SHALPAINTS - Shalimar Paints Ltd. Share Price

Consumer Durables

₹75.14-0.31(-0.41%)

Market Closed as of Aug 8, 2025, 15:30 IST

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Valuation
Market Cap	707.53 Cr
Price/Earnings (Trailing)	-8.83
Price/Sales (Trailing)	1.16
EV/EBITDA	-18.21
Price/Free Cashflow	-7.79
MarketCap/EBT	-8.83
Enterprise Value	853.02 Cr

Fundamentals
Revenue (TTM)	608.9 Cr
Rev. Growth (Yr)	25.7%
Earnings (TTM)	-80.16 Cr
Earnings Growth (Yr)	64%

Profitability
Operating Margin	-13%
EBT Margin	-13%
Return on Equity	-25.45%
Return on Assets	-11.41%
Free Cashflow Yield	-12.84%

Price to Sales Ratio

Latest reported: 1

Revenue (Last 12 mths)

Latest reported: 609 Cr

Net Income (Last 12 mths)

Latest reported: -8 Cr

Growth & Returns
Price Change 1W	-12.5%
Price Change 1M	-13.8%
Price Change 6M	-36%
Price Change 1Y	-40.3%
3Y Cumulative Return	-19.8%
5Y Cumulative Return	7.4%
7Y Cumulative Return	-1.4%
10Y Cumulative Return	-0.90%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-14.44 Cr
Cash Flow from Operations (TTM)	-58.61 Cr
Cash Flow from Financing (TTM)	27.31 Cr
Cash & Equivalents	7.06 Cr
Free Cash Flow (TTM)	-90.85 Cr
Free Cash Flow/Share (TTM)	-10.85

Balance Sheet
Total Assets	702.28 Cr
Total Liabilities	387.3 Cr
Shareholder Equity	314.98 Cr
Current Assets	355.29 Cr
Current Liabilities	354.91 Cr
Net PPE	299.08 Cr
Inventory	133.87 Cr
Goodwill	0.00

Capital Structure & Leverage
Debt Ratio	0.22
Debt/Equity	0.48
Interest Coverage	-5.57
Interest/Cashflow Ops	-2.34

Dividend & Shareholder Returns
Dividend Yield	2.07%
Shares Dilution (1Y)	0.00%
Shares Dilution (3Y)	15.9%

Risk & Volatility
Max Drawdown	-43.3%
Drawdown Prob. (30d, 5Y)	27.69%
Risk Level (5Y)	44.8%

Pros

Balance Sheet: Strong Balance Sheet.

Dividend: Dividend paying stock. Dividend yield of 2.07%.

Technicals: Bullish SharesGuru indicator.

Growth: Good revenue growth. With 67.8% growth over past three years, the company is going strong.

Cons

Smart Money: Smart money is losing interest in the stock.

Past Returns: Underperforming stock! In past three years, the stock has provided -19.8% return compared to 14.6% by NIFTY 50.

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

Momentum: Stock is suffering a negative price momentum. Stock is down -13.8% in last 30 days.

Profitability: Poor Profitability. Recent profit margins are negative at -13%.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	2.07%
Shares Dilution (1Y)	0.00%
Earnings/Share (TTM)	-9.57

Financial Health
Current Ratio	1
Debt/Equity	0.48

Technical Indicators
RSI (14d)	22.08
RSI (5d)	0.00
RSI (21d)	24.44
MACD Signal	Sell
Stochastic Oscillator Signal	Buy
Grufity Signal	Buy
RSI Signal	Buy
RSI5 Signal	Buy
RSI21 Signal	Buy
SMA 5 Signal	Sell
SMA 10 Signal	Sell
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

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.

Earnings Outlook

Last updated:

Q&A Session

Last updated:

Share Holdings

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

Holding Pattern

Major Shareholders

Share Holding Details

Shareholder Name	Holding %
Hella Infra Market Limited	52.85%
Virtuous Tradecorp Private Limited	12.62%
JSL Limited	3.2%
Hexa Securities and Finance Company Limited	1.79%
Nalwa Sons Investments Limited	1.64%
Colorado Trading Company Private Limited	1.46%
Zaki Abbas Nasser	1.13%
Nalwa Investments Limited	0.32%
Urvi Jindal	0.2%
Jindal Equipment Leasing And Consultancy Services Limited	0.12%
Deepika Jindal	0.11%
Stainless Investments Limited	0.1%
Sun Investments Private Limited	0.1%
PRJ Family Management Company Private Limited	0.1%
Abhinandan Tradex Limited	0.07%
Mansarover Tradex Limited	0.06%
R K Jindal & Sons HUF(Karta: Mr. Ratan Jindal)	0.04%
Sangita Jindal	0.04%
Savitri Devi Jindal	0.04%
Naveen Jindal & Sons HUF(Karta: Mr. Naveen Jindal)	0.04%

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
ASIANPAINT	Asian Paints	2.24 LCr	34.48 kCr	+2.50%	-19.50%	61.08	6.5	-	-
BERGEPAINT	Berger Paints India	65.06 kCr	11.64 kCr	-1.80%	+5.20%	55.14	5.59	-	-
KANSAINER	Kansai Nerolac Paints	19.8 kCr	7.96 kCr	+0.50%	-10.90%	17.32	2.49	-	-
AKZOINDIA	Akzo Nobel India	17.15 kCr	4.12 kCr	+16.20%	+34.40%	39.94	4.16	-	-
INDIGOPNTS	Indigo Paints	5.43 kCr	1.36 kCr	-2.90%	-22.80%	38.32	4	-	-

Sector Comparison: SHALPAINTS vs Consumer Durables

Comprehensive comparison against sector averages

Comparative Metrics

SHALPAINTS metrics compared to Consumer

Category	SHALPAINTS	Consumer
PE	-8.83	62.92
PS	1.16	1.92
Growth	12.1 %	19.1 %

Performance Comparison

SHALPAINTS vs Consumer (2021 - 2025)

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) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	12%	599	535	486	358	326	344
Other Income	24.2%	9.84	8.12	7.21	4.63	7.19	1.13
Total Income	12.2%	609	543	493	363	333	345
Cost of Materials	8%	392	363	346	253	198	219
Purchases of stock-in-trade	6.7%	33	31	24	18	22	25
Employee Expense	2.6%	79	77	53	41	37	49
Finance costs	41.7%	18	13	16	22	19	20
Depreciation and Amortization	7.1%	16	15	13	13	13	11
Other expenses	13.8%	141	124	90	71	63	96
Total Expenses	11.7%	689	617	529	416	355	408
Profit Before exceptional items and Tax	-8.4%	-80.16	-73.85	-36.15	-53.48	-21.79	-63.1
Exceptional items before tax	-	0	0	0	-10.76	-2	6.95
Total profit before tax	-8.4%	-80.16	-73.85	-36.15	-64.24	-23.79	-56.15
Current tax	-	0	0	0	0	0	-17.97
Deferred tax	-	0	0	0	0	26	0
Total tax	-	0	0	0	0	26	-17.97
Total profit (loss) for period	-8.4%	-80.16	-73.85	-36.15	-64.24	-49.87	-38.18
Other comp. income net of taxes	168.1%	1.64	0.06	0.45	-1.83	0.14	0.15
Total Comprehensive Income	-6.3%	-78.52	-73.79	-35.7	-66.07	-49.73	-38.03
Earnings Per Share, Basic	-0.6%	-9.58	-9.52	-5.01	-11.46	-10.86	-7.023
Earnings Per Share, Diluted	-0.6%	-9.58	-9.52	-5.01	-11.46	-10.86	-703

Description	(%) Q/Q	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023
Revenue From Operations	20.4%	178	148	145	128	144	146
Other Income	3488.2%	6.76	0.83	1.39	0.86	2.64	1.6
Total Income	24.3%	185	149	146	129	147	147
Cost of Materials	54.7%	117	76	102	97	95	102
Purchases of stock-in-trade	-29.4%	4.55	6.03	13	9.05	7.9	7.54
Employee Expense	-15.8%	17	20	20	22	21	19
Finance costs	-12.2%	4.87	5.41	4.39	2.88	2.17	2.49
Depreciation and Amortization	-0.6%	4.06	4.08	3.79	3.84	4.4	3.69
Other expenses	14.7%	40	35	32	34	35	33
Total Expenses	12.2%	194	173	166	156	173	159
Profit Before exceptional items and Tax	57.9%	-9.52	-23.98	-19.62	-27.04	-26.42	-11.54
Total profit before tax	57.9%	-9.52	-23.98	-19.62	-27.04	-26.42	-11.54
Total profit (loss) for period	57.9%	-9.52	-23.98	-19.62	-27.04	-26.42	-11.54
Other comp. income net of taxes	147.6%	1.3	0.37	0.25	-0.28	0.18	0.26
Total Comprehensive Income	62.5%	-8.22	-23.61	-19.37	-27.32	-26.24	-11.28
Earnings Per Share, Basic	44.6%	-1.14	-2.86	-2.34	-3.23	-3.16	-1.4
Earnings Per Share, Diluted	44.6%	-1.14	-2.86	-2.34	-3.23	-3.16	-1.4

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	12%	599	535	486	358	326	344
Other Income	23.6%	9.86	8.17	7.21	5.01	7.53	1.42
Total Income	12.2%	609	543	493	363	333	345
Cost of Materials	8%	392	363	346	253	198	219
Purchases of stock-in-trade	6.7%	33	31	24	18	22	25
Employee Expense	2.6%	79	77	53	41	37	49
Finance costs	41.7%	18	13	16	22	19	20
Depreciation and Amortization	7.1%	16	15	13	13	13	11
Other expenses	13.8%	141	124	90	71	63	96
Total Expenses	11.7%	689	617	529	416	355	408
Profit Before exceptional items and Tax	-8.5%	-80.11	-73.75	-36.1	-53.09	-21.43	-62.8
Exceptional items before tax	-	0	0	0	-10.76	-2	6.95
Total profit before tax	-8.5%	-80.11	-73.75	-36.1	-63.85	-23.43	-55.85
Current tax	-	0	0	0	0	0	18
Deferred tax	-	0	0	0	0	26	0
Total tax	-	0	0	0	0	26	18
Total profit (loss) for period	-8.5%	-80.11	-73.75	-36.1	-63.85	-49.51	-73.82
Other comp. income net of taxes	168.1%	1.64	0.06	0.45	-1.83	0.14	0.15
Total Comprehensive Income	-6.4%	-78.47	-73.69	-35.65	-65.68	-49.37	-73.67
Earnings Per Share, Basic	-0.6%	-9.57	-9.51	-5	-11.39	-9.12	-6.98
Earnings Per Share, Diluted	-224.2%	-9.57	9.51	-5	-11.39	-9.12	-6.98

Description	(%) Q/Q	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023
Revenue From Operations	20.4%	178	148	145	128	144	146
Other Income	3488.2%	6.76	0.83	1.39	0.88	2.65	1.61
Total Income	24.3%	185	149	146	129	147	147
Cost of Materials	54.7%	117	76	102	97	95	102
Purchases of stock-in-trade	-29.4%	4.55	6.03	13	9.05	7.9	7.54
Employee Expense	-15.8%	17	20	20	22	21	19
Finance costs	-12.2%	4.87	5.41	4.39	2.88	2.17	2.49
Depreciation and Amortization	-1%	4.05	4.08	3.78	3.84	4.39	3.69
Other expenses	14.7%	40	35	32	34	35	33
Total Expenses	12.2%	194	173	166	156	173	159
Profit Before exceptional items and Tax	57.9%	-9.51	-23.98	-19.6	-27.02	-26.37	-11.51
Total profit before tax	57.9%	-9.51	-23.98	-19.6	-27.02	-26.37	-11.51
Total profit (loss) for period	57.9%	-9.51	-23.98	-19.6	-27.02	-26.37	-11.51
Other comp. income net of taxes	147.6%	1.3	0.37	0.25	-0.28	0.18	0.26
Total Comprehensive Income	62.6%	-8.21	-23.61	-19.35	-27.3	-26.19	-11.25
Earnings Per Share, Basic	44.6%	-1.14	-2.86	-2.34	-3.23	-3.15	-1.4
Earnings Per Share, Diluted	44.6%	-1.14	-2.86	-2.34	-3.23	-3.15	-1.4

Balance Sheet for Shalimar Paints

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-69.7%	7.06	21	50	0.79	21	0.8
Loans, current	-	0	0	0	0	0	0
Total current financial assets	15.9%	205	177	216	153	219	182
Inventories	-11.9%	134	152	116	116	114	107
Current tax assets	-	-	0	0	1	1	3.25
Total current assets	1.4%	355	350	345	283	345	304
Property, plant and equipment	12.5%	299	266	272	270	269	269
Capital work-in-progress	-51%	26	52	34	5.9	1.71	1.3
Investment property	-	0	0	0	-	0	0
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	74.8%	8.9	5.52	1.66	1.44	1.42	2.21
Total non-current assets	2.4%	347	339	325	289	278	276
Total assets	1.9%	702	689	670	571	624	580
Borrowings, non-current	-5.9%	17	18	20	8.32	15	75
Total non-current financial liabilities	33.3%	25	19	22	8.44	15	76
Provisions, non-current	-42.7%	4.58	7.25	7.56	6.99	6.02	13
Total non-current liabilities	10.7%	32	29	32	18	24	91
Borrowings, current	-5%	135	142	83	119	124	23
Total current financial liabilities	16.4%	348	299	229	219	232	113
Provisions, current	-77.6%	3.02	10	9.31	11	11	1.04
Total current liabilities	13.5%	355	313	244	236	248	121
Total liabilities	12.9%	387	343	276	254	271	213
Equity share capital	0%	17	17	17	14	14	14
Total equity	-9.2%	315	347	393	318	353	368
Total equity and liabilities	1.9%	702	689	670	571	624	580

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-70%	7	21	50	0.73	21	0.74
Current investments	-	0	0	0.04	0.02	0.04	0
Loans, current	-	0	0	0	0	0	0
Total current financial assets	15.9%	205	177	216	153	219	182
Inventories	-11.9%	134	152	116	116	114	107
Current tax assets	-	-	0	0	1	1	3.25
Total current assets	1.4%	355	350	345	282	345	304
Property, plant and equipment	14.3%	272	238	245	243	242	242
Capital work-in-progress	-51%	26	52	34	5.9	1.71	1.3
Investment property	-	0	-	0	-	0	0
Non-current investments	61.9%	8.9	5.88	5.84	5.86	5.83	6.14
Loans, non-current	-149.8%	0	3.01	3	2.98	2.95	2.95
Total non-current financial assets	30.8%	18	14	10	10	10	11
Total non-current assets	2.5%	329	321	306	270	260	258
Total assets	1.9%	684	671	651	553	605	562
Borrowings, non-current	-5.9%	17	18	20	8.32	15	75
Total non-current financial liabilities	33.3%	25	19	22	8.44	15	76
Provisions, non-current	-42.7%	4.58	7.25	8.54	6.99	6.02	13
Total non-current liabilities	11.5%	30	27	31	15	21	89
Borrowings, current	-5%	135	142	83	119	124	23
Total current financial liabilities	16.1%	347	299	229	219	232	113
Provisions, current	-77.6%	3.02	10	8.33	11	11	1.04
Total current liabilities	13.5%	355	313	243	236	248	121
Total liabilities	13.3%	385	340	274	251	269	210
Equity share capital	0%	17	17	17	14	14	14
Total equity	-9.7%	299	331	377	302	337	352
Total equity and liabilities	1.9%	684	671	651	553	605	562

Cash Flow for Shalimar Paints

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	41.7%	18	13	16	22	-	-
Change in inventories	-568.1%	-24.99	-2.89	-22.22	-13.35	-	-
Depreciation	7.1%	16	15	13	13	-	-
Unrealised forex losses/gains	-8.7%	-0.12	-0.03	-0.11	0	-	-
Adjustments for interest income	-118.9%	0	6.3	5.12	1.76	-	-
Share-based payments	-	0.32	0	0	0	-	-
Net Cashflows from Operations	-419.8%	-53.36	18	-47.39	-40.08	-	-
Interest received	-	-4.62	0	0	0	-	-
Income taxes paid (refund)	58.9%	0.63	0.1	0.54	0.24	-	-
Net Cashflows From Operating Activities	-450.6%	-58.61	18	-47.93	-40.32	-	-
Proceeds from sales of PPE	1128.1%	8	1.57	0.03	0	-	-
Purchase of property, plant and equipment	-44.6%	32	57	11	4.82	-	-
Interest received	-65.8%	3.4	8.02	2.8	1.77	-	-
Other inflows (outflows) of cash	214.2%	6.4	-3.73	-75.41	-0.23	-	-
Net Cashflows From Investing Activities	70.5%	-14.44	-51.35	-83.78	-3.28	-	-
Proceeds from issuing shares	-100.9%	0	112	0	215	-	-
Proceeds from issuing other equity instruments	-	0	0	38	0	-	-
Proceeds from issuing debt	-	0	0	0	55	-	-
Proceeds from borrowings	81.2%	59	33	0	5.54	-	-
Repayments of borrowings	-21.4%	12	15	28	48	-	-
Payments of lease liabilities	252.4%	2.48	1.42	0	0	-	-
Interest paid	33.3%	17	13	15	22	-	-
Other inflows (outflows) of cash	98.2%	0	-54.33	0	0	-	-
Net Cashflows from Financing Activities	-58.1%	27	63	-6.87	206	-	-
Net change in cash and cash eq.	-266.9%	-45.74	29	-138.58	162	-	-

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	41.7%	18	13	16	22	-	-
Change in inventories	-568.1%	-24.99	-2.89	-22.22	-13.35	-	-
Depreciation	7.1%	16	15	13	13	-	-
Impairment loss / reversal	-	0	0	0	0.03	-	-
Unrealised forex losses/gains	-8.7%	-0.12	-0.03	-0.11	0	-	-
Adjustments for interest income	149.3%	4.62	-6.35	5.11	2.11	-	-
Share-based payments	-	0.32	0	0	0	-	-
Net Cashflows from Operations	-303.4%	-58	30	-47.38	-40.45	-	-
Interest paid	-108.3%	0	13	0	0	-	-
Income taxes paid (refund)	58.9%	0.63	0.1	0.54	0.23	-	-
Net Cashflows From Operating Activities	-450.8%	-58.63	18	-47.92	-40.68	-	-
Proceeds from sales of PPE	-275.4%	0	1.57	0.03	0	-	-
Purchase of property, plant and equipment	-44.6%	32	57	11	4.82	-	-
Proceeds from sales of investment property	-	8	0	0	0	-	-
Interest received	-65.8%	3.4	8.02	2.8	2.11	-	-
Other inflows (outflows) of cash	214.2%	6.4	-3.73	-75.41	-0.22	-	-
Net Cashflows From Investing Activities	70.5%	-14.43	-51.39	-83.78	-2.93	-	-
Proceeds from issuing shares	-100.9%	0	112	0	215	-	-
Proceeds from issuing other equity instruments	-	0	0	38	0	-	-
Proceeds from issuing debt	-	0	0	0	55	-	-
Proceeds from borrowings	81.2%	59	33	0	5.54	-	-
Repayments of borrowings	-21.4%	12	15	28	48	-	-
Payments of lease liabilities	252.4%	2.48	1.42	0	0	-	-
Interest paid	33.3%	17	13	15	22	-	-
Other inflows (outflows) of cash	98.2%	0	-54.33	0	0	-	-
Net Cashflows from Financing Activities	-58.1%	27	63	-6.87	206	-	-
Net change in cash and cash eq.	-267%	-45.75	29	-138.57	162	-	-

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

SHALPAINTS - Shalimar Paints Ltd. Share Price

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Risk & Volatility

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Shalimar Paints Ltd. do?