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SIRC

Sirca Paints India NSEI:SIRCA Stock Report

Last Price

₹439.15

Market Cap

₹12.0b

7D

4.0%

1Y

35.5%

Updated

26 Jun, 2022

Data

Company Financials +
SIRCA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends3/6

SIRCA Stock Overview

Sirca Paints India Limited engages in the import and distribution of wood, metal, and glass coatings in India.

Sirca Paints India Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Sirca Paints India
Historical stock prices
Current Share Price₹439.15
52 Week High₹625.00
52 Week Low₹283.00
Beta0.35
1 Month Change-2.03%
3 Month Change-4.34%
1 Year Change35.50%
3 Year Change122.54%
5 Year Changen/a
Change since IPO299.71%

Recent News & Updates

Jan 14
Sirca Paints India (NSE:SIRCA) Could Be Struggling To Allocate Capital

Sirca Paints India (NSE:SIRCA) Could Be Struggling To Allocate Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...

Shareholder Returns

SIRCAIN Retail DistributorsIN Market
7D4.0%0.4%2.3%
1Y35.5%21.2%-0.9%

Return vs Industry: SIRCA exceeded the Indian Retail Distributors industry which returned 21.2% over the past year.

Return vs Market: SIRCA exceeded the Indian Market which returned -0.9% over the past year.

Price Volatility

Is SIRCA's price volatile compared to industry and market?
SIRCA volatility
SIRCA Average Weekly Movement5.1%
Retail Distributors Industry Average Movement7.7%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: SIRCA is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SIRCA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006394Sanjay Agarwalhttps://www.sircapaints.com

Sirca Paints India Limited engages in the import and distribution of wood, metal, and glass coatings in India. The company provides wood coatings including wood stains, polyurethane polishes, polyester products, acrylic finishes, UV products, wood fillers, wood care products, handmade effects, special effects, and additives; bicomponent water-borne and solvent-borne pigmented topcoats; paints and coatings for metals used in corrosion protection and artistic applications; and nitrocellulose and melamine coatings and thinners. It also exports its products to Nepal, Bangladesh, and Sri Lanka.

Sirca Paints India Fundamentals Summary

How do Sirca Paints India's earnings and revenue compare to its market cap?
SIRCA fundamental statistics
Market Cap₹12.03b
Earnings (TTM)₹277.23m
Revenue (TTM)₹2.04b

43.4x

P/E Ratio

5.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIRCA income statement (TTM)
Revenue₹2.04b
Cost of Revenue₹1.17b
Gross Profit₹871.11m
Other Expenses₹593.87m
Earnings₹277.23m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)10.12
Gross Margin42.61%
Net Profit Margin13.56%
Debt/Equity Ratio0.0%

How did SIRCA perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SIRCA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIRCA?

Other financial metrics that can be useful for relative valuation.

SIRCA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.5x
Enterprise Value/EBITDA26.6x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does SIRCA's PE Ratio compare to its peers?

SIRCA PE Ratio vs Peers
The above table shows the PE ratio for SIRCA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average554.6x

Price-To-Earnings vs Peers: SIRCA is good value based on its Price-To-Earnings Ratio (43.4x) compared to the peer average (554.6x).


Price to Earnings Ratio vs Industry

How does SIRCA's PE Ratio compare vs other companies in the Indian Retail Distributors Industry?

Price-To-Earnings vs Industry: SIRCA is good value based on its Price-To-Earnings Ratio (43.4x) compared to the Indian Retail Distributors industry average (45.9x)


Price to Earnings Ratio vs Fair Ratio

What is SIRCA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIRCA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SIRCA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SIRCA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIRCA (₹439.15) is trading above our estimate of fair value (₹375.61)

Significantly Below Fair Value: SIRCA is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: SIRCA is poor value based on its PEG Ratio (1.1x)


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Future Growth

How is Sirca Paints India forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


38.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIRCA's forecast earnings growth (38.3% per year) is above the savings rate (6.7%).

Earnings vs Market: SIRCA's earnings (38.3% per year) are forecast to grow faster than the Indian market (17.4% per year).

High Growth Earnings: SIRCA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SIRCA's revenue (31.7% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: SIRCA's revenue (31.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIRCA's Return on Equity is forecast to be high in 3 years time (20.9%)


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Past Performance

How has Sirca Paints India performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIRCA has high quality earnings.

Growing Profit Margin: SIRCA's current net profit margins (13.6%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: SIRCA's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: SIRCA's earnings growth over the past year (67.2%) exceeds its 5-year average (6.9% per year).

Earnings vs Industry: SIRCA earnings growth over the past year (67.2%) exceeded the Retail Distributors industry 20.3%.


Return on Equity

High ROE: SIRCA's Return on Equity (12.3%) is considered low.


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Financial Health

How is Sirca Paints India's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SIRCA's short term assets (₹2.0B) exceed its short term liabilities (₹371.7M).

Long Term Liabilities: SIRCA's short term assets (₹2.0B) exceed its long term liabilities (₹540.0K).


Debt to Equity History and Analysis

Debt Level: SIRCA is debt free.

Reducing Debt: SIRCA has no debt compared to 5 years ago when its debt to equity ratio was 11.3%.

Debt Coverage: SIRCA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SIRCA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Sirca Paints India current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.46%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SIRCA's dividend (0.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: SIRCA's dividend (0.46%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SIRCA has been paying a dividend for less than 10 years.

Growing Dividend: SIRCA's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.8%), SIRCA's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (42.1%), SIRCA's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average board tenure


CEO

Sanjay Agarwal (61 yo)

no data

Tenure

₹8,755,000

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 has been working in the Paints & Coati...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD111.86K) is below average for companies of similar size in the Indian market ($USD197.28K).

Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: SIRCA's board of directors are considered experienced (4.1 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sirca Paints India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sirca Paints India Limited
  • Ticker: SIRCA
  • Exchange: NSEI
  • Founded: 2006
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: ₹12.035b
  • Shares outstanding: 27.40m
  • Website: https://www.sircapaints.com

Number of Employees


Location

  • Sirca Paints India Limited
  • Plot No 50, Badli Industrial Area
  • Phase -2
  • Delhi
  • Delhi
  • 110042
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.