Annual reportAug 2026
Aug 2026 · Reg. 34 (1) Annual Report. 2d - Sirca Paints filed FY26 annual report; 21st AGM on 11 Aug 2026 via VC/OAVM, e-voting 6–10 Aug.
Source: Bse
Sirca Paints India Limited (SIRCA)
Small CapIndustrials stocks · Small cap · NSE
Sirca Paints India Limited operates in Fertilizers, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result28 Jul, 08:49 pm IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
42NeutralSMA20 -3.4% / mo · MACD +
Stock trend: 41
Sector RS: 45
Sector 3M: -7.6% vs Nifty 500 -5.8%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SIRCAD candles · FIT view-0.9%Latest close ₹430.05 on 2026-10-21
Bar
-1.3%
RSI
59
MACD hist
3.73
52W pos
29%
2026-10-21O ₹435.50H ₹437.70L ₹426.10C ₹430.05Vol 4.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SIRCANifty India ManufacturingNifty 500
- SIRCA
- +8.1%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- +14.6 pp
Chart stats
21 Oct 2026- From 52W high
- -20.2%
- 52W range position
- 29%
- ATR (14)
- 2.5%
- Volume vs 20D
- 2.20x
- Avg traded value
- ₹8.2 Cr
- 20D price channel
- ₹397 - ₹441.4
₹539
₹385 - ₹539
₹11
Latest completed session
20-session average
25.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE51
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average32
Revenue +14.0% · PAT +14.3% YoY
Technical
Neutral42
Price trend and sector-relative-strength timing.
Valuation
Legacy model+7.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence84
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 32/100margin compression · Rev +14% YoY · PAT +14% YoY
Filed 28 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹130 Cr | +14.0% | -3.0% |
| EBITDA | ₹24 Cr | +4.3% | -7.7% |
| Operating margin | 19.0% | -100 bps | +0 bps |
| PAT | ₹16 Cr | +14.3% | -11.1% |
| PAT margin | 12.3% | +3 bps | -112 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 34.10
- P/B
- 4.80
- EV/EBITDA
- 20.87
- Market Cap
- 2285.00Cr
Profitability
- ROE
- 15.80%
- ROCE
- 20.30%
- ROA
- 11.38%
- Dividend Y
- 0.50%
Growth (CAGR)
- Revenue 5Y
- 28.00%
- EPS 5Y
- 32.00%
- Revenue 3Y
- 23.00%
- EPS 3Y
- 12.00%
Balance Sheet
- Debt/Equity
- 0.07
- Interest Coverage
- 20.00×
- Altman Z
- 8.71
- Book Value
- 83.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- 44.00 Cr
- EPS TTM
- 11.80
Shareholding
- Promoter Hold
- 65.19%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 130-3.0% vs prev
Net Profit
₹ CrLatest: 16.0-11.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 59. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~3.6% over last month) — short-term momentum negative.
- RSI(14) at 59 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 20% off 52W high · 12% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
56
RS percentile
Stage 1 Base / Transition
1M return
+6.3%
3M return
+8.1%
6M return
-2.2%
1Y return
-16.0%
RS 1D
+2
RS 20D
+20
Sector rank
#2
Industry rank
#51
Stage evidence
- Price is within 2.4% of the 30-week proxy.
- The 30-week proxy changed -0.8% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price above
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 93.29-0.21%
RS vs Nifty 50093
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation2/30
Growth17/25
Quality11/20
Balance Sheet11/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
51
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
51/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 11/15 to the score.
- Growth contributes 17/25 to the score.
Main drags
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Quality is weaker at 11/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
34.1
PB
4.8
EV/EBITDA
20.9
ROE
15.8%
ROCE
20.3%
FCF Yield
—
Debt/Equity
0.1
MoS
+7.3%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
51
Previous: 51
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+7.3%
Previous: +7.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
53
53
53
51
51
51
51
51
51
51
51
51
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹149.07
-188.5% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹463.74
+7.3% MoS
PEG
1.42
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
STALLION
Small
Stallion India Fluorochemicals Limited
Fertilizers & Agrochemicals
match 169
37
50.0
8.9%
-12%
WATCHLIST
SHREEPUSHK
Small
Shree Pushkar Chemicals & Fertilisers Limited
Fertilizers & Agrochemicals
match 169
47
22.2
12.1%
+45%
FAIR VALUE
MANALIPETC
Small
Manali Petrochemicals Limited
Fertilizers & Agrochemicals
match 168
47
12.6
4.4%
-281%
FAIR VALUE
PUNJABCHEM
Small
Punjab Chemicals & Crop Protection Limited
Fertilizers & Agrochemicals
match 167
43
19.0
16.6%
-29%
WATCHLIST
ULTRAMAR
Small
Ultramarine & Pigments Limited
Fertilizers & Agrochemicals
match 167
55
13.1
8.6%
+27%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Sirca Paints India Limited operates in Fertilizers, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
84Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 97th percentile of the scored universe and 97th percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
51 docs text-extracted · 17 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
97th percentile
overall median 67 · Industrials: 97th pctile, median 68 · Small: 98th pctile, median 66
Evidence depth
Financial-only
51 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
82
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 65.2%.
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
- ▸Debt/equity is 0.07.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Sirca Paints India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportAug 2026
Aug 2026 · TWENTY-FIRST ANNUAL GENERAL MEETING ('AGM') OF THE MEMBERS OF SIRCA PAINTS INDIA LIMITED WILL BE HELD ON TUESDAY, AUGUST 11, 2026 AT 12:30 P.M. IST THROUGH VIDEO CONFERENCING ('VC') / OTHER AUDIO-VISUAL MEANS ('OAVM') 2d - FY26 annual report filed; 21st AGM on August 11, 2026 via VC/OAVM.
Source: Bse
Annual reportAug 2026
Aug 2026 · Board Meeting Outcome for Outcome Of The Board Meeting 2d - Board approved FY26 annual report and scheduled 21st AGM on August 11, 2026 via VC/OAVM.
Source: Bse
Investor presentationJul 2026
Jul 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jul - Please find the enclosed Newspaper Publication for Transfer of Equity Shares of Shareholders to Investor Education and Protection fund (IEPF)
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Jun
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May - Newspaper Publication- Special Window for Re-lodgement of Transfer Requests of Physical Shares
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.