Sirca Paints India Dividends and Buybacks
Dividend criteria checks 3/6
Sirca Paints India is a dividend paying company with a current yield of 0.48% that is well covered by earnings.
Key information
0.5%
Dividend yield
-2.9%
Buyback Yield
| Total Shareholder Yield | -2.5% |
| Future Dividend Yield | 0.4% |
| Dividend Growth | 28.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 17% |
Recent dividend and buyback updates
Analysis Article • Aug 28
Sirca Paints India (NSE:SIRCA) Has Announced A Dividend Of ₹1.50
The board of Sirca Paints India Limited ( NSE:SIRCA ) has announced that it will pay a dividend of ₹1.50 per share on...Analysis Article • Aug 22
Sirca Paints India (NSE:SIRCA) Is Paying Out A Dividend Of ₹1.50
Sirca Paints India Limited ( NSE:SIRCA ) has announced that it will pay a dividend of ₹1.50 per share on the 28th of...Analysis Article • Aug 03
Sirca Paints India (NSE:SIRCA) Will Pay A Dividend Of ₹1.50
The board of Sirca Paints India Limited ( NSE:SIRCA ) has announced that it will pay a dividend of ₹1.50 per share on...Recent updates
Narrative Update • Jun 08
SIRCA: Upcoming Results Meeting And Final Dividend Will Support Future Upside
Analysts have maintained the fair value estimate for Sirca Paints India at ₹565.5, citing unchanged assumptions for the discount rate, revenue growth, profit margins, and future P/E multiples. These factors together leave their price target and core thesis unchanged for now.Narrative Update • May 24
SIRCA: Upcoming Board Meeting And Final Dividend Will Support Future Upside
Analysts have trimmed their price target on Sirca Paints India from ₹625 to ₹565.5, reflecting updated assumptions for slightly softer revenue growth, a marginally different profit margin profile, and a lower future P/E multiple. What's in the News A board meeting is scheduled for May 7, 2026 to consider and approve the audited standalone financial results for the quarter and year ended March 31, 2026.Narrative Update • May 09
SIRCA: Steady Assumptions And Upcoming Board Meeting Support Confident Future Upside
Analysts have kept the fair value estimate for Sirca Paints India steady at ₹625, with the unchanged target supported by consistent assumptions for revenue growth, profit margin and future P/E, along with a slightly lower discount rate in their models. What's in the News A board meeting is scheduled on May 7, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026 (company filing).Narrative Update • Apr 24
SIRCA: Steady Assumptions And P E Support Confident Future Upside
Analysts have kept the price target for Sirca Paints India steady at ₹625, reflecting broadly unchanged assumptions on growth, profitability, discount rate, and future P/E in their latest review. Valuation Changes Fair Value: ₹625.0 remains unchanged, indicating no revision to the core valuation outcome.Narrative Update • Apr 09
SIRCA: Upcoming Results Review Will Support Confidence In Future Upside
Analysts have kept the fair value estimate for Sirca Paints India steady at ₹625, citing unchanged assumptions around revenue growth, profit margin and forward P/E that together support the existing price target. What's in the News A board meeting is scheduled on January 31, 2026 to consider and approve the unaudited standalone financial results for the quarter ended December 31, 2025 (Key Developments) A board meeting on the same date will also review the unaudited consolidated financial results for the quarter ended December 31, 2025 (Key Developments) The agenda for the January 31, 2026 board meeting includes other business items in addition to the quarterly financial results (Key Developments) Valuation Changes Fair Value Estimate held steady at ₹625 per share, with no change to the target level.Narrative Update • Mar 25
SIRCA: Upcoming Board Meeting And Steady Assumptions Will Support Future Upside
Analysts have kept their fair value estimate for Sirca Paints India steady at ₹625, citing largely unchanged assumptions on the discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their price target view. What's in the News Sirca Paints India has scheduled a board meeting on January 31, 2026.Narrative Update • Mar 11
SIRCA: Stable Assumptions And Upcoming Results Will Support Future Upside
Analysts have kept their price target for Sirca Paints India steady at ₹625, citing largely unchanged assumptions around discount rate, revenue growth, profit margin and future P/E multiple. What's in the News Board meeting scheduled on January 31, 2026, to consider and approve unaudited standalone financial results for the quarter ended December 31, 2025.Narrative Update • Feb 25
SIRCA: Stable Fair Value And Earnings Outlook Will Support Future Upside
Analysts have kept their fair value estimate for Sirca Paints India steady at ₹625, with only small tweaks to assumptions such as the discount rate and future P/E. They view these changes as better reflecting the current risk profile and earnings outlook.Narrative Update • Feb 10
SIRCA: Long Term Revenue Guidance Will Support Earnings Momentum Ahead
Analysts have maintained the fair value estimate for Sirca Paints India at ₹625.0, with small adjustments to the discount rate, revenue growth outlook, profit margin assumptions and future P/E expectations contributing to this unchanged target. What's in the News The board has scheduled a meeting for January 31, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, along with other business (Key Developments).Narrative Update • Jan 26
SIRCA: Long Term Revenue Guidance Will Support Earnings Momentum Ahead
Analysts have kept their fair value estimate for Sirca Paints India steady at ₹625.0 per share, with only small parameter tweaks around discount rate, revenue growth, profit margin and future P/E assumptions underlying the unchanged price target. What's in the News Board meeting scheduled on January 31, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, along with other business (company filing).Narrative Update • Jan 12
SIRCA: Long Term Revenue Guidance Will Support Earnings Momentum Ahead
Analysts have kept their fair value estimate for Sirca Paints India steady at ₹625, reflecting only minor tweaks to assumptions such as discount rate, revenue growth, profit margin and future P/E that did not materially change their overall valuation view. What's in the News Sirca Paints India has issued earnings guidance for 2030, indicating it is targeting revenue of INR 10,000 million by that year (company guidance).Narrative Update • Dec 20
SIRCA: Long Term Revenue Guidance Will Support Earnings Momentum Ahead
Analysts have modestly reiterated their price target for Sirca Paints India at ₹625.00, as marginal tweaks to discount rate and valuation multiples suggest the stock’s fair value remains broadly unchanged despite ongoing expectations for earnings growth. What's in the News The company issued long-term revenue guidance targeting INR 10,000 million by 2030, signaling confidence in sustained growth momentum (company guidance).Narrative Update • Dec 06
SIRCA: Sustained High Revenue And Margin Stability Will Drive Future Upside
Analysts have modestly raised their price target for Sirca Paints India to ₹625.0 from ₹625.0, reflecting confidence in the company’s sustained high revenue growth and stable profit margins, albeit with a slightly higher discount rate and valuation multiple. What's in the News Company issues long term guidance targeting INR 10,000 million in revenue by 2030, which underscores confidence in sustained growth momentum (company guidance) Board meeting scheduled for November 10, 2025 to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with other business items (company filing) Board meeting held on September 11, 2025 to approve reconstitution of Board committees with effect from the same date, indicating governance and oversight changes (company filing) Valuation Changes Fair Value: Maintained at ₹625.0 per share, indicating no change in the core valuation estimate.Narrative Update • Nov 22
SIRCA: Improved Profit Margins And Stable Board Structure Will Drive Future Upside
Analysts have maintained their fair value target for Sirca Paints India at ₹625, citing only minor updates to discount rate, revenue growth, profit margin, and future price-to-earnings forecasts. These small changes collectively resulted in no change to the overall price target.Narrative Update • Nov 07
SIRCA: Consistent Financials And Stable Outlook Are Set To Support Upside
Analysts have maintained their fair value estimate for Sirca Paints India at ₹625 per share. They cite negligible changes in underlying forecast assumptions and discount rates as the reason for this decision.Narrative Update • Oct 24
Expanding Exports To Nepal And Russia Will Increase Future Market Reach
Narrative Update: Sirca Paints India Analyst Price Target Revision Analysts have maintained their price target for Sirca Paints India at ₹625, citing stable projections for revenue growth and profit margins. This comes despite minor adjustments in the discount rate and future valuation metrics.Narrative Update • Oct 10
Expanding Exports To Nepal And Russia Will Increase Future Market Reach
Analysts have raised their price target for Sirca Paints India from ₹500 to ₹625, citing improved revenue growth forecasts and a slight reduction in discount rates, despite minor compression in profit margins. What's in the News A board meeting is scheduled for September 11, 2025 to consider and approve the re-constitution of the committees of the Board of Directors (Board Meeting Agenda).Narrative Update • Sep 26
Expanding Exports To Nepal And Russia Will Increase Future Market Reach
Analysts have notably raised their outlook for Sirca Paints India, as stronger expected revenue growth and a higher forward P/E multiple have driven the consensus price target up from ₹387.91 to ₹500.00. What's in the News Board approved raising funds through the issuance of securities via public/private offerings, including preferential allotment and qualified institutional placements.Analysis Article • Sep 14
It Looks Like Shareholders Would Probably Approve Sirca Paints India Limited's (NSE:SIRCA) CEO Compensation Package
Key Insights Sirca Paints India's Annual General Meeting to take place on 20th of September CEO Sanjay Agarwal's total...Analysis Article • Aug 28
Sirca Paints India (NSE:SIRCA) Has Announced A Dividend Of ₹1.50
The board of Sirca Paints India Limited ( NSE:SIRCA ) has announced that it will pay a dividend of ₹1.50 per share on...Analysis Article • Jul 10
Sirca Paints India (NSE:SIRCA) Has Some Way To Go To Become A Multi-Bagger
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...Analysis Article • May 30
Weak Statutory Earnings May Not Tell The Whole Story For Sirca Paints India (NSE:SIRCA)
The market rallied behind Sirca Paints India Limited's ( NSE:SIRCA ) stock, leading do a rise in the share price after...Analysis Article • Mar 28
Returns On Capital At Sirca Paints India (NSE:SIRCA) Have Stalled
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
New Narrative • Mar 10
Expanding Exports To Nepal And Russia Will Increase Future Market Reach
Strategic price increases and diversification into high-margin products aim to boost revenue and improve EBITDA margins amid market pressures.Analysis Article • Aug 23
This Is The Reason Why We Think Sirca Paints India Limited's (NSE:SIRCA) CEO Might Be Underpaid
Key Insights Sirca Paints India will host its Annual General Meeting on 29th of August Salary of ₹12.0m is part of CEO...Analysis Article • Aug 22
Sirca Paints India (NSE:SIRCA) Is Paying Out A Dividend Of ₹1.50
Sirca Paints India Limited ( NSE:SIRCA ) has announced that it will pay a dividend of ₹1.50 per share on the 28th of...Analysis Article • Aug 03
Sirca Paints India (NSE:SIRCA) Will Pay A Dividend Of ₹1.50
The board of Sirca Paints India Limited ( NSE:SIRCA ) has announced that it will pay a dividend of ₹1.50 per share on...Analysis Article • Jul 17
Here's Why Sirca Paints India (NSE:SIRCA) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Apr 03
Here's Why Sirca Paints India (NSE:SIRCA) Has Caught The Eye Of Investors
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Mar 14
Calculating The Intrinsic Value Of Sirca Paints India Limited (NSE:SIRCA)
Key Insights The projected fair value for Sirca Paints India is ₹298 based on 2 Stage Free Cash Flow to Equity With...Analysis Article • Aug 03
Should You Be Adding Sirca Paints India (NSE:SIRCA) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jan 14
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...Analysis Article • Jun 02
Investors Could Be Concerned With Sirca Paints India's (NSE:SIRCA) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Analysis Article • Mar 07
These 4 Measures Indicate That Sirca Paints India (NSE:SIRCA) Is Using Debt Extensively
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Feb 19
Can Mixed Fundamentals Have A Negative Impact on Sirca Paints India Limited (NSE:SIRCA) Current Share Price Momentum?
Most readers would already be aware that Sirca Paints India's (NSE:SIRCA) stock increased significantly by 34% over the...Analysis Article • Feb 01
Should You Be Impressed By Sirca Paints India's (NSE:SIRCA) Returns on Capital?
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Stability and Growth of Payments
Fetching dividends data
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 7 years.
Dividend Yield vs Market
| Sirca Paints India Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SIRCA) | 0.5% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.5% |
| Industry Average (Retail Distributors) | 1.6% |
| Analyst forecast (SIRCA) (up to 3 years) | 0.4% |
Notable Dividend: SIRCA's dividend (0.48%) is higher than the bottom 25% of dividend payers in the Indian market (0.3%).
High Dividend: SIRCA's dividend (0.48%) is low compared to the top 25% of dividend payers in the Indian market (1.5%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (17.2%), SIRCA's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (68.4%), SIRCA's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 10:04 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sirca Paints India Limited is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Asian Markets Securities Private Limited |
| Prashanth Kumar Kota | Choice Equity Broking Private Limited |
| Fenil Brahmbhatt | Choice Equity Broking Private Limited |