Shalimar Paints Ltd
₹ 61.9
-3.48%
05 Dec
- close price
About
Incorporated in 1902, Shalimar Paints Ltd manufactures, sells and distributes paints, coatings and providing related services[1]
Key Points
- Market Cap ₹ 518 Cr.
- Current Price ₹ 61.9
- High / Low ₹ 144 / 61.6
- Stock P/E
- Book Value ₹ 34.0
- Dividend Yield 0.00 %
- ROCE -12.8 %
- ROE -22.6 %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -17.8% over last 3 years.
- Promoters have pledged or encumbered 61.4% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Paints
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 465 | 416 | 384 | 350 | 271 | 288 | 344 | 326 | 358 | 484 | 535 | 599 | 614 | |
| 450 | 407 | 354 | 335 | 305 | 349 | 377 | 322 | 381 | 499 | 589 | 656 | 651 | |
| Operating Profit | 15 | 9 | 30 | 14 | -34 | -61 | -34 | 4 | -22 | -15 | -54 | -57 | -37 |
| OPM % | 3% | 2% | 8% | 4% | -13% | -21% | -10% | 1% | -6% | -3% | -10% | -9% | -6% |
| 6 | 2 | 1 | 1 | 1 | -14 | 8 | 5 | -3 | 7 | 8 | 10 | 12 | |
| Interest | 21 | 21 | 22 | 23 | 26 | 25 | 20 | 19 | 22 | 16 | 13 | 18 | 23 |
| Depreciation | 4 | 5 | 5 | 8 | 8 | 9 | 11 | 13 | 13 | 13 | 15 | 16 | 17 |
| Profit before tax | -4 | -15 | 4 | -15 | -67 | -109 | -56 | -24 | -61 | -36 | -74 | -80 | -64 |
| Tax % | -22% | -29% | -23% | -36% | -32% | -25% | -32% | 110% | -1% | 0% | 0% | 0% | |
| -3 | -11 | 5 | -10 | -46 | -82 | -38 | -50 | -60 | -36 | -74 | -80 | -64 | |
| EPS in Rs | -0.50 | -1.87 | 0.93 | -1.72 | -8.10 | -15.25 | -7.03 | -9.18 | -8.36 | -5.01 | -8.82 | -9.58 | -7.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 12% |
| 3 Years: | 19% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -27% |
| 3 Years: | -21% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -4% |
| 3 Years: | -25% |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | -18% |
| 3 Years: | -18% |
| Last Year: | -23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 11 | 11 | 11 | 14 | 14 | 17 | 17 | 17 |
| Reserves | 70 | 58 | 62 | 180 | 134 | 295 | 262 | 212 | 336 | 338 | 376 | 298 | 268 |
| 110 | 130 | 137 | 171 | 179 | 154 | 121 | 131 | 168 | 140 | 106 | 164 | 190 | |
| 198 | 191 | 188 | 180 | 177 | 135 | 142 | 152 | 128 | 134 | 170 | 223 | 214 | |
| Total Liabilities | 381 | 382 | 391 | 535 | 494 | 594 | 536 | 506 | 647 | 627 | 670 | 702 | 688 |
| 37 | 76 | 75 | 222 | 250 | 246 | 295 | 283 | 276 | 272 | 275 | 303 | 278 | |
| CWIP | 18 | 1 | 6 | 14 | 1 | 24 | 0 | 0 | 0 | 2 | 35 | 27 | 29 |
| Investments | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 327 | 305 | 311 | 296 | 244 | 325 | 241 | 222 | 371 | 353 | 360 | 372 | 381 | |
| Total Assets | 381 | 382 | 391 | 535 | 494 | 594 | 536 | 506 | 647 | 627 | 670 | 702 | 688 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 38 | 38 | 34 | 36 | -94 | -9 | 16 | -62 | -48 | 18 | -59 | |
| -6 | -26 | -7 | -16 | -11 | -34 | -28 | -5 | -6 | -84 | -51 | -14 | |
| -15 | -16 | -23 | -19 | -18 | 198 | -46 | -11 | 225 | -7 | 44 | 27 | |
| Net Cash Flow | -11 | -3 | 8 | -1 | 7 | 70 | -83 | -0 | 157 | -139 | 11 | -46 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 125 | 135 | 136 | 130 | 142 | 126 | 76 | 89 | 80 | 81 | 76 | 90 |
| Inventory Days | 126 | 126 | 154 | 139 | 129 | 118 | 136 | 146 | 130 | 120 | 110 | 112 |
| Days Payable | 168 | 187 | 218 | 193 | 244 | 162 | 151 | 183 | 133 | 102 | 134 | 161 |
| Cash Conversion Cycle | 83 | 73 | 72 | 75 | 28 | 82 | 61 | 52 | 77 | 98 | 52 | 41 |
| Working Capital Days | 28 | 4 | 8 | -25 | -138 | -80 | -51 | -66 | -1 | 58 | 30 | -27 |
| ROCE % | 7% | 2% | 13% | 3% | -12% | -18% | -10% | -1% | -7% | -4% | -13% | -13% |
Documents
Announcements
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Intimation Pursuant To Regulation 30 Read With Regulation 31A(8) Of SEBI LODR 2015 - Receipt Of Revised Request For Reclassification From Promoter Group
28 Nov - Nov 28, 2025: Ms. Hena/Hina Devi Goyal requests promoter-to-public reclassification, holding 60 shares (0.0001%).
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Intimation Pursuant To Regulation 30 Read With Regulation31a(8)Of SEBI LODR 2015 - Receipt Of Request For Reclassification From Promoter Group
20 Nov - Two promoter-group members requested reclassification to public on Nov 20, 2025; hold 0 shares each.
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Intimation Pursuant To Regulation 30 Read With Regulation 31A(8) Of SEBI LODR 2015 - Receipt Of Request For Reclassification From Promoter Group
18 Nov - Three promoter-group members requested reclassification to public on Nov 18, 2025; each holds 0 shares.
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Intimation Pursuant To Regulation 30 Read With Regulation 31A(8) Of SEBI LODR 2015 - Receipt Of Request For Reclassification From Promoter Group
17 Nov - Three promoter-group members requested reclassification to public; each holds 0 shares. Received Nov 17, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, November 12, 2025
12 Nov - Unaudited Q2/H1 FY26 results approved; H1 revenue +6%, EBITDA +Rs20cr, margins +5.1%, inventory reduced Rs10cr.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2022
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Financial Year 2019
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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May 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
Holdings:[1]
SPL is a part of Ratan Jindal faction of O.P. Jindal group and S. S. Jhunjhunwala group. Both promoter groups hold 39.92% of the shares. Further, Hella Infra Market Private Limited holds 24.89% shares