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Shalimar Paints Q2 results, quarter to Sep 2026

NSE: SHALPAINTSBSE: 509874Consumer DurablesSmall Cap

Shalimar Paints Limited · Face value ₹2 · Listed May 1987 on BSE, Mar 2008 on NSE
Last close ₹81.31down ₹0.35 (0.43%)BSE ₹81.47

Share price at the NSE close on 28 Oct 2026. Previous close ₹81.66.

28 Oct: open ₹82.36, high ₹83.69, low ₹79.67

52-week range of traded prices to 28 Oct 2026
₹35.21Low, 30 Mar 2026₹95.95High, 17 Aug 2026
Market cap
₹681 Cr1,891st largest listed
P/E
Lossover the last 12 months
P/B
3.41
Dividend yield
Nonein the last 12 months
ROE
Assets held for saleon the latest balance sheet
ROCE
Assets held for saleon the latest balance sheet
Debt to equity
Assets held for saleon the latest balance sheet
Volume, NSE
40,978

Shalimar Paints filed its Q2 results for the quarter to Sep 2026 on 28 Oct 2026 at 6:22 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.Shalimar Paints annual results and balance sheet

Revenue
₹116 Cr−13.6% on a year ago · −16.0% on the quarter before
Operating profit
−₹23 Cr
Net profit
−₹33 Cr
Earnings per share
−₹3.89
Operating margin
−19.9%
Net margin
−28.1%

From revenue to net profit, ₹ crore

  1. Revenue116
  2. Materials and goods−90
  3. Employee costs−18
  4. Other expenses−30
  5. Operating profit−23
  6. Depreciation−5.1
  7. Other income+0.8
  8. Finance costs−5.3
  9. Profit before tax−33
  10. Tax0.0
  11. Net profit−33

Shalimar Paints results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
146−12Dec 23144−26Mar 24128−27Jun 24145−20Sep 24148−24Dec 24178−9.5Mar 25155−17Jun 25134−14Sep 25131−27Dec 25156−7.4Mar 26138−21Jun 26116−33Sep 26
Peak revenue ₹178 Cr, quarter to Mar 2025; lowest ₹116 Cr, quarter to Sep 2026A loss in 12 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
1.3%−28.1%−4.8%−15.6%−16.5%−8.9%−10.3%−4.1%−4.9%−4.7%−8.1%1.3%−8.8%−19.9%−7.9%−18.3%−21.1%−13.6%−16.2%−5.4%−10.8%−10.6%−20.3%−4.7%−15.4%−28.1%Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 26
₹ croreDec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023Jun 2023Q1Sep 2023Dec 2023Q3Mar 2024Jun 2024Q1Sep 2024Dec 2024Q3Mar 2025Q4Filed 26 MayJun 2025Q1Sep 2025Q2Dec 2025Q3Mar 2026Q4Filed 28 MayJun 2026Q1Sep 2026Q2Filed 28 Oct
Revenue from operations96106110111129136126119146144128145148178155134131156138116
102105113115130142130139153167150158163185162140142154150139
Materials and goods bought73758083959886911011119310610912810789901019890
Employee costs119121314151719192122202017191817141818
Other expenses1821211921292729333534323540363435393430
Operating profit before depreciation−60−3−5−1−6−5−20−7−22−21−13−15−7−8−6−112−12−23
Operating margin−6.2%0.2%−3.1%−4.3%−0.4%−4.5%−3.7%−16.9%−4.8%−15.6%−16.5%−8.9%−10.3%−4.1%−4.9%−4.7%−8.1%1.3%−8.8%−19.9%
Depreciation and amortisation33333333444444555555
Other income32211322231117231111
Finance costs66444444223455667655
Profit before one-off items and tax−13−7−10−11−6−10−10−26−12−26−27−20−24−10−17−14−22−8−21−33
One-off items−2−600000000000000−5000
Profit before tax−15−13−10−11−6−10−10−26−12−26−27−20−24−10−17−14−27−8−21−33
Tax00000000000000000000
Net profit−15−13−10−11−6−10−10−26−12−26−27−20−24−10−17−14−27−7−21−33
Other comprehensive income−20000000000001–00120
Total comprehensive income−17−12−10−11−6−9−11−26−11−26−27−19−24−8–−14−27−7−20−32
Net margin−15.8%−12.1%−8.8%−9.7%−4.8%−7.1%−8.2%−21.5%−7.9%−18.3%−21.1%−13.6%−16.2%−5.4%−10.8%−10.6%−20.3%−4.7%−15.4%−28.1%
Earnings per share−₹2.81−₹2.27−₹1.33−₹1.49−₹0.86−₹1.33−₹1.42−₹3.55−₹1.40−₹3.16−₹3.23−₹2.34−₹2.86−₹1.14–−₹1.69−₹3.18−₹0.88−₹2.54−₹3.89
Earnings per share in rupees, restated for later splits and bonuses.

The quarter to Jun 2025 was restated in the company's filing of 12 Nov 2025. The table shows the restated figures.