Sirca Paints India (BOM:543686) Gross Margin %: 44.85% (As of Mar. 2026) — Near Median

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BOM:543686 Sirca Paints India Ltd BOM:543686
100 GF Score
Price ₹393.60
GF Value ₹571.28
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Sirca Paints India Gross Margin %?

Sirca Paints India BOM:543686 -1.07% 100 Gross Margin % is 44.85% as of Mar. 2026, which is 7% above its 10-year median of 41.84. GuruFocus rates BOM:543686 with a GF Score™ of 100/100 and a GF Value™ of ₹571.28 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,558 Chemicals companies, Sirca Paints India ranks better than 87.61% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Sirca Paints India's Gross Profit for the three months ended in Mar. 2026 was ₹602 Mil. Sirca Paints India's Revenue for the three months ended in Mar. 2026 was ₹1,343 Mil. Therefore, Sirca Paints India's Gross Margin % for the quarter that ended in Mar. 2026 was 44.85%.


The historical rank and industry rank for Sirca Paints India's Gross Margin % or its related term are showing as below:

BOM:543686' s Gross Margin % Range Over the Past 10 Years
Min: 37.28   Med: 41.84   Max: 47.64
Current: 45.46


During the past 13 years, the highest Gross Margin % of Sirca Paints India was 47.64%. The lowest was 37.28%. And the median was 41.84%.

BOM:543686's Gross Margin % is ranked better than
87.61% of 1558 companies
in the Chemicals industry
Industry Median: 23.465 vs BOM:543686: 45.46

Sirca Paints India had a gross margin of 44.85% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sirca Paints India was 4.90% per year.


Sirca Paints India  (BOM:543686) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Sirca Paints India had a gross margin of 44.85% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Sirca Paints India Gross Margin % Related Terms


Sirca Paints India Gross Margin % Historical Data

* Premium members only.

The historical data trend for Sirca Paints India's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sirca Paints India Gross Margin % Chart

Sirca Paints India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.78 41.58 42.10 46.61 45.84

Sirca Paints India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.10 45.03 46.16 45.80 44.85

BOM:543686 vs LIN, SHW, ECL: Gross Margin % Comparison

For the Specialty Chemicals subindustry, Sirca Paints India's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sirca Paints India Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sirca Paints India's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sirca Paints India's Gross Margin % falls into.


BOM:543686
100GF Score
Sirca Paints India Ltd BOM:543686
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sirca Paints India Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Sirca Paints India's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=2257.7 / 4924.841
=(Revenue - Cost of Goods Sold) / Revenue
=(4924.841 - 2667.094) / 4924.841
=45.84 %

Sirca Paints India's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=602.3 / 1342.916
=(Revenue - Cost of Goods Sold) / Revenue
=(1342.916 - 740.58) / 1342.916
=44.85 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 44.85% mean?
Sirca Paints India (BOM:543686) has a Gross Margin % of 44.85% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Sirca Paints India and its competitors. This is near median its historical median of 41.84. Over the past decade, Sirca Paints India's Gross Margin % has ranged from 37.28 to 47.64. According to the industry distribution chart, Sirca Paints India ranks #193 out of 1558 companies in the Chemicals industry, placing it in the top 12.4%.
Is Sirca Paints India's Gross Margin % too high?
Sirca Paints India's current Gross Margin % of 44.85% is near median its 10-year median of 41.84. Over the past 10 years, this metric has ranged from a low of 37.28 to a high of 47.64. The Chemicals industry median Gross Margin % is 23.47. Sirca Paints India's value of 44.85% is 91.1% above this industry median. Based on the distribution chart, Sirca Paints India ranks #193 out of 1558 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Sirca Paints India has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sirca Paints India's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sirca Paints India ranks #193 out of 1558 companies for Gross Margin %. This places Sirca Paints India in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.47. Sirca Paints India's value of 44.85% is 91.1% above this benchmark. Historically, Sirca Paints India's own Gross Margin % has ranged from 37.28 to 47.64 over the past decade. While the company's 10-year median is 41.84 vs. the industry median of 23.47, Sirca Paints India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.47, based on 1,558 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sirca Paints India's current Gross Margin % of 44.85% is 91.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Sirca Paints India and its competitors. For the Chemicals industry, the median Gross Margin % is 23.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sirca Paints India's current Gross Margin % is 44.85%, which is near median its own 10-year median of 41.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sirca Paints India stock overvalued right now?
Based on GuruFocus' analysis, Sirca Paints India (BOM:543686) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹571.28, compared to a current price of ₹393.60 — trading 31.1% below its estimated fair value. The current Gross Margin % is 44.85%, which is near median its 10-year median of 41.84 and 91.1% above the Chemicals industry median of 23.47. Sirca Paints India's overall GF Score™ is 100/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Sirca Paints India (BOM:543686), the current Gross Margin % is 44.85% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sirca Paints India (BOM:543686) Overvalued in 2026?

Based on GuruFocus' analysis, Sirca Paints India stock appears to be undervalued. The current stock price of ₹393.60 is trading 31.1% below its estimated GF Value™ of ₹571.28. GuruFocus considers Sirca Paints India to be Significantly Undervalued.

Key valuation signals for BOM:543686:

  • Gross Margin %: 44.85% (near median its 10-year median of 41.84)
  • GF Value™: ₹571.28 vs. price of ₹393.60 (31.1% below fair value)
  • GF Score™: 100/100 with 1 warning sign
  • Industry Position: 91.1% above the Chemicals median (#193 of 1558)

No single metric tells the full story. See the BOM:543686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sirca Paints India Business Description

Other Exchanges SIRCA:India
Address G-82, Kirti Nagar, New Delhi, IND, 110015
Sirca Paints India Ltd is mainly engaged in the business of importing and distributing wood, glass, and metal coatings in India. The company has also started its production of wall paints, melamine products, N.C products, and economical P.U. products in technical collaboration with Sirca S.P.A., Italy. Its product range includes all PU products, stains, special effects, acrylic PU, polyester, wall paints, UV products, etc., which are sold under brands like Wembley, Oikos, Unico, and Sirca. The company currently operates in only one reportable business segment, Wood Coating Products.
100GF Score

Get the complete analysis for BOM:543686

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹393.60
Price
₹571.28
GF Value