SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE revises ratings of Shalimar Paints’ bank facilities

14 Oct 2014 Evaluate

Credit rating agency, CARE has revised rating of Shalimar Paints’ long term bank facilities worth Rs 134 crore to ‘BBB+’ from ‘A’. The rating agency has revised rating of company’s short term bank facilities worth Rs 20.75 crore to ‘A3+’ from ‘A1’. Meanwhile, the rating agency has also revised rating of company’s Long/Short-term bank facilities worth Rs 76.25 crore to ‘BBB+/A3+’ from ‘A/A1’.

The revision in the ratings of Shalimar Paints (SPL) takes into account the deterioration in financial performance in FY14 and Q1FY15 marked by decline in profitability and interest coverage and deterioration in overall gearing and debt protection metrics.

Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad.

Shalimar Paints Share Price

52.83 0.53 (1.01%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2522.50
Berger Paints India 468.40
Kansai Nerolac Paint 200.60
JSW Dulux 2950.40
Indigo Paints 878.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×