₹95.93
▲ +10.73 +12.59%
As of 13 Nov 2026 · delayed
NSE Listed · Paints/Varnish
T2TShalimar Paints Ltd. (SHALPAINTS)
Volume: 20,97,519Avg Vol 1W: 5,65,830Avg Vol 1M: 2,06,16852W Range:₹35.21₹97.48
Key Ratios
Checked 4h agoMarket Cap₹803 Cr
Current Price₹95.93
Previous Close₹85.2
High / Low (52w)₹97.48 / ₹35.21
Volume20,97,519
Avg Vol (1W)5,65,830
Avg Vol (1M)2,06,168
Stock P/E—
Book Value₹10.87
Dividend Yield0%
ROE-43.98%
ROA-13.94%
Revenue (TTM)—
Revenue Growth10.56%
Profit Margin-16.25%
Total Debt₹20 Cr
Shares Outstanding8 Cr
Face Value₹2
EPS (TTM)₹0
P/B8.82
Debt / Equity0.94
50 DMA₹80.65
200 DMA₹63.57
Day change+12.59%
SurveillanceT2T
Price Chart
₹95.93▲ 34.85% · 1Y
2025-11-142026-11-13
20-day avg volume: 2.1L shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 16% YoY.
- Company is loss-making at the latest annual result.
Quarterly Results
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹148 Cr | ₹178 Cr | ₹155 Cr | ₹134 Cr | ₹131 Cr | ₹156 Cr | ₹138 Cr | ₹116 Cr |
| EBITDA | ₹-19 Cr | ₹-5 Cr | ₹-11 Cr | ₹-8 Cr | ₹-15 Cr | ₹-2 Cr | ₹-16 Cr | ₹-27 Cr |
| Net Profit | ₹-25 Cr | ₹-10 Cr | ₹-17 Cr | ₹-14 Cr | ₹-27 Cr | ₹-7 Cr | ₹-21 Cr | ₹-33 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹178 Cr | ₹153 Cr | ₹132 Cr | ₹130 Cr | ₹153 Cr | ₹582 Cr | ₹136 Cr | ₹115 Cr |
| EBITDA | ₹-5 Cr | ₹-11 Cr | ₹-7 Cr | ₹-15 Cr | ₹-1 Cr | ₹-35 Cr | ₹-16 Cr | ₹-27 Cr |
| Net Profit | ₹-10 Cr | ₹-17 Cr | ₹-14 Cr | ₹-27 Cr | ₹-6 Cr | ₹-65 Cr | ₹-21 Cr | ₹-32 Cr |
| EPS | — | — | — | — | — | -7.76 | — | — |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹594 Cr | ₹536 Cr | ₹506 Cr | ₹647 Cr | ₹624 Cr | ₹670 Cr | ₹702 Cr | ₹641 Cr |
| Total Liabilities | ₹289 Cr | ₹263 Cr | ₹283 Cr | ₹296 Cr | ₹271 Cr | ₹276 Cr | ₹388 Cr | ₹389 Cr |
| Equity | ₹305 Cr | ₹273 Cr | ₹223 Cr | ₹351 Cr | ₹353 Cr | ₹393 Cr | ₹314 Cr | ₹251 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-94 Cr | ₹-9 Cr | ₹16 Cr | ₹-62 Cr | ₹-47 Cr | ₹18 Cr | ₹-58 Cr | ₹23 Cr |
| Investing | ₹-34 Cr | ₹-28 Cr | ₹-5 Cr | ₹-6 Cr | ₹-84 Cr | ₹-51 Cr | ₹-16 Cr | ₹-1 Cr |
| Financing | ₹198 Cr | ₹-46 Cr | ₹-11 Cr | ₹225 Cr | ₹-7 Cr | ₹44 Cr | ₹29 Cr | ₹-25 Cr |
| Free Cash Flow | ₹-94 Cr | ₹-9 Cr | ₹16 Cr | ₹-62 Cr | ₹-47 Cr | ₹18 Cr | ₹-58 Cr | ₹23 Cr |
Shareholding
Promoter 74.96% Institutions 0.05% Public 24.99%
Efficiency & Working Capital
ROCE-18.1%
Interest Coverage-1.6
Dividend Payout—
Debtor Days88 d
Inventory Days65 d
Payable Days112 d
Cash Conversion Cycle41 d
Working Capital Days152 d
Shareholding Details
As of 2026-09-30
Promoter75%
FII0%
DII0%
Institutions0%
Public25%
Promoter Pledge70.5%
No. of Shareholders31,525
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 31.9% | 75.7% | 75.7% | 75.7% | 75.7% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 0% | 0.1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.1% | 0% | 0% |
| DIIs | 0.1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 68% | 24.2% | 24.2% | 24.2% | 24.2% | 25% | 25% | 25% | 25% | 24.9% | 25% | 25% |
| Promoter Pledge | 0% | 28.5% | 66.2% | 66.2% | 66.2% | 57.7% | 57.7% | 61.4% | 70.5% | 70.5% | 70.5% | 70.5% |
| No. of Shareholders | 23,240 | 24,333 | 26,503 | 30,009 | 31,100 | 29,913 | 31,086 | 32,659 | 32,408 | 31,826 | 31,768 | 31,525 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Hella Infra Market Limited | Shareholding of Promoter and Promoter Group | 52.9% | 4.42 Cr |
| Virtuous Tradecorp Private Limited | Shareholding of Promoter and Promoter Group | 12.6% | 1.06 Cr |
| Jsl Limited | Shareholding of Promoter and Promoter Group | 3.2% | 26,81,992 |
| Hexa Securities And Finance Company Limited | Shareholding of Promoter and Promoter Group | 1.8% | 15,00,000 |
| Nalwa Sons Investments Limited | Shareholding of Promoter and Promoter Group | 1.6% | 13,72,590 |
| Colorado Trading Company Private Limited | Shareholding of Promoter and Promoter Group | 1.5% | 12,24,635 |
| Nalwa Investments Limited | Shareholding of Promoter and Promoter Group | 0.3% | 2,70,569 |
| Urvi Jindal | Shareholding of Promoter and Promoter Group | 0.2% | 1,65,545 |
| Jindal Equipment Leasing And Consultancy Services Limited | Shareholding of Promoter and Promoter Group | 0.1% | 1,02,500 |
| Deepika Jindal | Shareholding of Promoter and Promoter Group | 0.1% | 89,062 |
| Prj Family Management Company Private Limited | Shareholding of Promoter and Promoter Group | 0.1% | 85,490 |
| Stainless Investments Limited | Shareholding of Promoter and Promoter Group | 0.1% | 82,500 |
| Sun Investments Private Limited | Shareholding of Promoter and Promoter Group | 0.1% | 82,500 |
| Abhinandan Tradex Limited | Shareholding of Promoter and Promoter Group | 0.1% | 55,000 |
| Mansarover Tradex Limited | Shareholding of Promoter and Promoter Group | 0.1% | 52,500 |
| Naveen Jindal & Sons Huf (karta: Mr. Naveen Jindal) | Shareholding of Promoter and Promoter Group | 0% | 36,515 |
| Sangita Jindal | Shareholding of Promoter and Promoter Group | 0% | 31,000 |
| Savitri Devi Jindal | Shareholding of Promoter and Promoter Group | 0% | 36,515 |
| R K Jindal & Sons Huf (karta: Mr. Ratan Jindal) | Shareholding of Promoter and Promoter Group | 0% | 30,750 |
| P R Jindal Huf (karta: Mr. P R Jindal) | Shareholding of Promoter and Promoter Group | 0% | 14,606 |
| S K Jindal & Sons Huf (karta: Mr.GáSajjanGáJindal) | Shareholding of Promoter and Promoter Group | 0% | 12,300 |
| Sminu Jindal | Shareholding of Promoter and Promoter Group | 0% | 12,468 |
| Aaditya Gajendra Sharda | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Souvik Pulakesh Sengupta | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Arti Jindal | Shareholding of Promoter and Promoter Group | 0% | 10 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Hella Infra Market Limited | 4.42 Cr | 100% | 2026-09-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Rajeev Uberoi | Chairman & Independent Directo | 2026 |
| Kuldip Raina | Managing Director & CEO | 2026 |
| Souvik Pulakesh Sengupta | Non-Exec & Non-Independent Dir | 2026 |
| Aaditya Sharda | Non-Exec & Non-Independent Dir | 2026 |
| Atul R Desai | Independent Non Exe. Director | 2026 |
| Shan Jain | Independent Non Exe. Director | 2026 |
| VIJAY KUMAR SHARMA | Independent Non Exe. Director | 2026 |
| Abhijeet Jhawar | Non-Exec & Non-Independent Dir | 2026 |
| Snehal Mahendra Saboo | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Manufacturing of paints | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 20 | 17 | 17 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-12 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 9 | 0 | 0 | 4 | 3 | 16 |
| 2026 | 8 | 0 | 0 | 0 | 0 | 8 |
| 2026 | 0 | 0 | 0 | 4 | 1 | 5 |
Insider / Designated-Person Trades
30 recent disclosure(s)
Veera GuptaDisposal · 58,069
Veera GuptaDisposal · 67,000
Veera GuptaDisposal · 31,510
Veera GuptaDisposal · 90,000
Veera GuptaDisposal · 45,639
Veera GuptaDisposal · 1,49,832
Substantial Acquisitions (SAST)
3 disclosure(s)
Market17/02/2026 · 500
Market17/02/2026 · 500
Market17/02/2026 · 500
Company Information
Incorporated1902
ChairmanRajeev Uberoi
AuditorWalker Chandiok & Co LLP
Investor Email[email protected]; [email protected]
📍 Stainless Centre 4th Floor, Plot No 50 Sector 32, Gurugram, Haryana, 122001
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