Sirca Paints India Ltd
NSE:SIRCA

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Sirca Paints India Ltd Logo
Sirca Paints India Ltd
NSE:SIRCA
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Price: 343.5 INR 0.9% Market Closed
Market Cap: 18.8B INR
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Intrinsic Value

The intrinsic value of one SIRCA stock under the Base Case scenario is 286.41 INR. Compared to the current market price of 343.5 INR, Sirca Paints India Ltd is Overvalued by 17%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

SIRCA Intrinsic Value
286.41 INR
Overvaluation 17%
Intrinsic Value
Price
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Base Case
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Sirca Paints India Ltd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Sirca Paints India Ltd

Current Assets 2.8B
Cash & Short-Term Investments 1.2B
Receivables 655.9m
Other Current Assets 996.7m
Non-Current Assets 680.1m
Long-Term Investments 9.8m
PP&E 588.6m
Intangibles 52.6m
Other Non-Current Assets 29.1m
Current Liabilities 416.1m
Accounts Payable 325.4m
Other Current Liabilities 90.7m
Non-Current Liabilities 6m
Other Non-Current Liabilities 6m
Efficiency

Earnings Waterfall
Sirca Paints India Ltd

Revenue
3.1B INR
Cost of Revenue
-1.8B INR
Gross Profit
1.3B INR
Operating Expenses
-688.4m INR
Operating Income
628.5m INR
Other Expenses
-114.2m INR
Net Income
514.3m INR

Free Cash Flow Analysis
Sirca Paints India Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Sirca Paints India Limited closed financial year 2024 with a revenue of INR 312 crores, up 16% from the previous year. Despite a challenging Q4, the company saw a pick-up in March. Sirca announced a new agreement with OIKOS S.P.A. Italy to manufacture high-value, eco-friendly paints in India, aimed at revolutionizing the industry. They also acquired Welcome Brand for INR 20 crores, expecting to double its revenue within a year. The company provided guidance of 40% top-line growth and 22% EBITDA margins for FY '25, driven by strong performance in wood coatings and new high-value products .

What is Earnings Call?
Fundamental Scores

SIRCA Profitability Score
Profitability Due Diligence

Sirca Paints India Ltd's profitability score is 63/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Positive 3-Year Average ROIC
Positive 3-Year Average ROE
63/100
Profitability
Score

Sirca Paints India Ltd's profitability score is 63/100. The higher the profitability score, the more profitable the company is.

SIRCA Solvency Score
Solvency Due Diligence

Sirca Paints India Ltd's solvency score is 93/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
93/100
Solvency
Score

Sirca Paints India Ltd's solvency score is 93/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SIRCA Price Targets Summary
Sirca Paints India Ltd

Wall Street analysts forecast SIRCA stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SIRCA is 448.8 INR with a low forecast of 444.4 INR and a high forecast of 462 INR.

Lowest
Price Target
444.4 INR
29% Upside
Average
Price Target
448.8 INR
31% Upside
Highest
Price Target
462 INR
34% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
Unsafe
Safe
Very
Safe
0
25
50
75
100
Shareholder Yield

Current shareholder yield for SIRCA is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
Lowest
Average
Highest
Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
Average
Highest

Profile

Sirca Paints India Ltd Logo
Sirca Paints India Ltd

Country

India

Industry

Distributors

Market Cap

18.8B INR

Dividend Yield

0.44%

Description

Sirca Paints India Ltd. engages in the manufacture of wood coatings and wall paints. The company is headquartered in Delhi, Delhi and currently employs 395 full-time employees. The company went IPO on 2018-05-30. The firm is principally involved in manufacturing, sales, and exports of wood coatings and other decorative paints under the brands Sirca, Unico, and others. The firm is involved in the business of import and distribution of total product range of Sirca S.P.A. Italy. Its product range includes polyurethane coatings (PU) products, stains, acrylic polyurethane coatings (PU), polyester, Wall paints, and ultraviolet (U.V.) products. Its paints and textures include interior, exterior, wall primer, finishes/effects, and wall putty. Its interior products include SIRCA AMORE GLOSS Emulsion, SIRCA DOUBLE FACE Emulsion, and SIRCA FRESCO MATT. Its exterior products include SIRCA ROSSA Weatherproof Emulsion, and SIRCA STELLAR Economy Emulsion. The company also provides wood coatings, metal coating, and glass coatings.

Contact

DELHI
DELHI
Plot No.50, Phase-Ii, Badli Industrial Area
+9101142083083
www.sircapaints.com

IPO

2018-05-30

Employees

395

Officers

Co-Founder, Chairman & MD
Mr. Sanjay Agarwal
Joint MD & Executive Director
Mr. Apoorv Agarwal
Co-Founder & Non-Executive Director
Mr. Gurjit Singh Bains
Chief Financial Officer
Ms. Shallu Arora

See Also

Discover More
What is the Intrinsic Value of one SIRCA stock?

The intrinsic value of one SIRCA stock under the Base Case scenario is 286.41 INR.

Is SIRCA stock undervalued or overvalued?

Compared to the current market price of 343.5 INR, Sirca Paints India Ltd is Overvalued by 17%.

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