Shaily Engineering Plastics
Shaily Engineering Plastics
Consumer DiscretionaryKey Fundamentals
SmallcapPlastic Products - IndustrialIndustrial ProductsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 48.9% CAGR over last 5 years
Weaknesses
2- Stock is trading at 23.2 times its book value
- Promoter holding has decreased over last quarter: -2.30%
Growth Rate
AI Analysis — Bull vs Bear
Shaily Engineering Plastics trades at a market cap of ₹15,149 Cr with a PE of 87.7x and PB of 23.9x, reflecting rich valuations. The company has delivered strong profit growth (49% CAGR over 5 years) and improving ROE (28% last year vs 16% 5-year average), but promoter holding declined 2.3% last quarter.
- Compounded profit growth of 49% CAGR over 5 years demonstrates sustained earnings momentum
- TTM profit growth of 83% indicates accelerating earnings trajectory
- ROE improved sharply to 28% last year from 5-year average of 16%, signalling improving capital efficiency
- Compounded sales growth of 21% over 5 years reflects consistent top-line expansion
- TTM sales growth of 22% shows continued revenue momentum even on a larger base
- 10-year compounded profit CAGR of 28% demonstrates long-term earnings compounding ability
- Stock CAGR of 41% over 10 years reflects sustained long-term wealth creation track record
- 3-year ROE of 19% comfortably above cost of equity, indicating value creation over medium term
- PE of 87.7x is significantly elevated, leaving little room for earnings disappointment
- Stock trades at 23.9x book value, well above typical manufacturing sector multiples
- Promoter holding decreased by 2.3% in the last quarter, which may signal reduced insider confidence
- Dividend yield of just 0.09% offers negligible income return to shareholders
- Stock CAGR of 113% over 3 years has far outpaced the 75% compounded profit growth over the same period, suggesting valuation expansion beyond fundamentals
- 1-year stock CAGR of 48% vs TTM sales growth of 22% indicates price has run ahead of revenue growth
- 10-year sales CAGR of 15% is modest for a company commanding an 87.7x PE multiple
- 5-year ROE average of 16% is respectable but does not justify a PB ratio of 23.9x under conventional valuation frameworks
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹3 dividend & ₹500cr fundraise Sep 4
AGM agenda proposes ₹3 per share dividend and an enabling resolution to raise up to ₹500 crore, signaling growth ambitions and shareholder returns.
- Strong exports at 67.7% Sep 4
FY26 BRSR report shows ₹921.2 crore turnover with 67.7% export contribution and zero workplace fatalities, reflecting operational discipline and global demand.
- 46th AGM on Sep 28 Sep 6
46th AGM scheduled for September 28, 2026 via video conferencing. Remote e-voting window runs September 25-27.
- FY26 annual report filed Sep 9
Final annual report for FY26 submitted to BSE and NSE, correcting updated photographs from a prior September 4 filing.
- Analyst meet in Vadodara Aug 17
Group meeting with investors and analysts held in Vadodara on August 21, 2026, covering publicly available information only.
TL;DR: Shaily Engineering Plastics is in a steady phase with routine compliance filings and AGM preparations. The positives stand out: a proposed ₹3/share dividend, a ₹500 crore fundraise enabler, and solid FY26 numbers at ₹921.2 crore turnover with strong export mix. No material headwinds surfaced in recent news. The fundraise resolution bears watching as it could fuel capacity expansion or acquisitions in coming quarters.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 153 | 156 | 145 | 163 | 169 | 180 | 186 | 203 | 225 | 236 | 236 | 224 | 275 |
| Expenses | 130 | 133 | 124 | 135 | 142 | 148 | 148 | 155 | 164 | 168 | 173 | 161 | 189 |
| Operating Profit | 23 | 23 | 21 | 28 | 27 | 31 | 38 | 48 | 61 | 68 | 64 | 63 | 86 |
| OPM % | 15% | 14% | 15% | 17% | 16% | 17% | 20% | 24% | 27% | 29% | 27% | 28% | 31% |
| Other Income | 1 | 3 | 1 | 2 | 1 | 1 | 0 | 5 | 2 | 2 | 0 | 14 | 0 |
| Interest | 4 | 4 | 5 | 5 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
| Depreciation | 8 | 8 | 9 | 9 | 10 | 10 | 10 | 10 | 11 | 11 | 12 | 12 | 13 |
| PBT | 12 | 13 | 8 | 16 | 14 | 18 | 24 | 38 | 48 | 55 | 48 | 61 | 70 |
| Tax % | 26% | 25% | 24% | 27% | 30% | 26% | 26% | 23% | 25% | 25% | 25% | 20% | 25% |
| Net Profit | 9 | 10 | 6 | 11 | 10 | 13 | 18 | 30 | 36 | 41 | 36 | 49 | 52 |
| EPS in Rs | 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 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 666 | 691 |
| Operating Profit | 26 | 39 | 41 | 54 | 53 | 59 | 60 | 82 | 88 | 96 | 144 | 255 | 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 | 16 | 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 in Rs | 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 29 |
| 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/OP | 27 | 103 | 51 | 25 | 145 | 128 | 47 | 76 | 103 | 87 | 77 | 102 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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61 extracted metrics + investor summaries across FY11–FY26.
Documents
Frequently Asked Questions about Shaily Engineering Plastics
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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. [1]
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