Flash Finance

Shalimar Paints LimitedSHALPAINTSCorporate

Paints / Varnishes Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹80.87
MCap ₹677 Cr
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🏭 Consumer Durables sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹138 Cr
Sales · Jun 2026
-10.1% YoY
₹-12 Cr
Operating Profit · Jun 2026
-59.2% YoY
-8.7%
OPM % · Jun 2026
-77.6% YoY
₹-21 Cr
Net Profit · Jun 2026
-26.0% YoY
₹-2.54
EPS · Jun 2026
-27.6% YoY

📝 Shalimar Paints Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Shalimar Paints Limited reported revenue of ₹138 crore for the quarter ended June 2026 (Q1 FY27), down 10.1% from ₹153 crore in the same quarter last year, and down 11.5% sequentially over the March 2026 quarter.

The company reported a net loss of ₹21 crore, against a net loss of ₹17 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-2.54.

Operating profit stood at ₹-12 crore — an operating margin (OPM) of -8.7%, compared with -4.9% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Shalimar Paints Limited posted revenue of ₹575 crore, a decline of 4.1% over FY25, with a net loss of ₹65 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹559 crore with a net loss of ₹69 crore.

Valuation snapshot

At the current price of ₹80.87, SHALPAINTS has a market capitalisation of ₹677 crore.

Within the Paints / Varnishes industry, it is the 2nd-largest of the 3 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 74.96%, foreign institutional investors (FIIs) 0.01%, domestic institutional investors (DIIs) 0.03%, public shareholders 24.99% of Shalimar Paints Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹677 Cr
Current Price ?
₹80.9
P/E ?
N/A
Industry P/E ?
20.20
P/B ?
2.70
P/S ?
1.21
P/FCF ?
52.07
Enterprise Value ?
₹842 Cr
EV/EBITDA ?
-31.45
PEG ?
N/A
Earnings Yield ?
-5.6%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹559 Cr
OPM ?
-4.8%
Profit after tax (TTM) ?
₹-69 Cr
EPS (TTM) ?
₹-8.26
ROCE ?
-8.0%
ROE ?
-27.6%
ROA ?
-10.8%
Growth
Sales — latest qtr ?
₹138 Cr
PAT — latest qtr ?
₹-21 Cr
YoY qtr sales growth ?
-10.1%
YoY qtr profit growth ?
-26.0%
Sales growth (3y) ?
6%
Sales growth (5y) ?
12%
Profit growth (3y) ?
-31%
Profit growth (5y) ?
-5%
Financial Health
Debt ?
₹165 Cr
Debt to Equity ?
0.66
Interest Coverage ?
-1.7
Current Ratio ?
N/A
Ownership
Promoter holding ?
74.96%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
65.1%
Return 6 months ?
50.4%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 129136126119146144128145148178153134131156138 -10.1% -11.5%
Operating Profit -1-6-5-20-7-22-21-13-16-7-8-6-112-12 -59.2% -676.9%
Other Income 132223111723-411 -35.9% +13.6%
Interest 444422345566765 -18.7% -11.5%
Depreciation 333344444455555 +10.1% -2.7%
Profit Before Tax -6-10-10-26-12-26-27-20-25-10-17-14-27-8-21 -26.0% -168.2%
Net Profit -6-10-10-26-12-26-27-20-25-10-17-14-27-7-21 -26.0% -184.2%
EPS -0.86-1.33-1.42-3.55-1.40-3.16-3.23-2.34-2.93-1.14-1.99-1.69-3.18-0.88-2.54 -27.6% -188.6%
OPM % -0.4% -4.5% -3.7% -16.9% -4.8% -15.6% -16.5% -8.9% -10.7% -4.1% -4.9% -4.7% -8.1% 1.3% -8.7% -77.6% -769.2%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹599 Cr ₹575 Cr ₹559 Cr -4.1%
Operating Profit ₹-57 Cr ₹-22 Cr ₹-27 Cr +61.0%
OPM % -9.55% -3.88% -4.79% +59.4%
NPM % -13.47% -11.29% -12.37% +16.2%
Other Income ₹10 Cr ₹2 Cr ₹1 Cr -80.5%
Depreciation ₹16 Cr ₹20 Cr ₹20 Cr +24.0%
Interest ₹18 Cr ₹25 Cr ₹24 Cr +44.4%
EBIT ₹-73 Cr ₹-42 Cr ₹-47 Cr +42.7%
PBT ₹-81 Cr ₹-65 Cr ₹-70 Cr +19.1%
Tax — — — —
Net Profit ₹-81 Cr ₹-65 Cr ₹-69 Cr +19.7%
EPS ₹-9.64 ₹-7.74 ₹-8.29 +19.7%
Material Cost ₹334 Cr ₹98 Cr — -70.7%
Employee Cost ₹59 Cr ₹19 Cr — -67.7%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 14171717 +0.0%
Reserves 338376298234 -21.5%
Borrowings 140106164165 +0.6%
Other Liabilities 134170223225 +0.9%
Total Liabilities 627670702641 -8.7%
Fixed Assets 272275303300 -1.0%
CWIP 235270 -100.0%
Investments 0000 —
Other Assets 353360372341 -8.3%
Total Assets 627670702641 -8.7%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -4818-5923 +139.0%
Cash from Investing Activity -84-51-14-1 +92.9%
Cash from Financing Activity -74427-25 -192.6%
Net Cash Flow -13911-46-2 +95.7%
Free Cash Flow -59-38-8313 +115.7%
CFO/OP 322%-32%102%-101% -199.0%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 81769088 -2.2%
Inventory Days 12011011296 -14.3%
Days Payable 102134161166 +3.1%
Cash Conversion Cycle 98524118 -56.1%
Working Capital Days 5830-27-57 -111.1%
ROCE % -4%-13%-13%-8% +38.5%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 74.96%74.96%74.96%74.96%74.96% +0.0%
FIIs 0.00%0.01%0.04%0.08%0.01% -87.5%
DIIs 0.03%0.03%0.03%0.03%0.03% +0.0%
Public 25.01%24.99%24.96%24.93%24.99% +0.2%
No. of Shareholders 31,08632,65932,40831,82631,525 -0.9%

⚖️ Peer comparison

Industry: Paints / Varnishes · 3 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 INDIGOPNTS Indigo Paints ₹1,098.90 5,245 32.6 1,466 163 18.6% 11.1% 4.7% 3.8% 19.6% 60.4%
2 SHALPAINTS Shalimar Paints ₹79.00 661 — 559 -69 -4.8% -12.4% -4.1% 19.7% -10.1% -26.0%
3 MCON MCON Rasayan ₹186.35 137 44.7 65 3 11.7% 4.7% — — 26.3% 76.5%
❓ Frequently asked questions
What was Shalimar Paints Limited's revenue in Q1 FY27?
Shalimar Paints Limited reported revenue of ₹138 crore for the quarter ended June 2026 (Q1 FY27), down 10.1% from ₹153 crore in the same quarter last year, and down 11.5% sequentially over the March 2026 quarter.
What was Shalimar Paints Limited's net profit in Q1 FY27?
The company reported a net loss of ₹21 crore, against a net loss of ₹17 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-2.54.
What is SHALPAINTS's market capitalisation and P/E ratio?
At the current price of ₹80.87, SHALPAINTS has a market capitalisation of ₹677 crore.
Who owns Shalimar Paints Limited? (shareholding pattern)
As of Sep 2026, promoters held 74.96%, foreign institutional investors (FIIs) 0.01%, domestic institutional investors (DIIs) 0.03%, public shareholders 24.99% of Shalimar Paints Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI