SIRCA Paints India Ltd - Stock Valuation and Financial Performance

BSE: 543686 | NSE: SIRCA | Trading | Small Cap

SIRCA Paints India Share Price

285 -5.95 -2.05%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on SIRCA Paints India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

SIRCA Paints India stock performance -

mw4me loader
P/E Ratio (SA):
32.20
Market Cap:
1,558.8 Cr.
52-wk low:
287.8
52-wk high:
443.9

Is SIRCA Paints India Ltd an attractive stock to invest in?

1. Is SIRCA Paints India Ltd a good quality company?

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

2. Is SIRCA Paints India Ltd undervalued or overvalued?

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

3. Is SIRCA Paints India Ltd a good buy now?

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

10 Year X-Ray of SIRCA Paints India:

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 21.3%17.2%23.9%38.6%36%20.8%13.8%8%12.5%18.8%-
Value Creation
Index
0.50.20.71.81.60.50.0-0.4-0.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 55.565.370.682.589.2116135143200268297
Sales YoY Gr.-17.5%8.1%17%8.1%30.2%16.3%6%39.7%33.9%-
Adj EPS 0.911.83.64.94.54.42.958.48.8
YoY Gr.-15.3%82.7%100.6%37.1%-7.7%-2.4%-34.5%72.8%67.9%-
BVPS (₹) 1.93.65.59.316.830.633.736.841.148.554.1
Adj Net
Profit
3.23.66.613.319.824.924.315.927.546.148
Cash Flow from Ops. 2.46.64.610.7-1.312.3-7.619.235.2-18.7-
Debt/CF from Ops. 5.21.82.30.4-3.80-00.700-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.1%24.6%25.6%33.9%
Adj EPS 29%11.3%23.8%67.9%
BVPS43.4%23.6%12.9%17.9%
Share Price - 2.7% -3.9% -11.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
52.536.139.348.638.821.213.88.212.918.817.2
Op. Profit
Mgn %
9.28.713.724.529.727.623.39.119.423.622
Net Profit
Mgn %
5.75.69.416.122.221.41811.113.717.216.3
Debt to
Equity
1.80.90.50.10.1000.100-
Working Cap
Days
11195108140200225268322249239152
Cash Conv.
Cycle
46546981123134164182130127127

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.20%

Sales growth is growing at healthy rate in last 3 years 25.63%

Net Profit is growing at healthy rate in last 3 years 23.82%

Sales growth is good in last 4 quarters at 17.75%

No data to display

Latest Financials - SIRCA Paints India Ltd.

Standalone Consolidated
TTM EPS (₹) 8.8 8.8
TTM Sales (₹ Cr.) 297 297
BVPS (₹.) 54.1 54
Reserves (₹ Cr.) 241 241
P/BV 5.26 5.26
PE 32.20 32.20
From the Market
52 Week Low / High (₹) 287.82 / 443.90
All Time Low / High (₹) 287.82 / 443.90
Market Cap (₹ Cr.) 1,559
Equity (₹ Cr.) 54.8
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of SIRCA Paints India:

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 (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of SIRCA Paints India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5665718389116135143200268
Operating Expenses 526061626384104131162206
Manufacturing Costs1111124679
Material Costs4450494945687184117147
Employee Cost 22235813151823
Other Costs 678912617262027
Operating Profit 361020263231123862
Operating Profit Margin (%) 6.1%8.6%13.7%24.5%29.1%27.4%23.0%8.6%18.9%23.1%
Other Income 05224661445
Interest 0000000000
Depreciation 0010112444
Exceptional Items 0000000000
Profit Before Tax 391122303734233862
Tax 13481011961016
Profit After Tax 26714192625172846
PAT Margin (%) 3.6%9.5%10.3%16.6%21.7%22.3%18.6%11.6%13.9%17.2%
Adjusted EPS (₹)0.51.72.03.74.84.74.63.05.18.4
Dividend Payout Ratio (%)0%0%0%0%0%7%16%25%20%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 713203468168185202225266
Share Capital 0000131827272727
Reserves 713203454150157174198238
Minority Interest0000000000
Debt12121145001300
Long Term Debt1000000000
Short Term Debt11111045001300
Trade Payables836971720353137
Others Liabilities 25814151413101525
Total Liabilities 2933456194199218260271328

Fixed Assets

Gross Block2229232959496470
Accumulated Depreciation000234681115
Net Fixed Assets2227202553415354
CWIP 0001090215
Investments 2232000000
Inventories546101527516570100
Trade Receivables12111624344046434651
Cash Equivalents 7131513158250798352
Others Assets1234111718301964
Total Assets 2933456194199218260271328

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 27511-112-81935-19
PBT 391122303734233862
Adjustment 1110-13-3-1121
Changes in Working Capital -1-2-3-11-18-10-2916-63
Tax Paid -1-2-500-12-12-6-11-19
Cash Flow From Investing Activity -10-1-5-13-71515-119
Capex 00-1-5-13-15-227-16-10
Net Investments 00-100-57205316
Others 0000016323
Cash Flow From Financing Activity 4-1-1-71668-80-17-6
Net Proceeds from Shares 000014730000
Net Proceeds from Borrowing 0-1000-50000
Interest Paid 0000000000
Dividend Paid 000000-80-4-5
Others 50-1-71000-130
Net Cash Flow 662-219-11347-15
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)32.8861.3943.3450.2438.1622.0114.278.612.9918.79
ROCE (%)21.1743.940.2162.7753.8230.8519.4411.417.325.33
Asset Turnover Ratio2.182.091.81.551.150.790.650.60.750.89
PAT to CFO Conversion(x)11.170.710.79-0.050.46-0.321.121.25-0.41
Working Capital Days
Receivable Days686470881181151151138166
Inventory Days352425365165106148123116
Payable Days6338335766659612010384

SIRCA Paints India Ltd Stock News

SIRCA Paints India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SIRCA Paints India on 28-Mar-2024 16:01 is ₹285.0.
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 28-Mar-2024 16:01 the market cap of SIRCA Paints India stood at ₹1,558.8.
The latest P/E ratio of SIRCA Paints India as of 28-Mar-2024 16:01 is 32.20.
The latest P/B ratio of SIRCA Paints India as of 28-Mar-2024 16:01 is 5.26.
The 52-week high of SIRCA Paints India is ₹443.9 and the 52-week low is ₹287.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SIRCA Paints India is ₹297.4 ( Cr.) .

About SIRCA Paints India Ltd

No data to display
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.