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Sirca Paints India Limited (SIRCA) Fair Value & Analysis

Basic Materials · IN · Market cap ₹22.9B

SP Sirca Paints India Limited SIRCA · NSE
Price₹402.45
Fair Value₹194.62
Upside-51.6%
Quality53/100
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Evidence: High Range ₹129.70 – ₹399.08

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price −4.1% over the past month.

Price vs Fair Value (12 months)

₹534.60 ₹380.76 Fair Value ₹194.62 Jul 2025 Jul 2026

12‑month range ₹380.76 – ₹534.60 · fair‑value band ₹129.70 – ₹399.08 · the ₹402.45 price screens above the ₹194.62 fair value. As of Jul 3, 2026.

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Analysis

Sirca Paints India Limited (SIRCA) currently trades at ₹402.45, while our model-based Fair Value estimate is ₹194.62 — implying the stock looks roughly 51.6% overvalued today. We read business quality at 53/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Sirca Paints India Limited generated revenue of ₹4.9B at a net margin of 13.2%. Revenue grew 32.8% year over year. It earns a return on equity of 15.8%. The balance sheet holds a net cash position of ₹257M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹4.9B
Revenue growth (YoY) +32.8%
Net margin 13.2%
Return on equity 15.8%
Free cash flow ₹153M FY2026
P/E ratio 34.6
More key figures
Operating margin 17.0%
EPS (TTM) ₹11.64
Dividend yield 0.5%
EPS growth (YoY) +23.0%
Net cash ₹257M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Sirca Paints India Limited engages in the import and distribution of wood, glass, and metal coatings in India. The company provides wood coatings, PU products, stains, special effects, acrylic PU, polyster, wallpaints, U.V Products, N.C products, melamine, nitrocellulose, and polyurethane products, decorative, wood coatings products under Sirca, Unico, Webmley, Welcome, Oikos and Valentino brands. It also exports its products to Nepal, Bangladesh, and Sri Lanka. Sirca Paints India Limited was incorporated in 2006 and is based in New Delhi, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sirca Paints India Limited reported revenue of ₹4.9B in FY2026 versus ₹2.0B in FY2022, a compound +25.3%/yr. Reported net income was ₹650M in FY2026, compounding +23.8%/yr from FY2022.

Revenue +25.3%/yr
FY22 ₹2.0B
FY23 ₹2.7B
FY24 ₹3.1B
FY25 ₹3.7B
FY26 ₹4.9B
Net income +23.8%/yr
FY22 ₹277M
FY23 ₹461M
FY24 ₹514M
FY25 ₹491M
FY26 ₹650M

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Frequently asked questions

Is Sirca Paints India Limited (SIRCA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹194.62 versus a price of ₹402.45 — about −52% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SIRCA?
Our model-based fair value for Sirca Paints India Limited is ₹194.62 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹402.45.
What is the quality score of SIRCA?
Sirca Paints India Limited has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Sirca Paints India Limited (SIRCA)?
Sirca Paints India Limited reported trailing-twelve-month revenue of about ₹4.9B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of SIRCA?
The net profit margin of Sirca Paints India Limited is about 13.2%, meaning it keeps roughly 13.2% of revenue as net income. Based on the latest reported figures.
Does Sirca Paints India Limited pay a dividend?
Sirca Paints India Limited currently shows a dividend yield of about 0.50% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.