Shalimar Paints Limited
Shalimar Paints Limited engages in the manufacture and sale of paints and coatings in India and internationally. It provides decorative paints for interior and exterior surfaces, concrete, plasters, metals; fibre reinforced elastomeric coating; undercoat and topcoat for metal and wood; and marine coatings. The company also offers emulsions, enamels, distemper, primer, epoxy, aluminum, and zinc ri… Read more
Shalimar Paints Limited (SHALPAINTS) - Net Assets
Latest net assets as of September 2025: ₹2.84 Billion INR
Based on the latest financial reports, Shalimar Paints Limited (SHALPAINTS) has net assets worth ₹2.84 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹6.88 Billion) and total liabilities (₹4.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹2.84 Billion |
| % of Total Assets | 41.36% |
| Annual Growth Rate | 13.15% |
| 5-Year Change | 41.2% |
| 10-Year Change | 376.88% |
| Growth Volatility | 47.78 |
Shalimar Paints Limited - Net Assets Trend (2005–2025)
This chart illustrates how Shalimar Paints Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shalimar Paints Limited (2005–2025)
The table below shows the annual net assets of Shalimar Paints Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹3.15 Billion | -19.89% |
| 2024-03-31 | ₹3.93 Billion | +11.52% |
| 2023-03-31 | ₹3.53 Billion | +0.50% |
| 2022-03-31 | ₹3.51 Billion | +57.26% |
| 2021-03-31 | ₹2.23 Billion | -18.25% |
| 2020-03-31 | ₹2.73 Billion | -10.62% |
| 2019-03-31 | ₹3.05 Billion | +121.17% |
| 2018-03-31 | ₹1.38 Billion | -24.91% |
| 2017-03-31 | ₹1.84 Billion | +178.32% |
| 2016-03-31 | ₹660.51 Million | +7.26% |
| 2015-03-31 | ₹615.79 Million | -15.95% |
| 2014-03-31 | ₹732.66 Million | -2.32% |
| 2013-03-31 | ₹750.07 Million | +17.71% |
| 2012-03-31 | ₹637.24 Million | +18.65% |
| 2011-03-31 | ₹537.09 Million | +17.70% |
| 2010-03-31 | ₹456.32 Million | +16.76% |
| 2009-03-31 | ₹390.82 Million | +5.68% |
| 2008-03-31 | ₹369.81 Million | +20.54% |
| 2007-03-31 | ₹306.80 Million | +8.27% |
| 2006-03-31 | ₹283.37 Million | +6.41% |
| 2005-03-31 | ₹266.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shalimar Paints Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 466710000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹167.40 Million | 5.31% |
| Other Comprehensive Income | ₹1.53 Billion | 48.69% |
| Other Components | ₹6.12 Billion | 194.17% |
| Total Equity | ₹3.15 Billion | 100.00% |
Shalimar Paints Limited Competitors by Market Cap
The table below lists competitors of Shalimar Paints Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Revium Recovery Inc
PINK:RVRC
|
$10.96 Million |
|
BEYOND MED TEC. INC. NEW
F:7FM
|
$10.96 Million |
|
Nupur Recyclers Limited
NSE:NRL
|
$10.96 Million |
|
Banimmo S.A.
LSE:0NG8
|
$10.97 Million |
|
Pacific Orient Bhd
KLSE:6009
|
$10.96 Million |
|
The Practical Solution Public Company Limited
BK:TPS
|
$10.96 Million |
|
Nosa Med AB
ST:NOSA
|
$10.96 Million |
|
Advtech
JSE:ADH
|
$10.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shalimar Paints Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,931,800,000 to 3,149,800,000, a change of -782,000,000 (-19.9%).
- Net loss of 801,600,000 reduced equity.
- Other comprehensive income decreased equity by 1,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-801.60 Million | -25.45% |
| Other Comprehensive Income | ₹-1.50 Million | -0.05% |
| Other Changes | ₹21.10 Million | +0.67% |
| Total Change | ₹- | -19.89% |
Book Value vs Market Value Analysis
This analysis compares Shalimar Paints Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.65x to 1.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹9.99 | ₹46.48 | x |
| 2006-03-31 | ₹10.76 | ₹46.48 | x |
| 2007-03-31 | ₹11.65 | ₹46.48 | x |
| 2008-03-31 | ₹14.04 | ₹46.48 | x |
| 2009-03-31 | ₹14.84 | ₹46.48 | x |
| 2010-03-31 | ₹17.33 | ₹46.48 | x |
| 2011-03-31 | ₹20.39 | ₹46.48 | x |
| 2012-03-31 | ₹24.20 | ₹46.48 | x |
| 2013-03-31 | ₹28.15 | ₹46.48 | x |
| 2014-03-31 | ₹27.51 | ₹46.48 | x |
| 2015-03-31 | ₹23.12 | ₹46.48 | x |
| 2016-03-31 | ₹24.86 | ₹46.48 | x |
| 2017-03-31 | ₹73.41 | ₹46.48 | x |
| 2018-03-31 | ₹72.74 | ₹46.48 | x |
| 2019-03-31 | ₹56.89 | ₹46.48 | x |
| 2020-03-31 | ₹50.25 | ₹46.48 | x |
| 2021-03-31 | ₹41.08 | ₹46.48 | x |
| 2022-03-31 | ₹62.56 | ₹46.48 | x |
| 2023-03-31 | ₹48.82 | ₹46.48 | x |
| 2024-03-31 | ₹50.68 | ₹46.48 | x |
| 2025-03-31 | ₹37.57 | ₹46.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shalimar Paints Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -25.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.38%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.23x
- Recent ROE (-25.45%) is below the historical average (-1.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 7.54% | 1.22% | 1.27x | 4.86x | ₹-6.48 Million |
| 2006 | 12.04% | 1.57% | 1.54x | 4.97x | ₹5.79 Million |
| 2007 | 15.47% | 1.85% | 1.53x | 5.45x | ₹16.79 Million |
| 2008 | 25.91% | 3.20% | 1.55x | 5.24x | ₹58.84 Million |
| 2009 | 9.12% | 1.07% | 1.83x | 4.65x | ₹-3.45 Million |
| 2010 | 21.92% | 2.74% | 1.72x | 4.67x | ₹54.37 Million |
| 2011 | 21.73% | 2.89% | 1.61x | 4.69x | ₹62.98 Million |
| 2012 | 22.70% | 2.97% | 1.60x | 4.76x | ₹80.90 Million |
| 2013 | 14.69% | 2.20% | 1.37x | 4.89x | ₹35.17 Million |
| 2014 | -3.81% | -0.58% | 1.27x | 5.20x | ₹-101.25 Million |
| 2015 | -17.18% | -2.44% | 1.13x | 6.20x | ₹-167.45 Million |
| 2016 | 7.95% | 1.30% | 1.03x | 5.92x | ₹-13.52 Million |
| 2017 | -5.27% | -2.78% | 0.65x | 2.91x | ₹-280.77 Million |
| 2018 | -33.00% | -16.93% | 0.54x | 3.58x | ₹-593.59 Million |
| 2019 | -26.79% | -28.51% | 0.48x | 1.94x | ₹-1.12 Billion |
| 2020 | -13.99% | -11.15% | 0.64x | 1.96x | ₹-654.72 Million |
| 2021 | -22.35% | -15.39% | 0.64x | 2.27x | ₹-721.70 Million |
| 2022 | -17.20% | -16.85% | 0.55x | 1.84x | ₹-954.31 Million |
| 2023 | -10.25% | -7.50% | 0.77x | 1.77x | ₹-714.05 Million |
| 2024 | -18.78% | -13.81% | 0.80x | 1.70x | ₹-1.13 Billion |
| 2025 | -25.45% | -13.38% | 0.85x | 2.23x | ₹-1.12 Billion |
Industry Comparison
This section compares Shalimar Paints Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,571,777,102
- Average return on equity (ROE) among peers: 15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shalimar Paints Limited (SHALPAINTS) | ₹2.84 Billion | 7.54% | 1.42x | $10.96 Million |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.01 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $15.14 Million |
| ABM International Limited (ABMINTLLTD) | $214.51 Million | 3.09% | 0.89x | $294.24K |
| ACUTAAS CHEMICALS LTD (ACUTAAS) | $5.94 Billion | 14.02% | 0.29x | $247.08K |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $95.16 Million |
| Agarwal Industrial Corporation Limited (AGARIND) | $739.40 Million | 9.29% | 0.98x | $26.89 Million |
| Alkali Metals Limited (ALKALI) | $513.80 Million | 2.54% | 0.73x | $1.88 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $3.79 Billion | 22.71% | 1.01x | $204.91 Million |
| Ami Organics Limited (AMIORG) | $107.73 Million | 26.58% | 2.59x | $704.27 Million |
| Anupam Rasayan India Limited (ANURAS) | $2.50 Billion | 13.94% | 1.53x | $318.75 Million |