Shalimar Paints Ltd. (SHALPAINTS) Share Price Rises 9.25% Today

Shalimar Paints Ltd. Share Price rises 9.25% today, reaching Rs 87.4 with a market cap of Rs 558.1 crore.

Shalimar Paints Ltd. Share Price has experienced a notable rise today, increasing by 9.25% to reach Rs 87.4. This significant price movement places the company's market capitalisation at Rs 558.1 crore. As a micro-cap stock, Shalimar Paints Ltd. While the data confirms the price rise, it does not establish a specific catalyst behind this movement. Investors and analysts alike are keen to understand the factors contributing to this surge in share price.

The company's performance today is particularly noteworthy given its position within the micro-cap category, where a 9.25% increase is substantial. This event has drawn attention to Shalimar Paints Ltd., prompting a closer examination of its technical and fundamental indicators. The stock's rise comes amidst a broader context of market dynamics and sector performance, making it a focal point for investors seeking opportunities in the chemicals sector.

Shalimar Paints Ltd. (SHALPAINTS) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 87.4
Previous Close	Rs 80
Today's Change	+Rs 7.4 (+9.25%)
Day Open	Rs 83.6
Day High	Rs 88.7
Day Low	Rs 83.1
Current Volume (BSE)	2,65,116
BSE Traded Volume	2,65,116
NSE Traded Volume	18,73,321
Combined NSE + BSE Volume	21,38,437
Turnover	Rs 2.32 crore
Market Capitalisation	Rs 558.1 crore
Market Cap Category	Micro Cap

Shalimar Paints Ltd. (SHALPAINTS) traded at Rs 87.4. versus the previous close of Rs 80, a rise of 9.25%. The stock opened at Rs 83.6, reached Rs 88.7, touched Rs 83.1. Reported volume was 2,65,116.

Shalimar Paints Ltd. (SHALPAINTS) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 558.1 crore
P/E Ratio	-11.55x
P/B Ratio	2.82x
ROE	-20.12%
ROCE	-1.2%
EPS	Rs -7.57
Dividend Yield	0%

Shalimar Paints Ltd. was valued at a P/E ratio of -11.55x, a P/B ratio of 2.82x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of -20.12% and ROCE of -1.2%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs -7.57, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Shalimar Paints Ltd. has a market capitalisation of Rs 558.1 crore, positioning it within the micro-cap category. The company's price-to-earnings (P/E) ratio is -11.55, reflecting negative earnings, while the price-to-book (P/B) ratio stands at 2.82. The return on equity (ROE) is -20.12%, and the return on capital employed (ROCE) is -1.2%, indicating challenges in profitability and capital efficiency.

The company's earnings per share (EPS) is -7.57, highlighting the negative earnings attributable to each share. Despite these challenges, the book value per share is not provided, limiting further insights into the company's net worth per share. The dividend yield is 0, indicating no historical payout to shareholders. These fundamental metrics suggest that while the company faces profitability challenges, its valuation relative to book value remains a point of interest for investors.

Sector and Industry Context

Metric	Value
Sector	Chemicals
Industry	Paints
Benchmark Scope	same industry
Company P/E Ratio	-11.55x
Benchmark Median P/E	97.51x
Benchmark Average P/E	97.51x
Benchmark P/E Range	97.51x to 97.51x
Company P/B Ratio	2.82x
Benchmark Median P/B	2.32x
Company ROE	-20.12%
Benchmark Median ROE	-7.54%
Company ROCE	-1.2%
Benchmark Median ROCE	3.4%
Company Market Capitalisation	Rs 558.1 crore
Benchmark Median Market Cap	Rs 310.21 crore

Shalimar Paints Ltd. (SHALPAINTS) is classified under sector: Chemicals and industry: Paints.

Shalimar Paints Ltd. (SHALPAINTS) has a P/E ratio of -11.55x, which is below the benchmark median of 97.51x, a difference of -111.84%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Shalimar Paints Ltd. (SHALPAINTS) has a ROE of -20.12%, which is below the benchmark median of -7.54%, a difference of -166.84%. Shalimar Paints Ltd. (SHALPAINTS) has a ROCE of -1.2%, which is below the benchmark median of 3.4%, a difference of -135.29%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Shalimar Paints Ltd. operates within the chemicals sector, specifically in the paints industry. The sector snapshot reveals that the company's P/E ratio of -11.55 is significantly below the industry benchmark median of 97.51, indicating a valuation challenge. The P/B ratio of 2.82 is at the upper end of the industry range, suggesting a relatively higher valuation compared to peers.

The company's ROE of -20.12% and ROCE of -1.2% are below the industry medians of -7.54% and 3.4%, respectively, highlighting profitability and efficiency challenges. The market capitalisation of Rs 558.1 crore places Shalimar Paints Ltd. at the higher end of the industry range, with the benchmark median at Rs 310.21 crore. This context underscores the company's position within the sector and the challenges it faces in terms of valuation and profitability.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Retina Paints Ltd.	RETINA	62.31	97.51	1.82	5.05	7.99

Shalimar Paints Ltd. (SHALPAINTS) has a P/E ratio of -11.55x compared with the displayed peer median of 97.51x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of -20.12% compares with a peer median of 5.05% across the companies shown in the table. ROCE stood at -1.2% versus the displayed peer median of 7.99%, providing a capital-efficiency comparison. Shalimar Paints Ltd. (SHALPAINTS) has a market capitalisation of Rs 558.1 crore. Among the 1 peers shown, 0 have a larger market capitalisation.

In comparison to its peer, Retina Paints Ltd., Shalimar Paints Ltd. shows distinct differences in valuation and profitability metrics. Retina Paints Ltd. has a P/E ratio of 97.51, significantly higher than Shalimar Paints Ltd.'s -11.55, indicating stronger earnings. The P/B ratio of Retina Paints Ltd. is 1.82, lower than Shalimar Paints Ltd.'s 2.82, suggesting a more conservative valuation.

Retina Paints Ltd. also outperforms in terms of ROE and ROCE, with values of 5.05% and 7.99%, respectively, compared to Shalimar Paints Ltd.'s negative figures. The market capitalisation of Retina Paints Ltd. is Rs 62.31 crore, significantly lower than Shalimar Paints Ltd., highlighting the latter's larger market presence despite profitability challenges.

Why Investors Are Watching Shalimar Paints Ltd.

Investors are closely monitoring Shalimar Paints Ltd. due to its recent price rise and market dynamics. The company's technical position and fundamental metrics provide a mixed outlook, prompting further analysis.

• Price Action: 9.25% rise today, reaching Rs 87.4.
• Technical Position: RSI at 67.63, indicating strong momentum.
• Fundamental Context: Negative earnings with a P/E of -11.55.
• Sector Positioning: Operates in the chemicals sector, facing valuation challenges.

Investors should continue to monitor Shalimar Paints Ltd.'s performance, focusing on its ability to improve profitability and efficiency within the competitive paints industry.

About Shalimar Paints Ltd.

Shalimar Paints Ltd. is a prominent player in the chemicals sector, specifically within the paints industry. The company is involved in the manufacturing and distribution of a wide range of paints and coatings, catering to various segments including decorative and industrial applications. With a focus on innovation and quality, Shalimar Paints Ltd. aims to meet the diverse needs of its customers across India.

The company's product portfolio includes a variety of paints, enamels, and coatings designed for different surfaces and environments. Shalimar Paints Ltd. has established a strong presence in the Indian market, leveraging its expertise and experience to deliver high-quality products. Despite facing challenges in profitability, the company continues to explore opportunities for growth and expansion within the competitive paints industry.

Track Shalimar Paints Ltd. Share Price on Univest

Use Shalimar Paints Ltd. (SHALPAINTS) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors can track Shalimar Paints Ltd. Share Price on Univest for real-time updates and insights. Univest provides comprehensive data on share price movements, technical indicators, fundamental ratios, and shareholding patterns. Users can also access information on 52-week highs and lows, as well as market insights to make informed investment decisions. Stay updated with the latest developments and trends in the market by following Shalimar Paints Ltd. on Univest.

Frequently Asked Questions

What is the current share price of Shalimar Paints Ltd.?

Ans. The current share price of Shalimar Paints Ltd. is Rs 87.4, reflecting a 9.25% increase from the previous close of Rs 80. The stock moved 9.25% during the session. The intraday range extended from Rs 83.1 to Rs 88.7.

How much did Shalimar Paints Ltd. share price rise today?

Ans. Shalimar Paints Ltd. share price rose by 9.25% today, marking a significant gain in the market. The stock moved 9.25% during the session. The intraday range extended from Rs 83.1 to Rs 88.7.

What is the market capitalisation of Shalimar Paints Ltd.?

Ans. The market capitalisation of Shalimar Paints Ltd. is Rs 558.1 crore, positioning it within the micro-cap category. The company operates in the Chemicals sector. Its P/E ratio is -11.55x. ROE is -20.12% and ROCE is -1.2%.

What is the P/E ratio of Shalimar Paints Ltd.?

Ans. Shalimar Paints Ltd. has a P/E ratio of -11.55, indicating negative earnings relative to its share price. The company trades at a P/E ratio of -11.55x. Its P/B ratio is 2.82x.

How does Shalimar Paints Ltd. compare to its peers?

Ans. Compared to Retina Paints Ltd., Shalimar Paints Ltd. has a lower P/E ratio and faces profitability challenges, despite a larger market cap. Comparable listed companies include Retina Paints Ltd. The peer median P/E is 97.51x.

What is the ROE of Shalimar Paints Ltd.?

Ans. The ROE of Shalimar Paints Ltd. is -20.12%, reflecting challenges in generating returns on equity. ROE stands at -20.12%. ROCE stands at -1.2%. The relevant peer median ROE is -7.54%.