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Shalimar Paints Limited

Shalimar Paints Limited

SHALPAINTS.NS
Shalimar Paints LimitedIN flagNational Stock Exchange of India
50.64
INR
-0.27
- -
4.24BMarket Cap
Shalimar Paints Limited
SHALPAINTS.NS
(National Stock Exchange of India)

Recent

price

50.64

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
153.57
184.71
190.49
183.33
164.52
152.91
139.96
142.01
53.47
63.07
59.68
63.55
66.74
68.38
71.68
- -
68.56
Revenue per Share
4.43
5.49
4.18
-1.06
-4.02
1.99
-3.89
-24.04
-15.24
-7.03
-9.18
-10.76
-5.01
-9.52
-9.7
- -
-7.74
Basic EPS, GAAP
-3.72
4.39
5.7
-1.27
3.67
11.1
8.35
11.29
-23.72
-7.75
2.55
-11.57
-8.19
-5.09
-11
- -
- -
Free Cash Flow per Basic Share
1.26
1.14
1.44
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.44
5.11
9.41
8.35
3.91
55.26
54.56
46.1
2.34
-4.71
-13.89
-27.83
-41.6
-47.94
-53.77
- -
2
Book Value per Share
19.29
23.48
28.02
27.11
22.3
72.3
73.05
71.94
56.66
49.24
40.23
61.83
48.34
50.14
37.1
- -
29.58
Tangible Book Value per Share
26
26
26
26
26
26
25
19
54
54
54
56
72
78
84
- -
84
Basic Weighted Avg Shares
4,044
4,864
5,017
4,828
4,333
4,029
3,487
2,691
2,868
3,424
3,241
3,563
4,820
5,306
5,998
5,756
5,745
Sales/Revenue/Turnover
3.38
7.43
6.83
2.38
1.04
6.53
1.76
-15.48
-24.5
-13.27
-2.99
-10.04
-5.7
-12.93
-12.25
-7.29
-7.29
Operating Margin (%)
34
43
38
37
48
50
81
79
88
109
133
134
127
148
158
196
196
Depreciation Expense
117
145
110
-28
-106
53
-97
-456
-818
-382
-499
-604
-362
-738
-812
-650
-648
Net Income, GAAP
29.87
30.99
29.66
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
2.89
2.97
2.2
-0.58
-2.44
1.3
-2.78
-16.93
-28.51
-11.15
-15.39
-16.94
-7.5
-13.92
-13.53
-11.28
-11.29
Profit Margin (%)
772
331
453
400
60
162
-93
-834
280
-435
-514
1,610
967
1,009
4
-433
-433
Working Capital
600
- -
71
134
184
336
237
249
196
185
240
830
150
219
252
38
38
LT Debt
537
637
750
733
616
1,931
1,838
1,380
3,053
2,729
2,231
3,508
3,526
3,932
3,150
2,512
2,512
Total Equity
8.98
20.25
16.32
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
28.84
31.86
11.29
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
308.23
167.72
57.61
-11.95
-65.56
6.74
-6.89
-40.81
-163.76
- -
- -
- -
- -
- -
- -
- -
-387.4
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,692
- -
1,609
LT Borrowings
146
- -
- -
LT Finance Leases
58
- -
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
84
- -
84
Market Capitalization
7,218
5,162
3,024

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,701
- -
3,327
Cash, Cash Equivalents & STI
583
- -
507
Accounts Receivable, Net
1,428
- -
1,383
Inventories
1,230
- -
1,021
Total Current Liabilities
3,760
- -
3,760
Payables & Accruals
- -
- -
- -
ST Debt
1,692
- -
1,609
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.17%
5.83%
-20.26%
Free Cash Flow
-151.24%
-118.28%
-114.3%
Net Income, GAAP
21.74%
15.03%
-19.98%
Sales/Revenue/Turnover
4.87%
12.87%
-4.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,256
1,194
1,457
1,399
5,306
2025
1,283
1,447
1,485
1,783
5,998
2026
1,535
1,338
1,313
1,559
5,756

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.42
-3.55
-1.4
- -
-9.52
2025
-3.23
-2.34
-2.93
-1.19
-9.7
2026
-1.99
-1.69
-3.18
-0.88
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Shalimar Paints Limited manufactures and markets decorative and industrial paints and coatings in India. The company offers emulsions, emulsion distempers, primers, putties, cement-based enamels, finishes, floor coatings, and waterproofing products; marine coatings including antifouling paints for boats and marine structures; industrial coatings such as epoxy, pipeline, protective, zinc-rich, aviation, and high-build zinc coatings; as well as undercoats, topcoats, and fibre reinforced elastomeric coatings for interior and exterior surfaces, concrete, plasters, and metals. Products are marketed under brands including Signature, Weather PRO+, Hero, XTRA TOUGH, and Color Space tinting systems, targeting residential, commercial, infrastructure, and institutional customers through a pan-India network of over 48 depots, 7,300 retail outlets, and four redistribution centers in Howrah, Bhiwandi, Sikandrabad, and Chennai. Founded in 1902 and headquartered in Gurugram, Haryana, the company operates manufacturing facilities in Howrah (West Bengal), Nashik (Maharashtra), Sikandrabad (Uttar Pradesh), and a recently re-commissioned plant in Chennai (Tamil Nadu), with two DSIR-recognized R&D centers in Howrah and Nashik. Recent developments include the completion of a state-of-the-art R&D facility at Nashik and expansion of the distribution network in fiscal 2024; launch of 10 new products such as advanced water-based emulsions and primers under the Hero brand and waterproofing solutions including Zero Damp Advance and Zero Damp Smart under Home Protect in 2024; partnerships with Mumbai Indians for IPL 2025 and collaborations with Bollywood films for festive promotions; appointment of Kuldip Raina as MD & CEO in 2025; and plans for a rights issue to raise funds.