Shalimar Paints Ltd.

Financial

	Shalimar Paints	SIRCA Paints India	Indigo Paints
Operational Metrics
Chemical Sector
Realization/Litre - Industrial Paints	155.71 Rs/Litre	n/a	n/a
Volume growth - Industrial Paints	23.74 %	n/a	n/a
Paints & Coatings Sector
Volume Growth - Decorative Paints	21.33 %	n/a	n/a
Quarterly Sales Volume - Paints	11310.0 KL	n/a	n/a
Quarterly Sales Volume - Decorative Paints	8099.0 KL	n/a	n/a
Quarterly Sales Volume - Industrial Paints	3211.0 KL	n/a	n/a
Realization / Litre - Paints & Coatings	122.9 Rs/L	n/a	n/a
Capacity Utilization - Paints & Coatings	53.14 %	n/a	n/a
Realization / Litre - Decorative Paints	109.89 Rs/L	n/a	n/a
Volume Growth - Paints	22.01 %	n/a	13.8 %
Financials
5 yr Average ROE	-16.51 %	13.64 %	15.42 %
5yr average Equity Multiplier	1.9	1.22	1.4
5yr Average Asset Turnover Ratio	0.69	0.72	1.01
5yr Avg Net Profit Margin	-12.91 %	15.56 %	10.95 %
Price to Book	2.63	4.78	5.1
P/E	0.0	32.64	34.55
5yr Avg Cash Conversion Cycle	19.82 Days	108.33 Days	-32.03 Days
Inventory Days	76.85 Days	128.14 Days	40.17 Days
Days Receivable	63.3 Days	68.44 Days	48.9 Days
Days Payable	123.23 Days	97.2 Days	167.49 Days
5yr Average Interest Coverage Ratio	-1.95	1145.17	66.41
5yr Avg ROCE	-8.99 %	18.54 %	19.07 %
5yr Avg Operating Profit Margin	-5.63 %	19.11 %	16.72 %
5 yr average Debt to Equity	0.43	0.01	0.0
5yr CAGR Net Profit	14.1 %	15.37 %	n/a
5yr Average Return on Assets	-8.66 %	11.24 %	11.06 %
Shareholdings
Promoter Holding	74.96 %	67.55 %	53.92 %
Share Pledged by Promoters	57.68 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	35.04 %	0.0	-0.08 %
Change in Mutual Fund Holding (3 Yrs)	0.0	-3.84 %	15.05 %

Business

	Shalimar Paints	SIRCA Paints India	Indigo Paints
Product Wise Break-Up	Product Wise Break-Up Decorative segment 59.75 Industrial & Commercial 39.31 0 Primers, Distempers and Others 0 Enamels and Wood Coatings 0 Emulsions 0 Cement Paints and Putty 0 Others 0.94	Product Wise Break-Up Emulsions 0 Industrial & Commercial 0 Cement Paints and Putty 0 Paints 100.0 Decorative segment 0 Enamels and Wood Coatings 0 Primers, Distempers and Others 0	Product Wise Break-Up Exterior & Interior Emulsions 45.0 Industrial & Commercial 0 Paints & Coatings 15.0 0 Decorative segment 0 Enamels 18.0 Distempers 22.0
Location Wise Break-Up	Location Wise Break-Up India 97.56 Outside India 2.44 West India 0 South India 0 East India 0 North India 0 Domestic 0	Location Wise Break-Up South India 0 Domestic 0 India 100.0 North India 0 Outside India 0 West India 0 East India 0	Location Wise Break-Up South India 0 Domestic 99.76 India 0 North India 0 Outside India 0 West India 0 East India 0 Others 0.24
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise Others 100	-	-