Shalimar Paints Peer Comparison

NSE: SHALPAINTS | BSE: 509874

₹76.16

₹-0.92 (-1.19%)

As on 08-Oct-2026IST

Market cap

₹635 Cr

Revenue (TTM)

₹559 Cr

P/E Ratio

P/B Ratio

5.3

Div. Yield

0 %

Edit

	Shalimar Paints	Aether	Asian Paints	Berger Paints	Himadri Speciality	Indigo Paints	JSW Dulux	Kamdhenu Ventures	Kansai Nerolac	SIRCA Paints India
Market cap (₹ Cr)	635	23,151	2,22,812	54,557	33,302	4,936	13,614	134	14,632	2,279
Revenue (₹ Cr)	559	1,224	37,187	12,263	4,974	1,466	3,591	241	8,263	508
Net Profit (₹ Cr)	-69.44	235.19	4,669.66	1,166.34	804.14	163.25	1,962.50	-5.08	588.66	67.02
Net Margin (%)	-12.30	18.79	12.30	9.42	15.54	11.01	52.95	-2.10	7.00	13.05
RoE (%)	-24.21	10.03	23.84	18.66	18.21	14.89	16.31	-2.94	9.81	14.60
Price to Earnings	--	98.43	46.76	44.84	41.67	30.68	6.94	--	24.38	34.01
Price-To-Book	5.30	9.20	9.76	7.47	6.75	4.18	5.38	0.78	2.11	4.64

Income Statement (₹ Cr)

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Operating Revenue	558.79	8,263.47	3,590.90	1,465.82	508.25
Total Income	564.64	8,411.74	3,706.00	1,483.02	513.51
Total Expenditure	585.73	7,263.65	3,101.80	1,193.34	407.94
EBITDA	-26.94	999.82	489.10	272.48	100.32
Depreciation	20.09	238.01	77.40	61.00	10.96
EBIT	-47.03	761.81	411.70	211.48	89.36
Interest	24.10	32.95	12.00	2.81	4.60
Other Income	5.85	148.27	115.10	17.20	5.26
Exceptional Items	-4.60	-63.15	1,845.90	-6.13	0.00
Profit before Tax	-69.88	813.98	2,360.70	219.74	90.02
Provision for Tax	-0.44	225.32	398.20	56.48	23.00
Profit after Tax	-69.44	588.66	1,962.50	163.25	67.02

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Shareholder's Funds	251.18	6,713.78	2,451.60	1,153.97	475.12
Minority Interest	0.00	11.48	0.00	-2.35	0.00
Non-Current Liabilities	13.41	365.11	200.50	107.65	39.45
Current Liabilities	375.97	1,657.15	1,143.20	367.33	74.37
Total Liabilities	642.62	8,711.11	5,600.50	--	610.41

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Non-Current Assets	275.75	2,317.67	1,561.30	748.93	180.16
Current Assets	305.55	5,773.67	1,787.10	811.39	387.39
Total Assets	642.62	8,711.11	5,600.50	--	610.41
Total Debt*	157.03	82.68	0.00	--	32.32
Net Current Assets	-70.42	4,116.52	643.90	444.06	313.02
Contingent Liabilities	39.17	44.79	53.70	--	--

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Cash From Operating Activities	23.35	894.37	93.20	--	44.41
Cash Flow from Investing Activities	-0.52	-382.65	803.70	--	-69.75
Cash from Financing Activities	-24.71	-403.30	-875.40	--	38.83
Net Cash Inflow / Outflow	-1.88	108.42	21.50	--	13.50

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
ROCE (%)	-12.18	12.44	125.82	--	20.28
ROE (%)	-24.21	9.81	16.31	14.89	14.60
ROA (%)	-10.34	6.95	58.59	10.74	12.89
EBIT Margin (%)	-8.42	9.22	11.47	14.43	17.58
Net Margin (%)	-12.30	7.00	52.95	11.01	13.05
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Revenue Growth (%)	-10.74	5.24	-11.12	9.51	24.19
EBIT Growth (%)	22.43	7.39	-21.01	22.72	30.96
Net Profit Growth (%)	2.07	-46.49	383.49	15.32	26.33
EPS Growth (%)	8.56	3.47	-5.42	16.75	21.92
Book Value Growth (%)	-30.80	4.53	84.38	--	35.92

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Price / Earnings	-9.79	22.61	35.46	29.82	34.01
Price / Book Value	5.30	2.11	5.38	4.18	4.64
Dividend Yield (%)	0.00	1.38	6.89	0.48	0.50
EV/EBITDA	-27.65	12.13	27.17	16.90	21.97
Market Cap (₹ Cr)	302.15	13,509.49	12,925.09	--	2,280.50

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Debt to Equity	0.00	0.00	0.00	0.00	0.05
Short term debt to equity ratio	0.62	0.01	--	--	--
Current Ratio	0.81	3.48	1.56	2.21	5.21
Quick Ratio	0.54	2.56	1.06	1.72	3.72
Interest Coverage	-1.90	25.70	197.73	79.20	20.57

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India
Debtors to sales (%)	24.76	17.76	16.79	19.48	30.55
Asset Turnover	0.83	0.98	1.07	0.96	0.98
Receivable days	79.33	57.19	60.23	--	92.10
Inventory Days	65.67	64.70	59.62	--	81.02
Payable days	173.97	79.48	144.42	--	63.38
Cash Conversion Cycle	-28.96	42.40	-24.57	--	109.74

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.