Shalimar Paints Ltd

NSE
SHALPAINTS •
BUY

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Start SIP in Shalimar Paints Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
29.85% Gain from 52W Low
-13.3
TTM PE Ratio
Negative PE TTM
-25.3
Price to Book Ratio
Below industry Median
4.1
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is less than 1
0.6
RSI
RSI oversold
27.4
MFI
MFI is mid-range
33.2

Shalimar Paints Ltd Key Financials

*All values are in ₹ Cr.

Shalimar Paints Ltd shareholding Pattern

Promoter
31.9%
Domestic Institutions
2.9%
Public
65.2%

Shalimar Paints Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
1
Bearish Moving Averages
15
5Day EMA
178.10
10Day EMA
184.30
12Day EMA
186.00
20Day EMA
189.90
26Day EMA
191.10
50Day EMA
190.90
100Day EMA
185.00
200Day EMA
174.90
Delivery & Volume
Resistance & Support
173.30
Pivot
Resistance
First Resistance
176.95
Second Resistance
181.65
Third Resistance
185.30
Support
First Support
168.60
Second support
164.95
Third Support
160.25
Relative Strength Index
27.42
Money Flow Index
33.20
MACD
-5.16
MACD Signal
-1.84
Average True Range
8.19
Average Directional Index
27.33
Rate of Change (21)
-12.01
Rate of Change (125)
6.69

Shalimar Paints Ltd Company background

Founded in: 1902
Managing director: Ashok Kumar Gupta
Shalimar Paints Ltd. established in 1902 is engaged in manufacturing and selling of decorative paints and industrial coatings. The Company currently has 3 manufacturing facilities, one each at Chennai, Nashik and Sikandrabad (Uttar Pradesh). It has a wide distribution network, 32 sales depots, and 3 regional distribution centers across all four zones in India. Apart from India, the Company catered to consumers from Nepal, UAE, Bhutan and Seychelles.Courtalds Coatings, UK was the holding company and it holds majority shareholding through its subsidiary International Paint Company, UK. It became a private limited company in 1956 and later on in 1961, it was converted into a public limited company. The company acquired its present name in 1963. Courtalds slowly started disinvesting since 1978 and finally in 1989, it fully disinvested its stake and maintained only its technical and marketing collaboration with the Indian company till 1994. The Courtalds stake was acquired by G Jhunjhunwala, a HongKong based NRI (20%) and the Delhibased O P Jindal group (42%).The company has three product segments industrial, marine and architectural paint segments. It also manufactures varnishes, resins, etc. The company has two manufacturing units one at Howrah, West Bengal and the other at Nashik, Maharashtra. 90% of its raw materials are obtained from Kerala Mining and Materials (KMML).The company diversified in 1993 into aviation coatings. It also launched a premium range of wall finisher Hussain Collections in the decorative sector. It also entered into a technical collaboration with Salchi, Italy to manufacture solvent borne industrial paints. A joint venture company, Grace Shalimar (P) Ltd, has been formed with W R Grace Co, to produce 2000 tpa of packaging coatings for which a new plant will be set up at Nashik.In 19992000, the company introduced two new products, MELA, an acrylic distemper and XTRA, a premium 100% acrylic exterior finish paint. In 200001, the company has entered into a tieup with Creanova, a world leader in colorants and in 200102 the company launched colour tinting system business under the brand name of Color Space. Several new products including Roadcoat,Shaktiman were introduced during 200102.The Company launched two new products, No. 1 Silk Emulsion, an economical water thinnable Acrylic coating for interior walls and Superlac soft sheen Satin Enamel for wood, metal and wall surface in 200203. The Sikandrabad factory which was acquired in March 2003 became fully operational.During the year 200708, Directors had, with a view to diversify into the fast growing real estate sector, formed a separate division i.e. Real Estate Division to carry on the said new line of activities. Subsequently, the Company, decided to hiveoff the Real Estate Division to a separate subsidiary company. Accordingly, the Company formed a subsidiary company by the name Shalimar Adhunik Nirman Private Limited and initiated the process of hiving off its Real Estate Division to the said subsidiary.During the year 200809, the Honble High Courts at Kolkata and Delhi sanctioned the Scheme of Arrangement between the Company and Shalimar Adhunik Nirman Limited (SANL) and accordingly the Company hivedoff its Real Estate Division to SANL, subsidiary of the Company with effect from the appointed date on 31st March, 2008.The Company in 201112 launched a premium exterior emulsion under the brand Self Clean. New products like Signature, Superlac Stay Clean, Weather PRO+, G. P. Synthetic Enamel were launched in the decorative paint segment in 201516. In the industrial segment, it launched quite a few new products namely Single Pack DT Primer cum Topcoat, Low Cost Zinc Silicate for Projects, High Build Quick Drying Coal Tar Epoxy, Solvent less Epoxy Costing For Pipe Industries, Quick drying Single pack Paint for Cylinder Industries, Black and Clear Bitumen Varnish and Stoving Paint for Hair Clip.During 201617, In the Decorative segment, Company launched new products namely, Zinc Chromate Yellow Green Primer, Super Shaktiman Projects Acrylic Exterior Emulsion, Xtra Tough Premier Acrylic Exterior Emulsion, Superlac Advance Premium Acrylic Interior Emulsion and in decorative packaging segment, Red Oxide Metal Primer, Universal White Primer were launched. In the Industrial Product segment, it launched Solventless Food Grade Epoxy, Quick Drying Alkyd Primer, Phenolic Modified Coating, Heat Resistance Coating and Zinc Phosphate Primer.As on March 31, 2022, Company had two subsidiaries, viz. Shalimar Adhunik Nirman Limited (SANL) and Eastern Speciality Paints Coatings Private Limited (ESPCPL).
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Shalimar Paints Ltd FAQs

Shalimar Paints Ltd shares are currently priced at 172.25 on NSE and 172.45 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Shalimar Paints Ltd [SHALPAINTS] share was 16.38. The Shalimar Paints Ltd [SHALPAINTS] share hit a 1-year low of Rs. 132.65 and a 1-year high of Rs. 224.15.

The market cap of Shalimar Paints Ltd is Rs. 1441.93 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Shalimar Paints Ltd is 0 as of 2/29/2024 12:00:00 AM.

The PB ratios of Shalimar Paints Ltd is 3.48 as of 2/29/2024 12:00:00 AM

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