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Shaily Engineering Plastics Limited
(SHAILY)
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Rating:69Neutral
Price Target:
₹3,667.00
▲(23.63% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by strong financial performance (profitability and leverage improvement), supported by positive technical momentum. These are meaningfully offset by expensive valuation (high P/E with minimal dividend support) and weaker cash conversion versus reported earnings.
Positive Factors
Revenue Scaling and Embedded Demand
Revenue scaling from ~3.6B in 2021 to ~9.9B in 2026, alongside repeat production programs and engineered components, indicates expanding demand and embedded customer relationships. This can support durable volume growth across healthcare, consumer and industrial markets.
Negative Factors
Weak Cash Conversion
Free cash flow is positive but only ~15% of 2026 net income, and operating cash flow has not consistently tracked earnings. Persistent working-capital or reinvestment demands could limit internally funded expansion and make reported profit less convertible into durable cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling and Embedded Demand
Revenue scaling from ~3.6B in 2021 to ~9.9B in 2026, alongside repeat production programs and engineered components, indicates expanding demand and embedded customer relationships. This can support durable volume growth across healthcare, consumer and industrial markets.
Read all positive factors
Shaily Engineering Plastics Limited (SHAILY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹138.49B
Dividend Yield0.1%
Average Volume (3M)11.45K
Price to Earnings (P/E)78.5
Beta (1Y)0.52
Revenue Growth19.97%
EPS Growth51.18%
CountryIN
Employees629
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)38.46
Shares Outstanding45,995,247
10 Day Avg. Volume12,440
30 Day Avg. Volume11,447
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)13.37
Price to Sales (P/S)9.67
P/FCF Ratio298.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)52.34
Revenue Forecast (FY)₹12.78B
Shaily Engineering Plastics Limited Business Overview & Revenue Model
Company Description
Shaily Engineering Plastics Limited, an Indian company headquartered in Vadodara and established in 1980, specializes in the manufacturing and sale of high-precision injection-molded plastic components. The company's diverse product portfolio serv...
How the Company Makes Money
SHAILY primarily makes money by manufacturing and supplying precision injection-moulded plastic components and assemblies to business customers. Revenue is generated through (a) recurring production orders for high-volume molded parts (typically p...
Shaily Engineering Plastics Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.25B | 9.91B | 7.87B | 6.44B | 6.07B | 5.68B |
| Gross Profit | 4.97B | 3.73B | 3.33B | 2.39B | 1.86B | 1.75B |
| EBITDA | 3.01B | 2.88B | 1.75B | 1.16B | 936.72M | 798.95M |
| Net Income | 1.77B | 1.70B | 931.19M | 572.91M | 351.50M | 352.66M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.47B | 9.33B | 7.82B | 6.93B | 6.77B |
| Cash, Cash Equivalents and Short-Term Investments | 251.73M | 251.73M | 231.38M | 222.17M | 275.21M | 431.47M |
| Total Debt | 0.00 | 1.77B | 1.88B | 2.09B | 1.88B | 1.75B |
| Total Liabilities | -7.17B | 4.30B | 3.85B | 3.23B | 2.91B | 3.10B |
| Stockholders Equity | 7.17B | 7.17B | 5.48B | 4.59B | 4.01B | 3.67B |
Cash Flow | ||||||
| Free Cash Flow | 101.05M | 320.96M | 420.46M | 52.29M | -216.59M | -657.75M |
| Operating Cash Flow | 984.33M | 2.11B | 1.10B | 922.65M | 899.81M | 550.08M |
| Investing Cash Flow | -895.89M | -1.85B | -713.26M | -938.22M | -1.01B | -1.29B |
| Financing Cash Flow | -66.90M | -235.08M | -418.72M | 46.37M | -51.27M | 1.08B |
Shaily Engineering Plastics Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹138.49B | 78.52 | ― | 0.10% | 19.97% | 51.18% | |
65 Neutral | ₹160.78B | 41.19 | ― | 0.17% | 6.02% | 19.02% | |
64 Neutral | ₹25.66B | 12.00 | ― | 0.71% | 15.33% | 9.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹32.23B | 20.98 | ― | 0.29% | 9.55% | 13.87% | |
52 Neutral | ₹46.90B | 6.88 | ― | 0.46% | 10.36% | 128.39% | |
47 Neutral | ₹28.61B | -2.91 | ― | 0.90% | -58.49% | -4440.85% |
* General Sector Average
IN:SHAILY
Shaily Engineering Plastics Limited
3,010.95
861.01
40.05%
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Shaily Engineering Plastics Limited Corporate Events
Shaily Engineering Plastics Publishes Notice of 46th AGM and E-Voting Details
Aug 18, 2026
Shaily Engineering Plastics Limited, a listed manufacturer in the engineering plastics space, develops and supplies precision plastic components for industrial and consumer applications. The company is traded on BSE and NSE, reflecting its integra...
Shaily Engineering Plastics Sets Dividend Record Date and Extends MD Tenure
Aug 8, 2026
Shaily Engineering Plastics Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, while also clearing a revised Code of Conduct for prevention of insider trading to stren...
Shaily Engineering Plastics releases Q1 and FY27 investor presentation ahead of earnings call
Aug 8, 2026
Shaily Engineering Plastics Limited has released its Q1 and FY27 investor presentation, aligning with an upcoming earnings call scheduled to discuss the company’s operational and financial performance for the quarter ended June 30, 2026. The...
Shaily Engineering Plastics clears Q1 results, dividend record date and extends MD tenure
Aug 8, 2026
Shaily Engineering Plastics Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and cleared a revised code of conduct for prevention of insider trading, signaling cont...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.