---
title: "Shilpi Cable Technologies Ltd (SHILPI) — Share Price, Financials & Analysis"
symbol: "SHILPI"
company: "Shilpi Cable Technologies Ltd"
canonical: "https://tapetide.com/stocks/SHILPI"
generated_at: "2026-10-13T10:57:55.772Z"
---

# Shilpi Cable Technologies Ltd (SHILPI)

Canonical page: https://tapetide.com/stocks/SHILPI

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shilpicables.com

## About

Shilpi Cable Technologies Limited is engaged in manufacturing cables and wires. The Company operates through Copper, Aluminium Wire, Cables and accessories segment.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -100% over last 3 years.
- Company has high debtors of 199 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| revenue growth | -66% | 27% | 34% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 427 | 427 | 416 | 482 | 581 | 532 | 539 | 498 | 435 | 210 | 72 | 4 |
| Expenses | 392 | 389 | 375 | 441 | 534 | 483 | 483 | 456 | 1183 | 325 | 165 | 106 |
| Operating Profit | 36 | 39 | 41 | 41 | 47 | 50 | 56 | 42 | -748 | -114 | -92 | -102 |
| OPM % | 8 | 9 | 10 | 9 | 8 | 9 | 10 | 8 | -172 | -54 | -128 | -2277 |
| Other Income | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 10 | 1 | 9 | 1 |
| Interest | 21 | 16 | 17 | 19 | 22 | 22 | 24 | 23 | 18 | 13 | 23 | 0 |
| Depreciation | 4 | 2 | 2 | 2 | 4 | 3 | 2 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 10 | 21 | 23 | 21 | 21 | 27 | 31 | 18 | -760 | -129 | -109 | -104 |
| Tax % | 36 | 34 | 34 | 34 | 39 | 35 | 36 | 40 | 0 | -1 | -12 | 0 |
| Net Profit | 6 | 14 | 15 | 14 | 13 | 17 | 20 | 11 | -761 | -127 | -96 | -104 |
| EPS in Rs | 0.62 | 1.35 | 1.49 | 1.38 | 1.17 | 1.57 | 1.78 | 0.99 | -68.8 | -11.48 | -8.66 | -9.4 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 48 | 170 | 231 | 460 | 654 | 985 | 1406 | 1905 | 2003 | 722 |
| Expenses | 40 | 142 | 195 | 408 | 582 | 891 | 1287 | 1738 | 2602 | 1779 |
| Operating Profit | 8 | 28 | 36 | 53 | 72 | 94 | 119 | 167 | -599 | -1057 |
| OPM % | 18 | 16 | 15 | 11 | 11 | 10 | 8 | 9 | -30 | -146 |
| Other Income | 0 | 2 | 1 | 3 | 2 | 3 | 4 | 3 | 14 | 22 |
| Interest | 12 | 12 | 14 | 24 | 33 | 52 | 62 | 74 | 88 | 54 |
| Depreciation | 3 | 3 | 3 | 3 | 4 | 5 | 8 | 10 | 11 | 12 |
| Profit before tax | -6 | 15 | 20 | 28 | 37 | 40 | 53 | 87 | -684 | -1101 |
| Tax % | -34 | 34 | 33 | 33 | 30 | 30 | 34 | 35 | 0 | — |
| Net Profit | -4 | 10 | 13 | 19 | 26 | 28 | 35 | 56 | -685 | -1088 |
| EPS in Rs | — | — | — | 2.88 | 3.49 | 2.84 | 3.41 | 5.09 | -61.95 | -98.34 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 18 | 29 | 20 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Sep 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 20 | 24 | 24 | 32 | 38 | 49 | 103 | 111 | 111 | 111 |
| Reserves | 2 | 17 | 180 | 105 | 125 | 173 | 171 | 262 | -442 | -666 |
| Borrowings | 77 | 82 | 93 | 105 | 124 | 146 | 204 | 242 | 502 | 1046 |
| Other Liabilities | 18 | 47 | 67 | 145 | 205 | 313 | 421 | 1378 | 1666 | 893 |
| Total Liabilities | 117 | 171 | 363 | 387 | 492 | 681 | 898 | 1993 | 1837 | 1384 |
| Fixed Assets | 64 | 68 | 65 | 64 | 82 | 95 | 102 | 107 | 127 | 123 |
| CWIP | 0 | 0 | 0 | 17 | 0 | 0 | 5 | 12 | 1 | 1 |
| Investments | 0 | 4 | 4 | 14 | 14 | 14 | 15 | 15 | 15 | 2 |
| Other Assets | 53 | 99 | 295 | 292 | 397 | 572 | 776 | 1860 | 1694 | 1258 |
| Total Assets | 117 | 171 | 363 | 387 | 492 | 681 | 898 | 1993 | 1837 | 1384 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | 3 | 10 | 5 | -11 | 22 | 26 | 25 | 66 | -93 |
| Cash from Investing Activity | -52 | -1 | -5 | 1 | -28 | -7 | -17 | -20 | -49 | -94 |
| Cash from Financing Activity | 50 | -1 | -1 | 146 | -99 | -6 | 5 | 16 | 8 | 162 |
| Net Cash Flow | -3 | 2 | 4 | 151 | -139 | 9 | 14 | 20 | 25 | -25 |
| Free Cash Flow | -55 | 2 | 9 | 5 | -30 | 18 | 8 | 3 | 45 | -113 |
| CFO/OP | 158 | 36 | 37 | 20 | -15 | 39 | 41 | 33 | 52 | 15 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 26 | 163 | 129 | 139 | 157 | 144 | 125 | 121 | 163 | 199 |
| Inventory Days | — | 261 | 75 | 65 | 55 | 61 | 61 | 52 | 48 | 24 |
| Days Payable | — | 0 | 116 | 114 | 120 | 119 | 124 | 116 | 247 | 260 |
| Cash Conversion Cycle | 26 | 424 | 88 | 89 | 92 | 85 | 63 | 57 | -36 | -37 |
| Working Capital Days | 10708 | 226 | 105 | 119 | 108 | 95 | 83 | 78 | 71 | -27 |
| ROCE % | -2 | 6 | 24 | 16 | 19 | 27 | 28 | 27 | 30 | -152 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- |
| Promoters | 41.19% | 30.35% | 30.35% |
| FIIs | 13.94% | 6.08% | 6.08% |
| DIIs | 0.24% | 0% | 0.02% |
| Public | 44.63% | 63.57% | 63.56% |
| No. of Shareholders | 8115 | 28304 | 27872 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 41.19% | 41.19% | 41.19% | 41.19% | 41.19% | 30.35% | 30.35% | 30.35% | 30.35% |
| FIIs | 12.26% | 12.45% | 13.7% | 13.94% | 13.37% | 7.44% | 6.08% | 6.08% | 6.08% |
| DIIs | 0.14% | 0.33% | 0.15% | 0.24% | 0.11% | 0.01% | 0% | 0% | 0.02% |
| Public | 46.41% | 46.02% | 44.96% | 44.63% | 45.33% | 62.21% | 63.57% | 63.57% | 63.56% |
| No. of Shareholders | 8698 | 7901 | 7589 | 8115 | 17155 | 27782 | 28684 | 28304 | 27872 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 6 / 8 / 5

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 68.13 | Buy |
| EMA (10) | 67.93 | Buy |
| SMA (20) | 68.27 | Buy |
| EMA (20) | 68.7 | Sell |
| SMA (50) | 73.65 | Sell |
| EMA (50) | 71.51 | Sell |
| SMA (100) | 73.06 | Sell |
| EMA (100) | 72.11 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.26 | Neutral |
| MACD (12,26,9) | -1.32 | Buy |
| Stochastic (14,3,3) | 40.32 | Neutral |
| ADX (14) | 29.5 | Buy |
| Williams %R (14) | -29.37 | Neutral |
| ATR (14) | 2.58 | High Volatility |
| ROC (12) | 0.22 | Buy |
| Stoch RSI (14) | 71.18 | Neutral |
| UO (7,14,28) | 63.63 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2019-05-02 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fe3b6d4-6cab-4bf9-853d-d7a64dcd6b15.pdf) |
| 2019-05-02 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4fe3b6d4-6cab-4bf9-853d-d7a64dcd6b15.pdf) |
| 2019-02-22 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13e5e9b4-4360-4b84-9163-3ae8ee15b763.pdf) |
| 2019-02-22 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13e5e9b4-4360-4b84-9163-3ae8ee15b763.pdf) |
| 2019-02-12 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=815a4990-dd11-4966-b065-01dc6b08af18.pdf) |
| 2019-02-12 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/815a4990-dd11-4966-b065-01dc6b08af18.pdf) |
| 2019-02-06 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9721a446-66d1-45ab-8aff-066afe7be2ed.pdf) |
| 2019-02-06 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/9721a446-66d1-45ab-8aff-066afe7be2ed.pdf) |
| 2019-01-14 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef86d873-4d6a-4092-809a-6d4f0e5cd079.pdf) |
| 2019-01-14 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/1/ef86d873-4d6a-4092-809a-6d4f0e5cd079.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/533389/5333890317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/533389/5333890316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/533389/5333890315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/533389/5333890314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/533389/5333890313.pdf) |
| 2013 | [Annual Report 2013](https://archives.nseindia.com/annual_reports/AR_1511_SHILPI_2012_2013_05092013155435.zip) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/533389/5333890312.pdf) |
| 2012 | [Annual Report 2012](https://archives.nseindia.com/annual_reports/AR_SHILPI_2011_2012_17092012101623.zip) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/533389/5333890311.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_SHILPI_2010_2011_25102011052828.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7A8FEBDD_E165_4C33_99DA_0B71B3BC6795_185247.pdf) |
| Aug 2016 | [Concall - Aug 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1C90052A_BC71_45DB_84E6_56B18617DE84_172524.pdf) |
| Jun 2016 | [Concall - Jun 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7F81AECE_F308_493C_B2E4_788AD5BB875A_184929.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-08-21 | Credit rating update — ICRA |
| 2024-10-07 | Credit rating update — ICRA |
| 2023-10-19 | Credit rating update — ICRA |
| 2022-11-02 | Credit rating update — ICRA |
| 2021-11-08 | Credit rating update — ICRA |
| 2020-11-09 | Credit rating update — ICRA |
| 2019-12-27 | Credit rating update — ICRA |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:57:55.772Z.