Shalimar Paints Ltd

BSE: 509874 NSE: SHALPAINTS
Shalimar Paints Ltd - manufacturing in Gurugram, Haryana, India. FY 2026 financials and compliance.
CIN L24222HR1902PLC065611 Incorporated 16 December 1902 ROC Haryana HQ Gurugram, Haryana, India
Active Listed - NSE: SHALPAINTS · BSE: 509874 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹575.63 Cr
▼ 3.91% YoY
Computed EBITDA · FY 2026
-₹15.88 Cr
▲ 66.1% YoY
Net profit · FY 2026
-₹64.95 Cr
▲ 18.97% YoY
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹16.74 Cr
Issued & subscribed
Open charges
₹257.61 Cr
Satisfied ₹434.01 Cr
Company age
124 yrs
Est. 1902
Employees · EPFO
696
Latest available

About Shalimar Paints Ltd

Data last updated: 14 July 2026

Shalimar Paints Ltd is a public limited company based in Gurugram, Haryana, India. It specialises in paint and coatings, a part of the broader manufacturing sector. Incorporated on 16 December 1902, the company has been in operation for over 124 years.

Registered with ROC Haryana under CIN L24222HR1902PLC065611. Listed on BSE: 509874 and NSE: SHALPAINTS.

Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹16.74 Cr. Formerly known as Shalimar Paint Colour and Varnish Company Pvt Ltd. It is led by directors including Rajeev Uberoi and Vijay Kumar Sharma.

Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: Stainless Centre 4Th Floor Plot No. 50 Sector 32, Gurugram, Haryana, India – 122001.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹575.63 Cr, a decline of 3.91% compared to the previous year. The net worth stands at ₹251.18 Cr (down 20.26% YoY). Total assets are valued at ₹640.56 Cr (down 8.79% YoY).

The company has a workforce of approximately 696 employees as per the latest available data. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand - Shalimar Paints. As per MCA filings, the company has open charges of ₹257.61 Cr and satisfied charges of ₹434.01 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shalimarpaints.com.

Company Details of Shalimar Paints Ltd
CIN L24222HR1902PLC065611
Registration Number 065611
Incorporation Date 16 December 1902
ROC Haryana
Listing Status Listed (BSE: 509874, NSE: SHALPAINTS)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Kuldip Raina Managing Director Rajeev Uberoi Director Vijay Kumar Sharma Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    shalimarpaints.com
  • Social Media
  • Registered Address
    Stainless Centre 4Th Floor Plot No. 50 Sector 32, Gurugram, Haryana, India – 122001
  • Industry
    Manufacturing, Paint & Coatings
Company report
Shalimar Paints Ltd - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
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  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Shalimar Paints Ltd in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Shalimar Paints Ltd

Shalimar Paints Ltd has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24222HR1902PLC065611, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L24222HR1902PLC065611 Current
L24222WB1902PLC001540 Previous
U24222WB1902PLC001540 Previous

Associated Brands with Shalimar Paints Ltd

Shalimar Paints Ltd operates one associated brand: Shalimar Paints. These brands represent Shalimar Paints Ltd's diversified market presence and brand portfolio.

Brand Description Website
Shalimar Paints
Protective coatings are manufactured for industrial applications in India. shalimarpaints.com

Competitors & Alternatives of Shalimar Paints Ltd

Brands and companies operating in the same space as Shalimar Paints Ltd include Asian Paints, Kansai Nerolac, Mapei and 6 more.

Competitor Description Location Founded
Asian Paints Asian Paints Industrial and decorative paints are manufactured along with related solutions. Mumbai, India, India 1942
Kansai Nerolac Kansai Nerolac Industrial and decorative paints are manufactured by Kansai Nerolac. Mumbai, India, India 1920
Mapei Mapei Chemical products including adhesives and sealants for construction are manufactured. Milan, Italy, Italy 1937
Bostik Bostik Industrial adhesives are manufactured by Bostik for diverse applications. Paris, France, France 1889
Grauer & Weil India Grauer & Weil India Electroplating chemicals, paints, and equipment are manufactured by the company. Mumbai, India, India 1957
Wanhua Chemical Group Wanhua Chemical Group Chemical products are manufactured and distributed by Wanhua Chemical Group. Yantai, China, China 1998
Pidilite Pidilite Adhesives and sealants are manufactured by Pidilite in India. Mumbai, India, India 1959
Fosroc Fosroc Adhesives, sealants, and chemicals for construction applications are manufactured. Dubai, United Arab Emirates, United Arab Emirates 1972
Cromar Building Products Cromar Building Products Construction chemicals are supplied for building and roofing applications. Goole, United Kingdom, United Kingdom 1997

Business Activity of Shalimar Paints Ltd

Shalimar Paints Ltd is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C6 Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products Locked
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Business activity turnover details for Shalimar Paints Ltd

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Auditor Details of Shalimar Paints Ltd

Shalimar Paints Ltd is audited by Walker Chandiok & Co. LLP (ICAI peer reviewed, certificate valid till 2028-05-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Walker Chandiok & Co. LLP (ICAI peer reviewed, certificate valid till 2028-05-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Shalimar Paints Ltd

Shalimar Paints Ltd is currently managed by 8 directors, with 36 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rajeev Uberoi
Also directs: Shalimar Paints Ltd, Jindal Stainless Limited, Il&Fs Transportation Networks Limited and 5 more
Director 11 May 2021 5 Years 3 Months Current
Vijay Kumar Sharma
Also directs: Shalimar Paints Ltd, Jindal Stainless Steelway Limited, Jindal Lifestyle Limited and 5 more
Director 23 Jul 2024 2 Years 0 Months Current
Souvik Pulakesh Sengupta
Also directs: Shalimar Paints Ltd, Bizarro Productions Llp, Millennium Tiles Llp and 5 more
Director 24 Feb 2022 4 Years 5 Months Current
Shan Jain
Also directs: Shalimar Paints Ltd, Hella Infra Market Limited, Carrier Airconditioning & Refrigeration Limited
Director 13 Feb 2023 3 Years 6 Months Current
Kuldip Raina
Also directs: Shalimar Paints Ltd, Shalimar Adhunik Nirman Limited, Im Inicio Projects Private Limited
Managing Director 10 Apr 2025 1 Years 4 Months Current
Aaditya Gajendra Sharda
Also directs: Shalimar Paints Ltd, Bizarro Productions Llp, Millennium Tiles Llp and 5 more
Director 11 Apr 2024 2 Years 4 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Shalimar Paints Ltd FY 2026 filings available

Shalimar Paints Ltd reported revenue of ₹575.63 Cr (down 3.91% YoY) for FY 2026.

Revenue · FY 2026
₹575.63 Cr ▼ 3.91%
Profit · FY 2026
-₹64.95 Cr ▲ 18.97%
Computed EBITDA · FY 2026
-₹15.88 Cr ▲ 66.1%
Revenue₹ Cr · Consolidated0200400600FY 2020: ₹344 Cr344FY 2020FY 2021: ₹326 Cr · -5.3% YoY326-5.3%FY 2021FY 2022: ₹358 Cr · +10% YoY358+10%FY 2022FY 2023: ₹486 Cr · +35.6% YoY486+35.6%FY 2023FY 2024: ₹535 Cr · +10.2% YoY535+10.2%FY 2024FY 2025: ₹599 Cr · +12% YoY599+12%FY 2025FY 2026: ₹576 Cr · -3.9% YoY576-3.9%FY 2026
Net Profit₹ Cr · Consolidated-100-50050FY 2020: ₹38 Cr (loss)-38.2FY 2020FY 2021: ₹50 Cr (loss) · -30.6% YoY-49.9FY 2021FY 2022: ₹64 Cr (loss) · -28.8% YoY-64.2FY 2022FY 2023: ₹36 Cr (loss) · +43.7% YoY-36.2FY 2023FY 2024: ₹74 Cr (loss) · -104.3% YoY-73.9FY 2024FY 2025: ₹80 Cr (loss) · -8.5% YoY-80.2FY 2025FY 2026: ₹65 Cr (loss) · +19% YoY-65FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0100200Q1'25: ₹128 Cr · +2.1% YoY128+2.1%Q1'25Q2'25: ₹145 Cr · +21.5% YoY145+21.5%Q2'25Q3'25: ₹148 Cr · +1.6% YoY148+1.6%Q3'25Q4'25: ₹178 Cr · +23.3% YoY178+23.3%Q4'25Q1'26: ₹153 Cr · +19.6% YoY153+19.6%Q1'26Q2'26: ₹134 Cr · -7.6% YoY134-7.6%Q2'26Q3'26: ₹131 Cr · -11.4% YoY131-11.4%Q3'26Q4'26: ₹156 Cr · -12.3% YoY156-12.3%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹575.63 Cr ₹599.06 Cr ₹534.91 Cr ₹485.55 Cr ₹358.1 Cr ₹325.56 Cr ₹343.85 Cr
Other Income ₹6.52 Cr ₹9.84 Cr ₹8.12 Cr ₹7.21 Cr ₹4.63 Cr ₹7.19 Cr ₹1.13 Cr
Total Income ₹582.15 Cr ₹608.9 Cr ₹543.03 Cr ₹492.76 Cr ₹362.73 Cr ₹332.75 Cr ₹344.98 Cr
Cost of Materials Consumed ₹321.57 Cr ₹392.25 Cr ₹362.77 Cr ₹345.56 Cr ₹252.51 Cr ₹198.43 Cr ₹218.58 Cr
Purchases of Stock-in-Trade ₹36.82 Cr ₹32.65 Cr ₹30.8 Cr ₹24.48 Cr ₹17.86 Cr ₹21.89 Cr ₹24.9 Cr
Changes in Inventories ₹28.25 Cr ₹10.51 Cr -₹5.81 Cr -₹13.44 Cr -₹1.85 Cr ₹2.38 Cr -₹11.2 Cr
Employee Benefit Expense ₹68.49 Cr ₹79.28 Cr ₹77.11 Cr ₹53.43 Cr ₹41.48 Cr ₹36.71 Cr ₹48.68 Cr
Finance Costs ₹25.34 Cr ₹17.55 Cr ₹12.96 Cr ₹15.9 Cr ₹22.17 Cr ₹19.29 Cr ₹19.85 Cr
Depreciation & Amortisation ₹19.57 Cr ₹15.77 Cr ₹14.84 Cr ₹12.71 Cr ₹13.46 Cr ₹13.32 Cr ₹10.85 Cr
Other Expenses ₹142.9 Cr ₹141.05 Cr ₹124.21 Cr ₹90.27 Cr ₹70.58 Cr ₹62.52 Cr ₹96.42 Cr
Total Expenses ₹642.94 Cr ₹689.06 Cr ₹616.88 Cr ₹528.91 Cr ₹416.21 Cr ₹354.54 Cr ₹408.08 Cr
Profit Before Exceptional Items & Tax -₹60.79 Cr -₹80.16 Cr -₹73.85 Cr -₹36.15 Cr -₹53.48 Cr -₹21.79 Cr -₹63.1 Cr
Exceptional Items -₹4.6 Cr ₹0 ₹0 ₹0 -₹10.76 Cr -₹2 Cr ₹6.95 Cr
Profit Before Tax -₹65.39 Cr -₹80.16 Cr -₹73.85 Cr -₹36.15 Cr -₹64.24 Cr -₹23.79 Cr -₹56.15 Cr
Total Tax Expense -₹44 Lakh ₹0 ₹0 ₹0 ₹0 ₹26.08 Cr -₹17.97 Cr
Net Profit -₹64.95 Cr -₹80.16 Cr -₹73.85 Cr -₹36.15 Cr -₹64.24 Cr -₹49.87 Cr -₹38.18 Cr
  attributable to Owners - -₹80.16 Cr ₹0 ₹0 ₹0 ₹0 ₹0
  attributable to NCI - ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹1.11 Cr ₹1.64 Cr ₹6 Lakh ₹45 Lakh -₹1.83 Cr ₹0 ₹15 Lakh
Total Comprehensive Income -₹63.84 Cr -₹78.52 Cr -₹73.79 Cr -₹35.7 Cr -₹66.07 Cr -₹49.87 Cr -₹38.03 Cr
EBITDA (computed) -₹15.88 Cr -₹46.84 Cr -₹46.05 Cr -₹7.54 Cr -₹17.85 Cr ₹10.82 Cr -₹32.4 Cr
Basic EPS ₹-7.76 ₹-9.58 ₹-9.52 ₹-5.01 ₹-11.46 ₹-9.28 ₹-7.03
Diluted EPS ₹-7.76 ₹-9.58 ₹-9.52 ₹-5.01 ₹-11.46 ₹-9.28 ₹-7.03
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹640.56 Cr ₹702.28 Cr ₹669.56 Cr ₹623.67 Cr
Non-current Assets ₹307.88 Cr ₹346.99 Cr ₹324.61 Cr ₹278.25 Cr
Current Assets ₹332.68 Cr ₹355.29 Cr ₹344.95 Cr ₹345.42 Cr
Property, Plant & Equipment ₹293.74 Cr ₹299.08 Cr ₹271.85 Cr ₹268.78 Cr
Inventories ₹102.14 Cr ₹133.87 Cr ₹116.48 Cr ₹113.58 Cr
Trade Receivables ₹138.34 Cr ₹147.87 Cr ₹109.85 Cr ₹107.52 Cr
Cash & Equivalents ₹7.14 Cr ₹7.06 Cr ₹50.35 Cr ₹21.21 Cr
Equity (Net Worth) ₹251.18 Cr ₹314.98 Cr ₹393.18 Cr ₹352.55 Cr
Equity Share Capital ₹16.74 Cr ₹16.74 Cr ₹16.74 Cr ₹14.44 Cr
Borrowings (Non-current) ₹0 ₹17.49 Cr ₹20.38 Cr ₹14.62 Cr
Borrowings (Current) ₹157.03 Cr ₹135.06 Cr ₹82.82 Cr ₹124.27 Cr
Total Debt (computed) ₹157.03 Cr ₹152.55 Cr ₹103.2 Cr ₹138.89 Cr
Current Liabilities ₹375.97 Cr ₹354.91 Cr ₹244.25 Cr ₹247.55 Cr
Total Liabilities ₹389.38 Cr ₹387.3 Cr ₹276.38 Cr ₹271.12 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹31.4 Cr -₹58.61 Cr ₹17.68 Cr -₹47.93 Cr -₹40.32 Cr
Investing Cash Flow -₹9.21 Cr -₹14.44 Cr -₹51.35 Cr -₹83.78 Cr -₹3.28 Cr
Financing Cash Flow -₹24.07 Cr ₹27.31 Cr ₹62.81 Cr -₹6.87 Cr ₹205.56 Cr
Capital Expenditure ₹0 ₹32.24 Cr ₹57.21 Cr ₹11.18 Cr ₹4.82 Cr
Free Cash Flow (computed) ₹31.4 Cr -₹90.85 Cr -₹39.53 Cr -₹59.11 Cr -₹45.14 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹1.88 Cr -₹45.74 Cr ₹29.14 Cr -₹138.58 Cr ₹161.96 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹155.93 Cr ₹131.33 Cr ₹133.81 Cr ₹153.46 Cr ₹177.83 Cr ₹148.16 Cr ₹144.74 Cr ₹128.33 Cr ₹144.26 Cr ₹145.88 Cr ₹119.14 Cr ₹125.63 Cr
Other Income ₹88 Lakh ₹77 Lakh ₹3.31 Cr ₹1.56 Cr ₹6.76 Cr ₹83 Lakh ₹1.39 Cr ₹86 Lakh ₹2.64 Cr ₹1.6 Cr ₹2.27 Cr ₹1.61 Cr
Total Income ₹156.81 Cr ₹132.1 Cr ₹137.12 Cr ₹155.02 Cr ₹184.59 Cr ₹148.99 Cr ₹146.13 Cr ₹129.19 Cr ₹146.9 Cr ₹147.48 Cr ₹121.41 Cr ₹127.24 Cr
Cost of Materials Consumed ₹83.7 Cr ₹77.04 Cr ₹72.71 Cr ₹88.12 Cr ₹117.46 Cr ₹75.9 Cr ₹101.6 Cr ₹97.29 Cr ₹95.25 Cr ₹101.84 Cr ₹78.45 Cr ₹87.23 Cr
Purchases of Stock-in-Trade ₹6.85 Cr ₹9.8 Cr ₹9.34 Cr ₹9.88 Cr ₹4.55 Cr ₹6.03 Cr ₹13.02 Cr ₹9.05 Cr ₹7.9 Cr ₹7.54 Cr ₹7.47 Cr ₹7.89 Cr
Changes in Inventories ₹10.57 Cr ₹3.13 Cr ₹6.63 Cr ₹8.03 Cr ₹5.6 Cr ₹26.68 Cr -₹8.85 Cr -₹12.92 Cr ₹7.49 Cr -₹8.81 Cr ₹4.79 Cr -₹9.28 Cr
Employee Benefit Expense ₹14.12 Cr ₹17.21 Cr ₹17.68 Cr ₹19.17 Cr ₹17.29 Cr ₹19.97 Cr ₹19.86 Cr ₹22.16 Cr ₹21.1 Cr ₹19.35 Cr ₹19.09 Cr ₹17.23 Cr
Finance Costs ₹5.65 Cr ₹7.05 Cr ₹6.49 Cr ₹6.15 Cr ₹4.87 Cr ₹5.41 Cr ₹4.39 Cr ₹2.88 Cr ₹2.17 Cr ₹2.49 Cr ₹4.33 Cr ₹3.97 Cr
Depreciation & Amortisation ₹5.14 Cr ₹5.18 Cr ₹4.7 Cr ₹4.54 Cr ₹4.06 Cr ₹4.08 Cr ₹3.79 Cr ₹3.84 Cr ₹4.4 Cr ₹3.69 Cr ₹3.47 Cr ₹3.28 Cr
Other Expenses ₹38.61 Cr ₹34.74 Cr ₹33.71 Cr ₹35.8 Cr ₹40.28 Cr ₹34.9 Cr ₹31.94 Cr ₹33.93 Cr ₹35.01 Cr ₹32.92 Cr ₹29.43 Cr ₹27.19 Cr
Total Expenses ₹164.64 Cr ₹154.15 Cr ₹151.26 Cr ₹171.69 Cr ₹194.11 Cr ₹172.97 Cr ₹165.75 Cr ₹156.23 Cr ₹173.32 Cr ₹159.02 Cr ₹147.03 Cr ₹137.51 Cr
Profit Before Exceptional Items & Tax -₹7.83 Cr -₹22.05 Cr -₹14.14 Cr -₹16.67 Cr -₹9.52 Cr -₹23.98 Cr -₹19.62 Cr -₹27.04 Cr -₹26.42 Cr -₹11.54 Cr -₹25.62 Cr -₹10.27 Cr
Exceptional Items ₹0 -₹4.6 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹7.83 Cr -₹26.65 Cr -₹14.14 Cr -₹16.67 Cr -₹9.52 Cr -₹23.98 Cr -₹19.62 Cr -₹27.04 Cr -₹26.42 Cr -₹11.54 Cr -₹25.62 Cr -₹10.27 Cr
Total Tax Expense -₹44 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit -₹7.39 Cr -₹26.65 Cr -₹14.14 Cr -₹16.67 Cr -₹9.52 Cr -₹23.98 Cr -₹19.62 Cr -₹27.04 Cr -₹26.42 Cr -₹11.54 Cr -₹25.62 Cr -₹10.27 Cr
  attributable to Owners - - - -₹16.67 Cr -₹9.52 Cr - - ₹0 ₹0 - - -
  attributable to NCI - - - ₹0 ₹0 - - ₹0 ₹0 - - -
Other Comprehensive Income ₹67 Lakh ₹6 Lakh ₹21 Lakh ₹17 Lakh ₹1.3 Cr ₹37 Lakh ₹25 Lakh -₹28 Lakh ₹18 Lakh ₹26 Lakh ₹6 Lakh -₹44 Lakh
Total Comprehensive Income -₹6.72 Cr -₹26.59 Cr -₹13.93 Cr -₹16.5 Cr -₹8.22 Cr -₹23.61 Cr -₹19.37 Cr -₹27.32 Cr -₹26.24 Cr -₹11.28 Cr -₹25.56 Cr -₹10.71 Cr
EBITDA (computed) ₹2.96 Cr -₹9.82 Cr -₹2.95 Cr -₹5.98 Cr -₹59 Lakh -₹14.49 Cr -₹11.44 Cr -₹20.32 Cr -₹19.85 Cr -₹5.36 Cr -₹17.82 Cr -₹3.02 Cr
Basic EPS ₹-0.88 ₹-3.18 ₹-1.69 ₹-1.99 ₹-1.14 ₹-2.86 ₹-2.34 ₹-3.23 ₹-3.16 ₹-1.40 ₹-3.55 ₹-1.42
Diluted EPS ₹-0.88 ₹-3.18 ₹-1.69 ₹-1.99 ₹-1.14 ₹-2.86 ₹-2.34 ₹-3.23 ₹-3.16 ₹-1.40 ₹-3.55 ₹-1.42
Latest 12 quarters shown of 23 on record.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹569.03 Cr ₹599.06 Cr ₹534.91 Cr ₹485.55 Cr ₹358.1 Cr ₹325.56 Cr ₹343.85 Cr
Other Income ₹6.86 Cr ₹9.86 Cr ₹8.17 Cr ₹7.21 Cr ₹5.01 Cr ₹7.53 Cr ₹1.42 Cr
Total Income ₹575.89 Cr ₹608.92 Cr ₹543.08 Cr ₹492.76 Cr ₹363.11 Cr ₹333.09 Cr ₹345.27 Cr
Cost of Materials Consumed ₹318.53 Cr ₹392.25 Cr ₹362.77 Cr ₹345.56 Cr ₹252.51 Cr ₹198.43 Cr ₹218.58 Cr
Purchases of Stock-in-Trade ₹37.83 Cr ₹32.65 Cr ₹30.8 Cr ₹24.48 Cr ₹17.86 Cr ₹21.89 Cr ₹24.9 Cr
Changes in Inventories ₹27.87 Cr ₹10.51 Cr -₹5.81 Cr -₹13.44 Cr -₹1.85 Cr ₹2.38 Cr -₹11.2 Cr
Employee Benefit Expense ₹67.04 Cr ₹79.28 Cr ₹77.11 Cr ₹53.43 Cr ₹41.48 Cr ₹36.71 Cr ₹48.68 Cr
Finance Costs ₹25.26 Cr ₹17.55 Cr ₹12.96 Cr ₹15.9 Cr ₹22.17 Cr ₹19.29 Cr ₹19.85 Cr
Depreciation & Amortisation ₹19.53 Cr ₹15.75 Cr ₹14.82 Cr ₹12.69 Cr ₹13.44 Cr ₹13.3 Cr ₹10.84 Cr
Other Expenses ₹138.57 Cr ₹141.04 Cr ₹124.18 Cr ₹90.24 Cr ₹70.59 Cr ₹62.52 Cr ₹96.42 Cr
Total Expenses ₹634.63 Cr ₹689.03 Cr ₹616.83 Cr ₹528.86 Cr ₹416.2 Cr ₹354.52 Cr ₹408.07 Cr
Profit Before Exceptional Items & Tax -₹58.74 Cr -₹80.11 Cr -₹73.75 Cr -₹36.1 Cr -₹53.09 Cr -₹21.43 Cr -₹62.8 Cr
Exceptional Items -₹4.6 Cr ₹0 ₹0 ₹0 -₹10.76 Cr -₹2 Cr ₹6.95 Cr
Profit Before Tax -₹63.34 Cr -₹80.11 Cr -₹73.75 Cr -₹36.1 Cr -₹63.85 Cr -₹23.43 Cr -₹55.85 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹26.08 Cr ₹17.97 Cr
Net Profit -₹63.34 Cr -₹80.11 Cr -₹73.75 Cr -₹36.1 Cr -₹63.85 Cr -₹49.51 Cr -₹73.82 Cr
  attributable to Owners - - - - - -₹49.51 Cr -
  attributable to NCI - - - - - ₹0 -
Other Comprehensive Income ₹1.11 Cr ₹1.64 Cr ₹6 Lakh ₹45 Lakh -₹1.83 Cr ₹0 ₹15 Lakh
Total Comprehensive Income -₹62.23 Cr -₹78.47 Cr -₹73.69 Cr -₹35.65 Cr -₹65.68 Cr -₹49.51 Cr -₹73.67 Cr
EBITDA (computed) -₹13.95 Cr -₹46.81 Cr -₹45.97 Cr -₹7.51 Cr -₹17.48 Cr ₹11.16 Cr -₹32.11 Cr
Basic EPS ₹-7.57 ₹-9.57 ₹-9.51 ₹-5.00 ₹-11.39 ₹-9.12 ₹-6.98
Diluted EPS ₹-7.57 ₹-9.57 ₹9.51 ₹-5.00 ₹-11.39 ₹-9.12 ₹-6.98
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹621.84 Cr ₹683.96 Cr ₹651.22 Cr ₹605.24 Cr
Non-current Assets ₹314.45 Cr ₹328.73 Cr ₹306.28 Cr ₹259.83 Cr
Current Assets ₹307.39 Cr ₹355.23 Cr ₹344.94 Cr ₹345.41 Cr
Property, Plant & Equipment ₹293.58 Cr ₹271.94 Cr ₹244.71 Cr ₹241.61 Cr
Inventories ₹102.14 Cr ₹133.87 Cr ₹116.48 Cr ₹113.58 Cr
Trade Receivables ₹135.39 Cr ₹147.87 Cr ₹109.85 Cr ₹107.52 Cr
Cash & Equivalents ₹7.08 Cr ₹7 Cr ₹50.3 Cr ₹21.16 Cr
Equity (Net Worth) ₹237.66 Cr ₹299.21 Cr ₹377.36 Cr ₹336.63 Cr
Equity Share Capital ₹16.74 Cr ₹16.74 Cr ₹16.74 Cr ₹14.44 Cr
Borrowings (Non-current) ₹0 ₹17.49 Cr ₹20.38 Cr ₹14.62 Cr
Borrowings (Current) ₹157.03 Cr ₹135.06 Cr ₹82.82 Cr ₹124.27 Cr
Total Debt (computed) ₹157.03 Cr ₹152.55 Cr ₹103.2 Cr ₹138.89 Cr
Current Liabilities ₹372.87 Cr ₹354.84 Cr ₹243.23 Cr ₹247.52 Cr
Total Liabilities ₹384.18 Cr ₹384.75 Cr ₹273.86 Cr ₹268.61 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹31.62 Cr -₹58.63 Cr ₹17.72 Cr -₹47.92 Cr -₹40.68 Cr
Investing Cash Flow -₹11.45 Cr -₹14.43 Cr -₹51.39 Cr -₹83.78 Cr -₹2.93 Cr
Financing Cash Flow -₹22.05 Cr ₹27.31 Cr ₹62.81 Cr -₹6.87 Cr ₹205.57 Cr
Capital Expenditure ₹0 ₹32.22 Cr ₹57.2 Cr ₹11.18 Cr ₹4.82 Cr
Free Cash Flow (computed) ₹31.62 Cr -₹90.85 Cr -₹39.48 Cr -₹59.1 Cr -₹45.5 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹1.88 Cr -₹45.75 Cr ₹29.14 Cr -₹138.57 Cr ₹161.96 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹153.06 Cr ₹130.4 Cr ₹132.11 Cr ₹153.46 Cr ₹177.83 Cr ₹148.16 Cr ₹144.74 Cr ₹128.33 Cr ₹144.26 Cr ₹145.88 Cr ₹119.14 Cr ₹125.63 Cr
Other Income ₹1.15 Cr ₹83 Lakh ₹3.32 Cr ₹1.56 Cr ₹6.76 Cr ₹83 Lakh ₹1.39 Cr ₹88 Lakh ₹2.65 Cr ₹1.61 Cr ₹2.3 Cr ₹1.61 Cr
Total Income ₹154.21 Cr ₹131.23 Cr ₹135.43 Cr ₹155.02 Cr ₹184.59 Cr ₹148.99 Cr ₹146.13 Cr ₹129.21 Cr ₹146.91 Cr ₹147.49 Cr ₹121.44 Cr ₹127.24 Cr
Cost of Materials Consumed ₹82.03 Cr ₹75.37 Cr ₹73.01 Cr ₹88.12 Cr ₹117.46 Cr ₹75.9 Cr ₹101.6 Cr ₹97.29 Cr ₹95.25 Cr ₹101.84 Cr ₹78.45 Cr ₹87.23 Cr
Purchases of Stock-in-Trade ₹9.25 Cr ₹10.06 Cr ₹8.64 Cr ₹9.88 Cr ₹4.55 Cr ₹6.03 Cr ₹13.02 Cr ₹9.05 Cr ₹7.9 Cr ₹7.54 Cr ₹7.47 Cr ₹7.89 Cr
Changes in Inventories ₹10.19 Cr ₹3.78 Cr ₹5.87 Cr ₹8.03 Cr ₹5.6 Cr ₹26.68 Cr -₹8.85 Cr -₹12.92 Cr ₹7.49 Cr -₹8.81 Cr ₹4.79 Cr -₹9.28 Cr
Employee Benefit Expense ₹13.71 Cr ₹16.82 Cr ₹17.34 Cr ₹19.17 Cr ₹17.29 Cr ₹19.97 Cr ₹19.86 Cr ₹22.16 Cr ₹21.1 Cr ₹19.35 Cr ₹19.09 Cr ₹17.23 Cr
Finance Costs ₹5.58 Cr ₹7.04 Cr ₹6.49 Cr ₹6.15 Cr ₹4.87 Cr ₹5.41 Cr ₹4.39 Cr ₹2.88 Cr ₹2.17 Cr ₹2.49 Cr ₹4.33 Cr ₹3.97 Cr
Depreciation & Amortisation ₹5.13 Cr ₹5.17 Cr ₹4.7 Cr ₹4.53 Cr ₹4.05 Cr ₹4.08 Cr ₹3.78 Cr ₹3.84 Cr ₹4.39 Cr ₹3.69 Cr ₹3.46 Cr ₹3.28 Cr
Other Expenses ₹34.5 Cr ₹35.01 Cr ₹33.25 Cr ₹35.8 Cr ₹40.28 Cr ₹34.9 Cr ₹31.93 Cr ₹33.93 Cr ₹34.98 Cr ₹32.9 Cr ₹29.46 Cr ₹27.18 Cr
Total Expenses ₹160.39 Cr ₹153.25 Cr ₹149.3 Cr ₹171.68 Cr ₹194.1 Cr ₹172.97 Cr ₹165.73 Cr ₹156.23 Cr ₹173.28 Cr ₹159 Cr ₹147.05 Cr ₹137.5 Cr
Profit Before Exceptional Items & Tax -₹6.18 Cr -₹22.02 Cr -₹13.87 Cr -₹16.66 Cr -₹9.51 Cr -₹23.98 Cr -₹19.6 Cr -₹27.02 Cr -₹26.37 Cr -₹11.51 Cr -₹25.61 Cr -₹10.26 Cr
Exceptional Items ₹0 -₹4.6 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹6.18 Cr -₹26.62 Cr -₹13.87 Cr -₹16.66 Cr -₹9.51 Cr -₹23.98 Cr -₹19.6 Cr -₹27.02 Cr -₹26.37 Cr -₹11.51 Cr -₹25.61 Cr -₹10.26 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit -₹6.18 Cr -₹26.62 Cr -₹13.87 Cr -₹16.66 Cr -₹9.51 Cr -₹23.98 Cr -₹19.6 Cr -₹27.02 Cr -₹26.37 Cr -₹11.51 Cr -₹25.61 Cr -₹10.26 Cr
Other Comprehensive Income ₹67 Lakh ₹6 Lakh ₹21 Lakh ₹17 Lakh ₹1.3 Cr ₹37 Lakh ₹25 Lakh -₹28 Lakh ₹18 Lakh ₹26 Lakh ₹6 Lakh -₹44 Lakh
Total Comprehensive Income -₹5.51 Cr -₹26.56 Cr -₹13.66 Cr -₹16.49 Cr -₹8.21 Cr -₹23.61 Cr -₹19.35 Cr -₹27.3 Cr -₹26.19 Cr -₹11.25 Cr -₹25.55 Cr -₹10.7 Cr
EBITDA (computed) ₹4.53 Cr -₹9.81 Cr -₹2.68 Cr -₹5.98 Cr -₹59 Lakh -₹14.49 Cr -₹11.43 Cr -₹20.3 Cr -₹19.81 Cr -₹5.33 Cr -₹17.82 Cr -₹3.01 Cr
Basic EPS ₹-0.74 ₹-3.18 ₹-1.66 ₹-1.99 ₹-1.14 ₹-2.86 ₹-2.34 ₹-3.23 ₹-3.15 ₹-1.40 ₹-3.55 ₹-1.42
Diluted EPS ₹-0.74 ₹-3.18 ₹-1.66 ₹-1.99 ₹-1.14 ₹-2.86 ₹-2.34 ₹-3.23 ₹-3.15 ₹-1.40 ₹-3.55 ₹-1.42
Latest 12 quarters shown of 24 on record.
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You're viewing the latest exchange-filed financials for Shalimar Paints Ltd. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
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Shareholding Pattern of Shalimar Paints Ltd

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 74.96%, foreign institutional investors hold 0.08%, domestic institutional investors hold 0.03%, retail and other public shareholders hold 24.93% of Shalimar Paints Ltd. The company had 31,826 shareholders on record.

Promoters: 74.96%DII (Domestic Institutional): 0.03%FII (Foreign Institutional): 0.08%Retail & Others: 24.93%
Mar 2026
QUARTER
74.96% Promoters
0.03% DII (Domestic Institutional)
0.08% FII (Foreign Institutional)
24.93% Retail & Others
Promoter holding - history
Now 74.96% · Mar 2026High 75.73% · Mar 2024Low 31.90% · Dec 2023
30%41.8%53.5%65.3%77%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 62.31%Mar 2016: 62.30%Jun 2016: 62.30%Sep 2016: 62.30%Dec 2016: 62.30%Mar 2017: 62.30%Jun 2017: 62.30%Sep 2017: 62.30%Dec 2017: 62.31%Mar 2018: 62.32%Apr 2018: 63.08%Jun 2018: 63.08%Sep 2018: 63.09%Dec 2018: 63.09%Jan 2019: 52.52%Mar 2019: 52.52%Jun 2019: 53.10%Sep 2019: 53.10%Dec 2019: 53.10%Mar 2020: 53.10%Jun 2020: 53.10%Sep 2020: 53.10%Dec 2020: 53.10%Mar 2021: 53.10%Jun 2021: 53.10%Sep 2021: 53.10%Dec 2021: 53.10%Feb 2022: 39.92%Mar 2022: 39.92%Jun 2022: 39.92%Sep 2022: 39.92%Dec 2022: 39.92%Mar 2023: 39.92%Jun 2023: 39.92%Sep 2023: 39.92%Oct 2023: 41.31%Dec 2023: 31.90%Mar 2024: 75.73%Jun 2024: 75.73%Sep 2024: 75.73%Dec 2024: 75.73%Mar 2025: 74.96%Jun 2025: 74.96%Sep 2025: 74.96%Dec 2025: 74.96%Mar 2026: 74.96%75.73%31.90%74.96%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters74.96%74.96%74.96%74.96%74.96%75.73%
Public25.04%25.04%25.04%25.04%25.04%24.27%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters74.96%74.96%75.73%39.92%39.92%53.10%53.10%52.52%62.32%62.30%62.30%
Public25.04%25.04%24.27%60.08%60.08%46.91%46.90%47.48%37.68%37.70%37.70%
Promoter change (YoY, %pts)+0.00-0.77+35.81+0.00-13.18+0.00+0.58-9.80+0.02+0.00-

Board & Governance of Shalimar Paints Ltd

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Shalimar Paints Ltd has 8 directors - 4 independent and 2 executive. The board is chaired by Rajeev Uberoi.

DirectorPositionOn board sinceListed boards
Rajeev Uberoi Non-Executive - Independent Director · Chairperson 2021-05-11 6
Atul Rasiklal Desai Non-Executive - Independent Director 2023-06-28 1
Vijay Kumar Sharma Non-Executive - Independent Director 2024-07-23 1
Shan Jain Non-Executive - Independent Director 2023-02-13 1
Venugopal Chetlur Executive Director 2024-07-23 1
Aaditya Gajendra Sharda Non-Executive - Non Independent Director 2024-04-11 1
Souvik Pulakesh Sengupta Non-Executive - Non Independent Director 2022-02-24 1
Kuldip Raina Executive Director 2025-04-10 1
Board Committees
CommitteeMembers
Audit Committee Vijay Kumar Sharma (Chairperson), Rajeev Uberoi, Shan Jain, Aaditya Gajendra Sharda
Nomination and remuneration committee Atul Rasiklal Desai (Chairperson), Rajeev Uberoi, Shan Jain
Stakeholders Relationship Committee Atul Rasiklal Desai (Chairperson), Shan Jain, Kuldip Raina, Aaditya Gajendra Sharda
Risk Management Committee Shan Jain (Chairperson), Rajeev Uberoi, Kuldip Raina, Souvik Pulakesh Sengupta

Group Structure of Shalimar Paints Ltd

Shalimar Paints Ltd has 2 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Shalimar Paints Ltd's business expansion strategy and organizational complexity.

2
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Shalimar Adhunik Nirman Limited U24220DL2007PLC168944 -
Eastern Speciality Paints & Coatings Private Limited U24240HR2009PTC066208 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Shalimar Paints Ltd

Open charges
₹257.61 Cr
Satisfied charges
₹434.01 Cr
Breakdown by lending institutions
State Bank of India₹218.85 Cr
Others₹38.76 Cr
Latest charge details
DateLenderAmountStatus
23 Jun 2026 Others ₹2.38 Cr Open
04 Jun 2026 State Bank of India ₹11.85 Cr Open
03 Jun 2026 Others ₹3.38 Cr Open
12 Oct 2022 Others ₹33 Cr Open
26 Sep 2003 State Bank of India ₹207 Cr Open

Total charge records: 33 View all charges

Employees and EPFO Compliance at Shalimar Paints Ltd

Shalimar Paints Ltd has a workforce of 696 employees as of Aug 18, 2025.

Employee count
696
Active EPFO establishments
8
Employee growth
4.5%
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Employee and EPFO history for Shalimar Paints Ltd

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GST Compliance of Shalimar Paints Ltd

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Credit Ratings, Litigation & Regulatory Alerts for Shalimar Paints Ltd

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MSME Payment Delays by Shalimar Paints Ltd

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MSME payment history for Shalimar Paints Ltd

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Subsidiaries & Group Companies of Shalimar Paints Ltd

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Corporate group structure for Shalimar Paints Ltd

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MCA Filings & Documents of Shalimar Paints Ltd

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Recent Activity on Shalimar Paints Ltd

Charges
02 Jul 2026
A charge registered on 01 Sep 2021 via Charge ID 100508235 with Others was fully satisfied on 02 Jul 2026.
Charges
23 Jun 2026
A charge with Others amounted to Rs. 2.38 Cr with Charge ID 101317597 was registered on 23 Jun 2026.
Charges
04 Jun 2026
A charge with State Bank Of India amounted to Rs. 11.85 Cr with Charge ID 101313500 was registered on 04 Jun 2026.
Charges
03 Jun 2026
A charge with Others amounted to Rs. 3.38 Cr with Charge ID 101315362 was registered on 03 Jun 2026.
Directors
12 May 2026
Abhijeet Jhawar was appointed as a Director on 12 May 2026 & has been associated with this company since 3 months 10 days.
Charges
16 Apr 2026
A charge registered on 25 Mar 2021 via Charge ID 100434136 with Others was fully satisfied on 16 Apr 2026.

Recent News on Shalimar Paints Ltd

Shalimar Paints CFO Mohit Kumar Donter resigns
29 Jun 2023 · Deccan Herald

Frequently Asked Questions about Shalimar Paints Ltd

Shalimar Paints Ltd is an active public limited company in the manufacturing sector based in Gurugram, Haryana, India. It was incorporated on 16 December 1902 (124+ years old) and is registered under CIN L24222HR1902PLC065611. Listed on BSE: 509874 and NSE: SHALPAINTS. The company has 696 employees.

Shalimar Paints Ltd reported revenue of ₹575.63 Cr for FY 2026 (down 3.91% YoY) based on consolidated NSE filings.

The current directors of Shalimar Paints Ltd are:

The primary industry of Shalimar Paints Ltd is manufacturing. The company specifically operates in paint and coatings. The company is currently active in this sector.

Yes. Shalimar Paints Ltd is listed on both BSE (code: 509874) and NSE (symbol: SHALPAINTS).

Shalimar Paints Ltd can be reached at the registered office: Stainless Centre 4Th Floor Plot No. 50 Sector 32, Gurugram, Haryana, India – 122001, or through the website shalimarpaints.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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