Sirca Paints

Why is Sirca Paints India Ltd falling/rising?

As of 18-Jul, Sirca Paints India Ltd's stock price is declining at Rs. 392.00, having hit a 52-week low of Rs. 385.5, and underperformed its sector. The stock has decreased by -7.24% over the year, contrasting with a broader market decline of -4.99%, indicating a bearish trend despite some positive long-term growth factors.

As of 18-Jul, Sirca Paints India Ltd is experiencing a decline in its stock price, currently at Rs. 392.00, which reflects a change of -2.0 (-0.51%). The stock has hit a new 52-week low of Rs. 385.5 today and has underperformed its sector by -1.4%. Over the past week, the stock has decreased by -0.29%, while the benchmark Sensex has risen by +0.75%. In the last month, the stock has fallen by -5.20%, contrasting with the Sensex's increase of +1.29%.<BR><BR>The stock's performance has been notably poor over the year, with a return of -7.24%, while the broader market has only declined by -4.99%. Additionally, the stock has consistently traded below its moving averages across various time frames, indicating a bearish trend. Despite some positive factors, such as being net-debt free and having shown healthy long-term growth in operating profit, the overall sentiment remains negative due to its underperformance relative to the market and its sector.<BR><BR>Furthermore, while there has been an increase in investor participation, with a 33.91% rise in delivery volume, the stock's recent performance and the fact that it has underperformed both the BSE500 and its peers over various periods contribute to the current downward pressure on its price. Overall, the combination of poor short-term performance, recent lows, and underperformance against benchmarks are key reasons for the decline in Sirca Paints India Ltd's stock price.

Which are the latest news on Sirca Paints?

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.

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.

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.