Shalimar Paints Limited (SHALPAINTS) - Net Assets

Latest as of September 2025: Rs2.84 Billion INR ≈ $30.76 Million USD

Based on the latest financial reports, Shalimar Paints Limited (SHALPAINTS) has net assets worth Rs2.84 Billion INR (≈ $30.76 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs6.88 Billion ≈ $74.38 Million USD) and total liabilities (Rs4.03 Billion ≈ $43.62 Million USD). 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. Check Shalimar Paints Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs2.84 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. Also explore Shalimar Paints Limited balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see SHALPAINTS company net worth.

Year	Net Assets	Change
2025-03-31	Rs3.15 Billion ≈ $34.06 Million	-19.89%
2024-03-31	Rs3.93 Billion ≈ $42.52 Million	+11.52%
2023-03-31	Rs3.53 Billion ≈ $38.13 Million	+0.50%
2022-03-31	Rs3.51 Billion ≈ $37.94 Million	+57.26%
2021-03-31	Rs2.23 Billion ≈ $24.12 Million	-18.25%
2020-03-31	Rs2.73 Billion ≈ $29.51 Million	-10.62%
2019-03-31	Rs3.05 Billion ≈ $33.02 Million	+121.17%
2018-03-31	Rs1.38 Billion ≈ $14.93 Million	-24.91%
2017-03-31	Rs1.84 Billion ≈ $19.88 Million	+178.32%
2016-03-31	Rs660.51 Million ≈ $7.14 Million	+7.26%
2015-03-31	Rs615.79 Million ≈ $6.66 Million	-15.95%
2014-03-31	Rs732.66 Million ≈ $7.92 Million	-2.32%
2013-03-31	Rs750.07 Million ≈ $8.11 Million	+17.71%
2012-03-31	Rs637.24 Million ≈ $6.89 Million	+18.65%
2011-03-31	Rs537.09 Million ≈ $5.81 Million	+17.70%
2010-03-31	Rs456.32 Million ≈ $4.93 Million	+16.76%
2009-03-31	Rs390.82 Million ≈ $4.23 Million	+5.68%
2008-03-31	Rs369.81 Million ≈ $4.00 Million	+20.54%
2007-03-31	Rs306.80 Million ≈ $3.32 Million	+8.27%
2006-03-31	Rs283.37 Million ≈ $3.06 Million	+6.41%
2005-03-31	Rs266.29 Million ≈ $2.88 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	Rs167.40 Million	5.31%
Other Comprehensive Income	Rs1.53 Billion	48.69%
Other Components	Rs6.12 Billion	194.17%
Total Equity	Rs3.15 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
Namyang Dairy Products Co Ltd Peffered Series 1 KO:003925	$49.95 Million
Broad Capital Acquisition Corp Unit NASDAQ:BRACU	$49.95 Million
Classic Scenic Bhd KLSE:7202	$49.95 Million
Foods & Inns Limited NSE:FOODSIN	$49.98 Million
Emami Realty Limited NSE:EMAMIREAL	$49.90 Million
Springwater Special Situations Corp NASDAQ:SWSS	$49.90 Million
Plastiblends India Limited NSE:PLASTIBLEN	$49.89 Million
Sachem Capital Corp NYSE MKT:SACH	$49.89 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	Rs-801.60 Million	-25.45%
Other Comprehensive Income	Rs-1.50 Million	-0.05%
Other Changes	Rs21.10 Million	+0.67%
Total Change	Rs-	-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: 1.47x
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 5.52x to 1.47x 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	Rs9.99	Rs55.13	x
2006-03-31	Rs10.76	Rs55.13	x
2007-03-31	Rs11.65	Rs55.13	x
2008-03-31	Rs14.04	Rs55.13	x
2009-03-31	Rs14.84	Rs55.13	x
2010-03-31	Rs17.33	Rs55.13	x
2011-03-31	Rs20.39	Rs55.13	x
2012-03-31	Rs24.20	Rs55.13	x
2013-03-31	Rs28.15	Rs55.13	x
2014-03-31	Rs27.51	Rs55.13	x
2015-03-31	Rs23.12	Rs55.13	x
2016-03-31	Rs24.86	Rs55.13	x
2017-03-31	Rs73.41	Rs55.13	x
2018-03-31	Rs72.74	Rs55.13	x
2019-03-31	Rs56.89	Rs55.13	x
2020-03-31	Rs50.25	Rs55.13	x
2021-03-31	Rs41.08	Rs55.13	x
2022-03-31	Rs62.56	Rs55.13	x
2023-03-31	Rs48.82	Rs55.13	x
2024-03-31	Rs50.68	Rs55.13	x
2025-03-31	Rs37.57	Rs55.13	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	Rs-6.48 Million
2006	12.04%	1.57%	1.54x	4.97x	Rs5.79 Million
2007	15.47%	1.85%	1.53x	5.45x	Rs16.79 Million
2008	25.91%	3.20%	1.55x	5.24x	Rs58.84 Million
2009	9.12%	1.07%	1.83x	4.65x	Rs-3.45 Million
2010	21.92%	2.74%	1.72x	4.67x	Rs54.37 Million
2011	21.73%	2.89%	1.61x	4.69x	Rs62.98 Million
2012	22.70%	2.97%	1.60x	4.76x	Rs80.90 Million
2013	14.69%	2.20%	1.37x	4.89x	Rs35.17 Million
2014	-3.81%	-0.58%	1.27x	5.20x	Rs-101.25 Million
2015	-17.18%	-2.44%	1.13x	6.20x	Rs-167.45 Million
2016	7.95%	1.30%	1.03x	5.92x	Rs-13.52 Million
2017	-5.27%	-2.78%	0.65x	2.91x	Rs-280.77 Million
2018	-33.00%	-16.93%	0.54x	3.58x	Rs-593.59 Million
2019	-26.79%	-28.51%	0.48x	1.94x	Rs-1.12 Billion
2020	-13.99%	-11.15%	0.64x	1.96x	Rs-654.72 Million
2021	-22.35%	-15.39%	0.64x	2.27x	Rs-721.70 Million
2022	-17.20%	-16.85%	0.55x	1.84x	Rs-954.31 Million
2023	-10.25%	-7.50%	0.77x	1.77x	Rs-714.05 Million
2024	-18.78%	-13.81%	0.80x	1.70x	Rs-1.13 Billion
2025	-25.45%	-13.38%	0.85x	2.23x	Rs-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: $6,075,672,980
Average return on equity (ROE) among peers: 20.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shalimar Paints Limited (SHALPAINTS)	Rs2.84 Billion	7.54%	1.42x	$49.91 Million
Aarti Industries Limited (AARTIIND)	$5.93 Billion	17.40%	1.80x	$1.90 Billion
Aarti Surfactants Limited (AARTISURF)	$1.33 Billion	16.31%	1.89x	$42.26 Million
ABM International Limited (ABMINTLLTD)	$15.38 Million	31.24%	33.21x	$4.46 Million
Advanced Enzyme Technologies Limited (ADVENZYMES)	$12.84 Billion	8.23%	0.11x	$432.43 Million
Aether Industries Limited (AETHER)	$782.77 Million	51.04%	2.84x	$1.74 Billion
Akzo Nobel India Limited (AKZOINDIA)	$13.30 Billion	32.29%	1.18x	$1.46 Billion
Alkali Metals Limited (ALKALI)	$513.80 Million	2.54%	0.73x	$7.43 Million
Alkyl Amines Chemicals Limited (ALKYLAMINE)	$852.48 Million	16.37%	2.01x	$959.63 Million
Ami Organics Limited (AMIORG)	$107.73 Million	26.58%	2.59x	$1.18 Billion
Anupam Rasayan India Limited (ANURAS)	$25.08 Billion	7.21%	0.51x	$1.69 Billion

About Shalimar Paints Limited

NSE:SHALPAINTS India Specialty Chemicals

Market Cap

$49.91 Million

Rs4.61 Billion INR

Market Cap Rank

#21928 Global

#1218 in India

Share Price

Rs55.13

Change (1 day)

-1.89%

52-Week Range

Rs36.08 - Rs104.89

All Time High

Rs314.25