Market Cap ₹1341 Cr.
Stock P/E -20.9
P/B 2.9
Current Price ₹160.3
Book Value ₹ 54.5
Face Value 2
52W High ₹225.7
Dividend Yield 0%
52W Low ₹ 140.9
Shalimar Paints Ltd is engaged in manufacturing paints, varnishes, enamels or lacquers. The Company's product categories encompass indoors walls, exterior walls, steel surfaces, wooden surfaces and flooring. Its product classes provide emulsions, distempers, primers, putty and cement-based. It is present in coatings and speciality chemical compounds segments which operates in polymer chemistry and surface chemistry groups, which cater to oil and gasoline, personal care and agrochemical industries. In the industrial segment, it offers Single Pack DT-Primer cum Topcoat, Solvent less Epoxy Costing for pipe industries; Quick drying Single pack Paint for cylinder industries, Low Cost Zinc Silicate for tasks, High Build Quick Drying Coal Tar Epoxy, and Black and Clear Bitumen Varnish and Stoving Paint for hair clip. Its decorative section gives products in the interior and exterior paint category, inclusive of Signature, Superlac Stay Clean and Weather Pro+.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 91 | 96 | 106 | 110 | 111 | 129 | 136 | 126 | 119 | 146 |
| Other Income | 0 | 3 | 2 | 2 | 1 | 1 | 3 | 2 | 2 | 2 |
| Total Income | 91 | 99 | 108 | 111 | 112 | 130 | 139 | 127 | 121 | 147 |
| Total Expenditure | 99 | 102 | 105 | 113 | 115 | 130 | 142 | 130 | 139 | 153 |
| Operating Profit | -8 | -3 | 2 | -2 | -4 | 0 | -3 | -3 | -18 | -5 |
| Interest | 6 | 6 | 6 | 4 | 4 | 4 | 4 | 4 | 4 | 2 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 |
| Exceptional Income / Expenses | 0 | 0 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -17 | -13 | -9 | -10 | -11 | -6 | -10 | -10 | -26 | -12 |
| Provision for Tax | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -17 | -13 | -9 | -10 | -11 | -6 | -10 | -10 | -26 | -12 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -17 | -13 | -9 | -10 | -11 | -6 | -10 | -10 | -26 | -12 |
| Adjusted Earnings Per Share | -3.1 | -2.4 | -1.2 | -1.3 | -1.5 | -0.9 | -1.3 | -1.4 | -3.5 | -1.4 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 502 | 483 | 433 | 403 | 350 | 271 | 288 | 344 | 326 | 358 | 486 | 527 |
| Other Income | 0 | 6 | 2 | 1 | 2 | 1 | 2 | 1 | 7 | 5 | 7 | 9 |
| Total Income | 502 | 489 | 435 | 404 | 352 | 272 | 290 | 345 | 333 | 363 | 493 | 534 |
| Total Expenditure | 464 | 468 | 424 | 373 | 336 | 305 | 349 | 378 | 322 | 381 | 500 | 564 |
| Operating Profit | 38 | 21 | 11 | 31 | 16 | -33 | -60 | -32 | 11 | -18 | -8 | -29 |
| Interest | 17 | 21 | 21 | 22 | 23 | 26 | 25 | 20 | 19 | 22 | 16 | 14 |
| Depreciation | 4 | 4 | 5 | 5 | 8 | 8 | 9 | 11 | 13 | 13 | 13 | 13 |
| Exceptional Income / Expenses | -2 | 0 | 0 | 0 | 0 | 0 | -16 | 7 | -2 | -7 | 0 | 0 |
| Profit Before Tax | 16 | -4 | -15 | 4 | -15 | -67 | -109 | -56 | -24 | -61 | -36 | -58 |
| Provision for Tax | 5 | -1 | -4 | -1 | -6 | -22 | -27 | -18 | 26 | -1 | 0 | 0 |
| Profit After Tax | 11 | -3 | -11 | 5 | -10 | -46 | -82 | -38 | -50 | -60 | -36 | -58 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 11 | -3 | -11 | 5 | -10 | -46 | -82 | -38 | -50 | -60 | -36 | -58 |
| Adjusted Earnings Per Share | 4.2 | -1.1 | -4 | 2 | -3.7 | -18.3 | -15.2 | -7 | -9.2 | -8.4 | -5 | -7.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 36% | 12% | 12% | -0% |
| Operating Profit CAGR | 0% | 0% | 0% | NAN% |
| PAT CAGR | 0% | 0% | 0% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 11% | 23% | 16% | 10% |
| ROE Average | -11% | -17% | -20% | -12% |
| ROCE Average | -4% | -5% | -9% | -0% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 75 | 73 | 62 | 66 | 184 | 138 | 305 | 273 | 223 | 351 | 353 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 7 | 13 | 18 | 34 | 24 | 25 | 18 | 18 | 24 | 82 | 15 |
| Other Non-Current Liabilities | 10 | 10 | 5 | 5 | 29 | 7 | -19 | -38 | -13 | 9 | 9 |
| Total Current Liabilities | 275 | 285 | 294 | 284 | 324 | 350 | 288 | 262 | 278 | 205 | 248 |
| Total Liabilities | 367 | 381 | 380 | 388 | 560 | 519 | 592 | 515 | 511 | 647 | 624 |
| Fixed Assets | 37 | 37 | 76 | 75 | 222 | 250 | 246 | 295 | 283 | 276 | 272 |
| Other Non-Current Assets | 9 | 20 | 3 | 12 | 24 | 3 | 30 | 2 | 2 | 5 | 6 |
| Total Current Assets | 320 | 325 | 300 | 301 | 314 | 266 | 316 | 219 | 226 | 366 | 345 |
| Total Assets | 367 | 381 | 380 | 388 | 560 | 519 | 592 | 515 | 511 | 647 | 624 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 13 | 15 | 4 | 1 | 9 | 8 | 16 | 86 | 3 | 3 | 160 |
| Cash Flow from Operating Activities | 26 | 10 | 38 | 38 | 34 | 36 | -94 | -9 | 16 | -62 | -48 |
| Cash Flow from Investing Activities | -10 | -6 | -26 | -7 | -16 | -11 | -34 | -28 | -5 | -6 | -84 |
| Cash Flow from Financing Activities | -13 | -15 | -16 | -23 | -19 | -18 | 198 | -46 | -11 | 225 | -7 |
| Net Cash Inflow / Outflow | 2 | -11 | -3 | 8 | -1 | 7 | 70 | -83 | -0 | 157 | -139 |
| Closing Cash & Cash Equivalent | 15 | 4 | 1 | 9 | 8 | 16 | 86 | 3 | 3 | 160 | 21 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 4.18 | -1.06 | -4.02 | 1.99 | -3.68 | -18.29 | -15.24 | -7.03 | -9.18 | -8.36 | -5.01 |
| CEPS(Rs) | 5.64 | 0.33 | -2.21 | 3.91 | -0.59 | -15.12 | -13.61 | -5.03 | -6.73 | -6.5 | -3.25 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 27.41 | 26.75 | 22.3 | 23.92 | 69.58 | 55.3 | 56.87 | 50.21 | 41.06 | 48.57 | 43.63 |
| Core EBITDA Margin(%) | 6.31 | 2.52 | 1.69 | 6.25 | 3.43 | -10.89 | -19.21 | -8.86 | 1 | -5.54 | -2.69 |
| EBIT Margin(%) | 5.35 | 3.01 | 1.11 | 5.5 | 1.87 | -13.21 | -26.19 | -9.51 | -1.25 | -9.56 | -3.7 |
| Pre Tax Margin(%) | 2.6 | -0.62 | -2.85 | 0.89 | -3.86 | -21.52 | -33.99 | -14.71 | -6.59 | -15.08 | -6.6 |
| PAT Margin (%) | 1.83 | -0.48 | -2.03 | 1.09 | -2.46 | -14.55 | -25.46 | -10 | -13.82 | -14.93 | -6.6 |
| Cash Profit Margin (%) | 2.46 | 0.15 | -1.12 | 2.14 | -0.39 | -12.03 | -22.73 | -7.16 | -10.13 | -11.62 | -4.28 |
| ROA(%) | 3.29 | -0.75 | -2.78 | 1.37 | -2.05 | -8.44 | -14.73 | -6.9 | -9.71 | -10.42 | -5.69 |
| ROE(%) | 16.56 | -3.92 | -16.39 | 8.63 | -7.87 | -28.37 | -36.94 | -13.22 | -20.12 | -21.04 | -10.86 |
| ROCE(%) | 22.23 | 10.2 | 3.15 | 13.6 | 2.65 | -12.31 | -21.72 | -8.53 | -1.2 | -8.88 | -4.02 |
| Receivable days | 88.59 | 99.27 | 109.68 | 112.73 | 124.07 | 134.38 | 116.39 | 81.5 | 76.5 | 71.43 | 61.97 |
| Inventory Days | 71.97 | 80.05 | 79.59 | 82.37 | 94.22 | 97.09 | 82.59 | 75.51 | 88.76 | 83.16 | 69.6 |
| Payable days | 147.9 | 170.43 | 186.81 | 209.33 | 200.5 | 211.97 | 181.55 | 138.28 | 170.41 | 142.3 | 101.1 |
| PER(x) | 18.72 | 0 | 0 | 39.96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 2.86 | 1.98 | 4.54 | 3.33 | 1.71 | 1.9 | 1.43 | 0.98 | 2.38 | 2.41 | 3.13 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.56 | 0.51 | 0.91 | 0.84 | 1.35 | 1.55 | 1.73 | 1.12 | 2.01 | 2.37 | 2.27 |
| EV/Core EBITDA(x) | 7.31 | 11.63 | 37.47 | 10.74 | 30.49 | -12.6 | -8.33 | -11.84 | 60.33 | -47.62 | -146.03 |
| Net Sales Growth(%) | 3.13 | -3.76 | -10.26 | -7 | -13.19 | -22.47 | 6.06 | 19.55 | -5.32 | 10.02 | 35.56 |
| EBIT Growth(%) | -10.88 | -46.11 | -66.59 | 355.44 | -72.15 | -661.52 | -103.49 | 56.85 | 87.62 | -759.72 | 47.62 |
| PAT Growth(%) | -23.82 | -125.37 | -278.66 | 149.63 | -284.53 | -369.96 | -79.51 | 53.31 | -30.59 | -21.03 | 40.11 |
| EPS Growth(%) | -23.82 | -125.37 | -278.66 | 149.59 | -284.53 | -397.28 | 16.63 | 53.87 | -30.58 | 8.99 | 40.11 |
| Debt/Equity(x) | 1.22 | 1.56 | 2.21 | 2.17 | 0.93 | 1.3 | 0.5 | 0.44 | 0.59 | 0.47 | 0.44 |
| Current Ratio(x) | 1.17 | 1.14 | 1.02 | 1.06 | 0.97 | 0.76 | 1.1 | 0.83 | 0.81 | 1.79 | 1.4 |
| Quick Ratio(x) | 0.68 | 0.71 | 0.66 | 0.67 | 0.69 | 0.55 | 0.85 | 0.5 | 0.49 | 1.32 | 0.94 |
| Interest Cover(x) | 1.94 | 0.83 | 0.28 | 1.19 | 0.33 | -1.59 | -3.36 | -1.83 | -0.23 | -1.73 | -1.27 |
| Total Debt/Mcap(x) | 0.43 | 0.79 | 0.49 | 0.65 | 0.54 | 0.58 | 0.35 | 0.45 | 0.25 | 0.2 | 0.14 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 53.1 | 39.92 | 39.92 | 39.92 | 39.92 | 39.92 | 39.92 | 39.92 | 31.9 | 75.73 |
| FII | 0.6 | 0.24 | 0.01 | 0.07 | 0.06 | 0.03 | 0.08 | 0.03 | 0 | 0.08 |
| DII | 3.11 | 1.88 | 1.8 | 1.62 | 1.62 | 1.62 | 1.62 | 2.04 | 0.06 | 0.03 |
| Public | 43.19 | 57.95 | 58.26 | 58.39 | 58.39 | 58.42 | 58.37 | 58.01 | 68.04 | 24.16 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.67 | 6.34 |
| FII | 0.03 | 0.02 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0.01 |
| DII | 0.17 | 0.14 | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 | 0.15 | 0.01 | 0 |
| Public | 2.35 | 4.19 | 4.21 | 4.22 | 4.22 | 4.22 | 4.22 | 4.19 | 5.7 | 2.02 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5.43 | 7.22 | 7.22 | 7.22 | 7.22 | 7.22 | 7.22 | 7.22 | 8.37 | 8.37 |
Pros
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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