Sirca Paints India Ltd

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

Sirca Paints India Ltd

₹ 351 -1.86%
22 Jul 4:01 p.m.
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

Products[1]
Range of Wall coating, Wood Coating, Metals, and Glass Coating products. Its offerings under various brands include:
Sirca: Luxury Italian Wood Coatings, High-end Wall Paints.
** Unico: Mass -market Wood Coating products.
Oikos: High-end Decorative, Solid Colour Finishes and Texture Coatings.
DuranteVivan: Adhesives Product Portfolio.
Co. is in the top 3 premium category wood coatings brand in India and Market leader in premium wood coatings in North India.[2] Sirca is the Exclusive licensee for product sales to Nepal, Bangladesh & Sri Lanka**.[3]

Website BSE NSE
  • Market Cap ₹ 1,927 Cr.
  • Current Price ₹ 351
  • High / Low ₹ 444 / 282
  • Stock P/E 37.5
  • Book Value ₹ 56.3
  • Dividend Yield 0.43 %
  • ROCE 24.1 %
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
48 32 61 53 54 61 73 65 68 73 84 72 83
38 29 47 41 45 46 54 51 55 56 62 59 66
Operating Profit 9 3 13 12 9 15 19 14 13 17 21 14 16
OPM % 20% 9% 22% 23% 17% 25% 26% 22% 19% 24% 25% 19% 20%
12 1 1 1 1 1 2 1 1 1 1 2 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 2 2 2
Profit before tax 21 3 14 12 9 15 20 14 13 18 21 14 17
Tax % 26% 26% 26% 25% 32% 24% 26% 26% 27% 27% 26% 24% 26%
15 2 10 9 6 12 14 11 9 13 16 11 13
EPS in Rs 2.78 0.40 1.85 1.67 1.13 2.13 2.63 1.92 1.73 2.35 2.83 1.92 2.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
134 141 196 264 312
103 128 158 202 243
Operating Profit 31 12 38 62 69
OPM % 23% 9% 19% 23% 22%
6 14 4 5 6
Interest 0 0 0 0 0
Depreciation 2 4 4 4 6
Profit before tax 34 23 38 62 69
Tax % 26% 27% 27% 26% 26%
25 17 28 46 51
EPS in Rs 4.59 3.03 5.06 8.41 9.38
Dividend Payout % 16% 25% 20% 9% 16%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 46%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: 29%
3 Years: 26%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: %
3 Years: 17%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 27 27 27 27 55
Reserves 157 174 198 238 254
0 13 0 0 0
25 40 37 47 42
Total Liabilities 210 255 262 312 351
50 41 53 54 58
CWIP 0 2 1 5 6
Investments 0 0 0 0 0
160 212 208 252 287
Total Assets 210 255 262 312 351

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-8 19 35 -19 32
5 15 -11 9 -12
-8 -0 -17 -6 -8
Net Cash Flow -11 34 7 -15 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 124 112 85 71 77
Inventory Days 265 282 217 248 206
Days Payable 105 151 98 90 70
Cash Conversion Cycle 285 242 204 229 213
Working Capital Days 216 235 159 209 201
ROCE % 11% 18% 25% 24%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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% 0.00% 5.80% 5.59% 5.55% 5.90% 5.94% 5.93% 5.48% 5.36%
4.46% 5.71% 5.57% 5.90% 3.81% 4.41% 3.88% 0.00% 0.00% 0.80% 0.75% 0.69%
27.99% 26.75% 26.88% 26.55% 22.85% 22.45% 23.03% 26.56% 26.51% 25.73% 26.22% 26.41%
No. of Shareholders 9,47211,75513,05412,36914,50917,83120,88235,58345,02551,91157,37657,689

* 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