View ValuationSirca Paints India 향후 성장Future 기준 점검 4/6Sirca Paints India (는) 각각 연간 22.1% 및 19% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 21.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 17.2% 로 예상됩니다.핵심 정보22.1%이익 성장률21.77%EPS 성장률Retail Distributors 이익 성장12.2%매출 성장률19.0%향후 자기자본이익률17.20%애널리스트 커버리지Low마지막 업데이트18 May 2026최근 향후 성장 업데이트Price Target Changed • Feb 15Price target decreased by 11% to ₹375Down from ₹420, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ₹286. Stock is down 23% over the past year. The company is forecast to post earnings per share of ₹9.00 for next year compared to ₹9.38 last year.Price Target Changed • May 23Price target decreased by 8.3% to ₹440Down from ₹480, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₹333. Stock is up 10% over the past year. The company is forecast to post earnings per share of ₹12.30 for next year compared to ₹9.38 last year.모든 업데이트 보기Recent updates공고 • 2hSirca Paints India Limited, Annual General Meeting, Aug 11, 2026Sirca Paints India Limited, Annual General Meeting, Aug 11, 2026, at 12:30 Indian Standard Time.Reported Earnings • May 09Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: ₹11.63 (up from ₹8.95 in FY 2025). Revenue: ₹4.96b (up 33% from FY 2025). Net income: ₹650.2m (up 33% from FY 2025). Profit margin: 13% (in line with FY 2025). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Retail Distributors industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.Buy Or Sell Opportunity • Mar 17Now 25% overvaluedOver the last 90 days, the stock has fallen 11% to ₹428. The fair value is estimated to be ₹342, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 69% in the next 2 years.Reported Earnings • Feb 01Third quarter 2026 earnings released: EPS: ₹2.69 (vs ₹2.09 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.69 (up from ₹2.09 in 3Q 2025). Revenue: ₹1.14b (up 29% from 3Q 2025). Net income: ₹150.3m (up 31% from 3Q 2025). Profit margin: 13% (in line with 3Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Retail Distributors industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year.공고 • Jan 23Sirca Paints India Limited to Report Q3, 2026 Results on Jan 31, 2026Sirca Paints India Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Jan 31, 2026Reported Earnings • Nov 15Second quarter 2026 earnings released: EPS: ₹3.24 (vs ₹2.42 in 2Q 2025)Second quarter 2026 results: EPS: ₹3.24 (up from ₹2.42 in 2Q 2025). Revenue: ₹1.31b (up 24% from 2Q 2025). Net income: ₹181.0m (up 36% from 2Q 2025). Profit margin: 14% (up from 13% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Retail Distributors industry in Asia.공고 • Oct 29Sirca Paints India Limited to Report Q2, 2026 Results on Nov 10, 2025Sirca Paints India Limited announced that they will report Q2, 2026 results on Nov 10, 2025공고 • Sep 22Sirca Paints India Limited Approves Final Dividend for the Financial Year Ended March 31, 2025Sirca Paints India Limited announced that at the AGM held on September 20, 2025, approved to declare a Final dividend of INR 1.5 (15%) per Equity Shares of Face value of INR 10 each for the financial year ended March 31, 2025.Declared Dividend • Aug 27Dividend of ₹1.50 announcedDividend of ₹1.50 is the same as last year. Ex-date: 4th September 2025 Payment date: 20th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 25% over the next year, which should provide support to the dividend and adequate earnings cover.공고 • Aug 25Sirca Paints India Limited, Annual General Meeting, Sep 20, 2025Sirca Paints India Limited, Annual General Meeting, Sep 20, 2025, at 12:30 Indian Standard Time.Reported Earnings • Aug 03First quarter 2026 earnings released: EPS: ₹2.59 (vs ₹1.86 in 1Q 2025)First quarter 2026 results: EPS: ₹2.59 (up from ₹1.86 in 1Q 2025). Revenue: ₹1.14b (up 45% from 1Q 2025). Net income: ₹142.0m (up 39% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Retail Distributors industry in Asia.공고 • Jul 30Sirca Paints India Limited to Report Q1, 2026 Results on Aug 02, 2025Sirca Paints India Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Aug 02, 2025Reported Earnings • May 23Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: ₹8.95 (down from ₹9.38 in FY 2024). Revenue: ₹3.79b (up 22% from FY 2024). Net income: ₹490.6m (down 4.6% from FY 2024). Profit margin: 13% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Retail Distributors industry in Asia.공고 • May 15Sirca Paints India Limited to Report Q4, 2025 Results on May 22, 2025Sirca Paints India Limited announced that they will report Q4, 2025 results on May 22, 2025Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹308, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Retail Distributors industry in Asia. Total loss to shareholders of 3.0% over the past year.Price Target Changed • Feb 15Price target decreased by 11% to ₹375Down from ₹420, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ₹286. Stock is down 23% over the past year. The company is forecast to post earnings per share of ₹9.00 for next year compared to ₹9.38 last year.Reported Earnings • Feb 12Third quarter 2025 earnings released: EPS: ₹2.09 (vs ₹1.92 in 3Q 2024)Third quarter 2025 results: EPS: ₹2.09 (up from ₹1.92 in 3Q 2024). Revenue: ₹887.1m (up 22% from 3Q 2024). Net income: ₹114.6m (up 9.0% from 3Q 2024). Profit margin: 13% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Retail Distributors industry in Asia.공고 • Feb 07Sirca Paints India Limited to Report Q3, 2025 Results on Feb 11, 2025Sirca Paints India Limited announced that they will report Q3, 2025 results on Feb 11, 2025공고 • Nov 09Sirca Paints India Limited to Report Q2, 2025 Results on Nov 14, 2024Sirca Paints India Limited announced that they will report Q2, 2025 results on Nov 14, 2024Upcoming Dividend • Aug 16Upcoming dividend of ₹1.50 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.2%).Reported Earnings • Aug 05Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₹9.38 (up from ₹8.41 in FY 2023). Revenue: ₹3.12b (up 16% from FY 2023). Net income: ₹514.3m (up 12% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 8.0%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Retail Distributors industry in Asia.공고 • Aug 04Sirca Paints India Limited to Report Q1, 2025 Results on Aug 10, 2024Sirca Paints India Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 10, 2024Declared Dividend • Aug 02Dividend of ₹1.50 announcedDividend of ₹1.50 is the same as last year. Ex-date: 22nd August 2024 Payment date: 28th September 2024 Dividend yield will be 0.4%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 58% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공고 • Aug 01Sirca Paints India Limited, Annual General Meeting, Aug 29, 2024Sirca Paints India Limited, Annual General Meeting, Aug 29, 2024, at 12:30 Indian Standard Time.Price Target Changed • May 23Price target decreased by 8.3% to ₹440Down from ₹480, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₹333. Stock is up 10% over the past year. The company is forecast to post earnings per share of ₹12.30 for next year compared to ₹9.38 last year.Reported Earnings • May 20Full year 2024 earnings released: EPS: ₹9.38 (vs ₹8.41 in FY 2023)Full year 2024 results: EPS: ₹9.38 (up from ₹8.41 in FY 2023). Revenue: ₹3.18b (up 19% from FY 2023). Net income: ₹514.3m (up 12% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Retail Distributors industry in Asia.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹346, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Retail Distributors industry in Asia. Total returns to shareholders of 7.7% over the past year.Reported Earnings • Feb 06Third quarter 2024 earnings released: EPS: ₹1.92 (vs ₹1.92 in 3Q 2023)Third quarter 2024 results: EPS: ₹1.92 (in line with 3Q 2023). Revenue: ₹741.2m (up 14% from 3Q 2023). Net income: ₹105.1m (flat on 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Retail Distributors industry in Asia.공고 • Jan 27Sirca Paints India Limited to Report Q3, 2024 Results on Feb 05, 2024Sirca Paints India Limited announced that they will report Q3, 2024 results on Feb 05, 2024Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: ₹2.83 (vs ₹2.63 in 2Q 2023)Second quarter 2024 results: EPS: ₹2.83 (up from ₹2.63 in 2Q 2023). Revenue: ₹848.0m (up 16% from 2Q 2023). Net income: ₹155.1m (up 7.6% from 2Q 2023). Profit margin: 18% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Retail Distributors industry in Asia.공고 • Nov 05Sirca Paints India Limited to Report Q2, 2024 Results on Nov 11, 2023Sirca Paints India Limited announced that they will report Q2, 2024 results at 12:08 PM, Indian Standard Time on Nov 11, 2023공고 • Oct 11Sirca Paints India Limited Informs Mr. Suraj Singh Resigns as Company Secretary, Compliance Officer and Nodal OfficerSirca Paints India Limited informed that Mr. Suraj Singh has resigned from the post of Company Secretary, Compliance officer and Nodal Officer of the Company due to personal reasons.공고 • Sep 22Sirca Paints India Limited Announces Resignation of Anil Kumar Mehrotra as Non-Executive and Independent DirectorSirca Paints India Limited announced that Mr. Anil Kumar Mehrotra vide his letter dated September 16, 2023, has tendered his resignation as Non-Executive and Independent Director of the Company with effect from the close of business hours on September 20, 2023, due to pre-occupation and other personal commitments. Therefore, the Board of Directors of the Company at their meeting held September 20, 2023 took on record the resignation of Mr. Anil Kumar Mehrotra. He is director of English Helper Education Technologies Private Limited.공고 • Aug 27Sirca Paints India Limited Declares Final Dividend for the Financial Year Ended March 31, 2023Sirca Paints India Limited announced that at the AGM was held on August 25, 2023, the company declared a final dividend of INR 1.50 (15%) per Equity Shares of Face value of INR 10/- each for the financial year ended March 31, 2023.공고 • Aug 06Sirca Paints India Limited to Report Q1, 2024 Results on Aug 14, 2023Sirca Paints India Limited announced that they will report Q1, 2024 results on Aug 14, 2023Reported Earnings • Jul 30Full year 2023 earnings released: EPS: ₹8.41 (vs ₹5.06 in FY 2022)Full year 2023 results: EPS: ₹8.41 (up from ₹5.06 in FY 2022). Revenue: ₹2.68b (up 34% from FY 2022). Net income: ₹461.1m (up 66% from FY 2022). Profit margin: 17% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Retail Distributors industry in Asia.공고 • Jul 27Sirca Paints India Limited Proposes Final Dividend for the Financial Year Ended March 31, 2023Sirca Paints India Limited proposed Final dividend of INR 1.50/- per equity share (15%) on par value of INR 10/- per share for the financial year ended March 31, 2023 to those members as on record date i.e. August 18, 2023 subject to the approval of members at the upcoming Annual General Meeting of the company to be held on August 25, 2023. The dividend will be paid within 30 days from the date of AGM.공고 • Jul 25Sirca Paints India Limited, Annual General Meeting, Aug 25, 2023Sirca Paints India Limited, Annual General Meeting, Aug 25, 2023, at 12:30 Indian Standard Time.New Risk • Jul 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 42% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.공고 • May 17Sirca Paints India Limited Recommends Final Dividend for the Financial Year 2022-23Sirca Paints India Limited at its board meeting, held on May 16, 2023, has recommended final dividend @ 15% i.e. INR 1.50/- (Rupees One and fifty paise only) per equity share of the face value of INR 10 each for the financial year 2022-23 subject to approval of Shareholders at the ensuing 18th Annual General Meeting (AGM).Reported Earnings • Jan 26Third quarter 2023 earnings released: EPS: ₹3.84 (vs ₹3.34 in 3Q 2022)Third quarter 2023 results: EPS: ₹3.84 (up from ₹3.34 in 3Q 2022). Revenue: ₹661.8m (up 21% from 3Q 2022). Net income: ₹105.3m (up 15% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Retail Distributors industry in Asia.공고 • Jan 18Sirca Paints India Limited to Report Nine Months, 2023 Results on Jan 25, 2023Sirca Paints India Limited announced that they will report nine months, 2023 results on Jan 25, 2023Board Change • Dec 14Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Shyam Goyal was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측BSE:543686 - 애널리스트 향후 추정치 및 과거 재무 데이터 (INR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/20299,0081,315N/A1,67013/31/20287,3001,00952797123/31/20276,19681530277423/31/20264,925650166444N/A12/31/20254,594614N/AN/AN/A9/30/20254,353579-518354N/A6/30/20254,096531N/AN/AN/A3/31/20253,740491-527543N/A12/31/20243,555475N/AN/AN/A9/30/20243,39346558369N/A6/30/20243,174487N/AN/AN/A3/31/20243,117514295420N/A12/31/20232,974484N/AN/AN/A9/30/20232,901484-6836N/A6/30/20232,794473N/AN/AN/A3/31/20232,677461-288-187N/A12/31/20222,536428N/AN/AN/A9/30/20222,416414192254N/A6/30/20222,292372N/AN/AN/A3/31/20222,000277130352N/A12/31/20212,047368N/AN/AN/A9/30/20211,96834071285N/A6/30/20211,733195N/AN/AN/A3/31/20211,432166151192N/A12/31/20201,27737N/AN/AN/A9/30/20201,15339-240-133N/A6/30/20201,148180N/AN/AN/A3/31/20201,353252-302-76N/A12/31/20191,441300N/AN/AN/A9/30/20191,369297N/A148N/A6/30/20191,192280N/AN/AN/A3/31/20191,162259N/A123N/A12/31/20181,095199N/AN/AN/A9/30/20181,052185N/A31N/A6/30/2018972189N/A9N/A3/31/2018892194N/A-13N/A3/31/2017825137N/A107N/A3/31/201670573N/A46N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 543686 의 연간 예상 수익 증가율(22.1%)이 saving rate(6.9%)보다 높습니다.수익 vs 시장: 543686 의 연간 수익(22.1%)이 Indian 시장(16.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 543686 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 543686 의 수익(연간 19%)이 Indian 시장(연간 11%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 543686 의 수익(연간 19%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 543686의 자본 수익률은 3년 후 17.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/20 14:32종가2026/07/20 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Sirca Paints India Limited는 3명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullAsian Markets Securities Private LimitedPrashanth Kumar KotaChoice Equity Broking Private LimitedFenil BrahmbhattChoice Equity Broking Private Limited
Price Target Changed • Feb 15Price target decreased by 11% to ₹375Down from ₹420, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ₹286. Stock is down 23% over the past year. The company is forecast to post earnings per share of ₹9.00 for next year compared to ₹9.38 last year.
Price Target Changed • May 23Price target decreased by 8.3% to ₹440Down from ₹480, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₹333. Stock is up 10% over the past year. The company is forecast to post earnings per share of ₹12.30 for next year compared to ₹9.38 last year.
공고 • 2hSirca Paints India Limited, Annual General Meeting, Aug 11, 2026Sirca Paints India Limited, Annual General Meeting, Aug 11, 2026, at 12:30 Indian Standard Time.
Reported Earnings • May 09Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: ₹11.63 (up from ₹8.95 in FY 2025). Revenue: ₹4.96b (up 33% from FY 2025). Net income: ₹650.2m (up 33% from FY 2025). Profit margin: 13% (in line with FY 2025). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Retail Distributors industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
Buy Or Sell Opportunity • Mar 17Now 25% overvaluedOver the last 90 days, the stock has fallen 11% to ₹428. The fair value is estimated to be ₹342, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 69% in the next 2 years.
Reported Earnings • Feb 01Third quarter 2026 earnings released: EPS: ₹2.69 (vs ₹2.09 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.69 (up from ₹2.09 in 3Q 2025). Revenue: ₹1.14b (up 29% from 3Q 2025). Net income: ₹150.3m (up 31% from 3Q 2025). Profit margin: 13% (in line with 3Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Retail Distributors industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year.
공고 • Jan 23Sirca Paints India Limited to Report Q3, 2026 Results on Jan 31, 2026Sirca Paints India Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Jan 31, 2026
Reported Earnings • Nov 15Second quarter 2026 earnings released: EPS: ₹3.24 (vs ₹2.42 in 2Q 2025)Second quarter 2026 results: EPS: ₹3.24 (up from ₹2.42 in 2Q 2025). Revenue: ₹1.31b (up 24% from 2Q 2025). Net income: ₹181.0m (up 36% from 2Q 2025). Profit margin: 14% (up from 13% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Retail Distributors industry in Asia.
공고 • Oct 29Sirca Paints India Limited to Report Q2, 2026 Results on Nov 10, 2025Sirca Paints India Limited announced that they will report Q2, 2026 results on Nov 10, 2025
공고 • Sep 22Sirca Paints India Limited Approves Final Dividend for the Financial Year Ended March 31, 2025Sirca Paints India Limited announced that at the AGM held on September 20, 2025, approved to declare a Final dividend of INR 1.5 (15%) per Equity Shares of Face value of INR 10 each for the financial year ended March 31, 2025.
Declared Dividend • Aug 27Dividend of ₹1.50 announcedDividend of ₹1.50 is the same as last year. Ex-date: 4th September 2025 Payment date: 20th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 25% over the next year, which should provide support to the dividend and adequate earnings cover.
공고 • Aug 25Sirca Paints India Limited, Annual General Meeting, Sep 20, 2025Sirca Paints India Limited, Annual General Meeting, Sep 20, 2025, at 12:30 Indian Standard Time.
Reported Earnings • Aug 03First quarter 2026 earnings released: EPS: ₹2.59 (vs ₹1.86 in 1Q 2025)First quarter 2026 results: EPS: ₹2.59 (up from ₹1.86 in 1Q 2025). Revenue: ₹1.14b (up 45% from 1Q 2025). Net income: ₹142.0m (up 39% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Retail Distributors industry in Asia.
공고 • Jul 30Sirca Paints India Limited to Report Q1, 2026 Results on Aug 02, 2025Sirca Paints India Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Aug 02, 2025
Reported Earnings • May 23Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: ₹8.95 (down from ₹9.38 in FY 2024). Revenue: ₹3.79b (up 22% from FY 2024). Net income: ₹490.6m (down 4.6% from FY 2024). Profit margin: 13% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Retail Distributors industry in Asia.
공고 • May 15Sirca Paints India Limited to Report Q4, 2025 Results on May 22, 2025Sirca Paints India Limited announced that they will report Q4, 2025 results on May 22, 2025
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹308, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Retail Distributors industry in Asia. Total loss to shareholders of 3.0% over the past year.
Price Target Changed • Feb 15Price target decreased by 11% to ₹375Down from ₹420, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ₹286. Stock is down 23% over the past year. The company is forecast to post earnings per share of ₹9.00 for next year compared to ₹9.38 last year.
Reported Earnings • Feb 12Third quarter 2025 earnings released: EPS: ₹2.09 (vs ₹1.92 in 3Q 2024)Third quarter 2025 results: EPS: ₹2.09 (up from ₹1.92 in 3Q 2024). Revenue: ₹887.1m (up 22% from 3Q 2024). Net income: ₹114.6m (up 9.0% from 3Q 2024). Profit margin: 13% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Retail Distributors industry in Asia.
공고 • Feb 07Sirca Paints India Limited to Report Q3, 2025 Results on Feb 11, 2025Sirca Paints India Limited announced that they will report Q3, 2025 results on Feb 11, 2025
공고 • Nov 09Sirca Paints India Limited to Report Q2, 2025 Results on Nov 14, 2024Sirca Paints India Limited announced that they will report Q2, 2025 results on Nov 14, 2024
Upcoming Dividend • Aug 16Upcoming dividend of ₹1.50 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.2%).
Reported Earnings • Aug 05Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₹9.38 (up from ₹8.41 in FY 2023). Revenue: ₹3.12b (up 16% from FY 2023). Net income: ₹514.3m (up 12% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 8.0%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Retail Distributors industry in Asia.
공고 • Aug 04Sirca Paints India Limited to Report Q1, 2025 Results on Aug 10, 2024Sirca Paints India Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 10, 2024
Declared Dividend • Aug 02Dividend of ₹1.50 announcedDividend of ₹1.50 is the same as last year. Ex-date: 22nd August 2024 Payment date: 28th September 2024 Dividend yield will be 0.4%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 58% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공고 • Aug 01Sirca Paints India Limited, Annual General Meeting, Aug 29, 2024Sirca Paints India Limited, Annual General Meeting, Aug 29, 2024, at 12:30 Indian Standard Time.
Price Target Changed • May 23Price target decreased by 8.3% to ₹440Down from ₹480, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₹333. Stock is up 10% over the past year. The company is forecast to post earnings per share of ₹12.30 for next year compared to ₹9.38 last year.
Reported Earnings • May 20Full year 2024 earnings released: EPS: ₹9.38 (vs ₹8.41 in FY 2023)Full year 2024 results: EPS: ₹9.38 (up from ₹8.41 in FY 2023). Revenue: ₹3.18b (up 19% from FY 2023). Net income: ₹514.3m (up 12% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Retail Distributors industry in Asia.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹346, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Retail Distributors industry in Asia. Total returns to shareholders of 7.7% over the past year.
Reported Earnings • Feb 06Third quarter 2024 earnings released: EPS: ₹1.92 (vs ₹1.92 in 3Q 2023)Third quarter 2024 results: EPS: ₹1.92 (in line with 3Q 2023). Revenue: ₹741.2m (up 14% from 3Q 2023). Net income: ₹105.1m (flat on 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Retail Distributors industry in Asia.
공고 • Jan 27Sirca Paints India Limited to Report Q3, 2024 Results on Feb 05, 2024Sirca Paints India Limited announced that they will report Q3, 2024 results on Feb 05, 2024
Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: ₹2.83 (vs ₹2.63 in 2Q 2023)Second quarter 2024 results: EPS: ₹2.83 (up from ₹2.63 in 2Q 2023). Revenue: ₹848.0m (up 16% from 2Q 2023). Net income: ₹155.1m (up 7.6% from 2Q 2023). Profit margin: 18% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Retail Distributors industry in Asia.
공고 • Nov 05Sirca Paints India Limited to Report Q2, 2024 Results on Nov 11, 2023Sirca Paints India Limited announced that they will report Q2, 2024 results at 12:08 PM, Indian Standard Time on Nov 11, 2023
공고 • Oct 11Sirca Paints India Limited Informs Mr. Suraj Singh Resigns as Company Secretary, Compliance Officer and Nodal OfficerSirca Paints India Limited informed that Mr. Suraj Singh has resigned from the post of Company Secretary, Compliance officer and Nodal Officer of the Company due to personal reasons.
공고 • Sep 22Sirca Paints India Limited Announces Resignation of Anil Kumar Mehrotra as Non-Executive and Independent DirectorSirca Paints India Limited announced that Mr. Anil Kumar Mehrotra vide his letter dated September 16, 2023, has tendered his resignation as Non-Executive and Independent Director of the Company with effect from the close of business hours on September 20, 2023, due to pre-occupation and other personal commitments. Therefore, the Board of Directors of the Company at their meeting held September 20, 2023 took on record the resignation of Mr. Anil Kumar Mehrotra. He is director of English Helper Education Technologies Private Limited.
공고 • Aug 27Sirca Paints India Limited Declares Final Dividend for the Financial Year Ended March 31, 2023Sirca Paints India Limited announced that at the AGM was held on August 25, 2023, the company declared a final dividend of INR 1.50 (15%) per Equity Shares of Face value of INR 10/- each for the financial year ended March 31, 2023.
공고 • Aug 06Sirca Paints India Limited to Report Q1, 2024 Results on Aug 14, 2023Sirca Paints India Limited announced that they will report Q1, 2024 results on Aug 14, 2023
Reported Earnings • Jul 30Full year 2023 earnings released: EPS: ₹8.41 (vs ₹5.06 in FY 2022)Full year 2023 results: EPS: ₹8.41 (up from ₹5.06 in FY 2022). Revenue: ₹2.68b (up 34% from FY 2022). Net income: ₹461.1m (up 66% from FY 2022). Profit margin: 17% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Retail Distributors industry in Asia.
공고 • Jul 27Sirca Paints India Limited Proposes Final Dividend for the Financial Year Ended March 31, 2023Sirca Paints India Limited proposed Final dividend of INR 1.50/- per equity share (15%) on par value of INR 10/- per share for the financial year ended March 31, 2023 to those members as on record date i.e. August 18, 2023 subject to the approval of members at the upcoming Annual General Meeting of the company to be held on August 25, 2023. The dividend will be paid within 30 days from the date of AGM.
공고 • Jul 25Sirca Paints India Limited, Annual General Meeting, Aug 25, 2023Sirca Paints India Limited, Annual General Meeting, Aug 25, 2023, at 12:30 Indian Standard Time.
New Risk • Jul 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 42% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
공고 • May 17Sirca Paints India Limited Recommends Final Dividend for the Financial Year 2022-23Sirca Paints India Limited at its board meeting, held on May 16, 2023, has recommended final dividend @ 15% i.e. INR 1.50/- (Rupees One and fifty paise only) per equity share of the face value of INR 10 each for the financial year 2022-23 subject to approval of Shareholders at the ensuing 18th Annual General Meeting (AGM).
Reported Earnings • Jan 26Third quarter 2023 earnings released: EPS: ₹3.84 (vs ₹3.34 in 3Q 2022)Third quarter 2023 results: EPS: ₹3.84 (up from ₹3.34 in 3Q 2022). Revenue: ₹661.8m (up 21% from 3Q 2022). Net income: ₹105.3m (up 15% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Retail Distributors industry in Asia.
공고 • Jan 18Sirca Paints India Limited to Report Nine Months, 2023 Results on Jan 25, 2023Sirca Paints India Limited announced that they will report nine months, 2023 results on Jan 25, 2023
Board Change • Dec 14Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Shyam Goyal was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.