S

Sirca Paints India Limited

SIRCANSE
Market snapshot · 2026-08-12 16:35 UTC

435.90

₹-6.45 (-1.46%)

MARKET CAP

₹2.48K Cr

STOCK P/E

36.6x

52W HIGH

₹539.00

52W LOW

₹385.00

BOOK VALUE

₹83.66

EPS

₹11.90

ROE

SECTOR

Materials

DEBT/EQUITY

6.80

VOLUME

3.25L

P/B RATIO

5.21x

PEG RATIO

3.66

Sector

Materials

Themes

PaintsMukul Agrawal Portfolio
D
Dividend
₹519.04₹486.55₹454.06₹421.57₹389.08VolumeDDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for SIRCA.

2.00 analysts

Price Forecast

Current
₹435.90
High Target
₹560.00
▲ +28.5%
Median Target
₹533.00
▲ +22.3%
Low Target
₹506.00
▲ +16.1%
Now₹435.90High ₹560.00Median ₹533.00Low ₹506.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
2 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹369.04 - ₹532.8480%
6M₹347.93 - ₹584.9180%
12M₹323.34 - ₹674.0880%
Realized vol: +28.7% · Drift: +11.0%

Revenue Forecast

₹ Cr
Dec '25Current₹113.0
Sep 2026 ETrend estimate range
High₹186.8Base₹172.9Low₹159.1
Mar '25: ₹101.0 · Jun '25: ₹114.0 · Sep '25: ₹131.0 · Dec '25: ₹113.0 · Sep '26: ₹172.9 · Dec '26: ₹149.2
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E101.0114.0131.0113.0172.9149.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹2.69
Sep 2026 ETrend estimate range
High₹4.86Base₹4.34Low₹3.82
Mar '25: ₹2.58 · Jun '25: ₹2.59 · Sep '25: ₹3.24 · Dec '25: ₹2.69 · Sep '26: ₹4.34 · Dec '26: ₹3.60
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E2.582.593.242.694.343.60
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
71%
Analyst Consensus
Positive

From 2 analysts

Mean upside+22.3%

Fundamentals

Strong

Fundamentals institutional score is 94 using growth durability 93.7.

Valuation

Fairly valued

Valuation institutional score is 63 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 90 using mean target upside 22.3%; dispersion penalty 4.1; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 46 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 3 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while technical structure and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price533 target
Mean Upside+22.3%
Technical Score46%
Fundamental Score94%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 15.4% above historical median. Valuation is rising — currently in the overvalued zone (z-score: +0.83). Confidence: 82%.

Live forward EPS implies next-12-month EPS of ₹17.45. Applying the stock's normalized valuation corridor produces a fair range of ₹475.86 to ₹619.48, with base value near ₹554.04 (+27.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹17.45

Forward P/E

25.0x

Base Fair Value

₹554.04

Fair Range

₹475.86 - ₹619.48

Upside To Base

+27.1%

Estimate Source

Live forward EPS

Growth Estimate

+10.0%

P/E
Overvalued

5Y Average

28.34

Current

36.63

Overvalued

35.50

Undervalued

27.27

EV/EBITDA
Strongly Overvalued

5Y Average

19.33

Current

24.99

Overvalued

22.91

Undervalued

16.37

P/B
Strongly Undervalued

5Y Average

5.88

Current

5.21

Overvalued

6.76

Undervalued

5.00

Peers & Comparison

Sector: Materials · Theme: Paints

Paints Peers2 peers
Avg P/E: 39.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
INDIGO PAINTS LIMITED
INDIGOPNTSPaints
+9.7%10.3%
36.9x
Fair
-6% vs avg
+2.4%
KINGFA SCI & TEC IND LTD.
KINGFACommodity Chemicals
+23.2%9.3%
41.4x
Fair
+6% vs avg
+58.3%
WHY THESE PEERS

SIRCA PAINT INDIA LIMITED trades in line with peers (36.6x vs avg 39.1x), reflecting a fair valuation within the Paints cohort. Peers include INDIGO PAINTS LIMITED, KINGFA SCI & TEC IND LTD. — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹113 CrDec 2025

Latest net profit

₹15 CrDec 2025

Latest EPS

₹2.69Dec 2025

Net margin

18.0%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%5.0%10.0%15.0%20.0%0.00 Cr35 Cr70 Cr105 Cr140 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr35 Cr70 Cr105 Cr140 Cr₹0₹1₹2₹3₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr30 Cr60 Cr90 Cr120 Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-90 Cr-45 Cr0.00 Cr45 Cr90 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales68.2772.9983.672.4982.6378.6410588.65101114131113
Expenses55.1555.6162.3258.7366.3864.5686.5173.281.9491.6710489.78
Operating Profit11.8716.1219.6912.214.712.5217.1313.6517.2120.0924.7820.29
OPM %17.39%22.09%23.55%16.83%17.79%15.92%16.24%15.4%17.05%17.59%18.89%17.99%
Other Income1.121.441.21.632.091.420.841.910.211.041.39
Interest0.010.010.010.010.161.11.361.26
Depreciation1.251.261.591.561.551.561.821.81.772.482.622.72
Profit before tax12.9917.5620.8913.8216.7913.9317.9615.5418.0519.224.4620.42
Tax %26.94%26.54%25.75%23.95%25.49%26.7%26.06%26.25%21.55%25.99%26%26.4%
Net Profit9.4912.915.5110.5112.5110.2113.2811.4614.1614.2118.115.03
EPS in Rs1.732.352.831.922.281.862.422.092.582.593.242.69

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters67.55%67.55%65.19%65.19%65.19%
FII0.45%1.35%2.31%2.76%2.13%
DII3.83%3.83%4.48%4.48%4.16%
Public23.78%21.68%21.80%21.26%20.97%
Others4.39%5.59%6.22%6.31%7.55%
Mar 2026
Promoters
FII
DII
Public
Others