Shalimar Paints Ltd

Shalimar Paints Ltd FY26 Financial Snapshot 📉 | CARE Ratings Reaffirmed

- CARE Ratings reaffirmed: Long Term Bank Facilities at CARE BB+ (Negative) for ₹135.88 crores; Short Term at CARE A4+ for ₹0.67 crores.

- FY26 Revenue: ₹569.03 crore (down from ₹599.25 crore in FY25).

- Operating loss: ₹20.81 crore.

- Liquidity strain: ₹7.24 crore cash vs ₹18.30 crore repayment due in FY27.

- Promoter (Hella) holds 52.85% stake, providing financial support.

- Paint industry dominated by top 4 players (75% market share).

- Raw material costs: 55-65% of operating income, tying profits to crude oil volatility.