Shalimar Paints Limited
Shalimar Paints Limited (SHALPAINTS) financial statements and selected valuation metrics from NSE/BSE exchange filings through 31 March 2026.
Consumer Discretionary›Consumer Durables›Consumer Durables›Paints
shalimarpaints.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-02
Stock price
₹77.67
Market cap
652 Cr
P/B
2.60
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 126 Cr | 119 Cr | 146 Cr | 144 Cr | 128 Cr | 145 Cr | 148 Cr | 178 Cr | 153 Cr | 134 Cr | 131 Cr | 156 Cr |
| Operating expenses (approx.) | 130 Cr | 139 Cr | 153 Cr | 167 Cr | 150 Cr | 158 Cr | 163 Cr | 185 Cr | 161 Cr | 140 Cr | 142 Cr | 154 Cr |
| EBITDA | -5 Cr | -20 Cr | -7 Cr | -22 Cr | -21 Cr | -13 Cr | -15 Cr | -7 Cr | -8 Cr | -6 Cr | -11 Cr | 2 Cr |
| OPM % | -3.7% | -16.9% | -4.8% | -15.6% | -16.5% | -8.9% | -10.3% | -4.1% | -4.9% | -4.7% | -8.1% | 1.3% |
| Other income | 2 Cr | 2 Cr | 2 Cr | 3 Cr | 0.86 Cr | 1 Cr | 0.83 Cr | 7 Cr | 2 Cr | 3 Cr | 0.77 Cr | 0.88 Cr |
| Interest | 4 Cr | 4 Cr | 2 Cr | 2 Cr | 3 Cr | 4 Cr | 5 Cr | 5 Cr | 6 Cr | 6 Cr | 7 Cr | 6 Cr |
| Depreciation | 3 Cr | 3 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr |
| Profit before tax | -10 Cr | -26 Cr | -12 Cr | -26 Cr | -27 Cr | -20 Cr | -24 Cr | -10 Cr | -17 Cr | -14 Cr | -27 Cr | -8 Cr |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 5.6% |
| Net profit | -10 Cr | -26 Cr | -12 Cr | -26 Cr | -27 Cr | -20 Cr | -24 Cr | -10 Cr | -17 Cr | -14 Cr | -27 Cr | -7 Cr |
| EPS (₹) | ₹-1.42 | ₹-3.55 | ₹-1.40 | ₹-3.16 | ₹-3.23 | ₹-2.34 | ₹-2.86 | ₹-1.14 | ₹-1.99 | ₹-1.69 | ₹-3.18 | ₹-0.88 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 288 Cr | 344 Cr | 326 Cr | 358 Cr | 486 Cr | 535 Cr | 599 Cr | 576 Cr | Sign in for TTM |
| Operating expenses (approx.) | 350 Cr | 377 Cr | 322 Cr | 381 Cr | 500 Cr | 589 Cr | 656 Cr | 598 Cr | Sign in for TTM |
| EBITDA | -62 Cr | -34 Cr | 4 Cr | -22 Cr | -15 Cr | -54 Cr | -57 Cr | -22 Cr | Sign in for TTM |
| OPM % | -21.6% | -9.8% | 1.1% | -6.3% | -3.0% | -10.1% | -9.5% | -3.9% | Sign in for TTM |
| Other income | 2 Cr | 1 Cr | 7 Cr | 5 Cr | 7 Cr | 8 Cr | 10 Cr | 7 Cr | Sign in for TTM |
| Interest | 25 Cr | 20 Cr | 19 Cr | 22 Cr | 16 Cr | 13 Cr | 18 Cr | 25 Cr | Sign in for TTM |
| Depreciation | 8 Cr | 11 Cr | 13 Cr | 13 Cr | 13 Cr | 15 Cr | 16 Cr | 20 Cr | Sign in for TTM |
| Profit before tax | -109 Cr | -56 Cr | -24 Cr | -64 Cr | -36 Cr | -74 Cr | -80 Cr | -65 Cr | Sign in for TTM |
| Tax % | 25.1% | 32.0% | -109.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% | Sign in for TTM |
| Net profit | -82 Cr | -38 Cr | -50 Cr | -64 Cr | -36 Cr | -74 Cr | -80 Cr | -65 Cr | Sign in for TTM |
| EPS (₹) | ₹-15.24 | ₹-7.03 | ₹-9.28 | ₹-11.46 | ₹-5.01 | ₹-9.52 | ₹-9.58 | ₹-7.76 | Sign in for TTM |
| Dividend payout % | — | — | — | — | — | — | — | — | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 11 Cr | 11 Cr | 11 Cr | 14 Cr | 14 Cr | 17 Cr | 17 Cr | 17 Cr |
| Reserves | 295 Cr | 262 Cr | 212 Cr | 357 Cr | 338 Cr | 376 Cr | 298 Cr | 234 Cr |
| Borrowings | 145 Cr | 119 Cr | 124 Cr | 143 Cr | 139 Cr | 103 Cr | 153 Cr | 157 Cr |
| Other liabilities | 143 Cr | 144 Cr | 156 Cr | 153 Cr | 132 Cr | 173 Cr | 235 Cr | 232 Cr |
| Total liabilities | 593 Cr | 536 Cr | 503 Cr | 668 Cr | 624 Cr | 670 Cr | 702 Cr | 641 Cr |
| Fixed assets (net) | 243 Cr | 288 Cr | 278 Cr | 271 Cr | 269 Cr | 272 Cr | 299 Cr | 294 Cr |
| CWIP | 24 Cr | 0.94 Cr | 0.28 Cr | 0.17 Cr | 2 Cr | 34 Cr | 26 Cr | 0.01 Cr |
| Investments | 0 Cr | 0.0020 Cr | 0.35 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 3 Cr |
| Loans & advances | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 18 Cr |
| Inventories | 71 Cr | 87 Cr | 89 Cr | 97 Cr | 114 Cr | 116 Cr | 134 Cr | 102 Cr |
| Trade receivables | 99 Cr | 72 Cr | 78 Cr | 78 Cr | 108 Cr | 110 Cr | 148 Cr | 138 Cr |
| Cash & bank | 86 Cr | 3 Cr | 3 Cr | 165 Cr | 21 Cr | 50 Cr | 7 Cr | 7 Cr |
| Other assets | 70 Cr | 86 Cr | 55 Cr | 57 Cr | 111 Cr | 87 Cr | 88 Cr | 78 Cr |
| Total assets | 593 Cr | 536 Cr | 503 Cr | 668 Cr | 624 Cr | 670 Cr | 702 Cr | 641 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | -40 Cr | -48 Cr | 18 Cr | -59 Cr | 31 Cr |
| Cash from investing | — | — | — | -3 Cr | -84 Cr | -51 Cr | -14 Cr | -9 Cr |
| Cash from financing | — | — | — | 206 Cr | -7 Cr | 63 Cr | 27 Cr | -24 Cr |
| Net cash flow | — | — | — | 162 Cr | -139 Cr | 29 Cr | -46 Cr | -2 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -45 Cr | -59 Cr | -40 Cr | -91 Cr | 21 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | -18.7% | -13.3% | -1.9% | -11.3% | -4.1% | -12.3% | -13.4% | -9.8% |
| ROE % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -25.4% | -25.9% |
| Debtor days | 125 | 76 | 87 | 80 | 81 | 75 | 90 | 87 |
| Inventory days | 134 | 145 | 163 | 140 | 120 | 117 | 124 | 116 |
| Days payable | 183 | 160 | 204 | 153 | 105 | 136 | 178 | 199 |
| Cash conversion cycle | 76 | 60 | 46 | 67 | 95 | 57 | 36 | 4 |
| Debt / equity | 0.47 | 0.44 | 0.55 | 0.39 | 0.39 | 0.26 | 0.48 | 0.63 |
| Current ratio | 1.11 | 0.82 | 0.79 | 1.84 | 1.40 | 1.41 | 1.00 | 0.88 |
| Net debt / EBITDA | — | — | 0.00 | — | — | — | — | — |
Compare with peers
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