Sirca Paints India Ltd

Sirca Paints Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sirca Paints India Ltd

₹ 315 -1.91%
22 Nov - close price
Company website BSE: 543686 NSE: SIRCA
About

Sirca Paints India Ltd is engaged in the business of manufacturing, selling and export of wood coatings and other decorative paints under the brand ‘Sirca’. [1]

Key Points

Product & Brand Portfolio
The company offers a range of wood coatings and other decorative paints under its brands:
1) Sirca: Offers luxury Italian wood coatings and high-end wall paints. The company is an exclusive licensee of this brand in India, Nepal, Bangladesh, and Sri Lanka.
2) Unico: Offers mass-market wood coatings products.
3) Oikos: Offers high-end decorative, solid color finishes and texture coatings.
4) Welcome: Offers a range of paint thinners & reducers. [1] [2]

Website BSE NSE
  • Market Cap ₹ 1,728 Cr.
  • Current Price ₹ 315
  • High / Low ₹ 444 / 282
  • Stock P/E 37.2
  • Book Value ₹ 59.1
  • Dividend Yield 0.48 %
  • ROCE 24.0 %
  • ROE 17.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
61 53 54 61 73 65 68 73 84 72 83 79 106
47 41 45 46 54 51 55 56 62 59 66 65 87
Operating Profit 13 12 9 15 19 14 13 17 21 14 16 14 19
OPM % 22% 23% 17% 25% 26% 22% 19% 24% 25% 19% 20% 18% 18%
1 1 1 1 2 1 1 1 1 2 2 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 2 2 2 2 2
Profit before tax 14 12 9 15 20 14 13 18 21 14 17 14 18
Tax % 26% 25% 32% 24% 26% 26% 27% 27% 26% 24% 26% 27% 26%
10 9 6 12 14 11 9 13 16 11 13 10 13
EPS in Rs 1.85 1.67 1.13 2.13 2.63 1.92 1.73 2.35 2.83 1.92 2.28 1.86 2.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
22 29 65 71 83 89 116 134 141 196 264 311 339
20 27 60 61 62 63 84 103 128 158 202 243 276
Operating Profit 2 2 6 10 20 26 32 31 12 38 62 69 63
OPM % 8% 7% 9% 14% 25% 29% 27% 23% 9% 20% 23% 22% 19%
0 0 4 2 2 4 6 6 14 4 5 6 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 0 1 1 2 4 4 4 6 6
Profit before tax 2 2 9 11 22 30 37 34 23 38 62 69 63
Tax % 36% 32% 35% 35% 36% 34% 30% 26% 27% 27% 26% 26%
1 1 6 7 14 19 26 25 17 28 46 51 47
EPS in Rs 37.33 45.00 206.00 242.67 456.67 4.82 4.73 4.59 3.03 5.06 8.41 9.39 8.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 7% 16% 25% 20% 9% 16%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 30%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 46%
TTM: -4%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 9%
1 Year: -15%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.10 0.10 0.10 0.10 0.10 13 18 27 27 27 27 55 55
Reserves 3 4 13 20 34 54 150 157 174 198 238 254 269
2 9 12 11 4 5 0 0 13 0 0 0 0
4 7 8 14 23 22 23 25 40 37 47 42 45
Total Liabilities 9 20 33 45 61 95 191 210 255 262 312 351 369
1 2 2 2 8 20 25 50 41 53 54 58 82
CWIP 0 0 0 0 0 0 9 0 2 1 5 6 0
Investments 0 2 2 3 2 0 0 0 0 0 0 0 7
8 15 29 40 51 75 157 160 212 208 252 287 280
Total Assets 9 20 33 45 61 95 191 210 255 262 312 351 369

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 5 11 -1 12 -8 19 35 -19 32
0 0 -1 -5 -13 -71 5 15 -11 9 -12
0 0 -1 -7 16 68 -8 -0 -17 -6 -8
Net Cash Flow 0 0 2 -2 1 9 -11 34 7 -15 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 89 111 62 83 106 137 125 124 112 85 71 77
Inventory Days 26 45 76 120 144 265 282 217 248 206
Days Payable 22 44 70 56 92 105 151 98 90 70
Cash Conversion Cycle 89 111 67 84 112 201 177 285 242 204 229 213
Working Capital Days 62 91 44 58 64 145 157 223 235 159 209 201
ROCE % 21% 40% 63% 54% 31% 19% 11% 18% 25% 24%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55% 67.55%
0.00% 0.00% 0.00% 5.80% 5.59% 5.55% 5.90% 5.94% 5.93% 5.48% 5.36% 4.61%
5.71% 5.57% 5.90% 3.81% 4.41% 3.88% 0.00% 0.00% 0.80% 0.75% 0.69% 0.69%
26.75% 26.88% 26.55% 22.85% 22.45% 23.03% 26.56% 26.51% 25.73% 26.22% 26.41% 27.15%
No. of Shareholders 11,75513,05412,36914,50917,83120,88235,58345,02551,91157,37657,68956,926

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Concalls