About
Sirca Paints India Limited manufactures and sells wood coatings and decorative paints in India and internationally. The company offers wood, metal, glass, polyester, metallic, specialty, protective, polyurethane polish (PU), and nitrocellulose (NC) coatings; wall paints; solid color finishes and wall textures; acrylic PUs and UVs; enamels; thinners, reducers, retarders, paint removers, and interior finishing products; and melamine and economical PU products. It sells its products under the Sirca, Oikos, Wembley, Valentino, Welcome, Unico, San Marco, and Durante Vivan brands. The company serves architects, interior designers, retail dealers, homeowners, and original equipment manufacturers (OEMs). It exports its products to Nepal, Bangladesh, and Sri Lanka. Sirca Paints India Limited was founded in 1973 and is based in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap2,494 Cr
P/E37.20
Div Yield0.46 %
Book Value₹83.70
52w High₹539.00
52w Low₹385.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 130.00 | 134.00 | 113.00 | 131.00 | 114.00 | 101.00 | 89.00 | 105.00 | 79.00 | 83.00 | 72.00 | 84.00 | 73.00 |
| Expenses | 106.00 | 109.00 | 90.00 | 104.00 | 92.00 | 82.00 | 73.00 | 86.00 | 65.00 | 66.00 | 59.00 | 62.00 | 56.00 |
| Operating Profit | 24.00 | 26.00 | 23.00 | 27.00 | 23.00 | 19.00 | 15.00 | 19.00 | 14.00 | 16.00 | 14.00 | 21.00 | 17.00 |
| OPM % | 19.00 | 19.00 | 20.00 | 21.00 | 20.00 | 19.00 | 17.00 | 18.00 | 18.00 | 20.00 | 19.00 | 25.00 | 24.00 |
| Other Income | 2.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 2.00 | 1.00 | 1.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Depreciation | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 22.00 | 23.00 | 20.00 | 24.00 | 19.00 | 18.00 | 16.00 | 18.00 | 14.00 | 17.00 | 14.00 | 21.00 | 18.00 |
| Tax % | 27.00 | 23.00 | 26.00 | 26.00 | 26.00 | 22.00 | 26.00 | 26.00 | 27.00 | 26.00 | 24.00 | 26.00 | 27.00 |
| Net Profit | 16.00 | 18.00 | 15.00 | 18.00 | 14.00 | 14.00 | 11.00 | 13.00 | 10.00 | 13.00 | 11.00 | 16.00 | 13.00 |
| EPS in Rs | 2.85 | 3.12 | 2.65 | 3.19 | 2.59 | 2.58 | 2.09 | 2.42 | 1.86 | 2.28 | 1.92 | 2.83 | 2.35 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 492.00 | 372.00 | 311.00 | 264.00 | 196.00 | 141.00 | 134.00 | 116.00 | 89.00 | 83.00 | 71.00 | 65.00 |
| Expenses | 394.00 | 304.00 | 243.00 | 202.00 | 158.00 | 128.00 | 103.00 | 84.00 | 63.00 | 62.00 | 61.00 | 60.00 |
| Operating Profit | 99.00 | 67.00 | 69.00 | 62.00 | 38.00 | 12.00 | 31.00 | 32.00 | 26.00 | 20.00 | 10.00 | 6.00 |
| OPM % | 20.00 | 18.00 | 22.00 | 23.00 | 20.00 | 9.00 | 23.00 | 27.00 | 29.00 | 25.00 | 14.00 | 9.00 |
| Other Income | 4.00 | 5.00 | 6.00 | 5.00 | 4.00 | 14.00 | 6.00 | 6.00 | 4.00 | 2.00 | 2.00 | 4.00 |
| Interest | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 11.00 | 7.00 | 6.00 | 4.00 | 4.00 | 4.00 | 2.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 |
| Profit before tax | 87.00 | 65.00 | 69.00 | 62.00 | 38.00 | 23.00 | 34.00 | 37.00 | 30.00 | 22.00 | 11.00 | 9.00 |
| Tax % | 25.00 | 25.00 | 26.00 | 26.00 | 27.00 | 27.00 | 26.00 | 30.00 | 34.00 | 36.00 | 35.00 | 35.00 |
| Net Profit | 65.00 | 49.00 | 51.00 | 46.00 | 28.00 | 17.00 | 25.00 | 26.00 | 19.00 | 14.00 | 7.00 | 6.00 |
| EPS in Rs | 11.45 | 8.96 | 9.39 | 8.41 | 5.06 | 3.03 | 4.59 | 4.73 | 4.82 | 456.67 | 242.67 | 206.00 |
| Dividend Payout % | 17.00 | 17.00 | 16.00 | 9.00 | 20.00 | 25.00 | 16.00 | 7.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 57.00 | 55.00 | 55.00 | 27.00 | 27.00 | 27.00 | 27.00 | 18.00 | 13.00 | 0.10 | 0.10 | 0.10 |
| Reserves | 418.00 | 295.00 | 254.00 | 238.00 | 198.00 | 174.00 | 157.00 | 150.00 | 54.00 | 34.00 | 20.00 | 13.00 |
| Borrowings | 32.00 | 50.00 | 0.00 | 0.00 | 0.00 | 13.00 | 0.00 | 0.00 | 5.00 | 4.00 | 11.00 | 12.00 |
| Other Liabilities | 81.00 | 51.00 | 42.00 | 47.00 | 37.00 | 40.00 | 25.00 | 23.00 | 22.00 | 23.00 | 14.00 | 8.00 |
| Total Liabilities | 589.00 | 451.00 | 351.00 | 312.00 | 262.00 | 255.00 | 210.00 | 191.00 | 95.00 | 61.00 | 45.00 | 33.00 |
| Fixed Assets | 174.00 | 164.00 | 58.00 | 54.00 | 53.00 | 41.00 | 50.00 | 25.00 | 20.00 | 8.00 | 2.00 | 2.00 |
| CWIP | 10.00 | 0.00 | 6.00 | 5.00 | 1.00 | 2.00 | 0.00 | 9.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 57.00 | 2.00 | 44.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 3.00 | 2.00 |
| Other Assets | 348.00 | 285.00 | 243.00 | 252.00 | 208.00 | 212.00 | 160.00 | 157.00 | 75.00 | 51.00 | 40.00 | 29.00 |
| Total Assets | 589.00 | 451.00 | 351.00 | 312.00 | 262.00 | 255.00 | 210.00 | 191.00 | 95.00 | 61.00 | 45.00 | 33.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 44.00 | 54.00 | 42.00 | -19.00 | 35.00 | 19.00 | -8.00 | 12.00 | -1.00 | 11.00 | 5.00 |
| Cash from Investing Activity | -70.00 | -45.00 | -21.00 | 9.00 | -11.00 | 15.00 | 5.00 | -71.00 | -13.00 | -5.00 | -1.00 |
| Cash from Financing Activity | 39.00 | -8.00 | -8.00 | -6.00 | -17.00 | 0.00 | -8.00 | 68.00 | 16.00 | -7.00 | -1.00 |
| Net Cash Flow | 14.00 | 1.00 | 12.00 | -15.00 | 7.00 | 34.00 | -11.00 | 9.00 | 1.00 | -2.00 | 2.00 |
| Free Cash Flow | 17.00 | -53.00 | 32.00 | -29.00 | 19.00 | 26.00 | -29.00 | -2.00 | -14.00 | 5.00 | 4.00 |
| CFO/OP % | 67.00 | 105.00 | 80.00 | 0.00 | 121.00 | 204.00 | 13.00 | 76.00 | -5.00 | 53.00 | 94.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 115.00 | 92.00 | 77.00 | 71.00 | 85.00 | 112.00 | 124.00 | 125.00 | 137.00 | 106.00 | 83.00 | 62.00 |
| Inventory Days | 151.00 | 198.00 | 206.00 | 248.00 | 217.00 | 282.00 | 265.00 | 144.00 | 120.00 | 76.00 | 45.00 | 26.00 |
| Days Payable | 74.00 | 71.00 | 70.00 | 90.00 | 98.00 | 151.00 | 105.00 | 92.00 | 56.00 | 70.00 | 44.00 | 22.00 |
| Cash Conversion Cycle | 193.00 | 218.00 | 213.00 | 229.00 | 204.00 | 242.00 | 285.00 | 177.00 | 201.00 | 112.00 | 84.00 | 67.00 |
| Working Capital Days | 152.00 | 161.00 | 150.00 | 209.00 | 159.00 | 200.00 | 223.00 | 157.00 | 126.00 | 48.00 | 4.00 | 44.00 |
| ROCE % | 20.00 | 19.00 | 24.00 | 25.00 | 18.00 | 11.00 | 19.00 | 31.00 | 54.00 | 63.00 | 40.00 | — |
Corporate Actions
11 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 31 Jul 2026 | 31 Jul 2026 | — | 2.00 | |
| Dividend | 04 Sep 2025 | 05 Sep 2025 | — | 1.50 | |
| Dividend | 22 Aug 2024 | 22 Aug 2024 | — | 1.50 | |
| Other | 22 Aug 2024 | — | — | — | Annual General Meeting |
| Dividend | 18 Aug 2023 | — | — | 1.50 | |
| Bonus | 11 May 2023 | 11 May 2023 | 1:1 | — | |
| Dividend | 19 Jul 2022 | — | — | 2.00 | |
| Dividend | 29 Jul 2021 | — | — | 1.50 | |
| Other | 09 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 12 Mar 2020 | 13 Mar 2020 | — | 1.50 | |
| Dividend | 29 Aug 2019 | — | — | 1.00 |