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SIRCA PAINT INDIA LTDSIRCA PAINT INDIA LTDSIRCA PAINT INDIA LTD

SIRCA PAINT INDIA LTD

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SIRCA trade ideas

SIRCA PAINTSRange of Wall coating, Wood Coating, Metals, and Glass Coating products. Its offerings under various brands include: Sirca: Luxury Italian Wood Coatings, High-end Wall Paints. Unico: Mass -market Wood Coating products. Oikos: High-end Decorative, Solid Colour Finishes and Texture Coatings. DuranteVivan: Adhesives Product Portfolio. Co. is in the top 3 premium category wood coatings brand in India and Market leader in premium wood coatings in North India. Sirca is the Exclusive licensee for product sales to Nepal, Bangladesh & Sri Lanka
Editors' picks
NSE:SIRCALong
by TechnicalAnalystSucrit
2
SIRCA : Took a position for about 1.25% of the net capitalAnalysts have issued favorable forecasts for its price, revenue, and earnings per share. Additionally, the company's financials exhibit attractiveness. Despite the presence of other formidable competitors in the market, there is ample room for growth for all players. Promoters hold a significant 67.55% of the company's shares, while Mutual Funds currently have no holdings. However, Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) maintain holdings of approximately 0.80% and 5.93% respectively. Institutional interest has been marginally increasing over recent quarters, although retailers still hold a higher proportion of shares at 25.73%. While a higher retailer holding typically raises concerns, other confluence factors, coupled with technical confirmation, have led me to initiate a position equivalent to 1.25% of the net capital at the current price point. From this entry level, I anticipate a potential 42% increase towards the all-time high, which I currently view as a target for profit booking. However, I am mindful of the possibility of a market downturn, and in the event of such an occurrence, I will reassess both fundamental and technical aspects to determine any necessary adjustments to the position. If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:SIRCALong
by Sniper-Traders
Investment Pick for long term Sirca Paint || Next Asian PaintsSirca paints result has come very very attractive as usual. Chart also looking very attractive. We have seen multiple supports in the range of 275-305, and the recently price again has taken support in this range only and made a W kind of a pattern, both bottoms i have marked on chart. Price and action suggest a huge move in coming days. Might be tomorrow only we can see some huge upside more than 2%. Well Management is good, company is zero debt, Price is also attractive just price to earning ratio shows some expensive valuation but in this industry i have seen always a expensive valuation but still all stocks of this industry always making higher highs, means always making new highs. So trading point of view i have marked everything on chart. But this stock has potential to become like asian paints in future. So this could be a best investment pick for long term. If anyone wants to go long can go with given levels. Always follow stop loss. Market Cap ₹ 1,736 Cr. Current Price ₹ 317 High / Low ₹ 400 / 202 Stock P/E 37.6 Book Value ₹ 48.4 Dividend Yield 0.32 % ROCE 25.3 % ROE 18.8 % Face Value ₹ 10.0 Debt ₹ 0.00 Cr. EPS ₹ 8.41 PEG Ratio 1.99 Promoter holding 67.6 % Intrinsic Value ₹ 216 Pledged percentage 0.00 % EVEBITDA 25.3 PROS Company is almost debt free. Company is expected to give good quarter Company has delivered good profit growth of 18.9% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 17.8% Debtor days have improved from 88.9 to 70.0 days. CONS Company has a low return on equity of 13.9% over last 3 years. If anyone likes my work then please hit like and follow for more updates like this on investment and trading. Comment your thoughts on this idea. Thankyou. Disclaimer:- Please always consult with your financial advisor before initiating any trade.
NSE:SIRCALong
by TraderRahulPal
SIRCA - Ichimoku Bullish Breakout Stock Name - Sirca Paints India Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 650 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:SIRCALong
by nikunjbhadja
Sirca Paints Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since December 2021, NSE:SIRCA has given a breakout today. Buy with a stop just below ₹580. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarter sales growth is at 90% and quarter profit growth is at 428%, TTM sales growth is at 40% and TTM profit growth is at 90% 2. 5-year average ROE at 15% 3. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 841(greater than 3 is good), Current Ratio at 5.51(greater than 1.5 is good) 4. The company has been maintaining a healthy dividend payout of 20.3% 5. Debtor days have improved from 107 to 85.0 days 6. The company's median sales growth has been 15.5% in the last 10 years Weaknesses: - 1. Stock is trading at 7.67 times its book value 2. The company has a low return on equity of 11.9% for the last 3 years Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
NSE:SIRCALong
by akashbothra