Shalimar Paints Ltd.
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132.10 -4.60 ▼-3.4%

25 May 2022, 04:01:00 PM
Volume: 9,702

Overview View Details

Sector Chemicals Compare with Sector peers
Industry Paints Compare with Industry peers
Website http://www.shalimarpaints.com
Market Cap 950.01 Cr.
Enterprise Value(EV) 1,096.67 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) -11.09 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-12
Industry PE 81.22 Trailing Twelve Months Ending 2021-12
Book Value / Share 53.54 Trailing Twelve Months Ending 2021-12
Price to Book Value 2.47 Calculated using Price: 132.10
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 7.22 Cr. 72,216,926 Shares
FaceValue 2
Company Profile

Shalimar Paints incorporated in 1902, is one of the leading paints manufacturing companies in India. The company has a colour bank of 9000 shades.

The Company has a wide product range in both Architectural and Industrial sectors.  It has network of 54 branches and depots spread across India. The Company also has tinting systems under the brand name 'Color Space'.  It has network of 6000 dealers.

Manufacturing facilities

The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad. These units has ISO 9000 accreditation for its quality management.

Its Howrah plant, is the first large scale paint manufacturing plant located in South East Asia. It has installed capacity of 14204 MT per year. This plant also has in-house research and development laboratory that is recognized by Dept. of Scientific and Industrial Research, Govt. of India.

Company’s Nashik plant has installed capacity of 16000 MT per year.

Its Sikandrabad unit was set up in technical collaboration with Sherwin Williams of USA.

Products

Decorative- The Company manufactures wide range of decorative paints used for interior or exterior, every surface - concrete, plaster, metal or wood. Under this it has created brand like Xtra, Superlac, Shaktiman, Superlac Hi-Gloss and Hussain Collection.

Industrial- Under this the company has association with companies like Pinchin Johnson Co. and International Paints PLC of the U.K. It manufactures and markets industrial coatings, aviation coatings, marine paints and coatings for metal decoration and food can lacquers.

Outlook

With the Indian economy continuing its buoyant growth and massive investments forthcoming in infrastructure and housing, there is considerable potential for growth of the paints industry. The Company’s endeavour will be to tap the immense market potential and increase its market share both in the decorative as well as the industrial segment.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-3.37%
1 Week
-6.61%
1 Month
-11.16%
3 Month
+6.88%
6 Month
+22.03%
1 Year
+28.50%
2 Year
+141.72%
5 Year
-26.29%
10 Year
+65.70%

Ratios View Details

9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 16.56 -3.92 -16.39 8.63 -7.87 -28.37 -36.94 -13.22 -20.12
Return on Capital Employed (%) 22.23 10.20 3.15 13.60 2.65 -12.31 -21.72 -8.53 -1.20
Return on Assets (%) 3.29 -0.75 -2.78 1.37 -2.05 -8.44 -14.73 -6.90 -9.74

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 75 73 62 66 184 138 305 273 223 187
Non Curr. Liab. 17 23 24 38 52 32 -1 -20 11 20
Curr. Liab. 275 285 294 284 324 350 288 262 275 255
Minority Int.
Equity & Liab. 367 381 380 388 560 519 592 515 508 462
Non Curr. Assets 47 57 79 86 245 253 276 297 285 281
Curr. Assets 320 325 300 301 314 266 316 219 223 181
Misc. Exp. not W/O 0 0 0 0
Total Assets 367 381 380 388 560 519 592 515 508 462

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 502 483 433 403 350 271 288 344 326 364
Other Income 0 6 2 1 2 1 2 1 7 9
Total Income 502 489 435 404 352 272 290 345 333 374
Total Expenditure -464 -468 -424 -373 -336 -305 -349 -378 -322 -388
PBIDT 38 21 11 31 16 -33 -60 -32 11 -15
Interest -17 -21 -21 -22 -23 -26 -25 -20 -19 -22
Depreciation -4 -4 -5 -5 -8 -8 -9 -11 -13 -13
Taxation -5 1 4 1 6 22 27 18 -26 -25
Exceptional Items -2 -16 7 -2 -5
PAT 11 -3 -11 5 -10 -46 -82 -38 -50 -80
Minority Interest
Share Associate
Other Related Items
Consolidated Net Profit 11 -3 -11 5 -10 -46 -82 -38 -50 -80
Adjusted EPS 4 -1 -4 2 -4 -18 -15 -7 -9 -15

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 15 26 10 38 38 34 36 -94 -9 16
Cash Fr. Inv. -3 -10 -6 -26 -7 -16 -11 -34 -28 -6
Cash Fr. Finan. -9 -13 -15 -16 -23 -19 -18 198 -46 -10
Net Change 3 2 -11 -3 8 -1 7 70 -83 0
Cash & Cash Eqvt 13 15 4 1 9 8 16 86 3 3

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 53.08 53.10 53.10 53.10 52.43 53.10 53.10 53.10 39.92
Public 46.92 46.90 46.90 46.90 47.57 46.90 46.90 46.90 60.08
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 19 May 2022
Board Meeting Intimation for Approving The Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31 2022
SHALIMAR PAINTS LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2022 inter alia to consider and approve the audited standalone and consolidated financial results of the Company for the quarter and financial year ended March 31 2022.
Thu, 12 May 2022
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1 Name of Company SHALIMAR PAINTS LTD.-
2 CIN NO. L24222HR1902PLC065611
3 Report filed for FY 2021-2022
Details of the Current block (all figures in Rs crore):
4 2 - year block period (Specify financial years)* FY 2021-22 2022-23
5 Incremental borrowing done in FY (T)(a) 0.00
6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00
7 Actual borrowing done through debt securities in FY (T)(c) 0.00
8 Shortfall in the borrowing through debt securities if any for FY (T - 1) carried forward to FY (T) (d) 0
8Quantum of (d) which has been met from (c)(e)* 0
9 Shortfall if any in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative write nil}* 0


Details of penalty to be paid if any in respect to previous block (all figures in Rs crore):
2 - year Block period (Specify financial years)FY 2020-21 2021-22
Amount of fine to be paid for the block if applicable Fine = 0.2% of {(d) - (e)}#0.00



Name of the Company Secretary :-Shikha Rastogi
Designation :-Company Secretary
Name of the Chief Financial Officer :- Mohit Kumar Donter
Designation : -Chief Financial Officer

Date: 12/05/2022
Fri, 29 Apr 2022
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompaySHALIMAR PAINTS LTD.-
2CINL24222HR1902PLC065611
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 96.59
4Highest Credit Rating during the previous FY BBB-
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkNSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: SHIKHA RASTOGI
Designation: COMPANY SECRETARY
EmailId: shikha.rastogi@shalimarpaints.com
Name of the Chief Financial Officer: MOHIT KUMAR DONTER
Designation: CHIEF FINANCIAL OFFICER
EmailId: mohit.donter@shalimarpaints.com

Date: 29/04/2022

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.

Technical Scans View Details

Wed, 25 May 2022
Closing Below Previous Low Closing Below Previous Low
High Decrease 1 Month High Decrease 1 Month
High Increase 6 Months High Increase 6 Months
High Increase 2 Years High Increase 2 Years
Close Crossing 50 SMA From Above Close Crossing 50 SMA From Above

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