Sirca Paints India Ltd. (SIRCA) AI Stock Analysis

• Market Cap: ₹27.05B
• Dividend Yield: 0.29%
• Average Volume (3M): 33.77K
• Price to Earnings (P/E): 51.0
• Beta (1Y): 0.84
• Revenue Growth: 29.03%
• EPS Growth: -17.42%
• Country: IN
• Employees: 515
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 2.59
• Shares Outstanding: 54,808,800
• 10 Day Avg. Volume: 26,757
• 30 Day Avg. Volume: 33,770
• PEG Ratio: -6.04
• Price to Book (P/B): 3.89
• Price to Sales (P/S): 3.63
• P/FCF Ratio: -25.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: ₹516.00 ▲(0.82% Upside)

The overall stock score of 64.1 reflects strong financial performance with revenue growth and a solid balance sheet, but challenges in profitability and cash flow management. Technical indicators show positive momentum, though valuation concerns arise from a high P/E ratio and low dividend yield.

Sirca Paints India Ltd. Business Overview & Revenue Model

Company Description

Sirca Paints India Ltd. (SIRCA) is a prominent player in the Indian paints and coatings industry, specializing in providing high-quality decorative paints, industrial coatings, and wood finishes. The company serves a diverse market, including residential, commercial, and industrial sectors, offering a wide range of products designed to meet various aesthetic and functional requirements. SIRCA is known for its commitment to innovation and sustainability, producing eco-friendly solutions that cater to the evolving needs of consumers.

How the Company Makes Money

Sirca Paints generates revenue primarily through the sale of its wide array of paint products, including interior and exterior emulsions, wood coatings, and other specialized finishes. The company operates on a B2B and B2C model, targeting not only individual consumers but also builders, contractors, and retailers. Key revenue streams include direct sales through distribution networks, partnerships with home improvement stores, and collaborations with construction firms. Additionally, SIRCA benefits from strategic alliances with international suppliers and manufacturers, enhancing its product offerings and market reach. The company's focus on research and development allows it to introduce innovative products that meet current market trends, thereby driving sales and profitability.

Sirca Paints India Ltd. Financial Statement Overview

Summary

Sirca Paints India Ltd. shows strong revenue growth and a robust balance sheet with low leverage. However, declining net profit margins and negative free cash flow present challenges. The company should focus on improving profitability and cash flow management to sustain its growth trajectory.

Income Statement

Sirca Paints India Ltd. has demonstrated consistent revenue growth with a 5.2% increase in the latest year. The gross profit margin improved significantly to 48%, indicating strong cost management. However, the net profit margin decreased to 13.1% from 16.5% the previous year, suggesting increased expenses or other financial pressures impacting net income.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.14, indicating low financial leverage and risk. The equity ratio is healthy, and the return on equity stands at 14%, reflecting efficient use of shareholder funds. However, the slight decrease in ROE from the previous year suggests a need for improved profitability.

Cash Flow

Operating cash flow is positive, but the company experienced negative free cash flow, indicating potential liquidity challenges. The operating cash flow to net income ratio is close to 1, showing good conversion of income to cash. However, the negative free cash flow to net income ratio highlights the need for better cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.10B	3.74B	3.12B	2.68B	2.00B	1.43B
Gross Profit	1.91B	1.80B	1.04B	1.20B	755.74M	533.78M
EBITDA	798.49M	726.04M	750.35M	665.53M	421.54M	263.18M
Net Income	530.54M	490.57M	514.34M	461.07M	277.23M	165.82M
Balance Sheet
Total Assets	0.00	4.51B	3.51B	3.12B	2.62B	2.55B
Cash, Cash Equivalents and Short-Term Investments	562.03M	562.03M	1.14B	860.00M	826.03M	788.73M
Total Debt	0.00	500.00M	20.00K	3.29M	0.00	131.96M
Total Liabilities	-3.50B	1.01B	422.14M	465.14M	372.20M	531.55M
Stockholders Equity	3.50B	3.50B	3.09B	2.65B	2.25B	2.02B
Cash Flow
Free Cash Flow	0.00	-526.68M	199.21M	-287.79M	130.15M	150.87M
Operating Cash Flow	0.00	542.65M	323.96M	-187.00M	351.59M	192.05M
Investing Cash Flow	0.00	-453.25M	-214.14M	93.76M	-110.55M	148.37M
Financing Cash Flow	0.00	-83.95M	-82.42M	-55.20M	-173.85M	-1.04M

Sirca Paints India Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 511.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SIRCA, the sentiment is Positive. The current price of 511.8 is above the 20-day moving average (MA) of 494.58, above the 50-day MA of 480.96, and above the 200-day MA of 365.23, indicating a bullish trend. The MACD of 7.81 indicates Negative momentum. The RSI at 65.29 is Neutral, neither overbought nor oversold. The STOCH value of 63.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SIRCA.

Sirca Paints India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDIANHUME	―	₹18.52B	3.40	―	1.15%	2.05%	447.29%
SIRCA	―	₹27.05B	50.98	―	0.29%	29.03%	-17.42%
Sector *	―	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MOLDTKPAC	―	₹25.31B	38.10	―	0.55%	16.31%	3.06%
MANALIPETC	―	₹12.80B	41.35	―	0.67%	-8.24%	8.89%
MADRASFERT	―	₹13.04B	19.22	―	―	13.28%	-15.68%
SHALPAINTS	―	₹6.64B	-9.52	―	―	16.10%	26.30%

Sirca Paints India Ltd. Corporate Events

Sirca Paints Opens Special Window for Physical Share Transfers

Sirca Paints India Limited has announced the opening of a special window for the re-lodgement of transfer requests for physical shares, as per the SEBI regulations. This move is likely to streamline the process for shareholders holding physical shares, potentially improving the company’s operational efficiency and aligning with regulatory compliance.

Sirca Paints Announces AGM and E-Voting Details

Sirca Paints India Limited announced the publication of a newspaper advertisement regarding the notice of its Twentieth Annual General Meeting and e-voting information. This announcement is aimed at informing stakeholders about the upcoming meeting and the procedures for e-voting, which is crucial for ensuring shareholder participation and transparency in company governance.

Sirca Paints India Ltd. Announces Virtual AGM

Sirca Paints India Limited has announced the scheduling of its Twentieth Annual General Meeting (AGM) to be conducted through video conferencing and other audio-visual means. This move reflects the company’s adaptation to modern communication technologies, ensuring shareholder engagement while maintaining safety and convenience. The notice of the AGM was published in Financial Express and Jansatta, indicating the company’s commitment to transparency and accessibility for its stakeholders.

Sirca Paints Schedules Investor Meeting with Generational Capital

Sirca Paints India Ltd. has announced a scheduled one-on-one meeting with Generational Capital AIF on August 14, 2025. This meeting, which will be held physically, is part of the company’s ongoing efforts to engage with analysts and investors, potentially impacting its market positioning and stakeholder relations.

Sirca Paints India Ltd. Schedules Analyst/Investor Meeting

Sirca Paints India Ltd. has announced a schedule for an upcoming Analyst/Investor Meeting, which will be attended by various funds and institutions. This meeting, set for August 11, 2025, will include both virtual and physical formats, indicating the company’s proactive approach to engaging with stakeholders and potentially impacting its market positioning and investor relations.

Sirca Paints India Limited Submits Q1 FY26 Earnings Presentation

Sirca Paints India Limited has submitted its earnings presentation for the first quarter of the fiscal year 2026 to the National Stock Exchange of India Limited and BSE Limited. This submission is part of their compliance with SEBI regulations, reflecting the company’s commitment to transparency and investor communication.