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Last Updated on: 04 December, 2025
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 509874 | NSE: SHALPAINTS

Shalimar Paints Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: December 4, 2025, 1:43 am

Market Cap 537 Cr.
Current Price 64.4
High / Low 144/64.1
Stock P/E
Book Value 34.0
Dividend Yield0.00 %
ROCE12.8 %
ROE22.6 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Shalimar Paints Ltd

Competitors of Shalimar Paints Ltd

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Sirca Paints India Ltd 2,862 Cr. 505 539/23149.4 78.00.30 %20.0 %14.9 % 10.0
Shalimar Paints Ltd 537 Cr. 64.4 144/64.1 34.00.00 %12.8 %22.6 % 2.00
Kansai Nerolac Paints Ltd 18,849 Cr. 233 284/21829.0 80.11.07 %13.0 %10.4 % 1.00
Berger Paints India Ltd 65,057 Cr. 558 605/43858.8 53.90.68 %24.9 %20.3 % 1.00
Akzo Nobel India Ltd 16,033 Cr. 3,530 3,958/3,02241.1 4952.83 %41.7 %32.2 % 10.0
Industry Average64,448.33 Cr1,307.4049.76157.500.95%23.02%20.17%4.17

All Competitor Stocks of Shalimar Paints Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 110111129135126119146144128145148178153
Expenses 113115130141130139153167150158164185161
Operating Profit -3-5-1-6-5-20-7-22-21-13-15-7-8
OPM % -3%-4%-0%-4%-4%-17%-5%-16%-16%-9%-10%-4%-5%
Other Income 2113222311172
Interest 4444442234556
Depreciation 3333334444445
Profit before tax -10-11-6-10-10-26-12-26-27-20-24-10-17
Tax % 0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit -10-11-6-10-10-26-12-26-27-20-24-10-17
EPS in Rs -1.33-1.49-0.86-1.33-1.42-3.55-1.38-3.16-3.23-2.34-2.86-1.14-1.99

Last Updated: August 20, 2025, 3:50 am

Below is a detailed analysis of the quarterly data for Shalimar Paints Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 153.00 Cr.. The value appears to be declining and may need further review. It has decreased from 178.00 Cr. (Mar 2025) to 153.00 Cr., marking a decrease of 25.00 Cr..
  • For Expenses, as of Jun 2025, the value is 161.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 185.00 Cr. (Mar 2025) to 161.00 Cr., marking a decrease of 24.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is -8.00 Cr.. The value appears to be declining and may need further review. It has decreased from -7.00 Cr. (Mar 2025) to -8.00 Cr., marking a decrease of 1.00 Cr..
  • For OPM %, as of Jun 2025, the value is -5.00%. The value appears to be declining and may need further review. It has decreased from -4.00% (Mar 2025) to -5.00%, marking a decrease of 1.00%.
  • For Other Income, as of Jun 2025, the value is 2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7.00 Cr. (Mar 2025) to 2.00 Cr., marking a decrease of 5.00 Cr..
  • For Interest, as of Jun 2025, the value is 6.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.00 Cr. (Mar 2025) to 6.00 Cr., marking an increase of 1.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 5.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4.00 Cr. (Mar 2025) to 5.00 Cr., marking an increase of 1.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is -17.00 Cr.. The value appears to be declining and may need further review. It has decreased from -10.00 Cr. (Mar 2025) to -17.00 Cr., marking a decrease of 7.00 Cr..
  • For Tax %, as of Jun 2025, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00%.
  • For Net Profit, as of Jun 2025, the value is -17.00 Cr.. The value appears to be declining and may need further review. It has decreased from -10.00 Cr. (Mar 2025) to -17.00 Cr., marking a decrease of 7.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is -1.99. The value appears to be declining and may need further review. It has decreased from -1.14 (Mar 2025) to -1.99, marking a decrease of 0.85.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 23, 2025, 2:06 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 465416384350271288344326358484535599624
Expenses 450407354335305349377322381499589656667
Operating Profit 1593014-34-61-344-22-15-54-57-43
OPM % 3%2%8%4%-13%-21%-10%1%-6%-3%-10%-9%-7%
Other Income 62111-1485-3781011
Interest 21212223262520192216131821
Depreciation 45588911131313151616
Profit before tax -4-154-15-67-109-56-24-61-36-74-80-70
Tax % -22%-29%-23%-36%-32%-25%-32%110%-1%0%0%0%
Net Profit -3-115-10-46-82-38-50-60-36-74-80-70
EPS in Rs -0.50-1.870.93-1.72-8.10-15.25-7.03-9.18-8.36-5.01-8.82-9.58-8.33
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-266.67%145.45%-300.00%-360.00%-78.26%53.66%-31.58%-20.00%40.00%-105.56%-8.11%
Change in YoY Net Profit Growth (%)0.00%412.12%-445.45%-60.00%281.74%131.92%-85.24%11.58%60.00%-145.56%97.45%

Shalimar Paints Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:12%
3 Years:19%
TTM:16%
Compounded Profit Growth
10 Years:%
5 Years:-27%
3 Years:-21%
TTM:23%
Stock Price CAGR
10 Years:0%
5 Years:1%
3 Years:-25%
1 Year:-49%
Return on Equity
10 Years:-18%
5 Years:-18%
3 Years:-18%
Last Year:-23%

Last Updated: September 5, 2025, 1:26 pm

Balance Sheet

Last Updated: December 4, 2025, 1:57 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 444441111111414171717
Reserves 705862180134295262212336338376298268
Borrowings 110130137171179154121131168140106164190
Other Liabilities 198191188180177135142152128134170223214
Total Liabilities 381382391535494594536506647627670702688
Fixed Assets 377675222250246295283276272275303278
CWIP 1816141240002352729
Investments 0003000000000
Other Assets 327305311296244325241222371353360372381
Total Assets 381382391535494594536506647627670702688

Below is a detailed analysis of the balance sheet data for Shalimar Paints Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 17.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 17.00 Cr..
  • For Reserves, as of Sep 2025, the value is 268.00 Cr.. The value appears to be declining and may need further review. It has decreased from 298.00 Cr. (Mar 2025) to 268.00 Cr., marking a decrease of 30.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 190.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 164.00 Cr. (Mar 2025) to 190.00 Cr., marking an increase of 26.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 214.00 Cr.. The value appears to be improving (decreasing). It has decreased from 223.00 Cr. (Mar 2025) to 214.00 Cr., marking a decrease of 9.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 688.00 Cr.. The value appears to be improving (decreasing). It has decreased from 702.00 Cr. (Mar 2025) to 688.00 Cr., marking a decrease of 14.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 278.00 Cr.. The value appears to be declining and may need further review. It has decreased from 303.00 Cr. (Mar 2025) to 278.00 Cr., marking a decrease of 25.00 Cr..
  • For CWIP, as of Sep 2025, the value is 29.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Mar 2025) to 29.00 Cr., marking an increase of 2.00 Cr..
  • For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 381.00 Cr.. The value appears strong and on an upward trend. It has increased from 372.00 Cr. (Mar 2025) to 381.00 Cr., marking an increase of 9.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 688.00 Cr.. The value appears to be declining and may need further review. It has decreased from 702.00 Cr. (Mar 2025) to 688.00 Cr., marking a decrease of 14.00 Cr..

Notably, the Reserves (268.00 Cr.) exceed the Borrowings (190.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-95.00-121.00-107.00-157.00-213.00-215.00-155.00-127.00-190.00-155.00-160.00-221.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days125135136130142126768980817690
Inventory Days126126154139129118136146130120110112
Days Payable168187218193244162151183133102134161
Cash Conversion Cycle837372752882615277985241
Working Capital Days2848-25-138-80-51-66-15830-27
ROCE %7%2%13%3%-12%-18%-10%-1%-7%-4%-13%-13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters39.93%39.93%39.93%39.93%31.90%75.72%75.72%75.72%75.72%74.96%74.96%74.96%
FIIs0.06%0.03%0.08%0.03%0.00%0.08%0.02%0.00%0.00%0.01%0.00%0.01%
DIIs1.62%1.62%1.62%2.04%0.06%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public58.39%58.42%58.36%58.00%68.04%24.15%24.22%24.23%24.23%25.00%25.01%24.99%
No. of Shareholders23,42922,15021,75221,55623,24024,33326,50330,00931,10029,91331,08632,659

Shareholding Pattern Chart

No. of Shareholders

Shalimar Paints Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -9.58-9.52-5.01-11.46-9.18
Diluted EPS (Rs.) -9.58-9.52-5.01-11.46-9.18
Cash EPS (Rs.) -7.69-7.05-3.25-7.03-6.73
Book Value[Excl.RevalReserv]/Share (Rs.) 24.6433.9948.5151.5041.08
Book Value[Incl.RevalReserv]/Share (Rs.) 37.6346.9748.5151.5041.08
Revenue From Operations / Share (Rs.) 71.5763.9167.2349.5959.95
PBDIT / Share (Rs.) -5.60-5.50-1.04-2.471.99
PBIT / Share (Rs.) -7.48-7.27-2.80-4.33-0.45
PBT / Share (Rs.) -9.58-8.82-5.00-8.89-4.38
Net Profit / Share (Rs.) -9.58-8.82-5.00-8.89-9.18
NP After MI And SOA / Share (Rs.) -9.58-8.82-5.00-8.89-9.18
PBDIT Margin (%) -7.81-8.60-1.55-4.983.32
PBIT Margin (%) -10.45-11.38-4.16-8.74-0.76
PBT Margin (%) -13.38-13.80-7.44-17.93-7.30
Net Profit Margin (%) -13.38-13.80-7.44-17.93-15.31
NP After MI And SOA Margin (%) -13.38-13.80-7.44-17.93-15.31
Return on Networth / Equity (%) -38.86-25.96-10.31-17.27-22.35
Return on Capital Employeed (%) -18.02-14.31-5.38-6.71-0.98
Return On Assets (%) -11.41-11.02-5.79-9.61-9.91
Long Term Debt / Equity (X) 0.080.070.040.220.10
Total Debt / Equity (X) 0.730.360.390.380.55
Asset Turnover Ratio (%) 0.870.820.750.610.63
Current Ratio (X) 1.001.411.401.840.79
Quick Ratio (X) 0.620.930.931.360.43
Inventory Turnover Ratio (X) 4.793.153.282.712.26
Interest Coverage Ratio (X) -2.67-3.55-0.47-0.800.56
Interest Coverage Ratio (Post Tax) (X) -3.57-4.70-1.27-1.41-1.48
Enterprise Value (Cr.) 934.041441.041101.23820.41645.97
EV / Net Operating Revenue (X) 1.562.692.272.291.98
EV / EBITDA (X) -19.94-31.29-146.03-45.9959.70
MarketCap / Net Operating Revenue (X) 1.382.612.032.361.63
Price / BV (X) 4.014.902.812.282.38
Price / Net Operating Revenue (X) 1.382.612.032.361.63
EarningsYield -0.09-0.05-0.03-0.07-0.09

After reviewing the key financial ratios for Shalimar Paints Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is -9.58. This value is below the healthy minimum of 5. It has decreased from -9.52 (Mar 24) to -9.58, marking a decrease of 0.06.
  • For Diluted EPS (Rs.), as of Mar 25, the value is -9.58. This value is below the healthy minimum of 5. It has decreased from -9.52 (Mar 24) to -9.58, marking a decrease of 0.06.
  • For Cash EPS (Rs.), as of Mar 25, the value is -7.69. This value is below the healthy minimum of 3. It has decreased from -7.05 (Mar 24) to -7.69, marking a decrease of 0.64.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 24.64. It has decreased from 33.99 (Mar 24) to 24.64, marking a decrease of 9.35.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 37.63. It has decreased from 46.97 (Mar 24) to 37.63, marking a decrease of 9.34.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 71.57. It has increased from 63.91 (Mar 24) to 71.57, marking an increase of 7.66.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is -5.60. This value is below the healthy minimum of 2. It has decreased from -5.50 (Mar 24) to -5.60, marking a decrease of 0.10.
  • For PBIT / Share (Rs.), as of Mar 25, the value is -7.48. This value is below the healthy minimum of 0. It has decreased from -7.27 (Mar 24) to -7.48, marking a decrease of 0.21.
  • For PBT / Share (Rs.), as of Mar 25, the value is -9.58. This value is below the healthy minimum of 0. It has decreased from -8.82 (Mar 24) to -9.58, marking a decrease of 0.76.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is -9.58. This value is below the healthy minimum of 2. It has decreased from -8.82 (Mar 24) to -9.58, marking a decrease of 0.76.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is -9.58. This value is below the healthy minimum of 2. It has decreased from -8.82 (Mar 24) to -9.58, marking a decrease of 0.76.
  • For PBDIT Margin (%), as of Mar 25, the value is -7.81. This value is below the healthy minimum of 10. It has increased from -8.60 (Mar 24) to -7.81, marking an increase of 0.79.
  • For PBIT Margin (%), as of Mar 25, the value is -10.45. This value is below the healthy minimum of 10. It has increased from -11.38 (Mar 24) to -10.45, marking an increase of 0.93.
  • For PBT Margin (%), as of Mar 25, the value is -13.38. This value is below the healthy minimum of 10. It has increased from -13.80 (Mar 24) to -13.38, marking an increase of 0.42.
  • For Net Profit Margin (%), as of Mar 25, the value is -13.38. This value is below the healthy minimum of 5. It has increased from -13.80 (Mar 24) to -13.38, marking an increase of 0.42.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is -13.38. This value is below the healthy minimum of 8. It has increased from -13.80 (Mar 24) to -13.38, marking an increase of 0.42.
  • For Return on Networth / Equity (%), as of Mar 25, the value is -38.86. This value is below the healthy minimum of 15. It has decreased from -25.96 (Mar 24) to -38.86, marking a decrease of 12.90.
  • For Return on Capital Employeed (%), as of Mar 25, the value is -18.02. This value is below the healthy minimum of 10. It has decreased from -14.31 (Mar 24) to -18.02, marking a decrease of 3.71.
  • For Return On Assets (%), as of Mar 25, the value is -11.41. This value is below the healthy minimum of 5. It has decreased from -11.02 (Mar 24) to -11.41, marking a decrease of 0.39.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.08. This value is below the healthy minimum of 0.2. It has increased from 0.07 (Mar 24) to 0.08, marking an increase of 0.01.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.73. This value is within the healthy range. It has increased from 0.36 (Mar 24) to 0.73, marking an increase of 0.37.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.87. It has increased from 0.82 (Mar 24) to 0.87, marking an increase of 0.05.
  • For Current Ratio (X), as of Mar 25, the value is 1.00. This value is below the healthy minimum of 1.5. It has decreased from 1.41 (Mar 24) to 1.00, marking a decrease of 0.41.
  • For Quick Ratio (X), as of Mar 25, the value is 0.62. This value is below the healthy minimum of 1. It has decreased from 0.93 (Mar 24) to 0.62, marking a decrease of 0.31.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.79. This value is within the healthy range. It has increased from 3.15 (Mar 24) to 4.79, marking an increase of 1.64.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is -2.67. This value is below the healthy minimum of 3. It has increased from -3.55 (Mar 24) to -2.67, marking an increase of 0.88.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is -3.57. This value is below the healthy minimum of 3. It has increased from -4.70 (Mar 24) to -3.57, marking an increase of 1.13.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 934.04. It has decreased from 1,441.04 (Mar 24) to 934.04, marking a decrease of 507.00.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.56. This value is within the healthy range. It has decreased from 2.69 (Mar 24) to 1.56, marking a decrease of 1.13.
  • For EV / EBITDA (X), as of Mar 25, the value is -19.94. This value is below the healthy minimum of 5. It has increased from -31.29 (Mar 24) to -19.94, marking an increase of 11.35.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.38. This value is within the healthy range. It has decreased from 2.61 (Mar 24) to 1.38, marking a decrease of 1.23.
  • For Price / BV (X), as of Mar 25, the value is 4.01. This value exceeds the healthy maximum of 3. It has decreased from 4.90 (Mar 24) to 4.01, marking a decrease of 0.89.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.38. This value is within the healthy range. It has decreased from 2.61 (Mar 24) to 1.38, marking a decrease of 1.23.
  • For EarningsYield, as of Mar 25, the value is -0.09. This value is below the healthy minimum of 5. It has decreased from -0.05 (Mar 24) to -0.09, marking a decrease of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Shalimar Paints Ltd as of December 4, 2025 is: 94.05

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 4, 2025, Shalimar Paints Ltd is Undervalued by 46.04% compared to the current share price 64.40

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Shalimar Paints Ltd as of December 4, 2025 is: 94.61

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 4, 2025, Shalimar Paints Ltd is Undervalued by 46.91% compared to the current share price 64.40

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 0.59%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -21.67, which is a positive sign.
  2. The company has higher reserves (222.23 cr) compared to borrowings (146.23 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -4.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 66.17, which may not be favorable.
  3. The company has not shown consistent growth in sales (418.77) and profit (-46.69).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Shalimar Paints Ltd:
    1. Net Profit Margin: -13.38%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -18.02% (Industry Average ROCE: 23.02%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -38.86% (Industry Average ROE: 20.17%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -3.57
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.62
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 49.76)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.73
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

Fundamental Analysis of Shalimar Paints Ltd

Shalimar Paints Ltd. is a Public Limited Listed company incorporated on 16/12/1902 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24222HR1902PLC065611 and registration number is 065611. Currently Company is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers. Company’s Total Operating Revenue is Rs. 358.10 Cr. and Equity Capital is Rs. 14.44 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Paints/VarnishesStainless Centre, 4th Floor, Gurgaon Haryana 122001askus@shalimarpaints.com
http://www.shalimarpaints.com
Management
NamePosition Held
Dr. Rajeev UberoiChairman
Mr. Ashok Kumar GuptaManaging Director
Mr. Abhyuday JindalDirector
Mr. Souvik Pulakesh SenguptaDirector
Mr. Vijay Kumar SharmaDirector
Mr. Sanjiv GargDirector
Ms. Shan JainDirector
Mr. Atul Rasiklal DesaiDirector

Shalimar Paints Ltd. Share Price Update

Share PriceValue
Today₹156.05
Previous Day₹161.90

FAQ

What is the intrinsic value of Shalimar Paints Ltd?

Shalimar Paints Ltd's intrinsic value (as of 04 December 2025) is 94.05 which is 46.04% higher the current market price of 64.40, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 537 Cr. market cap, FY2025-2026 high/low of 144/64.1, reserves of ₹268 Cr, and liabilities of 688 Cr.

What is the Market Cap of Shalimar Paints Ltd?

The Market Cap of Shalimar Paints Ltd is 537 Cr..

What is the current Stock Price of Shalimar Paints Ltd as on 04 December 2025?

The current stock price of Shalimar Paints Ltd as on 04 December 2025 is 64.4.

What is the High / Low of Shalimar Paints Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Shalimar Paints Ltd stocks is 144/64.1.

What is the Stock P/E of Shalimar Paints Ltd?

The Stock P/E of Shalimar Paints Ltd is .

What is the Book Value of Shalimar Paints Ltd?

The Book Value of Shalimar Paints Ltd is 34.0.

What is the Dividend Yield of Shalimar Paints Ltd?

The Dividend Yield of Shalimar Paints Ltd is 0.00 %.

What is the ROCE of Shalimar Paints Ltd?

The ROCE of Shalimar Paints Ltd is 12.8 %.

What is the ROE of Shalimar Paints Ltd?

The ROE of Shalimar Paints Ltd is 22.6 %.

What is the Face Value of Shalimar Paints Ltd?

The Face Value of Shalimar Paints Ltd is 2.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shalimar Paints Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE