Check Before You Invest : Retina Paints Ltd

Q: Which industry/sub-sector does Retina Paints Ltd belong to?

Retina Paints Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Paints segment.

Q: Is Retina Paints Ltd a good quality company?

Retina Paints Ltd is a quality company, based on a multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Retina Paints Ltd undervalued or overvalued?

Retina Paints Ltd appears Overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 68.23, Historic Median: 146.52. Price to Book, Current: 2.61, Historic Median: 3.13. Price to Sales, Current: 4.31, Historic Median: 7.96. EV to EBITDA, Current: 29.44, Historic Median: 55.58

Q: Is Retina Paints Ltd a good buy now?

Retina Paints Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Retina Paints Ltd?

Retina Paints Ltd revenue growth is 76.8% for FY-2025, which is above its 5-year CAGR of 24.84%, indicating faster growth.

Q: Gross Profit margin of Retina Paints Ltd?

Retina Paints Ltd Gross profit margin which is the profit after deduction of direct costs, is 10.9% for FY-2025, which is above its 5-year median of 6.6%, indicating increasing margins.

Q: Operating Profit Margin of Retina Paints Ltd?

Retina Paints Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 14.35% for FY-2025, which is above its 5-year median of 7.5% indicating increasing margins.

Q: Net Profit Margin of Retina Paints Ltd?

Retina Paints Ltd Net Profit Margin is 6.32% for FY-2025, is above its 5-year median of 2.75%, indicating increasing margins. Profitability Metrics. Gross Profit Margin (%), Current: 10.9, Historic Median: 6.6. Operating Profit Margin (%), Current: 14.35, Historic Median: 7.5. Net Profit Margin (%), Current: 6.32, Historic Median: 2.75

Q: Return on Asset of Retina Paints Ltd?

Retina Paints Ltd Return on Asset is 2.95%, which is above its 5-year historical median of 1.9%, indicating improved asset utilization efficiency.

Q: Return on capital employed (ROCE) of Retina Paints Ltd?

Retina Paints Ltd Return on capital employed is 8.06% for FY-2025, which is in line with its 5-year historical median of 7.87%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Check Before You Invest : Retina Paints Ltd

BSE: 543902 NSE: ISIN: INE0NTC01019

| Sector: Chemicals & Fertilizers | Industry: Paints

Snapshot

Q.1 Which industry/sub-sector does Retina Paints Ltd belong to?

Retina Paints Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Paints segment.

Q.2 Is Retina Paints Ltd a good quality company?

Retina Paints Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Retina Paints Ltd undervalued or overvalued?

Retina Paints Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	68.23	146.52
Price to Book	2.61	3.13
Price to Sales	4.31	7.96
EV to EBITDA	29.44	55.58

Q.4 Is Retina Paints Ltd a good buy now?

Retina Paints Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Retina Paints Ltd?

Retina Paints Ltd revenue growth is 76.8% for FY-2025, which is above its 5-year CAGR of 24.84%, indicating faster growth.

Q.2 Gross Profit margin of Retina Paints Ltd?

Retina Paints Ltd Gross profit margin which is the profit after deduction of direct costs, is 10.9% for FY-2025, which is above its 5-year median of 6.6%, indicating increasing margins.

Q.3 Operating Profit Margin of Retina Paints Ltd?

Retina Paints Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 14.35% for FY-2025, which is above its 5-year median of 7.5% indicating increasing margins.

Q.4 Net Profit Margin of Retina Paints Ltd?

Retina Paints Ltd Net Profit Margin is 6.32% for FY-2025, is above its 5-year median of 2.75%, indicating increasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	10.9	6.6
Operating Profit Margin (%)	14.35	7.5
Net Profit Margin (%)	6.32	2.75

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Retina Paints Ltd?

Retina Paints Ltd Return on Asset is 2.95%, which is above its 5-year historical median of 1.9%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Retina Paints Ltd?

Retina Paints Ltd Return on capital employed is 8.06% for FY-2025, which is in line with its 5-year historical median of 7.87%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Q.7 Return on Equity (ROE) of Retina Paints Ltd?

Retina Paints Ltd Return on equity is 4.64% for FY-2025, which is in line with its 5-year historical median of 4.64%, indicating the business is making similar use of its shareholders capital.

Q.8 Cash conversion cycle of Retina Paints Ltd?

Retina Paints Ltd Cash conversion cycle is 328 days, above its 5-year historical median of 219 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.47	0.68
ROE (%)	4.64	4.64
ROCE (%)	8.06	7.87
Cash Conversion Cycle	328 days	219 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Retina Paints Ltd?

Retina Paints Ltd Debt-to-Equity ratio is 0.29, which is above the industry average of 0.06, indicating higher debt levels in the industry.

Q.10 Debt to cash flow from operations of Retina Paints Ltd?

Retina Paints Ltd Debt to cash flow from operations is -0.91, which is at a unhealthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Retina Paints Ltd?

Q.1 Promoter shareholding and pledge status of Retina Paints Ltd?

Promoters hold 53.87% of the Retina Paints Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Retina Paints Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Retina Paints Ltd vs industry peers?

Retina Paints Ltd revenue CAGR is 24.84%, compared to the industry median CAGR of 11.74%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	76.8	11.7
Gross Profit Growth (%)	69.9	16.6
Operating Profit Growth (%)	0	15.8
Net Profit Growth (%)	75.7	19.2

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.47	0.89
ROE (%)	4.64	13.49
ROCE (%)	8.06	18.35
Cash Conversion Cycle (days)	327.74	53

Valuation & price assessment

Q.1 Stock return of Retina Paints Ltd over the last decade?

Over the last 3 year(s), the stock has delivered a CAGR of 24.72% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	-	-	24.7%	4.8%

Q.2 Valuation ratios of Retina Paints Ltd vs historical?

The current P/E ratio of 68.23 is lower than its historical median of 146.52, indicating that the stock is trading below its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	68.23	146.52	50.53
Price to Book	2.61	3.13	8.05
Price to Sales	4.31	7.96	5.71
EV to EBITDA	29.44	55.58	32.09

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Check Before You Invest : Retina Paints Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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