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Wednesday, June 19, 2013

Shalimar Paints

- Small Cap stock - Market capitalization of Rs.207 Crores
- India's oldest paint company - established over a century ago
- Jointly owned by Jindal group and Jhunjhunwala group - NRI based in Hongkong.
- 3% of Market share in India
- 65% of revenue from decorative paints
- 35% from industrial paints.
- 3 manufacturing units in - West Bengal, Maharastra and UP
- New plant @ Chennai with 18000 tonnes capacity
- Low Liquidity script
- in 2011 : put in T2T segment
- Right now in BSE B Group.

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