Shalimar Paints Ltd. (SHALPAINTS) Share Price Rises 19.99% Today

Shalimar Paints Ltd. Share Price rises 19.99% today, reaching Rs 80 with a market cap of Rs 558.1 crore.

Shalimar Paints Ltd. Share Price has experienced a significant rise today, closing at Rs 80, marking a 19.99% increase from the previous close of Rs 66.67. This substantial price rise has propelled the company's market capitalisation to Rs 558.1 crore, placing it firmly within the Micro Cap category.

The surge in Shalimar Paints Ltd.'s share price today is noteworthy, especially given the absence of a clear company-specific catalyst in the supplied data. The stock opened at Rs 69 and reached a high of Rs 80, demonstrating strong upward momentum throughout the trading session. With a total volume of 44,51,247 shares traded, the stock has seen significant investor interest, further highlighting its position as a top gainer in today's market.

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

Metric	Value
Current Price	Rs 80
Previous Close	Rs 66.67
Today's Change	+Rs 13.33 (+19.99%)
Day Open	Rs 69
Day High	Rs 80
Day Low	Rs 68.01
Current Volume (BSE)	1,61,369
BSE Traded Volume	1,61,369
NSE Traded Volume	42,89,878
Combined NSE + BSE Volume	44,51,247
Turnover	Rs 1.29 crore
Market Capitalisation	Rs 558.1 crore
Market Cap Category	Micro Cap

Shalimar Paints Ltd. (SHALPAINTS) traded at Rs 80. versus the previous close of Rs 66.67, a rise of 19.99%. The stock opened at Rs 69, reached Rs 80, touched Rs 68.01. Reported volume was 1,61,369.

Shalimar Paints Ltd. (SHALPAINTS) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 558.1 crore
P/E Ratio	-10.31x
P/B Ratio	2.22x
ROE	-20.12%
ROCE	-1.2%
EPS	Rs -7.76
Dividend Yield	0%

Shalimar Paints Ltd. was valued at a P/E ratio of -10.31x, a P/B ratio of 2.22x. 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 -7.76, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

From a fundamental perspective, Shalimar Paints Ltd. presents a mixed picture. The company's market capitalisation stands at Rs 558.1 crore, positioning it within the Micro Cap category. However, its financial metrics reveal challenges. The company has a negative P/E ratio of -10.31, indicating losses, and a P/B ratio of 2.22. The Return on Equity (ROE) is -20.12%, and the Return on Capital Employed (ROCE) is -1.2%, both reflecting negative returns.

The company's Earnings Per Share (EPS) is -7.76, and it does not currently offer a dividend yield. These figures suggest that Shalimar Paints Ltd. is facing profitability challenges, which may impact investor sentiment. Despite these challenges, the company's position within the Chemicals sector and Paints industry provides opportunities for growth, especially if it can improve its financial performance.

Sector and Industry Context

Metric	Value
Sector	Chemicals
Industry	Paints
Benchmark Scope	same industry
Company P/E Ratio	-10.31x
Benchmark Median P/E	95.11x
Benchmark Average P/E	95.11x
Benchmark P/E Range	95.11x to 95.11x
Company P/B Ratio	2.22x
Benchmark Median P/B	2x
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 309.44 crore

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

Shalimar Paints Ltd. (SHALPAINTS) has a P/E ratio of -10.31x, which is below the benchmark median of 95.11x, a difference of -110.84%. 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 -10.31 is significantly below the industry benchmark median of 95.11. This discrepancy highlights the company's current financial challenges compared to its peers. The company's P/B ratio of 2.22 is at the upper end of the industry range, indicating a relatively higher valuation based on book value.

In terms of profitability, Shalimar Paints Ltd.'s ROE of -20.12% and ROCE of -1.2% are below the industry averages, further emphasizing its current financial struggles. The company's market capitalisation of Rs 558.1 crore is the highest within its benchmark scope, suggesting a larger scale compared to its peers. Despite these challenges, the Paints industry offers potential for growth, driven by increasing demand for construction and infrastructure development.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Retina Paints Ltd.	RETINA	60.78	95.11	1.78	5.05	7.99

Shalimar Paints Ltd. (SHALPAINTS) has a P/E ratio of -10.31x compared with the displayed peer median of 95.11x. 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 the Paints industry, Shalimar Paints Ltd. faces competition from peers such as Retina Paints Ltd. Retina Paints Ltd. has a P/E ratio of 95.11, significantly higher than Shalimar Paints Ltd.'s negative P/E. Retina Paints Ltd. also boasts a higher ROE of 5.05% and ROCE of 7.99%, indicating stronger profitability and operational efficiency.

Shalimar Paints Ltd.'s market capitalisation of Rs 558.1 crore is notably higher than Retina Paints Ltd.'s Rs 60.78 crore, suggesting a larger market presence. However, the company's financial metrics highlight areas for improvement to enhance its competitive position within the industry.

Why Investors Are Watching Shalimar Paints Ltd.

Investors are closely monitoring Shalimar Paints Ltd. due to its recent price rise and market dynamics. The stock's performance today has drawn attention, and several factors contribute to its current position:

• Significant price rise of 19.99% today, reaching Rs 80.
• Strong technical momentum with RSI at 67.63.
• Mixed fundamental performance with negative profitability metrics.
• Largest market capitalisation within its benchmark scope.
• Position within the growing Paints industry.

As investors evaluate Shalimar Paints Ltd., they should consider its financial challenges and potential for growth within the industry. Monitoring the company's efforts to improve profitability and market position will be crucial in assessing its long-term prospects.

About Shalimar Paints Ltd.

Shalimar Paints Ltd. is a prominent player in the Chemicals sector, specifically within the Paints industry. The company is engaged in the manufacturing and distribution of a wide range of paints and coatings, catering to both residential and industrial markets. Shalimar Paints Ltd. offers a diverse portfolio of products, including decorative paints, industrial coatings, and specialty coatings, serving various customer segments.

With a focus on innovation and quality, Shalimar Paints Ltd. aims to meet the evolving needs of its customers. The company's strategic initiatives and market presence position it as a key player in the Paints industry, contributing to its growth potential. As the demand for paints and coatings continues to rise, Shalimar Paints Ltd. is well-positioned to capitalize on emerging opportunities in the market.

Track Shalimar Paints Ltd. Share Price on Univest

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Investors and market enthusiasts can track Shalimar Paints Ltd. Share Price on Univest to stay updated on the latest market developments. Univest provides real-time data on share prices, technical indicators, fundamental ratios, and shareholding patterns. Users can also access insights into 52-week levels and market trends, enabling informed investment decisions.

Frequently Asked Questions

What caused the rise in Shalimar Paints Ltd. Share Price today?

Ans. The Shalimar Paints Ltd. Share Price rose by 19.99% today, reaching Rs 80. The data confirms the price event but does not establish a company-specific catalyst for the rise. The stock moved 19.99% during the session.

How does Shalimar Paints Ltd.'s P/E ratio compare to the industry?

Ans. Shalimar Paints Ltd.'s P/E ratio is -10.31, significantly below the industry benchmark median of 95.11, indicating financial challenges compared to peers. The company trades at a P/E ratio of -10.31x.

What is Shalimar Paints Ltd.'s market capitalisation?

Ans. Shalimar Paints Ltd. has a market capitalisation of Rs 558.1 crore, making it the largest within its benchmark scope in the Paints industry. The company operates in the Chemicals sector.

How does Shalimar Paints Ltd.'s ROE compare to the industry?

Ans. Shalimar Paints Ltd.'s ROE is -20.12%, below the industry average of -7.54%, reflecting financial challenges compared to peers. ROE stands at -20.12%. ROCE stands at -1.2%. The relevant peer median ROE is -7.54%.

How does Shalimar Paints Ltd.'s market cap compare to peers?

Ans. Shalimar Paints Ltd.'s market cap of Rs 558.1 crore is notably higher than its peer Retina Paints Ltd., which has a market cap of Rs 60.78 crore. The company operates in the Chemicals sector.

What is the sector context for Shalimar Paints Ltd.?

Ans. Shalimar Paints Ltd. operates in the Chemicals sector, specifically in the Paints industry, offering growth potential amid rising demand for construction and infrastructure. The stock belongs to the Chemicals sector.