CMP: 101

Shalimar Paints Ltd. manufactures paints, enamels, varnishes, lacquers, synthetic resins and intermediate products. The Company sells its products domestically in India and abroad under the brand name "Shalimar".

Shalimar Paints is a 191 Crore penny cap stock. Its currently trading at a P/E of 16 way below its sector P/E of over 30. Good dividend yields of 1.58% in the last 12 months. Manageable liabilities. Revenues have grown steadily from 256 Crores to 405 Crores in the last 5 years. Revenues have picked up from less than 5 Crores to almost 12 Crores in the same period. NPM has moved up smartly from less than 2% to almost 3% over 5 years. With lots of room to grow, its a good buy for long term.