Shalimar Paints (BOM:509874) Days Inventory: 92.17 (As of Mar. 2026) — 24% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:509874 Shalimar Paints Ltd BOM:509874
47 GF Score
Price ₹69.12
GF Value ₹134.62
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Shalimar Paints Days Inventory?

Shalimar Paints BOM:509874 +2.37% 47 Days Inventory is 92.17 as of Mar. 2026, which is 24% below its 10-year median of 121.65. GuruFocus rates BOM:509874 with a GF Score™ of 47/100 and a GF Value™ of ₹134.62 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,540 Chemicals companies, Shalimar Paints ranks worse than 68.77% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Shalimar Paints's Average Total Inventories for the three months ended in Mar. 2026 was ₹1,021 Mil. Shalimar Paints's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹1,011 Mil. Hence, Shalimar Paints's Days Inventory for the three months ended in Mar. 2026 was 92.17.

The historical rank and industry rank for Shalimar Paints's Days Inventory or its related term are showing as below:

BOM:509874' s Days Inventory Range Over the Past 10 Years
Min: 104.7   Med: 121.65   Max: 152.18
Current: 113.21

During the past 13 years, Shalimar Paints's highest Days Inventory was 152.18. The lowest was 104.70. And the median was 121.65.

BOM:509874's Days Inventory is ranked worse than
68.77% of 1540 companies
in the Chemicals industry
Industry Median: 80.165 vs BOM:509874: 113.21

Shalimar Paints's Days Inventory declined from Mar. 2025 (95.39) to Mar. 2026 (92.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shalimar Paints's Inventory Turnover for the three months ended in Mar. 2026 was 0.99.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Shalimar Paints's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.66.


Shalimar Paints  (BOM:509874) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Shalimar Paints's Inventory Turnover for the three months ended in Mar. 2026 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Shalimar Paints's Inventory to Revenue for the three months ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Shalimar Paints Days Inventory Related Terms


Shalimar Paints Days Inventory Historical Data

* Premium members only.

The historical data trend for Shalimar Paints's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shalimar Paints Days Inventory Chart

Shalimar Paints Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 124.40 106.25 107.73 104.70 111.40

Shalimar Paints Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.39 115.21 126.52 124.71 92.17

BOM:509874 vs LIN, SHW, ECL: Days Inventory Comparison

For the Specialty Chemicals subindustry, Shalimar Paints's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shalimar Paints Days Inventory vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shalimar Paints's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shalimar Paints's Days Inventory falls into.


BOM:509874
47GF Score
Shalimar Paints Ltd BOM:509874
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shalimar Paints Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Shalimar Paints's Days Inventory for the fiscal year that ended in Mar. 2026 is calculated as

Days Inventory (A: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (1338.7 + 1021.4) / 2 ) / 3866.4*365
=1180.05 / 3866.4*365
=111.40

Shalimar Paints's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 1021.4) / 1 ) / 1011.2*365 / 4
=1021.4 / 1011.2*365 / 4
=92.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 92.17 mean?
Shalimar Paints (BOM:509874) has a Days Inventory of 92.17 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Shalimar Paints and its competitors. This is 24% below median its historical median of 121.65. Over the past decade, Shalimar Paints' Days Inventory has ranged from 104.70 to 152.18. According to the industry distribution chart, Shalimar Paints ranks #1059 out of 1540 companies in the Chemicals industry, placing it in the top 68.8%.
Is Shalimar Paints' Days Inventory too high?
Shalimar Paints' current Days Inventory of 92.17 is 24% below median its 10-year median of 121.65. Over the past 10 years, this metric has ranged from a low of 104.70 to a high of 152.18. The Chemicals industry median Days Inventory is 80.17. Shalimar Paints' value of 92.17 is 15% above this industry median. Based on the distribution chart, Shalimar Paints ranks #1059 out of 1540 companies in the Chemicals industry, which is below the industry midpoint. Overall, Shalimar Paints has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shalimar Paints' Days Inventory compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shalimar Paints ranks #1059 out of 1540 companies for Days Inventory. This places Shalimar Paints in the lower half of its industry. The industry median Days Inventory is 80.17. Shalimar Paints' value of 92.17 is 15% above this benchmark. Historically, Shalimar Paints' own Days Inventory has ranged from 104.70 to 152.18 over the past decade. While the company's 10-year median is 121.65 vs. the industry median of 80.17, Shalimar Paints has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Chemicals company?
The median Days Inventory among Chemicals companies is 80.17, based on 1,540 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shalimar Paints's current Days Inventory of 92.17 is 15% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Shalimar Paints and its competitors. For the Chemicals industry, the median Days Inventory is 80.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shalimar Paints's current Days Inventory is 92.17, which is 24% below median its own 10-year median of 121.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shalimar Paints stock overvalued right now?
Based on GuruFocus' analysis, Shalimar Paints (BOM:509874) is currently considered Possible Value Trap. The stock's GF Value™ is ₹134.62, compared to a current price of ₹69.12 — trading 48.7% below its estimated fair value. The current Days Inventory is 92.17, which is 24% below median its 10-year median of 121.65 and 15% above the Chemicals industry median of 80.17. Shalimar Paints' overall GF Score™ is 47/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Shalimar Paints (BOM:509874), the current Days Inventory is 92.17 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shalimar Paints (BOM:509874) Overvalued in 2026?

Based on GuruFocus' analysis, Shalimar Paints stock appears to be undervalued. The current stock price of ₹69.12 is trading 48.7% below its estimated GF Value™ of ₹134.62. GuruFocus considers Shalimar Paints to be Possible Value Trap.

Key valuation signals for BOM:509874:

  • Days Inventory: 92.17 (24% below median its 10-year median of 121.65)
  • GF Value™: ₹134.62 vs. price of ₹69.12 (48.7% below fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 15% above the Chemicals median (#1059 of 1540)

No single metric tells the full story. See the BOM:509874 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shalimar Paints Business Description

Other Exchanges SHALPAINTS:India
Address Road No. 16Z, Plot No. A184 and A185, Olethia Business Spaces, Opposite Ashar IT Park, Wagle Industrial Estate, Thane, MH, IND, 400604
Shalimar Paints Ltd is an Indian-based firm that is engaged in the manufacturing, selling, and distribution of paints, varnishes, enamels, and lacquers products. The company operates in one segment which is manufacturing and sale of paints. Its product offerings comprise Interior wall paints, Exterior wall paints, distempers, primers, putty, heavy-duty protective coating, GI coating, packaging coating, and others. Geographically, the company derives a majority of its revenue from its customers located in India.
47GF Score

Get the complete analysis for BOM:509874

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹69.12
Price
₹134.62
GF Value