Shalimar Paints Reports FY2025-26 Results; Entity Faces Losses Amid Operational Turnaround

Shalimar Paints Reports FY2025-26 Results; Entity Faces Losses Amid Operational Turnaround​

Shalimar Paints Limited has reported its audited financial results for the fiscal year ending March 31, 2026. The company delivered both standalone and consolidated financial statements, reflecting a challenging period of operational performance against industry headwinds.

The Board of Directors approved the Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31, 2026, alongside the Audit Report from the Statutory Auditor.

Standalone Financial Performance Snapshot​

For the fiscal year ended March 31, 2026, the standalone results show a net loss after tax of 63.34 crore. The company reported total income of 575.89 crore for FY 2026, down from 608.92 crore in FY 2025.

Key figures from the Standalone Financial Results (in crore) are detailed below:

Consolidated Financial Performance Overview​

The consolidated results for the group for the year ended March 31, 2026, showed a net loss after tax of 6495 crore. The Group reported total income of 582.15 crore for FY 2026, compared to 609.65 crore in FY 2025.

The financial health status requires attention; during the year, the company incurred a net loss after tax of 6495 crore and has accumulated losses aggregating to 529.75 crore as at March 31, 2026. The Group’s current liabilities exceeded its current assets by 7042 crore as of that date.

A summary of the consolidated performance is presented below:

Operational and Financial Highlights​

The company stated that FY 2025-26 was a period of meaningful progress, driven by focused cost rationalization initiatives across employee costs and manufacturing and operating expenses. The results reflect improvements in operational performance and financial discipline, having delivered positive EBITDA for the first time since Hella Infra Market Limited acquired a majority stake.

The management noted that despite persistent industry headwinds, volatile demand conditions, and pricing pressures in the sector, the company achieved a strong business and operational turnaround. These fundamentals have strengthened the foundation for sustainable growth through enhanced margin profile and sharper execution.

However, the company prepared these standalone financial results on a going concern basis, citing plans for the monetization of certain assets, availability of additional credit facilities under the ECLGS 5.0 scheme, expected future growth opportunities, and financial support committed by the Holding Company to meet foreseeable obligations.

SHALPAINTS Stock Price Movement​

Shalimar Paints Limited shed value in the market session, settling down by 4.28% to close at ₹51.23 after slipping from previous trading levels. The stock registered a traded volume of 47,180 shares during the day.