Shilchar Technologies Ltd
Shilchar Technologies Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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37 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
4- Company is almost debt free.
- Company has delivered good profit growth of 95.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.1%
- Company's median sales growth is 38.4% of last 10 years
Weaknesses
2- Stock is trading at 9.14 times its book value
- Promoter holding has decreased over last 3 years: -3.73%
Growth Rate
AI Analysis — Bull vs Bear
Shilchar Technologies is a nearly debt-free industrials company with a market cap of ₹5,072 Cr trading at a PE of 31.9x and PB of 10.27x. The company has delivered exceptional 5-year profit CAGR of 96% and maintains a 3-year ROE of 46%, though recent growth has decelerated sharply to 5% sales growth on a TTM basis and the stock has declined 22% over the past year.
- Company is almost debt-free, providing financial flexibility and low interest burden in a rising rate environment
- Exceptional 5-year compounded profit growth of 96% CAGR demonstrates strong earnings power
- 3-year ROE of 46.1% and 5-year ROE of 44% indicate highly efficient capital deployment well above industry norms
- Median sales growth of 38.4% over the last 10 years reflects consistent top-line expansion across cycles
- 10-year compounded sales CAGR of 20% and profit CAGR of 33% show long-term structural growth trajectory
- 3-year stock CAGR of 92% and 5-year CAGR of 128% reflect sustained market re-rating over medium term
- Last year ROE remains healthy at 38%, suggesting earnings quality has not deteriorated materially despite slowdown
- Dividend yield of 0.28% indicates the company has started returning cash to shareholders while maintaining growth reinvestment
- Stock trades at 10.27x book value, a steep premium that leaves little margin of safety if growth disappoints
- TTM sales growth has decelerated sharply to just 5% versus 33% 3-year CAGR, signaling potential demand slowdown
- Stock has declined 22% over the past year, indicating market is repricing growth expectations downward
- Working capital days have increased from 131 to 204 days, suggesting deteriorating cash conversion efficiency and potential collection issues
- Promoter holding has decreased by 3.73% over the last 3 years, which may signal insider confidence concerns
- PE of 31.9x is elevated for an industrials company with TTM profit growth of only 7%, implying the market is pricing in re-acceleration that may not materialize
- TTM profit growth of just 7% versus 54% 3-year CAGR shows significant earnings momentum fade
- Small market cap of ₹5,072 Cr may result in lower liquidity and higher volatility during market stress
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
| 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 | 67 | 106 | 118 | 105 | 107 | 131 | 154 | 232 | 159 | 171 | 170 | 152 | 135 |
| Expenses | 47 | 77 | 86 | 74 | 78 | 90 | 111 | 161 | 106 | 118 | 118 | 120 | 113 |
| Operating Profit | 20 | 30 | 32 | 31 | 29 | 41 | 43 | 71 | 52 | 54 | 52 | 32 | 22 |
| OPM % | 30% | 28% | 27% | 30% | 28% | 31% | 28% | 31% | 33% | 31% | 31% | 21% | 16% |
| Other Income | 3 | 4 | 3 | 3 | 3 | 4 | 5 | 5 | 4 | 9 | 6 | 7 | 7 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | 22 | 33 | 35 | 34 | 32 | 44 | 47 | 75 | 56 | 62 | 57 | 37 | 28 |
| Tax % | 25% | 25% | 25% | 27% | 25% | 25% | 26% | 26% | 25% | 25% | 26% | 24% | 26% |
| Net Profit | 16 | 24 | 26 | 25 | 24 | 33 | 35 | 55 | 41 | 46 | 42 | 28 | 21 |
| EPS in Rs | 14.37 | 21.4 | 22.89 | 21.95 | 21.04 | 28.71 | 30.5 | 48.56 | 36.27 | 40.16 | 37.01 | 24.82 | 18.23 |
Profit & Loss
| 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 | 106 | 102 | 109 | 88 | 118 | 71 | 118 | 180 | 280 | 397 | 623 | 652 | 628 |
| Expenses | 98 | 88 | 92 | 78 | 104 | 68 | 108 | 161 | 227 | 284 | 438 | 461 | 468 |
| Operating Profit | 8 | 13 | 18 | 9 | 14 | 3 | 10 | 19 | 53 | 113 | 185 | 190 | 160 |
| OPM % | 8% | 13% | 16% | 11% | 12% | 4.3% | 8% | 11% | 19% | 29% | 30% | 29% | 25% |
| Other Income | 3 | 3 | 3 | 1 | 2 | 3 | 2 | 3 | 8 | 13 | 16 | 26 | 29 |
| Interest | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 4 | 4 |
| PBT | 9 | 14 | 19 | 8 | 11 | 2 | 7 | 19 | 58 | 123 | 197 | 212 | 184 |
| Tax % | 35% | 35% | 35% | 28% | 27% | 25% | 24% | 27% | 26% | 25% | 26% | 25% | — |
| Net Profit | 6 | 9 | 12 | 6 | 8 | 2 | 6 | 14 | 43 | 92 | 147 | 158 | 138 |
| EPS in Rs | 5.1 | 7.97 | 10.78 | 5.15 | 6.8 | 1.32 | 4.84 | 12.32 | 37.82 | 80.61 | 129 | 138 | 120 |
| Div. Payout % | 10% | 10% | 9% | 13% | 10% | 25% | 10% | 11% | 9% | 10% | 6% | 9% | — |
Balance Sheet
| 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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 8 | 11 |
| Reserves | 26 | 34 | 46 | 50 | 57 | 57 | 63 | 76 | 118 | 202 | 339 | 479 |
| Borrowings | 6 | 0 | 4 | 13 | 16 | 15 | 8 | 17 | 0 | 0 | 0 | 0 |
| Other Liabilities | 37 | 32 | 30 | 28 | 22 | 27 | 33 | 49 | 56 | 83 | 143 | 100 |
| Total Liabilities | 72 | 69 | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 | 591 |
| Fixed Assets | 18 | 18 | 17 | 16 | 41 | 39 | 37 | 36 | 39 | 41 | 59 | 69 |
| CWIP | 0 | 0 | 6 | 22 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 6 |
| Investments | 1 | 3 | 12 | 6 | 0 | 0 | 1 | 0 | 7 | 20 | 54 | 202 |
| Other Assets | 53 | 49 | 49 | 52 | 57 | 64 | 69 | 110 | 132 | 227 | 377 | 313 |
| Total Assets | 72 | 69 | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 | 591 |
Cash Flow
| 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 | 20 | 8 | 12 | 5 | 1 | 6 | 10 | -6 | 39 | 76 | 40 | 192 |
| Investing | -2 | -3 | -16 | -11 | 1 | 0 | -1 | -1 | -12 | -23 | -48 | -169 |
| Financing | -16 | -7 | 3 | 7 | -2 | -4 | -10 | 6 | -19 | -29 | 5 | -31 |
| Net Cash Flow | 2 | -3 | -1 | 0 | 0 | 1 | -1 | -1 | 9 | 25 | -4 | -8 |
| Free Cash Flow | 19 | 6 | 6 | -13 | -4 | 6 | 10 | -9 | 34 | 66 | 21 | 169 |
| CFO/OP | 277 | 95 | 105 | 95 | 19 | 217 | 121 | -13 | 102 | 94 | 45 | 134 |
Ratios
| 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 | 103 | 104 | 107 | 115 | 98 | 167 | 96 | 140 | 120 | 86 | 134 | 86 |
| Inventory Days | 38 | 44 | 37 | 66 | 72 | 151 | 109 | 82 | 42 | 87 | 88 | 83 |
| Days Payable | 122 | 112 | 107 | 133 | 73 | 161 | 113 | 93 | 67 | 80 | 102 | 64 |
| Cash Conversion Cycle | 20 | 36 | 38 | 48 | 97 | 157 | 93 | 129 | 96 | 93 | 120 | 105 |
| Working Capital Days | 24 | 56 | 46 | 73 | 90 | 147 | 98 | 91 | 86 | 77 | 112 | 91 |
| ROCE % | 24% | 41% | 43% | 16% | 19% | 4% | 13% | 24% | 54% | 75% | 71% | 51% |
Documents
Frequently Asked Questions about Shilchar Technologies Ltd
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Company Information
Shilchar Technologies is engaged in the business of manufacturing Electronics & Telecom and Power & Distribution transformers. The company has recently ventured into the manufacturing of Ferrite transformers. [1]