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Sirca Paints India share price today

Sirca Paints India Ltd · NSE: SIRCA · Building Materials - Paints · price as of the 6 November 2026 close, updated every trading day · results updated weekly · research updated 15 May 2026

Sirca Paints India share price today: ₹406.30 at the NSE close on 6 November 2026, down 20.4% in a year. Sirca Paints India (NSE: SIRCA) is worth ₹2,310 crore, trades at a P/E of 34.5 and has closed between ₹391.00 and ₹521.60 over the past 52 weeks. Latest change: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare).

Turning aroundBusiness trend from the last 12 quarters
₹406.30Price −20.4% in a year
34.5×P/E lower than 86% of the last 6 years
₹130 CrRevenue (Jun 2026) +14.0% on a year ago
₹16.0 CrProfit (Jun 2026) +14.3% on a year ago
19.0%Operating margin −1.0 points on a year ago
20%ROCE FY26
16.8%ROIC against a 12.0% cost of capital: +4.8 points

Sirca Paints India Ltd's earnings have grown faster than its share price. Earnings per share grew +27.9% in a year while the price moved −20.4%.

The main question: yearly earnings per share moved +27.9% while the share price moved −20.4%.

The price has been falling for 2 weeks, and the P/E is lower than 86% of its own last 6 years. Over the last four quarters, results have been improving, with profit +14.3% on a year earlier, and 85% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.

What is the Sirca Paints India share price today?

Sirca Paints India Ltd's share price was ₹406.30 at the close on 6 November 2026. It has been falling for 2 weeks. That is 4.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹391 and ₹522, and at that close it sat 12% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sirca Paints India Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running.

1Y

Nov 2026: ₹406, 4.4% below its 200-day average. The price has been falling for 2 weeks.

  • Price ₹406
  • 50-day avg ₹418
  • 200-day avg ₹425
Nov 2026: ₹406, 4.4% below its 200-day average. The price has been falling for 2 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹519₹481₹404
7 Nov 2025₹510₹486₹408
14 Nov 2025₹520₹491₹413
21 Nov 2025₹522₹498₹419
28 Nov 2025₹520₹502₹424
5 Dec 2025₹501₹502₹428
12 Dec 2025₹474₹496₹430
19 Dec 2025₹481₹493₹432
26 Dec 2025₹486₹493₹435
2 Jan 2026₹504₹492₹437
9 Jan 2026₹470₹491₹440
16 Jan 2026₹491₹490₹441
23 Jan 2026₹460₹487₹443
1 Feb 2026₹457₹483₹444
6 Feb 2026₹466₹481₹445
13 Feb 2026₹473₹480₹447
20 Feb 2026₹459₹477₹448
27 Feb 2026₹457₹474₹448
6 Mar 2026₹451₹470₹448
13 Mar 2026₹410₹462₹447
20 Mar 2026₹429₹455₹446
27 Mar 2026₹420₹450₹445
2 Apr 2026₹422₹446₹444
10 Apr 2026₹437₹441₹443
17 Apr 2026₹457₹441₹443
24 Apr 2026₹437₹441₹443
30 Apr 2026₹424₹439₹442
8 May 2026₹423₹437₹441
15 May 2026₹436₹436₹441
22 May 2026₹419₹433₹440
29 May 2026₹418₹431₹439
4 Jun 2026₹419₹429₹438
5 Jun 2026₹419₹429₹438
10 Jun 2026₹415₹428₹437
12 Jun 2026₹418₹427₹437
17 Jun 2026₹414₹426₹436
19 Jun 2026₹412₹424₹436
24 Jun 2026₹410₹423₹435
25 Jun 2026₹407₹422₹435
1 Jul 2026₹402₹420₹434
3 Jul 2026₹402₹419₹433
10 Jul 2026₹394₹415₹432
17 Jul 2026₹391₹411₹430
24 Jul 2026₹393₹408₹428
31 Jul 2026₹420₹408₹427
7 Aug 2026₹450₹414₹428
14 Aug 2026₹427₹418₹428
21 Aug 2026₹451₹423₹429
28 Aug 2026₹436₹426₹429
4 Sep 2026₹439₹427₹430
11 Sep 2026₹427₹428₹430
18 Sep 2026₹406₹425₹429
25 Sep 2026₹410₹422₹428
1 Oct 2026₹402₹420₹427
9 Oct 2026₹403₹417₹426
16 Oct 2026₹427₹418₹426
23 Oct 2026₹410₹419₹426
30 Oct 2026₹405₹418₹425
6 Nov 2026₹406₹418₹425
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹406, 4.4% below its 200-day average. The price has been falling for 2 weeks.

  • Price ₹406
  • 50-day avg ₹418
  • 200-day avg ₹425
Nov 2026: ₹406, 4.4% below its 200-day average. The price has been falling for 2 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023₹369₹379₹352
12 Nov 2023₹384₹378₹354
17 Nov 2023₹381₹379₹355
24 Nov 2023₹370₹378₹356
1 Dec 2023₹383₹377₹356
8 Dec 2023₹392₹379₹358
15 Dec 2023₹390₹382₹360
22 Dec 2023₹399₹385₹362
29 Dec 2023₹410₹389₹364
5 Jan 2024₹428₹394₹366
12 Jan 2024₹425₹399₹369
20 Jan 2024₹406₹401₹371
25 Jan 2024₹387₹400₹372
2 Feb 2024₹378₹396₹372
9 Feb 2024₹377₹392₹372
16 Feb 2024₹369₹387₹372
23 Feb 2024₹365₹384₹372
2 Mar 2024₹349₹377₹371
7 Mar 2024₹335₹371₹369
15 Mar 2024₹303₹360₹366
22 Mar 2024₹299₹349₹363
28 Mar 2024₹285₹343₹361
5 Apr 2024₹352₹342₹360
12 Apr 2024₹337₹342₹359
19 Apr 2024₹320₹339₹358
26 Apr 2024₹319₹336₹356
3 May 2024₹316₹333₹354
10 May 2024₹317₹329₹352
18 May 2024₹319₹326₹350
24 May 2024₹327₹326₹349
31 May 2024₹313₹325₹348
7 Jun 2024₹323₹323₹346
14 Jun 2024₹329₹324₹345
21 Jun 2024₹324₹324₹344
28 Jun 2024₹321₹324₹343
5 Jul 2024₹345₹326₹343
12 Jul 2024₹339₹329₹343
19 Jul 2024₹358₹334₹344
26 Jul 2024₹352₹338₹344
2 Aug 2024₹361₹342₹345
9 Aug 2024₹343₹343₹345
16 Aug 2024₹325₹340₹344
23 Aug 2024₹337₹339₹344
30 Aug 2024₹322₹338₹343
6 Sep 2024₹334₹336₹343
13 Sep 2024₹351₹337₹343
20 Sep 2024₹348₹339₹343
27 Sep 2024₹343₹341₹343
4 Oct 2024₹334₹340₹343
11 Oct 2024₹332₹338₹342
18 Oct 2024₹327₹337₹342
25 Oct 2024₹302₹332₹340
1 Nov 2024₹341₹332₹340
8 Nov 2024₹363₹338₹341
14 Nov 2024₹340₹339₹341
22 Nov 2024₹315₹337₹340
29 Nov 2024₹338₹336₹340
6 Dec 2024₹340₹337₹340
13 Dec 2024₹346₹337₹340
20 Dec 2024₹325₹336₹340
27 Dec 2024₹339₹336₹339
3 Jan 2025₹332₹336₹339
10 Jan 2025₹305₹332₹338
17 Jan 2025₹322₹329₹337
24 Jan 2025₹310₹326₹336
1 Feb 2025₹316₹322₹334
7 Feb 2025₹304₹319₹333
14 Feb 2025₹286₹314₹331
21 Feb 2025₹279₹307₹328
28 Feb 2025₹270₹302₹326
7 Mar 2025₹264₹295₹323
13 Mar 2025₹254₹289₹320
21 Mar 2025₹270₹282₹317
28 Mar 2025₹242₹277₹313
4 Apr 2025₹259₹273₹311
11 Apr 2025₹260₹270₹309
17 Apr 2025₹291₹272₹308
25 Apr 2025₹283₹276₹308
2 May 2025₹285₹278₹307
9 May 2025₹260₹276₹305
16 May 2025₹273₹274₹303
23 May 2025₹315₹279₹303
30 May 2025₹349₹290₹305
6 Jun 2025₹367₹303₹307
13 Jun 2025₹383₹317₹311
20 Jun 2025₹378₹329₹314
27 Jun 2025₹382₹338₹318
4 Jul 2025₹382₹345₹321
11 Jul 2025₹425₹358₹325
18 Jul 2025₹422₹369₹330
25 Jul 2025₹417₹378₹334
1 Aug 2025₹435₹387₹339
8 Aug 2025₹453₹398₹344
14 Aug 2025₹465₹407₹349
22 Aug 2025₹459₹417₹354
29 Aug 2025₹463₹423₹358
5 Sep 2025₹468₹430₹363
12 Sep 2025₹466₹437₹368
19 Sep 2025₹490₹446₹374
26 Sep 2025₹484₹455₹380
3 Oct 2025₹491₹459₹384
10 Oct 2025₹489₹464₹389
17 Oct 2025₹494₹470₹394
24 Oct 2025₹502₹474₹398
31 Oct 2025₹519₹481₹404
7 Nov 2025₹510₹486₹408
14 Nov 2025₹520₹491₹413
21 Nov 2025₹522₹498₹419
28 Nov 2025₹520₹502₹424
5 Dec 2025₹501₹502₹428
12 Dec 2025₹474₹496₹430
19 Dec 2025₹481₹493₹432
26 Dec 2025₹486₹493₹435
2 Jan 2026₹504₹492₹437
9 Jan 2026₹470₹491₹440
16 Jan 2026₹491₹490₹441
23 Jan 2026₹460₹487₹443
1 Feb 2026₹457₹483₹444
6 Feb 2026₹466₹481₹445
13 Feb 2026₹473₹480₹447
20 Feb 2026₹459₹477₹448
27 Feb 2026₹457₹474₹448
6 Mar 2026₹451₹470₹448
13 Mar 2026₹410₹462₹447
20 Mar 2026₹429₹455₹446
27 Mar 2026₹420₹450₹445
2 Apr 2026₹422₹446₹444
10 Apr 2026₹437₹441₹443
17 Apr 2026₹457₹441₹443
24 Apr 2026₹437₹441₹443
30 Apr 2026₹424₹439₹442
8 May 2026₹423₹437₹441
15 May 2026₹436₹436₹441
22 May 2026₹419₹433₹440
29 May 2026₹418₹431₹439
4 Jun 2026₹419₹429₹438
5 Jun 2026₹419₹429₹438
10 Jun 2026₹415₹428₹437
12 Jun 2026₹418₹427₹437
17 Jun 2026₹414₹426₹436
19 Jun 2026₹412₹424₹436
24 Jun 2026₹410₹423₹435
25 Jun 2026₹407₹422₹435
1 Jul 2026₹402₹420₹434
3 Jul 2026₹402₹419₹433
10 Jul 2026₹394₹415₹432
17 Jul 2026₹391₹411₹430
24 Jul 2026₹393₹408₹428
31 Jul 2026₹420₹408₹427
7 Aug 2026₹450₹414₹428
14 Aug 2026₹427₹418₹428
21 Aug 2026₹451₹423₹429
28 Aug 2026₹436₹426₹429
4 Sep 2026₹439₹427₹430
11 Sep 2026₹427₹428₹430
18 Sep 2026₹406₹425₹429
25 Sep 2026₹410₹422₹428
1 Oct 2026₹402₹420₹427
9 Oct 2026₹403₹417₹426
16 Oct 2026₹427₹418₹426
23 Oct 2026₹410₹419₹426
30 Oct 2026₹405₹418₹425
6 Nov 2026₹406₹418₹425
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

5Y

Nov 2026: ₹406, 4.4% below its 200-day average. The price has been falling for 2 weeks.

  • Price ₹406
  • 50-day avg ₹418
  • 200-day avg ₹425
Nov 2026: ₹406, 4.4% below its 200-day average. The price has been falling for 2 weeks.
WeekPrice50-day avg200-day avg
4 Nov 2021₹198₹186₹169
18 Nov 2021₹233₹197₹174
3 Dec 2021₹278₹217₹182
17 Dec 2021₹257₹237₹191
31 Dec 2021₹268₹243₹197
14 Jan 2022₹288₹250₹203
28 Jan 2022₹260₹255₹209
11 Feb 2022₹242₹255₹213
25 Feb 2022₹211₹246₹215
11 Mar 2022₹226₹236₹215
25 Mar 2022₹233₹234₹216
8 Apr 2022₹257₹237₹218
22 Apr 2022₹270₹243₹221
6 May 2022₹238₹245₹224
20 May 2022₹220₹237₹224
3 Jun 2022₹226₹232₹223
17 Jun 2022₹211₹228₹223
1 Jul 2022₹214₹224₹222
15 Jul 2022₹243₹228₹224
29 Jul 2022₹255₹236₹226
12 Aug 2022₹270₹246₹230
26 Aug 2022₹261₹251₹233
9 Sep 2022₹307₹260₹237
23 Sep 2022₹299₹275₹243
7 Oct 2022₹306₹282₹248
21 Oct 2022₹307₹290₹254
4 Nov 2022₹325₹295₹258
18 Nov 2022₹342₹304₹264
2 Dec 2022₹348₹317₹271
16 Dec 2022₹370₹330₹279
30 Dec 2022₹336₹332₹285
13 Jan 2023₹324₹331₹289
27 Jan 2023₹314₹327₹291
10 Feb 2023₹324₹324₹294
24 Feb 2023₹314₹322₹296
10 Mar 2023₹311₹318₹298
24 Mar 2023₹321₹317₹299
6 Apr 2023₹311₹318₹300
21 Apr 2023₹293₹313₹300
5 May 2023₹308₹309₹300
19 May 2023₹311₹313₹302
2 Jun 2023₹305₹310₹303
16 Jun 2023₹353₹319₹306
30 Jun 2023₹346₹329₹310
14 Jul 2023₹349₹338₹314
28 Jul 2023₹373₹345₹318
11 Aug 2023₹388₹358₹324
25 Aug 2023₹405₹374₹332
8 Sep 2023₹415₹387₹340
22 Sep 2023₹390₹390₹345
6 Oct 2023₹387₹388₹348
20 Oct 2023₹371₹386₹351
3 Nov 2023₹369₹379₹352
17 Nov 2023₹381₹379₹355
1 Dec 2023₹383₹377₹356
15 Dec 2023₹390₹382₹360
29 Dec 2023₹410₹389₹364
12 Jan 2024₹425₹399₹369
25 Jan 2024₹387₹400₹372
9 Feb 2024₹377₹392₹372
23 Feb 2024₹365₹384₹372
7 Mar 2024₹335₹371₹369
22 Mar 2024₹299₹349₹363
5 Apr 2024₹352₹342₹360
19 Apr 2024₹320₹339₹358
3 May 2024₹316₹333₹354
18 May 2024₹319₹326₹350
31 May 2024₹313₹325₹348
14 Jun 2024₹329₹324₹345
28 Jun 2024₹321₹324₹343
12 Jul 2024₹339₹329₹343
26 Jul 2024₹352₹338₹344
9 Aug 2024₹343₹343₹345
23 Aug 2024₹337₹339₹344
6 Sep 2024₹334₹336₹343
20 Sep 2024₹348₹339₹343
4 Oct 2024₹334₹340₹343
18 Oct 2024₹327₹337₹342
1 Nov 2024₹341₹332₹340
14 Nov 2024₹340₹339₹341
29 Nov 2024₹338₹336₹340
13 Dec 2024₹346₹337₹340
27 Dec 2024₹339₹336₹339
10 Jan 2025₹305₹332₹338
24 Jan 2025₹310₹326₹336
7 Feb 2025₹304₹319₹333
21 Feb 2025₹279₹307₹328
7 Mar 2025₹264₹295₹323
21 Mar 2025₹270₹282₹317
4 Apr 2025₹259₹273₹311
17 Apr 2025₹291₹272₹308
2 May 2025₹285₹278₹307
16 May 2025₹273₹274₹303
30 May 2025₹349₹290₹305
13 Jun 2025₹383₹317₹311
27 Jun 2025₹382₹338₹318
11 Jul 2025₹425₹358₹325
25 Jul 2025₹417₹378₹334
8 Aug 2025₹453₹398₹344
22 Aug 2025₹459₹417₹354
5 Sep 2025₹468₹430₹363
19 Sep 2025₹490₹446₹374
3 Oct 2025₹491₹459₹384
17 Oct 2025₹494₹470₹394
31 Oct 2025₹519₹481₹404
14 Nov 2025₹520₹491₹413
28 Nov 2025₹520₹502₹424
12 Dec 2025₹474₹496₹430
26 Dec 2025₹486₹493₹435
9 Jan 2026₹470₹491₹440
23 Jan 2026₹460₹487₹443
6 Feb 2026₹466₹481₹445
20 Feb 2026₹459₹477₹448
6 Mar 2026₹451₹470₹448
20 Mar 2026₹429₹455₹446
2 Apr 2026₹422₹446₹444
17 Apr 2026₹457₹441₹443
30 Apr 2026₹424₹439₹442
15 May 2026₹436₹436₹441
29 May 2026₹418₹431₹439
5 Jun 2026₹419₹429₹438
12 Jun 2026₹418₹427₹437
19 Jun 2026₹412₹424₹436
25 Jun 2026₹407₹422₹435
3 Jul 2026₹402₹419₹433
17 Jul 2026₹391₹411₹430
31 Jul 2026₹420₹408₹427
14 Aug 2026₹427₹418₹428
28 Aug 2026₹436₹426₹429
11 Sep 2026₹427₹428₹430
25 Sep 2026₹410₹422₹428
9 Oct 2026₹403₹417₹426
23 Oct 2026₹410₹419₹426
6 Nov 2026₹406₹418₹425
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 5-year window.

Price stage: Rising from Oct 2025 to Apr 2026; Falling from Apr 2026 to Oct 2026.

Price stage: Rising from Nov 2023 to Mar 2024; Falling from Mar 2024 to Aug 2024; Sideways from Aug 2024 to Oct 2024; Falling from Oct 2024 to Jun 2025; Rising from Jul 2025 to Apr 2026; Falling from Apr 2026 to Oct 2026.

Price stage: Rising from Nov 2021 to Mar 2024; Falling from Mar 2024 to Aug 2024; Sideways from Aug 2024 to Oct 2024; Falling from Oct 2024 to Jun 2025; Rising from Jul 2025 to Apr 2026; Falling from Apr 2026 to Oct 2026.

Week by week since 2018: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 230 of 433 weeks

Week by week since 2018: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
1 Jun 2018no NIFTY 500 reading
8 Jun 2018no NIFTY 500 reading
15 Jun 2018no NIFTY 500 reading
22 Jun 2018no NIFTY 500 reading
29 Jun 2018no NIFTY 500 reading
6 Jul 2018no NIFTY 500 reading
13 Jul 2018no NIFTY 500 reading
20 Jul 2018no NIFTY 500 reading
27 Jul 2018no NIFTY 500 reading
3 Aug 2018no NIFTY 500 reading
10 Aug 2018no NIFTY 500 reading
17 Aug 2018no NIFTY 500 reading
24 Aug 2018no NIFTY 500 reading
31 Aug 2018+42.3%
7 Sep 2018+35.7%
14 Sep 2018+64.6%
21 Sep 2018+35.2%
28 Sep 2018+28.0%
5 Oct 2018+25.1%
12 Oct 2018+29.2%
19 Oct 2018+27.5%
25 Oct 2018+31.7%
2 Nov 2018+13.2%
9 Nov 2018+28.2%
16 Nov 2018+13.6%
22 Nov 2018+1.4%
30 Nov 2018+6.7%
7 Dec 2018+14.6%
14 Dec 2018+8.5%
21 Dec 2018+17.6%
28 Dec 2018+29.9%
3 Jan 2019+34.6%
11 Jan 2019+17.7%
16 Jan 2019+24.0%
25 Jan 2019+21.8%
1 Feb 2019+23.0%
8 Feb 2019−0.2%
15 Feb 2019+3.1%
22 Feb 2019+4.9%
1 Mar 2019−2.2%
8 Mar 2019−2.2%
15 Mar 2019−7.3%
22 Mar 2019−5.3%
29 Mar 2019−6.5%
5 Apr 2019−9.4%
12 Apr 2019−12.2%
18 Apr 2019−11.6%
26 Apr 2019−23.0%
3 May 2019−12.0%
10 May 2019+1.1%
17 May 2019−1.3%
23 May 2019−2.1%
31 May 2019+17.4%
7 Jun 2019+12.8%
14 Jun 2019+21.9%
21 Jun 2019+13.8%
28 Jun 2019+17.9%
5 Jul 2019+29.8%
12 Jul 2019+36.1%
19 Jul 2019+37.4%
26 Jul 2019+45.4%
2 Aug 2019+23.0%
9 Aug 2019+21.8%
16 Aug 2019+32.1%
23 Aug 2019+19.3%
30 Aug 2019+11.1%
6 Sep 2019+7.8%
13 Sep 2019+2.4%
20 Sep 2019+0.5%
27 Sep 2019+4.4%
4 Oct 2019−7.1%
11 Oct 2019−6.2%
18 Oct 2019−12.6%
27 Oct 2019−9.1%
1 Nov 2019−16.0%
8 Nov 2019−10.5%
15 Nov 2019+10.1%
22 Nov 2019+28.7%
29 Nov 2019+19.0%
6 Dec 2019+22.6%
13 Dec 2019+19.4%
20 Dec 2019+20.8%
27 Dec 2019+13.9%
3 Jan 2020+27.6%
10 Jan 2020+20.5%
17 Jan 2020+19.0%
24 Jan 2020+27.7%
1 Feb 2020+71.4%
7 Feb 2020+77.8%
14 Feb 2020+39.9%
20 Feb 2020+34.1%
28 Feb 2020+36.1%
6 Mar 2020+27.4%
13 Mar 2020+30.6%
20 Mar 2020+12.1%
27 Mar 2020+3.1%
3 Apr 2020+10.8%
9 Apr 2020+13.1%
17 Apr 2020+7.2%
24 Apr 2020−0.3%
30 Apr 2020−10.1%
8 May 2020−25.8%
15 May 2020−18.7%
22 May 2020−27.9%
29 May 2020−33.2%
5 Jun 2020−7.7%
12 Jun 2020−20.5%
19 Jun 2020−2.4%
26 Jun 2020+19.5%
3 Jul 2020−14.9%
10 Jul 2020−13.2%
17 Jul 2020−7.8%
24 Jul 2020+2.2%
31 Jul 2020−7.8%
7 Aug 2020+19.7%
14 Aug 2020−6.4%
21 Aug 2020+18.0%
28 Aug 2020+33.1%
4 Sep 2020−9.0%
11 Sep 2020−7.4%
18 Sep 2020+4.4%
25 Sep 2020−4.7%
1 Oct 2020+9.5%
9 Oct 2020+9.4%
16 Oct 2020+8.2%
23 Oct 2020+5.1%
30 Oct 2020+8.6%
6 Nov 2020−3.7%
14 Nov 2020−3.8%
20 Nov 2020−10.3%
27 Nov 2020−20.5%
4 Dec 2020−29.9%
11 Dec 2020−22.4%
18 Dec 2020−25.8%
24 Dec 2020−27.4%
1 Jan 2021−10.1%
8 Jan 2021+0.6%
15 Jan 2021+15.4%
22 Jan 2021+18.7%
29 Jan 2021+20.2%
5 Feb 2021+17.4%
12 Feb 2021+17.8%
19 Feb 2021+13.6%
26 Feb 2021+20.7%
5 Mar 2021+23.8%
12 Mar 2021+20.4%
19 Mar 2021+15.6%
26 Mar 2021+22.6%
1 Apr 2021+3.8%
9 Apr 2021+12.7%
16 Apr 2021+5.1%
23 Apr 2021−6.9%
30 Apr 2021−7.2%
7 May 2021−2.0%
14 May 2021−1.8%
21 May 2021+1.8%
28 May 2021+7.1%
4 Jun 2021+3.7%
11 Jun 2021−2.0%
18 Jun 2021−4.1%
25 Jun 2021−8.3%
2 Jul 2021−6.7%
9 Jul 2021−23.7%
16 Jul 2021−17.4%
23 Jul 2021−9.5%
30 Jul 2021−12.9%
6 Aug 2021−7.2%
13 Aug 2021−8.4%
20 Aug 2021−12.4%
27 Aug 2021−17.9%
3 Sep 2021−15.8%
9 Sep 2021−15.8%
17 Sep 2021−11.6%
24 Sep 2021−5.8%
1 Oct 2021−3.2%
8 Oct 2021+9.8%
14 Oct 2021+5.9%
22 Oct 2021+0.4%
29 Oct 2021−2.4%
4 Nov 2021+1.3%
12 Nov 2021+13.9%
18 Nov 2021+36.6%
26 Nov 2021+37.0%
3 Dec 2021+62.9%
10 Dec 2021+74.4%
17 Dec 2021+54.0%
24 Dec 2021+48.7%
31 Dec 2021+48.7%
7 Jan 2022+26.5%
14 Jan 2022+38.7%
21 Jan 2022+43.5%
28 Jan 2022+43.4%
4 Feb 2022+32.3%
11 Feb 2022+18.8%
18 Feb 2022+4.5%
25 Feb 2022−8.0%
4 Mar 2022−19.4%
11 Mar 2022−18.1%
17 Mar 2022−9.9%
25 Mar 2022−8.3%
1 Apr 2022−9.1%
8 Apr 2022+2.4%
13 Apr 2022−8.3%
22 Apr 2022−2.1%
29 Apr 2022+1.7%
6 May 2022+1.6%
13 May 2022−4.5%
20 May 2022−0.4%
27 May 2022+6.9%
3 Jun 2022+11.2%
10 Jun 2022+6.7%
17 Jun 2022+2.1%
24 Jun 2022+4.2%
1 Jul 2022−0.8%
8 Jul 2022+2.9%
15 Jul 2022+0.6%
22 Jul 2022−2.3%
29 Jul 2022−0.9%
5 Aug 2022+5.4%
12 Aug 2022+14.3%
19 Aug 2022+10.3%
26 Aug 2022+7.5%
2 Sep 2022+9.6%
9 Sep 2022+20.0%
16 Sep 2022+24.0%
23 Sep 2022+27.2%
30 Sep 2022+29.6%
7 Oct 2022+19.3%
14 Oct 2022+16.8%
21 Oct 2022+14.2%
28 Oct 2022+10.5%
4 Nov 2022+15.7%
11 Nov 2022+18.7%
18 Nov 2022+25.2%
25 Nov 2022+27.8%
2 Dec 2022+25.0%
9 Dec 2022+10.2%
16 Dec 2022+22.6%
23 Dec 2022−0.2%
30 Dec 2022+10.0%
6 Jan 2023+3.1%
13 Jan 2023+5.5%
20 Jan 2023+1.0%
27 Jan 2023+11.4%
3 Feb 2023+1.5%
10 Feb 2023+3.3%
17 Feb 2023−0.1%
24 Feb 2023−0.6%
3 Mar 2023−5.8%
10 Mar 2023+0.6%
17 Mar 2023−10.8%
24 Mar 2023+9.0%
31 Mar 2023+0.4%
6 Apr 2023−1.9%
13 Apr 2023−2.4%
21 Apr 2023−4.3%
28 Apr 2023−6.1%
5 May 2023−6.4%
12 May 2023−1.0%
19 May 2023−9.4%
26 May 2023−12.3%
2 Jun 2023−7.7%
9 Jun 2023−2.0%
16 Jun 2023+3.3%
23 Jun 2023−5.9%
30 Jun 2023−5.6%
7 Jul 2023+3.8%
14 Jul 2023+1.1%
21 Jul 2023+7.5%
28 Jul 2023+12.4%
4 Aug 2023+18.6%
11 Aug 2023+8.7%
18 Aug 2023+25.2%
25 Aug 2023+27.7%
1 Sep 2023+28.9%
8 Sep 2023+11.8%
15 Sep 2023+6.2%
22 Sep 2023+6.3%
29 Sep 2023+9.3%
6 Oct 2023+3.5%
13 Oct 2023+8.4%
20 Oct 2023+6.2%
27 Oct 2023−0.5%
3 Nov 2023−8.3%
12 Nov 2023−5.4%
17 Nov 2023−12.9%
24 Nov 2023−14.0%
1 Dec 2023−16.6%
8 Dec 2023−12.5%
15 Dec 2023−10.1%
22 Dec 2023−8.9%
29 Dec 2023−7.7%
5 Jan 2024−1.7%
12 Jan 2024−2.5%
20 Jan 2024−6.5%
25 Jan 2024−13.2%
2 Feb 2024−14.1%
9 Feb 2024−15.0%
16 Feb 2024−17.2%
23 Feb 2024−13.3%
2 Mar 2024−14.1%
7 Mar 2024−19.5%
15 Mar 2024−27.1%
22 Mar 2024−29.2%
28 Mar 2024−36.9%
5 Apr 2024−24.8%
12 Apr 2024−25.4%
19 Apr 2024−27.9%
26 Apr 2024−23.8%
3 May 2024−19.3%
10 May 2024−19.9%
18 May 2024−19.2%
24 May 2024−16.5%
31 May 2024−17.3%
7 Jun 2024−15.2%
14 Jun 2024−4.6%
21 Jun 2024−3.5%
28 Jun 2024+1.7%
5 Jul 2024−12.0%
12 Jul 2024−13.2%
19 Jul 2024+1.3%
26 Jul 2024−1.6%
2 Aug 2024+3.7%
9 Aug 2024−1.1%
16 Aug 2024−8.0%
23 Aug 2024−8.1%
30 Aug 2024−10.1%
6 Sep 2024−3.9%
13 Sep 2024−0.8%
20 Sep 2024−1.1%
27 Sep 2024+0.6%
4 Oct 2024−5.8%
11 Oct 2024−4.0%
18 Oct 2024−8.3%
25 Oct 2024−11.0%
1 Nov 2024−6.2%
8 Nov 2024+8.9%
14 Nov 2024+10.2%
22 Nov 2024−2.5%
29 Nov 2024+7.9%
6 Dec 2024+2.8%
13 Dec 2024+2.7%
20 Dec 2024+1.5%
27 Dec 2024+6.7%
3 Jan 2025+5.3%
10 Jan 2025+0.8%
17 Jan 2025+4.7%
24 Jan 2025+9.3%
1 Feb 2025−1.9%
7 Feb 2025−11.6%
14 Feb 2025−10.1%
21 Feb 2025−1.4%
28 Feb 2025−7.9%
7 Mar 2025−9.2%
13 Mar 2025−17.6%
21 Mar 2025−12.0%
28 Mar 2025−23.7%
4 Apr 2025−13.7%
11 Apr 2025−14.1%
17 Apr 2025−13.4%
25 Apr 2025−12.2%
2 May 2025−11.3%
9 May 2025−22.0%
16 May 2025−14.0%
23 May 2025+1.2%
30 May 2025+16.8%
6 Jun 2025+24.0%
13 Jun 2025+40.9%
20 Jun 2025+30.7%
27 Jun 2025+47.4%
4 Jul 2025+32.0%
11 Jul 2025+53.6%
18 Jul 2025+39.6%
25 Jul 2025+42.8%
1 Aug 2025+50.0%
8 Aug 2025+73.2%
14 Aug 2025+68.1%
22 Aug 2025+45.7%
29 Aug 2025+32.3%
5 Sep 2025+28.5%
12 Sep 2025+19.4%
19 Sep 2025+30.0%
26 Sep 2025+29.2%
3 Oct 2025+30.4%
10 Oct 2025+15.5%
17 Oct 2025+15.6%
24 Oct 2025+16.3%
31 Oct 2025+15.0%
7 Nov 2025+7.6%
14 Nov 2025+8.7%
21 Nov 2025+8.5%
28 Nov 2025+8.6%
5 Dec 2025+5.8%
12 Dec 2025+1.6%
19 Dec 2025−4.7%
26 Dec 2025−3.6%
2 Jan 2026−1.3%
9 Jan 2026−4.1%
16 Jan 2026+3.4%
23 Jan 2026−4.7%
1 Feb 2026−11.0%
6 Feb 2026−8.5%
13 Feb 2026−8.0%
20 Feb 2026−9.7%
27 Feb 2026−6.5%
6 Mar 2026−6.0%
13 Mar 2026−6.8%
20 Mar 2026−0.8%
27 Mar 2026−1.4%
2 Apr 2026−8.4%
10 Apr 2026−3.3%
17 Apr 2026−7.7%
24 Apr 2026−4.0%
30 Apr 2026−5.9%
8 May 2026−3.8%
15 May 2026−3.0%
22 May 2026−5.4%
29 May 2026−9.8%
4 Jun 2026−7.2%
5 Jun 2026−0.3%
10 Jun 2026−8.4%
12 Jun 2026−8.3%
17 Jun 2026−6.5%
19 Jun 2026−8.1%
24 Jun 2026−10.8%
25 Jun 2026−8.0%
1 Jul 2026−5.8%
3 Jul 2026−8.3%
10 Jul 2026−13.4%
17 Jul 2026−9.8%
24 Jul 2026−6.9%
31 Jul 2026−4.0%
7 Aug 2026+1.7%
14 Aug 2026−1.6%
21 Aug 2026+3.8%
28 Aug 2026+3.8%
4 Sep 2026+6.1%
11 Sep 2026+5.3%
18 Sep 2026+1.0%
25 Sep 2026+5.0%
1 Oct 2026+6.0%
9 Oct 2026+8.6%
16 Oct 2026+13.9%
23 Oct 2026+10.6%
30 Oct 2026+3.1%
6 Nov 2026−2.0%
Each bar is one week, from 2018 to now (433 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 8.4 years the share price moved +697% while the NIFTY 500 moved +138%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at Sirca Paints India this quarter?

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), foreign funds (FIIs) cut their stake for 3 quarters in a row and profit up on a year earlier for 6 quarters in a row.

  1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

    In the June 2026 quarter revenue was ₹130 crore, +14% on a year earlier.

  2. Foreign funds (FIIs) cut their stake for 3 quarters in a row

    From 6.9% to 4.6% of the company by the September 2026 quarter.

  3. Profit up on a year earlier for 6 quarters in a row

    In the June 2026 quarter profit was ₹16 crore, +14.3% on a year earlier.

What are Sirca Paints India's latest quarterly results?

For April to June 2026 (the quarter ended 30 June 2026), Sirca Paints India reported revenue of ₹130 crore, up 14.0% from ₹114 crore a year earlier, and a profit of ₹16.0 crore, up 14.3% from ₹14.0 crore.

Sirca Paints India results: April to June 2026 against a year earlier

Sirca Paints India results: April to June 2026 against a year earlier
MeasureApril to June 2026April to June 2025Change
Revenue₹130 crore₹114 crore+14.0%
Profit₹16.0 crore₹14.0 crore+14.3%
Earnings per share₹2.85₹2.59+10.0%
Operating margin19.0%20.0%−1.0 points

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 15 May 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

What is the Sirca Paints India share price history?

Sirca Paints India closed at ₹406.30 on 6 November 2026, down 20.4% from ₹510.20 a year earlier (7 November 2025) and up 105.4% over five years. Its highest weekly close since June 2018 was ₹521.60 on 21 November 2025.

Sirca Paints India share price: then and now

Sirca Paints India share price: then and now
WhenCloseChange to 6 Nov 2026
1 week ago · 30 Oct 2026₹405.45+0.2%
1 month ago · 9 Oct 2026₹402.70+0.9%
6 months ago · 8 May 2026₹423.10−4.0%
1 year ago · 7 Nov 2025₹510.20−20.4%
3 years ago · 3 Nov 2023₹369.00+10.1%
5 years ago · 4 Nov 2021₹197.85+105.4%
Earliest weekly close in our records · 1 Jun 2018₹50.99+696.8%
Highest weekly close since June 2018, also the 52-week high · 21 Nov 2025₹521.60−22.1%
Lowest weekly close since June 2018 · 15 Jun 2018₹47.20+760.8%
52-week low (weekly close) · 17 Jul 2026₹391.00+3.9%

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

446 weekly closes from 1 June 2018 to 6 November 2026.

What is the latest news on Sirca Paints India?

6 Nov 2026: Sirca Paints India closed at ₹406.30, up 0.2% on the week and up 0.9% on the month. 31 Jul 2026: ex-date for a dividend of ₹2 a share.

Earlier

  • Results for April to June 2026: Revenue up 14.0% and profit up 14.3% on a year earlier.
  • 15 May 2026: Sirca Paints India held its results call for January to March 2026. Management guided: FY27 consolidated revenue growth 25-30% based on yearly growth across brands and geographies.

What dividend does Sirca Paints India pay?

Sirca Paints India paid ₹2 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 0.49% at the ₹406.30 close on 6 November 2026. The last was a dividend of ₹2 a share, ex-date 31 July 2026.

Sirca Paints India dividends since 1 April 2021

Sirca Paints India dividends since 1 April 2021
Ex-dateDividend per shareTypeRecord date
31 Jul 2026Dividend₹2Dividendsame day
4 Sep 2025Dividend₹1.50Dividend5 Sep 2025
22 Aug 2024Dividend₹1.50Dividendsame day
18 Aug 2023Dividend₹1.50Dividend—
19 Jul 2022Dividend₹2Dividend—
29 Jul 2021Dividend₹1.50Dividend—

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

5 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. Sirca Paints India Ltd paid out 17% of its profit as dividends in FY26, and it paid a dividend in each of its last 7 reported years.

From the NSE corporate-actions record, read 7 November 2026.

What did Sirca Paints India management say on the latest results call?

On the call for January to March 2026, held on 15 May 2026, Sirca Paints India's management guided: FY27 consolidated revenue growth 25-30% based on yearly growth across brands and geographies.

“We have moved from a trading to a manufacturing company; as India becomes a manufacturing hub and global companies establish a strong presence here, the cost of production and raw material availability has improved, increasing our gross margins significantly”Apurva Agarwal, on the call for January to March 2026

What management guided

  • FY27 operating margin 19-21% range.
  • FY27 Wembley/Valentino combined growth 40% on a year earlier with polyurethane launch; exports aiming for 3-4% of revenue starting April to June 2026.
  • Three-year vision: ₹1,000 crore revenue by FY29; ₹5-6 crores capital spending FY27 focused on acrylic production; domestication of acrylic products April to June 2026 with UV tech transfer also Q1.
  • Near-term: NC cotton supply relief expected by June 2026 with new Nitrex unit operational; working capital inventory reduction ₹15-20 crores expected by year-end June - semi-prepared, specific timing and magnitude.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 15 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

What to watch in Sirca Paints India's next results?

When Sirca Paints India reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: NC cotton supply resolution by June 2026: Nitrex new production unit operationalization is critical to Wembley nitrocellulose revenue continuity; any delays risk impacting 40% on a year earlier growth goal and could pressure Wembley volumes.

Sirca Paints India: what to watch next quarter
What to check (from the call)
NC cotton supply resolution by June 2026: Nitrex new production unit operationalization is critical to Wembley nitrocellulose revenue continuity; any delays risk impacting 40% on a year earlier growth goal and could pressure Wembley volumes.
Wembley Valentino export launch execution: management aiming for 3-4% revenue contribution from exports in FY27; track Q1 order flow, shipment completion, and logistic challenges (vessel sourcing, flammable material handling) resolution to validate timeline.
Acrylic domestic production ramp April to June 2026: domestication of previously imported premium acrylic line is key to margin improvement; track gross margin realization versus current import cost baseline and sales volume uptake in designer channel.
West and South geographic revenue contribution normalization: management aiming for material growth from new depot network; monitor quarterly revenue contribution from West/South to track shift away from North current 80% concentration and validate channel momentum.

Which stock lists is Sirca Paints India on?

Sirca Paints India is not on any of our India lists this week.

Is Sirca Paints India profitable?

Sirca Paints India Ltd earned ₹16.0 Cr of net profit in the Jun 2026 quarter, +14.3% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹65.0 Cr. Over 6 years profit has grown 17.3% a year on average. That is 12.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹14.0 Cr.

For the full year, FY26 profit was ₹65.0 Cr (+32.7% on the year before).

FY26 profit ₹65.0 Cr (+32.7% on the year before), 17.3% a year over 6 years

  • Net profit ₹65.0
FY26 profit ₹65.0 Cr (+32.7% on the year before), 17.3% a year over 6 years
QuarterNet profit
FY20₹25
FY21₹17
FY22₹28
FY23₹46
FY24₹51
FY25₹49
FY26₹65

Growth on a year earlier

  • Growth on a year earlier 32.7%
Growth on a year earlier
QuarterGrowth on a year earlier
FY20–
FY21−32%
FY2264.7%
FY2364.3%
FY2410.9%
FY25−3.9%
FY2632.7%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 7-year window. A grey bar is lower than the year before.

Jun 2026: ₹16.0 Cr (+14.3% on a year earlier), the 6th quarter in a row of growth

  • Net profit (quarterly) ₹16.0
Jun 2026: ₹16.0 Cr (+14.3% on a year earlier), the 6th quarter in a row of growth
QuarterNet profit (quarterly)
Sep 2023₹16
Dec 2023₹11
Mar 2024₹13
Jun 2024₹10
Sep 2024₹13
Dec 2024₹11
Mar 2025₹14
Jun 2025₹14
Sep 2025₹18
Dec 2025₹15
Mar 2026₹18
Jun 2026₹16

Growth on a year earlier

  • Growth on a year earlier 14.3%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 202314.3%
Dec 20230%
Mar 202444.4%
Jun 2024−23.1%
Sep 2024−18.8%
Dec 20240%
Mar 20257.7%
Jun 202540%
Sep 202538.5%
Dec 202536.4%
Mar 202628.6%
Jun 202614.3%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +14.0% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +29.4% and revenue +24.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

How much revenue does Sirca Paints India make, and is it growing?

Sirca Paints India Ltd reported ₹130 Cr of revenue in the Jun 2026 quarter, +14.0% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 6 years it has grown 24.2% a year on average. The last full year, FY26, came in at ₹492 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹508 Cr.

FY26 revenue was ₹492 Cr, +32.3% on the year before.

FY26 revenue ₹492 Cr (+32.3% on the year before), 24.2% a year over 6 years

  • Revenue ₹492
FY26 revenue ₹492 Cr (+32.3% on the year before), 24.2% a year over 6 years
QuarterRevenue
FY20₹134
FY21₹141
FY22₹196
FY23₹264
FY24₹311
FY25₹372
FY26₹492

Growth on a year earlier

  • Growth on a year earlier 32.3%
Growth on a year earlier
QuarterGrowth on a year earlier
FY20–
FY215.2%
FY2239%
FY2334.7%
FY2417.8%
FY2519.6%
FY2632.3%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 7-year window. A grey bar is lower than the year before.

Jun 2026: ₹130 Cr (+14.0% on a year earlier), the 12th quarter in a row of growth

  • Revenue (quarterly) ₹130
Jun 2026: ₹130 Cr (+14.0% on a year earlier), the 12th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023₹84
Dec 2023₹72
Mar 2024₹83
Jun 2024₹79
Sep 2024₹105
Dec 2024₹89
Mar 2025₹101
Jun 2025₹114
Sep 2025₹131
Dec 2025₹113
Mar 2026₹134
Jun 2026₹130

Growth on a year earlier

  • Growth on a year earlier 14%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 202315.1%
Dec 202310.8%
Mar 202422.1%
Jun 20248.2%
Sep 202425%
Dec 202423.6%
Mar 202521.7%
Jun 202544.3%
Sep 202524.8%
Dec 202527%
Mar 202632.7%
Jun 202614%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +24.6% on average, against 24.2% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +24.2%, against +26.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +28.8%, against +15.8% a year (accelerating).

How much of every ₹100 of sales does Sirca Paints India keep?

Sirca Paints India Ltd's operating margin was 19.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 9.0% and 23.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.1 percentage points on the year while gross margin changed −1.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY26: 20.0%, within a range of 9.0% to 23.0% over 7 years

  • Operating margin 20.0%
FY26: 20.0%, within a range of 9.0% to 23.0% over 7 years
QuarterOperating margin
FY2023%
FY219%
FY2219%
FY2323%
FY2422%
FY2518%
FY2620%

Change on the year before (points)

  • Change on the year before (points) +2.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY20–
FY21−14.0 pts
FY22+10.0 pts
FY23+4.0 pts
FY24−1.0 pts
FY25−4.0 pts
FY26+2.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 7-year window.

Jun 2026: operating margin 19.0% (−1.0 points on a year earlier)

  • Operating margin 19.0%
Jun 2026: operating margin 19.0% (−1.0 points on a year earlier)
QuarterOperating margin
Sep 202325%
Dec 202319%
Mar 202420%
Jun 202418%
Sep 202418%
Dec 202417%
Mar 202519%
Jun 202520%
Sep 202521%
Dec 202520%
Mar 202619%
Jun 202619%

Change on a year earlier (points)

  • Change on a year earlier (points) −1.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023–
Dec 2023−3.0 pts
Mar 2024+1.0 pts
Jun 2024−6.0 pts
Sep 2024−7.0 pts
Dec 2024−2.0 pts
Mar 2025−1.0 pts
Jun 2025+2.0 pts
Sep 2025+3.0 pts
Dec 2025+3.0 pts
Mar 20260.0 pts
Jun 2026−1.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Sirca Paints India's profit turning into cash?

Over the last 3 years, 85% of Sirca Paints India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹44.0 Cr of operating cash against ₹65.0 Cr of profit. After ₹31.0 Cr of spending on assets, ₹13.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹44.0 Cr against profit ₹65.0 Cr; 85% of 3 years' profit came in as cash

  • Operating cash ₹44.0
  • Net profit ₹65.0
  • Free cash ₹13
FY26: operating cash ₹44.0 Cr against profit ₹65.0 Cr; 85% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY20−₹8₹25–
FY21₹19₹17₹22
FY22₹35₹28₹20
FY23−₹19₹46−₹28
FY24₹42₹51₹31
FY25₹54₹49−₹53
FY26₹44₹65₹13
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 7-year window, yearly figures.

FY26: operating cash was 68% of profit (85% over three years)

  • Operating cash as % of profit 68%
  • Break-even line 100%
FY26: operating cash was 68% of profit (85% over three years)
QuarterOperating cash as % of profitBreak-even line
FY20−32%100%
FY21112%100%
FY22125%100%
FY23−41%100%
FY2482%100%
FY25110%100%
FY2668%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash.

Why 85% of profit came in as cash: the cash cycle got 49 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 6.2× depreciation over three years. The next section checks what that spending is building.

Where does Sirca Paints India's cash go?

Sirca Paints India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 193 days in FY26, down from 242 days in FY21. It spent ₹149 Cr on assets over the last 3 years. Customers take 115 days to pay, and stock sits for 151 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹492 Cr, each day of that cycle ties up about ₹1.3 Cr, so roughly ₹260 Cr is tied up in the business at any time.

FY26: customers took 115 days to pay and stock sat for 151 days, about 5.0 months of sales sitting as stock, for a full cycle of 193 days, shorter than FY21's 242.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 151 days. Customers pay about 115 days after that. Suppliers are paid at 74 days. Together that makes the 193-day cycle.

FY26: a 193-day cash cycle, −49 days compared with FY21

  • Cash cycle 193d
  • Inventory days 151d
  • Debtor days 115d
  • Payable days 74d
FY26: a 193-day cash cycle, −49 days compared with FY21
QuarterCash cycleInventory daysDebtor daysPayable days
FY20285d265d124d105d
FY21242d282d112d151d
FY22204d217d85d98d
FY23229d248d71d90d
FY24213d206d77d70d
FY25218d198d92d71d
FY26193d151d115d74d
Debtor days, inventory days, payable days and the full cash cycle, each year. 7-year window.

Spending on assets: ₹149 Cr over the last 3 years, against ₹24.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹10.0 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹31.0 Cr, work in progress ₹10.0 Cr, a build-out

  • Capex ₹31.0
  • Work-in-progress ₹10.0
FY26: capex ₹31.0 Cr, work in progress ₹10.0 Cr, a build-out
QuarterCapexWork-in-progress
FY21−₹3₹2
FY22₹15₹1
FY23₹9₹5
FY24₹11₹6
FY25₹107₹0
FY26₹31₹10
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Sirca Paints India's P/E ratio, and how does it compare with its own history?

Sirca Paints India Ltd's P/E is 34.5×, near the low end of its own history: it has been lower only 14% of the time. Its usual P/E (the middle reading) is 40.0×, over 6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

P/E 34.5× against a usual 40.0×: near the low end of its own history: it has been lower only 14% of the time

  • P/E 34.4×
  • Median 40.0×
P/E 34.5× against a usual 40.0×: near the low end of its own history: it has been lower only 14% of the time
WeekP/EMedian
14 Nov 202026.8×40.0×
27 Nov 202026.8×40.0×
11 Dec 202027.1×40.0×
24 Dec 202026.9×40.0×
8 Jan 202135.6×40.0×
22 Jan 202137.7×40.0×
5 Feb 202137.3×40.0×
19 Feb 202134.8×40.0×
5 Mar 202135.6×40.0×
19 Mar 202134.8×40.0×
1 Apr 202135.1×40.0×
16 Apr 202139.7×40.0×
30 Apr 202137.1×40.0×
14 May 202136.6×40.0×
28 May 202156.9×40.0×
11 Jun 202156.9×40.0×
25 Jun 202153.6×40.0×
9 Jul 202154.4×40.0×
23 Jul 202156.9×40.0×
6 Aug 202149.1×40.0×
20 Aug 202145.8×40.0×
3 Sep 202147.5×40.0×
17 Sep 202147.6×40.0×
1 Oct 202150.0×40.0×
14 Oct 202156.9×40.0×
29 Oct 202151.0×40.0×
12 Nov 202134.0×40.0×
26 Nov 202138.7×40.0×
10 Dec 202146.4×40.0×
24 Dec 202140.8×40.0×
7 Jan 202241.8×40.0×
21 Jan 202244.7×40.0×
4 Feb 202241.2×40.0×
18 Feb 202235.1×40.0×
4 Mar 202230.4×40.0×
17 Mar 202234.6×40.0×
1 Apr 202236.1×40.0×
13 Apr 202237.7×40.0×
29 Apr 202237.2×40.0×
13 May 202232.3×40.0×
27 May 202244.3×40.0×
10 Jun 202244.3×40.0×
24 Jun 202243.4×40.0×
8 Jul 202246.9×40.0×
22 Jul 202249.7×40.0×
5 Aug 202240.1×40.0×
19 Aug 202239.5×40.0×
2 Sep 202239.9×40.0×
16 Sep 202244.1×40.0×
30 Sep 202243.9×40.0×
14 Oct 202244.1×40.0×
28 Oct 202243.2×40.0×
11 Nov 202243.1×40.0×
25 Nov 202245.5×40.0×
9 Dec 202245.6×40.0×
23 Dec 202241.7×40.0×
6 Jan 202343.0×40.0×
20 Jan 202341.0×40.0×
3 Feb 202340.8×40.0×
17 Feb 202341.4×40.0×
3 Mar 202339.3×40.0×
17 Mar 202339.0×40.0×
31 Mar 202341.3×40.0×
13 Apr 202338.8×40.0×
28 Apr 202338.9×40.0×
12 May 202342.1×40.0×
26 May 202335.5×40.0×
9 Jun 202340.9×40.0×
23 Jun 202341.1×40.0×
7 Jul 202342.6×40.0×
21 Jul 202342.0×40.0×
4 Aug 202347.0×40.0×
18 Aug 202348.4×40.0×
1 Sep 202348.4×40.0×
15 Sep 202346.4×40.0×
29 Sep 202345.0×40.0×
13 Oct 202344.8×40.0×
27 Oct 202342.6×40.0×
12 Nov 202343.5×40.0×
24 Nov 202341.9×40.0×
8 Dec 202344.4×40.0×
22 Dec 202345.2×40.0×
5 Jan 202448.4×40.0×
20 Jan 202446.0×40.0×
2 Feb 202442.8×40.0×
16 Feb 202441.8×40.0×
2 Mar 202439.5×40.0×
15 Mar 202434.3×40.0×
28 Mar 202432.2×40.0×
12 Apr 202438.2×40.0×
26 Apr 202436.1×40.0×
10 May 202435.9×40.0×
24 May 202434.9×40.0×
7 Jun 202434.4×40.0×
21 Jun 202434.5×40.0×
5 Jul 202436.7×40.0×
19 Jul 202438.1×40.0×
2 Aug 202438.5×40.0×
16 Aug 202436.6×40.0×
30 Aug 202436.2×40.0×
13 Sep 202439.5×40.0×
27 Sep 202438.5×40.0×
11 Oct 202437.4×40.0×
25 Oct 202433.9×40.0×
8 Nov 202440.8×40.0×
22 Nov 202437.2×40.0×
6 Dec 202440.1×40.0×
20 Dec 202438.3×40.0×
3 Jan 202539.1×40.0×
17 Jan 202537.9×40.0×
1 Feb 202537.3×40.0×
14 Feb 202533.0×40.0×
28 Feb 202531.2×40.0×
13 Mar 202529.3×40.0×
28 Mar 202527.9×40.0×
11 Apr 202530.0×40.0×
25 Apr 202532.7×40.0×
9 May 202530.1×40.0×
23 May 202535.2×40.0×
6 Jun 202541.0×40.0×
20 Jun 202542.2×40.0×
4 Jul 202542.7×40.0×
18 Jul 202547.1×40.0×
1 Aug 202548.5×40.0×
14 Aug 202548.0×40.0×
29 Aug 202547.8×40.0×
12 Sep 202549.9×40.0×
26 Sep 202551.8×40.0×
10 Oct 202552.3×40.0×
24 Oct 202553.7×40.0×
7 Nov 202554.6×40.0×
21 Nov 202551.2×40.0×
5 Dec 202549.2×40.0×
19 Dec 202547.2×40.0×
2 Jan 202649.4×40.0×
16 Jan 202648.2×40.0×
1 Feb 202642.2×40.0×
13 Feb 202643.7×40.0×
27 Feb 202642.3×40.0×
13 Mar 202637.9×40.0×
27 Mar 202638.8×40.0×
10 Apr 202640.4×40.0×
24 Apr 202640.4×40.0×
8 May 202637.0×40.0×
22 May 202636.6×40.0×
4 Jun 202636.6×40.0×
10 Jun 202636.3×40.0×
17 Jun 202636.1×40.0×
24 Jun 202635.8×40.0×
1 Jul 202635.1×40.0×
10 Jul 202634.4×40.0×
24 Jul 202634.4×40.0×
7 Aug 202638.1×40.0×
21 Aug 202638.2×40.0×
4 Sep 202637.2×40.0×
18 Sep 202634.4×40.0×
1 Oct 202634.0×40.0×
16 Oct 202636.2×40.0×
30 Oct 202634.4×40.0×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹12
Earnings per share, 12 months
WeekEarnings per share, 12 months
14 Nov 2020–
27 Nov 2020–
11 Dec 2020–
24 Dec 2020₹5
8 Jan 2021₹5
22 Jan 2021₹5
5 Feb 2021₹5
19 Feb 2021₹5
5 Mar 2021₹5
19 Mar 2021₹5
1 Apr 2021₹5
16 Apr 2021₹5
30 Apr 2021₹5
14 May 2021₹5
28 May 2021₹5
11 Jun 2021₹5
25 Jun 2021₹3
9 Jul 2021₹3
23 Jul 2021₹3
6 Aug 2021₹3
20 Aug 2021₹3
3 Sep 2021₹3
17 Sep 2021₹4
1 Oct 2021₹4
14 Oct 2021₹4
29 Oct 2021₹4
12 Nov 2021₹4
26 Nov 2021₹4
10 Dec 2021₹4
24 Dec 2021₹4
7 Jan 2022₹6
21 Jan 2022₹6
4 Feb 2022₹6
18 Feb 2022₹6
4 Mar 2022₹6
17 Mar 2022₹6
1 Apr 2022₹7
13 Apr 2022₹7
29 Apr 2022₹7
13 May 2022₹7
27 May 2022₹7
10 Jun 2022₹7
24 Jun 2022₹5
8 Jul 2022₹5
22 Jul 2022₹5
5 Aug 2022₹5
19 Aug 2022₹5
2 Sep 2022₹5
16 Sep 2022₹5
30 Sep 2022₹7
14 Oct 2022₹7
28 Oct 2022₹7
11 Nov 2022₹7
25 Nov 2022₹7
9 Dec 2022₹7
23 Dec 2022₹7
6 Jan 2023₹8
20 Jan 2023₹8
3 Feb 2023₹8
17 Feb 2023₹8
3 Mar 2023₹8
17 Mar 2023₹8
31 Mar 2023₹8
13 Apr 2023₹8
28 Apr 2023₹8
12 May 2023₹8
26 May 2023₹8
9 Jun 2023₹8
23 Jun 2023₹8
7 Jul 2023₹8
21 Jul 2023₹8
4 Aug 2023₹8
18 Aug 2023₹8
1 Sep 2023₹8
15 Sep 2023₹8
29 Sep 2023₹9
13 Oct 2023₹9
27 Oct 2023₹9
12 Nov 2023₹9
24 Nov 2023₹9
8 Dec 2023₹9
22 Dec 2023₹9
5 Jan 2024₹9
20 Jan 2024₹9
2 Feb 2024₹9
16 Feb 2024₹9
2 Mar 2024₹9
15 Mar 2024₹9
28 Mar 2024₹9
12 Apr 2024₹9
26 Apr 2024₹9
10 May 2024₹9
24 May 2024₹9
7 Jun 2024₹9
21 Jun 2024₹9
5 Jul 2024₹9
19 Jul 2024₹9
2 Aug 2024₹9
16 Aug 2024₹9
30 Aug 2024₹9
13 Sep 2024₹9
27 Sep 2024₹9
11 Oct 2024₹9
25 Oct 2024₹9
8 Nov 2024₹9
22 Nov 2024₹9
6 Dec 2024₹9
20 Dec 2024₹9
3 Jan 2025₹9
17 Jan 2025₹9
1 Feb 2025₹9
14 Feb 2025₹9
28 Feb 2025₹9
13 Mar 2025₹9
28 Mar 2025₹9
11 Apr 2025₹9
25 Apr 2025₹9
9 May 2025₹9
23 May 2025₹9
6 Jun 2025₹9
20 Jun 2025₹9
4 Jul 2025₹9
18 Jul 2025₹9
1 Aug 2025₹9
14 Aug 2025₹9
29 Aug 2025₹9
12 Sep 2025₹9
26 Sep 2025₹9
10 Oct 2025₹9
24 Oct 2025₹9
7 Nov 2025₹9
21 Nov 2025₹9
5 Dec 2025₹9
19 Dec 2025₹9
2 Jan 2026₹10
16 Jan 2026₹10
1 Feb 2026₹10
13 Feb 2026₹10
27 Feb 2026₹10
13 Mar 2026₹10
27 Mar 2026₹11
10 Apr 2026₹11
24 Apr 2026₹11
8 May 2026₹11
22 May 2026₹11
4 Jun 2026₹11
10 Jun 2026₹11
17 Jun 2026₹11
24 Jun 2026₹11
1 Jul 2026₹11
10 Jul 2026₹11
24 Jul 2026₹11
7 Aug 2026₹11
21 Aug 2026₹11
4 Sep 2026₹11
18 Sep 2026₹11
1 Oct 2026₹12
16 Oct 2026₹12
30 Oct 2026₹12
Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 6 years of history; short peaks above 57× are drawn at the top edge.

PEG 1.08: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 1.08×
  • PEG = 1.0 1.00×
PEG 1.08: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Q3 FY220.53×1.00×
Q4 FY220.40×1.00×
Q1 FY230.38×1.00×
Q2 FY230.38×1.00×
Q3 FY230.38×1.00×
Q4 FY230.38×1.00×
Q1 FY240.38×1.00×
Q2 FY240.38×1.00×
Q3 FY240.38×1.00×
Q4 FY240.79×1.00×
Q1 FY251.00×1.00×
Q2 FY251.00×1.00×
Q3 FY251.37×1.00×
Q4 FY251.30×1.00×
Q1 FY261.93×1.00×
Q2 FY261.23×1.00×
Q3 FY261.16×1.00×
Q4 FY260.89×1.00×
Q1 FY271.08×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 19 quarters.
34.5×P/E · lower than 86% of its last 6 years
1.05PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +27.9% while the price moved −20.4%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +15.5% a year; about +27.1% a year came from earnings growth and about −11.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Is the Sirca Paints India business getting better or worse?

Sirca Paints India Ltd's business is turning around. Profit growth has swung from −4.1% at its low to +28.8%, rising from a low 5 quarters ago, with ROCE steady at 20.5%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +32.3% in FY26, profit +32.7%

  • Revenue growth 32.3%
Growth year by year: revenue +32.3% in FY26, profit +32.7%
QuarterRevenue growth
FY20–
FY215.2%
FY2239%
FY2334.7%
FY2417.8%
FY2519.6%
FY2632.3%

Profit growth, EPS growth

  • Profit growth 32.7%
  • EPS growth 27.9%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY20––
FY21−32%−34%
FY2264.7%67%
FY2364.3%66.2%
FY2410.9%11.5%
FY25−3.9%−4.6%
FY2632.7%27.9%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue stabilising, profit accelerating

  • Revenue 24.2%
Three growth lines over twelve quarters: revenue stabilising, profit accelerating
QuarterRevenue
Sep 202320.8%
Dec 202318.8%
Mar 202416.9%
Jun 202414%
Sep 202416.9%
Dec 202419.9%
Mar 202519.9%
Jun 202528.6%
Sep 202528.3%
Dec 202528.9%
Mar 202631.6%
Jun 202624.2%

Profit, EPS

  • Profit 28.8%
  • EPS 22%
Profit, EPS
QuarterProfitEPS
Sep 202319.5%16.8%
Dec 202314%13.1%
Mar 202415.2%11.5%
Jun 20246.4%3%
Sep 2024−4.1%−4%
Dec 2024−4.1%−2%
Mar 2025−9.4%−4.7%
Jun 20254%8.8%
Sep 202521.3%23.1%
Dec 202529.8%27.2%
Mar 202635.4%29.1%
Jun 202628.8%22%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 20.5%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 202324.9%
Dec 202324.9%
Mar 202424.3%
Jun 202423%
Sep 202420.6%
Dec 202421.3%
Mar 202518.8%
Jun 202520.5%
Sep 202519.3%
Dec 202520.5%
Mar 202619.8%
Jun 202620.5%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +24.2%, range +14.0% to +31.6%
Steady highProfit growth · latest +28.8%, range −9.4% to +35.4%
Steady highEPS growth · latest +22.0%, range −4.7% to +29.1%
Steady highROCE · latest 20.5%, range 18.8% to 24.9%

Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+32.3%+23.1%+28.4%—
Profit+32.7%+12.2%+30.8%—
EPS+27.9%+10.8%+30.5%—
Share price−20.4%+3.3%+15.5%—
+14.0%Revenue growth (Jun 2026) · latest quarter against a year ago
+14.3%Profit growth (Jun 2026) · latest quarter against a year ago
24.2%Revenue, 6 years · yearly growth over the long run

How much does Sirca Paints India earn on its capital?

Sirca Paints India Ltd earned a ROCE of 20% in FY26. That is up from a low of 11% in FY21. Its return on capital used (ROIC) is 4.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 13.2% net margin and 0.84× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 13.2% net margin × 0.84× asset turnover × 1.24× leverage (assets divided by equity) ≈ 13.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 16.8% − 12.0% = +4.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

The 16.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 17.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROCE 20%, the climb back from FY21's 11%

  • ROCE 20%
  • ROIC (annual) 17.8%
  • Cost of capital 12%
FY26: ROCE 20%, the climb back from FY21's 11%
QuarterROCEROIC (annual)Cost of capital
FY2111%–12%
FY2218%18.2%12%
FY2325%27.1%12%
FY2424%25%12%
FY2519%16.9%12%
FY2620%17.8%12%
Return on capital employed each year, % (line); ROIC each year, % (line). 6-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q4 FY26: ROCE 17.2% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 17.2%
  • ROIC (12 months) 18.6%
  • Cost of capital 12.0%
Q4 FY26: ROCE 17.2% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q2 FY2421.8%26.5%12%
Q3 FY24–25.9%12%
Q4 FY2420.3%25%12%
Q1 FY25–25.2%12%
Q2 FY2517.4%23.3%12%
Q3 FY25–21.1%12%
Q4 FY2515.5%20.3%12%
Q1 FY26–19.1%12%
Q2 FY2615.4%19.1%12%
Q3 FY26–18.8%12%
Q4 FY2617.2%18.6%12%
Q1 FY27–18.6%12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Sirca Paints India have too much debt?

Sirca Paints India Ltd has total debt of ₹32.0 Cr against shareholder equity of ₹475 Cr as of Jun 2026, so its debt is 0.07× its equity, which is very little. Year by year, that ratio went from 0.00 in FY24 to 0.07 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt ₹32.0 Cr, 0.07× equity

  • Total debt ₹32.0
FY26: debt ₹32.0 Cr, 0.07× equity
QuarterTotal debt
FY24₹0
FY25₹50
FY26₹32

Debt-to-equity

  • Debt-to-equity 0.07×
Debt-to-equity
QuarterDebt-to-equity
FY240.00×
FY250.14×
FY260.07×
Top: total debt each year, ₹ Cr. Below: debt-to-equity, ×. 3-year window.

Jun 2026: debt ₹32.0 Cr, debt-to-equity 0.07

  • Total debt (quarterly) ₹32.0
Jun 2026: debt ₹32.0 Cr, debt-to-equity 0.07
QuarterTotal debt (quarterly)
Jun 2021₹13
Sep 2021₹12
Dec 2021₹12
Sep 2022₹0
Dec 2022₹0
Mar 2024₹0
Mar 2025₹50
Sep 2025₹45
Dec 2025₹45
Mar 2026₹32
Jun 2026₹32

Debt-to-equity

  • Debt-to-equity 0.07×
Debt-to-equity
QuarterDebt-to-equity
Jun 20210.06×
Sep 20210.06×
Dec 20210.06×
Sep 20220.00×
Dec 20220.00×
Mar 20240.00×
Mar 20250.14×
Sep 20250.10×
Dec 20250.10×
Mar 20260.07×
Jun 20260.07×
Top: total debt each quarter, ₹ Cr. Below: debt-to-equity, ×. Last 11 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the Sirca Paints India shareholding pattern?

Domestic institutions raised their stake in Sirca Paints India Ltd by 3.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 4.0% of the company. Promoters moved −2.4 points over the same period, to 65.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +3.3 points over 8 quarters, to 4.0%; Promoters: −2.4 points over 8 quarters, to 65.2%; Foreign institutions: +0.0 points over 8 quarters, to 4.6%.

Why the owners changed: domestic institutions drove it (+3.3 points), with the other side taken by promoters (−2.4 points). They raised their stake step by step.

Year ends: promoters −2.4 points from Mar 2024 to Mar 2026

  • Promoters 65.19%
  • Foreign inst. 6.29%
  • Domestic inst. 0%
  • Public 28.51%
Year ends: promoters −2.4 points from Mar 2024 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202467.55%5.48%0.75%26.22%
Mar 202567.55%4.28%0%28.17%
Mar 202665.19%6.29%0%28.51%
Shareholding at each year end (March quarter), % of the company. 3 year ends on file.

Domestic institutions raised their stake by 3.3 points over 8 quarters

  • Promoters 65.19%
  • Foreign inst. 4.64%
  • Domestic inst. 3.99%
  • Public 26.19%
Domestic institutions raised their stake by 3.3 points over 8 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Sep 202367.55%5.94%0%26.51%
Dec 202367.55%5.93%0.8%25.73%
Mar 202467.55%5.48%0.75%26.22%
Jun 202467.55%5.36%0.69%26.41%
Sep 202467.55%4.61%0.69%27.15%
Dec 202467.55%4.09%0%28.36%
Mar 202567.55%4.28%0%28.17%
Jun 202567.54%5.18%0%27.26%
Sep 202565.19%6.47%0.32%28.02%
Dec 202565.19%6.92%0.32%27.58%
Mar 202665.19%6.29%0%28.51%
Jun 202665.19%6.08%3.53%25.21%
Sep 202665.19%4.64%3.99%26.19%
Shareholding by owner group, % of the company, each quarter, last 13 quarters.

How far is Sirca Paints India from balance-sheet trouble?

For Sirca Paints India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does Sirca Paints India rank in its industry?

65.6 out of 100, rank 1 of 7 in Building Materials - Paints, with 96% of the evidence available.

Sirca Paints India Ltd scores 65.6 out of 100 against the 7 companies it is compared with in Building Materials - Paints, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 26.2 + 17.1 + 12.7 + 9.6 = 65.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Sirca Paints India compared with?

Sirca Paints India ranks 1 of 7 Building Materials - Paints companies on the 4-Factor Sector Score, with 65.6 out of 100.

  1. 1Sirca Paints India Ltd this pageSIRCA · losing its lead · Most evidence points up · 96% evidence65.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.2/35 · Revenue 24.2% · Profit 28.9% · Operating margin change -1 points · 88% evidenceCapital efficiency 17.1/25 · ROCE 20.3% · Operating margin 19% · 100% evidenceValuation 12.7/20 · P/E 34.4× · PEG 1.23 · 100% evidenceRelative strength 9.6/20 · Lead over its industry -5.7% · Lead over NIFTY 500 -3.8% · 1 year -21.9% · 100% evidence · 5 of 12 weeks aheadExact sum: 26.2 + 17.1 + 12.7 + 9.6 = 65.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2Asian Paints LtdASIANPAINT · quiet · Evidence leans up · 100% evidence59.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.3/35 · Revenue 12.4% · Profit 23.7% · Operating margin change -2 points · 100% evidenceCapital efficiency 22.8/25 · ROCE 26.3% · Operating margin 16% · 100% evidenceValuation 9.9/20 · P/E 45× · PEG 1.8 · 100% evidenceRelative strength 2.5/20 · Lead over its industry -6.9% · Lead over NIFTY 500 -5.1% · 1 year -7.6% · 100% evidence · 0 of 12 weeks aheadExact sum: 24.3 + 22.8 + 9.9 + 2.5 = 59.5 · What this means: Earnings are strong; relative strength in its sector is -6.9% and the one-year return is -7.6%.
  3. 3Indigo Paints LtdINDIGOPNTS · losing its lead · Evidence leans up · 85% evidence50.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 13.3/35 · Revenue 11.9% · Profit 4.9% · Operating margin change -6 points · 100% evidenceCapital efficiency 13.2/25 · ROCE 18.6% · Operating margin 9% · 100% evidenceValuation 12.8/20 · P/E 31× · PEG 1.92 · 100% evidenceRelative strength 11.3/20 · Lead over its industry — · Lead over NIFTY 500 1% · 1 year -0.3% · 25% evidence · 9 of 12 weeks aheadExact sum: 13.3 + 13.2 + 12.8 + 11.3 = 50.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Berger Paints India LtdBERGEPAINT · basing · Evidence leans down · 100% evidence45.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 14.8/35 · Revenue 5.2% · Profit 6.4% · Operating margin change -2.9 points · 100% evidenceCapital efficiency 14.8/25 · ROCE 21.6% · Operating margin 9.1% · 100% evidenceValuation 6.7/20 · P/E 44.2× · PEG 4.15 · 100% evidenceRelative strength 9.0/20 · Lead over its industry -3.1% · Lead over NIFTY 500 -1.3% · 1 year -14.2% · 100% evidence · 0 of 12 weeks aheadExact sum: 14.8 + 14.8 + 6.7 + 9 = 45.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5JSW Dulux LtdJSWDULUX · quiet · Evidence leans down · 85% evidence44.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.3/35 · Revenue -11.5% · Profit 100% · Operating margin change -3.3 points · 100% evidenceCapital efficiency 16.7/25 · ROCE 22.7% · Operating margin 9.7% · 100% evidenceValuation 4.0/20 · P/E 31.4× · PEG 3.75 · 100% evidenceRelative strength 8.0/20 · Lead over its industry — · Lead over NIFTY 500 -9.6% · 1 year — · 25% evidence · 3 of 12 weeks aheadExact sum: 15.3 + 16.7 + 4 + 8 = 44 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.
  6. 6Kansai Nerolac Paints LtdKANSAINER · basing · Evidence leans down · 78% evidence41.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 14.1/35 · Revenue 5.3% · Profit -46.5% · Operating margin change 0 points · 83% evidenceCapital efficiency 10.6/25 · ROCE 12% · Operating margin 14% · 76% evidenceValuation 14.1/20 · P/E 22.1× · PEG — · 50% evidenceRelative strength 3.0/20 · Lead over its industry -11.9% · Lead over NIFTY 500 -10.3% · 1 year -28.9% · 100% evidence · 0 of 12 weeks aheadExact sum: 14.1 + 10.6 + 14.1 + 3 = 41.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.
  7. 7Shalimar Paints LtdSHALPAINTS · leader · Evidence leans down · 71% evidence35.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 5.2/35 · Revenue -12% · Profit -33.3% · Operating margin change -15.3 points · 74% evidenceCapital efficiency 0.0/25 · ROCE -7.9% · Operating margin -20% · 100% evidenceValuation 10.0/20 · P/E — · PEG — · 0% evidenceRelative strength 20.0/20 · Lead over its industry 30.8% · Lead over NIFTY 500 32% · 1 year 1.5% · 100% evidence · 12 of 12 weeks aheadExact sum: 5.2 + 0 + 10 + 20 = 35.2 · What this means: Relative strength against the index is 32%, and revenue and profit growth are weak.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Building Materials - Paints, all 7 compared on one page.

Which companies are close to Sirca Paints India in size?

Sirca Paints India is the 6th largest of 7 Building Materials - Paints companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Asian Paints, Berger Paints India, Kansai Nerolac Paints, JSW Dulux and Indigo Paints. Just below it: Shalimar Paints.

Building Materials - Paints companies close in size

  1. Asian Paints Ltd ₹2,22,534 crore
  2. Berger Paints India Ltd ₹54,231 crore
  3. Kansai Nerolac Paints Ltd ₹14,259 crore
  4. JSW Dulux Ltd ₹13,436 crore
  5. Indigo Paints Ltd ₹4,760 crore
  6. Sirca Paints India Ltd ₹2,303 crore
  7. Shalimar Paints Ltd ₹666 crore

All 7 Building Materials - Paints companies, largest first

Companies close in size in other industries

  1. Sai Parenterals Ltd ₹2,306 crore · Pharma - Formulators
  2. Oswal Pumps Ltd ₹2,303 crore · Solar Pumps
  3. Sirca Paints India Ltd ₹2,303 crore
  4. Sundrop Brands Ltd ₹2,302 crore · FMCG - Foods
  5. Muthoot Microfin Ltd ₹2,300 crore · Finance & Investments - Microfinance

What else do people ask about Sirca Paints India?

What is Sirca Paints India's share price today?

Sirca Paints India Ltd's share price is ₹406.30, −20.4% over the past year. The whole company is worth ₹2,310 Cr on the market.

In the last 52 weeks it traded between ₹391 to ₹522; today it is 12% of the way up from the low, 4.4% below its 200-day average (as of 6 November 2026).

What were Sirca Paints India's latest quarterly results?

Sirca Paints India Ltd reported revenue of ₹130 Cr and net profit of ₹16.0 Cr for the Jun 2026 quarter. Revenue rose 14.0% and profit rose 14.3% compared with a year earlier. Earnings per share were ₹2.85.

The operating margin was 19.0%, 1.0 percentage points lower than a year earlier (as of 6 November 2026).

What is Sirca Paints India's market cap?

Sirca Paints India Ltd's market capitalisation is ₹2,310 Cr at a share price of ₹406.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 6 November 2026).

How is Sirca Paints India performing?

Sirca Paints India Ltd's share price has been falling for 2 weeks. In its latest quarter, revenue rose 14.0% and profit rose 14.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 1 week running (as of 6 November 2026).

Will Sirca Paints India's share price go up?

This page does not forecast Sirca Paints India Ltd's share price. What it shows instead: the share price is ₹406.30, and it has been falling for 2 weeks. Its P/E of 34.5× is higher than 14% of its own last 6 years (as of 6 November 2026).

Who owns Sirca Paints India?

Promoters own 65.2% of Sirca Paints India Ltd, foreign institutions 4.6%, domestic institutions 4.0% and the public 26.2% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 3.3 percentage points over 8 quarters (as of 6 November 2026).

Where is Sirca Paints India in its business cycle?

Sirca Paints India Ltd's FY26 operating margin was 20.0%, against a 7-year range of 9.0% to 23.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 19.0%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 6 November 2026).

What could break the Sirca Paints India story?

The main question: yearly earnings per share moved +27.9% while the share price moved −20.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 6 November 2026).

Is Sirca Paints India a stock worth studying right now?

What the numbers show: Sirca Paints India Ltd's earnings have grown faster than its share price. Earnings per share grew +27.9% in a year while the price moved −20.4%. The main open question: whether the price catches up with earnings that have already grown.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 6 November 2026).

Is there a Sirca Paints India share price forecast for 2026?

What management itself guided: FY27 consolidated revenue growth 25-30% based on yearly growth across brands and geographies.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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