Shalimar Paints Ltd

Q3 FY21Consumer Durables

Shalimar Paints Q3 FY21 earnings call: Revenue & Margins

Q3 FY21 investor presentation: what the company reported on revenue, margins and projects.

Price₹77

Market cap₹677 Cr

Updated24 Sept 2026

Read3 min read

Based on Shalimar Paints Ltd's Q3 FY21 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q3 FY21 Total Revenue: Rs. EBITDA (Q3 FY21): Rs.

From Shalimar Paints Ltd's Q3 FY21 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Q3 FY21 Total Revenue: Rs. 92.55 Cr (Consolidated), Rs. 92.63 Cr (Standalone), up ~20.27% (Consolidated) and 20.25% (Standalone) quarter-on-quarter.
Total Sales Volume Q3 FY21: 11,471 KL; increase of approximately 322 KL (3%) compared to Q3 FY20.
Net increase in sales volume Q3 FY21 vs Q2 FY21: approx. 2,000 KL, a 21.05% rise.
Segment-wise revenue: Decorative Paints grew by 4.49% YoY in Q3 FY21; Industrial Paints segment down due to COVID-19 but showed V-shaped recovery; Industrial segment grew by 10% Q-o-Q in Q3 FY21.

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA (Q3 FY21): Rs. 5.80 crore (Consolidated), Rs. 5.88 crore (Standalone)
Increased by ~25% QoQ (Q3 vs Q2 FY21)
Operating Margin:
Implied from revenue and EBITDA: Q3 FY21 Total Revenue Rs. ~92.55 crore; EBITDA Rs. ~5.8 crore → Operating margin ~6.26% (5.8/92.55)
Profit After Tax (PAT):
Consolidated PAT Q3 FY21: Rs. -7.03 crore
Standalone PAT Q3 FY21: Rs. -6.94 crore
Year-on-Year (YoY) Change:
No explicit YoY PAT or EBITDA % change provided; Q3 FY21 PAT still negative but improved QoQ
Margin Outlook:

2 more points management made on profitability & margins

See what Shalimar Paints Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation "2957.pdf" does not explicitly detail any capex, capacity expansion, or new plant/project with specific amounts, status, or timelines. It focuses primarily on sales, production, financial performance, market overview, key customers, and product segments. No direct references to ongoing or planned capital expenditures or capacity expansions are provided in the content of the slides.

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The investor presentation does not explicitly mention any fundraising through debt or equity, nor does it detail any changes in borrowings or net debt. Based on the content: - Interest expenses are reported in the financial summaries, showing slight fluctuations quarter-on-quarter (e.g., Interest Expenses at Rs. 4.91 Cr in Q3 FY21 standalone). - No explicit mention of raising funds via debt or equity.

2 more points management made on fundraising & capital structure

See what Shalimar Paints Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly mention any details about the order book, order inflow, or pending orders. Specifically: - There is no direct reference to the size or value of the order book. - No information is provided on order inflow or new orders received during the reported periods.

2 more points management made on order book & pipeline

Shalimar Paints Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹156 Cr, net loss ₹7 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Shalimar Paints Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Shalimar Paints Ltd Q3 FY21 results?

Q3 FY21 Total Revenue: Rs. EBITDA (Q3 FY21): Rs.

What is Shalimar Paints Ltd share price analysis?

Shalimar Paints Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹677 Cr. Investors should review the full earnings analysis for detailed insights.

Is Shalimar Paints Ltd planning capital expenditure?

The presentation "2957.pdf" does not explicitly detail any capex, capacity expansion, or new plant/project with specific amounts, status, or timelines.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.