Financials Shalimar Paints Limited

Equities

SHALPAINTS

INE849C01026

Commodity Chemicals

Market Closed - Bombay S.E. 06:00:49 2024-04-29 am EDT 5-day change 1st Jan Change
171 INR +1.94% Intraday chart for Shalimar Paints Limited -2.09% -3.74%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 2,615 4,358 2,674 5,300 8,467 9,858
Enterprise Value (EV) 1 4,217 4,973 3,845 6,532 8,223 10,195
P/E ratio -5.74 x -5.33 x -7 x -10.6 x -10.2 x -27.2 x
Yield - - - - - -
Capitalization / Revenue 0.96 x 1.52 x 0.78 x 1.63 x 2.36 x 2.03 x
EV / Revenue 1.56 x 1.73 x 1.12 x 2.01 x 2.3 x 2.1 x
EV / EBITDA -12.2 x -7.99 x -11.2 x 290 x -34.1 x -60.7 x
EV / FCF 17.5 x -4.96 x -8.68 x 920 x -22.1 x -15.9 x
FCF Yield 5.72% -20.2% -11.5% 0.11% -4.52% -6.3%
Price to Book 1.89 x 1.43 x 0.98 x 2.38 x 2.28 x 2.8 x
Nbr of stocks (in thousands) 18,946 53,641 54,300 54,300 72,217 72,217
Reference price 2 138.0 81.25 49.25 97.60 117.2 136.5
Announcement Date 7/17/18 8/31/19 9/4/20 9/6/21 9/7/22 9/5/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 2,712 2,876 3,439 3,256 3,581 4,856
EBITDA 1 -345.9 -622.1 -343.7 22.53 -241.3 -168
EBIT 1 -420.6 -703.4 -443.8 -97.03 -359.3 -274.5
Operating Margin -15.51% -24.46% -12.91% -2.98% -10.03% -5.65%
Earnings before Tax (EBT) 1 -673.7 -1,091 -561.6 -237.8 -642.3 -361.5
Net income 1 -455.6 -817.4 -381.8 -498.6 -642.3 -361.5
Net margin -16.8% -28.42% -11.1% -15.32% -17.94% -7.44%
EPS 2 -24.04 -15.24 -7.032 -9.183 -11.46 -5.010
Free Cash Flow 1 241.1 -1,002 -442.9 7.101 -371.4 -642.3
FCF margin 8.89% -34.85% -12.88% 0.22% -10.37% -13.23%
FCF Conversion (EBITDA) - - - 31.52% - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 7/17/18 8/31/19 9/4/20 9/6/21 9/7/22 9/5/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,602 614 1,171 1,232 - 337
Net Cash position 1 - - - - 244 -
Leverage (Debt/EBITDA) -4.631 x -0.9875 x -3.408 x 54.69 x - -2.007 x
Free Cash Flow 1 241 -1,002 -443 7.1 -371 -642
ROE (net income / shareholders' equity) -28.3% -36.9% -13.2% -20.1% -21.6% -10.3%
ROA (Net income/ Total Assets) -5.11% -8.09% -4.91% -1.17% -3.83% -2.7%
Assets 1 8,914 10,106 7,780 42,717 16,793 13,382
Book Value Per Share 2 72.90 56.90 50.30 41.10 51.50 48.80
Cash Flow per Share 2 8.220 16.00 0.5200 0.4900 22.80 2.940
Capex 1 144 315 328 33.5 48.2 112
Capex / Sales 5.33% 10.96% 9.53% 1.03% 1.35% 2.3%
Announcement Date 7/17/18 8/31/19 9/4/20 9/6/21 9/7/22 9/5/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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