Risk factor
Very poor trading liquidity
Profitability factor
Very low or no dividends
About
Shalimar Paints Ltd. is an Indian enterprise primarily involved in the production, sale, and supply of various paint and coating solutions throughout the country. Its comprehensive product range includes decorative finishes suitable for both indoor and outdoor applications, specialized industrial coatings, and marine paints, such as antifouling formulations. Additionally, the company provides protective packaging coatings designed for metallic surfaces, alongside a full spectrum of emulsions, distempers, primers, putties, enamels, varnishes, and lacquers. These products are sold under recognizable brand names like Weather Pro, Xtra Tough Premier, Shaktiman, Signature, Stay Clean, Superlac Advance, No 1 Silk and Master, and NO.1 Distemper. Established in 1902, the company initially operated as Shalimar Paint Colour & Varnish Co. Ltd., adopting its current name, Shalimar Paints Limited, in September 1963. The firm maintains its headquarters in Gurugram, India.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers.