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Shalimar Paints Limited

Shalimar Paints Limited

NSE: SHALPAINTS
Specialty ChemicalsBasic MaterialsSMALL CAPMCap ₹638.7 Cr
₹76.30₹0.14 (+0.18%)

Market Closed • NSE

Market cap₹638.7 Cr
Enterprise value₹755.1 Cr
P/B2.55
EPS TTM₹-8.29
ROCE-7.93%
D/E0.66
Dividend yield0.00%
Face value₹2.00
52W high₹95.95
52W low₹35.21
Price chart(1Y)
1Y Return:+52.33% (+₹26.21)
H: ₹95.95L: ₹48
1W+1.50%
1M-9.02%
3M+44.10%
6M+48.50%
1Y-7.06%
Today at a glance

Day range

₹75.00₹77.99

52 week range

₹35.21₹95.95
Volume72.6K0.70x 20D avg
Free float50.00%-29.70% volume

Shalimar Paints Limited closed at INR76.30 (+0.18%) on volume 0.7x its 20-day average, trading 20.48% below its 52-week high.

Technical analysis
RSI (14)45.1Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹4.33High
SMA 20₹79.03BEARISH
SMA 50₹81.08BEARISH
SMA 100₹67.48BULLISH
SMA 200₹61.75BULLISH
CPR bottom₹75.87
Pivot₹75.96
CPR top₹76.06
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -200% QoQ

2024-09-20

AGM Announced

Annual General Meeting

2023-09-20

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹164.8 Cr₹638.7 Cr25.80%≤ 33%PASS
Non-halal income ratio–₹575.6 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹633.4 Cr₹640.6 Cr98.89%≥ 20%PASS
Receivables ratio–₹640.6 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E—21.40
Forward P/E——
P/B2.552.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield—4.70
Growth & profitability
RevenuePAT
FY24PAT margin -13.80%
FY25PAT margin -13.50%
FY26PAT margin -11.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-1.40%
Revenue CAGR 5Y+1.60%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin-12.52%
Net margin-12.43%
Financial health & cash flow
Net debt₹157.6 CrModerate
Interest coverage-1.70xEBIT / interest
CFO / PAT—x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹23.4 Cr
Capital expenditure–
Free cash flow₹13.2 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation50/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Established operational history in the sector

Active institutional participation

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.11%Institutional holding
24.93%Public holding
5Periods available
0.00%Promoter pledged
31.83KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—20 Sept 2024
—Annual General MeetingAnnual General Meeting—20 Sept 2023
—Annual General MeetingAnnual General Meeting—21 Sept 2022
—Annual General MeetingAnnual General Meeting—21 Sept 2021
—Annual General MeetingAnnual General Meeting—21 Sept 2020
—Annual General MeetingAnnual General Meeting—18 Sept 2019
09 Nov 2018Rights issueRights 3:2 @ Premium Rs 62.50/-—06 Nov 2018
—Annual General MeetingAnnual General Meeting—18 Sept 2018
29 Dec 2017Rights issueRights 6:32 @ Premium Rs 138/-—28 Dec 2017
—Annual General MeetingAnnual General Meeting—20 Sept 2017
—Annual General MeeingAnnual General Meeing—20 Sept 2016
—Annual General MeetingAnnual General Meeting—21 Sept 2015
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.14L36.802.30%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.85L11.520.60%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.30L13.462.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L47.081.19%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.17L19.642.33%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.00L12.210.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.96L34.470.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.880.06%₹3,668.00₹666.00+70.29%+88.67%
About Shalimar Paints Limited
Shalimar Paints Limited

Incorporated in 1902, Shalimar Paints Ltd manufactures, sells and distributes paints, coatings and providing related services[1]

IndiaBasic Materials

Questions investors ask
Is Shalimar Paints Limited Shariah compliant?

Shalimar Paints Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (25.8%) complies with AAOIFI threshold (≤ 33%).

What is Shalimar Paints Limited's current valuation relative to peers?

Shalimar Paints Limited trades at a P/E of N/A compared to the sector median of 21.4x, and a Price-to-Book of 2.6x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.66x. Interest coverage is -1.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 1.6% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.