Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q3 FY2025 Earnings Presentation
26 slides from Sirca Paints India's earnings presentation, Feb 11, 2025
Slide 1: Submission of Investor Presentation cover letter
February 11, 2025 To, To, The Managing Director The General Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza,5th Floor, Plot No. C/1 Department of Corporate Services Phiroze G-Block, Bandra-Kurla Complex, Jeejeebhoy Towers, Dalal Street, Mumbai - Bandra (E), Mumbai-400051
Slide 2: Earnings Presentation Feb 2025
EARNINGS PRESENTATION FEB, 2025
Slide 3: Company Profile
COMPANY PROFILE
Slide 4: Introduction
INTRODUCTION Sirca Paints India Limited (SPIL) is a leading manufacturer of wood coating products in India, with a history spanning two decades. Offering premium quality wood finishes under brands like 'Sirca' and 'Unico', SPIL caters to the emerging aesthetic needs of the furnishing market. With a
Slide 5: SPIL at a Glance
SPIL AT A GLANCE EXCLUSIVE LICENSEE Of Globally Established ‘Sirca’ 02 779 brand for India, Nepal, Bangladesh Manufacturing and Sri Lanka Team Strength Facilities 4 MARKET LEADER Among the Top 3 Premium wood 2,508 coatings brand in India Market Nodes in Distribution Display Units Leader in North Ind
Slide 6: Value Proposition
VALUE PROPOSITION The promise and quality of ‘Made in Italy’ blended with innovation, research and development to provide the most sophisticated and customized products and services in the paints industry. CORE OFFERING Premium Italian Wood Coatings Metal Coatings Glass Coatings EARNINGS PRESENTATIO
Slide 7: Value Proposition
VALUE PROPOSITION WOOD COATINGS MASS MARKET RANGE Nitrocellulose (NC), Melamine, PU Recent Additions to our Product Portfolio Expansion Coatings and Thinners Hygiene Plus Additives WALL PAINTS & OTHERS WALL PAINTS RANGE OIKOS Portfolio (Decorative, Solid Colour Finishes, and Texture Coatings) Durant
Slide 8: Brand Portfolio Pricing
BRAND PORTFOLIO PRICING Sirca Unico INDIAN SUBCONTINENT Luxury Italian Wood Coatings Mass-market Wood Coatings High-end Wall Paints products OIKOS Welcome Colour Finishes and Texture Paint Thinners & Reducers INDIA Coatings High-end Decorative, Solid ECONOMIC ENTRY-LEVEL LUXURY * Includes India, Ban
Slide 9: Sirca's Footprint
SIRCA’S FOOTPRINT 2,508 13 Dealers & Distributors Branches & Depot JAGADHARI MOHALI 4 02 NOIDA Display Units Manufacturing KARNAL Facilities NEPAL RAI & SONIPAT AMBALA DELHI DEHRADUN GURUGRAM SILLIGURI KEY GUWAHATI INDORE BANGLADESH KOLKATA Branches EXPORT MARKETS NAGPUR RAIPUR Manufacturing Facilit
Slide 10: Customer Segments
CUSTOMER SEGMENTS RETAIL OEM’s ~70% Revenue Contribution ~30% Revenue Contribution 2,508 Aggressively growing Distribution Network with 2,508* nodes APPROACH Dealing in Premium products. GROWTH STRATEGY Providing str ong technical support and after sales Chain of studios being opened across India, s
Slide 11: Manufacturing Facilities
MANUFACTURING FACILITIES COMMISSIONED CAPEX of ~33.20 CR In Nov’2019, Sirca commissioned a manufacturing This unit has been established with a total CAPEX facility for Nitrocellulose, Melamine, Economical of ~33.20 Crores, as a primary ‘Object of Issue’ PU products, and PU thinner at Sonipat (NCR) f
Slide 12: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES ~1,420+ Shop boards installed for enhanced visibility. Refreshed brand positioning as “Your Italian Autograph”.
Slide 13: Marketing and Promotional Activities: Sirca Studios
MARKETING AND PROMOTIONAL ACTIVITIES SIRCA STUDIOS
Slide 14: Contractor's / Shop Meets
CONTRACTOR'S / SHOP MEETS Organised 28 meet-ups between contractors and shop owners to help them educate about the products and build healthy relations.
Slide 15: Contractor Loyalty Program
CONTRACTOR LOYALTY PROGRAM Sirca Parivaar 2.0 – App Update Enhanced Version of Sirca Parivaar App ~24,750 ~17,600 ~3,300 The main objective of this app is to automate the process of loyalty program and streamline the process Contractors Registered Average Daily Product Scans Average Daily Users of r
Slide 16: Board of Directors
BOARD OF DIRECTORS MR. SANJAY AGARWAL MR. APOORV AGARWAL MR. GURJIT SINGH BAINS CHAIRMAN AND JOINT MANAGING NON-EXECUTIVE MANAGING DIRECTOR DIRECTOR DIRECTOR Mr. Agarwal is one of the co-founders of Mr. Agarwal has holds a bachelor's Mr. Gurjit Singh Bains is one of the co- Sirca Paints India Limite
Slide 17: Board of Directors
BOARD OF DIRECTORS Mr. Shyam Lal Goyal Mrs. Anu Chauhan Mr. Sanjay Kapoor Mr. Aman Arora NON-EXECUTIVE & NON-EXECUTIVE & NON-EXECUTIVE & NON-EXECUTIVE & INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Mr. Goyal was the Audit and Finance Mrs. Chauhan has a vast exp
Slide 18: 5Y Financial Summary
5Y FINANCIAL SUMMARY
Slide 19: 5Y Profit & Loss Summary
5Y FINANCIAL SUMMARY 5Y PROFIT & LOSS SUMMARY (₹ in crores) PARTICULARS 9M FY25 FY24 FY23 FY22 FY21 Revenue from Operations 272.89 311.72 267.75 200.02 143.18 Total Income 277.05 318.08 272.59 204.43 157.32 Total Operating Expenses 224.42 243.04 206.03 162.27 121.37 EBITDA (Excluding OI) 48.47 68.68
Slide 20: 5Y Balance Sheet Summary
5Y FINANCIAL SUMMARY 5Y BALANCE SHEET SUMMARY (₹ in crores) PARTICULARS H1 FY25 FY24 FY23 FY22 FY21 Shareholders Fund 323.99 308.72 265.53 225.15 201.6 Non Current Liabilities 0.97 0.6 0.59 0.05 0.28 Current Liabilities 44.42 41.61 45.92 37.16 52.88 Trade Payables 36.01 32.54 36.55 31.4 34.84 Total
Slide 21: 5Y Cash Flow Summary
5Y FINANCIAL SUMMARY 5Y CASH FLOW SUMMARY (₹ in crores) PARTICULARS H1 FY25 FY24 FY23 FY22 FY21 Cash from Operating Activities 27.99 32.4 -18.69 35.16 19.24 Cash from Investing Activities -22.1 -11.81 9.38 -11.06 14.74 Cash from Financing Activities -8.23 -8.24 -5.52 -17.38 0.1 Net Cash Flow -2.34 1
Slide 22: Q3 FY25 Result Discussion
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Slide 23: Strong performance in a highly competitive environment
Q3FY25 RESULT DISCUSSION "STRONG PERFORMANCE IN A HIGHLY COMPETITIVE ENVIRONMENT." (All Values in ₹ crores) 11.46 88.71 10.51 15.44 72.49 13.77 wth o th th Gr row w 0% G Gr o 9. 2.4% 2% 2 12. Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Revenue from EBITDA PAT Operations
Slide 24: Profit & Loss Summary
Q3FY25 RESULT DISCUSSION PROFIT & LOSS SUMMARY Standalone (₹ in crores) PARTICULARS Q3 FY25 Q2 FY25 Q3 FY24 YoY % QoQ % Revenue from Operations 88.71 105.50 72.49 22.4% -15.9% Total Income 90.61 106.34 74.12 22.2% -14.8% Total Operating Expenses 73.27 86.54 58.72 24.8% -15.3% EBIDTA (Excluding OI) 1
Slide 25: Management Commentary
Q3FY25 RESULT DISCUSSION MANAGEMENT COMMENTARY Revenue from Operations: Increased to INR 88.71 Cr in the current quarter from INR 72.49 Cr (Q3 FY24). Growth of 22.4%, despite 40 days of sales loss due to GARP measures in the NCR region (Nov & Dec). Growth driven by better product mix with a focus on
Slide 26: Connect Us
CONNECT US Hira Kumar Ipvinder Singh COMPANY SECRETARY AND COMPLIANCE OFFICER Invesfly Private Limited Sirca Paints India Limited info@invesfly.com cs@sircapaints.com 9015059001