Sirca Paints India Limited

NSE: SIRCA · Unclassified

₹406.30-1.05%06 Nov 2026

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Instant answers about Sirca Paints India Limited — computed from its filings, no language model

Market cap₹2,307 cr

Current price₹406.30

High / Low₹535 / ₹391

P/E—

P/B4.62

Book value₹88.0

ROE0.0%

ROCE18.2%

Debt / equity0.06

Dividend yield0.36%

EPS (TTM)₹0.00

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY21	FY22	FY23	FY24	FY26
Revenue	143.2	200.0	267.8	311.7	492.5
EBITDA	12.2	37.8	61.7	68.7	98.8
Operating margin	8.5%	18.9%	23.0%	22.0%	20.1%
Interest	0.1	0.1	0.0	0.0	4.9
Depreciation	3.7	4.1	4.4	6.0	10.7
Profit before tax	22.6	38.0	62.1	69.1	87.1
Tax	6.0	10.2	16.0	17.6	22.1
Net profit	16.6	27.7	0.0	0.0	0.0
EPS ₹	6.05	10.12	8.41	9.38	11.63
Operating cash flow	—	35.2	-18.7	32.4	44.4
Capex	—	22.1	10.1	12.5	27.8
Dividend paid	—	4.1	5.5	8.2	8.2
Total assets	—	—	312.0	350.9	588.9
Equity	—	—	265.5	308.7	475.1

Quarterly performance

last 24 quarters · ₹ crore

showing latest 8 of 24 periods

	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	38.1	45.8	47.6	32.1	60.6	53.2	54.1	61.4	72.9	65.2	68.3	73.0	83.6	72.5	82.6	78.7	105.5	88.7	114.2	131.2	112.8	134.3	130.0	160.2
Operating profit	-5.5	8.6	9.3	2.9	13.4	12.1	9.4	15.3	19.2	14.1	13.1	17.4	21.3	13.8	16.2	14.1	19.0	15.4	22.6	27.4	23.0	25.7	24.2	29.2
Operating margin	-14.3%	18.7%	19.6%	8.9%	22.1%	22.7%	17.4%	25.0%	26.3%	21.6%	19.2%	23.8%	25.5%	19.0%	19.7%	17.9%	18.0%	17.4%	19.7%	20.9%	20.4%	19.1%	18.6%	18.2%
Other income	0.7	0.9	12.1	0.9	1.3	1.4	0.8	1.2	1.5	1.0	1.1	1.4	1.2	1.6	2.1	1.4	0.8	1.9	0.2	1.0	1.4	1.2	1.6	1.2
Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.1	1.4	1.3	1.0	1.0	1.0
Depreciation	0.8	0.8	0.8	0.8	1.0	1.2	1.2	1.1	1.1	0.9	1.2	1.3	1.6	1.6	1.6	1.6	1.8	1.8	2.5	2.6	2.7	2.9	2.7	2.8
Profit before tax	-5.7	8.6	20.6	3.0	13.7	12.2	9.1	15.4	19.6	14.2	13.0	17.6	20.9	13.8	16.8	13.9	18.0	15.5	19.2	24.5	20.4	23.0	22.1	26.6
Tax	-1.4	2.2	5.4	0.8	3.5	3.0	2.9	3.7	5.1	3.6	3.5	4.7	5.4	3.3	4.3	3.7	4.7	4.1	5.0	6.4	5.4	5.3	5.9	6.3
Net profit	-4.3	6.4	15.2	2.2	10.2	9.2	6.2	11.7	14.4	10.5	0.0	12.9	15.5	10.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS ₹	-1.57	2.33	5.55	0.81	3.71	3.34	2.26	4.26	5.26	3.84	1.73	2.35	2.83	1.92	2.28	1.86	2.42	2.09	2.59	3.24	2.69	3.16	2.85	3.58
Revenue YoY	—	—	—	—	59.1%	16.1%	13.7%	90.9%	20.3%	22.6%	26.2%	19.0%	14.6%	11.1%	21.0%	7.8%	26.2%	22.4%	45.2%	24.3%	27.1%	—	13.8%	22.1%
Profit YoY	—	—	—	—	—	43.6%	-59.4%	428.1%	41.9%	15.0%	-100.0%	10.5%	7.6%	-0.2%	—	-100.0%	-100.0%	-100.0%	—	—	—	—	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 18 periods

	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	16.9%	17.4%	13.8%	14.3%	13.6%	13.6%	12.6%	8.4%	3.2%	0.0%	0.0%	0.0%	0.0%
ROCE	—	—	—	—	—	22.9%	23.7%	23.4%	24.2%	23.0%	22.9%	22.4%	21.2%	19.3%	19.8%	18.1%	18.7%	18.2%
Net margin	11.9%	18.3%	19.0%	13.9%	16.2%	17.2%	16.9%	13.7%	13.5%	13.4%	13.1%	12.5%	8.2%	3.1%	0.0%	0.0%	0.0%	0.0%
EBITDA margin	9.4%	18.4%	19.5%	18.9%	21.9%	23.2%	22.9%	23.0%	22.8%	22.7%	22.0%	22.0%	20.6%	18.6%	18.2%	20.0%	19.7%	19.0%
Debt / equity	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.07	0.06
Interest coverage	265.60	574.00	707.71	543.14	840.83	1125.60	1455.75	2071.67	3214.00	6561.00	6528.00	6908.00	3273.00	2085.00	2142.00	19.45	20.53	22.89
Asset turnover	—	—	—	—	—	0.81	0.86	0.86	0.90	0.89	0.91	0.89	0.90	0.92	0.96	0.84	0.86	0.85

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	27.4	27.4	54.8	54.8	54.8	56.8	56.8	56.8
Other equity / reserves	217.9	238.1	230.9	253.9	269.1	386.1	418.3	443.0
Total equity	245.3	265.5	285.7	308.7	323.9	442.9	475.1	499.8
Borrowings	0.2	0.0	0.0	0.0	0.0	45.2	32.3	28.5
Current liabilities	50.9	45.9	39.6	41.6	44.4	65.7	74.4	92.7
Non-current liabilities	0.2	0.6	0.2	0.6	1.0	51.0	39.5	39.8
Total assets	296.4	312.0	325.6	350.9	369.3	559.6	588.9	632.2
Property, plant & equipment	47.0	49.4	54.7	53.0	57.0	55.2	66.9	64.4
Capital work-in-progress	2.9	5.4	—	5.8	0.2	0.2	10.3	5.0
Investments	0.0	0.0	0.0	0.0	6.9	55.4	57.3	19.0
Inventories	85.2	100.4	102.2	95.3	104.9	107.5	110.6	114.0
Receivables	48.1	51.4	54.3	65.5	86.4	137.7	155.2	195.4
Cash & equivalents	43.2	30.4	36.9	42.7	40.4	51.7	56.8	87.0

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	35.2	-18.7	32.4	44.4
Cash from investing	-11.1	9.4	-11.8	-69.8
Cash from financing	-17.4	-5.5	-8.2	38.8
Capex	22.1	10.1	12.5	27.8
Free cash flow	13.0	-28.8	19.9	16.6
Dividends paid	4.1	5.5	8.2	8.2

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹64.4 cr10%

CWIP

₹5.0 cr1%

Investments

₹19.0 cr3%

Inventories

₹114.0 cr18%

Receivables

₹195.4 cr31%

Cash & equivalents

₹87.0 cr14%

Other assets

₹147.4 cr23%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Sirca Paints India Limited	2,307	406.30	—	4.62	0.0%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-1.8%

6 months-4.5%

1 year-20.6%

3Y CAGR+3.7%

5Y CAGR+16.1%

10Y CAGR—

50-day avg₹417.52

200-day avg₹428.16

RSI (14)32

FAQs

What is the share price of Sirca Paints India Limited?

Sirca Paints India Limited (SIRCA) closed at ₹406.30 on NSE on 06 Nov 2026.

What is the market cap of Sirca Paints India Limited?

₹2,307 crore at the latest close.

How fast is Sirca Paints India Limited growing?

Sirca Paints India Limited: revenue has compounded at 35.0% a year over three years. Latest-quarter revenue is up 22.1% year on year.

How profitable is Sirca Paints India Limited?

On a trailing-twelve-month basis return on equity is 0.0%, return on capital employed 18.2%, operating margin 19.0%, net margin 0.0%.

How much debt does Sirca Paints India Limited have?

Sirca Paints India Limited is lightly geared: debt to equity is 0.06 with borrowings of ₹28 cr against cash of ₹87 cr (balance sheet of 2026-09-30). Operating profit covers interest 22.9 times.

Financials parsed from Sirca Paints India Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '20, annual from FY21, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.