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SHALPAINTS
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- 6M
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Summary
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Recent events
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News
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Corporate Actions
India's Shalimar Paints slumps on wider third-quarter loss
** India's Shalimar Paints SHLP.NS down 6.01% at 126.12 rupees; stock set for worst day since October 25
** Co reported on Monday a wider third-quarter loss, compared to a year ago, despite marginal topline growth
** Rise in expenses outpaced revenue, led by higher inventory and finance costs
** Including session's decline, stock down more than 35% in the last 12 months
(Reporting by Ananta Agarwal in Bengaluru)
** India's Shalimar Paints SHLP.NS down 6.01% at 126.12 rupees; stock set for worst day since October 25
** Co reported on Monday a wider third-quarter loss, compared to a year ago, despite marginal topline growth
** Rise in expenses outpaced revenue, led by higher inventory and finance costs
** Including session's decline, stock down more than 35% in the last 12 months
(Reporting by Ananta Agarwal in Bengaluru)
Shalimar Paints Dec-Quarter Consol Loss 239.8 Mln Rupees
Feb 10 (Reuters) - Shalimar Paints Ltd SHLP.NS:
DEC-QUARTER CONSOL LOSS 239.8 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.48 BILLION RUPEES
Source text: ID:nBSE9Cq0NB
Further company coverage: SHLP.NS
(([email protected];;))
Feb 10 (Reuters) - Shalimar Paints Ltd SHLP.NS:
DEC-QUARTER CONSOL LOSS 239.8 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.48 BILLION RUPEES
Source text: ID:nBSE9Cq0NB
Further company coverage: SHLP.NS
(([email protected];;))
Shalimar Paints Sept-Quarter Consol Loss 196.2 Million Rupees
Nov 12 (Reuters) - Shalimar Paints Ltd SHLP.NS:
SHALIMAR PAINTS SEPT-QUARTER CONSOL LOSS 196.2 MILLION RUPEES
SHALIMAR PAINTS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.45 BILLION RUPEES
Further company coverage: SHLP.NS
(([email protected];))
Nov 12 (Reuters) - Shalimar Paints Ltd SHLP.NS:
SHALIMAR PAINTS SEPT-QUARTER CONSOL LOSS 196.2 MILLION RUPEES
SHALIMAR PAINTS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.45 BILLION RUPEES
Further company coverage: SHLP.NS
(([email protected];))
India's paint makers jump on drop in crude prices
** Shares of paint makers - Asian Paints ASPN.NS, Indigo Paints INDG.NS and Kansai Nerolac KANE.NS, Shalimar Paints SHLP.NS, Berger Paints India BRGR.NS rise 2.5%-5%
** ASPN up 2.3% is the top percentage gainer on Nifty 50 index .NSEI which is down about 0.6%
** Drop after oil prices fell on the day, extending a plunge of over 4% in the previous session, on expectations that a political dispute halting Libyan exports could be resolved and concerns over lower global demand growth
** Brent crude futures LCOc1 trading near $73.5 per barrel O/R
** Drop in crude prices a positive for paint makers as it will bring down their total costs, as crude is a key raw material to make paints, solvents and resins, say two analysts
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of paint makers - Asian Paints ASPN.NS, Indigo Paints INDG.NS and Kansai Nerolac KANE.NS, Shalimar Paints SHLP.NS, Berger Paints India BRGR.NS rise 2.5%-5%
** ASPN up 2.3% is the top percentage gainer on Nifty 50 index .NSEI which is down about 0.6%
** Drop after oil prices fell on the day, extending a plunge of over 4% in the previous session, on expectations that a political dispute halting Libyan exports could be resolved and concerns over lower global demand growth
** Brent crude futures LCOc1 trading near $73.5 per barrel O/R
** Drop in crude prices a positive for paint makers as it will bring down their total costs, as crude is a key raw material to make paints, solvents and resins, say two analysts
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India paint maker Kansai Nerolac gains on Q1 profit rise
** Kansai Nerolac Paints KANE.NS shares up 3%, set for best day in three weeks
** Kansai Nerolac, a unit of Japan's Kansai Paint 4613.T, reports 4% rise on adjusted Q1 profit, helped by price hikes
** Other paint companies -- Shalimar Paints SHLP.NS, Asian Paints ASPN.NS, Berger Paints BRGR.NS Akzo Nobel India AKZO.NS -- also gain 1%-2.5%
** KANE rated 'hold' on avg, as is ASPN and AKZO, while BRGR rated 'sell' (SHLP not covered) -LSEG data
** KANE down 12.5% YTD, with only SHLP worse off (down 17%), while ASPN down 11.5% and BRGR 10%; AKZO lone gainer, up 14%
** KANE's fwd 12-month PW of 30.2 is lowest, just under AKZO's 30.4, while BRGR at ~50 and ASPN at 54.4 -LSEG data
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Kansai Nerolac Paints KANE.NS shares up 3%, set for best day in three weeks
** Kansai Nerolac, a unit of Japan's Kansai Paint 4613.T, reports 4% rise on adjusted Q1 profit, helped by price hikes
** Other paint companies -- Shalimar Paints SHLP.NS, Asian Paints ASPN.NS, Berger Paints BRGR.NS Akzo Nobel India AKZO.NS -- also gain 1%-2.5%
** KANE rated 'hold' on avg, as is ASPN and AKZO, while BRGR rated 'sell' (SHLP not covered) -LSEG data
** KANE down 12.5% YTD, with only SHLP worse off (down 17%), while ASPN down 11.5% and BRGR 10%; AKZO lone gainer, up 14%
** KANE's fwd 12-month PW of 30.2 is lowest, just under AKZO's 30.4, while BRGR at ~50 and ASPN at 54.4 -LSEG data
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Shalimar Paints Says Ashok Kumar Gupta Resigns As Managing Director
July 2 (Reuters) - Shalimar Paints Ltd SHLP.NS:
SHALIMAR PAINTS - ASHOK KUMAR GUPTA RESIGNS AS MANAGING DIRECTOR
Source text for Eikon: ID:nBSE8stQXS
Further company coverage: SHLP.NS
(([email protected];))
July 2 (Reuters) - Shalimar Paints Ltd SHLP.NS:
SHALIMAR PAINTS - ASHOK KUMAR GUPTA RESIGNS AS MANAGING DIRECTOR
Source text for Eikon: ID:nBSE8stQXS
Further company coverage: SHLP.NS
(([email protected];))
Shalimar Paints Appoints Sachin Naik As CFO
Dec 6 (Reuters) - Shalimar Paints Ltd SHLP.NS:
APPOINTS SACHIN NAIK AS CFO
Source text for Eikon: ID:nBSE96S0gD
Further company coverage: SHLP.NS
(([email protected];))
Dec 6 (Reuters) - Shalimar Paints Ltd SHLP.NS:
APPOINTS SACHIN NAIK AS CFO
Source text for Eikon: ID:nBSE96S0gD
Further company coverage: SHLP.NS
(([email protected];))
India's Shalimar Paints soars on block deals
** Shares of Shalimar Paints SHLP.NS rise as much as 10.4% to 184.2 rupees, highest since July 12, 2022
** Stock on track for sixth consecutive session of gains, if trends hold
** Over 4.1 mln shares change of co hands in eight blocks at a price range of 167.05-169.00 rupees
** Around 11.2 mln shares change hands by 02:15 p.m. IST, highest since May 20, 2011
** Stock currently up 5.2%, bumping YTD gains to 33%
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Shalimar Paints SHLP.NS rise as much as 10.4% to 184.2 rupees, highest since July 12, 2022
** Stock on track for sixth consecutive session of gains, if trends hold
** Over 4.1 mln shares change of co hands in eight blocks at a price range of 167.05-169.00 rupees
** Around 11.2 mln shares change hands by 02:15 p.m. IST, highest since May 20, 2011
** Stock currently up 5.2%, bumping YTD gains to 33%
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Shalimar Paints Says CFO Davinder Dogra Resigns
Sept 12 (Reuters) - Shalimar Paints Ltd SHLP.NS:
CFO DAVINDER DOGRA RESIGNS
Source text for Eikon: ID:nBSE1RQZ7q
Further company coverage: SHLP.NS
(([email protected];;))
Sept 12 (Reuters) - Shalimar Paints Ltd SHLP.NS:
CFO DAVINDER DOGRA RESIGNS
Source text for Eikon: ID:nBSE1RQZ7q
Further company coverage: SHLP.NS
(([email protected];;))
India's Shalimar Paints June-Quarter Consol Loss Widens
Aug 11 (Reuters) - Shalimar Paints Ltd SHLP.NS:
INDIA'S SHALIMAR PAINTS JUNE-QUARTER CONSOL LOSS 102.7 MILLION RUPEES VERSUS LOSS 96.3 MILLION RUPEES
SHALIMAR PAINTS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.26 BILLION RUPEES VERSUS 1.10 BILLION RUPEES
Source text for Eikon: ID:nBSE9gqsSC
Further company coverage: SHLP.NS
(([email protected];;))
Aug 11 (Reuters) - Shalimar Paints Ltd SHLP.NS:
INDIA'S SHALIMAR PAINTS JUNE-QUARTER CONSOL LOSS 102.7 MILLION RUPEES VERSUS LOSS 96.3 MILLION RUPEES
SHALIMAR PAINTS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.26 BILLION RUPEES VERSUS 1.10 BILLION RUPEES
Source text for Eikon: ID:nBSE9gqsSC
Further company coverage: SHLP.NS
(([email protected];;))
Shalimar Paints Says Davinder Dogra Appointed As CFO
June 29 (Reuters) - Shalimar Paints Ltd SHLP.NS:
DAVINDER DOGRA APPOINTED AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSE3jCktB
Further company coverage: SHLP.NS
(([email protected];))
June 29 (Reuters) - Shalimar Paints Ltd SHLP.NS:
DAVINDER DOGRA APPOINTED AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSE3jCktB
Further company coverage: SHLP.NS
(([email protected];))
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Popular questions
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What does Shalimar Paints do?
Shalimar Paints Limited is a leading player in the paints and coatings industry, providing innovative solutions to protect infrastructure and enhance consumers' home environments. The company has a pan-India presence and has pioneered various industrial coatings technologies in India.
Who are the competitors of Shalimar Paints?
Shalimar Paints major competitors are SIRCA Paints India, Indigo Paints, Akzo Nobel India, Kansai Nerolac Paint, Berger Paints India, Asian Paints, Godavari Biorefin. Market Cap of Shalimar Paints is ₹913 Crs. While the median market cap of its peers are ₹16,230 Crs.
Is Shalimar Paints financially stable compared to its competitors?
Shalimar Paints seems to be less financially stable compared to its competitors. Altman Z score of Shalimar Paints is 3.36 and is ranked 7 out of its 8 competitors.
Does Shalimar Paints pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Shalimar Paints latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Shalimar Paints allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress
How strong is Shalimar Paints balance sheet?
Balance sheet of Shalimar Paints is strong. But short term working capital might become an issue for this company.
Is the profitablity of Shalimar Paints improving?
No, profit is decreasing. The profit of Shalimar Paints is -₹97.06 Crs for TTM, -₹73.85 Crs for Mar 2024 and -₹36.15 Crs for Mar 2023.
Is the debt of Shalimar Paints increasing or decreasing?
Yes, The debt of Shalimar Paints is increasing. Latest debt of Shalimar Paints is ₹138 Crs as of Sep-24. This is greater than Mar-24 when it was -₹9.16 Crs.
Is Shalimar Paints stock expensive?
There is insufficient historical data to gauge this. Latest PE of Shalimar Paints is 0
Has the share price of Shalimar Paints grown faster than its competition?
Shalimar Paints has given better returns compared to its competitors. Shalimar Paints has grown at ~6.55% over the last 4yrs while peers have grown at a median rate of -2.0%
Is the promoter bullish about Shalimar Paints?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Shalimar Paints is 74.96% and last quarter promoter holding is 75.73%
Are mutual funds buying/selling Shalimar Paints?
There is Insufficient data to gauge this.