Shilchar Technologies Limited (SHILCTECH) AI Stock Analysis

Shilchar Technologies Limited

(NSE:SHILCTECH)

Select Model

Rating:67Neutral

Price Target:INR 3,937.00▲(9.29% Upside)

Action:initiatedcoverage

Date:11/05/26

The score is driven primarily by strong financial performance—high profitability, high ROE, and a debt-free balance sheet—tempered by inconsistency (2026 revenue decline and cash-flow volatility). Technicals are a key drag as the stock is below major moving averages with negative momentum. Valuation is middling due to a higher P/E and low dividend yield.

Positive Factors

Debt-free balance sheetA debt-free balance sheet reduces financial risk and interest obligations while preserving flexibility to fund capacity, technology, or working-capital needs internally. Strong ROE also indicates that management has been using shareholders’ capital efficiently, supporting resilience through industry cycles.

Negative Factors

Latest revenue contractionThe latest revenue contraction shows that growth is not yet consistent despite the strong 2021–2025 trajectory. A weaker top line can reduce operating leverage, make capacity planning less efficient, and challenge the sustainability of recently elevated profitability over the next several quarters.

Shilchar Technologies Limited (SHILCTECH) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 41.30B
Dividend Yield: 0.35%
Average Volume (3M): 1,891
Price to Earnings (P/E): 33.1
Beta (1Y): 1.28
Revenue Growth: -9.29%
EPS Growth: -29.85%
Country: India
Employees: 488
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Shilchar Technologies Limited Business Overview & Revenue Model

Company Description

Shilchar Technologies Ltd. engages in the manufacture of distribution and power transformers. It also manufactures electronics and telecommunication transformers. The company was founded by Jitendra Chimanlal Shah on January 13,1986 and is headquarte...

Shilchar Technologies Limited Financial Statement Overview

Summary

Strong fundamentals supported by sharp multi-year revenue expansion (2021–2025), materially higher profitability with net margins rising to ~23–24% in recent years, and a very conservative balance sheet with zero debt and high ROE. Offsetting factors are a 2026 revenue decline (-10.96%) and historically volatile cash conversion (notably weak/negative operating and free cash flow in earlier years), suggesting earnings and cash flow can be project-timing/cycle sensitive.

Income Statement

86Very Positive

Balance Sheet

92Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	6.28B	6.52B	6.23B	3.97B	2.80B	1.80B
Gross Profit	1.90B	2.19B	2.34B	1.46B	804.22M	395.67M
EBITDA	1.82B	2.16B	1.85B	1.26B	611.64M	227.70M
Net Income	1.38B	1.58B	1.47B	918.88M	431.22M	140.40M
Balance Sheet
Total Assets	0	5.91B	4.90B	2.92B	1.78B	1.46B
Cash, Cash Equivalents and Short-Term Investments	2.46B	2.46B	906.14M	805.54M	161.78M	8.93M
Total Debt	0	0	0	0	0	170.30M
Total Liabilities	-4.91B	996.68M	1.43B	828.95M	563.25M	662.09M
Stockholders Equity	4.91B	4.91B	3.47B	2.10B	1.21B	797.69M
Cash Flow
Free Cash Flow	0	1.70B	211.75M	670.57M	336.99M	-88.31M
Operating Cash Flow	0	1.94B	395.63M	772.56M	392.24M	-64.50M
Investing Cash Flow	0	-1.71B	-477.67M	-236.14M	-120.98M	-8.65M
Financing Cash Flow	0	-304.87M	45.67M	-287.85M	-185.85M	60.65M

Shilchar Technologies Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price3602.45

Price Trends

50DMA3911.56Negative

100DMA4123.58Negative

200DMA4087.14Negative

Market Momentum

MACD-100.83Negative

RSI42.04Neutral

STOCH27.34Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHILCTECH, the sentiment is Negative. The current price of 3602.45 is below the 20-day moving average (MA) of 3695.80, below the 50-day MA of 3911.56, and below the 200-day MA of 4087.14, indicating a bearish trend. The MACD of -100.83 indicates Negative momentum. The RSI at 42.04 is Neutral, neither overbought nor oversold. The STOCH value of 27.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHILCTECH.

Shilchar Technologies Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SHILCTECH against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:HFCL	70Outperform	INR 316.22B	37.00	―	0.09%	101.01%	2852.77%
IN:SHILCTECH	67Neutral	INR 41.43B	33.08	―	0.35%	-9.29%	-29.85%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:STLTECH	55Neutral	INR 344.88B	46.28	―	―	63.47%	―
IN:MOSCHIP	53Neutral	INR 32.78B	-218.24	―	―	-1.01%	-135.70%
IN:EXICOM	38Underperform	INR 19.03B	-8.01	―	―	45.82%	16.31%
IN:TVSELECT	38Underperform	INR 7.34B	-412.32	―	―	11.68%	70.28%

* General Sector Average

Performance Comparison

IN:SHILCTECH and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SHILCTECH	Shilchar Technologies Limited	3602.45	-673.89	-15.76%
IN:EXICOM	Exicom Tele-Systems Ltd.	140.55	7.95	6.00%
IN:HFCL	HFCL Limited	211.40	135.77	179.52%
IN:STLTECH	Sterlite Technologies Limited	704.20	587.25	502.14%
IN:TVSELECT	TVS Electronics Limited	399.50	-262.55	-39.66%
IN:MOSCHIP	Moschip Technologies Ltd	172.00	-55.80	-24.50%

Shilchar Technologies Limited Corporate Events

Shilchar Technologies Files Q1 FY27 Investor Presentation with BSE and NSE

Aug 12, 2026

Shilchar Technologies Limited has submitted its investor presentation for the quarter ended 30 June 2026 to both BSE and NSE in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements. The disclosure, signed by the com...

Shilchar Technologies Schedules Q1FY27 Earnings Call for Investors

Aug 11, 2026

Shilchar Technologies Limited, a technology and electrical equipment firm based in Vadodara, India, is listed on both BSE and NSE under the scrip codes 531201 and SHILCTECH. The company’s leadership team includes Chairman and Managing Director Alay J...

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.

Date of analysis: Nov 05, 2026

Shilchar Technologies Limited AI Stock Analysis