Stock Analysis

Sirca Paints India Full Year 2024 Earnings: Misses Expectations

Simply Wall St

May 23, 2024

Sirca Paints India (NSE:SIRCA) Full Year 2024 Results

Key Financial Results

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).
EPS: ₹9.38 (up from ₹8.41 in FY 2023).

earnings-and-revenue-growth — NSEI:SIRCA Earnings and Revenue Growth May 23rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sirca Paints India Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 8.0%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Retail Distributors industry in Asia.

Performance of the market in India.

The company's shares are up 6.6% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Sirca Paints India that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.