Sirca Paints India
Market Cap
₹9.1b
Last Updated
2020/02/24 13:10 UTC
Data Sources
Company Financials
Executive Summary
Sirca Paints India Limited markets, trades in, and distributes wood, metal, and glass coatings in India.
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Sirca Paints India's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SIRCA's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.3%
SIRCA
-1.0%
IN Retail Distributors
-1.4%
IN Market
1 Year Return
116.0%
SIRCA
-26.3%
IN Retail Distributors
6.4%
IN Market
Return vs Industry: SIRCA exceeded the Indian Retail Distributors industry which returned -25.2% over the past year.
Return vs Market: SIRCA exceeded the Indian Market which returned 9.5% over the past year.
Shareholder returns
| SIRCA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | -1.0% | -1.4% |
| 30 Day | 31.6% | 0.5% | -3.3% |
| 90 Day | 31.3% | -4.7% | 0.4% |
| 1 Year | 117.1%116.0% | -26.0%-26.3% | 8.4%6.4% |
| 3 Year | n/a | -11.4%-12.7% | 20.9%14.1% |
| 5 Year | n/a | -66.6%-66.8% | 30.7%18.5% |
Price Volatility Vs. Market
How volatile is Sirca Paints India's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Sirca Paints India Limited's (NSE:SIRCA) P/E Ratio4 weeks ago | Simply Wall St
Is Sirca Paints India Limited (NSE:SIRCA) A High Quality Stock To Own?1 month ago | Simply Wall St
Did Sirca Paints India's (NSE:SIRCA) Share Price Deserve to Gain 49%?Valuation
Is Sirca Paints India undervalued compared to its fair value and its price relative to the market?
28.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SIRCA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SIRCA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SIRCA is good value based on its PE Ratio (28.7x) compared to the Retail Distributors industry average (67.7x).
PE vs Market: SIRCA is poor value based on its PE Ratio (28.7x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SIRCA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SIRCA is overvalued based on its PB Ratio (4.9x) compared to the IN Retail Distributors industry average (0.7x).
Next Steps
Future Growth
How is Sirca Paints India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
8.8%
Forecasted Retail industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sirca Paints India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Check out Sirca Paints India's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Sirca Paints India competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Retail industry.
Past Performance
How has Sirca Paints India performed over the past 5 years?
26.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SIRCA has a high level of non-cash earnings.
Growing Profit Margin: SIRCA's current net profit margins (20.8%) are higher than last year (18.1%).
Past Earnings Growth Analysis
Earnings Trend: SIRCA's earnings have grown significantly by 26.3% per year over the past 5 years.
Accelerating Growth: SIRCA's earnings growth over the past year (51%) exceeds its 5-year average (26.3% per year).
Earnings vs Industry: SIRCA earnings growth over the past year (51%) exceeded the Retail Distributors industry -10.3%.
Return on Equity
High ROE: SIRCA's Return on Equity (16.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Sirca Paints India's financial position?
Financial Position Analysis
Short Term Liabilities: SIRCA's short term assets (₹1.6B) exceed its short term liabilities (₹312.7M).
Long Term Liabilities: SIRCA's short term assets (₹1.6B) exceed its long term liabilities (₹810.0K).
Debt to Equity History and Analysis
Debt Level: SIRCA's debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: SIRCA's debt to equity ratio has reduced from 102.3% to 0.01% over the past 5 years.
Debt Coverage: SIRCA's debt is well covered by operating cash flow (131272%).
Interest Coverage: SIRCA earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: SIRCA has a high level of physical assets or inventory.
Debt Coverage by Assets: SIRCA's debt is covered by short term assets (assets are 14437.3x debt).
Next Steps
Dividend
What is Sirca Paints India's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SIRCA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SIRCA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SIRCA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SIRCA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SIRCA's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average board tenure
CEO
Sanjay Agarwal 0
₹7,200,000
Compensation
Mr. Sanjay Agarwal Co-Founded Sirca Paints India Pvt Ltd. and serves as its Chairman cum Managing Director. Mr. Agarwal served as Chief Managing Director. Mr. Agarwal is Chartered accountant with Experienc ...
CEO Compensation Analysis
Compensation vs Market: Sanjay's total compensation ($USD100.23K) is above average for companies of similar size in the Indian market ($USD50.06K).
Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co Founder | 0yrs | ₹7.20m | 32.32% ₹2.9b | |
| Joint MD & Director | 14.1yrs | ₹3.00m | 2.09% ₹188.9m | |
| Co-Founder & Non Executive Director | 14.1yrs | ₹20.00k | 14.11% ₹1.3b | |
| Non Executive & Independent Director | 2.1yrs | ₹40.00k | no data | |
| Non Executive & Independent Director | 2.2yrs | ₹50.00k | no data | |
| Non Executive & Non Independent Director | 1.4yrs | ₹5.00k | no data | |
| Additional Non Executive Independent Director | 0.6yrs | no data | no data | |
| Additional Non Executive Independent Director | 0.6yrs | no data | no data |
2.1yrs
Average Tenure
32yo
Average Age
Experienced Board: SIRCA's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.3%.
Top Shareholders
Company Information
Sirca Paints India Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sirca Paints India Limited
- Ticker: SIRCA
- Exchange: NSEI
- Founded: 2006
- Industry: Distributors
- Sector: Retail
- Market Cap: ₹9.050b
- Shares outstanding: 27.40m
- Website: https://www.sircapaints.com
Location
- Sirca Paints India Limited
- Plot No 50, Badli Industrial Area
- Phase -2
- Delhi
- Delhi
- 110042
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SIRCA | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | May 2018 |
Biography
Sirca Paints India Limited markets, trades in, and distributes wood, metal, and glass coatings in India. Its wood coatings include wood stains, polyurethane polishes, wood fillers, and water based products for exterior and interior applications, as well as polyest, acrylic, and wood care products; metal coatings, clear finishes, and pigmented coatings; and glass coatings, leafing, and special effects. The company also exports its products to Nepal, Sri Lanka, and Bangladesh. Sirca Paints India Limited was incorporated in 2006 and is based in Delhi, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 13:10 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.