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Shaily Engineering Plastics

SHAILY NSE
₹2,984.80 +23.80 (+0.80%)
P/E
77.15
View as Markdown
MCP
Close 4 Nov 2026 ₹2,984.80 +605.70 +25.5% 1Y
Start ₹2,379.10

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
30.30%
Debt to Equity
0.27
EPS (TTM)
₹38.69
Book Value
₹181.48
Market Cap
—
P/E (TTM)
77.15
P/B
16.45
ROE
28.20%
Dividend Yield
0.10%
EBITDA
₹288 Cr
52W High
₹3,615.20
52W Low
₹1,770.90
Day Range
₹2,953.00 – ₹3,050.00
Volume
1,14,773

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
22
Poor
Cheap vs sector & own history 24% weight
Growth
60
Good
Sales & profit trajectory 9% weight
Financial Health
70
Strong
Solvency, leverage, coverage 9% weight
Momentum
51
Average
Trend strength, vol-adjusted 12% weight
Ownership
80
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 48.9% CAGR over last 5 years

Weaknesses

1
  • Stock is trading at 21.1 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1072
OscillatorsBearish270
Moving AveragesStrong Bearish802

Key readings

RSI (14)
43.89
Neutral
MACD (12,26,9)
−33.39
Bearish
SMA (50)
3,146.37
Bearish
SMA (200)
2,673.05
Bullish

As of

Analyst Rating

Based on 6 analysts
BUY83%

5 of 6 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
5
83%
HOLD
1
17%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+15.08%
5Y+20.60%
3Y+15.35%
1Y+24.80%
TTM+22.29%

Net profit

Net profit growth by window
10Y+26.79%
5Y+48.90%
3Y+75.08%
1Y+126.76%
TTM+83.51%

Operating cash flow

Operating cash flow growth by window
10Y+19.62%
5Y+57.91%
3Y+36.46%
1Y+125.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+10.54 pp
5Y+11.18 pp
3Y+13.13 pp
1Y+8.29 pp
TTM+6.52 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹246 Cr
Mar 2018₹318 Cr
Mar 2019₹338 Cr
Mar 2020₹336 Cr
Mar 2021₹361 Cr
Mar 2022₹566 Cr
Mar 2023₹600 Cr
Mar 2024₹616 Cr
Mar 2025₹738 Cr
Mar 2026₹921 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹16.00 Cr
Mar 2018₹24.00 Cr
Mar 2019₹19.00 Cr
Mar 2020₹24.00 Cr
Mar 2021₹22.00 Cr
Mar 2022₹35.00 Cr
Mar 2023₹30.00 Cr
Mar 2024₹36.00 Cr
Mar 2025₹71.00 Cr
Mar 2026₹161 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹102 Cr −0.2% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 29 Oct 2026
AI opinion · based on fundamentals
Risk high

Shaily Engineering Plastics trades at ₹3,056.30 as of 2026-10-29 with a market cap of ₹14,057.53 Cr. The company has delivered strong profit growth (83% TTM, 49% CAGR over 5 years) and carries a healthy balance sheet with a debt-to-equity of 0.27, but trades at elevated valuations with a P/E of 79.0x and P/B of 19.6x.

Bull Case 7
  • Exceptional profit growth: compounded profit CAGR of 83% TTM and 49% over 5 years, indicating strong operating leverage and margin expansion
  • High return ratios with ROE at 23.71% (last year 28%) and ROCE at 30.36%, well above cost of capital and indicating efficient capital deployment
  • Consistent sales growth: compounded sales CAGR of 22% TTM, 21% over 5 years, and 15% over 10 years, showing sustained demand across cycles
  • Conservative balance sheet with debt-to-equity of just 0.27, providing financial flexibility for future capex and acquisition opportunities
  • Improving return profile: ROE has expanded from a 10-year average of 16% to 28% in the last year, suggesting structural improvement in profitability
  • Strong long-term wealth creation with stock CAGR of 37% over 10 years and 53% over 5 years, reflecting consistent re-rating alongside earnings growth
  • The stock is trading roughly 15% below its 52-week high of ₹3,615.20, potentially offering a better entry zone relative to recent peaks
Bear Case 7
  • Stock trades at 19.61x book value (P/B), far above the sector norm, meaning much of the future growth is already priced in
  • Negligible dividend yield of just 0.10%, offering virtually no income cushion to investors during potential drawdowns
  • The stock has rallied 73% from its 52-week low of ₹1,770.90 to ₹3,056.30, raising the risk of mean-reversion or consolidation
  • Profit growth (83% TTM) significantly outpaces sales growth (22% TTM), raising questions about the sustainability of margin expansion versus one-time benefits
  • 3-year stock CAGR of 105% has massively outpaced 3-year profit CAGR of 75%, indicating multiple expansion that may not sustain
  • Small-to-mid cap at ₹14,057.53 Cr market cap, which can result in higher volatility and lower liquidity during market stress
  • At a P/E of 79.0x and EPS of ₹38.69, even a modest earnings miss could trigger a sharp de-rating given the premium valuation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

8d ago

TL;DR: Shaily Engineering is firing on both top-line and profitability fronts, with FY26 revenue nearing the ₹1,000 crore mark and EBITDA growth outpacing revenue growth significantly. The ₹500 crore fundraise signals an aggressive expansion phase. No visible headwinds from available news, though execution on the expansion and potential dilution from the fundraise are worth monitoring. The trend is clearly improving heading into FY27.

Positives 2
  • Strong FY26 revenue growth Sep 28

    Shaily Engineering Plastics reported 25.91% rise in FY26 revenue to ₹990.67 crore, with EBITDA surging 61.28%, signaling strong operational leverage.

  • ₹500Cr expansion fundraise approved Sep 28

    The board approved raising up to ₹500 crore to fund capacity expansion, indicating confidence in future demand pipeline.

Quarterly Results

₹ Cr
SHAILY quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
153
156
145
163
169
180
186
203
225
236
236
224
275
310
Expenses
130
133
124
135
142
148
148
155
164
168
173
161
189
208
Operating Profit
23
23
21
28
27
31
38
48
61
68
64
63
86
101
OPM %
15%
14%
15%
17%
16%
17%
20%
24%
27%
29%
27%
28%
31%
33%
Other Income
1
3
1
2
1
1
0
5
2
2
0
14
0
5
Interest
4
4
5
5
4
5
4
4
4
4
4
4
3
3
Depreciation
8
8
9
9
10
10
10
10
11
11
12
12
13
13
PBT
12
13
8
16
14
18
24
38
48
55
48
61
70
90
Tax %
26%
25%
24%
27%
30%
26%
26%
23%
25%
25%
25%
20%
25%
26%
Net Profit
9
10
6
11
10
13.56
18
30
36
41
36
49
52
67
EPS (₹)
1.89
2.15
1.36
2.48
2.13
2.93
3.95
6.43
7.83
8.93
7.76
10.59
11.41
—

Sep 2026: from the results filed on 29 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SHAILY profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
180
226
246
318
338
336
361
566
600
616
738
921
971
Expenses
153
186
205
264
285
277
300
484
512
520
594
665
691
Operating Profit
26
39
41
54
53
59
60
82
88
96
144
256
280
OPM %
15%
17%
17%
17%
16%
17%
17%
15%
15%
16%
20%
28%
29%
Other Income
2
3
3
2
2
1
3
9
4
6
7
18
17
Interest
7
10
8
8
10
11
14
18
19
19
18
15.78
15
Depreciation
6
10
13
14
15
18
20
26
33
35
39
45
48
PBT
15
21
23
34
30
31
30
46
40
49
95
212
234
Tax %
13%
28%
32%
30%
36%
23%
26%
24%
25%
26%
25%
24%
—
Net Profit
13
15
16
24
19
24
22
35
30
36
71
161
178
EPS (₹)
3.13
3.72
3.81
5.74
4.63
5.67
5.29
7.66
6.53
7.88
15.43
35.1
38.69
Div. Payout %
13%
21%
26%
26%
0%
0%
0%
0%
0%
13%
13%
9%
—

Balance Sheet

₹ Cr
SHAILY balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8
8
8
8
8
8
8
9
9
9
9
9
Reserves
70
81
97
116
128
151
174
358
386
422
487
640
Borrowings
83
67
66
107
120
134
200
175
188
209
188
175
Other Liabilities
31
34
29
54
56
88
86
133
101
112
186
246
Total Liabilities
192
191
200
285
312
381
467
676
685
752
871
1,071
Fixed Assets
77
97
94
108
145
157
227
329
362
453
477
591
CWIP
1
0
4
6
5
46
30
29
55
17
18
30
Investments
26
0
0
0
0
0
0
9
15
21
11
11
Other Assets
89
93
102
171
161
178
210
309
252
261
365
439
Total Assets
192
191
200
285
312
381
467
676
685
752
871
1,071

Cash Flow

₹ Cr
SHAILY cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4
36
17
5
66
66
22
56
85
74
96
216
Investing
−38
1
−14
−26
−62
−64
−82
−134
−93
−92
−54
−179
Financing
32
−29
−11
20
−4
4
53
108
−5
5
−42
−39
Net Cash Flow
−1
8
−8
0
0
6
−6
30
−14
−13
0
−1
Free Cash Flow
−26
8
0
−21
2
4
−61
−60
−13
−14
27
37
CFO/EBITDA
27
103
51
25
145
128
47
76
103
87
77
102

Ratios

SHAILY financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
76
58
69
78
64
66
70
64
54
66
73
72
Inventory Days
71
67
67
75
75
92
113
114
69
82
121
132
Days Payable
54
56
48
68
57
96
79
86
48
66
86
74
Cash Conversion Cycle
93
70
87
85
83
62
105
92
75
82
108
130
Working Capital Days
1
21
24
24
18
4
32
40
3
3
11
12
ROCE %
16%
19%
19%
21%
17%
15%
13%
14%
10%
11%
17%
30%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shaily Engineering Plastics insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 41.09%
  • FIIs 19.43%
  • Public 18.60%
  • DIIs 16.15%
  • Others 4.74%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Shaily Engineering Plastics

What does Shaily Engineering Plastics Ltd do?
The Company is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM). It also offers secondary operations in plastics like vacuum metalizing, hot stamping, and ultrasonic welding.
Where is Shaily Engineering Plastics Ltd (SHAILY) listed?
Shaily Engineering Plastics Ltd trades as SHAILY on the NSE and under code 501423 on the BSE.
Which sector does Shaily Engineering Plastics Ltd belong to?
Shaily Engineering Plastics Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the PE ratio of Shaily Engineering Plastics Ltd?
Shaily Engineering Plastics Ltd trades at a PE ratio of 77.15 as of 4 Nov 2026, on earnings per share of ₹38.69, against a book value of ₹181.48 per share.
What is the 52-week high and low of Shaily Engineering Plastics Ltd?
Over the last 52 weeks Shaily Engineering Plastics Ltd has traded between ₹1,770.9 and ₹3,615.2 as of 4 Nov 2026.
Does Shaily Engineering Plastics Ltd pay dividends?
Shaily Engineering Plastics Ltd has a dividend yield of 0.10%.
What is the Return on Equity (ROE) of Shaily Engineering Plastics Ltd?
Shaily Engineering Plastics Ltd reported a return on equity of 28.20%. Its debt-to-equity ratio is 0.27.

Company Information

The Company is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM). It also offers secondary operations in plastics like vacuum metalizing, hot stamping, and ultrasonic welding. Its manufacturing facilities are at Savli and Halol, Vadodara, Gujarat.

Website shaily.com
CEO Mr. Mahendra Bhogilal Sanghvi B.Sc.
Employees 679
Listed 4 Apr 2022
Face Value ₹2

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