Please find attached Financial Results for the Quarter and Year ended on March 31, 2026
SHALPAINTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shalimar Paints reported a full year revenue decline to 569.03 crore from 599.06 crore in the previous year, while Q4 revenue fell to 153.06 crore from 177.83 crore year-on-year. The company posted a net loss of 63.34 crore for FY26 compared to a loss of 80.11 crore in FY25, showing a 21% improvement in losses. Loss per share improved from 9.57 to 7.57. The company recorded an exceptional item of 4.60 crore related to new labour code implementation costs. Management highlighted positive EBITDA achieved for the first time since Hella Infra Market acquired majority stake, driven by cost rationalization and premium product mix. Consolidated results were restated due to acquisition of painting services business from the ultimate holding company. The auditor gave an unmodified (clean) opinion.
Despite operational improvements and reduced losses, the company remains deeply unprofitable with accumulated losses of 543.73 crore and negative working capital of 65.48 crore. The going concern assumption relies heavily on holding company support and asset monetization plans, creating significant risk for shareholders if these plans fail.