Shalimar Paints Ltd (SHALPAINTS) — shareholding pattern, promoter holding, financials and share price
About Shalimar Paints Ltd (SHALPAINTS)
Shalimar Paints Ltd operates in the Paints industry, within the Consumer Durables sector. It trades on the NSE as SHALPAINTS and on the BSE under scrip code 509874. Its ISIN is INE849C01026.
Incorporated in 1902, Shalimar Paints Ltd manufactures, sells and distributes paints, coatings and providing related services [1]
Shalimar Paints Limited is a leading manufacturer and seller of decorative paints and industrial coatings in India, serving both domestic and international markets.
The company maintains a vast distribution network with facilities in Chennai, Nashik, and Sikandrabad, and its products are sold in India and countries like Nepal, UAE, Bhutan, and Seychelles.
Listed peers in Paints: Kansai Nerolac Paints Ltd, JSW Dulux Ltd, Indigo Paints Ltd, Sirca Paints India Ltd, Kamdhenu Ventures Ltd, Retina Paints Ltd.
Valuation & Returns
10 Jul 2026At ₹51.53 a share on 10 Jul 2026, Shalimar Paints Ltd (SHALPAINTS) was valued at a price-to-earnings ratio of -6.63x against an industry P/E of 50.62x and a price-to-book of 1.1x on a book value of ₹46.97 per share as of Mar 2024. Solomo computes return on equity of -16.49% and return on capital employed of -8.01% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- -6.63x
- Industry P/E
- 50.62x
- P/B
- 1.1x
- EPS (TTM)
- ₹-7.75
- Book value / share
- ₹46.97
- ROE
- -16.49%
- ROCE
- -8.01%
- ROA
- -9.69%
- Debt / equity
- 0.27x
- Dividend yield
- 0%
- EBITDA margin
- -3.56%
- 52-week range
- ₹34.37 – ₹99
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Shalimar Paints Ltd (SHALPAINTS) reported revenue of ₹576 crore, net profit of ₹-65 crore and earnings per share of ₹-7.76. That compares with revenue of ₹599 crore and net profit of ₹-80 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹155.93 crore and net profit ₹-7.39 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 358 | 484 | 535 | 599 | 576 |
| Net profit (₹ cr) | -60 | -36 | -74 | -80 | -65 |
| EPS (₹) | -8.36 | -5.01 | -8.82 | -9.58 | -7.76 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 3.16% | 11.74% | 18.70% | 11.99% |
| Profit growth | - | - | - | -8.54% |
| Stock price CAGR | -6% | -15% | -31% | -49% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.96% of Shalimar Paints Ltd (SHALPAINTS) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.04% and domestic institutional investors (DII) hold 0.03%. Promoters have pledged 70.5% of their holding. Market capitalisation was ₹431 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: HUF 1.69%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.96% | 70.5% | 0.04% | 0.03% | 25.04% |
| Mar 2026 | 74.96% | 70.5% | 0.08% | 0.03% | 25.04% |
| Dec 2025 | 74.96% | 70.5% | 0.04% | 0.03% | 25.04% |
| Sep 2025 | 74.96% | 61.3% | 0.01% | 0.03% | 25.04% |
| Jun 2025 | 74.96% | 57.7% | 0% | 0.03% | 25.04% |
| Mar 2025 | 74.96% | 57.7% | 0.01% | 0.03% | 25.04% |
| Dec 2024 | 75.73% | 66.2% | 0% | 0.03% | 24.27% |
| Sep 2024 | 75.73% | 66.2% | 0% | 0.03% | 24.27% |