SHALPAINTS - Shalimar Paints Ltd. Share Price

Consumer Durables

₹108.28-1.29(-1.18%)

Market Open as of Apr 28, 2025, 14:09 IST

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

Income Statement for Shalimar Paints

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

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	2.1%	148	145	128	144	146	119
Other Income	-143.6%	0.83	1.39	0.88	2.65	1.61	2.3
Total Income	2.1%	149	146	129	147	147	121
Cost of Materials	-25.7%	76	102	97	95	102	78
Purchases of stock-in-trade	-58.1%	6.03	13	9.05	7.9	7.54	7.47
Employee Expense	0%	20	20	22	21	19	19
Finance costs	30.1%	5.41	4.39	2.88	2.17	2.49	4.33
Depreciation and Amortization	10.8%	4.08	3.78	3.84	4.39	3.69	3.46
Other expenses	9.7%	35	32	34	35	33	29
Total Expenses	4.2%	173	166	156	173	159	147
Profit Before exceptional items and Tax	-21.3%	-23.98	-19.6	-27.02	-26.37	-11.51	-25.61
Total profit before tax	-21.3%	-23.98	-19.6	-27.02	-26.37	-11.51	-25.61
Total profit (loss) for period	-21.3%	-23.98	-19.6	-27.02	-26.37	-11.51	-25.61
Other comp. income net of taxes	16%	0.37	0.25	-0.28	0.18	0.26	0.06
Total Comprehensive Income	-20.9%	-23.61	-19.35	-27.3	-26.19	-11.25	-25.55
Earnings Per Share, Basic	-15.6%	-2.86	-2.34	-3.23	-3.15	-1.4	-3.55
Earnings Per Share, Diluted	-15.6%	-2.86	-2.34	-3.23	-3.15	-1.4	-3.55

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	10.1%	535	486	358	326	344	288
Other Income	15.5%	8.17	7.21	5.01	7.53	1.42	2.3
Total Income	10.2%	543	493	363	333	345	290
Cost of Materials	4.9%	363	346	253	198	219	194
Purchases of stock-in-trade	30.4%	31	24	18	22	25	19
Employee Expense	46.2%	77	53	41	37	49	42
Finance costs	-20%	13	16	22	19	20	25
Depreciation and Amortization	16.7%	15	13	13	13	11	8.47
Other expenses	38.2%	124	90	71	63	96	87
Total Expenses	16.7%	617	529	416	355	408	383
Profit Before exceptional items and Tax	-101.5%	-73.75	-36.1	-53.09	-21.43	-62.8	-93.16
Exceptional items before tax	-	0	0	-10.76	-2	6.95	-15.68
Total profit before tax	-101.5%	-73.75	-36.1	-63.85	-23.43	-55.85	-108.84
Current tax	-	0	0	0	0	18	0
Deferred tax	-	0	0	0	26	0	-27.3
Total tax	-	0	0	0	26	18	-27.3
Total profit (loss) for period	-101.5%	-73.75	-36.1	-63.85	-49.51	-73.82	-81.54
Other comp. income net of taxes	-70.9%	0.06	0.45	-1.83	0.14	0.15	-0.57
Total Comprehensive Income	-103.8%	-73.69	-35.65	-65.68	-49.37	-73.67	-82.11
Earnings Per Share, Basic	-75.2%	-9.51	-5	-11.39	-9.12	-6.98	-15.2
Earnings Per Share, Diluted	241.8%	9.51	-5	-11.39	-9.12	-6.98	-15.2

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

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	2.1%	148	145	128	144	146	119
Other Income	-143.6%	0.83	1.39	0.86	2.64	1.6	2.27
Total Income	2.1%	149	146	129	147	147	121
Cost of Materials	-25.7%	76	102	97	95	102	78
Purchases of stock-in-trade	-58.1%	6.03	13	9.05	7.9	7.54	7.47
Employee Expense	0%	20	20	22	21	19	19
Finance costs	30.1%	5.41	4.39	2.88	2.17	2.49	4.33
Depreciation and Amortization	10.4%	4.08	3.79	3.84	4.4	3.69	3.47
Other expenses	9.7%	35	32	34	35	33	29
Total Expenses	4.2%	173	166	156	173	159	147
Profit Before exceptional items and Tax	-21.1%	-23.98	-19.62	-27.04	-26.42	-11.54	-25.62
Total profit before tax	-21.1%	-23.98	-19.62	-27.04	-26.42	-11.54	-25.62
Total profit (loss) for period	-21.1%	-23.98	-19.62	-27.04	-26.42	-11.54	-25.62
Other comp. income net of taxes	16%	0.37	0.25	-0.28	0.18	0.26	0.06
Total Comprehensive Income	-20.8%	-23.61	-19.37	-27.32	-26.24	-11.28	-25.56
Earnings Per Share, Basic	-15.6%	-2.86	-2.34	-3.23	-3.16	-1.4	-3.55
Earnings Per Share, Diluted	-15.6%	-2.86	-2.34	-3.23	-3.16	-1.4	-3.55

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	10.1%	535	486	358	326	344	288
Other Income	14.7%	8.12	7.21	4.63	7.19	1.13	2.04
Total Income	10.2%	543	493	363	333	345	290
Cost of Materials	4.9%	363	346	253	198	219	194
Purchases of stock-in-trade	30.4%	31	24	18	22	25	19
Employee Expense	46.2%	77	53	41	37	49	42
Finance costs	-20%	13	16	22	19	20	25
Depreciation and Amortization	16.7%	15	13	13	13	11	8.49
Other expenses	38.2%	124	90	71	63	96	87
Total Expenses	16.7%	617	529	416	355	408	383
Profit Before exceptional items and Tax	-101.5%	-73.85	-36.15	-53.48	-21.79	-63.1	-93.45
Exceptional items before tax	-	0	0	-10.76	-2	6.95	-15.68
Total profit before tax	-101.5%	-73.85	-36.15	-64.24	-23.79	-56.15	-109.13
Current tax	-	0	0	0	0	-17.97	0
Deferred tax	-	0	0	0	26	0	-27.39
Total tax	-	0	0	0	26	-17.97	-27.39
Total profit (loss) for period	-101.5%	-73.85	-36.15	-64.24	-49.87	-38.18	-81.74
Other comp. income net of taxes	-70.9%	0.06	0.45	-1.83	0.14	0.15	-0.57
Total Comprehensive Income	-103.8%	-73.79	-35.7	-66.07	-49.73	-38.03	-82.31
Earnings Per Share, Basic	-75%	-9.52	-5.01	-11.46	-10.86	-7.023	-15.24
Earnings Per Share, Diluted	-75%	-9.52	-5.01	-11.46	-10.86	-703	-15.24

Valuation
Market Cap	917.22 Cr
Price/Earnings (Trailing)	-9.45
Price/Sales (Trailing)	1.61
EV/EBITDA	-13.88
Price/Free Cashflow	-21.44
MarketCap/EBT	-9.45

Fundamentals
Revenue (TTM)	571.21 Cr
Rev. Growth (Yr)	1.02%
Rev. Growth (Qtr)	1.96%
Earnings (TTM)	-97.06 Cr
Earnings Growth (Yr)	-107.8%
Earnings Growth (Qtr)	-22.22%

Profitability
Operating Margin	-16.99%
EBT Margin	-16.99%
Return on Equity	-27.99%
Return on Assets	-14.08%
Free Cashflow Yield	-4.66%

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	SHALPAINTS	Consumer
PE	-9.45	63.60
PS	1.61	2.00
Growth	6.7 %	8.1 %

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

As of 2025-03-31

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%
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 HUFn(Karta: Mr. Ratan Jindal)	0.04%
Sangita Jindal	0.04%
Savitri Devi Jindal	0.04%
Naveen Jindal & Sons HUFn(Karta: Mr. Naveen Jindal)	0.04%
P R Jindal HUFn(Karta: Mr. P R Jindal)	0.02%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
ASIANPAINT	Asian PaintsPaints	2.33 LCr	34.94 kCr	+4.67%	-15.02%	54.44	6.68	-3.37%	-22.68%
BERGEPAINT	Berger Paints IndiaPaints	64.41 kCr	11.45 kCr	+10.18%	+9.25%	56.38	5.62	+2.41%	+0.82%
KANSAINER	Kansai Nerolac PaintsPaints	21.2 kCr	7.91 kCr	+10.14%	-5.85%	18.91	2.68	+0.97%	-3.16%
AKZOINDIA	Akzo Nobel IndiaPaints	16.25 kCr	4.08 kCr	+7.32%	+46.00%	37.81	3.99	+2.68%	+3.97%
INDIGOPNTS	Indigo PaintsPaints	4.79 kCr	1.35 kCr	+3.94%	-23.85%	34.41	3.54	-	-

Balance Sheet for Shalimar Paints

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

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-59.2%	21	50	0.73	21	0.74	165
Current investments	-4.2%	0	0.04	0.02	0.04	0	0
Loans, current	-	0	0	0	0	0	0
Total current financial assets	-18.1%	177	216	153	219	182	254
Inventories	31.3%	152	116	116	114	107	97
Current tax assets	-	0	0	1	1	3.25	3.31
Total current assets	1.5%	350	345	282	345	304	372
Property, plant and equipment	-2.9%	238	245	243	242	242	244
Capital work-in-progress	54.5%	52	34	5.9	1.71	1.3	0.17
Investment property	-	-	0	-	0	0	0
Non-current investments	0.8%	5.88	5.84	5.86	5.83	6.14	0.87
Loans, non-current	0.5%	3.01	3	2.98	2.95	2.95	8.2
Total non-current financial assets	44.4%	14	10	10	10	11	11
Total non-current assets	4.9%	321	306	270	260	258	281
Total assets	3.1%	671	651	553	605	562	652
Borrowings, non-current	-10.5%	18	20	8.32	15	75	85
Total non-current financial liabilities	-14.3%	19	22	8.44	15	76	86
Provisions, non-current	-17.1%	7.25	8.54	6.99	6.02	13	8.31
Total non-current liabilities	-13.3%	27	31	15	21	89	94
Borrowings, current	72%	142	83	119	124	23	59
Total current financial liabilities	30.7%	299	229	219	232	113	190
Provisions, current	22.8%	10	8.33	11	11	1.04	5.05
Total current liabilities	28.9%	313	243	236	248	121	202
Total liabilities	24.2%	340	274	251	269	210	296
Equity share capital	0%	17	17	14	14	14	14
Total equity	-12.2%	331	377	302	337	352	356
Total equity and liabilities	3.1%	671	651	553	605	562	652

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

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-59.2%	21	50	0.79	21	0.8	165
Loans, current	-	0	0	0	0	0	0
Total current financial assets	-18.1%	177	216	153	219	182	254
Inventories	31.3%	152	116	116	114	107	97
Current tax assets	-	0	0	1	1	3.25	3.31
Total current assets	1.5%	350	345	283	345	304	372
Property, plant and equipment	-2.2%	266	272	270	269	269	271
Capital work-in-progress	54.5%	52	34	5.9	1.71	1.3	0.17
Investment property	-	0	0	-	0	0	0
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	584.8%	5.52	1.66	1.44	1.42	2.21	1.81
Total non-current assets	4.3%	339	325	289	278	276	297
Total assets	2.8%	689	670	571	624	580	668
Borrowings, non-current	-10.5%	18	20	8.32	15	75	85
Total non-current financial liabilities	-14.3%	19	22	8.44	15	76	86
Provisions, non-current	-4.7%	7.25	7.56	6.99	6.02	13	8.31
Total non-current liabilities	-9.7%	29	32	18	24	91	94
Borrowings, current	72%	142	83	119	124	23	59
Total current financial liabilities	30.7%	299	229	219	232	113	190
Provisions, current	8.3%	10	9.31	11	11	1.04	5.05
Total current liabilities	28.4%	313	244	236	248	121	202
Total liabilities	24.4%	343	276	254	271	213	296
Equity share capital	0%	17	17	14	14	14	14
Total equity	-11.7%	347	393	318	353	368	372
Total equity and liabilities	2.8%	689	670	571	624	580	668

Cash Flow for Shalimar Paints

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

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-20%	13	16	22
Change in inventories	83.2%	-2.89	-22.22	-13.35
Depreciation	16.7%	15	13	13
Impairment loss / reversal	-	0	0	0.03
Unrealised forex losses/gains	7.2%	-0.03	-0.11	0
Adjustments for interest income	-278.8%	-6.35	5.11	2.11
Net Cashflows from Operations	159.9%	30	-47.38	-40.45
Interest paid	-	13	0	0
Income taxes paid (refund)	-95.7%	0.1	0.54	0.23
Net Cashflows From Operating Activities	134.8%	18	-47.92	-40.68
Proceeds from sales of PPE	158.8%	1.57	0.03	0
Purchase of property, plant and equipment	460%	57	11	4.82
Interest received	290%	8.02	2.8	2.11
Other inflows (outflows) of cash	93.8%	-3.73	-75.41	-0.22
Net Cashflows From Investing Activities	38.2%	-51.39	-83.78	-2.93
Proceeds from issuing shares	-	112	0	215
Proceeds from issuing other equity instruments	-102.7%	0	38	0
Proceeds from issuing debt	-	0	0	55
Proceeds from borrowings	-	33	0	5.54
Repayments of borrowings	-48.1%	15	28	48
Payments of lease liabilities	-	1.42	0	0
Interest paid	-14.3%	13	15	22
Other inflows (outflows) of cash	-	-54.33	0	0
Net Cashflows from Financing Activities	887.8%	63	-6.87	206
Net change in cash and cash eq.	120.1%	29	-138.57	162

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

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-20%	13	16	22
Change in inventories	83.2%	-2.89	-22.22	-13.35
Depreciation	16.7%	15	13	13
Unrealised forex losses/gains	7.2%	-0.03	-0.11	0
Adjustments for interest income	28.6%	6.3	5.12	1.76
Net Cashflows from Operations	135.1%	18	-47.39	-40.08
Income taxes paid (refund)	-95.7%	0.1	0.54	0.24
Net Cashflows From Operating Activities	134.7%	18	-47.93	-40.32
Proceeds from sales of PPE	158.8%	1.57	0.03	0
Purchase of property, plant and equipment	460%	57	11	4.82
Interest received	290%	8.02	2.8	1.77
Other inflows (outflows) of cash	93.8%	-3.73	-75.41	-0.23
Net Cashflows From Investing Activities	38.3%	-51.35	-83.78	-3.28
Proceeds from issuing shares	-	112	0	215
Proceeds from issuing other equity instruments	-102.7%	0	38	0
Proceeds from issuing debt	-	0	0	55
Proceeds from borrowings	-	33	0	5.54
Repayments of borrowings	-48.1%	15	28	48
Payments of lease liabilities	-	1.42	0	0
Interest paid	-14.3%	13	15	22
Other inflows (outflows) of cash	-	-54.33	0	0
Net Cashflows from Financing Activities	887.8%	63	-6.87	206
Net change in cash and cash eq.	120.1%	29	-138.58	162

Investor Care
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	-11.59

Financial Health
Current Ratio	1.12
Debt/Equity	0.46

SHALPAINTS - Shalimar Paints Ltd. Share Price

What does Shalimar Paints Ltd. do?

Income Statement for Shalimar Paints

Valuation

Fundamentals

Profitability

Sector Comparison: SHALPAINTS vs Consumer Durables

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Is Shalimar Paints Better than it's peers?

Balance Sheet for Shalimar Paints

Cash Flow for Shalimar Paints

Investor Care

Financial Health

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)