Shalimar Paints Q2 and H1 FY26 results: losses narrow, margins up

Net loss reportedRevenue declinedEBITDA margin expansionNegative operating cash flowResults restatedResults View source PDF Explain this filing

SHALPAINTS · price

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Price reactionminutes from the announcement price · days from the prior close

+3.4%Reaction day

₹74.25

prior close

₹76.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+2.5% vs market

Paints peers, median of 8sector+1.2%+2.2% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.2 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+1.6

15m

+1.7

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.4+0.9+2.5+1.2+2.2

Next day

-1.7+0.8-2.5+2.3-3.9

-3.7+0.7-4.5+1.5-5.2

-4.8+1.3-6.1+2.2-7.0

-6.7+0.5-7.3+2.9-9.7

-3.7+0.4-4.1+2.5-6.2

-8.0-1.5-6.5+1.6-9.6

15d

-12.5-2.4-10.0+0.1-12.6

-18.9-4.4-14.5+0.7-19.6

-8.4-7.2-1.2-5.1-3.3

-16.5-5.0-11.5-15.3-1.2

UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shalimar Paints H1 FY26 standalone revenue Rs 285.57 cr, up about 4.6% YoY. Standalone loss narrowed to Rs 30.53 cr from Rs 46.62 cr. Q2 standalone revenue declined to Rs 132.11 cr from Rs 144.74 cr. EBITDA improved Rs 20 cr, up 7.6% with margin gain of about 5.1%. Consolidated H1 revenue Rs 288.37 cr, up about 6%. Inventory reduced by Rs 10 cr. Operating cash flow remained negative at around Rs 2.25 cr. Consolidated prior period figures restated for a business combination.

Likely market impact

Losses continue but narrowing. Margin expansion and cost control are positives. Watch working capital and debt; stock remains operationally weak.