SIRCA Paints India Peer Comparison

NSE: SIRCA | BSE: 543686

₹406.30

₹-4.30 (-1.05%)

As on 06-Nov-2026IST

Market cap

₹2,310 Cr

Revenue (TTM)

₹508 Cr

P/E Ratio

34.5

P/B Ratio

4.7

Div. Yield

0.5 %

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	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Market cap (₹ Cr)	2,310	15,858	12,378	4,361	664
Revenue (₹ Cr)	508	8,627	3,718	1,513	541
Net Profit (₹ Cr)	67.02	599.34	351.10	151.39	-87.85
Net Margin (%)	13.05	6.82	9.17	9.90	-16.15
RoE (%)	14.60	9.68	15.58	13.14	-36.93
Price to Earnings	34.46	25.93	35.25	29.25	--
Price-To-Book	4.70	2.30	5.33	3.69	7.30

Income Statement (₹ Cr)

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Operating Revenue	508.25	8,626.67	3,717.90	1,427.29	540.65
Total Income	513.51	8,781.61	3,827.70	1,442.89	543.96
Total Expenditure	407.94	7,618.02	3,228.50	1,177.71	584.30
EBITDA	100.32	1,008.65	489.40	249.58	-43.65
Depreciation	10.96	246.87	79.20	56.78	20.45
EBIT	89.36	761.78	410.20	192.81	-64.10
Interest	4.60	32.98	14.20	2.43	22.90
Other Income	5.26	154.94	109.80	15.60	3.31
Exceptional Items	0.00	-63.15	-28.30	-5.85	-4.60
Profit before Tax	90.02	820.59	477.50	200.12	-88.29
Provision for Tax	23.00	221.25	126.40	50.45	-0.44
Profit after Tax	67.02	599.34	351.10	149.67	-87.85

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Shareholder's Funds	475.12	6,888.08	2,323.40	1,217.24	199.73
Minority Interest	0.00	12.23	0.00	0.00	0.00
Non-Current Liabilities	39.45	352.01	226.70	49.29	26.46
Current Liabilities	74.37	1,994.55	1,320.80	330.26	403.85
Total Liabilities	610.41	8,711.11	5,600.50	--	642.62

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Non-Current Assets	180.16	2,328.71	1,566.50	750.78	195.11
Current Assets	387.39	6,260.80	1,897.50	769.82	292.37
Total Assets	610.41	8,711.11	5,600.50	--	642.62
Total Debt*	32.32	82.68	0.00	--	157.03
Net Current Assets	313.02	4,266.25	576.70	439.56	-111.48
Contingent Liabilities	--	44.79	53.70	--	39.17

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Cash From Operating Activities	44.41	894.37	93.20	--	23.35
Cash Flow from Investing Activities	-69.75	-382.65	803.70	--	-0.52
Cash from Financing Activities	38.83	-403.30	-875.40	--	-24.71
Net Cash Inflow / Outflow	13.50	108.42	21.50	--	-1.88

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
ROCE (%)	20.28	12.44	125.82	--	-12.18
ROE (%)	14.60	9.68	15.58	12.83	-36.93
ROA (%)	12.89	6.83	9.34	9.92	-13.33
EBIT Margin (%)	17.58	8.83	11.03	13.51	-11.86
Net Margin (%)	13.05	6.82	9.17	10.37	-16.15
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Revenue Growth (%)	24.19	9.83	-4.32	10.81	-12.11
EBIT Growth (%)	30.96	7.75	-16.18	7.63	-16.61
Net Profit Growth (%)	26.33	-46.18	-82.36	3.04	-34.27
EPS Growth (%)	21.92	3.29	-21.42	5.93	-27.24
Book Value Growth (%)	35.92	4.53	84.38	--	-30.80

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Price / Earnings	34.46	24.09	4.02	28.29	-7.98
Price / Book Value	4.70	2.30	5.33	3.58	7.30
Dividend Yield (%)	0.49	1.28	7.58	0.55	0.00
EV/EBITDA	22.27	13.24	24.63	16.15	-17.74
Market Cap (₹ Cr)	2,280.50	13,509.49	12,925.09	--	302.15

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Debt to Equity	0.05	0.00	0.00	0.00	0.08
Short term debt to equity ratio	--	0.01	--	--	0.62
Current Ratio	5.21	3.14	1.44	2.33	0.72
Quick Ratio	3.72	2.18	0.82	1.70	0.44
Interest Coverage	20.57	25.88	34.63	83.29	-2.86

	SIRCA Paints India	Kansai Nerolac	JSW Dulux	Indigo Paints	Shalimar Paints
Debtors to sales (%)	30.55	22.14	18.01	16.73	22.55
Asset Turnover	0.98	0.98	0.99	0.95	0.82
Receivable days	92.10	57.19	60.23	--	79.33
Inventory Days	81.02	64.70	59.62	--	65.67
Payable days	63.38	79.48	144.42	--	173.97
Cash Conversion Cycle	109.74	42.40	-24.57	--	-28.96

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.