Recent Price Movement and Market Context
On 25 Nov 2025, Shalimar Paints . closed at Rs.66.1, representing a fall of 0.92% on the day and underperforming its sector by 0.65%. This latest low comes after the stock has experienced a cumulative return of -4.79% over the past four trading sessions. The share price currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum.
In contrast, the broader market index, Sensex, opened positively with a gain of 108.22 points but later declined by 421.92 points, settling at 84,587.01, down 0.37%. The Sensex remains close to its 52-week high of 85,801.70, trading just 1.44% below that peak. Small-cap stocks led the market with the BSE Small Cap index gaining 0.2% on the day, highlighting a divergence between Shalimar Paints . and smaller peers.
Long-Term Price Performance
Over the last year, Shalimar Paints . has recorded a total return of -34.98%, a stark contrast to the Sensex’s 5.59% gain during the same period. The stock’s 52-week high was Rs.143.8, indicating a substantial decline of more than 50% from its peak. This underperformance extends beyond the last year, with the stock lagging the BSE500 index over the past three years, one year, and three months.
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Financial Health and Profitability Indicators
Shalimar Paints . has exhibited signs of financial strain in recent periods. The company reported operating cash flow at its lowest level of Rs. -58.61 crores in the latest fiscal year, indicating cash outflows from core business activities. Interest expenses for the most recent six months stood at Rs.12.64 crores, reflecting a growth rate of 22.96% compared to prior periods. The debt-to-equity ratio at half-year mark reached 0.67 times, the highest recorded, suggesting increased leverage.
Profitability metrics also highlight challenges. The company’s operating profit has shown a negative compound annual growth rate of -3.01% over the past five years. Additionally, the average EBIT to interest ratio is reported at -2.88, pointing to difficulties in servicing debt obligations effectively. The stock’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) remain negative, contributing to perceptions of elevated risk relative to historical valuations.
Shareholding and Market Pressure
Promoter shareholding in Shalimar Paints . includes a significant proportion of pledged shares, currently at 61.35%. This figure has increased by 3.67% over the last quarter. High levels of pledged shares can exert additional downward pressure on the stock price, particularly in volatile or falling markets, as pledged shares may be subject to liquidation in adverse conditions.
Sector and Industry Comparison
Within the paints industry, Shalimar Paints . has underperformed relative to sector peers. The sector has generally maintained steadier valuations, while Shalimar Paints . has struggled to maintain momentum. The stock’s recent performance contrasts with broader market trends where small-cap stocks have shown resilience, as evidenced by the BSE Small Cap index’s modest gains.
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Summary of Key Concerns
The stock’s decline to Rs.66.1 reflects a combination of factors including weak long-term growth trends, negative operating cash flows, rising interest expenses, and increased leverage. The negative EBITDA and poor EBIT to interest coverage ratio further underscore the financial pressures faced by the company. The elevated proportion of pledged promoter shares adds to the stock’s vulnerability in a declining market environment.
Despite the broader market’s mixed performance, with the Sensex maintaining proximity to its 52-week high and small caps showing gains, Shalimar Paints . remains under pressure. The stock’s position below all major moving averages signals continued caution among market participants.
Conclusion
Shalimar Paints .’s fall to a 52-week low of Rs.66.1 marks a notable point in its recent trading history, reflecting ongoing financial and market challenges. The stock’s performance over the past year and longer term indicates persistent headwinds, with key financial metrics highlighting areas of concern. Market participants will continue to monitor the company’s financial disclosures and sector developments as the stock navigates this low price territory.
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