



Consumer Durables | Small Cap
Shalimar Paints exhibits a mixed financial performance. While demonstrating strong growth and solvency, the company faces challenges in profitability, efficiency, and coverage. The company showcases robust revenue, operating profit, EPS, asset, and net income growth rates, indicating a strong expansion trajectory. A very low debt and debt to equity ratio is a plus point for the company. However, negative gross profit margins, returns on capital, equity, and assets, along with negative operating and net margins, signal significant profitability issues. The company's efficiency ratios also reflect some operational difficulties. While growth and solvency are strengths, the company needs to address its profitability and efficiency to achieve sustainable financial health.
Shalimar Paints exhibits a mixed financial performance. While demonstrating strong growth and solvency, the company faces challenges in profitability, efficiency, and coverage. The company showcases robust revenue, operating profit, EPS, asset, and net income growth rates, indicating a strong expansion trajectory. A very low debt and debt to equity ratio is a plus point for the company. However, negative gross profit margins, returns on capital, equity, and assets, along with negative operating and net margins, signal significant profitability issues. The company's efficiency ratios also reflect some operational difficulties. While growth and solvency are strengths, the company needs to address its profitability and efficiency to achieve sustainable financial health.
Overall Valuation Score
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P/E RATIO (TTM)
-11.39
Industry Median
31.22
Small Cap Median
29.62
P/E RATIO
-11.11
P/B RATIO
2.87
Industry Median
3.04
Small Cap Median
2.85
P/S RATIO
1.25
Industry Median
2.14
Small Cap Median
1.36
Others
PEG RATIO
0.00
EV/EBITDA RATIO
-34.12
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹86.19 as on Aug 5, 2026.
The company exhibits strong growth across various metrics, indicating a positive trajectory. Revenue, operating profit, EPS, asset, and net income growth rates are all high, suggesting robust expansion and improved financial performance. Overall, the company is doing well in terms of growth.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 9.82 | 35.2 | 10.54 | 11.96 | -3.84 |
| Operating Profit Growth Rate | -650 | -31.82 | 260 | 5.56 | -61.4 |
| Earnings Per Share (EPS) Growth | -8.93 | -40.07 | 76.05 | 8.62 | -19 |
| Asset Growth Rate | 27.87 | -3.09 | 6.86 | 4.78 | -8.69 |
| Net Income Growth Rate | 20 | -40 | 105.56 | 8.11 | -18.75 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Shalimar Paints Ltd | 4.72 | -11.11 | Neutral | -22.00 | -7.57 | -65.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
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Shalimar Paints Ltd., established in 1902, is one of India's oldest paint manufacturers. It offers a comprehensive range of decorative and industrial coatings, serving both retail and institutional clients across the country. The company is known for its extensive product portfolio and historical legacy in the Indian paint market.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Shalimar Paints Ltd's P/E ratio (TTM) is -11.39, compared to the industry median of 31.22 and large cap median of 29.62.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Shalimar Paints Ltd's P/B ratio is 2.87, compared to the industry median of 3.04 and large cap median of 2.85.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Shalimar Paints Ltd's P/S ratio is 1.25, compared to the industry median of 2.14 and large cap median of 1.36.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Shalimar Paints Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Shalimar Paints Ltd's EV/EBITDA ratio is -34.12.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Shalimar Paints Ltd's ROE is -25.90%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Shalimar Paints Ltd's ROA is -3.43%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Shalimar Paints Ltd's ROCE is -8%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Shalimar Paints Ltd's operating margin is -3.82%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Shalimar Paints Ltd's net margin is -11.28%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Shalimar Paints Ltd's current ratio is 0.89.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Shalimar Paints Ltd's debt-to-equity ratio is 0.03.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Shalimar Paints Ltd's interest coverage ratio is -1.60.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Shalimar Paints Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Shalimar Paints Ltd's EPS is -19.
(Source line: "Ratios as of 05 Aug 2026, based on last traded price of ₹86.19. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1902 (as Shalimar Paint Colour & Varnish Company)
Headquarters: Gurugram, Haryana
Core Offerings: Decorative Paints, Industrial Coatings, Protective Coatings, Wood Finishes, Primers & Putties
Stock Listing: NSE (SHALPAINTS), BSE (509874)
Promoter: N.C.C. Limited Group
Shalimar Paints Ltd. was incorporated in 1902 as Shalimar Paint Colour & Varnish Company in Howrah, West Bengal, by British engineers. It pioneered marine paints and protective coatings in India. Throughout the 20th century, the company significantly expanded its product range and manufacturing capabilities, becoming a prominent public limited company. Today, Shalimar Paints continues to operate as a key player in both decorative and industrial segments, focusing on market expansion and product innovation in the Indian paint industry.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Decorative Paints | N/A | Operating Profit |
| Industrial Coatings | N/A | Operating Profit |
Decorative Paints: Offers a wide range of interior and exterior emulsions, enamels, distempers, and specialty finishes for residential and commercial spaces. Focuses on aesthetics, durability, and customer preference.
Industrial Coatings: Provides high-performance protective coatings, marine paints, and other specialized industrial finishes for sectors like infrastructure, automotive, and heavy industry, emphasizing corrosion protection and longevity.
Mr. M. V. S. N. Raju - Managing Director & CEO. Appointed in February 2023, he brings over three decades of experience in leadership roles across various industries, focusing on operational excellence and business growth.
Shalimar Paints (Nepal) Private Limited
Perma Construction Aids Private Limited
Rights Issue in 2021 to raise funds for expansion. Acquisition of Perma Construction Aids Private Limited in 2023, strengthening its presence in construction chemicals.
The Shalimar Paints Ltd share price today is ₹86.19 on NSE (SHALPAINTS), as of 25 Aug 2026.
As of 05 Aug 2026, Shalimar Paints Ltd share price is ₹86.19, with previous close ₹86.19. Today's range is ₹86.19 to ₹86.19. The 52-week range is ₹86.19 to ₹86.19.
As of today, Shalimar Paints Ltd's market cap is ₹721.41 crore (Small Cap).
Shalimar Paints Ltd's current P/E ratio is -11.39, compared to the CONSUMER DURABLES sector average of 75.0 (Paints Industry).
Shalimar Paints Ltd's current P/B ratio is 2.87.
Shalimar Paints Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Shalimar Paints Ltd's EPS (TTM) is ₹-19.
Shalimar Paints Ltd., established in 1902, is one of India's oldest paint manufacturers. It offers a comprehensive range of decorative and industrial coatings, serving both retail and institutional clients across the country. The company is known for its extensive product portfolio and historical legacy in the Indian paint market.
Shalimar Paints Ltd is promoted by N.C.C. Limited Group, holding 74.96% as of 05 Aug 2026.
Shalimar Paints Ltd is listed on NSE (SHALPAINTS) and BSE (509874). Its next quarterly results are expected on August 2024 (for Q1 FY25).