Shalimar Paints Limited has submitted to the Exchange, the financial results for the period ended 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 net loss of ₹63.34 crore for FY 2025-26, though this is an improvement from the ₹80.11 crore loss in FY25. Revenue declined 5% to ₹569.03 crore from ₹599.06 crore. The company achieved positive EBITDA for the first time since Hella Infra Market acquired majority stake, driven by cost rationalization and premiumization of product mix. However, the company continues to burn cash with accumulated losses of ₹543.73 crore and current liabilities exceeding current assets by ₹65.48 crore. The auditor gave an unmodified (clean) opinion. Exceptional items of ₹4.60 crore were recorded due to new labour code implementation.
Despite narrowing losses and positive EBITDA, the stock faces pressure due to ongoing losses, negative cash flows historically, and weak revenue growth. The company remains dependent on holding company financial support and asset monetization plans to continue as a going concern.