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Home › Company Intelligence › Shalimar Paints Limited (SHALPAINTS)
NSE: SHALPAINTS MID_CAP Diversified REPORTED STATUTORY SOURCE • Data as of FY25 FRESH

Shalimar Paints Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY25 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR • Last Checked: 14 Oct 2026
FY25 Revenue ₹421 Cr
FY25 Net Profit ₹-70.60 Cr
Reported EPS ₹-8.43
Operating Margin -17.50%
Return on Equity -18.8%
ROCE -12.3%
Debt / Equity 0.26x
Net Profit Margin -16.76%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q2 FY27): Reported quarterly statutory revenue of ₹115.50 Cr with net profit of ₹-31.99 Cr (EPS: ₹-3.82).

Exchange Disclosure (2026-11-03): Resignation of Director/KMP/SMP —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Shalimar Paints Limited under Diversified.

Official listing profile for Shalimar Paints Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Distressed (14/100)
14 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 0 / 20
Profitability & Margins 0 / 20
Solvency & Capital Structure 9 / 20
Cash Flow Quality 2 / 20
Capital Allocation & Valuation 3 / 20
Key Strengths
  • + Conservative leverage profile (D/E 0.26)
Key Vigilance Points & Risks
  • − YoY revenue contraction (-21.3%)
  • − Net losses recorded in latest fiscal year (₹-70.6 Cr)
  • − Operating at a net loss; return metrics negative
  • − Tight interest coverage safety buffer (-4.7x)
  • − Negative Return on Capital Employed
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS • REPORTED EXCHANGE DATA
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹1k₹0k₹0k₹0k₹0kRevenue: ₹535 CrNet Profit: ₹-74 CrFY24Revenue: ₹421 CrNet Profit: ₹-71 CrFY25RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Dec 2024 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR
Annual Metric (₹ Cr)FY24
Mar 2024
FY25
Dec 2024
Sales / Revenue from Operations₹535₹421
Operating Expenditure₹589N/A
Operating Profit (EBITDA)₹-54₹-74
Operating Profit Margin (OPM %)-10.13%-17.50%
Other Income₹8.12N/A
Finance Costs / Interest₹13N/A
Depreciation & Amortization₹15N/A
Profit Before Tax (PBT)₹-74₹-71
Tax Expense₹0N/A
Net Profit (PAT)₹-74₹-71
Net Profit Margin (NPM %)-13.81%-16.76%
Basic / Diluted EPS (₹)₹-9.52₹-8.43
Cash from Operations (CFO)₹18N/A
Free Cash Flow (FCF)₹-40N/A
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Sep 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q1 FY26
Jun 2025
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Q2 FY27
Sep 2026
Sales / Revenue₹145₹148₹155₹135₹131₹154₹137₹116
Operating Profit (EBITDA)₹-21₹-25₹-17₹-14₹-27₹-6.18₹-21₹-32
OPM %-14.50%-16.75%-10.75%-10.24%-20.28%-4.01%-15.14%-27.70%
Profit Before Tax (PBT)₹-20₹-24₹-17₹-14₹-27₹-6.18₹-21₹-32
Net Profit (PAT)₹-20₹-24₹-17₹-14₹-27₹-6.18₹-21₹-32
NPM %-13.54%-16.19%-10.75%-10.24%-20.28%-4.01%-15.14%-27.70%
Basic / Diluted EPS (₹)₹-2.34₹-2.86₹-1.99₹-1.66₹-3.18₹-0.74₹-2.48₹-3.82
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Exchange Reported
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY24FY25
Equity Share Capital₹17N/A
Reserves & Surplus₹376N/A
Net Worth (Shareholders' Funds)₹393N/A
Total Borrowings & Debt₹103N/A
Total Balance Sheet Assets₹670N/A
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY24FY25
Cash Flow from Operating Activities (CFO)₹18N/A
Cash Flow from Investing Activities (CFI)₹-51N/A
Cash Flow from Financing Activities (CFF)₹63N/A
Free Cash Flow / Net Cash Flow₹-40N/A
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY24FY25
Operating Profit Margin (OPM)-10.13%-17.50%
Net Profit Margin (NPM)-13.81%-16.76%
Return on Equity (ROE)-18.78%N/A
Return on Capital Employed (ROCE)-12.27%N/A
Return on Assets (ROA)-11.03%N/A
Debt to Equity Ratio0.26xN/A
Interest Coverage Ratio-4.2xN/A
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 74.96%
FII: N/A
DII: N/A
Public: 25.04%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025QoQ Shift
Promoter Holding74.96%74.96%74.96%74.96%74.96%74.96%0.00%
Foreign Institutional (FII)N/A0.04%N/AN/AN/AN/A—
Domestic Institutional (DII / MFs)N/A0.03%N/AN/AN/AN/A—
Public & Retail25.04%24.96%25.04%25.04%25.04%25.04%+0.08%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE Appointed: Jul 2024
Mr Venugopal Chetlur
Not Applicable & Executive Director

DIN: 08686707 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: May 2021
Mr Rajeev Uberoi
Chairperson & Non-Executive - Independent Director

DIN: 01731829 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Feb 2022
Mr Souvik Pulakesh Sengupta
Not Applicable & Non-Executive - Non Independent Director

DIN: 07248395 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Feb 2023
Ms Shan Jain
Not Applicable & Non-Executive - Independent Director

DIN: 09661574 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jun 2023
Mr Atul Rasiklal Desai
Not Applicable & Non-Executive - Independent Director

DIN: 01918187 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Apr 2024
Mr Aaditya Gajendra Sharda
Not Applicable & Non-Executive - Non Independent Director

DIN: 07024283 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jul 2024
Mr Vijay Kumar Sharma
Not Applicable & Non-Executive - Independent Director

DIN: 01468701 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹44.35
Dividends Recorded 9 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
CORPORATE_ACTION2024-09-20N/AN/AAnnual General Meeting
CORPORATE_ACTION2023-09-20N/AN/AAnnual General Meeting
CORPORATE_ACTION2022-09-21N/AN/AAnnual General Meeting
CORPORATE_ACTION2021-09-21N/AN/AAnnual General Meeting
CORPORATE_ACTION2020-09-21N/AN/AAnnual General Meeting
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Resignation of Director/KMP/SMP 03 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Resignation of Director/KMP/SMP

Change in Director(s) 03 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Change in Director(s)

Change in Management 03 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Change in Management

Outcome of Board Meeting 28 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

Certificate under SEBI (Depositories and Participants) Regulatio 15 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 08 Oct 2026, 06:43 PM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Shalimar Paints Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Shalimar Paints Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Certificate under SEBI (Depositories and Participants) Regulatio 08 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

TRADING WINDOW 24 Sep 2026, 04:04 PM • NSE_OFFICIAL_API
Trading Window — Shalimar Paints Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Shalimar Paints Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-11-03 Change in Director(s) • NSE_OFFICIAL_API
Change in Director(s)

2026-11-03 Change in Management • NSE_OFFICIAL_API
Change in Management

2026-11-03 Resignation of Director/KMP/SMP • NSE_OFFICIAL_API
Resignation of Director/KMP/SMP

2026-10-28 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-10-15 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-08 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-08 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Shalimar Paints Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Shalimar Paints Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-30 QUARTERLY_RESULTS • Exchange Filing
Financial Results Announced: Q2 FY27

Reported Revenue of ₹115.5 Cr and Net Profit of ₹-32.0 Cr.

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API
Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 74.96% | FII N/A | DII N/A | Public 25.04%.

2026-09-24 Trading Window • NSE_OFFICIAL_API
Trading Window

2026-09-24 TRADING WINDOW • NSE_OFFICIAL_API
Trading Window — Shalimar Paints Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Shalimar Paints Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-15 CORPORATE_ACTION • SRK Intelligence
Shalimar Paints Limited: Final Dividend - Rs. - 2.0000

Final Dividend - Rs. - 2.0000

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (509874) ↗ NSE Official Quote (SHALPAINTS) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 04 Nov 2026, 13:03 VERIFIED d3a3a29fb814...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 01 Nov 2026, 15:09 VERIFIED a12519ff02cc...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 29 Oct 2026, 08:48 VERIFIED a12519ff02cc...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 26 Oct 2026, 20:45 VERIFIED 32e1aeeb1f08...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 23 Oct 2026, 10:17 VERIFIED 32e1aeeb1f08...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 18 Oct 2026, 22:45 VERIFIED 2d7350ac33f0...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 14 Oct 2026, 15:45 VERIFIED 11f6b860602f...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.