Shalimar Paints Ltd
Shalimar Paints Ltd (SHALPAINTS)

Shalimar Paints Ltd (SHALPAINTS)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-0.06 %
3 Month Return0.77 %
1 Year Return80.08 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 268
Rank 285
Rank 213
Dividend Yield
Rank 176
Rank 455
Price To Book Ratio
Debt To Asset
Rank 98

Company Information

Shalimar Paints Ltd. a company primarily incorporated by British entrepreneurs under the name Shalimar Paint Colour Varnish Company in 1902 to takeover the business of The Shalimar Works a company which manufactures paints colour and varnish from its factory at Shalimar and Goabaria in Bengal. It is having plants in Howrah West Bengal Nasik Maharashtra and SikandrabadDist.Bulandsahar Uttar Pradesh.Courtalds Coatings UK was the holding company and it holds majority shareholding through its subsidiary International Paint Company UK. It became a private limited company in 1956 and later on in 1961 it was converted into a public limited company. The company acquired its present name in 1963. Courtalds slowly started disinvesting since 1978 and finally in 1989 it fully disinvested its stake and maintained only its technical and marketing collaboration with the Indian company till 1994. The Courtalds stake was acquired by G Jhunjhunwala a HongKong based NRI 20 and the Delhibased O P Jindal group 42.The company has three product segments industrial marine and architectural paint segments. It also manufactures varnishes resins etc. The company has two manufacturing units one at Howrah West Bengal and the other at Nashik Maharashtra. 90 of its raw materials are obtained from Kerala Mining and Materials KMML.The company diversified in 1993 into aviation coatings. It also launched a premium range of wall finisher Hussain Collections in the decorative sector. It also entered into a technical collaboration with Salchi Italy to manufacture solvent borne industrial paints. A joint venture company Grace Shalimar P Ltd has been formed with W R Grace Co to produce 2000 tpa of packaging coatings for which a new plant will be set up at Nashik.In 19992000 the company introduced two new products MELA an acrylic distemper and XTRA a premium 100 acrylic exterior finish paint. In 200001 the company has entered into a tieup with Creanova a world leader in colorants and in 200102 the company launched colour tinting system business under the brand name of Color Space. Several new products including RoadcoatShaktiman were introduced during 200102.
OrganisationShalimar Paints Ltd