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SHALIMAR PAINTS Announces Quarterly Results (4QFY18); Net Profit Up 66.0%

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SHALIMAR PAINTS Announces Quarterly Results (4QFY18); Net Profit Up 66.0%
Tue, 29 May

SHALIMAR PAINTS has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

SHALIMAR PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m804663602-9.1%-25.1%
Other incomeRs m1751-89.4%-97.1%
TurnoverRs m821667603-9.7%-26.6%
ExpensesRs m863749705-5.9%-18.4%
Gross profitRs m-59-86-103
DepreciationRs m121941117.6%229.8%
InterestRs m5971732.7%23.2%
Profit before taxRs m-114-171-216
TaxRs m-17-73-55
Profit after taxRs m-97-98-161
Gross profit margin%-7.3-13.0-17.0
Effective tax rate%14.742.625.5
Net profit margin%-11.8-14.7-26.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 25.1% on a year-on-year (YoY) basis. The expenses were down by 18.4% YoY during the same period.
  • The company's operating profit increased by 73.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.0% in 4QFY18 as against 7.3% in 4QFY17.
  • Depreciation charges and finance costs increased by 229.8% YoY and 23.2% YoY, respectively.
  • Other income declined by 97.1% YoY during the quarter.
  • Net profit for the quarter increased by 66.0% YoY. Net profit margins during the quarter declined from -11.8% in 4QFY17 to 26.7% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.9% QoQ during the same period.
  • The company's operating profit declined by 18.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.0% in 4QFY18 as against 13.0% in 3QFY17.
  • Net profit for the quarter increased by 63.3% QoQ, while net profit margins declined from 14.7% in 3QFY17 to 26.7% in 4QFY18.

To see how SHALIMAR PAINTS has performed over the last eight quarters, please visit here.

SHALIMAR PAINTS Share Price Performance

Over the last one year, SHALIMAR PAINTS share price has moved up from Rs 261.2 to Rs 145.0, registering a Loss of Rs -116.2 or around 44.5%.

Overall, the S&P BSE SENSEX is up 0.1% over the year.

Current Valuations

At the current price of Rs 145.0, the price to earnings (P/E) ratio of SHALIMAR PAINTS stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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