Shalimar Paints Limited Logo

Shalimar Paints Limited

SHALPAINTS.NS

(0.5)
Stock Price

103,89 INR

-13.62% ROA

-26.25% ROE

-12.39x PER

Market Cap.

11.228.183.256,00 INR

26.55% DER

0% Yield

-16.86% NPM

Shalimar Paints Limited Stock Analysis

Shalimar Paints Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Shalimar Paints Limited Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a minimal amount of debt (39%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

2 ROE

Negative ROE (-7.18%) indicates poor financial performance, raising concerns about profitability and efficiency in utilizing shareholders' equity.

3 ROA

The stock's ROA (-3.02%) indicates that it's not effectively utilizing its assets to generate profits, making it a less favorable option to invest and earn consistent returns.

4 PBV

The stock's elevated P/BV ratio (3.48x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

5 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

6 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

7 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

8 Graham Number

Based on the Graham number, this company's stock price appears to be higher than its intrinsic value, signaling a potentially unfavorable investment choice.

9 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

10 Dividend

Investors should note the absence of dividends from the company in the last three years, indicating potential financial challenges.

11 Buffet Intrinsic Value

The company's stock shows signs of being overvalued (-2.672) according to Warren Buffett's formula, indicating a potential downside as its market price exceeds its estimated intrinsic value.

Shalimar Paints Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Shalimar Paints Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Sell

Shalimar Paints Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Shalimar Paints Limited Revenue
Year Revenue Growth
2006 2.560.500.730
2007 2.993.477.553 14.46%
2008 3.323.999.001 9.94%
2009 3.655.674.936 9.07%
2010 4.044.461.025 9.61%
2011 4.864.493.000 16.86%
2012 5.301.838.000 8.25%
2013 4.830.467.000 -9.76%
2014 4.332.692.000 -11.49%
2015 4.029.333.000 -7.53%
2016 3.692.701.000 -9.12%
2017 2.690.564.000 -37.25%
2018 2.868.327.000 6.2%
2019 3.424.500.000 16.24%
2020 3.240.551.000 -5.68%
2021 3.562.888.000 9.05%
2022 4.855.500.000 26.62%
2023 4.765.600.000 -1.89%
2023 5.349.100.000 10.91%
2024 5.133.200.000 -4.21%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Shalimar Paints Limited Research and Development Expenses
Year Research and Development Expenses Growth
2006 0
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 465.000 100%
2013 465.000 0%
2014 485.000 4.12%
2015 19.934.000 97.57%
2016 36.978.000 46.09%
2017 16.976.000 -117.83%
2018 2.340.000 -625.47%
2019 32.610.000 92.82%
2020 23.772.000 -37.18%
2021 5.716.000 -315.89%
2022 47.393.000 87.94%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Shalimar Paints Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 0
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 20.572.000 100%
2016 1.395.000 -1374.7%
2017 19.371.000 92.8%
2018 23.136.000 16.27%
2019 27.840.000 16.9%
2020 23.459.000 -18.68%
2021 42.987.000 45.43%
2022 566.615.000 92.41%
2023 0 0%
2023 0 0%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Shalimar Paints Limited EBITDA
Year EBITDA Growth
2006 161.261.924
2007 238.388.724 32.35%
2008 198.846.883 -19.89%
2009 281.416.160 29.34%
2010 284.089.484 0.94%
2011 380.231.000 25.29%
2012 402.236.000 5.47%
2013 94.331.000 -326.41%
2014 65.936.000 -43.06%
2015 286.120.000 76.96%
2016 133.781.000 -113.87%
2017 -362.569.000 136.9%
2018 -629.076.000 42.36%
2019 -358.326.000 -75.56%
2020 85.196.000 520.59%
2021 -260.769.000 132.67%
2022 -74.900.000 -248.16%
2023 -712.800.000 89.49%
2023 -541.700.000 -31.59%
2024 -847.200.000 36.06%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Shalimar Paints Limited Gross Profit
Year Gross Profit Growth
2006 547.964.493
2007 755.424.105 27.46%
2008 864.896.891 12.66%
2009 829.791.223 -4.23%
2010 833.331.015 0.42%
2011 632.353.000 -31.78%
2012 1.761.692.000 64.11%
2013 1.313.512.000 -34.12%
2014 1.261.459.000 -4.13%
2015 1.401.091.000 9.97%
2016 1.205.123.000 -16.26%
2017 623.339.000 -93.33%
2018 654.665.000 4.79%
2019 1.089.077.000 39.89%
2020 1.001.584.000 -8.74%
2021 861.589.000 -16.25%
2022 1.289.500.000 33.18%
2023 1.137.200.000 -13.39%
2023 552.000.000 -106.01%
2024 356.400.000 -54.88%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Shalimar Paints Limited Net Profit
Year Net Profit Growth
2006 47.468.566
2007 95.823.127 50.46%
2008 35.632.280 -168.92%
2009 100.003.290 64.37%
2010 116.685.492 14.3%
2011 144.628.000 19.32%
2012 110.181.000 -31.26%
2013 -27.951.000 494.19%
2014 -105.840.000 73.59%
2015 52.531.000 301.48%
2016 -67.462.000 177.87%
2017 -455.550.000 85.19%
2018 -817.444.000 44.27%
2019 -381.844.000 -114.08%
2020 -498.631.000 23.42%
2021 -642.333.000 22.37%
2022 -361.000.000 -77.93%
2023 -1.024.800.000 64.77%
2023 -731.850.000 -40.03%
2024 -1.081.600.000 32.34%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Shalimar Paints Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 2
2007 4 66.67%
2008 1 -200%
2009 4 66.67%
2010 4 25%
2011 5 20%
2012 4 -25%
2013 -1 500%
2014 -4 75%
2015 2 500%
2016 -3 150%
2017 -24 91.67%
2018 -15 -60%
2019 -7 -114.29%
2020 -9 22.22%
2021 -11 18.18%
2022 -5 -120%
2023 -14 64.29%
2023 -9 -55.56%
2024 -13 25%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Shalimar Paints Limited Free Cashflow
Year Free Cashflow Growth
2006 -17.865.000
2007 74.301.000 124.04%
2008 49.379.000 -50.47%
2009 138.650.000 64.39%
2010 9.092.000 -1424.97%
2011 78.231.000 88.38%
2012 150.050.000 47.86%
2013 -33.351.000 549.91%
2014 96.560.000 134.54%
2015 147.304.000 34.45%
2016 192.801.000 23.6%
2017 212.742.000 9.37%
2018 -1.273.368.000 116.71%
2019 -420.678.000 -202.69%
2020 124.078.000 439.04%
2020 -105.169.500 217.98%
2021 -451.536.000 76.71%
2022 -591.100.000 23.61%
2023 -440.800.000 -34.1%
2024 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Shalimar Paints Limited Operating Cashflow
Year Operating Cashflow Growth
2006 21.404.000
2007 151.211.000 85.84%
2008 191.570.000 21.07%
2009 237.888.000 19.47%
2010 61.476.000 -286.96%
2011 114.398.000 46.26%
2012 256.307.000 55.37%
2013 103.305.000 -148.11%
2014 379.616.000 72.79%
2015 231.126.000 -64.25%
2016 295.691.000 21.84%
2017 357.216.000 17.22%
2018 -958.010.000 137.29%
2019 -92.961.000 -930.55%
2020 157.573.000 159%
2020 -23.240.250 778.02%
2021 -403.335.000 94.24%
2022 -479.300.000 15.85%
2023 131.300.000 465.04%
2024 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Shalimar Paints Limited Capital Expenditure
Year Capital Expenditure Growth
2006 39.269.000
2007 76.910.000 48.94%
2008 142.191.000 45.91%
2009 99.238.000 -43.28%
2010 52.384.000 -89.44%
2011 36.167.000 -44.84%
2012 106.257.000 65.96%
2013 136.656.000 22.24%
2014 283.056.000 51.72%
2015 83.822.000 -237.69%
2016 102.890.000 18.53%
2017 144.474.000 28.78%
2018 315.358.000 54.19%
2019 327.717.000 3.77%
2020 33.495.000 -878.41%
2020 81.929.250 59.12%
2021 48.201.000 -69.97%
2022 111.800.000 56.89%
2023 572.100.000 80.46%
2024 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Shalimar Paints Limited Equity
Year Equity Growth
2006 306.799.546
2007 369.805.818 17.04%
2008 390.822.441 5.38%
2009 456.316.272 14.35%
2010 537.090.593 15.04%
2011 637.241.000 15.72%
2012 750.069.000 15.04%
2013 733.020.000 -2.33%
2014 616.086.000 -18.98%
2015 660.508.000 6.73%
2016 593.155.000 -11.36%
2017 1.380.416.000 57.03%
2018 3.053.012.000 54.79%
2019 2.728.714.000 -11.88%
2020 2.230.714.000 -22.32%
2021 3.719.268.000 40.02%
2022 3.525.500.000 -5.5%
2023 3.931.800.000 10.33%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Shalimar Paints Limited Assets
Year Assets Growth
2006 1.671.953.165
2007 1.936.034.042 13.64%
2008 1.818.793.857 -6.45%
2009 2.129.830.420 14.6%
2010 2.516.502.931 15.37%
2011 3.032.307.000 17.01%
2012 3.667.103.000 17.31%
2013 3.812.200.000 3.81%
2014 3.784.902.000 -0.72%
2015 3.912.964.000 3.27%
2016 3.885.179.000 -0.72%
2017 4.942.218.000 21.39%
2018 5.927.777.000 16.63%
2019 5.360.768.000 -10.58%
2020 5.029.400.000 -6.59%
2021 6.681.901.000 24.73%
2022 6.236.700.000 -7.14%
2023 6.695.600.000 6.85%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Shalimar Paints Limited Liabilities
Year Liabilities Growth
2006 1.365.153.619
2007 1.566.228.224 12.84%
2008 1.427.971.416 -9.68%
2009 1.673.514.148 14.67%
2010 1.979.412.338 15.45%
2011 2.395.066.000 17.35%
2012 2.917.034.000 17.89%
2013 3.079.180.000 5.27%
2014 3.168.816.000 2.83%
2015 3.252.456.000 2.57%
2016 3.292.024.000 1.2%
2017 3.561.802.000 7.57%
2018 2.874.765.000 -23.9%
2019 2.632.054.000 -9.22%
2020 2.798.686.000 5.95%
2021 2.962.633.000 5.53%
2022 2.711.200.000 -9.27%
2023 2.763.800.000 1.9%

Shalimar Paints Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
64.22
Net Income per Share
-10.83
Price to Earning Ratio
-12.39x
Price To Sales Ratio
2.09x
POCF Ratio
-66.44
PFCF Ratio
-34.04
Price to Book Ratio
2.86
EV to Sales
2.18
EV Over EBITDA
-17.54
EV to Operating CashFlow
-69.38
EV to FreeCashFlow
-35.54
Earnings Yield
-0.08
FreeCashFlow Yield
-0.03
Market Cap
11,23 Bil.
Enterprise Value
11,73 Bil.
Graham Number
106.96
Graham NetNet
-2.83

Income Statement Metrics

Net Income per Share
-10.83
Income Quality
0.19
ROE
-0.26
Return On Assets
-0.14
Return On Capital Employed
-0.19
Net Income per EBT
1
EBT Per Ebit
1.1
Ebit per Revenue
-0.15
Effective Tax Rate
-0.13

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.17
Operating Profit Margin
-0.15
Pretax Profit Margin
-0.17
Net Profit Margin
-0.17

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
-2.02
Free CashFlow per Share
-3.94
Capex to Operating CashFlow
-0.95
Capex to Revenue
0.03
Capex to Depreciation
1.54
Return on Invested Capital
-0.19
Return on Tangible Assets
-0.14
Days Sales Outstanding
74.58
Days Payables Outstanding
110.05
Days of Inventory on Hand
95.15
Receivables Turnover
4.89
Payables Turnover
3.32
Inventory Turnover
3.84
Capex per Share
1.92

Balance Sheet

Cash per Share
13,39
Book Value per Share
46,97
Tangible Book Value per Share
46.47
Shareholders Equity per Share
46.97
Interest Debt per Share
13.89
Debt to Equity
0.27
Debt to Assets
0.16
Net Debt to EBITDA
-0.74
Current Ratio
1.41
Tangible Asset Value
3,89 Bil.
Net Current Asset Value
0,69 Bil.
Invested Capital
4103800000
Working Capital
1,01 Bil.
Intangibles to Total Assets
0.01
Average Receivables
0,55 Bil.
Average Payables
0,67 Bil.
Average Inventory
582400000
Debt to Market Cap
0.09

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Shalimar Paints Limited Dividends
Year Dividends Growth
2008 5
2009 2 -150%
2010 5 60%
2011 6 0%
2012 7 28.57%

Shalimar Paints Limited Profile

About Shalimar Paints Limited

Shalimar Paints Limited engages in manufacturing, selling, and distributing paints and coatings in India. The company offers decorative paints for interior and exterior surfaces; industrial paints; marine paints, including antifouling paints; packaging coatings for metal decoration; and emulsions, distempers, primers, putty, enamels, varnishes, and lacquers. The company markets its products under the Weather Pro, Xtra Tough Premier, Shaktiman, Signature, Stay Clean, Superlac Advance, No 1 Silk and Master, and NO.1 Distemper brand names. The company was formerly known as Shalimar Paint Colour & Varnish Co. Ltd. and changed its name to Shalimar Paints Limited in September 1963. Shalimar Paints Limited was incorporated in 1902 and is based in Gurugram, India.

CEO
Mr. Sachin Naik
Employee
896
Address
Plot No. 28
Gurugram, 122001

Shalimar Paints Limited Executives & BODs

Shalimar Paints Limited Executives & BODs
# Name Age
1 Ms. Shalini Adhaar M.B.A.
Chief Human Resources Officer
70
2 Mr. Chinmaya Nayak
Head R & D - Industrial
70
3 Mayank Goel
Head of National Sales
70
4 Mr. Sachin Naik
Chief Financial Officer
70
5 Mr. Harcharan Singh
Chief Information Officer
70
6 Mr. Venugopal Chetlur
Chief Operating Officer & Whole-time Director
70
7 Mr. Sanjeev Gupta
Director of R&D
70
8 Ms. Shikha Rastogi
Company Secretary, Compliance Officer & Head of Legal
70
9 Mr. Kuldip Raina
Director of Sales, Marketing & Strategic Sourcing
70

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