Although the company seems to be a Paints company by the name, their business majorly comprises Wood Coatings, a subset of the paint industry. SPIL was initially incorporated in 2006 and was primarily involved in the marketing and distribution of wood coatings (from Sirca Italy) and allied products (Thinner, Abrasives and Buffing Cream from Korea and domestic market). While taking a look at the paint industry and a few discussions with fellow investors, I came across Sirca Paints India Ltd (SPIL). Axis Grey, Nebula blue, Pearl Amazing White, Red Mettalic, Sirius White, Transe Blue, Apache-Black, Apache-Pl.-White, Apache-Red, Apache-Yellow, Aqua-Green, Arctic White, BLACK, Blazing-Red, Blue-Platina, Brown, C-Maroon, C-Red, Cherry-Red, chestnut red, Chestnut-Color, CT-Wine-Red, D-P-Blue, Deep-Black, Desert-Storm, Electric-Blue, F-Red, Flaming-Orange, Forest Green, Forest-Blue, Geny-Grey, Glossy-Black, Golden-Beige, Green, Green-Metallic, KTM Electronic Orange, Lagun-Color, Lava-Red, M.-Silver, M.GREEN, Magic Black, Majestic-Maroon, MARINE-BLUE, Maroon, MATT-BLACK, Midnight-Black, Moon-Yellow, Ninja-Green, Orange, Pearl-White, Pink, Pl.-M.-White, Pl.-Sunbeam-White, PL.-White, Plasma-Blue, Platina-Red, Pulsar Blue, Pulsar Maroon, Pulsar Red, Pulsur-Blue, Pulsur-Maroon, Pulsur-Red, Pulsur-Silver, Racing Blue, RE ASPHALT, RE BR GREEN, RE DEMINO BLUE, RE DUNE BROWN, RE ELC MAROON, RE ENGINE SILVER, RE FRAME GREEN, RE FRAME RED, RE HIMALAYA BLACK, RE HIMALAYA GREY, RE LIGHT SILVER, RE LIQUIED BROWN, RE MAHEYM GREY, RE MINT, RE ORANGE CRASH, RE PREM BROWN, RE SHOCK GREY, RE SILVER ASH(N), RE SILVER SPECTRA, RE SNOW WHITE, RE SOLID GREEN, RE SOLID ORANGE, RE TEX ACC SILVER, RE TEX BLACK, RE-Gun-Grey, RE-Matt-Black, Red, Scoden-Blue-Color, Silver, Silver-Platina, Silver-Tech, Slate Grey, SOLID-GREEN, Sonic-Silver, Sporty Red, Sporty-White, T-Blue, Tah-Blue, Tit-Silver, Titan Grey, V.While we know that the paint industry has a strong resemblance to the FMCG industry in terms of industry structure and valuations, there is scope for disruption in the FMCG industry while the technology changes slowly and is generally guided for the paint industry by environmental standards. Jawa, Bajaj Bikes, Hero Bikes, Honda Bikes, KTM, Mahindra Bikes, Royal Enfeild Bikes, Suzuki Bikes, TVS Bikes, Yamaha BikesĢ010 & Before, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021Īll Star Black, Cornet Red Glossy, Galactric Green, Lumos Lime, Lusty Red, Marsh Athena Grey, Marsh Grey, Matt charcoal, Matt. Keep out of reach of children.īajaj Bikes, Hero Bikes, Honda Bikes, KTM, Mahindra Bikes, Royal Enfeild Bikes, Suzuki Bikes, TVS Bikes, Yamaha Bikes If swallowed, do not induce vomiting, call physician. Do not place Can on a radiator, stove, in direct sunlight or near other heat source If spray gets into eyes flush with water. Precautions Do not use the product if the surface is hot to touch Use masking tape only as cello tape can cause paint to be removed Do not puncture the can, incinerate or store above 50° C. Let the touched up area dry for up to 72 hours for full curing of the paint film.Spray in stroking motion to avoid dripping Apply light coats instead of a heavy one which might make paint to sag & run.Hold Can straight 25 cm (12”) from the surface.Shake Com-Paint can vigorously until Agitator Ball moves freely.Use in well-ventilated area, in shade & between (18☌ – 30☌) temperatures for best spray results.
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