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    Sirca Paints India Limited

    Makes premium wood coatings & decorative paints; exclusive India licensee of Italy's Sirca brand.

    Consumer Durables
    Consumer Discretionary
    View SIRCA earnings calls
    ₹412.3
    -2.96% from avg

    Overview

    Price

    ₹412.3

    Market Cap

    ₹2.2k Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2727272755555757
    Reserves157174198238254295386418
    Borrowings013000504532
    Other Liabilities2540374742517181
    Total Liabilities210255262312351451560589
    AssetsFixed Assets5041535458164174174
    CWIP021560010
    Investments00004425557
    Other Assets160212208252243285330348
    Total Assets210255262312351451560589

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating12-81935-19425444
    Cash from Investing-71515-119-21-45-70
    Cash from Financing68-80-17-6-8-839
    SummaryCapital Expenditure
    Free Cash Flow-2-292619-2932-5317
    FCF Margin

    Valuation

    Assumptions

    Current — SIRCA
    Price
    ₹412
    EPS (TTM)
    ₹11.55
    PE (TTM)
    35.7
    Profit growth
    12.2%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (39.7×) and current (35.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹412
    vs
    Fair value · 15% return
    ₹321
    22%Overvalued

    At 12.2% growth and a 36× exit, ₹412 only delivers your return if you pay ₹321. The price is currently baking in 17% growth.

    EPS grows 12.2%/yr for 5 years, then fades to 6% over 2, exits at 36×.

    YearGrowthEPS (₹)
    FY2712.2%12.96
    FY2812.2%14.54
    FY2912.2%16.31
    FY3012.2%18.30
    FY3112.2%20.54
    FY329.1% ·fade22.41
    FY336.0% ·fade23.75

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Sirca Paints India Limited

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