Shalimar Paints Ltd

Q3 FY22Consumer Durables

Shalimar Paints Q3 FY22: Revenue ₹96.5 Cr, EBITDA margin 6.2%

Q3 FY22 investor presentation: what the company reported on revenue, margins and projects.

Price₹77

Market cap₹677 Cr

Updated24 Sept 2026

Read4 min read

Based on Shalimar Paints Ltd's Q3 FY22 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

Revenue from Operations for Q3 FY22: ₹96.5 Cr, up 4% from ₹92.5 Cr in Q3 FY21. Q3 FY22 EBITDA: -6.0 Cr vs.

From Shalimar Paints Ltd's Q3 FY22 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Revenue from Operations for Q3 FY22: ₹96.5 Cr, up 4% from ₹92.5 Cr in Q3 FY21.
Volume figures are not explicitly mentioned for the quarter.
Revenue growth driven by both Industrial and Decorative segments.
Price hike of 7%-10% in the quarter compared to previous quarter, and ~20% compared to same period last year to partially offset raw material cost increases.
Raw material prices increased more than 50%, affecting gross profit and margins.
Company will decide future pricing strategy in coming quarters based on raw material trends.

2 more points management made on revenue & sales performance

Profitability & Margins

Q3 FY22 EBITDA: -6.0 Cr vs. 5.8 Cr in Q3 FY21 (Year-on-year decline)
EBITDA Margin: -6.2% (calculated from Revenue 96.5 Cr and EBITDA -6.0 Cr) vs. 6.3% in Q3 FY21 (significant contraction)
Operating Profit (EBIT): -6.9 Cr in Q3 FY22 vs. 2.5 Cr in Q3 FY21 (year-on-year decline)
Profit After Tax (PAT): -15.2 Cr in Q3 FY22 vs. -7.0 Cr in Q3 FY21 (worsened loss)
PAT Margin: approx. -15.7% in Q3 FY22 vs. -7.6% in Q3 FY21
Revenue Growth: +4% year-on-year in Q3 FY22 vs. Q3 FY21
Margin Outlook:
The presentation notes raw material cost inflation has pressured gross profit and margins.
A price hike of 7–10% QoQ and ~20% YoY was taken to partly offset increased input costs.
Future pricing strategy will be decided based on raw material trends.

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 investor presentation does not explicitly detail any specific capex, capacity expansion plans, new plants, project amounts, statuses, or timelines. There is no direct mention of capital expenditure or new project developments in the slides provided. The focus is primarily on financial performance, business strategies, supply chain improvements, segment-wise performance, CSR initiatives, and partnerships. Key relevant points that imply operational improvements but without explicit capex details include: - Improvement in supply chain and product mix to improve efficiencies (Slide 11-12) - Strategic focus on Industrial and Decorative segments growth (Slide 8-10)

2 more points management made on capital expenditure plans

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

5x potential

1Nanta Tech₹190 Cr

Rev 1Mar 1

2Visdem Technosys₹96 Cr

Rev 1Mar 1

3₹2.5K Cr

Rev 1Mar 2

4₹1.7K Cr

Rev 1Mar 3

5₹1.7K Cr

Rev 1Mar 3

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

Fundraising & Capital Structure

The presentation does not explicitly mention any new fundraising through debt or equity.
Borrowings figures in the balance sheet (Page 20) show a slight increase in non-current borrowings from Rs.18.2 Cr in Mar-20 to Rs.24.1 Cr in Mar-21, while current borrowings decreased slightly from Rs.100.7 Cr to Rs.99.6 Cr over the same period.
Net debt to equity ratios have improved from 1.1 in Mar-20 to 0.5 in Mar-21, indicating reduced net debt (Page 22).
Cash and cash equivalents decreased dramatically from Rs.85.8 Cr in Mar-19 to Rs.2.7 Cr in Mar-21, reflecting cash flow changes but no direct indication of capital raise.

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 report any details on order book, order inflow, or pending orders. There is no mention or disclosure of these specific metrics anywhere in the document. The presentation primarily covers: - Financial performance including revenue, profit & loss, cash flow, and balance sheet statements. - Business segment performance in Decorative and Industrial paints. - Strategic initiatives such as supply chain management improvement, growth strategies, and product development.

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.

Full financials →

What Shalimar Paints Ltd's management said in earlier quarters

Others in Consumer Durables this season

Butterfly Gandhimathi Appliances Ltd (Q3 FY22)
258.5 crore, down 13.2% YoY from Rs. Key concall takeaways from Butterfly Gandhimathi Appliances Ltd's Q3 FY22 earnings call — and how it ranks against sector…

Compare:vs Titan Company Ltd vs Asian Paints vs LG Electronics

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Shalimar Paints Ltd Q3 FY22 results?

Revenue from Operations for Q3 FY22: ₹96.5 Cr, up 4% from ₹92.5 Cr in Q3 FY21. Q3 FY22 EBITDA: -6.0 Cr vs.

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 investor presentation does not explicitly detail any specific capex, capacity expansion plans, new plants, project amounts, statuses, or timelines.

Keep Shalimar Paints Ltd on your radar — track it to get its next earnings analysis in your feed.

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.