Sirca Paints India (BOM:543686) Interest Coverage: 22.82 (As of Mar. 2026) — 95% Below Median

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BOM:543686 Sirca Paints India Ltd BOM:543686
100 GF Score
Price ₹402.80
GF Value ₹570.49
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Sirca Paints India Interest Coverage?

Sirca Paints India BOM:543686 +2.45% 100 Interest Coverage is 22.82 as of Mar. 2026, which is 95% below its 10-year median of 439.79. GuruFocus rates BOM:543686 with a GF Score™ of 100/100 and a GF Value™ of ₹570.49 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,232 Chemicals companies, Sirca Paints India ranks better than 61.77% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Sirca Paints India's Operating Income for the three months ended in Mar. 2026 was ₹228 Mil. Sirca Paints India's Interest Expense for the three months ended in Mar. 2026 was ₹-10 Mil. Sirca Paints India's interest coverage for the quarter that ended in Mar. 2026 was 22.82. The higher the ratio, the stronger the company's financial strength is.

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

BOM:543686' s Interest Coverage Range Over the Past 10 Years
Min: 18   Med: 439.79   Max: 7092.46
Current: 18.65


BOM:543686's Interest Coverage is ranked better than
61.77% of 1232 companies
in the Chemicals industry
Industry Median: 10.13 vs BOM:543686: 18.65

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Sirca Paints India  (BOM:543686) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Sirca Paints India Interest Coverage Related Terms


Sirca Paints India Interest Coverage Historical Data

* Premium members only.

The historical data trend for Sirca Paints India's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Sirca Paints India Interest Coverage Chart

Sirca Paints India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 963.83 3,108.25 7,092.46 347.43 18.00

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
Interest Coverage 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 110.56 18.21 18.27 16.13 22.82

BOM:543686 vs LIN, SHW, ECL: Interest Coverage Comparison

For the Specialty Chemicals subindustry, Sirca Paints India's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Chemicals Industry

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

* The bar in red indicates where Sirca Paints India's Interest Coverage falls into.


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

Sirca Paints India Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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

Here, for the fiscal year that ended in Mar. 2026, Sirca Paints India's Interest Expense was ₹-49 Mil. Its Operating Income was ₹881 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹259 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*880.985/-48.946
=18.00

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

Here, for the three months ended in Mar. 2026, Sirca Paints India's Interest Expense was ₹-10 Mil. Its Operating Income was ₹228 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹259 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*227.693/-9.977
=22.82

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 22.82 mean?
Sirca Paints India (BOM:543686) has a Interest Coverage of 22.82 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Sirca Paints India and its competitors. This is 95% below median its historical median of 439.79. Over the past decade, Sirca Paints India's Interest Coverage has ranged from 18.00 to 7,092.46. According to the industry distribution chart, Sirca Paints India ranks #471 out of 1232 companies in the Chemicals industry, placing it in the top 38.2%.
Is Sirca Paints India's Interest Coverage too high?
Sirca Paints India's current Interest Coverage of 22.82 is 95% below median its 10-year median of 439.79. Over the past 10 years, this metric has ranged from a low of 18.00 to a high of 7,092.46. The Chemicals industry median Interest Coverage is 10.13. Sirca Paints India's value of 22.82 is 125.3% above this industry median. Based on the distribution chart, Sirca Paints India ranks #471 out of 1232 companies in the Chemicals industry, which is above the industry midpoint. Overall, Sirca Paints India has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sirca Paints India's Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sirca Paints India ranks #471 out of 1232 companies for Interest Coverage. This puts Sirca Paints India in the upper half of its industry. The industry median Interest Coverage is 10.13. Sirca Paints India's value of 22.82 is 125.3% above this benchmark. Historically, Sirca Paints India's own Interest Coverage has ranged from 18.00 to 7,092.46 over the past decade. While the company's 10-year median is 439.79 vs. the industry median of 10.13, 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 Interest Coverage for a Chemicals company?
The median Interest Coverage among Chemicals companies is 10.13, based on 1,232 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sirca Paints India's current Interest Coverage of 22.82 is 125.3% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Sirca Paints India and its competitors. For the Chemicals industry, the median Interest Coverage is 10.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sirca Paints India's current Interest Coverage is 22.82, which is 95% below median its own 10-year median of 439.79. 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 Modestly Undervalued. The stock's GF Value™ is ₹570.49, compared to a current price of ₹402.80 — trading 29.4% below its estimated fair value. The current Interest Coverage is 22.82, which is 95% below median its 10-year median of 439.79 and 125.3% above the Chemicals industry median of 10.13. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Sirca Paints India (BOM:543686), the current Interest Coverage is 22.82 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 ₹402.80 is trading 29.4% below its estimated GF Value™ of ₹570.49. GuruFocus considers Sirca Paints India to be Modestly Undervalued.

Key valuation signals for BOM:543686:

  • Interest Coverage: 22.82 (95% below median its 10-year median of 439.79)
  • GF Value™: ₹570.49 vs. price of ₹402.80 (29.4% below fair value)
  • GF Score™: 100/100 with 1 warning sign
  • Industry Position: 125.3% above the Chemicals median (#471 of 1232)

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

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

₹402.80
Price
₹570.49
GF Value