Shalimar Paints Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Shalimar Paints Limited's yearly results (2023–2026), compared with Basic Materials companies in India. Tap ? on any ratio for what it means.
What stands out
- Growth Efficiency Ratio: Sales grew 19% in 3 years, but profit fell: ₹32 less profit per ₹100 of extra sales. Lower than 92% of Basic Materials companies in India.
- Shareholder Slice Ratio: Share count rose 16% in 3 years, so each share's slice of the company became smaller. Bigger rise in share count than 90% of Basic Materials companies in India.
- Self-Funding Ratio: Over the last 3 years operating cash was negative while the company kept spending on investment (capex). Lower than 89% of Basic Materials companies in India.
Where ₹100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
-0.2×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 89% of Basic Materials companies in India.
Cash Locked Ratio
₹6For every ₹100 of sales, ₹6 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ₹23 tied up three years earlier.
Less money tied up than 87% of Basic Materials companies in India.
Growth quality
Steadiness Ratio
2/3 · 1/3Sales grew in 2 of the last 3 years; profit grew in 1 of 3.
Less steady than 69% of Basic Materials companies in India.
Growth Efficiency Ratio
−₹32Sales grew 19% in 3 years, but profit fell: ₹32 less profit per ₹100 of extra sales.
Lower than 92% of Basic Materials companies in India.
Asset Productivity Ratio
+19% / +3%In 3 years sales changed by +19% while total assets changed by +3%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
0.1×Debt due within a year is covered 0.1 times by its yearly operating cash.
Lower than 75% of Basic Materials companies in India.
Cash Cushion Ratio
−24%Debt, after subtracting cash, equals 24% of its market value (net debt).
Lower than 69% of Basic Materials companies in India.
Tangible Assets Ratio
99%Of every ₹100 the company owns, ₹99 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 63% of Basic Materials companies in India.
Tangible Net Worth Ratio
99%Of every ₹100 of net worth, ₹99 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 66% of Basic Materials companies in India.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (13)
Shalimar Paints Limited made a loss over the last year. Shalimar Paints Limited owes ₹0.61 for every ₹1 it owns. Shalimar Paints Limited made a loss in each of the last two years.
Compared with Basic Materials companies in India · latest annual results Mar 2026.
P/E ratio
LossShalimar Paints Limited made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
2.58The share price is 2.58 times Shalimar Paints Limited's book value per share, higher than 64% of Basic Materials companies in India.
Market cap
₹648 CrThe total market value of all of Shalimar Paints Limited's shares at today's price (share price × number of shares), smaller than 70% of Basic Materials companies in India. PosiCap size class: Micro Cap.
Net worth (book value)
₹251 CrWhat Shalimar Paints Limited would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
₹30.01Net worth divided by the number of shares. The share price of ₹77.36 is 2.6 times this, which is the P/B above.
Return on equity (ROE)
-27.7%Shalimar Paints Limited lost 27.7% of its shareholders' money over the last year, lower than almost all Basic Materials companies in India.
Owes vs Owns
0.61×Shalimar Paints Limited owes ₹0.61 for every ₹1 it owns (moderate), higher than 88% of Basic Materials companies in India.
Dividend yield
NoneShalimar Paints Limited does not currently pay a dividend.
Revenue growth
-4%Revenue fell 4% in the year to Mar 2026, and grew 6% a year on average over 3 years.
Profit growth
LossShalimar Paints Limited made a loss in each of the last two years.
Profit margin
-11.3%Shalimar Paints Limited lost ₹11 for every ₹100 of revenue.
Interest cover
Not coveredShalimar Paints Limited's operating profit did not cover its interest costs in the year to Mar 2026.
Cash vs debt
Net debtShalimar Paints Limited had ₹164 Cr more debt than cash (net debt) at Mar 2026.
Questions
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Shalimar Paints Limited: ₹648 Cr ÷ ₹251 Cr (31 Mar 2026) = 2.6.
What is Shalimar Paints Limited's return on equity?
Shalimar Paints Limited lost 27.7% of its shareholders' money over the last year, lower than almost all Basic Materials companies in India.
How much does Shalimar Paints Limited owe compared with what it owns?
Shalimar Paints Limited owes ₹0.61 for every ₹1 it owns (moderate), higher than 88% of Basic Materials companies in India.
Does Shalimar Paints Limited pay a dividend?
No. Shalimar Paints Limited does not currently pay a dividend.
Is Shalimar Paints Limited's revenue growing?
Revenue fell 4% in the year to Mar 2026, and grew 6% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.