Shalimar Paints: Should You Buy, Hold, or Sell Right Now?
- September 3, 2026
- Posted by: Kunal Singla
- Category: Market
Shalimar Paints share price Rs 81.55 (NSE), up 5% today at the upper circuit. 52-week range Rs 34.37 to Rs 96.66. Q1 FY27 net loss widened to Rs 21.26 crore.
Quick Answer
Shalimar Paints Ltd share price is trading around Rs 82, up 5 percent today and more than double its 52-week low of Rs 34.37, though still below its 52-week high of Rs 96.66. Q1 FY27 revenue fell 11.2 percent year on year to Rs 138.61 crore, and the net loss widened to Rs 21.26 crore from Rs 16.77 crore a year earlier, continuing a sustained pattern of losses for this legacy paint manufacturer. Available data does not identify a specific catalyst behind today’s sharp gain, so investors should treat this move with caution given the company’s continued deteriorating fundamentals rather than assume it reflects any confirmed turnaround.
Shalimar Paints share price is trading around Rs 82, up 5 percent today, more than double its 52-week low of Rs 34.37 but still below its 52-week high of Rs 96.66. Given the company’s continued losses even as the stock rallies today, this article looks carefully and plainly at whether Shalimar Paints is a stock to buy on today’s momentum, a hold, or a sell given the sustained financial distress.
This Shalimar Paints stock analysis presents the Q1 FY27 numbers plainly, notes today’s price move without speculating on an unconfirmed cause, and walks through valuation, shareholding pattern and the technical setup, using figures sourced from company disclosures and public filings.
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About Shalimar Paints
Keep this backdrop in mind when reading the rest of this Shalimar Paints share price review. Before deciding on Shalimar Paints share price, it helps to understand the underlying business. Shalimar Paints Ltd. is one of India’s oldest paint manufacturers, producing decorative and industrial paints and coatings, though the company has faced significant competitive pressure from larger, better-capitalised paint companies in recent years, reflected in its sustained losses.
The Indian decorative paints industry has seen intense competitive activity, with large diversified conglomerates investing heavily in distribution and marketing, a dynamic that has weighed particularly hard on smaller, legacy paint manufacturers like Shalimar Paints that lack the scale to match this investment.
Shalimar Paints Share Price Today: Key Levels
The table below summarises where Shalimar Paints share price stands right now against its recent trading range and market value.
| Metric | Value |
|---|---|
| Shalimar Paints CMP (NSE) | Rs 81.55 |
| Shalimar Paints CMP (BSE) | Rs 82.07 |
| Day’s Change | +5.0% (Rs +3.88), upper circuit |
| 52-Week High | Rs 96.66 |
| 52-Week Low | Rs 34.37 |
| Market Capitalisation | Approximately Rs 654 crore |
| NSE Volume (latest session) | 79,702 shares |
Shalimar Paints share price hit its upper circuit today, more than doubling from its 52-week low over the past year, even as the company continues to report widening losses and declining revenue.
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Shalimar Paints Financial Performance
Track this line item closely if you are following Shalimar Paints share price closely. The Shalimar Paints share price trend is closely tied to how these numbers evolve each quarter. Shalimar Paints reported Q1 FY27 (June 2026 quarter) revenue of Rs 138.61 crore, down 11.2 percent year on year from Rs 156.12 crore, with the net loss widening to Rs 21.26 crore from Rs 16.77 crore in the same quarter a year earlier. This continued a sustained loss-making pattern across recent quarters.
For the full year FY26, the company reported revenue of Rs 582.15 crore, down from Rs 609.65 crore in FY25, with a net loss of Rs 64.95 crore, narrower than the Rs 81.17 crore loss in FY25, showing the loss has narrowed somewhat on a full-year basis even as the most recent quarter’s loss widened year on year.
| Period | Revenue | Net Profit | Comment |
|---|---|---|---|
| Q1 FY27 (Jun 2026) | Rs 138.61 crore | Net loss Rs 21.26 crore | Revenue -11.2%, loss widened from Rs 16.77 crore YoY |
| FY26 (full year) | Rs 582.15 crore | Net loss Rs 64.95 crore | Loss narrowed from Rs 81.17 crore in FY25 |
Valuation Check: Is Shalimar Paints Share Price Expensive?
It is one of the clearest signals available on Shalimar Paints share price today. Any view on Shalimar Paints share price should start from these valuation multiples. Because Shalimar Paints continues to report net losses, with a negative trailing EPS of Rs -8.30, the price to earnings ratio is not meaningful here. Return on equity stands at negative 25.86 percent, reflecting the scale of losses relative to the company’s equity base.
The price to book ratio stands at a rich 4.59 times despite the ongoing losses, an unusual combination that suggests the market may be pricing in some turnaround expectation, an acquisition possibility, or simply reflects the low absolute book value per share of Rs 17.02 rather than a conventional value signal.
Technical Signals: What the Chart Shows
Price action here often foreshadows the next move in Shalimar Paints share price. Shalimar Paints share price hit its upper circuit today, up 5 percent to around Rs 82, more than double its 52-week low of Rs 34.37 over the past year. Available public data does not identify a specific news catalyst behind today’s move, and given the company’s continued widening quarterly losses, investors should treat this rally with caution rather than assume it reflects a confirmed change in the underlying business.
Trading volumes were notably heavy today, so investors should watch for any company disclosures that might explain the move, rather than assuming today’s price action reflects improving fundamentals at these technical levels.
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Shareholding Pattern
Shifts here can influence Shalimar Paints share price more than headline news on some sessions. Shalimar Paints is one of India’s oldest paint manufacturers, with an established but competitively pressured position in the industry. A detailed current promoter, FII and DII percentage breakdown was not consistently available across sources at the time of writing and should be verified on the company’s latest exchange filing.
Why Investors Are Watching Shalimar Paints
- Long-established paint manufacturing heritage: As one of India’s oldest paint companies, Shalimar Paints has decades of brand recognition and manufacturing experience.
- Narrowing full-year losses: Full-year FY26 losses narrowed from FY25, showing some incremental improvement even as the most recent quarter’s loss widened.
- Potential turnaround or corporate action speculation: Today’s sharp rally on heavy volume, even without a confirmed public catalyst, could reflect market speculation about a turnaround plan or corporate development.
- Small, potentially acquirable scale: As a smaller legacy paint company, Shalimar Paints’ modest scale could make it a candidate for strategic consolidation in a competitive industry, though this is speculative.
Risks and Factors to Watch
- Widening quarterly losses: The Q1 FY27 net loss widened to Rs 21.26 crore from Rs 16.77 crore a year earlier, a clearly concerning trend for the latest quarter.
- Declining revenue: Q1 FY27 revenue fell 11.2 percent year on year, indicating the company continues to lose ground competitively.
- Intense competition from large, well-capitalised paint companies: Shalimar Paints faces significant competitive pressure from larger diversified paint conglomerates investing heavily in distribution and marketing.
- Unexplained sharp price move: Today’s rally lacks a clearly identified public catalyst, and investors should be cautious about reading too much into price action without confirmed fundamental news.
Shalimar Paints Share Price Target: What the Data Suggests
Until then, Shalimar Paints share price remains best tracked through live, verified data rather than a single fixed number. Given Shalimar Paints’ continued net losses and declining revenue, conventional analyst price targets based on earnings multiples are not meaningful, and any published targets should be treated with significant caution.
Investors considering this stock should track the Univest Screener for the latest quarterly disclosures and any company announcements that might explain recent price volatility, and should consult a SEBI-registered investment adviser given the elevated financial risk involved.
Shalimar Paints: Should You Buy, Hold, or Sell Right Now?
This is the core question behind Shalimar Paints share price right now. The Shalimar Paints buy or sell decision requires weighing continued financial distress against today’s unexplained rally.
The case for buying: Only risk-tolerant investors who specifically believe in a turnaround or potential corporate action, and who are comfortable acting without a confirmed public catalyst for today’s rally, may consider a small, carefully sized position.
The case for holding: Existing shareholders who already accept this risk profile may choose to continue monitoring for confirmed news before making further decisions.
The case for waiting: Most investors, particularly those seeking conventional value or growth characteristics, would reasonably prefer to avoid this stock given the widening losses and declining revenue, waiting for confirmed positive news before reconsidering.
This is a clearly high-risk stock given the continued losses and today’s unexplained price move, so any decision here should be sized very conservatively and made only after consulting a SEBI-registered investment adviser.
Conclusion
Shalimar Paints share price rallied to its upper circuit today without a clearly identified public catalyst, even as the company continues to report widening quarterly losses and declining revenue. This is a speculative, high-risk stock rather than a conventional investment, and any decision should be approached with particular caution. This article is for informational purposes and not a personalised investment recommendation.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Q1. Is Shalimar Paints a good stock to buy right now?
Ans. Shalimar Paints hit its upper circuit today without a clearly identified public catalyst, even as Q1 FY27 losses widened to Rs 21.26 crore on declining revenue. This is a high-risk, distressed stock suitable only for risk-tolerant investors who specifically understand turnaround or speculative situations.
Q2. Why did Shalimar Paints share price rally today?
Ans. Shalimar Paints share price rallied 5 percent to its upper circuit today, but available public data does not identify a specific news catalyst behind this move, and investors should treat the rally with caution given the company’s continued widening losses.
Q3. What is the Shalimar Paints share price today?
Ans. Shalimar Paints share price is trading around Rs 82 on the NSE, up 5 percent on the day at the upper circuit. The stock’s 52-week high is Rs 96.66 and its 52-week low is Rs 34.37.
Q4. What is the Shalimar Paints share price target?
Ans. Given Shalimar Paints’ continued net losses, conventional analyst price targets are not meaningful for this stock. Investors can check the Univest Screener for the latest disclosures and should consult a SEBI-registered adviser given the elevated risk involved.
Q5. Is Shalimar Paints profitable?
Ans. No, Shalimar Paints continues to report net losses, including Rs 21.26 crore in Q1 FY27, wider than the Rs 16.77 crore loss a year earlier, though full-year FY26 losses did narrow somewhat from FY25.
Q6. What does Shalimar Paints manufacture?
Ans. Shalimar Paints is one of India’s oldest paint manufacturers, producing decorative and industrial paints and coatings, though the company has faced significant competitive pressure from larger paint companies in recent years.
