equity: 14.03% <BR>Price to Book: 6.48 <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

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.

Who are the peers of the Sirca Paints?

Sirca Paints' peers include Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, Indigo Paints, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan. In terms of management risk, growth, and capital structure, Sirca Paints shows average performance, with a 1-year return of 13.11%.

Peers: The peers of Sirca Paints are Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, Indigo Paints, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan.<BR><BR>Quality Snapshot: Excellent management risk is observed at Asian Paints, Berger Paints, and Akzo Nobel, while Good management risk is found at Kansai Nerolac and Indigo Paints. Average management risk is present at Sirca Paints and MCON Rasayan, while Below Average management risk is noted at Shalimar Paints and Kamdhenu Venture. Retina Paints does not qualify for management risk assessment. In terms of growth, Excellent growth is seen at Sirca Paints and MCON Rasayan, Average growth is noted at Asian Paints, Berger Paints, and the rest, while Below Average growth is observed at Kansai Nerolac, Akzo Nobel, Indigo Paints, Shalimar Paints, and Kamdhenu Venture. Retina Paints does not qualify for growth assessment. For capital structure, Excellent capital structure is found at Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, Indigo Paints, and Kamdhenu Venture, while Average capital structure is present at Sirca Paints and MCON Rasayan, and Below Average capital structure is noted at Shalimar Paints.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Akzo Nobel at 17.39%, while Kamdhenu Venture has the lowest at -74.24%. Sirca Paints has a 1-year return of 13.11%, which is significantly higher than Kamdhenu Venture but lower than Akzo Nobel. Additionally, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan all have negative six-month returns.

Who are in the management team of Sirca Paints?

As of March 2020, the management team of Sirca Paints includes Sanjay Agarwal (Chairman & Managing Director), Apoorv Agarwal (Joint Managing Director), and several independent directors, along with company secretaries and additional directors, responsible for the company's operations and strategic direction.

As of March 2020, the management team of Sirca Paints includes:<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 is responsible for overseeing the operations and strategic direction of the company.

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.