Shalimar Paints Peer Comparison

NSE: SHALPAINTS | BSE: 509874

₹78.81

₹0.53 (0.68%)

As on 05-Nov-2026IST

Market cap

₹650 Cr

Revenue (TTM)

₹541 Cr

P/E Ratio

P/B Ratio

7.1

Div. Yield

0 %

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	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Market cap (₹ Cr)	650	16,525	12,537	4,299	142
Revenue (₹ Cr)	541	8,627	3,718	1,513	243
Net Profit (₹ Cr)	-87.85	599.34	351.10	151.39	-7.63
Net Margin (%)	-16.15	6.82	9.17	9.90	-3.13
RoE (%)	-36.93	9.68	15.58	13.14	-4.34
Price to Earnings	--	27.02	35.71	28.83	--
Price-To-Book	7.14	2.40	5.40	3.63	0.78

Income Statement (₹ Cr)

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Operating Revenue	540.65	8,626.67	3,717.90	1,427.29	242.63
Total Income	543.96	8,781.61	3,827.70	1,442.89	243.50
Total Expenditure	584.30	7,618.02	3,228.50	1,177.71	241.09
EBITDA	-43.65	1,008.65	489.40	249.58	1.54
Depreciation	20.45	246.87	79.20	56.78	6.68
EBIT	-64.10	761.78	410.20	192.81	-5.15
Interest	22.90	32.98	14.20	2.43	4.12
Other Income	3.31	154.94	109.80	15.60	0.87
Exceptional Items	-4.60	-63.15	-28.30	-5.85	0.00
Profit before Tax	-88.29	820.59	477.50	200.12	-8.40
Provision for Tax	-0.44	221.25	126.40	50.45	-0.77
Profit after Tax	-87.85	599.34	351.10	149.67	-7.63

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Shareholder's Funds	199.73	6,888.08	2,323.40	1,217.24	172.90
Minority Interest	0.00	12.23	0.00	0.00	0.00
Non-Current Liabilities	26.46	352.01	226.70	49.29	21.46
Current Liabilities	403.85	1,994.55	1,320.80	330.26	106.80
Total Liabilities	642.62	8,711.11	5,600.50	--	286.64

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Non-Current Assets	195.11	2,328.71	1,566.50	750.78	50.31
Current Assets	292.37	6,260.80	1,897.50	769.82	239.23
Total Assets	642.62	8,711.11	5,600.50	--	286.64
Total Debt*	157.03	82.68	0.00	--	26.89
Net Current Assets	-111.48	4,266.25	576.70	439.56	132.44
Contingent Liabilities	39.17	44.79	53.70	--	2.03

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Cash From Operating Activities	23.35	894.37	93.20	--	10.92
Cash Flow from Investing Activities	-0.52	-382.65	803.70	--	-8.98
Cash from Financing Activities	-24.71	-403.30	-875.40	--	11.66
Net Cash Inflow / Outflow	-1.88	108.42	21.50	--	13.60

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
ROCE (%)	-12.18	12.44	125.82	--	2.30
ROE (%)	-36.93	9.68	15.58	12.83	-4.34
ROA (%)	-13.33	6.83	9.34	9.92	-2.63
EBIT Margin (%)	-11.86	8.83	11.03	13.51	-2.12
Net Margin (%)	-16.15	6.82	9.17	10.37	-3.13
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Revenue Growth (%)	-12.11	9.83	-4.32	10.81	-8.04
EBIT Growth (%)	-16.61	7.75	-16.18	7.63	-147.06
Net Profit Growth (%)	-34.27	-46.18	-82.36	3.04	-232.51
EPS Growth (%)	-27.24	3.29	-21.42	5.93	-225.85
Book Value Growth (%)	-30.80	4.53	84.38	--	6.26

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Price / Earnings	-7.81	25.10	4.08	27.89	-17.96
Price / Book Value	7.14	2.40	5.40	3.53	0.78
Dividend Yield (%)	0.00	1.22	7.48	0.56	0.00
EV/EBITDA	-17.41	13.90	24.96	15.90	97.37
Market Cap (₹ Cr)	302.15	13,509.49	12,925.09	--	120.74

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Debt to Equity	0.08	0.00	0.00	0.00	0.04
Short term debt to equity ratio	0.62	0.01	--	--	0.13
Current Ratio	0.72	3.14	1.44	2.33	2.24
Quick Ratio	0.44	2.18	0.82	1.70	1.46
Interest Coverage	-2.86	25.88	34.63	83.29	-1.04

	Shalimar Paints	Kansai Nerolac	JSW Dulux	Indigo Paints	Kamdhenu Ventures
Debtors to sales (%)	22.55	22.14	18.01	16.73	60.10
Asset Turnover	0.82	0.98	0.99	0.95	0.84
Receivable days	79.33	57.19	60.23	--	198.77
Inventory Days	65.67	64.70	59.62	--	85.97
Payable days	173.97	79.48	144.42	--	167.67
Cash Conversion Cycle	-28.96	42.40	-24.57	--	117.08

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