Integrated Filing — IndAS



General information about company
Scrip Code 509874
NSE Symbol SHALPAINTS
MSEI Symbol NOTLISTED
ISIN INE849C01026
Name of company SHALIMAR PAINTS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Paints
Start date and time of board meeting 26-May-2025   12:20:00
End date and time of board meeting 26-May-2025   14:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1778300000 5990600000
Other income 67600000 98400000
Total income 1845900000 6089000000
2 Expenses
(a) Cost of materials consumed 1174600000 3922500000
(b) Purchases of stock-in-trade 45500000 326500000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 56000000 105100000
(d) Employee benefit expense 172900000 792800000
(e) Finance costs 48700000 175500000
(f) Depreciation, depletion and amortisation expense 40600000 157700000
(f) Other Expenses
1 Other expenses 402800000 1410500000
Total other expenses 402800000 1410500000
Total expenses 1941100000 6890600000
3 Total profit before exceptional items and tax -95200000 -801600000
4 Exceptional items 0 0
5 Total profit before tax -95200000 -801600000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -95200000 -801600000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -95200000 -801600000
17 Other comprehensive income net of taxes 13000000 16400000
18 Total Comprehensive Income for the period -82200000 -785200000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -95200000 -801600000
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 13000000 16400000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 167400000 167400000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 1895300000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -1.14 -9.58
Diluted earnings (loss) per share from continuing operations -1.14 -9.58
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -1.14 -9.58
Diluted earnings (loss) per share from continuing and discontinued operations -1.14 -9.58
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2990800000
Capital work-in-progress 262700000
Investment property 0
Goodwill 0
Other intangible assets 42100000
Intangible assets under development 3100000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 89000000
Total non-current financial assets 89000000
Deferred tax assets (net)
Other non-current assets 82200000
Total non-current assets 3469900000
2 Current assets
Inventories 1338700000
Current financial asset
Current investments 0
Trade receivables, current 1478700000
Cash and cash equivalents 70600000
Bank balance other than cash and cash equivalents 384100000
Loans, current 0
Other current financial assets 112900000
Total current financial assets 2046300000
Current tax assets (net)
Other current assets 167900000
Total current assets 3552900000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 7022800000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 167400000
Other equity 2982400000
Total equity attributable to owners of parent 3149800000
Non controlling interest
Total equity 3149800000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 174900000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 78400000
Total non-current financial liabilities 253300000
Provisions, non-current 45800000
Deferred tax liabilities (net) 24800000
Deferred government grants, Non-current 0
Other non-current liabilities
Total non-current liabilities 323900000
Current liabilities
Current financial liabilities
Borrowings, current 1350600000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 334000000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1587300000
Total Trade payable 1921300000
Other current financial liabilities 203600000
Total current financial liabilities 3475500000
Other current liabilities 43400000
Provisions, current 30200000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 3549100000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3873000000
Total equity and liabilites 7022800000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss -13000000 -16400000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 13000000 16400000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -801600000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 175500000
Adjustments for decrease (increase) in inventories -249900000
Adjustments for decrease (increase) in trade receivables, current -378300000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets -43400000
Adjustments for other financial assets, non-current -31400000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 542300000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -19800000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 157700000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 1200000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 67600000
Adjustments for unrealised foreign exchange losses gains -1200000
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 3200000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 44500000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 268000000
Net cash flows from (used in) operations -533600000
Dividends received 0
Interest paid 0
Interest received -46200000
Income taxes paid (refund) 6300000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -586100000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 80000000
Purchase of property, plant and equipment 322400000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 34000000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 64000000
Net cash flows from (used in) investing activities -144400000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 589600000
Repayments of borrowings 120600000
Payments of lease liabilities 24800000
Dividends paid 0
Interest paid 171100000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 273100000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -457400000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -457400000
Cash and cash equivalents cash flow statement at beginning of period 219100000
Cash and cash equivalents cash flow statement at end of period -238300000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Walker Chandiok & Co LLP Yes 31-May-2025