Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q4 FY2025 Earnings Presentation
32 slides from Sirca Paints India's earnings presentation, May 22, 2025
Slide 1: Submission of Investor Presentation to Stock Exchanges
May 22, 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 G-Block, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai – 400051 Dalal Street, Mumbai - 40
Slide 2: Earnings Presentation May 2025
EARNINGS PRESENTATION MAY, 2 0 2 5
Slide 3: Company Profile
Sirca? WOOD GOATINGS (ITALY) 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 st
Slide 5: SPIL at a Glance
SPIL AT A GLANCE EXCLUSIVE LICENSEE Of Globally Gl b ll E t bli h d ‘Sirca’ Established ‘Si ’ 05 764 brand for India, Nepal, Bangladesh Manufacturing and Sri Lanka Team Strength Facilities 10+ MARKET LEADER Among the Top 3 Premium wood 4 000 4,000+ coatings brand in India Market Nodes in Distributio
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 W ood Coatings Metal Coatings Gl Glass C Coatings EARNINGS PRESE
Slide 7: Value Proposition: Wood Coatings and Wall Paints
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) Durante
Slide 8: Brand Portfolio
BRAND PORTFOLIO PRIC ING Sirca Unico INDIAN SUBCON TINENT* Luxury Italian Wood Coatings Mass-market Wood Coatings products OIKOS Welcome Colour Finishes and Texture Paint Thinners & Reducers INDIA Coatings High-end Decorative, Solid ECONOMIC ENTRY-LEVEL LUXURY WEMBLEY (Newly Acquired) Decorative Ite
Slide 9: Sirca's Footprint
SIRCA’S FOOTPRINT 4000+ 26 Dealers & Distributors Branches & Depot JAGADHARI MOHALI 10+ 05 NOIDA Displa Units Display Manufacturing Man fact ring KARNAL Facilities NEPAL RAI & SONIPAT AMBALA DELHI DEHRADUN GURUGRAM SILLIGURI KEY GUWAHATI INDORE BANGLADESH KOLKATA Branches EXPORT MARKETS NAGPUR RAIPU
Slide 10: Customer Segments
CUSTOMER SEGMENTS RETAIL OEM’s ~70% Revenue Contribution ~30% Revenue Contribution Aggressively growing 4000+ Distribution Network APPROACH Dealing in Premium products. GROWTH STRATEGY Providing strong technical support and after sales services to OEM’s. Chain of studios being opened across India, c
Slide 11: Manufacturing Facilities
MANUFACTURING FACILITIES COMMISSIONED CAPEX of ~33.20 CR In Nov’2019, Sirc a commissioned a manufacturing This unit has b een 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 ( N C
Slide 12: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES ~1000+ Shop boards installed in current quarter resulting in enhanced visibility. Refreshed brand positioning as “Your Italian g p Autograph”.
Slide 13: Engagement That Builds Community
MARKETING AND PROMOTIONAL ACTIVITIES ENGAGEMENT THAT BUILDS COMMUNITY (SHAKTI,IDAC ) Sirca actively invests in high-impact engagement initiatives that bring together industry professionals, partners, and influencers. Events like Shakti — a celebration of our female workforce and leadership — and our
Slide 14: Strengthening Brand Equity: Digital & Editorial Presence
MARKETING AND PROMOTIONAL ACTIVITIES STRENGTHENING BRAND EQUITY- DIGITAL & EDITORIAL PRESENCE Sirca’s digital footprint continues to grow through strategic features in leading design publications and platforms. Our projects with renowned architects have been showcased in Livingetc & Elle Decor and o
Slide 15: Showcasing Innovation at Indiawood 2025
MARKETING AND PROMOTIONAL ACTIVITIES SHOWCASING INNOVATION AT INDIAWOOD 2025 Sirca made a strong mark at Indiawood 2025, showcasing cutting-edge finishes and sustainable surface solutions. The event reinforced our leadership in premium wood coatings and deepened engagement with industry stakeholders
Slide 16: Architects' Meet – Maldives 2025
MARKETING AND PROMOTIONAL ACTIVITIES ARCHITECTS’ MEET – MALDIVES 2025 Sirca hosted an exclusive meet with leading architects in the serene setting of the Maldives, fostering dialogue around design innovation and surface excellence. The event strengthened brand relationships and positioned Sirca as a
Slide 17: Strategic Expansion: Acquisition of Wembley
STRATEGIC EXPANSION: ACQUISITION OF WEMBLEY Sirca Paints India Ltd. Acquires "Wembley" Brand, Expanding Platform and Its Product Portfolio New Delhi, 20-March-2025 – Sirca Paints India Ltd. proudly announces the acquisition of the entire business under the brand name "Wembley" from Wembley Paints &
Slide 18: Salient Features of Wembley
SALIENT FEATURES OF WEMBLEY Established in 1961, Wembley is a legacy brand known for its high-recall NC sealers and lacquers, trusted for performance and quality for over six decades. Has a very high product recall and enviable product features. Has a huge potential to grow across India ( operating
Slide 19: Contractor Loyalty Program
CONTRACTOR LOYALTY PROGRAM Si Sirca P i Parivaar 2 0 – App 2.0 A U d t Update Enhanced Version of Sirca Parivaar App 25,000+ 20,000+ 5000+ The main objective of this app is to automate the process of loyalty program and streamline the process Contractors Registered Average Daily Product Scans Averag
Slide 20: Board of Directors
BOARD OF DIRECTORS MR. SANJAY AGARWAL MR. APOORV AGARWAL MR. GURJIT SINGH BAINS CHAIRMAN AND JOINT MANAGING NON-EXECUTIVE Mr. Guido Scappini MANAGING DIRECTOR DIRECTOR DIRECTOR NON-EXECUTIVE DIRECTOR (SIRCA SpA Mr. Agarwal is one of the co-founders of Mr. Agarwal has holds a bachelor's Mr. Gurjit Si
Slide 21: 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 w a s the Audit and Finance Mrs. C ha u h a n has a v
Slide 22: 5Y Financial Summary
5Y FINANCIAL 5 C SUMMARY
Slide 23: 5Y Profit & Loss Summary
5Y FINA NCI A L SUM M A RY 5Y PROFIT & LOSS SUMMARY ( ₹ i n c ro re s)) PARTICULARS FY25 FY24 FY23 FY22 FY21 Revenue from Operations 374.00 311.72 267.75 200.02 143.18 Total Income 379.16 318.08 272.59 204.43 157.32 Total Operating Expenses 306.55 243.04 206.03 162.27 121.37 EBITDA (Excluding OI) 67
Slide 24: 5Y Balance Sheet Summary
5Y FINA NCI A L SUM M A RY 5Y BALANCE SHEET SUMMARY ( ₹ i n c ro re s) PARTICULARS FY25 FY24 FY23 FY22 FY21 Shareholders Fund 349.65 3 9 65 308.72 308 265.53 65 53 225.15 5 5 201.6 0 6 Non Current Liabilities 42.73 0.6 0.59 0.05 0.28 Current Liabilities 58.32 41.61 45.92 37.16 52.88 Trade Payables y
Slide 25: 5Y Cash Flow Summary
5Y FINA NCI A L SUM M A RY 5Y CASH FLOW SUMMARY ( ₹ i n c ro re s) PARTICULARS FY25 FY24 FY23 FY22 FY21 Cash from Operating Activities 54.26 42.00 - 18.69 35.16 19.24 Cash from Investing Activities -45.32 -21.41 9.38 -11.06 14.74 -8.39 8 39 -8.24 8 24 -5.52 5 52 -17.38 17 38 01 0.1 Cash from Financi
Slide 26: Q4 FY25 Result Discussion
Q4 FY25 RESULT DISCUSSION > = a il we Fr ae mt oes Pion, ie
Slide 27: Strong Performance in a Highly Competitive Environment
Q 4FY2 5 RESULT D ISCU SSIO N "STRONG PERFORMANCE IN A HIGHLY COMPETITIVE ENVIRONMENT." (All Values in ₹ crores) 14.15 101.10 12.51 18.97 82.63 16.24 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Revenue from EBITDA PAT Operations
Slide 28: Profit & Loss Summary
Q 4FY2 5 RESULT D ISCU SSIO N PROFIT & LOSS SUMMARY Sta n da lo n e ( ₹ i n c ro re s) PARTICULARS Q4 FY25 Q3 FY25 Q4 FY24 YoY % QoQ % Revenue from Operations 101.11 88.71 82.63 22.4% 14.00% Total Income 102.11 90.61 84.72 20.5% 12.7% Total Operating Expenses 82.13 73.27 66.39 23.7% 12.1% EBIDTA (Ex
Slide 29: Management Commentary
Q 4FY25 RESULT D ISCU SSIO N MANAGEMENT COMMENTARY Revenue from Operations: •Increased to INR 101.10 Cr in the current quarter from INR 82.63 Cr (Q4 FY24) •A growth of 22.4%. •Growth driven by better product mix with a focus on high-value product sales. EBITDA: •Increased from INR 16.25 Cr (Q4 FY24)
Slide 30: Q4 Highlights
Q 4FY25 RESULT D ISCU SSIO N Q4 Highlights • Completed acquisition of “Wembley” brand, a reputed name in the economical decorative product segment, including Sanding Sealer, TT Clear, and others and there has been a smooth transition too. • Expanded dealer network in Tier 2/3 cities, with increased
Slide 31: Q1FY26 Outlook
Q 4FY25 RESULT D ISCU SSIO N Q1FY26 Outlook •Tier 2/3 Market Penetration: Continued push in markets like MP, Chhattisgarh, and Northeast, South India through localized marketing and dealer activations. •New OEM Tie-Ups: Expanding presence in modular furniture and door manufacturing ecosystem with ne
Slide 32: Connect Us
CONNECT US Hira Kumar COMPANY SECRETARY AND COMPLIANCE OFFICER S i r c a Paints India Limited cs@sircapaints.com