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Shalimar PaintsNSE:SHALPAINTS +0.27%58 Gross Margin % is 12.10% as of Jun. 2026, which is 55% below its 10-year median of 26.63. GuruFocus rates NSE:SHALPAINTS with a GF Score™ of 58/100 and a GF Value™ of ₹110.35 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,574 Chemicals companies, Shalimar Paints ranks better than 69.31% on this metric.
The historical rank and industry rank for Shalimar Paints's Gross Margin % or its related term are showing as below:
NSE:SHALPAINTS'
s Gross Margin % Range Over the Past 10 Years
Min: 22.17 Med: 26.63 Max: 32.45
Current: 32.45
During the past 13 years, the highestGross Margin % of Shalimar Paints was 32.45%. The lowest was 22.17%. And the median was 26.63%.
NSE:SHALPAINTS's Gross Margin % is ranked better than 69.31% of 1574
companies
in the Chemicals industry
Industry Median: 24.215
vs NSE:SHALPAINTS: 32.45
Shalimar Paints had a gross margin of 12.10% for the quarter that ended in Jun. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Shalimar Paints was 1.60% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Shalimar Paints had a gross margin of 12.10% for the quarter that ended in Jun. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Shalimar Paints Gross Margin % Related Terms
Shalimar Paints Gross Margin % Historical Data
* Premium members only.
The historical data trend for Shalimar Paints's Gross Margin % 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.
NSE:SHALPAINTS vs LIN, SHW, ECL: Gross Margin % Comparison
For the Specialty Chemicals subindustry, Shalimar Paints's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shalimar Paints's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Shalimar Paints's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Shalimar Paints (NSE:SHALPAINTS) has a Gross Margin % of 12.10% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shalimar Paints and its competitors. This is 55% below median its historical median of 26.63. Over the past decade, Shalimar Paints' Gross Margin % has ranged from 22.17 to 32.45. According to the industry distribution chart, Shalimar Paints ranks #483 out of 1574 companies in the Chemicals industry, placing it in the top 30.7%.
Is Shalimar Paints' Gross Margin % too high?
Shalimar Paints' current Gross Margin % of 12.10% is 55% below median its 10-year median of 26.63. Over the past 10 years, this metric has ranged from a low of 22.17 to a high of 32.45. The Chemicals industry median Gross Margin % is 24.22. Shalimar Paints' value of 12.10% is 50% below this industry median. Based on the distribution chart, Shalimar Paints ranks #483 out of 1574 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shalimar Paints has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shalimar Paints' Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shalimar Paints ranks #483 out of 1574 companies for Gross Margin %. This puts Shalimar Paints in the upper half of its industry. The industry median Gross Margin % is 24.22. Shalimar Paints' value of 12.10% is 50% below this benchmark. Historically, Shalimar Paints' own Gross Margin % has ranged from 22.17 to 32.45 over the past decade. While the company's 10-year median is 26.63 vs. the industry median of 24.22, Shalimar Paints has consistently been below 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 Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 24.22, based on 1,574 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shalimar Paints's current Gross Margin % of 12.10% is 50% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Shalimar Paints and its competitors. For the Chemicals industry, the median Gross Margin % is 24.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shalimar Paints's current Gross Margin % is 12.10%, which is 55% below median its own 10-year median of 26.63. 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 (NSE:SHALPAINTS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹110.35, compared to a current price of ₹77.64 — trading 29.6% below its estimated fair value. The current Gross Margin % is 12.10%, which is 55% below median its 10-year median of 26.63 and 50% below the Chemicals industry median of 24.22. Shalimar Paints' overall GF Score™ is 58/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Shalimar Paints (NSE:SHALPAINTS), the current Gross Margin % is 12.10% as of Jun. 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 (NSE:SHALPAINTS) Overvalued in 2026?
Based on GuruFocus' analysis, Shalimar Paints stock appears to be undervalued.
The current stock price of ₹77.64 is trading 29.6% below its estimated GF Value™ of ₹110.35.
GuruFocus considers Shalimar Paints to be Modestly Undervalued.
Key valuation signals for NSE:SHALPAINTS:
Gross Margin %: 12.10% (55% below median its 10-year median of 26.63)
GF Value™: ₹110.35 vs. price of ₹77.64 (29.6% below fair value)
Industry Position: 50% below the Chemicals median (#483 of 1574)
No single metric tells the full story. See the NSE:SHALPAINTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shalimar Paints Ltd is an Indian paint and coatings manufacturer with a history dating back to 1902. The company produces and sells decorative paints for interiors and exteriors, including emulsions, distempers, primers and putty, alongside industrial and protective coatings such as heavy-duty protective coatings, GI coatings and packaging coatings. Its products are marketed under brands including Shalimar, Superlac and Colourizer, and are sold through a network of dealers, distributors and retailers as well as directly to industrial customers. Shalimar serves both the domestic Indian market, which accounts for the majority of its revenue, and select export markets. Revenue is generated primarily through the sale of paints and coatings, with decorative paints contributing the bulk of turnover and industrial coatings supplying the remainder. The company operates manufacturing facilities in India and competes in the organized Indian paint sector.
58GF Score
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