SHALIM PAINTS LTD (SHALPAINTS) financials

SHALIM PAINTS LTD (SHALPAINTS) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1902, Shalimar Paints Ltd manufactures, sells and distributes paints, coatings and providing related services[1]

Market Cap: ₹684Cr.
Current Price: ₹81.7
ROE: -21.9%
ROCE: -7.74%
Book Value: ₹28.4
Dividend Yield: 0.00%
52W High / Low: ₹96.7/34.4

In Jun 2026, SHALIM PAINTS LTD (SHALPAINTS) reported sales ₹136 Cr and net profit ₹-21 Cr.

Annual TTM: sales ₹552 Cr, net profit ₹-67 Cr.

Shareholding: Promoters 74.96% (Sep 2026), FIIs 0.02% (Sep 2026), DIIs 0.03% (Sep 2026), Public 24.99% (Sep 2026), No. of Shareholders 31,525% (Sep 2026).

SHALPAINTS quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	145	148	178	153	132	130	153	136
Expenses	158	163	185	161	138	141	150	148
Operating Profit	-13	-15	-7	-8	-6	-11	3	-12
OPM %	-9%	-10%	-4.1%	-4.9%	-4.5%	-8%	2.2%	-9%
Other Income	1	1	7	2	3	-4	1	1
Interest	4	5	5	6	6	7	6	5
Depreciation	4	4	4	5	5	5	5	5
Profit before tax	-20	-24	-10	-17	-14	-27	-6	-21
Tax %	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-20	-24	-10	-17	-14	-27	-6	-21
EPS in Rs	-2.34	-2.86	-1.14	-1.99	-1.66	-3.18	-0.74	-2.48
Raw PDF	—	—	—	—	—	—	—	—

SHALPAINTS profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	344	326	358	484	535	599	569	552
Expenses	377	322	381	499	589	656	590	577
Operating Profit	-34	4	-22	-15	-54	-57	-21	-25
OPM %	-10%	1.1%	-6%	-3.0%	-10%	-9%	-3.7%	-4.6%
Other Income	8	5	-2	7	8	10	2	2
Interest	20	19	22	16	13	18	25	24
Depreciation	11	13	13	13	15	16	20	20
Profit before tax	-56	-23	-61	-36	-74	-80	-63	-67
Tax %	-32%	111%	-1%	0%	0%	0%	0%	—
Net Profit	-38	-50	-60	-36	-74	-80	-63	-67
EPS in Rs	-6.98	-9.12	-8.30	-5.00	-8.81	-9.57	-7.57	-8.06
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

SHALPAINTS balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11	11	11	14	14	17	17	17
Reserves	278	246	196	320	322	361	282	221
Borrowings	152	122	131	168	140	106	164	165
Other Liabilities	136	141	152	126	132	168	221	219
Total Liabilities	577	520	490	628	608	651	684	622
Fixed Assets	218	267	256	248	245	248	276	300
CWIP	24	0	0	0	2	35	27	0
Investments	1	1	1	6	6	9	9	7
Other Assets	334	251	232	374	356	360	372	315
Total Assets	577	520	490	628	608	651	684	622

SHALPAINTS cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-94	-10	16	-61	-48	18	-59	27
Cash from Investing Activity	-33	-28	-5	-6	-84	-51	-14	-4
Cash from Financing Activity	198	-46	-11	225	-7	44	27	-25
Net Cash Flow	70	-83	-0	157	-139	11	-46	-2
Free Cash Flow	-127	-42	14	-64	-59	-38	-83	17
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	153%	28%	435%	274%	322%	-33%	102%	-127%

SHALPAINTS shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	75.72%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%
FIIs	0.00%	0.01%	0.00%	0.01%	0.04%	0.08%	0.04%	0.02%
DIIs	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Public	24.23%	25.00%	25.01%	24.99%	24.96%	24.93%	24.96%	24.99%
No. of Shareholders	31,100	29,913	31,086	32,659	32,408	31,826	31,768	31,525

SHALPAINTS key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	126	76	89	80	81	76	90	87
Inventory Days	118	136	146	130	120	110	112	97
Days Payable	162	151	183	133	102	134	161	167
Cash Conversion Cycle	82	61	52	77	98	52	41	17
Working Capital Days	-80	-50	-66	-1	58	31	-27	-72
ROCE %	-18%	-10%	-1%	-7%	-4%	-13%	-13%	-8%

SHALPAINTSUpdated 20 Oct 2026, 5:48

Shalim Paints Ltd

SHALPAINTSUpdated 20 Oct 2026, 5:48

Market Cap

₹684Cr.

Current Price

₹81.7

High / Low

₹96.7/34.4

ROE-21.9%

ROCE-7.74%

Book Value₹28.4

Face Value₹2.00

Dividend Yield0.00%

About

Incorporated in 1902, Shalimar Paints Ltd manufactures, sells and distributes paints, coatings and providing related services[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Net Profit	EPS (₹)
Jun 2023	126	4	130	2	3	-10	-10	-1.42
Sep 2023	119	4	139	2	3	-26	-26	-3.55
Dec 2023	146	2	153	2	4	-12	-12	-1.37
Mar 2024	144	2	167	3	4	-26	-26	-3.15
Jun 2024	128	3	150	1	4	-27	-27	-3.23
Sep 2024	145	4	158	1	4	-20	-20	-2.34
Dec 2024	148	5	163	1	4	-24	-24	-2.86
Mar 2025	178	5	185	7	4	-10	-10	-1.14
Jun 2025	153	6	161	2	5	-17	-17	-1.99
Sep 2025	132	6	138	3	5	-14	-14	-1.66
Dec 2025	130	7	141	-4	5	-27	-27	-3.18
Mar 2026	153	6	150	1	5	-6	-6	-0.74
Jun 2026	136	5	148	1	5	-21	-21	-2.48

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	416	21	407	2	5	-15	-29	-11	-1.87
Mar 2016	384	22	354	1	5	4	-22	5	0.94
Mar 2017	350	23	335	1	8	-15	-36	-10	-1.71
Mar 2018	271	26	305	1	8	-67	-32	-45	-8.08
Mar 2019	288	25	349	-14	9	-109	-25	-82	-15.21
Mar 2020	344	20	377	8	11	-56	-32	-38	-6.98
Mar 2021	326	19	322	5	13	-23	111	-50	-9.12
Mar 2022	358	22	381	-2	13	-61	-1	-60	-8.3
Mar 2023	484	16	499	7	13	-36	0	-36	-5
Mar 2024	535	13	589	8	15	-74	0	-74	-8.81
Mar 2025	599	18	656	10	16	-80	0	-80	-9.57
Mar 2026	569	25	590	2	20	-63	0	-63	-7.57
TTM	552	24	577	2	20	-67	—	-67	-8.06

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.96%
FIIs	0.02%
DIIs	0.03%
Public	24.99%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	31.9%	0%	0.06%	68.04%
Mar 2024	75.72%	0.08%	0.03%	24.15%
Jun 2024	75.72%	0.02%	0.03%	24.22%
Sep 2024	75.72%	0%	0.03%	24.23%
Dec 2024	75.72%	0%	0.03%	24.23%
Mar 2025	74.96%	0.01%	0.03%	25%
Jun 2025	74.96%	0%	0.03%	25.01%
Sep 2025	74.96%	0.01%	0.03%	24.99%
Dec 2025	74.96%	0.04%	0.03%	24.96%
Mar 2026	74.96%	0.08%	0.03%	24.93%
Jun 2026	74.96%	0.04%	0.03%	24.96%
Sep 2026	74.96%	0.02%	0.03%	24.99%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	4	58	130	191	382	71	1	1	310	382
Mar 2016	4	62	137	188	391	67	6	1	317	391
Mar 2017	4	163	171	177	515	194	14	4	303	515
Mar 2018	4	117	179	177	477	222	1	1	253	477
Mar 2019	11	278	152	136	577	218	24	1	334	577
Mar 2020	11	246	122	141	520	267	0	1	251	520
Mar 2021	11	196	131	152	490	256	0	1	232	490
Mar 2022	14	320	168	126	628	248	0	6	374	628
Mar 2023	14	322	140	132	608	245	2	6	356	608
Mar 2024	17	361	106	168	651	248	35	9	360	651
Mar 2025	17	282	164	221	684	276	27	9	372	684
Mar 2026	17	221	165	219	622	300	0	7	315	622

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	38	-26	-16	-4
Mar 2016	36	-5	-23	8
Mar 2017	34	-16	-19	-1
Mar 2018	36	-10	-18	7
Mar 2019	-94	-33	198	70
Mar 2020	-10	-28	-46	-83
Mar 2021	16	-5	-11	0
Mar 2022	-61	-6	225	157
Mar 2023	-48	-84	-7	-139
Mar 2024	18	-51	44	11
Mar 2025	-59	-14	27	-46
Mar 2026	27	-4	-25	-2

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	135	136	130	142	126	76	89	80	81	76	90	87
Inventory Days	126	154	139	129	118	136	146	130	120	110	112	97
Days Payable	187	218	193	244	162	151	183	133	102	134	161	167
Cash Conversion Cycle	73	72	75	28	82	61	52	77	98	52	41	17
Working Capital Days	4	9	-25	-138	-80	-50	-66	-1	58	31	-27	-72
ROCE %	2%	13%	3%	-13%	-18%	-10%	-1%	-7%	-4%	-13%	-13%	-8%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SHALIM PAINTS LTD (SHALPAINTS)?

The reported market capitalisation for SHALIM PAINTS LTD (SHALPAINTS) is ₹684Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SHALPAINTS?

The current price shown for SHALIM PAINTS LTD (SHALPAINTS) on Fincrux is ₹81.7 with a 52-week high/low of ₹96.7/34.4.

What were SHALPAINTS latest quarterly results?

For Jun 2026, SHALIM PAINTS LTD (SHALPAINTS) reported sales ₹136 Cr and net profit ₹-21 Cr (figures in ₹ crore unless noted).

What are SHALPAINTS annual sales and net profit?

For TTM, SHALIM PAINTS LTD (SHALPAINTS) shows sales of ₹552 Cr and net profit of ₹-67 Cr on the Fincrux profit & loss statement.

Who owns SHALIM PAINTS LTD (SHALPAINTS)?

Latest shareholding for SHALIM PAINTS LTD (SHALPAINTS) on Fincrux: Promoters 74.96% (Sep 2026), FIIs 0.02% (Sep 2026), DIIs 0.03% (Sep 2026), Public 24.99% (Sep 2026), No. of Shareholders 31,525% (Sep 2026).

Where can I find SHALIM PAINTS LTD (SHALPAINTS) financials?

SHALIM PAINTS LTD (SHALPAINTS) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SHALPAINTS balance sheet and cash flow?

Yes. The SHALIM PAINTS LTD (SHALPAINTS) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 20 October 2026 at 5:48