India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,545 Sanjay Agarwal & family ₹1,300 Cr
Market Cap
₹2,442 Cr
SIRCA · NSE
Share Price
₹420.20
-2.29% today
Revenue
₹492 Cr
FY 2025-26 · +31.8% YoY
EBITDA
₹98.84 Cr
Margin 20.1%
Net Profit
₹65.01 Cr
FY 2025-26 · +32.4% YoY
P/E (TTM)
36.9x
P/B 5.2x
ROE
15.8%
ROCE 20.0%
Debt / Equity
0.10
Interest cover 5.5x
About Sirca Paints India Limited
Data last updated:
Sirca Paints India Limited is a public limited company based in Delhi, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 19 January 2006 and has been in existence for over 20 years.
Its director Sanjay Agarwal and family are #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L24219DL2006PLC145092. Its GSTIN is 09AAKCS5389M1ZD (Uttar Pradesh). The company holds 10 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543686 and NSE: SIRCA.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹56.79 Cr. It was formerly known as Sirca Paints India Private Limited and Sircolor Wood Coatings Private Limited. It is led by directors including Sanjay Agarwal (Managing Director) and Apoorv Agarwal (Managing Director).
Its last annual general meeting (AGM) was held on 11 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at G – 82 Kirti Nagar, Delhi, India – 110015.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹492.48 Cr, a growth of 31.8% compared to the previous year. For the same year it recorded a net profit of ₹65.01 Cr (net margin 13.2%) and EBITDA of ₹98.84 Cr (EBITDA margin 20.1%). The net worth stands at ₹475.11 Cr (up 35.9% YoY). Total assets are valued at ₹521 Cr (up 30% YoY).
The company has about 589 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹68 Cr and satisfied charges of ₹75.28 Cr on record. Court records list 155 cases involving the company, including 147 filed by the company and 8 filed against it; 68 cases are pending. The company has 22 deals on record (11 market trades, 7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹16 Cr; the latest was in May 2026. Its 8 peer companies in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Sheenlac Paints Limited with revenue of ₹559.52 Cr. The company has 7 MSME Form 1 returns on record between 2020 and 2022, listing 541 overdue payments to 44 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sircolor.in.
Company details
CIN L24219DL2006PLC145092
Registration Number 145092
Incorporation Date 19 January 2006
ROC Delhi
Listing Status Listed - Listed on NSE (SIRCA); Listed on BSE (543686)
Company Status Active
Date of Last AGM 11 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Sirca Paints India has undergone 2 name changes throughout its history. The company was previously known as Sirca Paints India Private Limited, and Sircolor Wood Coatings Private Limited. The current legal name is Sirca Paints India Limited.
| Company Name | Status |
|---|---|
| Sirca Paints India Limited | Current |
| Sirca Paints India Private Limited | Previous |
| Sircolor Wood Coatings Private Limited | Previous |
CIN history
Sirca Paints India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24219DL2006PLC145092, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24219DL2006PLC145092 | Current |
| U24219DL2006PTC145092 | Previous |
| U24219DL2006PLC145092 | Previous |
Key People
Sanjay Agarwal Managing Director Apoorv Agarwal Managing Director Gurjit Bains Singh Director Recognitions & Rankings of Sirca Paints India
Contact details
Sirca Paints India Limited's registered office is in Delhi, Delhi. Its website is sircolor.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressG – 82 Kirti Nagar, Delhi, India – 110015
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Sirca Paints India Limited, buy the company report.
Comprehensive company report
Sirca Paints India Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activities of Sirca Paints India are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sirca Paints India Limited, buy the company report.
Financials of Sirca Paints India Limited
FY 2025-26 filings availableSirca Paints India Limited reported revenue of ₹492.48 Cr (up 31.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹492 Cr
+31.8% YoY
EBITDA
₹98.84 Cr
+46.6% YoY
Profit After Tax
₹65.01 Cr
+32.4% YoY
Net Worth
₹475 Cr
+35.9% YoY
Total Assets
₹521 Cr
+30.0% YoY
Total Debt
₹32.32 Cr
-35.4% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 492 | 374 | 312 | 268 | 200 | 143 | 135 |
| Revenue growth | +31.8% | +19.9% | +16.4% | +33.9% | +39.7% | +6.0% | - |
| EBITDA | 98.84 | 67.44 | 68.68 | 61.70 | 37.76 | 12.25 | 31.07 |
| EBITDA margin | +20.1% | +18.1% | +22.0% | +23.0% | +18.9% | +8.6% | +23.0% |
| Profit before tax | 87.08 | 65.48 | 69.07 | 62.09 | 37.95 | 22.56 | 34.18 |
| Net profit | 65.01 | 49.09 | 51.31 | 46.08 | 28.05 | 16.41 | 24.68 |
| Net profit margin | +13.2% | +13.1% | +16.5% | +17.2% | +14.0% | +11.5% | +18.3% |
| EPS (₹) | 11.45 | 8.95 | 9.38 | 16.82 | 10.12 | 6.05 | 9.18 |
| Balance sheet | |||||||
| Total assets | 521 | 401 | 309 | 266 | 225 | 215 | 185 |
| Net worth | 475 | 350 | 309 | 265 | 225 | 202 | 185 |
| Total debt | 32.32 | 50.00 | 0.00 | 0.00 | 0.00 | 13.20 | 0.08 |
| Cash & bank | 57.98 | 54.20 | 69.66 | 51.74 | 82.60 | 78.87 | 49.86 |
| Net working capital | 269 | 227 | 197 | 203 | 168 | 169 | 129 |
| Cash flow | |||||||
| Cash from operations | 44.41 | 54.26 | 42.00 | (18.70) | 35.16 | 19.20 | (7.56) |
| Cash from investing | (69.75) | (45.32) | (21.41) | 9.38 | (11.06) | 14.84 | 4.81 |
| Cash from financing | 38.83 | (8.40) | (8.24) | (5.52) | (17.38) | (0.10) | (8.46) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 130 | 134 | 113 | 131 | 114 | 101 | 88.65 | 105 |
| Revenue growth (YoY) | +13.8% | +33.1% | +27.2% | +24.4% | +45.3% | - | - | - |
| Other income | 1.61 | 1.22 | 1.39 | 1.04 | 0.21 | 1.00 | 1.90 | 0.84 |
| EBITDA | 24.21 | 25.70 | 23.01 | 27.40 | 22.56 | 18.97 | 15.45 | 18.95 |
| EBITDA margin | +18.6% | +19.1% | +20.4% | +20.9% | +19.7% | +18.8% | +17.4% | +18.0% |
| Depreciation | 2.69 | 2.93 | 2.72 | 2.62 | 2.48 | 1.77 | 1.80 | 1.82 |
| Interest | 0.99 | 1.00 | 1.26 | 1.36 | 1.10 | 0.16 | 0.01 | 0.01 |
| Profit before tax | 22.14 | 22.99 | 20.42 | 24.46 | 19.19 | 18.04 | 15.54 | 17.96 |
| Tax | 5.93 | 5.30 | 5.39 | 6.36 | 4.99 | 3.94 | 4.08 | 4.68 |
| Net profit | 16.21 | 17.69 | 15.03 | 18.10 | 14.20 | 14.10 | 11.46 | 13.28 |
| EPS (₹) | 2.85 | 3.16 | 2.69 | 3.24 | 2.59 | 2.57 | 2.09 | 2.42 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 492 | 374 | 312 | 268 | 200 | 143 | 135 |
| Revenue growth | +31.8% | +19.9% | +16.4% | +33.9% | +39.7% | +6.0% | - |
| EBITDA | 98.89 | 67.44 | 68.68 | 61.71 | 37.79 | 12.27 | 31.07 |
| EBITDA margin | +20.1% | +18.1% | +22.0% | +23.1% | +18.9% | +8.6% | +23.0% |
| Profit before tax | 87.13 | 65.48 | 69.07 | 62.10 | 37.96 | 22.60 | 34.18 |
| Net profit | 65.04 | 49.14 | 51.31 | 46.09 | 28.06 | 16.44 | 24.68 |
| Net profit margin | +13.2% | +13.2% | +16.5% | +17.2% | +14.0% | +11.5% | +18.3% |
| EPS (₹) | 11.45 | 8.96 | 9.38 | 16.83 | 10.12 | 6.06 | 9.18 |
| Balance sheet | |||||||
| Total assets | 521 | 401 | 309 | 266 | 225 | 215 | 185 |
| Net worth | 475 | 350 | 309 | 266 | 225 | 202 | 185 |
| Total debt | 32.32 | 50.00 | 0.00 | 0.00 | 0.00 | 13.20 | 0.08 |
| Cash & bank | 57.98 | 54.16 | 69.61 | 51.68 | 82.54 | 78.81 | 49.86 |
| Net working capital | 269 | 227 | 197 | 203 | 168 | 169 | 132 |
| Cash flow | |||||||
| Cash from operations | 44.45 | 54.27 | 42.00 | (18.69) | 35.16 | 19.24 | (7.56) |
| Cash from investing | (69.75) | (45.32) | (21.41) | 9.38 | (11.06) | 14.74 | 4.81 |
| Cash from financing | 38.83 | (8.40) | (8.24) | (5.52) | (17.38) | (0.10) | (8.46) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 130 | 134 | 113 | 131 | 114 | 101 | 88.65 | 105 |
| Revenue growth (YoY) | +13.8% | +33.1% | +27.2% | +24.4% | +45.3% | - | - | - |
| Other income | 1.61 | 1.22 | 1.39 | 1.04 | 0.21 | 1.00 | 1.90 | 0.84 |
| Total expenses | 106 | 109 | 89.77 | 104 | 91.68 | 81.95 | 73.20 | 86.51 |
| EBITDA | 24.21 | 25.74 | 23.02 | 27.40 | 22.56 | 18.97 | 15.45 | 18.95 |
| EBITDA margin | +18.6% | +19.2% | +20.4% | +20.9% | +19.7% | +18.8% | +17.4% | +18.0% |
| Depreciation | 2.69 | 2.93 | 2.72 | 2.62 | 2.48 | 1.77 | 1.80 | 1.82 |
| Interest | 0.99 | 1.00 | 1.26 | 1.36 | 1.10 | 0.16 | 0.01 | 0.01 |
| Profit before tax | 22.14 | 23.03 | 20.43 | 24.46 | 19.19 | 18.04 | 15.54 | 17.96 |
| Tax | 5.93 | 5.31 | 5.39 | 6.36 | 4.99 | 3.89 | 4.08 | 4.68 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 130 | 134 | 113 | 131 | 114 | 101 | 88.65 | 105 |
| Revenue growth (YoY) | +13.8% | +33.1% | +27.2% | +24.4% | +45.3% | - | - | - |
| Other income | 1.61 | 1.22 | 1.39 | 1.04 | 0.21 | 1.00 | 1.90 | 0.84 |
| EBITDA | 24.21 | 25.70 | 23.01 | 27.40 | 22.56 | 18.97 | 15.45 | 18.95 |
| EBITDA margin | +18.6% | +19.1% | +20.4% | +20.9% | +19.7% | +18.8% | +17.4% | +18.0% |
| Depreciation | 2.69 | 2.93 | 2.72 | 2.62 | 2.48 | 1.77 | 1.80 | 1.82 |
| Interest | 0.99 | 1.00 | 1.26 | 1.36 | 1.10 | 0.16 | 0.01 | 0.01 |
| Profit before tax | 22.14 | 22.99 | 20.42 | 24.46 | 19.19 | 18.04 | 15.54 | 17.96 |
| Tax | 5.93 | 5.30 | 5.39 | 6.36 | 4.99 | 3.94 | 4.08 | 4.68 |
| Net profit | 16.21 | 17.69 | 15.03 | 18.10 | 14.20 | 14.10 | 11.46 | 13.28 |
| EPS (₹) | 2.85 | 3.16 | 2.69 | 3.24 | 2.59 | 2.57 | 2.09 | 2.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 492 | 374 | 312 | 268 | 200 | 143 | 135 |
| Revenue growth | +31.8% | +19.9% | +16.4% | +33.9% | +39.7% | +6.0% | - |
| Other income | 3.87 | 5.16 | 6.36 | 4.84 | 4.40 | 14.15 | 5.61 |
| Total expenses | 394 | 306 | 243 | 206 | 162 | 131 | 104 |
| Employee cost | 48.82 | 40.99 | 30.48 | 22.67 | 17.65 | 14.73 | 12.57 |
| EBITDA | 98.84 | 67.44 | 68.68 | 61.70 | 37.76 | 12.25 | 31.07 |
| EBITDA margin | +20.1% | +18.1% | +22.0% | +23.0% | +18.9% | +8.6% | +23.0% |
| Depreciation | 10.74 | 6.95 | 5.95 | 4.41 | 4.13 | 3.66 | 2.40 |
| Interest | 4.89 | 0.17 | 0.02 | 0.04 | 0.08 | 0.18 | 0.10 |
| Profit before tax | 87.08 | 65.48 | 69.07 | 62.09 | 37.95 | 22.56 | 34.18 |
| Tax | 22.05 | 16.42 | 17.63 | 16.00 | 10.23 | 5.98 | 9.02 |
| Net profit | 65.01 | 49.09 | 51.31 | 46.08 | 28.05 | 16.41 | 24.68 |
| Net profit margin | +13.2% | +13.1% | +16.5% | +17.2% | +14.0% | +11.5% | +18.3% |
| EPS (₹) | 11.45 | 8.95 | 9.38 | 16.82 | 10.12 | 6.05 | 9.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 56.79 | 54.81 | 54.81 | 27.40 | 27.40 | 27.40 | 27.40 |
| Reserves & surplus | 418 | 295 | 254 | 238 | 198 | 174 | 157 |
| Shareholders' funds (net worth) | 475 | 350 | 309 | 265 | 225 | 202 | 185 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.20 | 0.08 |
| Unsecured loans | 32.32 | 50.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 32.32 | 50.00 | 0.00 | 0.00 | 0.00 | 13.20 | 0.08 |
| Total liabilities | 521 | 401 | 309 | 266 | 225 | 215 | 185 |
| Assets | |||||||
| Gross block | 207 | 190 | 78.62 | 69.97 | 64.26 | 49.03 | 55.85 |
| Net block | 174 | 164 | 58.27 | 54.48 | 53.13 | 40.67 | 50.31 |
| Capital work in progress | 10.26 | 0.22 | 5.84 | 5.43 | 1.24 | 1.86 | 0.00 |
| Investments | 57.29 | 2.00 | 43.86 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 111 | 108 | 95.34 | 100 | 69.69 | 64.95 | 51.45 |
| Sundry debtors | 155 | 93.30 | 65.54 | 51.36 | 45.63 | 43.05 | 45.59 |
| Cash & bank balances | 57.98 | 54.20 | 69.66 | 51.74 | 82.60 | 78.87 | 49.86 |
| Loans & advances | 13.51 | 21.08 | 8.48 | 45.49 | 7.06 | 22.07 | 7.24 |
| Total current assets | 337 | 277 | 239 | 249 | 205 | 209 | 154 |
| Total current liabilities | 67.94 | 49.99 | 41.61 | 45.92 | 37.17 | 39.68 | 24.91 |
| Net working capital | 269 | 227 | 197 | 203 | 168 | 169 | 129 |
| Total assets | 521 | 401 | 309 | 266 | 225 | 215 | 185 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 43.29 | 42.74 | 30.40 | 45.24 | 38.52 | 4.59 | 15.80 |
| Net cash from operating activities | 44.41 | 54.26 | 42.00 | (18.70) | 35.16 | 19.20 | (7.56) |
| Net cash from investing activities | (69.75) | (45.32) | (21.41) | 9.38 | (11.06) | 14.84 | 4.81 |
| Net cash from financing activities | 38.83 | (8.40) | (8.24) | (5.52) | (17.38) | (0.10) | (8.46) |
| Net change in cash | 13.50 | 0.54 | 12.34 | (14.84) | 6.72 | 33.94 | (11.21) |
| Closing cash | 57.98 | 54.20 | 69.66 | 51.74 | 82.60 | 78.87 | 49.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +31.8% | +19.9% | +16.4% | +33.9% | +39.7% | +6.0% | - |
| EBITDA growth | +46.6% | -1.8% | +11.3% | +63.4% | +208.2% | -60.6% | - |
| PBT growth | +33.0% | -5.2% | +11.2% | +63.6% | +68.2% | -34.0% | +9997.0% |
| Net income growth | +32.4% | -4.3% | +11.4% | +64.3% | +70.9% | -33.5% | - |
| Revenue CAGR (3Y) | +22.5% | +23.2% | +29.6% | +25.6% | - | - | - |
| EBITDA CAGR (3Y) | +17.0% | +21.3% | +77.7% | +25.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +13.2% | +13.1% | +16.5% | +17.2% | +13.9% | +11.6% | +18.6% |
| Return on capital employed | +20.0% | +18.5% | +24.0% | +25.3% | +17.3% | +11.4% | +18.5% |
| Return on net worth | +15.8% | +14.9% | +17.9% | +18.8% | +13.0% | +8.6% | +13.6% |
| Debt / equity | 0.10 | 0.08 | 0.00 | 0.00 | 0.03 | 0.03 | 0.00 |
| Long-term debt / equity | 0.08 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 5.55 | 0.28 | 0.03 | 0.07 | 0.24 | 2.10 | 0.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.48 | 2.78 | 4.20 | 3.99 | 3.53 | 2.73 | 2.42 |
| Inventory turnover | 4.51 | 3.68 | 3.19 | 3.15 | 2.97 | 2.46 | 2.62 |
| Debtors turnover | 3.96 | 4.71 | 5.33 | 5.52 | 4.51 | 3.23 | 2.96 |
| EPS (₹) | 11.45 | 8.95 | 9.38 | 16.82 | 10.12 | 6.05 | 9.18 |
| Dividend per share (₹) | 2.00 | 1.50 | 1.50 | 1.50 | 2.00 | 1.50 | 1.50 |
| Book value per share (₹) | 83.66 | 63.78 | 56.32 | 96.88 | 82.15 | 73.56 | 67.38 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 130 | 134 | 113 | 131 | 114 | 101 | 88.65 | 105 |
| Revenue growth (YoY) | +13.8% | +33.1% | +27.2% | +24.4% | +45.3% | - | - | - |
| Other income | 1.61 | 1.22 | 1.39 | 1.04 | 0.21 | 1.00 | 1.90 | 0.84 |
| Total expenses | 106 | 109 | 89.77 | 104 | 91.68 | 81.95 | 73.20 | 86.51 |
| EBITDA | 24.21 | 25.74 | 23.02 | 27.40 | 22.56 | 18.97 | 15.45 | 18.95 |
| EBITDA margin | +18.6% | +19.2% | +20.4% | +20.9% | +19.7% | +18.8% | +17.4% | +18.0% |
| Depreciation | 2.69 | 2.93 | 2.72 | 2.62 | 2.48 | 1.77 | 1.80 | 1.82 |
| Interest | 0.99 | 1.00 | 1.26 | 1.36 | 1.10 | 0.16 | 0.01 | 0.01 |
| Profit before tax | 22.14 | 23.03 | 20.43 | 24.46 | 19.19 | 18.04 | 15.54 | 17.96 |
| Tax | 5.93 | 5.31 | 5.39 | 6.36 | 4.99 | 3.89 | 4.08 | 4.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 492 | 374 | 312 | 268 | 200 | 143 | 135 |
| Revenue growth | +31.8% | +19.9% | +16.4% | +33.9% | +39.7% | +6.0% | - |
| Other income | 3.87 | 5.16 | 6.36 | 4.84 | 4.40 | 14.15 | 5.61 |
| Total expenses | 394 | 306 | 243 | 206 | 162 | 131 | 104 |
| Employee cost | 48.82 | 40.99 | 30.48 | 22.67 | 17.65 | 14.73 | 12.57 |
| EBITDA | 98.89 | 67.44 | 68.68 | 61.71 | 37.79 | 12.27 | 31.07 |
| EBITDA margin | +20.1% | +18.1% | +22.0% | +23.1% | +18.9% | +8.6% | +23.0% |
| Depreciation | 10.74 | 6.95 | 5.95 | 4.41 | 4.13 | 3.64 | 2.40 |
| Interest | 4.89 | 0.17 | 0.02 | 0.04 | 0.10 | 0.18 | 0.10 |
| Profit before tax | 87.13 | 65.48 | 69.07 | 62.10 | 37.96 | 22.60 | 34.18 |
| Tax | 22.07 | 16.37 | 17.63 | 16.00 | 10.23 | 5.99 | 9.02 |
| Net profit | 65.04 | 49.14 | 51.31 | 46.09 | 28.06 | 16.44 | 24.68 |
| Net profit margin | +13.2% | +13.2% | +16.5% | +17.2% | +14.0% | +11.5% | +18.3% |
| EPS (₹) | 11.45 | 8.96 | 9.38 | 16.83 | 10.12 | 6.06 | 9.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 56.79 | 54.81 | 54.81 | 27.40 | 27.40 | 27.40 | 27.40 |
| Reserves & surplus | 418 | 295 | 254 | 238 | 198 | 174 | 157 |
| Shareholders' funds (net worth) | 475 | 350 | 309 | 266 | 225 | 202 | 185 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.20 | 0.08 |
| Unsecured loans | 32.32 | 50.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 32.32 | 50.00 | 0.00 | 0.00 | 0.00 | 13.20 | 0.08 |
| Total liabilities | 521 | 401 | 309 | 266 | 225 | 215 | 185 |
| Assets | |||||||
| Gross block | 207 | 190 | 78.62 | 69.97 | 64.26 | 49.03 | 55.85 |
| Net block | 174 | 164 | 58.27 | 54.48 | 53.13 | 40.67 | 50.31 |
| Capital work in progress | 10.26 | 0.22 | 5.84 | 5.43 | 1.24 | 1.86 | 0.00 |
| Investments | 57.39 | 2.10 | 43.96 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 111 | 108 | 95.34 | 100 | 69.69 | 64.95 | 51.45 |
| Sundry debtors | 155 | 93.30 | 65.54 | 51.36 | 45.63 | 43.05 | 45.59 |
| Cash & bank balances | 57.98 | 54.16 | 69.61 | 51.68 | 82.54 | 78.81 | 49.86 |
| Loans & advances | 13.51 | 21.11 | 8.47 | 45.47 | 7.05 | 22.06 | 10.09 |
| Total current assets | 337 | 277 | 239 | 249 | 205 | 209 | 157 |
| Total current liabilities | 67.93 | 49.99 | 41.61 | 45.92 | 37.16 | 39.68 | 24.91 |
| Net working capital | 269 | 227 | 197 | 203 | 168 | 169 | 132 |
| Total assets | 521 | 401 | 309 | 266 | 225 | 215 | 185 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 43.24 | 42.69 | 30.34 | 45.18 | 38.46 | 4.59 | 15.80 |
| Net cash from operating activities | 44.45 | 54.27 | 42.00 | (18.69) | 35.16 | 19.24 | (7.56) |
| Net cash from investing activities | (69.75) | (45.32) | (21.41) | 9.38 | (11.06) | 14.74 | 4.81 |
| Net cash from financing activities | 38.83 | (8.40) | (8.24) | (5.52) | (17.38) | (0.10) | (8.46) |
| Net change in cash | 13.54 | 0.55 | 12.35 | (14.84) | 6.73 | 33.87 | (11.21) |
| Closing cash | 57.98 | 54.16 | 69.61 | 51.68 | 82.54 | 78.81 | 49.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +31.8% | +19.9% | +16.4% | +33.9% | +39.7% | +6.0% | - |
| EBITDA growth | +46.6% | -1.8% | +11.3% | +63.3% | +208.0% | -60.5% | - |
| PBT growth | +33.1% | -5.2% | +11.2% | +63.6% | +68.0% | -33.9% | -7.6% |
| Net income growth | +32.4% | -4.2% | +11.3% | +64.3% | +70.7% | -33.4% | - |
| Revenue CAGR (3Y) | +22.5% | +23.2% | +29.6% | +25.6% | +19.9% | +17.1% | +17.9% |
| EBITDA CAGR (3Y) | +17.0% | +21.3% | +77.6% | +25.7% | +5.9% | -22.1% | +15.3% |
| Profitability & leverage | |||||||
| Net income margin | +13.2% | +13.1% | +16.5% | +17.2% | +13.9% | +11.6% | +18.6% |
| Return on capital employed | +20.0% | +18.5% | +24.0% | +25.3% | +17.3% | +11.4% | +19.4% |
| Return on net worth | +15.8% | +14.9% | +17.9% | +18.8% | +13.0% | +8.6% | +14.3% |
| Debt / equity | 0.10 | 0.08 | 0.00 | 0.00 | 0.03 | 0.03 | 0.00 |
| Long-term debt / equity | 0.08 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 5.55 | 0.28 | 0.03 | 0.07 | 0.30 | 2.09 | 0.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.48 | 2.78 | 4.20 | 3.99 | 3.53 | 2.73 | 3.19 |
| Inventory turnover | 4.51 | 3.68 | 3.19 | 3.15 | 2.97 | 2.46 | 3.45 |
| Debtors turnover | 3.96 | 4.71 | 5.33 | 5.52 | 4.51 | 3.23 | 3.17 |
| EPS (₹) | 11.45 | 8.96 | 9.38 | 16.83 | 10.12 | 6.06 | 9.18 |
| Dividend per share (₹) | 2.00 | 1.50 | 1.50 | 1.50 | 2.00 | 1.50 | 1.50 |
| Book value per share (₹) | 83.68 | 63.79 | 56.33 | 96.89 | 82.16 | 73.56 | 67.38 |
To see the full year-wise statements and ratios of Sirca Paints India Limited, buy the company report.
Board of directors of Sirca Paints India Limited
Sirca Paints India has 8 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurjit Bains Singh Also directs: Sirca Industries Limited, Scala Home Private Limited | Director | 19 Jan 2006 | 20 Years 9 Months | Current |
| Sanjay Agarwal Also directs: Sirca Industries Limited | Managing Director | 19 Jan 2006 | 20 Years 9 Months | Current |
| Apoorv Agarwal Also directs: Sirca Industries Limited | Managing Director | 19 Jan 2006 | 20 Years 9 Months | Current |
| Shyam Lal Goyal | Director | 18 Sep 2020 | 6 Years 1 Months | Current |
| Sanjay Kapoor | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
| Anu Chauhan | Director | 04 Jul 2019 | 7 Years 3 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Sirca Paints India Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sheenlac Paints Limited | ₹559.52 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| Sirca Paints India Limitedthis company | ₹492.48 Cr (FY 2026) | ₹65.01 Cr | 13.2% | 31.8% | 589 | Delhi, India |
| KCC Paint (India) Private Limited | ₹483.94 Cr (FY 2025) | 9.0% | Kancheepuram, Tamil Nadu, India | |||
| MRF Corp Limited | ₹476.3 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| Valspar (India) Coatings Corporation Private Limited | ₹472.86 Cr (FY 2025) | -2.0% | Bangalore, Karnataka, India | |||
| Ica Pidilite Private Limited | ₹378.72 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Berger Nippon Paint Automotive Coatings Private Limited | ₹376.73 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Grand Polycoats Company Private Limited | ₹328.41 Cr (FY 2025) | 6.0% | Vadodara, Gujarat, India | |||
| Berger Becker Coatings Private Limited | ₹316.49 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Sirca Paints India Limited, buy the company report.
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 65.20%, foreign institutional investors hold 6.10%, domestic institutional investors hold 3.50% and retail and other public shareholders hold 25.20%.
Sep 2026
QUARTER
65.20% Promoters
3.50% DII (Domestic Institutional)
6.10% FII (Foreign Institutional)
25.20% Retail & Others
Promoter holding - history
Now 65.20% · Sep 2026High 65.20% · Dec 2025Low 65.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 65.20% | 65.20% | 65.20% | 65.20% |
| Public | 34.80% | 34.80% | 34.80% | 34.80% |
Charges & borrowings
Open charges
₹68 Cr
Satisfied charges
₹75.28 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2025 | 101072196 | Others | ₹65 Cr | Open | |
| 09 Feb 2022 | 100533261 | Others | ₹3 Cr | Open | |
| 30 Aug 2021 | 100477028 | Hdfc Bank Limited | ₹30 Cr | Satisfied | |
| 17 Jun 2020 | 100348741 | Others | ₹30 Cr | Satisfied | |
| 02 Aug 2016 | 100088343 | Yes Bank Limited | ₹6 Cr | Satisfied |
To see the full charge records of Sirca Paints India Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Sirca Paints India Limited has 22 deals on record (11 market trades, 7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹16 Cr; the latest was in May 2026.
Total deals
22
Market trades
11
Secondary share transfers
7
Funding rounds
3
IPO
1
Disclosed funding
₹16 Cr
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹26.82 Cr | Buyer: Nivesh Consultancy Private Limited , Share India Securities Limited Seller: Share India Securities Limited, Nivesh Consultancy Private Limited |
| May 2026 | Market trade | ₹40.02 Cr | Buyer: Nivesh Consultancy Private Limited Seller: Nivesh Consultancy Private Limited , an individual |
| Apr 2026 | Market trade | ₹16.32 Cr | Buyer: L7 Hitech Private Limited Seller: L7 Hitech Private Limited |
| Nov 2025 | Market trade | ₹16.06 Cr | Buyer: Acme Capital Market Limited Seller: Acme Capital Market Limited |
| Aug 2025 | Market trade | ₹13.04 Cr | Buyer: Nivesh Consultancy Private Limited Seller: Nivesh Consultancy Private Limited |
To see the full deal history of Sirca Paints India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sirca Paints India Limited has 155 court cases on record: 147 filed by Sirca Paints India, 8 filed against it. 68 cases are pending and 87 are disposed.
Total cases
155
Filed by the company
147
Filed against the company
8
Pending
68
Disposed
87
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 154 | 7 | 67 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 155)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CM(M)) | Filed against the company by M/S R D Furniture | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against Sandhya Enterprises | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against M/S Bhumija Enterprises | Pending |
| District court, West, Delhi | Court case (RCA DJ) | Filed by the company against an individual | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of Sirca Paints India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Sirca Paints India Limited has 7 MSME Form 1 returns on record between 2020 and 2022, listing 541 overdue payments to 44 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bansal Metal Works | |||
| an individual supplier | |||
| Unique Enterprises | |||
| Sankalpamshree Chemicals Private Limited | |||
| Tech Route Enterprise Private Limited |
To see the full MSME payment records of Sirca Paints India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Sirca Paints India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sirca Industries Limited | U24290DL2020PLC359767 |
To see the full group structure of Sirca Paints India Limited, buy the company report.
Employees & EPFO
Sirca Paints India Limited has a workforce of 589 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
589
Active EPFO establishments
1
Employee growth
31.77%
GST
Sirca Paints India has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
7
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAKCS5389M1ZD | Uttar Pradesh | Active | 01 Jul 2017 |
| 06AAKCS5389M1ZJ | Haryana | Active | 01 Dec 2018 |
| 03AAKCS5389M1ZP | Punjab | Active | 16 Aug 2019 |
| 32AAKCS5389M1ZO | Kerala | Active | 14 Oct 2019 |
To see the full GST registrations and return filing status of Sirca Paints India Limited, buy the company report.
Recent activity
Sirca Paints India Limited has 14 board changes on record since 2006: 11 appointments and 3 cessations. The latest: Guido Scappini was appointed as Director on 11 Feb 2025.
AGM
Sirca Paints India Limited last Annual general meeting of members was held on 11 Aug 2026 as per latest MCA records.
Filing
Sirca Paints India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi Ii.
Charges
A charge registered on 17 Jun 2020 via Charge ID 100348741 with Others was fully satisfied on 06 May 2025.
Charges
A charge with Others amounted to Rs. 65.00 Cr with Charge ID 101072196 was registered on 19 Feb 2025.
Charges
A charge with Others of Rs. 3.00 Cr registered on 09 Feb 2022 with Charge ID 100533261 was modified on 19 Feb 2025.
Appointed
Guido Scappini was appointed as Director.
Ceased
Ugo Pelosin ceased to be Director.
Appointed
Aman Arora was appointed as Director.
Ceased
Anil Kumar Mehrotra ceased to be Director.
Charges
A charge registered on 30 Aug 2021 via Charge ID 100477028 with Hdfc Bank Limited was fully satisfied on 07 Apr 2023.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100533261 was registered on 09 Feb 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.00 Cr with Charge ID 100477028 was registered on 30 Aug 2021.
26 earlier events are in the company report.
News
Frequently asked questions
Sirca Paints India is an active public limited company based in Delhi, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 19 January 2006 (20+ years old) and is registered under CIN L24219DL2006PLC145092. Listed on BSE: 543686 and NSE: SIRCA.
Sirca Paints India reported revenue of ₹492.48 Cr for FY 2025-26 (up 31.8% YoY) based on consolidated financials.
Sirca Paints India has 8 current directors:
- Sanjay Agarwal - Managing Director
- Apoorv Agarwal - Managing Director
- Gurjit Bains Singh - Director
- Shyam Lal Goyal - Director
- Sanjay Kapoor - Director
- Anu Chauhan - Director
- Guido Scappini - Director
- Aman Arora - Director
The latest financial statements of Sirca Paints India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Sirca Paints India is 09AAKCS5389M1ZD, registered in Uttar Pradesh. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAKCS5389M1ZJ (Haryana), 03AAKCS5389M1ZP (Punjab), 32AAKCS5389M1ZO (Kerala).
The CIN (Corporate Identification Number) of Sirca Paints India is L24219DL2006PLC145092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Sirca Paints India is a listed company as per MCA records. Its shares are listed on both BSE (code: 543686) and NSE (symbol: SIRCA).
Sirca Paints India has 155 court cases on record: 147 filed by the company and 8 filed against it. 68 are pending. Most are in the district courts.
Sirca Paints India was incorporated on 19 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Sirca Paints India has 22 deals on record (11 market trades, 7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹16 Cr; the latest was in May 2026.
The peers of Sirca Paints India by revenue are Sheenlac Paints Limited, KCC Paint (India) Private Limited, MRF Corp Limited, Valspar (India) Coatings Corporation Private Limited, Ica Pidilite Private Limited and 3 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Guido Scappini was appointed as Director on 11 Feb 2025. Ugo Pelosin ceased to be Director on 09 Dec 2024. Aman Arora was appointed as Director on 11 Nov 2023. Sirca Paints India has 14 board changes on record in total.