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SIRCA Paints India Ltd (SIRCA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543686 NSE: SIRCA Paints | Small Cap | SIRCA Paints India Share Price

₹426.60 -4.80 (-1.11%)

As on 11-Sep'26 16:59

SIRCA Paints India Ltd (SIRCA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543686 NSE: SIRCA Paints | Small Cap | SIRCA Paints India Share Price

₹426.60 -4.80 (-1.11%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,423 Cr.
Current Price
₹426.6
52-Week Low / High
₹386 / 539
TTM EPS
₹11.8
TTM Sales
₹508 Cr.
Book Value per Share
₹86.5
P/E Ratio
36.15
Lower than its 5-year historical median
Industry PE
38.1
Price to Book (P/B)
4.93
Lower than its 5-year historical median
Price to Sales (P/S)
4.77
Lower than its 5-year historical median
EV/EBITDA
22.70
Lower than its 5-year historical median
Dividend Yield
0.47%
Profitability Efficiency
Return on Equity (ROE)
15.77%
Outperforms industry median
Return on Capital Employed (ROCE)
20.28%
Outperforms industry median
Return on Assets (ROA)
12.08%
Operating Profit Margin
20.2%
Net Profit Margin
13.2%
Gross Profit Margin
19.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
31.79%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
46.56%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
32.53%
Asset Quality
Promoter Holding
65.19%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹435 Cr.
Equity
₹56.8 Cr.
Face Value
₹10
All Time Low / High
₹234.00 / 539.00

SIRCA Paints India stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is SIRCA Paints India Ltd a good quality company?
SIRCA Paints India Ltd is a good quality company, based on a consistently good 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.

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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.

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How does SIRCA Paints India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of SIRCA Paints India Ltd vs industry peers?
SIRCA Paints India Ltd revenue CAGR is 28.03%, compared to the industry median CAGR of 9.21%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of SIRCA Paints India Ltd?
Promoters hold 65.19% of the SIRCA Paints India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of SIRCA Paints India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 4.16% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SIRCA Paints India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ62.8%53.8%30.9%19.4%11.4%17.3%25.3%24.1%18.5%20.3%-
Value Creation
Index ⓘ		3.52.81.20.4-0.20.20.80.70.30.5-

Growth Parameters ⓘ
Sales ⓘ82.589.2116135143200268312374492508
Sales YoY Gr.-8.1%30.2%16.3%6%39.7%33.9%16.4%19.9%31.8%-
Adj EPS ⓘ3.64.94.54.42.958.49.28.811.511.8
YoY Gr.-37.1%-7.7%-2.4%-34.5%72.8%67.9%9.6%-4.3%30.6%-
BVPS (₹) ⓘ9.316.830.633.736.841.148.556.363.883.786.5
Adj Net
Profit ⓘ		13.319.824.924.315.927.546.150.548.465.467
Cash Flow from Ops. ⓘ10.7-1.312.3-7.619.235.2-18.732.454.344.5-
Debt/CF from Ops. ⓘ0.4-3.80-00.70000.90.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ22%28%22.5%31.8%
Adj EPS ⓘ13.8%31.8%11.1%30.6%
BVPSⓘ27.7%17.9%20%31.2%
Share Price - 4.2% 2% -7.9%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		48.638.821.213.88.212.918.817.614.715.913.9
Op. Profit
Mgn % ⓘ		24.529.727.623.39.119.423.622.118.120.219.8
Net Profit
Mgn % ⓘ		16.122.221.41811.113.717.216.212.913.313.2
Debt to
Equity ⓘ		0.10.1000.10000.10.1-
Working Cap
Days ⓘ		140200225268322249239264214206129
Cash Conv.
Cycle ⓘ		81123134164182130127128134128105

Valuation of SIRCA Paints India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales135143200268312374492
Operating Expenses ⓘ + 104131162206243306394
Manufacturing Costs467913814
Material Costs7184117147169200267
Employee Cost 13151823304149
Other Costs ⓘ 17262027315765
Operating Profit ⓘ 31123862696799
Operating Profit Margin (%) 23.0%8.6%18.9%23.0%22.0%18.0%20.1%
Other Income ⓘ + 61445654
Exceptional Items ⓘ 0000000
Interest ⓘ 0000005
Depreciation ⓘ 24446711
Profit Before Tax ⓘ 34233862696587
Tax ⓘ 961016181622
Profit After Tax 25172846514965
PAT Margin (%) 18.6%11.6%13.9%17.2%16.5%13.1%13.2%
Adjusted EPS (₹)4.63.05.18.49.49.011.5
Dividend Payout Ratio (%)16.30%24.80%19.80%8.90%16%16.80%17.50%
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 185202225265309350475
Share Capital ⓘ 27272727555557
Reserves ⓘ 157174198238254295418
Debt +0130004226
Long Term Debt000004226
Short Term Debt01300000
Minority Interest0000000
Trade Payables20353137333954
Others Liabilities ⓘ 13101525273754
Total Liabilities ⓘ 218260271328368467609

Fixed Assets

Net Fixed Assets ⓘ +5341535458164174
Gross Block5949647079190207
Accumulated Depreciation681115202634
CWIP ⓘ 02156010
Investments ⓘ 000044257
Inventories51657010095108111
Trade Receivables464346516693155
Cash Equivalents 50798352705458
Others Assets ⓘ 18301964304544
Total Assets ⓘ 218260271328368467609
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -81935-19425444
PBT ⓘ 34233862696587
Adjustment ⓘ -1121148
Changes in Working Capital ⓘ -2916-63-151-29
Tax Paid ⓘ -12-6-11-19-13-16-22
Cash Flow From Investing Activity ⓘ + 515-119-21-45-70
Capex -227-16-10-10-107-28
Net Investments 205316-1658-46
Others ⓘ 6323534
Cash Flow From Financing Activity ⓘ + -8-0-17-6-8-839
Net Proceeds from Shares ⓘ 00000069
Net Proceeds from Borrowing ⓘ -000000-17
Interest Paid ⓘ -0-0-0-0-0-0-5
Dividend Paid ⓘ -80-4-5-8-8-8
Others ⓘ -00-130000
Net Cash Flow ⓘ -11347-1512113
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.628.5912.9918.817.9214.9115.77
ROCE (%)18.5611.3817.325.3324.0618.5420.28
Asset Turnover Ratio0.620.60.750.890.90.890.92
PAT to CFO Conversion(x)-0.321.121.25-0.410.821.10.68
Working Capital Days
Receivable Days123.2011380.9066.1068.4077.6092.10
Inventory Days139148.40122.80115.90114.6099.3081
Payable Days104.60119.50103.1084.1074.7065.2063.40

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SIRCA Paints India Ltd FAQs

The current trading price of SIRCA Paints India on 11-Sep-2026 16:59 is ₹426.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of SIRCA Paints India stood at ₹2,422.8 Cr

The latest P/E ratio of SIRCA Paints India as of 10-Sep-2026 is 36.13.

The latest P/B ratio of SIRCA Paints India as of 10-Sep-2026 is 4.93.

The 52-week high of SIRCA Paints India is ₹539.0 and the 52-week low is ₹385.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SIRCA Paints India is ₹508 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that SIRCA Paints India Ltd is a good quality company.

The key valuation ratios of SIRCA Paints India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SIRCA Paints India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About SIRCA Paints India Ltd

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