About Shalimar Paints Ltd
Data last updated: 11 January 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 Delhi under CIN L24222WB1902PLC001540. 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 Venugopal Chetlur and Souvik Pulakesh Sengupta.
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 the financials filed for FY 2025, the company reported a revenue of ₹608.9 Cr, a growth of 12% compared to the previous year.
The company has a workforce of approximately 696 employees as per the latest available data.
The company is associated with 1 brand - Shalimar Paints. As per MCA filings, the company has open charges of ₹274.26 Cr and satisfied charges of ₹393.75 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.
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Website**************
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Social Media
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Registered AddressStainless Centre 4Th Floor Plot No. 50 Sector 32, Gurugram, Haryana, India – 122001
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IndustryManufacturing, Paint & Coatings
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
|---|---|---|
| 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
|
Industrial and decorative paints are manufactured along with related solutions. | Mumbai, India, India | 1942 |
Kansai Nerolac
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Industrial and decorative paints are manufactured by Kansai Nerolac. | Mumbai, India, India | 1920 |
Mapei
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Chemical products including adhesives and sealants for construction are manufactured. | Milan, Italy, Italy | 1937 |
Bostik
|
Industrial adhesives are manufactured by Bostik for diverse applications. | Paris, France, France | 1889 |
Grauer & Weil India
|
Electroplating chemicals, paints, and equipment are manufactured by the company. | Mumbai, India, India | 1957 |
Wanhua Chemical Group
|
Chemical products are manufactured and distributed by Wanhua Chemical Group. | Yantai, China, China | 1998 |
Pidilite
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Adhesives and sealants are manufactured by Pidilite in India. | Mumbai, India, India | 1959 |
Fosroc
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Adhesives, sealants, and chemicals for construction applications are manufactured. | Dubai, United Arab Emirates, United Arab Emirates | 1972 |
Cromar Building Products
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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 | ********* |
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 10 directors, with 43 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venugopal Chetlur | Whole-Time Director | 23 Jul 2024 | 1 Years 11 Months | Current |
| Souvik Pulakesh Sengupta | Director | 24 Feb 2022 | 4 Years 4 Months | Current |
|
Vijay Kumar Sharma
Also directs:
Jindal Stainless Steelway Limited, Jindal Lifestyle Limited, Pacific Metallic Trading Company Private Limited and 4 more
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Director | 23 Jul 2024 | 1 Years 11 Months | Current |
|
Rajeev Uberoi
Also directs:
Jindal Stainless Limited, Il&Fs Transportation Networks Limited, The Investment Trust Of India Limited and 5 more
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Director | 11 May 2021 | 5 Years 1 Months | Current |
|
Atul Rasiklal Desai
Also directs:
Kalarasik Enterprise Private Limited.
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Director | 28 Jun 2023 | 3 Years 0 Months | Current |
| Aaditya Gajendra Sharda | Director | 11 Apr 2024 | 2 Years 2 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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 |
Charges & Borrowings of Shalimar Paints Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jan 2024 | Others | ₹35 Cr | Open |
| 12 Oct 2022 | Others | ₹27 Cr | Open |
| 01 Sep 2021 | Others | ₹2.99 Cr | Open |
| 25 Mar 2021 | Others | ₹2.27 Cr | Open |
| 26 Sep 2003 | State Bank of India | ₹207 Cr | Open |
Total charge records: 30 View all charges
Employees and EPFO Compliance at Shalimar Paints Ltd
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Employee Count & EPFO Data of Shalimar Paints Ltd
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GST Compliance of Shalimar Paints Ltd
GSTIN & GST Filing Data of Shalimar Paints Ltd
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Credit Ratings, Litigation & Regulatory Alerts for Shalimar Paints Ltd
Credit Ratings, Legal Cases & Regulatory Alerts of Shalimar Paints Ltd
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MSME Payment Delays by Shalimar Paints Ltd
MSME Payment Delays by Shalimar Paints Ltd
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Subsidiaries & Group Companies of Shalimar Paints Ltd
Subsidiaries & Group Companies of Shalimar Paints Ltd
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MCA Filings & Documents of Shalimar Paints Ltd
MCA Filings & Documents of Shalimar Paints Ltd
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Recent Activity on Shalimar Paints Ltd
Recent News on Shalimar Paints Ltd
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 ₹608.9 Cr for FY 2025 (up 12.00% YoY).
The current directors of Shalimar Paints Ltd are:
- Venugopal Chetlur
- Souvik Pulakesh Sengupta
- Sachin Shrikant Naik
- Snehal Mahendra Saboo
- Vijay Kumar Sharma
- Rajeev Uberoi
- Atul Rasiklal Desai
- Aaditya Gajendra Sharda
- Shan Jain
- Kuldip Raina
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.