Shaily Engineering Plastics logo

Shaily Engineering Plastics

SHAILY NSE
₹3,155.00 1.70 (0.05%)
Market Cap
₹14,512 Cr
P/E
81.55

Key Fundamentals

SmallcapPlastic Products - IndustrialIndustrial Products
Market Cap
₹14,512 Cr
P/E (TTM)
81.55
EBITDA
₹288 Cr
Return on Equity
23.71%
Debt to Equity
0.27
Book Value
₹155.82
EPS (TTM)
₹38.69
52W High
₹3,615.20
52W Low
₹1,770.90

Price-based figures as of 13 Oct 2026, 15:29 IST · EPS basis: Standalone · TTM

Peer Comparison

Consumer Discretionary › Industrial Products › Plastic Products - Industrial › Plastic Products - Consumer

Supreme Industries
₹3,506.9043.1544,547 Cr7.221.04%15.46%19.93%11,512 Cr1,033 Cr
Astral
₹1,442.0067.2938,739 Cr9.550.28%13.18%18.43%6,836 Cr576 Cr
Garware Hi-Tech Films
₹7,200.0043.1216,727 Cr6.300.17%12.73%16.71%2,329 Cr388 Cr
Shaily Engineering Plastics (this company)
₹3,155.0081.5514,512 Cr20.250.10%23.71%30.36%1,031 Cr178 Cr
Finolex Industries
₹151.6415.299,409 Cr1.511.82%9.64%12.75%4,214 Cr616 Cr
Time Technoplast
₹180.0017.798,885 Cr2.170.85%11.44%15.75%6,455 Cr498 Cr
Kingfa Science & Technology
₹6,444.0038.708,733 Cr6.240.30%13.24%17.92%2,244 Cr225 Cr
Prince Pipes & Fittings
₹260.5028.222,880 Cr1.750.40%4.57%6.34%2,640 Cr103 Cr
Apollo Pipes
₹543.00—2,392 Cr3.030.14%0.52%2.13%1,135 Cr-15 Cr
Jain Irrigation Systems
₹26.95—1,926 Cr0.330.00%-0.67%6.63%6,384 Cr-69 Cr
Median 10 companies₹992.5040.919,147 Cr4.640.29%12.09%16.23%3,427 Cr307 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

As of 2026-10-12
v2.0.0
55 Good
Overall score
Data confidence 100/100

Category scores

Quality Good 64
Returns, margins, earnings quality 22%
Valuation Poor 21
Cheap vs sector & own history 24%
Growth Good 60
Sales & profit trajectory 9%
Financial Health Strong 69
Solvency, leverage, coverage 9%
Momentum Strong 77
Trend strength, vol-adjusted 12%
Ownership Strong 68
FII/DII/promoter flows 24%

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

2
  • Stock is trading at 21.3 times its book value
  • Promoter holding has decreased over last quarter: -2.30%

Technical Indicators

Oscillators

BearishNeutralBullish

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

BearishNeutralBullish

Bullish

Bearish
3
Neutral
6
Bullish
10

Moving Averages

BearishNeutralBullish

Bullish

Bearish
1
Neutral
0
Bullish
9
Analyst Rating
Based on 6 analysts
BUY SHARE83%

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

Updated 13 Oct 2026

BUY
5
83.3%
HOLD
1
16.7%
SELL
0
0%

Growth Rate

Revenue Growth
26.52% higher than 3Y

change over 1 year

Net Income Growth
82.49% higher than 3Y

change over 1 year

Cash Flow Change
105%

change over 1 year

EBITDA Margin Change
27.48%

change over 1 year Operating margin 31% · Jun 2026

AI Analysis — Bull vs Bear

Figures as of 9 Oct 2026
AI opinion · based on fundamentals
Risk high

As of the 2026-10-09 close, Shaily Engineering Plastics trades at Rs 3,063.4, giving it a market cap of Rs 14,090.18 crore. The stock is at 79.18x trailing earnings and 19.66x book value. Profit has grown quickly, up 83% TTM and at a 75% CAGR over 3 years, while sales grew more slowly at 22% TTM. Return ratios are solid (ROE 23.71%, ROCE 30.36%) and leverage is low (debt-to-equity 0.27), but the valuation is high and promoter holding fell by 2.30% last quarter.

Bull Case 7
  • Profit has compounded at 75% CAGR over 3 years and 48.9% over 5 years, with TTM profit growth of 83%. This shows strong, sustained earnings momentum.
  • ROCE of 30.36% and ROE of 23.71% show efficient use of capital. Last year's ROE of 28% is well above the 10-year average of 16%, so returns have been improving.
  • Debt-to-equity is low at 0.27, which gives the company room to fund expansion without straining its balance sheet.
  • Sales growth has picked up to 22% TTM, compared with a 15% CAGR over both 3 and 10 years. Revenue growth is getting faster.
  • Profit growth (83% TTM) is far ahead of sales growth (22% TTM), which points to meaningful margin expansion and operating leverage.
  • Measured against TTM profit growth of 83%, the P/E of 79.18 works out to a growth-adjusted multiple of roughly 0.95x. That is less stretched than the headline P/E suggests, if growth holds.
  • The stock has a long record of shareholder returns: 102% CAGR over 3 years, 50% over 5 years and 38% over 10 years.
Bear Case 8
  • At a P/E of 79.18 and EPS of Rs 38.69, the price already assumes high growth will continue. Any slowdown in earnings could push the multiple down sharply.
  • Price-to-book of 19.66 is very high for a manufacturing business. It leaves little valuation cushion if returns fall back toward the 5-year average ROE of 16%.
  • Promoter holding fell by 2.30% in the last quarter. Some readers may see this as an insider-sentiment or supply overhang concern.
  • Profit growth of 83% TTM against sales growth of only 22% depends on margin expansion. Margin gains of this size may be hard to repeat, and growth could normalise toward the 10-year profit CAGR of 28%.
  • Long-run revenue growth is moderate, at a 15% CAGR over both 3 and 10 years. That is much lower than the earnings growth implied by the current multiple.
  • Dividend yield is only 0.1%, so almost all of the return depends on share price gains rather than income.
  • The stock is up about 73% from its 52-week low of Rs 1,770.9 and about 15% below its 52-week high of Rs 3,615.2. This wide range shows high volatility.
  • Last year's ROE of 28% is well above the 3-year (19%) and 10-year (16%) averages, so current return levels may not be representative over a full cycle.

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

AI News Digest

17h ago
Positives 1
  • FY26 revenue up 26% Sep 28

    FY26 revenue rose 25.91% to ₹990.67 crore. EBITDA grew 61.28%, so margins widened considerably.

Neutral 2
  • Up to ₹500 crore fundraise Sep 28

    The board approved raising up to ₹500 crore to fund expansion. This supports growth capacity, but if raised through equity it could dilute existing shareholders.

  • JP Morgan investor meet Sep 21

    Shaily Engineering Plastics will join an analyst and institutional investor meeting organized by JP Morgan in Ahmedabad on September 23, 2026. This is routine investor outreach and could raise institutional interest.

TL;DR: Shaily's FY26 results were strong: revenue grew 25.91% to ₹990.67 crore and EBITDA grew 61.28%, so profitability improved faster than sales. None of the news points to a direct headwind. The main thing to watch is how the planned fundraise of up to ₹500 crore is structured, since equity issuance could dilute existing shareholders. The trend is improving, and the next test is whether the expansion spending keeps growth and margins at their current pace.

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹97.1 Cr +16.5% vs Jun 26
Reported High Mean Low

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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
Figures in ₹ Crores

Profit & Loss

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
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 (₹)
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%
—
Figures in ₹ Crores

Balance Sheet

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
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
Figures in ₹ Crores

Cash Flow

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/OP
27
103
51
25
145
128
47
76
103
87
77
102
Figures in ₹ Crores

Ratios

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

61 extracted metrics + investor summaries across FY11–FY27.

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Shareholding Pattern

Public19.94%Promot.41.09%Others5.95%DIIs14.84%FIIs18.18%As ofJun 2026

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. It...
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 market capitalisation of Shaily Engineering Plastics Ltd?
Shaily Engineering Plastics Ltd has a market capitalisation of ₹14,512 Cr as of 13 Oct 2026, which places it in the Mid Cap band.
What is the PE ratio of Shaily Engineering Plastics Ltd?
Shaily Engineering Plastics Ltd trades at a PE ratio of 81.55 as of 13 Oct 2026, on earnings per share of ₹38.69, against a book value of ₹155.82 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 13 Oct 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 23.71%. 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. [1]

Website shaily.com
CEO Mr. Mahendra Bhogilal Sanghvi B.Sc.
Employees 679
Listed 2022-04-04
Face Value ₹ 2
Shares Outstanding 4,59,95,248

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