BSE: 501423 | NSE: SHAILY | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shaily Engineering Plastics Ltd is a average quality company.
The key valuation ratios of Shaily Engineering Plastics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Shaily Engineering Plastics Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16% | 19.8% | 18.9% | 20.7% | 16.5% | 15.2% | 12.9% | 14% | 10.5% | 11.1% | - |
| Value Creation Index ⓘ | 0.2 | 0.4 | 0.4 | 0.5 | 0.2 | 0.1 | -0.1 | 0 | -0.3 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 180 | 226 | 246 | 318 | 338 | 336 | 361 | 566 | 600 | 616 | 656 |
| Sales YoY Gr. | - | 25.5% | 9% | 29.5% | 6.3% | -0.7% | 7.3% | 56.9% | 6% | 2.7% | - |
| Adj EPS ⓘ | 3.1 | 3.7 | 3.4 | 5.5 | 4.4 | 5.6 | 4.9 | 6.9 | 7 | 7.6 | 8.9 |
| YoY Gr. | - | 19.6% | -8.6% | 60.9% | -19.2% | 25.6% | -11.5% | 40.7% | 1.2% | 8.2% | - |
| BVPS (₹) ⓘ | 18.8 | 21.6 | 25.4 | 29.9 | 32.7 | 38.3 | 43.7 | 80 | 86.3 | 93.8 | 97.7 |
| Adj Net Profit ⓘ | 12.9 | 15.5 | 14.2 | 22.7 | 18.4 | 23.1 | 20.4 | 31.7 | 32.1 | 34.7 | 41 |
| Cash Flow from Ops. ⓘ | 4.2 | 35.7 | 17 | 5.3 | 66.5 | 66 | 22.5 | 56 | 84.7 | 74.5 | - |
| Debt/CF from Ops. ⓘ | 20 | 1.9 | 3.9 | 20.1 | 1.8 | 2 | 8.9 | 3.1 | 2.2 | 2.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.7% | 12.7% | 19.5% | 2.7% | ||||
| Adj EPS ⓘ | 10.4% | 11.3% | 15.5% | 8.2% | ||||
| BVPSⓘ | 19.6% | 23.5% | 29% | 8.8% | ||||
| Share Price | 53.9% | 53.9% | 48.2% | 216.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21.4 | 18.4 | 14.5 | 19.8 | 14.1 | 15.6 | 12 | 11.5 | 8.4 | 8.4 | 9.3 |
| Op. Profit Mgn % ⓘ | 14.7 | 17.3 | 16.8 | 17 | 15.8 | 17.5 | 16.7 | 14.5 | 15.1 | 15.6 | 16.3 |
| Net Profit Mgn % ⓘ | 7.2 | 6.9 | 5.8 | 7.1 | 5.4 | 6.9 | 5.7 | 5.6 | 5.4 | 5.6 | 6.2 |
| Debt to Equity ⓘ | 1.1 | 0.8 | 0.6 | 0.9 | 0.9 | 0.8 | 1.1 | 0.5 | 0.5 | 0.5 | 0.1 |
| Working Cap Days ⓘ | 152 | 129 | 129 | 152 | 177 | 178 | 190 | 151 | 148 | 143 | 65 |
| Cash Conv. Cycle ⓘ | 50 | 57 | 63 | 66 | 72 | 62 | 69 | 65 | 64 | 65 | 4 |
Sales growth is growing at healthy rate in last 3 years 19.54%
Net Profit is growing at healthy rate in last 3 years 15.47%
Sales growth is good in last 4 quarters at 13.91%
Return on Equity has declined versus last 3 years average to 9.30%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.9 | 15.9 |
| TTM Sales (₹ Cr.) | 656 | 700 |
| BVPS (₹.) ⓘ | 97.7 | 107.7 |
| Reserves (₹ Cr.) ⓘ | 440 | 486 |
| P/BV ⓘ | 11.67 | 10.59 |
| PE ⓘ | 128.24 | 71.57 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 309.45 / 1184.00 |
| All Time Low / High (₹) | 7.14 / 1184.00 |
| Market Cap (₹ Cr.) | 5,239 |
| Equity (₹ Cr.) | 9.2 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 39.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 180 | 226 | 246 | 318 | 338 | 336 | 361 | 566 | 600 | 616 |
| Operating Expenses ⓘ | 153 | 187 | 205 | 264 | 285 | 277 | 300 | 484 | 512 | 520 |
| Manufacturing Costs | 13 | 16 | 18 | 34 | 38 | 38 | 37 | 63 | 54 | 63 |
| Material Costs | 103 | 122 | 151 | 199 | 210 | 198 | 215 | 357 | 386 | 370 |
| Employee Cost | 20 | 23 | 26 | 20 | 25 | 26 | 34 | 43 | 47 | 56 |
| Other Costs ⓘ | 18 | 25 | 9 | 12 | 12 | 15 | 14 | 20 | 24 | 32 |
| Operating Profit ⓘ | 26 | 39 | 41 | 54 | 53 | 59 | 60 | 82 | 88 | 96 |
| Operating Profit Margin (%) | 14.7% | 17.3% | 16.7% | 17.0% | 15.8% | 17.5% | 16.7% | 14.5% | 14.6% | 15.6% |
| Other Income ⓘ | 2 | 3 | 3 | 2 | 2 | 1 | 3 | 9 | 5 | 6 |
| Interest ⓘ | 7 | 10 | 8 | 8 | 10 | 11 | 14 | 18 | 19 | 19 |
| Depreciation ⓘ | 6 | 10 | 13 | 14 | 15 | 18 | 20 | 26 | 33 | 35 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 15 | 21 | 23 | 34 | 30 | 31 | 30 | 46 | 40 | 49 |
| Tax ⓘ | 2 | 6 | 7 | 10 | 11 | 7 | 8 | 11 | 10 | 13 |
| Profit After Tax | 13 | 15 | 16 | 24 | 19 | 24 | 22 | 35 | 30 | 36 |
| PAT Margin (%) | 7.2% | 6.9% | 6.4% | 7.5% | 5.7% | 7.0% | 6.1% | 6.2% | 5.0% | 5.9% |
| Adjusted EPS (₹) | 3.1 | 3.7 | 3.8 | 5.7 | 4.6 | 5.7 | 5.3 | 7.7 | 6.5 | 7.9 |
| Dividend Payout Ratio (%) | 13% | 21% | 26% | 26% | 0% | 0% | 0% | 0% | 0% | 13% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 78 | 90 | 105 | 124 | 136 | 159 | 182 | 367 | 396 | 430 |
| Share Capital ⓘ | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 |
| Reserves ⓘ | 70 | 81 | 97 | 116 | 128 | 151 | 174 | 358 | 386 | 421 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 70 | 51 | 53 | 85 | 98 | 123 | 173 | 135 | 146 | 169 |
| Long Term Debt | 33 | 31 | 16 | 21 | 47 | 72 | 128 | 102 | 63 | 70 |
| Short Term Debt | 37 | 20 | 37 | 64 | 51 | 51 | 45 | 33 | 83 | 99 |
| Trade Payables | 15 | 19 | 20 | 37 | 33 | 52 | 47 | 84 | 51 | 67 |
| Others Liabilities ⓘ | 29 | 32 | 22 | 39 | 45 | 47 | 65 | 90 | 92 | 86 |
| Total Liabilities ⓘ | 192 | 191 | 200 | 285 | 312 | 381 | 467 | 676 | 685 | 752 |
Fixed Assets | ||||||||||
| Gross Block | 142 | 171 | 107 | 135 | 187 | 216 | 305 | 433 | 499 | 623 |
| Accumulated Depreciation | 65 | 74 | 13 | 28 | 42 | 59 | 78 | 104 | 136 | 171 |
| Net Fixed Assetsⓘ | 77 | 97 | 94 | 108 | 145 | 157 | 227 | 329 | 362 | 453 |
| CWIP ⓘ | 1 | 0 | 4 | 6 | 5 | 46 | 30 | 29 | 55 | 17 |
| Investmentsⓘ | 26 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 15 | 21 |
| Inventories | 20 | 22 | 28 | 41 | 43 | 50 | 67 | 111 | 73 | 84 |
| Trade Receivables | 37 | 36 | 46 | 68 | 60 | 61 | 70 | 100 | 89 | 112 |
| Cash Equivalents | 6 | 13 | 4 | 4 | 2 | 10 | 3 | 43 | 22 | 9 |
| Others Assetsⓘ | 26 | 21 | 25 | 59 | 57 | 58 | 71 | 55 | 69 | 57 |
| Total Assets ⓘ | 192 | 191 | 200 | 285 | 312 | 381 | 467 | 676 | 685 | 752 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | 36 | 17 | 5 | 66 | 66 | 22 | 56 | 85 | 74 |
| PBT ⓘ | 15 | 21 | 23 | 34 | 30 | 31 | 30 | 46 | 40 | 49 |
| Adjustment ⓘ | 13 | 19 | 18 | 20 | 25 | 30 | 31 | 42 | 50 | 56 |
| Changes in Working Capital ⓘ | -21 | 0 | -20 | -41 | 22 | 15 | -33 | -26 | 0 | -22 |
| Tax Paid ⓘ | -3 | -5 | -4 | -8 | -11 | -9 | -6 | -6 | -6 | -9 |
| Cash Flow From Investing Activity ⓘ | -38 | 1 | -14 | -26 | -63 | -64 | -82 | -134 | -93 | -92 |
| Capex | -31 | -27 | -17 | -26 | -65 | -62 | -83 | -116 | -98 | -88 |
| Net Investments | -25 | 27 | 2 | 0 | 0 | 0 | 1 | -10 | 8 | 0 |
| Others ⓘ | 18 | 1 | 2 | 1 | 2 | -1 | 0 | -8 | -4 | -4 |
| Cash Flow From Financing Activityⓘ | 32 | -29 | -11 | 20 | -4 | 4 | 53 | 108 | -5 | 5 |
| Net Proceeds from Shares ⓘ | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 150 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -1 | -17 | 5 | 26 | 14 | 72 | -13 | -38 | 6 |
| Interest Paid ⓘ | -9 | -9 | -7 | -7 | -9 | -10 | -13 | -16 | -16 | -16 |
| Dividend Paid ⓘ | 0 | -2 | -4 | -5 | -8 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 15 | -17 | 17 | 27 | -13 | -1 | -6 | -12 | 49 | 14 |
| Net Cash Flow ⓘ | -1 | 8 | -8 | 0 | 0 | 6 | -6 | 30 | -14 | -13 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.56 | 18.45 | 16.24 | 20.8 | 14.81 | 15.97 | 12.91 | 12.8 | 7.87 | 8.75 |
| ROCE (%) | 16.03 | 19.83 | 18.91 | 20.73 | 16.51 | 15.22 | 12.88 | 14.02 | 10.53 | 11.07 |
| Asset Turnover Ratio | 1.1 | 1.21 | 1.29 | 1.32 | 1.13 | 0.97 | 0.85 | 1 | 0.9 | 0.86 |
| PAT to CFO Conversion(x) | 0.31 | 2.4 | 1.06 | 0.21 | 3.47 | 2.75 | 1 | 1.6 | 2.83 | 2.06 | Working Capital Days |
| Receivable Days | 69 | 58 | 60 | 65 | 69 | 66 | 66 | 54 | 56 | 59 |
| Inventory Days | 35 | 34 | 36 | 39 | 45 | 50 | 59 | 57 | 55 | 46 |
| Payable Days | 75 | 50 | 47 | 52 | 60 | 78 | 84 | 67 | 64 | 58 |
Shaily Engineering Plastics had humble beginning in 1987. Mike Sanghvi (a plastics technologist with over 20 years of rich experience in demanding North American Plastics Industries) started the Halol plant to provide service excellence in plastics injection moulding. Shaily is one of the few companies in India, which can take an idea through concept to engineering drawing, prototype, testing, tool design and manufacture to final components and assemblies.
The company also has a 50:50 JV with a premier European design house (Industrial Design Consultancy of UK) in the name of Shaily-IDC (India). Shaily is one of the very few companies having Class 10000 Clean Room Injection Moulding Facility.
In 2011 the company was awarded as the top exporter of Engineering Components of Plastics by 'The Plastics Export Promotion Council'.
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