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Shalimar Paints SHALPAINTS.NS · INR

Materials · NSE · 🇮🇳 India

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81.07

+2.32%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹5.76bn

FY2017FY2026

Net income

−₹649.5m

FY2017FY2026

Free cash flow

−₹60.8m

FY2017FY2026

Shareholders' equity

₹2.51bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹5.76bn₹5.99bn₹5.35bn₹4.82bn₹3.58bn₹3.24bn₹3.42bn₹2.87bn₹2.69bn₹3.49bn
Research and development—₹67.3m₹66.3m₹47.1m₹29.3m₹23.8m₹32.6m₹2.3m₹3.5m₹37.0m
Operating income−₹400.5m−₹626.1m−₹635.7m−₹202.5m−₹420.7m−₹97.0m−₹369.6m−₹702.7m−₹442.3m₹71.1m
Net income−₹649.5m−₹801.6m−₹738.5m−₹361.5m−₹603.5m−₹498.6m−₹381.8m−₹817.8m−₹455.5m−₹96.9m
Diluted earnings per share-7.76-9.58-8.81-4.39-8.32-9.18-7.01-15.07-20.23-3.68

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹6.41bn₹7.02bn₹6.70bn₹6.24bn₹6.47bn₹5.06bn₹5.36bn₹5.93bn₹4.94bn₹5.35bn
Cash and short-term investments₹506.8m₹533.1m₹1.03bn₹1.06bn₹1.62bn₹76.7m₹45.7m₹909.4m₹188.9m₹145.2m
Total liabilities₹3.89bn₹3.87bn₹2.76bn₹2.71bn₹2.96bn₹2.83bn₹2.63bn₹2.87bn₹3.56bn₹3.51bn
Debt₹1.65bn₹1.64bn₹1.06bn₹1.40bn₹1.68bn₹1.31bn₹1.22bn₹1.54bn₹1.79bn₹1.71bn
Shareholders' equity₹2.51bn₹3.15bn₹3.93bn₹3.53bn₹3.51bn₹2.23bn₹2.73bn₹3.05bn₹1.38bn₹1.84bn
Shares outstanding84m84m84m82m73m54m54m54m23m26m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹41.0m−₹723.2m₹176.8m−₹479.3m−₹618.0m₹159.0m−₹93.0m−₹939.9m₹358.3m₹343.6m
Capital spending−₹101.8m−₹322.4m−₹572.1m−₹112.0m−₹30.6m−₹20.4m−₹327.7m−₹332.5m−₹144.5m−₹135.7m
Free cash flow−₹60.8m−₹1.05bn−₹395.3m−₹591.3m−₹648.7m₹138.6m−₹420.7m−₹1.27bn₹213.8m₹208.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹1.38bn₹1.56bn₹1.31bn₹1.34bn₹1.53bn₹1.78bn₹1.48bn₹1.45bn
Operating income−₹172.4m−₹30.6m−₹157.7m−₹76.5m−₹105.2m−₹46.5m−₹185.7m−₹152.3m
Net income−₹212.6m−₹73.9m−₹266.5m−₹141.4m−₹166.7m−₹95.2m−₹239.8m−₹196.2m
Diluted earnings per share-2.54-0.88-3.18-1.69-1.99-1.14-2.86-2.34
Cash from operations———−₹27.0m—−₹586.0m—−₹746.0m
Capital spending———−₹107.0m—−₹322.0m—−₹184.0m
Free cash flow———−₹134.0m—−₹908.0m—−₹930.0m
Total assets—₹6.41bn—₹6.88bn—₹7.02bn—₹6.89bn
Cash and short-term investments—₹470.9m₹480.7m₹582.9m₹567.6m₹454.7m₹219.2m₹632.8m
Debt—₹1.61bn—₹1.90bn—₹1.67bn—₹1.62bn
Shareholders' equity—₹2.51bn₹2.84bn₹2.84bn₹3.15bn₹3.15bn₹3.47bn₹3.47bn

Financial ratios

Data as of 20 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin-7.0%-10.5%-11.9%-4.2%-11.7%-2.1%—
Net margin-11.3%-13.4%-13.8%-7.5%-16.8%-15.4%—
Return on equity-25.9%-25.4%-18.8%-10.3%-17.2%-22.4%—
Return on assets-10.1%-11.4%-11.0%-5.8%-9.3%-9.9%—
Free cash flow yield2.1%-5.9%10.9%-5.5%-9.9%4.0%—
Revenue growth-3.9%12.0%11.0%34.6%10.5%-5.4%—
Earnings growth-19.0%8.5%104.3%-40.1%21.0%30.6%—
Current ratio0.81x1.00x1.41x1.39x1.79x0.80x—
Debt to equity0.64x0.50x0.27x0.40x0.48x0.59x—
Equity ratio39.2%44.9%58.7%56.5%54.2%44.1%—
Interest coverage-1.58x-3.57x-4.91x-1.27x-1.89x-0.36x—
R&D as a share of sales—1.1%1.2%1.0%0.8%0.7%1.0%
Buybacks as a share of market value0.0%0.2%-1.7%-13.6%-33.6%0.4%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue6.1%12.2%3.6%
Operating income25.5%32.8%—
Net income21.6%5.4%—

Average margins

Over each period

1 year3 years5 years10 years
Operating margin-8.7%-8.5%-8.3%-8.4%
Net margin-12.4%-11.6%-12.7%-11.8%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings-10.2-6.4-14.3-40.5-15.7-12.6-12.8-5.5-3.6-41.6
Price to sales1.10.92.03.02.61.91.41.60.61.2

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 9 Jul 2012.

FY2013FY2012FY2011FY2010FY2009FY2007FY2006FY2005
Paid in the year2.001.601.500.601.400.700.500.40
  • 5-for-1 split · 22 Nov 2012

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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