| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 84 | 72 | 83 | 79 | 105 | 89 | 101 | 114 | 131 | 113 | 134 | 130 | |
Growth YoY Revenue Growth YoY% | 14.7 | 11.2 | 21.0 | 7.7 | 26.1 | 22.3 | 22.1 | 45.3 | 24.4 | 27.2 | 33.1 | 13.8 |
| 62 | 59 | 66 | 65 | 87 | 73 | 82 | 92 | 104 | 90 | 109 | 106 | |
| 21 | 14 | 16 | 14 | 19 | 15 | 19 | 23 | 27 | 23 | 26 | 24 | |
OPM OPM% | 25.4 | 19.0 | 19.7 | 17.9 | 18.0 | 17.4 | 18.8 | 19.8 | 20.9 | 20.4 | 19.1 | 18.6 |
| 1 | 2 | 2 | 1 | 1 | 2 | 1 | 0 | 1 | 1 | 1 | 2 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
PBT PBTCr | 21 | 14 | 17 | 14 | 18 | 16 | 18 | 19 | 24 | 20 | 23 | 22 |
| 5 | 3 | 4 | 4 | 5 | 4 | 4 | 5 | 6 | 5 | 5 | 6 | |
| 16 | 11 | 13 | 10 | 13 | 11 | 14 | 14 | 18 | 15 | 18 | 16 | |
Growth YoY PAT Growth YoY% | 7.6 | -0.2 | 32.0 | -20.9 | -14.4 | 9.0 | 12.8 | 39.1 | 36.3 | 31.1 | 25.3 | 14.2 |
NPM NPM% | 18.6 | 14.5 | 15.1 | 13.0 | 12.6 | 12.9 | 14.0 | 12.4 | 13.8 | 13.3 | 13.2 | 12.5 |
| 2.8 | 1.9 | 2.3 | 1.9 | 2.4 | 2.1 | 2.6 | 2.6 | 3.2 | 2.7 | 3.2 | 2.9 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 84 | 72 | 83 | 79 | 105 | 89 | 101 | 114 | 131 | 113 | 134 | 130 | |
Growth YoY Revenue Growth YoY% | 14.7 | 11.2 | 21.0 | 7.7 | 26.1 | 22.3 | 22.1 | 45.3 | 24.4 | 27.2 | 33.1 | 13.8 |
| 62 | 59 | 66 | 65 | 87 | 73 | 82 | 92 | 104 | 90 | 109 | 106 | |
| 21 | 14 | 16 | 14 | 19 | 15 | 19 | 23 | 27 | 23 | 26 | 24 | |
OPM OPM% | 25.4 | 19.0 | 19.7 | 17.9 | 18.0 | 17.4 | 18.8 | 19.8 | 20.9 | 20.4 | 19.1 | 18.6 |
| 1 | 2 | 2 | 1 | 1 | 2 | 1 | 0 | 1 | 1 | 1 | 2 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
PBT PBTCr | 21 | 14 | 17 | 14 | 18 | 16 | 18 | 19 | 24 | 20 | 23 | 22 |
| 5 | 3 | 4 | 4 | 5 | 4 | 4 | 5 | 6 | 5 | 5 | 6 | |
| 16 | 11 | 13 | 10 | 13 | 11 | 14 | 14 | 18 | 15 | 18 | 16 | |
Growth YoY PAT Growth YoY% | 7.6 | -0.2 | 32.0 | -20.9 | -14.4 | 9.0 | 12.8 | 39.1 | 36.3 | 31.1 | 25.3 | 14.2 |
NPM NPM% | 18.6 | 14.5 | 15.1 | 13.0 | 12.6 | 12.9 | 14.0 | 12.4 | 13.8 | 13.3 | 13.2 | 12.5 |
| 2.8 | 1.9 | 2.3 | 1.9 | 2.4 | 2.1 | 2.6 | 2.6 | 3.2 | 2.7 | 3.2 | 2.9 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 135 | 143 | 200 | 268 | 312 | 374 | 492 | 508 |
Growth Revenue Growth% | 6.0 | 39.7 | 33.9 | 16.4 | 19.9 | 31.8 | 24.2 | |
| 104 | 131 | 162 | 206 | 243 | 306 | 394 | 408 | |
| 31 | 12 | 38 | 62 | 69 | 67 | 99 | 100 | |
OPM OPM% | 23.0 | 8.5 | 18.9 | 23.1 | 22.0 | 18.1 | 20.1 | 19.7 |
| 6 | 14 | 4 | 5 | 6 | 5 | 4 | 5 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 |
Depreciation DepreciationCr | 2 | 4 | 4 | 4 | 6 | 7 | 11 | 11 |
PBT PBTCr | 34 | 23 | 38 | 62 | 69 | 65 | 87 | 90 |
| 9 | 6 | 10 | 16 | 18 | 16 | 22 | 23 | |
PAT PATCr | 25 | 17 | 28 | 46 | 51 | 49 | 65 | 67 |
Growth PAT Growth% | -34.1 | 67.2 | 66.3 | 11.6 | -4.6 | 32.5 | 26.3 | |
NPM NPM% | 18.6 | 11.6 | 13.9 | 17.2 | 16.5 | 13.1 | 13.2 | 13.2 |
| 4.6 | 3.0 | 5.1 | 4.2 | 9.4 | 8.9 | 11.6 | 11.9 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 135 | 143 | 200 | 268 | 312 | 374 | 492 | 508 |
Growth Revenue Growth% | 6.0 | 39.7 | 33.9 | 16.4 | 19.9 | 31.8 | 24.2 | |
| 104 | 131 | 162 | 206 | 243 | 306 | 394 | 408 | |
| 31 | 12 | 38 | 62 | 69 | 67 | 99 | 100 | |
OPM OPM% | 23.0 | 8.5 | 18.9 | 23.1 | 22.0 | 18.1 | 20.1 | 19.7 |
| 6 | 14 | 4 | 5 | 6 | 5 | 4 | 5 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 |
Depreciation DepreciationCr | 2 | 4 | 4 | 4 | 6 | 7 | 11 | 11 |
PBT PBTCr | 34 | 23 | 38 | 62 | 69 | 65 | 87 | 90 |
| 9 | 6 | 10 | 16 | 18 | 16 | 22 | 23 | |
PAT PATCr | 25 | 17 | 28 | 46 | 51 | 49 | 65 | 67 |
Growth PAT Growth% | -34.1 | 67.2 | 66.3 | 11.6 | -4.6 | 32.5 | 26.3 | |
NPM NPM% | 18.6 | 11.6 | 13.9 | 17.2 | 16.5 | 13.1 | 13.2 | 13.2 |
| 4.6 | 3.0 | 5.1 | 4.2 | 9.4 | 8.9 | 11.6 | 11.9 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 27 | 27 | 27 | 27 | 55 | 55 | 57 |
Reserves ReservesCr | 157 | 174 | 198 | 238 | 254 | 295 | 418 |
| 25 | 53 | 37 | 46 | 42 | 58 | 74 | |
| 0 | 0 | 0 | 1 | 1 | 43 | 39 | |
| 210 | 255 | 262 | 312 | 351 | 451 | 589 | |
| 154 | 209 | 205 | 249 | 283 | 279 | 387 | |
| 56 | 46 | 57 | 63 | 68 | 172 | 202 | |
| 210 | 255 | 262 | 312 | 351 | 451 | 589 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 27 | 27 | 27 | 27 | 55 | 55 | 57 |
Reserves ReservesCr | 157 | 174 | 198 | 238 | 254 | 295 | 418 |
| 25 | 53 | 37 | 46 | 42 | 58 | 74 | |
| 0 | 0 | 0 | 1 | 1 | 43 | 39 | |
| 210 | 255 | 262 | 312 | 351 | 451 | 589 | |
| 154 | 209 | 205 | 249 | 283 | 279 | 387 | |
| 56 | 46 | 57 | 63 | 68 | 172 | 202 | |
| 210 | 255 | 262 | 312 | 351 | 451 | 589 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| -8 | 19 | 35 | -19 | 42 | 54 | 44 | |
| 5 | 15 | -11 | 9 | -21 | -45 | -70 | |
| -8 | 0 | -17 | -6 | -8 | -8 | 39 | |
Net Cash Flow Net Cash FlowCr | -11 | 34 | 7 | -15 | 12 | 1 | 14 |
Free Cash Flow Free Cash FlowCr | -29 | 26 | 19 | -29 | 32 | -53 | 17 |
CFO To PAT CFO To PAT% | -30.1 | 115.8 | 126.8 | -40.6 | 81.7 | 110.6 | 68.3 |
CFO To EBITDA CFO To EBITDA% | -24.4 | 157.8 | 93.1 | -30.3 | 61.1 | 80.5 | 44.9 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| -8 | 19 | 35 | -19 | 42 | 54 | 44 | |
| 5 | 15 | -11 | 9 | -21 | -45 | -70 | |
| -8 | 0 | -17 | -6 | -8 | -8 | 39 | |
Net Cash Flow Net Cash FlowCr | -11 | 34 | 7 | -15 | 12 | 1 | 14 |
Free Cash Flow Free Cash FlowCr | -29 | 26 | 19 | -29 | 32 | -53 | 17 |
CFO To PAT CFO To PAT% | -30.1 | 115.8 | 126.8 | -40.6 | 81.7 | 110.6 | 68.3 |
CFO To EBITDA CFO To EBITDA% | -24.4 | 157.8 | 93.1 | -30.3 | 61.1 | 80.5 | 44.9 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 507 | 866 | 1,274 | 1,765 | 1,559 | 1,325 | 2,281 | 2,297 |
Price To Earnings Price To Earnings | 20.2 | 52.2 | 45.9 | 38.3 | 30.3 | 27.0 | 35.1 | 33.9 |
Price To Sales Price To Sales | 3.8 | 6.0 | 6.4 | 6.6 | 5.0 | 3.5 | 4.6 | 4.5 |
Price To Book Price To Book | 2.8 | 4.3 | 5.7 | 6.7 | 5.0 | 3.8 | 4.8 | 4.8 |
EV To EBITDA EV To EBITDA | 14.7 | 65.7 | 31.6 | 27.8 | 21.7 | 19.6 | 22.8 | 22.6 |
GPM GPM% | 46.7 | 40.3 | 37.8 | 41.6 | 42.1 | 40.5 | 40.3 | 40.3 |
OPM OPM% | 23.0 | 8.5 | 18.9 | 23.1 | 22.0 | 18.1 | 20.1 | 19.7 |
NPM NPM% | 18.6 | 11.6 | 13.9 | 17.2 | 16.5 | 13.1 | 13.2 | 13.2 |
ROCE ROCE% | 18.6 | 10.6 | 16.9 | 23.4 | 22.4 | 16.4 | 18.1 | 18.1 |
ROE ROE% | 13.6 | 8.2 | 12.3 | 17.4 | 16.7 | 14.0 | 13.7 | 13.7 |
ROA ROA% | 12.0 | 6.5 | 10.6 | 14.8 | 14.7 | 10.9 | 11.0 | 11.0 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 507 | 866 | 1,274 | 1,765 | 1,559 | 1,325 | 2,281 | 2,297 |
Price To Earnings Price To Earnings | 20.2 | 52.2 | 45.9 | 38.3 | 30.3 | 27.0 | 35.1 | 33.9 |
Price To Sales Price To Sales | 3.8 | 6.0 | 6.4 | 6.6 | 5.0 | 3.5 | 4.6 | 4.5 |
Price To Book Price To Book | 2.8 | 4.3 | 5.7 | 6.7 | 5.0 | 3.8 | 4.8 | 4.8 |
EV To EBITDA EV To EBITDA | 14.7 | 65.7 | 31.6 | 27.8 | 21.7 | 19.6 | 22.8 | 22.6 |
GPM GPM% | 46.7 | 40.3 | 37.8 | 41.6 | 42.1 | 40.5 | 40.3 | 40.3 |
OPM OPM% | 23.0 | 8.5 | 18.9 | 23.1 | 22.0 | 18.1 | 20.1 | 19.7 |
NPM NPM% | 18.6 | 11.6 | 13.9 | 17.2 | 16.5 | 13.1 | 13.2 | 13.2 |
ROCE ROCE% | 18.6 | 10.6 | 16.9 | 23.4 | 22.4 | 16.4 | 18.1 | 18.1 |
ROE ROE% | 13.6 | 8.2 | 12.3 | 17.4 | 16.7 | 14.0 | 13.7 | 13.7 |
ROA ROA% | 12.0 | 6.5 | 10.6 | 14.8 | 14.7 | 10.9 | 11.0 | 11.0 |
Documents — Sirca Paints India Ltd
Concall Transcript Summaries — Sirca Paints India Ltd