May 16, 2018 - May 22, 2018

Sirca Paints IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Sirca Paints IPO.

Sirca Paints IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Sirca Paints IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Sirca Paints IPO Review by Dilip Davda (May apply)

[Dilip Davda]

Although based on superb performance of first nine months of FY18, pricing appears reasonable; it’s now venturing into manufacturing in highly competitive segment. Hence sustainability of margins raises concern. Considering these cash surplus risk savvy investors may consider investment at their own risk.

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