Sirca Paints India Ltd
NSE:SIRCA
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Sirca Paints India Ltd
Sirca Paints India Ltd. engages in the manufacture of wood coatings and wall paints. The company is headquartered in Delhi, Delhi and currently employs 395 full-time employees. The company went IPO on 2018-05-30. The firm is principally involved in manufacturing, sales, and exports of wood coatings and other decorative paints under the brands Sirca, Unico, and others. The firm is involved in the business of import and distribution of total product range of Sirca S.P.A. Italy. Its product range includes polyurethane coatings (PU) products, stains, acrylic polyurethane coatings (PU), polyester, Wall paints, and ultraviolet (U.V.) products. Its paints and textures include interior, exterior, wall primer, finishes/effects, and wall putty. Its interior products include SIRCA AMORE GLOSS Emulsion, SIRCA DOUBLE FACE Emulsion, and SIRCA FRESCO MATT. Its exterior products include SIRCA ROSSA Weatherproof Emulsion, and SIRCA STELLAR Economy Emulsion. The company also provides wood coatings, metal coating, and glass coatings.
Sirca Paints India Ltd. engages in the manufacture of wood coatings and wall paints. The company is headquartered in Delhi, Delhi and currently employs 395 full-time employees. The company went IPO on 2018-05-30. The firm is principally involved in manufacturing, sales, and exports of wood coatings and other decorative paints under the brands Sirca, Unico, and others. The firm is involved in the business of import and distribution of total product range of Sirca S.P.A. Italy. Its product range includes polyurethane coatings (PU) products, stains, acrylic polyurethane coatings (PU), polyester, Wall paints, and ultraviolet (U.V.) products. Its paints and textures include interior, exterior, wall primer, finishes/effects, and wall putty. Its interior products include SIRCA AMORE GLOSS Emulsion, SIRCA DOUBLE FACE Emulsion, and SIRCA FRESCO MATT. Its exterior products include SIRCA ROSSA Weatherproof Emulsion, and SIRCA STELLAR Economy Emulsion. The company also provides wood coatings, metal coating, and glass coatings.
Revenue Growth: Sirca Paints reported Q2 FY'26 revenue of INR 131.17 crores, up 24.37% year-on-year, driven by a better product mix and high-value sales.
Profitability: EBITDA rose 44.52% YoY to INR 27.40 crores, with margins up to 20.89%. Profit after tax increased 36.3% YoY to INR 18.10 crores.
Guidance Raised: Revenue growth guidance for FY'26 was increased to 35–40% due to consolidation of Wembley, up from previous guidance of 25–30%.
Expansion & Integration: Major operational integration and capacity expansion for the Wembley brand is underway, with a new facility expected to be operational by Q4 FY'26.
Strategic Partnership: The company extended its agreement with Sirca S.p.A. Italy until 2041, ensuring continued technical collaboration and local production.
Market Position: Sirca holds a 45% market share in luxury wood coatings in Delhi NCR and is expanding geographically and into new product segments.
Working Capital: Temporary increase in receivables due to Wembley integration; working capital cycle expected to normalize to 95–100 days next year.
