SHALPAINTS quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Shalimar Paints Ltd reported sales of ₹116 Cr, operating profit of ₹-23 Cr (OPM -20%) and net profit of ₹-33 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
SHALPAINTS quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
148
178
155
134
131
156
138
116
Expenses
164
185
162
140
142
154
150
139
Operating Profit
-16
-7
-8
-6
-11
2
-12
-23
OPM
-11%
-4.1%
-4.9%
-4.7%
-8%
1.3%
-9%
-20%
Other Income
1
7
2
3
-4
1
1
1
Interest
5
5
6
6
7
6
5
5
Depreciation
4
4
5
5
5
5
5
5
Profit before tax
-25
-10
-17
-14
-27
-8
-21
-33
Tax
0%
0%
0%
0%
0%
-6%
0%
0%
Net Profit
-25
-10
-17
-14
-27
-7
-21
-33
EPS in Rs
-2.93
-1.14
-2
-1.69
-3.18
-0.88
-2.54
-3.89
SHALPAINTS profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
358
484
535
600
576
541
Expenses
381
499
589
657
598
584
Operating Profit
-22
-15
-54
-58
-22
-44
OPM
-6%
-3%
-10%
-10%
-3.9%
-8%
Other Income
-3
7
8
10
2
-1
Interest
22
16
13
18
25
23
Depreciation
13
13
15
16
20
20
Profit before tax
-61
-36
-74
-81
-65
-88
Tax
-1%
0%
0%
0%
-1%
-
Net Profit
-60
-36
-74
-81
-65
-88
EPS in Rs
-8.36
-5.01
-8.82
-9.7
-7.76
-10.49
Dividend Payout
0%
0%
0%
0%
0%
-
SHALPAINTS balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
17
17
17
17
17
Reserves
376
298
268
234
183
Borrowings
106
164
190
165
161
Other Liabilities
170
224
214
225
269
Total Liabilities
670
702
688
641
630
Fixed Assets
275
303
278
300
218
CWIP
35
27
29
0
0
Investments
0
0
0
0
0
Other Assets
360
372
381
341
412
Total Assets
670
702
688
641
630
SHALPAINTS cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
-62
-48
18
-59
23
Cash from Investing Activity
-6
-84
-51
-16
-1
Cash from Financing Activity
225
-7
44
29
-25
Net Cash Flow
157
-139
11
-46
-2
Free Cash Flow
-65
-59
-38
-84
13
CFO/OP
275%
322%
-32%
101%
-101%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit