Archive · 24 Sep 2025
Sirca Paints: Brokerage Sees Upside in Wood Coatings Market
Imagine Sirca Paints is a company that makes special paint for wood.
A report says they're doing well because more people want safer paints called PU coatings instead of old paints.
The market for these paints is big and is expected to grow quickly.
Sirca Paints already makes these PU paints.
The company also bought other companies to grow.
The report says Sirca's stock price could go up, and suggests people buy the stock.
They have a target price based on different possible outcomes.
Sirca Paints collaborates with Sirca SPA, a European wood coating company.
The premium wood coatings market in India is estimated at ₹10,000 crore as of FY25.
The market is expected to grow over 10% annually for the next 5-10 years.
There's a shift from formaldehyde-based Melamine to safer PU-based products.
Sirca's recent acquisitions expand its product portfolio and customer base.
- Who
- Sirca Paints Ltd.
- What
- A brokerage recommends buying Sirca Paints, highlighting growth potential in the premium wood coatings market.
- When
- As of September 24, 2025, the analysis was published.
- Where
- India
- Why
- Due to a shift towards PU-based wood coatings and strategic acquisitions.
- Company
- Sirca Paints Ltd (SIRCA)
- Current Market Price
- ₹506.95
- Target Price
- ₹625
- Market
- Premium wood coatings in India
- Market Size (FY25)
- ₹10,000 crore
- Growth Rate
- Over 10% CAGR (next 5-10 years)