Sirca Paints India Limited
NSE: SIRCA · Paints
Snapshot
Unlock Sirca Paints India Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Sirca Paints India Limited specialises in the import, manufacturing, and distribution of high-quality wood, metal, and glass coatings. The company offers a comprehensive range of products including polyurethane polishes, UV products, and specialised pigmented topcoats for industrial and decorative applications.
Business Model
The company operates through a distribution-led model, importing premium coating materials and distributing them across India and neighbouring countries. It generates revenue by catering to both the professional wood-finishing segment and industrial metal coating requirements.
Growth Outlook
Growth is driven by the expansion of the Indian real estate and furniture sectors, which increases demand for premium wood finishes. The company is also focusing on geographical expansion within South Asia to capture emerging market opportunities.
Key Risks
- Currency Fluctuation. As an importer of raw materials and finished coatings, the company is exposed to volatility in foreign exchange rates which can impact profit margins.
- Raw Material Price Volatility. Fluctuations in the global prices of petrochemical-based raw materials can significantly affect the cost of production and distribution.
- Competitive Intensity. The Indian paints and coatings market is highly competitive, with established domestic and international players exerting pressure on pricing and market share.
- Economic Sensitivity. Demand for premium wood and metal coatings is closely linked to the cyclical nature of the construction and interior design industries.
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Key Metrics
REVENUE
₹508 Cr
TTM · consolidated
NET PROFIT
₹67 Cr
TTM · consolidated
EPS
₹11.94
TTM · consolidated
RETURN ON EQUITY
14.1%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
18.4%
TTM · consolidated
P/E
36.8x
Q1 FY27 · consolidated
EV/EBITDA
23.4x
Q1 FY27 · consolidated
EBITDA MARGIN
20.8%
TTM · consolidated
NET PROFIT MARGIN
12.5%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Paints
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Sirca Paints India LimitedSIRCA | ₹2,495 Cr | 36.79 | 23.39 | 24.1% | 20.8% | 14.1% | 18.4% | -5.3% |
Berger Paints India Ltd.BERGEPAINT | ₹56,586 Cr | 46.48 | 28.09 | 5.2% | 16.5% | 18.6% | 22.6% | -10.3% |
Kansai Nerolac Paints LimitedKANSAINER | ₹15,705 Cr | 26.17 | 13.58 | 5.2% | 13.9% | 9.0% | 12.3% | -20.2% |
JSW Dulux LimitedAKZOINDIA | ₹14,457 Cr | 6.95 | 24.71 | -7.0% | 15.3% | 106.3% | 118.1% | -7.1% |
Indigo Paints LimitedINDIGOPNTS | ₹5,653 Cr | 35.12 | 19.41 | 9.5% | 19.8% | 15.0% | 18.9% | +2.9% |
Shalimar PaintsSHALPAINTS | ₹715 Cr | -10.31 | -41.03 | -10.5% | -3.8% | -24.5% | -15.0% | +16.8% |
As of Q1 FY27
Financials
Sirca Paints India Limited
NSE: SIRCA · Paints
Snapshot
Unlock Sirca Paints India Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Sirca Paints India Limited specialises in the import, manufacturing, and distribution of high-quality wood, metal, and glass coatings. The company offers a comprehensive range of products including polyurethane polishes, UV products, and specialised pigmented topcoats for industrial and decorative applications.
Business Model
The company operates through a distribution-led model, importing premium coating materials and distributing them across India and neighbouring countries. It generates revenue by catering to both the professional wood-finishing segment and industrial metal coating requirements.
Growth Outlook
Growth is driven by the expansion of the Indian real estate and furniture sectors, which increases demand for premium wood finishes. The company is also focusing on geographical expansion within South Asia to capture emerging market opportunities.
Key Risks
- Currency Fluctuation. As an importer of raw materials and finished coatings, the company is exposed to volatility in foreign exchange rates which can impact profit margins.
- Raw Material Price Volatility. Fluctuations in the global prices of petrochemical-based raw materials can significantly affect the cost of production and distribution.
- Competitive Intensity. The Indian paints and coatings market is highly competitive, with established domestic and international players exerting pressure on pricing and market share.
- Economic Sensitivity. Demand for premium wood and metal coatings is closely linked to the cyclical nature of the construction and interior design industries.
Start your research today
Unlock AI insights, financials, peers and live data on Sirca Paints India Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹508 Cr
TTM · consolidated
NET PROFIT
₹67 Cr
TTM · consolidated
EPS
₹11.94
TTM · consolidated
RETURN ON EQUITY
14.1%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
18.4%
TTM · consolidated
P/E
36.8x
Q1 FY27 · consolidated
EV/EBITDA
23.4x
Q1 FY27 · consolidated
EBITDA MARGIN
20.8%
TTM · consolidated
NET PROFIT MARGIN
12.5%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Paints
As of Q1 FY27