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Fincash » Search » Shalimar Paints Ltd

Shalimar Paints Ltd

Updated on September 20, 2020

Stock/Share Code - SHALPAINTS

Shalimar Paints Limited is engaged in manufacturing paints, varnishes, enamels or lacquers. The Company's product categories include interior walls, exterior walls, metal surfaces, wooden surfaces and floors

Below is the details of SHALPAINTS Shalimar Paints Ltd

Market Cap₹378.2 Cr.
Current Price ₹63.95 as on 25 Sep 20
52 Week High / Low Price₹111.65 / ₹42.35
Face Value₹2
Stock P/E
Book Value₹47.22
Dividend Yield0.00 %
ROCE-10.51 %
ROE-16.45 %
Sales Growth (3yrs)-0.57 %
SectorPaints/Varnish
IndustryPaints / Varnishes
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Debtor days have improved from 114.67 to 75.90 days.
Cons: Company has low interest coverage ratio. The company has delivered a poor growth of -3.72% over past five years. Company has a low return on equity of -25.11% for last 3 years. Promoter holding has decreased over last 3 years: -9.20%

Shalimar Paints Ltd Price Chart

Shalimar Paints Ltd Price Chart

Shalimar Paints Ltd Peer Comparison in Paints/Varnish

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Asian Paints ₹1,925.6 93.98 ₹182,161.25 Cr. 0.63 ₹218.45 Cr. -66.67 -42.75 2922.66 33.78
2. Berger Paints ₹582.25 105.19 ₹52,222.49 Cr. 0.41 ₹15.42 Cr. -91.28 -45.78 930.76 28.98
3. Kansai Nerolac ₹475.7 63.04 ₹25,749.58 Cr. 0.66 ₹33.47 Cr. -77.08 -58.58 638.92 18.19
4. Akzo Nobel ₹2,015.15 58.46 ₹9,563.92 Cr. 0.67 -₹20.26 Cr. -135.46 -64.08 258.50 27.25
5. Shalimar Paints ₹378.2 Cr. 0.00 -₹22.29 Cr. 7.91 -6.79 83.43 -10.51
6. Hardcast.& Waud 17.23 ₹12.58 Cr. 0.00 -₹0.32 Cr. -113.33 -8.62 0.53 3.43
7. Yug Decor ₹80.45 17.26 ₹10.01 Cr. 5.83 Cr. 12.44

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Shalimar Paints Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020
Sales -747166605172759085829383
YOY Sales Growth %-20.63%-27.89%-21.45%-18.78%-30.38%1.31%13.07%48.64%65.33%14.41%24.51%-6.79%
Expenses -80807570647883125858293119
Material Cost %75%78%76%76%73%73%77%82%69%67%66%64%
Employee Cost %12%14%16%17%19%15%14%12%14%14%14%16%
Operating Profit-6-9-9-10-12-7-8-35000-36
OPM %-8%-13%-13%-17%-24%-9%-10%-39%0%0%0%-43%
Other Income000000-4-1000015
Interest667767664555
Depreciation112422222338
Profit before tax-12-16-17-22-20-15-20-54-6-7-7-35
Tax %21%39%43%26%27%32%31%20%13%30%31%36%
Net Profit-10-10-10-16-15-10-13-43-5-5-5-22
EPS in Rs-1.72-1.74-2.08-3.39-2.75-1.79-2.40-8.07-0.98-0.95-0.95-4.10
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Sales -288319358436478465416384350271288344
Sales Growth %10.95%11.05%12.12%21.63%9.69%-2.71%-10.57%-7.67%-8.86%-22.47%6.05%19.55%
Expenses -271294329395440450407354336305350384
Material Cost %75%70%71%73%74%76%74%68%70%77%77%68%
Manufacturing Cost %2%2%2%2%2%2%1%1%2%2%3%0%
Employee Cost %6%6%6%6%6%8%9%9%10%15%15%14%
Other Cost %11%14%13%10%10%11%14%13%15%19%28%30%
Operating Profit17252940381593014-34-62-41
OPM %6%8%8%9%8%3%2%8%4%-13%-22%-12%
Other Income1100-262121-1415
Interest8810151721212223262520
Depreciation3334445588811
Profit before tax615172116-4-154-15-67-109-56
Tax %44%34%30%31%30%22%29%-22%36%32%25%32%
Net Profit410121411-3-115-10-45-82-38
EPS in Rs0.601.681.982.450.390.000.000.940.000.000.00-6.98
Dividend Payout %32%28%26%26%0%0%0%0%0%0%0%0%

Compounded Sales Growth

  • 10 Years:: 0.74%
  • 5 Years:: -3.72%
  • 3 Years:: -0.57%
  • TTM:: 19.55%

Compounded Profit Growth

  • TTM:: 31.77%

Return on Equity

  • 10 Years:: 2.91%
  • 5 Years:: -1.37%
  • 3 Years:: -24.53%
  • 1 Year:: -5.83%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -44444444441111
Equity Capital3.793.793.793.793.793.793.793.793.793.7910.7310.86
Reserves3542506071705862163117278246
Borrowings6050606988110130137171179152120
Other Liabilities -82113139171204198191188177177135143
Trade Payables7187781131451511321381031409896
Advance from Customers00000044240
Other liability items122761575847554672343747
Total Liabilities182209252303367381382391515477576520
Fixed Assets -2632343232317167194222217267
Gross Block627176797381126127202238241
Accumulated Depreciation363942474150566081524
CWIP000181816141240
Investments011111114111
Other Assets -156176218269326331310317303253334251
Inventories51638310613212110611193747187
Trade receivables79921141381541601541431251069972
Cash Equivalents14101113154191219914
Loans n Advances1312911244146456775899
Other asset items-0-11115497-20-1679
Total Assets182209252303367381382391515477576520

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -1424615261038363436-96-10
Profit from operations17.9924.3726.9541.3637.2318.318.3230.2915.64-33.66-36.880.39
Receivables0.00-11.57-19.93-29.09-30.09-30.322.546.49-0.5833.33-8.43-1.44
Inventory11.91-12.28-20.26-22.70-26.1510.6115.37-4.9418.3718.55-8.90-15.26
Payables-10.6227.0824.0529.8850.6712.487.424.130.7917.08-41.776.83
Other WC items0.000.000.000.00-6.03-0.714.260.000.000.000.000.00
Working capital changes1.293.23-16.14-21.91-11.60-7.9429.605.6818.5768.95-59.10-9.87
Direct taxes-3.51-3.30-4.56-4.350.000.000.000.00-0.050.35-0.06-0.08
Exceptional CF items-2.090.000.000.000.000.000.000.000.000.000.000.00
Cash from Investing Activity --1-9-4-3-10-6-26-5-16-10-32-28
Fixed assets purchased-8.78-9.92-5.24-3.53-10.63-13.67-28.31-6.74-13.54-14.47-31.52-32.79
Fixed assets sold5.760.100.030.040.116.491.400.083.460.740.000.00
Investments purchased-0.200.000.000.000.000.000.000.00-12.000.000.000.00
Investments sold0.000.000.000.000.000.000.000.009.532.950.000.00
Interest received0.080.010.060.070.160.731.131.380.290.591.341.36
Invest in subsidiaries0.00-0.500.000.00-0.01-0.040.000.000.000.000.000.00
Other investing items1.741.631.360.000.000.000.000.00-3.52-0.15-1.583.79
Cash from Financing Activity --12-19-2-9-13-15-16-23-19-18198-46
Proceeds from shares0.000.000.000.000.000.000.000.000.000.00250.615.70
Proceeds from borrowings0.000.009.769.180.000.000.000.000.0012.900.000.00
Repayment of borrowings-0.69-10.190.000.000.000.000.000.000.00-4.57-26.72-31.61
Interest paid fin-8.08-7.60-8.35-15.23-16.59-20.97-20.65-21.97-22.37-26.20-24.91-19.85
Dividends paid-3.08-1.33-3.31-3.01-3.790.000.000.000.000.000.000.00
Other financing items0.000.000.000.007.026.394.98-0.693.480.00-1.000.00
Net Cash Flow0-4132-11-48-1770-83

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Ratios

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %17%25%25%29%23%7%2%13%3%-13%-18%-11%
Debtor Days10010511611611812513513613014212676
Inventory Turnover3.894.013.533.433.022.812.722.452.422.543.092.94

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.