Analysis: Shalimar Paints Limited

NSE:SHALPAINTS Building Materials - Paints Market cap: ₹683 cr

Research report

companyname: Shalimar Paints Limited ticker: SHALPAINTS sector: Paints and Coatings Shalimar Paints is a 120-year-old Indian paint company that has spent most of the last decade as a small, conservative operator. That changed in March 2022, when Hella Infra Market made a strategic investment. The new backers brought an aggressive DNA and a clear mandate: stop being a niche player and start taking market share. The company operates two segments. Decorative paints (emulsions, waterproofing, prim...

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RS rating: 92 Stage: Stage 2

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