The 5-year analysis of Shalimar Paints Ltd's performance infers:
We analysed the performance of Shalimar Paints Ltd share prices over the last 10 years. Here is what we found out:
Shalimar Paints incorporated in 1902, is one of the leading paints manufacturing companies in India. The company has a colour bank of 9000 shades.
The Company has a wide product range in both Architectural and Industrial sectors. It has network of 54 branches and depots spread across India. The Company also has tinting
The Company has a wide product range in both Architectural and Industrial sectors. It has network of 54 branches and depots spread across India. The Company also has tinting systems under the brand name 'Color Space'. It has network of 6000 dealers.
The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad. These units has ISO 9000 accreditation for its quality management.
Its Howrah plant, is the first large scale paint manufacturing plant located in South East Asia. It has installed capacity of 14204 MT per year. This plant also has in-house research and development laboratory that is recognized by Dept. of Scientific and Industrial Research, Govt. of India.
Companyâ€™s Nashik plant has installed capacity of 16000 MT per year.
Its Sikandrabad unit was set up in technical collaboration with Sherwin Williams of USA.
Decorative- The Company manufactures wide range of decorative paints used for interior or exterior, every surface - concrete, plaster, metal or wood. Under this it has created brand like Xtra, Superlac, Shaktiman, Superlac Hi-Gloss and Hussain Collection.
Industrial- Under this the company has association with companies like Pinchin Johnson Co. and International Paints PLC of the U.K. It manufactures and markets industrial coatings, aviation coatings, marine paints and coatings for metal decoration and food can lacquers.
With the Indian economy continuing its buoyant growth and massive investments forthcoming in infrastructure and housing, there is considerable potential for growth of the paints industry. The Companyâ€™s endeavour will be to tap the immense market potential and increase its market share both in the decorative as well as the industrial segment.