SIRCA Paints India Ltd - Stock Valuation and Financial Performance

BSE: 543686 | NSE: SIRCA | Trading | Small Cap

SIRCA Paints India Share Price

325 -1.75 -0.54%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on SIRCA Paints India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

SIRCA Paints India stock performance -

mw4me loader
P/E Ratio (SA):
38.29
Market Cap:
1,781.3 Cr.
52-wk low:
283.5
52-wk high:
443.9

Is SIRCA Paints India Ltd an attractive stock to invest in?

1. Is SIRCA Paints India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SIRCA Paints India Ltd is a good quality company.

2. Is SIRCA Paints India Ltd undervalued or overvalued?

The key valuation ratios of SIRCA Paints India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is SIRCA Paints India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SIRCA Paints India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SIRCA Paints India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SIRCA Paints India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 43.9%40.2%62.8%53.8%30.9%19.4%11.4%17.3%25.3%24.1%-
Value Creation
Index
2.11.93.52.81.20.4-0.20.20.80.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 65.370.682.589.2116135143200268312339
Sales YoY Gr.-8.1%17%8.1%30.2%16.3%6%39.7%33.9%16.4%-
Adj EPS 11.83.64.94.54.42.958.49.28.5
YoY Gr.-82.7%100.6%37.1%-7.7%-2.4%-34.5%72.8%67.9%9.6%-
BVPS (₹) 3.65.59.316.830.633.736.841.148.556.359.1
Adj Net
Profit
3.66.613.319.824.924.315.927.546.150.547
Cash Flow from Ops. 6.64.610.7-1.312.3-7.619.235.2-18.732.4-
Debt/CF from Ops. 1.82.30.4-3.80-00.7000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19%21.8%29.6%16.4%
Adj EPS 28.3%15.2%47%9.6%
BVPS35.9%13%15.3%16.3%
Share Price - 6.4% -13.9% -18.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
36.139.348.638.821.213.88.212.918.817.614.7
Op. Profit
Mgn %
8.713.724.529.727.623.39.119.423.622.118.6
Net Profit
Mgn %
5.69.416.122.221.41811.113.717.216.213.7
Debt to
Equity
0.90.50.10.1000.10000
Working Cap
Days
95108140200225268322249239264137
Cash Conv.
Cycle
546981123134164182130127128117

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.61%

Net Profit is growing at healthy rate in last 3 years 47.04%

Sales growth is good in last 4 quarters at 16.55%

Return on Equity has declined versus last 3 years average to 14.70%

Latest Financials - SIRCA Paints India Ltd.

Standalone Consolidated
TTM EPS (₹) 8.5 8.5
TTM Sales (₹ Cr.) 339 339
BVPS (₹.) 59.1 59.1
Reserves (₹ Cr.) 277 269
P/BV 5.50 5.50
PE 38.29 38.29
From the Market
52 Week Low / High (₹) 283.50 / 443.90
All Time Low / High (₹) 283.50 / 443.90
Market Cap (₹ Cr.) 1,781
Equity (₹ Cr.) 54.8
Face Value (₹) 10
Industry PE 62.3

Management X-Ray of SIRCA Paints India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SIRCA Paints India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales65718389116135143200268312
Operating Expenses 6061626384104131162206243
Manufacturing Costs11112467913
Material Costs50494945687184117147169
Employee Cost 223581315182330
Other Costs 7891261726202731
Operating Profit 6102026323112386269
Operating Profit Margin (%) 8.6%13.7%24.5%29.1%27.4%23.0%8.6%18.9%23.1%22.0%
Other Income 52246614456
Interest 0000000000
Depreciation 0101124446
Exceptional Items 0000000000
Profit Before Tax 9112230373423386269
Tax 348101196101618
Profit After Tax 671419262517284651
PAT Margin (%) 9.5%10.3%16.6%21.7%22.3%18.6%11.6%13.9%17.2%16.5%
Adjusted EPS (₹)1.72.03.74.84.74.63.05.18.49.4
Dividend Payout Ratio (%)0%0%0%0%7%16%25%20%9%16%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 13203468168185202225266309
Share Capital 00013182727272755
Reserves 13203454150157174198238254
Minority Interest0000000000
Debt1211450013000
Long Term Debt0000000000
Short Term Debt1110450013000
Trade Payables3697172035313733
Others Liabilities 581415141310152527
Total Liabilities 33456194199218260271328369

Fixed Assets

Gross Block22923295949647079
Accumulated Depreciation0023468111520
Net Fixed Assets22720255341535458
CWIP 0010902156
Investments 2320000000
Inventories4610152751657010095
Trade Receivables11162434404643465166
Cash Equivalents 13151315825079835270
Others Assets23411171830196474
Total Assets 33456194199218260271328369

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 7511-112-81935-1932
PBT 9112230373423386269
Adjustment 110-13-3-11211
Changes in Working Capital -2-3-11-18-10-2916-63-25
Tax Paid -2-500-12-12-6-11-19-13
Cash Flow From Investing Activity 0-1-5-13-71515-119-12
Capex 0-1-5-13-15-227-16-10-10
Net Investments 0-100-57205316-6
Others 0000163235
Cash Flow From Financing Activity -1-1-71668-80-17-6-8
Net Proceeds from Shares 000147300000
Net Proceeds from Borrowing -1000-500000
Interest Paid 0000000000
Dividend Paid 00000-80-4-5-8
Others 0-1-71000-1300
Net Cash Flow 62-219-11347-1512
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)61.3943.3450.2438.1622.0114.278.612.9918.7917.91
ROCE (%)43.940.2162.7753.8230.8519.4411.417.325.3324.06
Asset Turnover Ratio2.091.81.551.150.790.650.60.750.890.9
PAT to CFO Conversion(x)1.170.710.79-0.050.46-0.321.121.25-0.410.63
Working Capital Days
Receivable Days647088118115115113816668
Inventory Days2425365165106148123116115
Payable Days3833576665961201038475

SIRCA Paints India Ltd Stock News

SIRCA Paints India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SIRCA Paints India on 20-Dec-2024 16:59 is ₹325.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of SIRCA Paints India stood at ₹1,781.3.
The latest P/E ratio of SIRCA Paints India as of 20-Dec-2024 16:59 is 38.29.
The latest P/B ratio of SIRCA Paints India as of 20-Dec-2024 16:59 is 5.50.
The 52-week high of SIRCA Paints India is ₹443.9 and the 52-week low is ₹283.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SIRCA Paints India is ₹339.3 ( Cr.) .

About SIRCA Paints India Ltd

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