SHALPAINTS
Shalimar Paints Limited (SHALPAINTS) Stock Analysis
Shalimar Paints Limited is one of India's oldest paint companies producing decorative and industrial coatings. It sells interior, exterior, and specialty paints through dealers and projects nationwide. The company competes in decorative paints with heritage brands and institutional supply. It is listed on Indian stock exchanges.
Basic Materials › Specialty Chemicals
₹80.70
-5.57% 1W | -2.90% 52W
Market Cap
675 CR
P/E Ratio
–
52W High
₹96
52W Low
₹35.2
Div. Yield
0%
Beta
0.2
50 DMA
₹75
200 DMA
₹59.9
Profit Margin
-12.4%
Inst. Own.
0%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
| Profit before tax | -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 in Rs | -1.42 | -3.55 | -1.38 | -3.16 | -3.23 | -2.34 | -2.93 | -1.14 | -2.00 | -1.69 | -3.18 | -0.88 | -2.54 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | -3.0% | -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 |
| Profit before tax | -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 in Rs | -1.87 | 0.93 | -1.72 | -8.10 | -15.25 | -7.03 | -9.18 | -8.36 | -5.01 | -8.82 | -9.70 | -7.76 | -8.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 6.0% | 12.0% | 4.0% |
| Profit CAGR | -31.0% | -5.0% | – |
Shareholding Pattern
Promoters74.96%
DIIs0.03%
Public25.01%
Promoters74.96%
FIIs0.01%
DIIs0.03%
Public24.99%
Promoters74.96%
FIIs0.04%
DIIs0.03%
Public24.96%
Promoters74.96%
FIIs0.08%
DIIs0.03%
Public24.93%
Promoters74.96%
FIIs0.04%
DIIs0.03%
Public24.96%
Promoters39.93%
FIIs0.03%
DIIs1.62%
Public58.42%
Promoters75.72%
FIIs0.08%
DIIs0.03%
Public24.15%
Promoters74.96%
FIIs0.01%
DIIs0.03%
Public25.00%
Promoters74.96%
FIIs0.08%
DIIs0.03%
Public24.93%
Promoters74.96%
FIIs0.04%
DIIs0.03%
Public24.96%
SHALPAINTS
Holdings Analysis
Key strengths & risk signals
54
Overall
32
Fundamental
77
Technical
Risks (3)
Cannot calculate PEG - insufficient growth data.
WEAK YEAR! Stock declined 2.9% in the last year.
WEAK MOMENTUM! Limited price growth - -5.6% (1 week), -11.8% (1 month), 48.8% (3 months).
Strengths (3)
BULLISH TREND! 50-day average (75.0) is above 200-day average (59.9) - positive signal.
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 1,452,212 vs down days: 144,496. Ratio: 10.05x
LOW VOLATILITY! Beta of 0.20 - stable stock, less market risk.
Fundamental & Technical Analysis
54Overall
32Fundamental
77Technical
Fundamental Breakdown
Growth Quality
10/30
Revenue CAGR: 5.9% (MODERATE, 8/15). Profit CAGR: 0% (DECLINING, 2/15).
Profit Margin
2/10
LOW MARGIN! -12.4% profit margin - thin profits.
PEG Valuation
0/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 58.36% public ownership - higher volatility risk.
Stability Index
2/10
CAUTION! Company made loss in last quarter. Be careful.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (75.0) is above 200-day average (59.9) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (80.7) is above both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
3/10
WEAK YEAR! Stock declined 2.9% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 1,452,212 vs down days: 144,496. Ratio: 10.05x
RSI
3/5
NEUTRAL! RSI at 51.1 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 74.8% of 52W range - positive territory.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -5.6% (1 week), -11.8% (1 month), 48.8% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.20 - stable stock, less market risk.
Peer Comparison
Basic Materials · Specialty Chemicals · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SHALPAINTS | ₹80.70 | – | -12.4% | 5.9% | – | -2.9% | 54 | BREAKDOWN | +27.5% | +187.8% | -10.9% | -11.7% |
| JAYAGROGN | ₹225.40 | 12.4 | 2.1% | -4.7% | 0.7% | -7.2% | 59 | CONSOLIDATING DOWN | +24.8% | +13.6% | +18.5% | +23.2% |
| KRONOX | ₹173.60 | 22.3 | 27.2% | 1.9% | 18.5% | -1.1% | 77 | CONSOLIDATING UP | +15.9% | -8.8% | +16.9% | +8.8% |
| CHEMBONDCH | ₹274.00 | 19.3 | 11.0% | -9.5% | 11.7% | +39.7% | 73 | CONSOLIDATING UP | +50.8% | -18.8% | +32.3% | -14.7% |
| AGARIND | ₹407.80 | 14.9 | 2.7% | -6.4% | -22.1% | -56.6% | 46 | BREAKDOWN | -20.8% | -34.4% | -27.0% | +6.9% |
| DICIND | ₹628.50 | 20 | 2.9% | 0.8% | -24.9% | +4.3% | 68 | BREAKOUT | +225.0% | +240.5% | +25.2% | +17.9% |
| KOTHARIPET | ₹132.60 | 10.8 | 12.5% | 7.0% | 22.8% | -14.8% | 72 | APPROACHING SUPPORT | -3.4% | -4.5% | -8.8% | -4.2% |
| FAIRCHEMOR | ₹622.90 | 55 | 2.8% | -10.8% | -49.7% | -24.5% | 43 | BREAKDOWN | +733.3% | +170.3% | +34.3% | +50.6% |
Data from TradeAlone · Updated daily
No news tagged for SHALPAINTS yet.
