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Shalimar Paints

SHALPAINTS NSE
₹81.31 0.35 (0.43%)
Market Cap
₹681 Cr

Shalimar Paints (SHALPAINTS) share price was ₹81.31 at the 28 Oct 2026 close; market capitalisation ₹681 Cr; sector Consumer Goods. The share price rose 5.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 10.9% year on year to ₹137.7 Cr and net profit was −₹21 Cr, against −₹17 Cr a year earlier (compared with Jun 2025). Promoters held 74.96% of Shalimar Paints in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 30/100 (Poor) as of 28 Oct 2026.

Close 28 Oct 2026 ₹81.31 +3.96 +5.12% 1Y

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary
Market Cap
₹681 Cr
EBITDA
−₹15.90 Cr
Return on Equity
-25.86%
Debt to Equity
0.66
Book Value
₹17.02
EPS (TTM)
−₹8.29
52W High
₹95.95
52W Low
₹35.21

Price-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM

Peer Comparison

Consumer Discretionary › Consumer Goods › Paints

Asian Paints
₹2,284.6045.992,19,138 Cr10.251.21%19.96%24.41%38,053 Cr4,836 Cr
Berger Paints
₹461.7544.2353,840 Cr7.780.86%16.28%20.63%12,469 Cr1,217 Cr
Kansai Nerolac Paints
₹180.7424.3614,618 Cr2.181.36%8.61%11.76%8,412 Cr588 Cr
Indigo Paints
₹1,012.9029.924,835 Cr4.190.49%12.79%15.96%1,483 Cr161 Cr
Sirca Paints
₹413.5035.012,348 Cr4.940.49%13.68%17.87%514 Cr67 Cr
Shalimar Paints (this company)
₹81.31—681 Cr4.780.00%-25.86%-15.14%565 Cr-69 Cr
JSW Dulux
₹276.50——5.14—————
Median 7 companies₹413.5035.019,726 Cr4.940.68%13.24%16.92%4,947 Cr375 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
30 Poor
Overall score
Data confidence 91/100
surveillance:ESM1pledge:71%

Category scores

Quality Poor 29
Returns, margins, earnings quality 22%
Valuation Poor 34
Cheap vs sector & own history 24%
Growth Poor 12
Sales & profit trajectory 9%
Financial Health Poor 19
Solvency, leverage, coverage 9%
Momentum Strong 93
Trend strength, vol-adjusted 12%
Ownership Average 48
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Weaknesses

4
  • Stock is trading at 2.67 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -21.5% over last 3 years.
  • Promoters have pledged 70.5% of their holding.

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
0
Neutral
7
Bullish
2

Overall

BearishNeutralBullish

Bullish

Bearish
0
Neutral
7
Bullish
12

Moving Averages

BearishNeutralBullish

Bullish

Bearish
0
Neutral
0
Bullish
10

Growth Rate

Revenue Growth
-4.49% lower than 3Y

change over 1 year

Net Income Growth
-20.07% higher than 3Y

change over 1 year

Cash Flow Change
140%

change over 1 year

EBITDA Margin Change
-65.22%

change over 1 year Operating margin -9% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
126
119
146
144
128
145
148
178
155
134
131
156
138
Expenses
130
139
153
167
150
158
164
185
162
140
142
154
150
Operating Profit
-5
-20
-7
-22
-21
-13
-16
-7
-8
-6
-11
2
-12
OPM %
-3.7%
-17%
-4.8%
-16%
-16%
-9%
-11%
-4.1%
-4.9%
-4.7%
-8%
1.3%
-9%
Other Income
2
2
2
3
1
1
1
7
2
3
-4
1
1
Interest
4
4
2
2
3
4
5
5
6
6
7
6
5
Depreciation
3
3
4
4
4
4
4
4
5
5
5
5
5
PBT
-10
-26
-12
-26
-27
-20
-25
-10
-17
-14
-27
-8
-21
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
-6%
0%
Net Profit
-10
-26
-12
-26
-27
-20
-25
-10
-17
-14
-27
-7
-21
EPS (₹)
-1.42
-3.55
-1.38
-3.16
-3.23
-2.34
-2.93
-1.14
-2
-1.69
-3.18
-0.88
-2.54
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
416
384
350
271
288
344
326
358
484
535
600
576
559
Expenses
407
354
335
305
349
377
322
381
499
589
657
598
586
Operating Profit
9
30
14
-34
-61
-34
4
-22
-15
-54
-58
-22
-27
OPM %
2.1%
8%
4.1%
-13%
-21%
-10%
1.1%
-6%
-3%
-10%
-10%
-3.9%
-4.8%
Other Income
2
1
1
1
-14
8
5
-3
7
8
10
2
1
Interest
21
22
23
26
25
20
19
22
16
13
18
25
24
Depreciation
5
5
8
8
9
11
13
13
13
15
16
20
20
PBT
-15
4
-15
-67
-109
-56
-24
-61
-36
-74
-81
-65
-70
Tax %
-29%
-23%
-36%
-32%
-25%
-32%
110%
-1%
0%
0%
0%
-1%
—
Net Profit
-11
5
-10
-46
-82
-38
-50
-60
-36
-74
-81
-65
-69
EPS (₹)
-1.87
0.93
-1.72
-8.1
-15.25
-7.03
-9.18
-8.36
-5.01
-8.82
-9.7
-7.76
-8.29
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4
4
4
4
11
11
11
14
14
17
17
17
Reserves
58
62
180
134
295
262
212
336
338
376
298
234
Borrowings
130
137
171
179
154
121
131
168
140
106
164
165
Other Liabilities
191
188
180
177
135
142
152
128
134
170
224
225
Total Liabilities
382
391
535
494
594
536
506
647
627
670
702
641
Fixed Assets
76
75
222
250
246
295
283
276
272
275
303
300
CWIP
1
6
14
1
24
0
0
0
2
35
27
0
Investments
0
0
3
0
0
0
0
0
0
0
0
0
Other Assets
305
311
296
244
325
241
222
371
353
360
372
341
Total Assets
382
391
535
494
594
536
506
647
627
670
702
641
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
38
38
34
36
-94
-9
16
-62
-48
18
-59
23
Investing
-26
-7
-16
-11
-34
-28
-5
-6
-84
-51
-16
-1
Financing
-16
-23
-19
-18
198
-46
-11
225
-7
44
29
-25
Net Cash Flow
-3
8
-1
7
70
-83
0
157
-139
11
-46
-2
Free Cash Flow
11
29
24
22
-127
-42
14
-65
-59
-38
-84
13
CFO/EBITDA
430
125
241
-104
153
28
443
275
322
-32
101
-101
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
135
136
130
142
126
76
89
80
81
76
90
88
Inventory Days
126
154
139
129
118
136
146
130
120
110
112
96
Days Payable
187
218
193
244
162
151
183
133
102
134
161
166
Cash Conversion Cycle
73
72
75
28
82
61
52
77
98
52
41
18
Working Capital Days
4
8
-25
-138
-80
-51
-66
-1
58
30
-28
-75
ROCE %
2%
13%
3%
-12%
-18%
-10%
-1%
-7%
-4%
-13%
-13%
-8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shalimar Paints insights

69 extracted metrics + investor summaries across FY08–FY27.

Shareholding Pattern

FIIs0.01%Promot.74.96%DIIs0.03%Others4.85%Public20.15%As ofSep 2026
70.51% of promoter holding pledged as of Sep 2026

Documents

Frequently Asked Questions about Shalimar Paints

What does Shalimar Paints Ltd do?
Incorporated in 1902, Shalimar Paints Ltd manufactures, sells and distributes paints, coatings and providing related services[1]
Where is Shalimar Paints Ltd (SHALPAINTS) listed?
Shalimar Paints Ltd trades as SHALPAINTS on the NSE and under code 509874 on the BSE.
Which sector does Shalimar Paints Ltd belong to?
Shalimar Paints Ltd is classified under the Consumer Goods sector, in the Paints industry.
What is the market capitalisation of Shalimar Paints Ltd?
Shalimar Paints Ltd has a market capitalisation of ₹680.66 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Shalimar Paints Ltd?
Over the last 52 weeks Shalimar Paints Ltd has traded between ₹35.21 and ₹95.95 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Shalimar Paints Ltd?
Shalimar Paints Ltd reported a return on equity of -25.86%. Its debt-to-equity ratio is 0.66.

Company Information

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

Website shalimarpaints.com
CEO Mr. Sachin Naik
Employees 633
Listed 2008-03-03
Face Value ₹ 2
Shares Outstanding 8,37,11,178

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