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SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
SHALPAINTS logo

SHALPAINTS - Shalimar Paints Ltd. Share Price

Consumer Durables
Sharesguru Stock Score

SHALPAINTS

49/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹51.07-0.77(-1.49%)
Market Closed as of May 29, 2026, 15:30 IST
Pros

Balance Sheet: Reasonably good balance sheet.

Momentum: Stock price has a strong positive momentum. Stock is up 3.6% in last 30 days.

Smart Money: Smart money has been increasing their position in the stock.

Cons

Growth: Poor revenue growth. Revenue grew at a disappointing -4.6% on a trailing 12-month basis.

Profitability: Poor Profitability. Recent profit margins are negative at -11%.

Past Returns: Underperforming stock! In past three years, the stock has provided -30.4% return compared to 8.9% by NIFTY 50.

Size: It is a small market cap company and can be volatile.

Dividend: Stock hasn't been paying any dividend.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sharesguru Stock Score

SHALPAINTS

49/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Valuation

Market Cap434.46 Cr
Price/Earnings (Trailing)-6.71
Price/Sales (Trailing)0.75
EV/EBITDA-28.66
Price/Free Cashflow13.84
MarketCap/EBT-6.65
Enterprise Value584.35 Cr

Fundamentals

Revenue (TTM)581.05 Cr
Rev. Growth (Yr)-15%
Earnings (TTM)-64.85 Cr
Earnings Growth (Yr)22.4%

Profitability

Operating Margin-10%
EBT Margin-11%
Return on Equity-23.55%
Return on Assets-9.74%
Free Cashflow Yield7.23%

Growth & Returns

Price Change 1W5.9%
Price Change 1M3.6%
Price Change 6M-22.5%
Price Change 1Y-49.9%
3Y Cumulative Return-30.4%
5Y Cumulative Return-14.2%
7Y Cumulative Return-6.6%
10Y Cumulative Return-6.3%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-9.21 Cr
Cash Flow from Operations (TTM)31.4 Cr
Cash Flow from Financing (TTM)-24.07 Cr
Cash & Equivalents7.14 Cr

Balance Sheet

Total Assets640.56 Cr
Total Liabilities389.38 Cr
Shareholder Equity251.18 Cr
Current Assets332.68 Cr
Current Liabilities375.97 Cr
Net PPE293.74 Cr
Inventory102.14 Cr
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.26
Debt/Equity0.63
Interest Coverage-3.73

Dividend & Shareholder Returns

Shares Dilution (1Y)0.00%
Shares Dilution (3Y)15.9%
Pros

Balance Sheet: Reasonably good balance sheet.

Momentum: Stock price has a strong positive momentum. Stock is up 3.6% in last 30 days.

Smart Money: Smart money has been increasing their position in the stock.

Cons

Growth: Poor revenue growth. Revenue grew at a disappointing -4.6% on a trailing 12-month basis.

Profitability: Poor Profitability. Recent profit margins are negative at -11%.

Past Returns: Underperforming stock! In past three years, the stock has provided -30.4% return compared to 8.9% by NIFTY 50.

Size: It is a small market cap company and can be volatile.

Dividend: Stock hasn't been paying any dividend.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Shares Dilution (1Y)0.00%
Earnings/Share (TTM)-7.74

Financial Health

Current Ratio0.91
Debt/Equity0.63

Technical Indicators

RSI (14d)46.06
RSI (5d)96.19
RSI (21d)54.15
MACD SignalSell
Stochastic Oscillator SignalHold
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalSell
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalBuy
SMA 100 SignalBuy

Summary of Latest Earnings Report from Shalimar Paints

Summary of Shalimar Paints's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Share Holdings

Understand Shalimar Paints ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
Hella Infra Market Limited52.85%
Virtuous Tradecorp Private Limited12.62%
JSL Limited3.2%
Hexa Securities and Finance Company Limited1.79%
Nalwa Sons Investments Limited1.64%
Colorado Trading Company Private Limited1.46%
Nalwa Investments Limited0.32%
Urvi Jindal0.2%
Jindal Equipment Leasing And Consultancy Services Limited0.12%
Deepika Jindal0.11%
Stainless Investments Limited0.1%
Sun Investments Private Limited0.1%
PRJ Family Management Company Private Limited0.1%
Abhinandan Tradex Limited0.07%
Mansarover Tradex Limited0.06%
R K Jindal & Sons HUF(Karta: Mr. Ratan Jindal)0.04%
Sangita Jindal0.04%
Savitri Devi Jindal0.04%
Naveen Jindal & Sons HUF(Karta: Mr. Naveen Jindal)0.04%
P R Jindal HUF(Karta: Mr. P R Jindal)0.02%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Shalimar Paints Better than it's peers?

Detailed comparison of Shalimar Paints against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
ASIANPAINTAsian Paints2.54 LCr35.35 kCr+6.50%+13.70%65.987.18--
BERGEPAINTBerger Paints India60.12 kCr11.99 kCr+12.00%-5.90%53.325.02--
KANSAINERKansai Nerolac Paints17.62 kCr8.2 kCr+10.40%-14.50%29.92.15--
AKZOINDIAAkzo Nobel India13.21 kCr3.72 kCr-1.60%-16.30%6.693.55--
INDIGOPNTSIndigo Paints4.72 kCr1.42 kCr+15.20%-5.20%32.563.33--

Sector Comparison: SHALPAINTS vs Consumer Durables

Comprehensive comparison against sector averages

Comparative Metrics

SHALPAINTS metrics compared to Consumer

CategorySHALPAINTSConsumer
PE-6.4951.16
PS0.711.41
Growth6.6 %14.4 %
0% metrics above sector average
Key Insights
  • 1. SHALPAINTS is NOT among the Top 10 largest companies in Consumer Durables.
  • 2. The company holds a market share of 0.1% in Consumer Durables.
  • 3. In last one year, the company has had a below average growth that other Consumer Durables companies.

Income Statement for Shalimar Paints

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024Mar-2023Mar-2022Mar-2021
Revenue From Operations-3.8%576599535486358326
Other Income-37.6%6.529.848.127.214.637.19
Total Income-4.4%582609543493363333
Cost of Materials-17.9%322392363346253198
Purchases of stock-in-trade12.5%373331241822
Employee Expense-14.1%687977534137
Finance costs41.2%251813162219
Depreciation and Amortization26.7%201615131313
Other expenses1.4%143141124907163
Total Expenses-6.7%643689617529416355
Profit Before exceptional items and Tax23.9%-60.79-80.16-73.85-36.15-53.48-21.79
Exceptional items before tax--4.6000-10.76-2
Total profit before tax18.2%-65.39-80.16-73.85-36.15-64.24-23.79
Current tax-000000
Deferred tax--0.44000026
Total tax--0.44000026
Total profit (loss) for period18.7%-64.95-80.16-73.85-36.15-64.24-49.87
Other comp. income net of taxes-82.8%1.111.640.060.45-1.830.14
Total Comprehensive Income18.5%-63.84-78.52-73.79-35.7-66.07-49.73
Earnings Per Share, Basic17.2%-7.76-9.58-9.52-5.01-11.46-10.86
Earnings Per Share, Diluted17.2%-7.76-9.58-9.52-5.01-11.46-10.86
Description(%) Q/QMar-2026Dec-2025Sep-2025Jun-2025Mar-2025Dec-2024
Revenue From Operations19.2%156131134153178148
Other Income47.8%0.880.773.311.566.760.83
Total Income19.1%157132137155185149
Cost of Materials9.2%8477738811776
Purchases of stock-in-trade-33.5%6.859.89.349.884.556.03
Employee Expense-18.8%141718191720
Finance costs-23.1%5.657.056.496.154.875.41
Depreciation and Amortization-1%5.145.184.74.544.064.08
Other expenses11.8%393534364035
Total Expenses7.2%165154151172194173
Profit Before exceptional items and Tax61.7%-7.83-22.05-14.14-16.67-9.52-23.98
Exceptional items before tax82.1%0-4.60000
Total profit before tax68.1%-7.83-26.65-14.14-16.67-9.52-23.98
Deferred tax--0.4400000
Total tax--0.4400000
Total profit (loss) for period69.7%-7.39-26.65-14.14-16.67-9.52-23.98
Other comp. income net of taxes64.9%0.670.060.210.171.30.37
Total Comprehensive Income72%-6.72-26.59-13.93-16.5-8.22-23.61
Earnings Per Share, Basic55%-0.88-3.18-1.69-1.99-1.14-2.86
Earnings Per Share, Diluted55%-0.88-3.18-1.69-1.99-1.14-2.86
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024Mar-2023Mar-2022Mar-2021
Revenue From Operations-5%569599535486358326
Other Income-33.9%6.869.868.177.215.017.53
Total Income-5.4%576609543493363333
Cost of Materials-18.7%319392363346253198
Purchases of stock-in-trade15.6%383331241822
Employee Expense-15.4%677977534137
Finance costs41.2%251813162219
Depreciation and Amortization26.7%201615131313
Other expenses-1.4%139141124907163
Total Expenses-7.8%635689617529416355
Profit Before exceptional items and Tax26.3%-58.74-80.11-73.75-36.1-53.09-21.43
Exceptional items before tax--4.6000-10.76-2
Total profit before tax20.7%-63.34-80.11-73.75-36.1-63.85-23.43
Current tax-000000
Deferred tax-0000026
Total tax-0000026
Total profit (loss) for period20.7%-63.34-80.11-73.75-36.1-63.85-49.51
Other comp. income net of taxes-82.8%1.111.640.060.45-1.830.14
Total Comprehensive Income20.4%-62.23-78.47-73.69-35.65-65.68-49.37
Earnings Per Share, Basic18.9%-7.57-9.57-9.51-5-11.39-9.12
Earnings Per Share, Diluted18.9%-7.57-9.579.51-5-11.39-9.12
Description(%) Q/QMar-2026Dec-2025Sep-2025Jun-2025Mar-2025Dec-2024
Revenue From Operations17.8%153130132153178148
Other Income188.2%1.150.833.321.566.760.83
Total Income17.7%154131135155185149
Cost of Materials9.5%8275738811776
Purchases of stock-in-trade-8.3%9.25108.649.884.556.03
Employee Expense-18.8%141717191720
Finance costs-24.2%5.587.046.496.154.875.41
Depreciation and Amortization-1%5.135.174.74.534.054.08
Other expenses-2.9%343533364035
Total Expenses4.6%160153149172194173
Profit Before exceptional items and Tax68.8%-6.18-22.02-13.87-16.66-9.51-23.98
Exceptional items before tax82.1%0-4.60000
Total profit before tax74%-6.18-26.62-13.87-16.66-9.51-23.98
Total profit (loss) for period74%-6.18-26.62-13.87-16.66-9.51-23.98
Other comp. income net of taxes64.9%0.670.060.210.171.30.37
Total Comprehensive Income76.4%-5.51-26.56-13.66-16.49-8.21-23.61
Earnings Per Share, Basic58.4%-0.74-3.18-1.66-1.99-1.14-2.86
Earnings Per Share, Diluted58.4%-0.74-3.18-1.66-1.99-1.14-2.86

Balance Sheet for Shalimar Paints

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2026Sep-2025Mar-2025Sep-2024Mar-2024Sep-2023
Cash and cash equivalents3.7%7.146.927.0621500.79
Loans, current-1800000
Total current financial assets15%231201205177216153
Inventories-17.2%102123134152116116
Current tax assets----001
Total current assets-2.9%333343355350345283
Property, plant and equipment-2.3%294301299266272270
Capital work-in-progress-103.5%0.01292652345.9
Investment property-2.87-000-
Loans, non-current-000000
Total non-current financial assets35.5%2.682.248.95.521.661.44
Total non-current assets-10.8%308345347339325289
Total assets-6.8%641688702689670571
Borrowings, non-current-107.1%0151718208.32
Total non-current financial liabilities-82.8%4.27202519228.44
Provisions, non-current79.9%7.14.394.587.257.566.99
Total non-current liabilities-53.8%132732293218
Borrowings, current-4.9%15716513514283119
Total current financial liabilities-1.1%365369348299229219
Provisions, current38.6%4.233.333.02109.3111
Total current liabilities0%376376355313244236
Total liabilities-3.5%389403387343276254
Equity share capital0%171717171714
Total equity-11.7%251284315347393318
Total equity and liabilities-6.8%641688702689670571
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2026Sep-2025Mar-2025Sep-2024Mar-2024Sep-2023
Cash and cash equivalents3.8%7.086.86721500.73
Current investments-00000.040.02
Loans, current1352.8%5.510.640000
Total current financial assets-4.5%192201205177216153
Inventories-17.2%102123134152116116
Current tax assets--0-001
Total current assets-10.3%307342355350345282
Property, plant and equipment7.3%294274272238245243
Capital work-in-progress-103.5%0.01292652345.9
Investment property-2.87-0-0-
Non-current investments-24.5%6.978.918.95.885.845.86
Loans, non-current-0003.0132.98
Total non-current financial assets40%151118141010
Total non-current assets-3.7%314326329321306270
Total assets-6.9%622668684671651553
Borrowings, non-current-107.1%0151718208.32
Total non-current financial liabilities-83.1%4.21202519228.44
Provisions, non-current79.9%7.14.394.587.258.546.99
Total non-current liabilities-58.3%112530273115
Borrowings, current-4.9%15716513514283119
Total current financial liabilities-8.2%336366347299229219
Provisions, current58.1%4.132.983.02108.3311
Total current liabilities-0.3%373374355313243236
Total liabilities-3.5%384398385340274251
Equity share capital0%171717171714
Total equity-11.9%238270299331377302
Total equity and liabilities-6.9%622668684671651553

Cash Flow for Shalimar Paints

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024Mar-2023Mar-2022Mar-2021
Finance costs-105.4%0.0918131622-
Change in inventories219.3%32-24.99-2.89-22.22-13.35-
Depreciation26.7%2016151313-
Unrealised forex losses/gains10.7%0-0.12-0.03-0.110-
Adjustments for interest income-006.35.121.76-
Share-based payments52.9%0.680.32000-
Net Cashflows from Operations109.1%5.92-53.3618-47.39-40.08-
Interest paid--25.340000-
Interest received84.7%0.14-4.62000-
Income taxes paid (refund)-170.3%00.630.10.540.24-
Net Cashflows From Operating Activities150.3%31-58.6118-47.93-40.32-
Proceeds from sales of PPE-110.9%0.2481.570.030-
Purchase of property, plant and equipment-103.2%03257114.82-
Purchase of intangible assets under development-100000-
Interest received-141.7%03.48.022.81.77-
Other inflows (outflows) of cash-105%0.736.4-3.73-75.41-0.23-
Net Cashflows From Investing Activities33.9%-9.21-14.44-51.35-83.78-3.28-
Proceeds from issuing shares-001120215-
Proceeds from issuing other equity instruments-000380-
Proceeds from issuing debt-000055-
Proceeds from borrowings-62.1%23593305.54-
Repayments of borrowings72.7%2012152848-
Payments of lease liabilities74.3%3.582.481.4200-
Interest paid43.8%2417131522-
Income taxes paid (refund)--0.640000-
Other inflows (outflows) of cash-00-54.3300-
Net Cashflows from Financing Activities-196.4%-24.072763-6.87206-
Net change in cash and cash eq.93.8%-1.88-45.7429-138.58162-
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024Mar-2023Mar-2022Mar-2021
Finance costs-105.9%018131622-
Change in inventories219.3%32-24.99-2.89-22.22-13.35-
Depreciation26.7%2016151313-
Impairment loss / reversal-00000.03-
Unrealised forex losses/gains10.7%0-0.12-0.03-0.110-
Adjustments for interest income-127.6%04.62-6.355.112.11-
Share-based payments52.9%0.680.32000-
Net Cashflows from Operations115.2%9.94-5830-47.38-40.45-
Interest paid--25.2601300-
Interest received--3.580000-
Income taxes paid (refund)-170.3%00.630.10.540.23-
Net Cashflows From Operating Activities152%32-58.6318-47.92-40.68-
Proceeds from sales of PPE-0.2401.570.030-
Purchase of property, plant and equipment-103.2%03257114.82-
Proceeds from sales of investment property-114.3%08000-
Purchase of intangible assets under development-100000-
Cash receipts from repayment of advances and loans made to other parties--5.510000-
Interest received-12.5%3.13.48.022.82.11-
Other inflows (outflows) of cash-105%0.736.4-3.73-75.41-0.22-
Net Cashflows From Investing Activities19.3%-11.45-14.43-51.39-83.78-2.93-
Proceeds from issuing shares-001120215-
Proceeds from issuing other equity instruments-000380-
Proceeds from issuing debt-000055-
Proceeds from borrowings-62.1%23593305.54-
Repayments of borrowings54.5%1812152848-
Payments of lease liabilities74.3%3.582.481.4200-
Interest paid43.8%2417131522-
Income taxes paid (refund)--0.640000-
Other inflows (outflows) of cash-00-54.3300-
Net Cashflows from Financing Activities-188.7%-22.052763-6.87206-
Net change in cash and cash eq.93.8%-1.88-45.7529-138.57162-

What does Shalimar Paints Ltd. do?

Paints•Consumer Durables•Small Cap

Shalimar Paints Limited engages in the manufacture and sale of paints and coatings in India and internationally. It offers decorative paints for interior and exterior surfaces, concrete, plasters, metals etc.; and marine coatings for antifouling paint of boats, fishing trawlers, and other ground marine structures. The company also provides emulsions, enamels, distemper, primer, epoxy, pipeline, protective, can, aluminum, and zinc rich coatings, as well as putty, cement-based, finishes, floors, and waterproofing paint products. It offers its products under the Signature, Weather PRO+, Hero, and XTRA TOUGH brand names. In addition, the company also provides a tinting systems under the Color Space brand name. Shalimar Paints Limited was incorporated in 1902 and is based in Gurugram, India.

Industry Group:Consumer Durables
Employees:896
Website:www.shalimarpaints.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

Performance Comparison

SHALPAINTS vs Consumer (2021 - 2026)

Although SHALPAINTS is underperforming relative to the broader Consumer sector, it has achieved a 1.1% year-over-year increase.