Shalimar paints ltd, a Stock for Investors

                                      

History of the company & its Achievements

Shalimar Paints Limited is one of the main paints producing organization in India. The organization was set up by two British business people AC Wright and A Turner in 1902 as Shalimar Paints Color and Varnish Ltd.  The organization is occupied with the assembling of enriching paints. A portion of India's structures including the Howrah Bridge, All India Institute of Medical Sciences, Salt Lake Stadium, Vidyasagar Setu, Rashtrapati Bhawan, and numerous others, keep on being painted with Shalimar Paints.

The organisation was the principal paint fabricating organization to paint a contender airplane for the Indian Army.  The organization set up a huge scope fabricating plant in Howrah, West Bengal in 1902. in 1992, The organization set up its beginning of the workmanship producing plant in Nashik, Maharashtra to oblige the Western locale.  In 2002, the organization set up its third assembling unit in Sikandrabad, U.P. in 2002. At Sikandrabad plat, the organization fabricates both, beautifying and mechanical paint items.  With best in class innovation, Shalimar Paints presented numerous firsts in the modern coatings section like radiation safe coatings, high form zinc coatings, polyurethane paint, among others.  The organization opened up to the world and in 1989. The organization was procured by the S.S. Jhunjhnuwala Group and O.P. Jindal Group.  To fortify its item portfolio, the organization has set up a greenfield plant in Chennai to serve the southern market and providing food the always growing product offering meeting the new necessities of the market.

Shalimar Paint Color & Varnish Company was first found in in 1902 in Howrah, state by a pair of Britishers - A N Turner and A N Wright. At intervals constant year, the company set-up a large-scale works in Howrah, the first such plant in entire South-East Asia. The Shalimar paint become first company to introduce the economic coatings paints in the India.

 Shalimar was the first company to paint a military vehicle for the Indian Army. Shalimar paints products also used in painting the Indian govt well knwon building as Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, Salt Lake arena, still use Shalimar Paints. Our journey and many of notable milestones produce America happy with what we tend to tend to try and do.

 Shailmar paints took a new strategic change into the company which happened in last 117 years & this change came into picture in 2013 to establish itself as one number in the decorative and paint industry as we ll to become the first choice. Recognizing the brand's transformation, Shalimar Paints was awarded the total Excellence Award for whole advance by ABP cluster in association with World commercialism Congress.

The shalimar paints with its excellent commitment in its offerings from last 117 years manufacturing good quality of paints in the industry. Its because to build a good brand reputation inthe industry due to the big competition in the market.  Beautiful, created finishes. From mining the only quality pigments to packaging and waterproofing of cans, Shalimar’s ingenious DNA empowers every drop of paint to supply beauty and innovation in equal live.

  Focus on the research & development

 Shalimar paints trust in the new innovated products that help to improve the infrastructure as well as the life of house holders. Recognizing the importance of R&D, the company established its initial R&D centre in Howrah, state in 1902. to remain pace with the company’s growth and enlargement, it established its second R&D unfold head over 10,000 ft, in Nashik, geographic region in 2009.

Burgeoning Network

Our rejuvenated whole has oil-fired  its growth with the exploration of latest markets. Shalimar Paints has 30+ depots and thus the corporate services over 5,000 dealers across the country. For larger distribution efficiency and improved consumer service, the company has four distribution centres - in East (Howrah), West (Bhiwandi), North (Ghaziabad) and South (Chennai) zones of the country. Rapidly increasing presence and reach, Shalimar presently became the country’s leading paint whole. This company products had also used in painting the Indian famous buildings as Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, Salt Lake arena, still use Shalimar Paints. Shalimar Paints pioneered aviation coatings, marine paints and thus the painting of thermal power plants.

 My personal view on Stock of the company:

The shalimar paints is one of the oldest company in India. The product of this company was in more in focused but due to big competition came into the market in the sectors of home Paint, Industrial paint this profit of the company came . But in the past few years company did lot of efforts to maintain the brand value of the company. 

The company products are in more demand in industries for Protective coatings, In home decoration materials including exterior & interior wall painting, wood painting, floor painting in metal furniture painting. The company Management has more focus on brand promotion but the best thing is that company is improving in balance sheet by reducing the debt on the books.

 Mr. Ashok kumar Gupta joined as a MD in  this company. When he joined "APL Apollo tubes" then he changed the story of this company & company started making  good profit.I still remember that APL Apollo Tubes have given multibagger returns after joining of mr Ashok kumar Gupta ji. Company has also reduced its debit.I will not be surprised if this company will give multiple returns in coming days. Jindal stainless is also big example of turnaround story after the joining of mr. Ashok kumar gupta.

Shalimar paints@68.10rs, It is highly under valued stock in Paint sector. there is not any question that competition is in the market but brand positing play vital role in the growth of the company. Even the covid let more impact on the industry in regard of demand and supply but situations will improve in coming months and it will increase the sale of the company.

Bse code : 509874

Nse Code : Shalimar

Disclaimer:

 Please do your own research before making any investment in the stock. My view may differ from others views. The company profile data has take from company website or by the use of internet but the view on the company stock price is personal.