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Earnings Call

Sirca Paints India Earnings Call: Key Takeaways

Sirca Paints reports robust Q4FY26 growth with Revenue up 33% and PAT up 25%. Management is transitioning from a trading-led to a manufacturing-focused model, indigenizing 95% of products.

Highlights
Revenue growthGuided 25-30% CAGR growth minimum.
MarginsEBITDA margins guided 19-21% despite RM volatility.
Demand visibilityStrong traction in acrylic coatings; outperforming broader paints market.
Management confidenceHigh; citing demand shift to PU and furniture production scaling.

Growth

FY26 Revenue increased 31.79% to ₹492.48cr; EBITDA grew 46.62% to ₹98.88cr; PAT rose 32.48% to ₹65.05cr.

Outlook

Minimum 25-30% revenue growth guidance; target of ₹1000cr revenue by FY29; EBITDA margins expected between 19-21%.

Risks

Short-term margin pressure from volatile crude-linked raw materials and supply disruptions in nitrocellulose cotton for defense use.

Source

Earnings Call filed with BSE, NSE: SIRCA. Summary written with AI assistance from the document.

Read the document ↗

Sirca Paints India Ltd: key numbers

Share price
₹410.30
Market cap
₹2,330 Cr
Revenue (annual)
₹492.5 Cr
Net profit (annual)
₹65.02 Cr
P/E (TTM)
34.8×Sector 45.9×
Promoter holding
65.19%+0.00% QoQ
FII holding
6.08%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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