Shish Industries
SHISHINDUSTRIESLTD NSE
Shish Industries
Consumer GoodsNSE: SHISHINDUSTRIESLTD BSE: 540693 Plastic Products
Key Fundamentals
MicrocapPlastic ProductsConsumer GoodsMarket Cap
₹639 Cr
Volatility
High Risk
P/E Ratio
548.7
EBITDA
₹12.35 Cr
Return on Equity
5.89%
Debt to Equity
0.26
Book Value
₹4.39
EPS
₹2.54
52W High
₹19.14
52W Low
₹7.1
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
6- Stock is trading at 3.37 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.65% over last 3 years.
- Earnings include an other income of Rs.3.98 Cr.
- Debtor days have increased from 73.4 to 92.3 days.
- Promoter holding has decreased over last 3 years: -11.7%
Growth Rate
Revenue Growth
12.09% lower than
3Y
Net Income Growth
-7.17% lower than
3Y
Cash Flow Change
-38.73%
ROE
-55.91% lower than
3Y
ROCE
-53.57% higher than
3Y
EBITDA Margin (Avg.)
-29.59% higher than
3Y
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 | 17.61 | 20.46 | 24.34 | 23.33 | 23.07 | 22.64 | 35.04 | 35.51 | 33.12 | 29.77 | 33.36 | 38.15 | 35.49 |
| Expenses | 16.15 | 17.62 | 22.46 | 18.62 | 19.16 | 21.28 | 30.07 | 34.32 | 30.24 | 24.44 | 29.13 | 38.25 | 35.61 |
| Operating Profit | 1.46 | 2.84 | 1.88 | 4.71 | 3.91 | 1.36 | 4.97 | 1.19 | 2.88 | 5.33 | 4.23 | -0.1 | -0.12 |
| OPM % | 8.29% | 13.88% | 7.72% | 20.19% | 16.95% | 6.01% | 14.18% | 3.35% | 8.7% | 17.9% | 12.68% | -0.26% | -0.34% |
| Other Income | 1.1 | 0.07 | 0.89 | 0.59 | 0.71 | 2.88 | -0.65 | 0.66 | 2.36 | 0.35 | 0.45 | 2.39 | 0.79 |
| Interest | 0.21 | 0.21 | 0.23 | 0.31 | 0.45 | 0.64 | 0.61 | 0.84 | 0.67 | 1.73 | 0.22 | 0.65 | 0.67 |
| Depreciation | 0.28 | 0.32 | 0.37 | 0.47 | 0.73 | 1.17 | 1.22 | 1.45 | 1.24 | 1.34 | 1.48 | 1.61 | 2.14 |
| PBT | 2.07 | 2.38 | 2.17 | 4.52 | 3.44 | 2.43 | 2.49 | -0.44 | 3.33 | 2.61 | 2.98 | 0.03 | -2.14 |
| Tax % | 22.71% | 23.95% | 29.03% | 32.3% | 24.13% | 24.28% | 23.69% | -11.36% | 23.42% | 18.01% | 64.77% | -333.33% | 0.47% |
| Net Profit | 1.59 | 1.82 | 1.53 | 3.06 | 2.62 | 1.84 | 1.9 | -0.39 | 2.55 | 2.15 | 1.05 | 0.13 | -2.15 |
| EPS in Rs | 0.05 | 0.05 | 0.04 | 0.09 | 0.07 | 0.05 | 0.05 | 0.06 | 0.07 | 0.06 | 0.03 | 0.04 | -0.04 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 28 | 50 | 68 | 86 | 116 | 134 | 137 |
| Expenses | 26 | 46 | 60 | 75 | 105 | 122 | 127 |
| Operating Profit | 2 | 4 | 9 | 11 | 11 | 12 | 9 |
| OPM % | 8% | 8% | 13% | 13% | 10% | 9% | 7% |
| Other Income | 1 | 1 | 2 | 3 | 4 | 6 | 4 |
| Interest | 0 | 0 | 1 | 1 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 5 | 6 | 7 |
| PBT | 2 | 3 | 9 | 11 | 8 | 9 | 3 |
| Tax % | 29% | 24% | 24% | 28% | 25% | 34% | — |
| Net Profit | 1 | 3 | 7 | 8 | 6 | 6 | 1 |
| EPS in Rs | 0.04 | 0.08 | 0.2 | 0.23 | 0.23 | 0.17 | 0.09 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 11 | 11 | 35 | 38 | 42 |
| Reserves | 2 | 7 | 24 | 25 | 68 | 143 |
| Borrowings | 1 | 6 | 9 | 13 | 34 | 49 |
| Other Liabilities | 4 | 5 | 10 | 13 | 10 | 19 |
| Total Liabilities | 17 | 28 | 54 | 86 | 150 | 253 |
| Fixed Assets | 6 | 7 | 7 | 14 | 51 | 80 |
| CWIP | 0 | 0 | 2 | 4 | 8 | 23 |
| Investments | 0 | 0 | 0 | 0 | 1 | 19 |
| Other Assets | 11 | 21 | 45 | 67 | 90 | 131 |
| Total Assets | 17 | 28 | 54 | 86 | 150 | 253 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 2 | -5 | 0 | -13 | -17 | -14 |
| Investing | -2 | -2 | -3 | -18 | -30 | -63 |
| Financing | 0 | 8 | 14 | 20 | 47 | 83 |
| Net Cash Flow | 0 | 0 | 11 | -11 | 0 | 5 |
| Free Cash Flow | 0 | -8 | -2 | -24 | -51 | -61 |
| CFO/OP | 125 | -109 | 28 | -86 | -118 | -76 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 26 | 64 | 103 | 74 | 55 | 92 |
| Inventory Days | 96 | 78 | 76 | 96 | 152 | 117 |
| Days Payable | 61 | 34 | 56 | 48 | 40 | 71 |
| Cash Conversion Cycle | 61 | 109 | 123 | 122 | 167 | 138 |
| Working Capital Days | 75 | 79 | 86 | 154 | 120 | 105 |
| ROCE % | — | 22% | 28% | 21% | 10% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shish Industries insights
61 extracted metrics + investor summaries across FY12–FY26.
Documents
1
Board Meeting Outcome for Board Meeting Held On 11/09/2026
11 Sep - Board appointed Mr. Jehan Sairus Kasad as CFO effective September 11, 2026. 11 Sep - Board appointed Mr. Jehan Sairus Kasad as CFO effective September 11, 2026.
2
Appointment Of Chief Financial Officer
11 Sep - Board appointed Mr. Jehan Sairus Kasad as CFO effective 11 September 2026. 11 Sep - Board appointed Mr. Jehan Sairus Kasad as CFO effective 11 September 2026.
3
Intimation Of Contact Details Of Key Managerial Personnel Pursuant To Regulation 30(5) Of SEBI (LODR) Regulations, 2015
11 Sep - Board authorized KMP contact details for materiality and disclosures effective September 11, 2026. 11 Sep - Board authorized KMP contact details for materiality and disclosures effective September 11, 2026.
4
Clarification sought from Shish Industries Ltd
2 Sep - Exchange has sought clarification from Shish Industries Ltd on September 02, 2026 with reference to significant movement in price, in order to ensure that investors … 2 Sep - Exchange has sought clarification from Shish Industries Ltd on September 02, 2026 with reference to significant movement in price, in order to ensure that investors …
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Compliance certificate under Reg 74(5) of SEBI (DP) regulations for quarter ended 31/03/2026 10 Apr - Compliance certificate under Reg 74(5) of SEBI (DP) regulations for quarter ended 31/03/2026
Frequently Asked Questions about Shish Industries
What does Shish Industries Ltd do?
Incorporated in 2012, Shish Industries
Ltd manufactures, trades and markets PP Sheets and Rolls[1]
Where is Shish Industries Ltd (540693) listed?
Shish Industries Ltd trades as SHISHINDUSTRIESLTD on the NSE and under code 540693 on the BSE.
Which sector does Shish Industries Ltd belong to?
Shish Industries Ltd is classified under the Consumer Goods sector, in the Plastic Products industry.
What is the market capitalisation of Shish Industries Ltd?
Shish Industries Ltd has a market capitalisation of ₹638.8 Cr, which places it in the Small Cap band.
What is the PE ratio of Shish Industries Ltd?
Shish Industries Ltd trades at a PE ratio of 548.70, on earnings per share of ₹2.54, against a book value of ₹4.39 per share.
What is the 52-week high and low of Shish Industries Ltd?
Over the last 52 weeks Shish Industries Ltd has traded between ₹7.1 and ₹19.14.
What is the Return on Equity (ROE) of Shish Industries Ltd?
Shish Industries Ltd reported a return on equity of 5.89%. Its debt-to-equity ratio is 0.26.
Company Information
Incorporated in 2012, Shish Industries Ltd manufactures, trades and markets PP Sheets and Rolls[1]
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