Retina Paints Peer Comparison

BSE: 543902

₹28.60

₹-2.11 (-6.87%)

As on 02-Nov-2026IST

Market cap

₹44 Cr

Revenue (TTM)

₹21 Cr

P/E Ratio

68.7

P/B Ratio

1.3

Div. Yield

0 %

Edit

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Market cap (₹ Cr)	44	14,527	11,968	4,155	2,272
Revenue (₹ Cr)	21	8,263	3,591	1,513	508
Net Profit (₹ Cr)	1.30	588.66	1,962.50	151.39	67.02
Net Margin (%)	6.21	7.00	52.95	9.90	13.05
RoE (%)	4.64	9.81	16.31	13.14	14.60
Price to Earnings	68.66	24.21	6.10	27.86	33.90
Price-To-Book	1.28	2.10	4.73	3.51	4.62

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Operating Revenue	20.62	7,822.97	4,069.30	1,340.67	373.68
Total Income	21.01	7,962.12	4,096.90	1,359.17	378.84
Total Expenditure	17.66	6,880.65	3,427.80	1,107.19	306.24
EBITDA	2.96	942.32	641.50	233.48	67.44
Depreciation	0.41	201.70	89.40	58.53	6.95
EBIT	2.55	740.62	552.10	174.96	60.49
Interest	1.09	31.25	9.80	3.50	0.17
Other Income	0.39	139.15	27.60	18.50	5.16
Exceptional Items	--	629.51	--	--	--
Profit before Tax	1.85	1,478.03	569.90	189.95	65.48
Provision for Tax	0.55	368.70	140.40	47.79	16.42
Profit after Tax	1.30	1,109.33	429.50	142.16	49.06

Liabilities (₹ Cr)

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Shareholder's Funds	34.15	6,423.15	1,330.20	1,030.58	349.57
Minority Interest	--	-18.70	--	--	--
Non-Current Liabilities	2.59	361.97	1,565.60	90.83	42.17
Current Liabilities	17.35	1,450.61	1,369.00	320.22	74.95
Total Liabilities	54.09	8,217.03	4,377.30	1,441.62	467.25

Assets (₹ Cr)

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Non-Current Assets	12.87	2,864.73	2,344.50	725.19	171.47
Current Assets	41.22	5,352.30	1,672.10	716.44	295.22
Total Assets	54.09	8,217.03	4,377.30	1,441.62	467.25
Total Debt*	9.85	117.82	0.00	6.41	50.00
Net Current Assets	23.87	3,901.69	303.10	396.22	220.27
Contingent Liabilities	0.10	52.37	50.60	23.47	--

Cashflow (₹ Cr)

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Cash From Operating Activities	-10.79	672.36	312.10	205.66	54.26
Cash Flow from Investing Activities	-1.52	-378.62	121.60	-177.53	-45.32
Cash from Financing Activities	12.27	-366.12	-459.50	-23.93	-8.40
Net Cash Inflow / Outflow	-0.03	-72.38	-25.80	4.19	0.54

Ratios

Profitability Ratios

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
ROCE (%)	8.06	24.65	43.62	19.92	18.54
ROE (%)	4.64	18.52	32.32	14.95	14.91
ROA (%)	2.95	14.20	9.48	10.48	11.75
EBIT Margin (%)	16.22	13.82	16.44	18.80	19.43
Net Margin (%)	6.21	13.93	10.48	10.46	12.95
Cash Profit Margin (%)	8.29	14.94	12.75	12.16	14.99

Growth Ratios

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Revenue Growth (%)	76.93	0.28	2.72	2.65	19.88
EBIT Growth (%)	59.55	-3.41	0.19	-0.12	-3.24
Net Profit Growth (%)	75.64	-5.66	0.68	-4.48	-4.62
EPS Growth (%)	59.62	-3.58	0.68	-3.80	-4.62
Book Value Growth (%)	54.52	15.16	0.02	13.95	13.24

Valuation Ratios

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Price / Earnings	51.76	16.45	38.13	31.73	27.00
Price / Book Value	1.98	2.93	12.32	4.44	3.79
Dividend Yield (%)	0.00	1.61	2.78	0.37	0.62
EV/EBITDA	23.02	17.23	24.03	17.73	18.19
Market Cap (₹ Cr)	67.50	18,803.29	16,378.93	4,497.69	1,324.73

Solvency Ratios

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Debt to Equity	0.29	0.02	0.00	0.01	0.14
Short term debt to equity ratio	0.19	0.01	--	0.00	--
Current Ratio	2.38	3.69	1.22	2.24	3.94
Quick Ratio	2.05	2.54	0.78	1.76	2.50
Interest Coverage	2.70	48.30	59.15	55.26	377.08

Operating Efficiency Ratios

	Retina Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Debtors to sales (%)	114.65	17.34	14.37	18.19	24.97
Asset Turnover	0.47	1.12	0.90	1.22	0.89
Receivable days	309.99	55.99	52.04	51.63	77.57
Inventory Days	111.34	69.74	54.54	35.84	99.32
Payable days	170.94	78.64	149.17	102.31	65.20
Cash Conversion Cycle	250.39	47.09	-42.59	-14.83	111.69

Annual
Quarterly