Shish Industries Ltd

Shish Industries Ltd

₹ 159 0.76%
02 May 4:01 p.m.
About

Incorporated in 2012, Shish Industries
Ltd manufactures, trades and markets PP Sheets and Rolls[1]

Key Points

Business Overview:[1]
SIL is in the business of manufacturing solutions in the protective packaging domain. It was the 1st company to develop & patent 5-ply Polypropylene Corrugated Sheet. Company is a Developer of Indigenous Reflective Insulation Product- Carmika™. It also pioneered the concept of Insulated water tank covers in India

  • Market Cap 557 Cr.
  • Current Price 159
  • High / Low 172 / 92.9
  • Stock P/E 66.1
  • Book Value 16.9
  • Dividend Yield 0.00 %
  • ROCE 21.3 %
  • ROE 18.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 56.8% CAGR over last 5 years

Cons

  • Stock is trading at 9.43 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last 3 years: -3.76%
  • Working capital days have increased from 148 days to 209 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
9.11 11.99 13.27 8.82 15.94 17.45 17.92 15.54 19.32 16.59 19.31 23.86 25.72
8.60 11.32 12.69 8.27 14.13 16.43 16.03 13.70 16.80 15.65 16.99 22.17 20.12
Operating Profit 0.51 0.67 0.58 0.55 1.81 1.02 1.89 1.84 2.52 0.94 2.32 1.69 5.60
OPM % 5.60% 5.59% 4.37% 6.24% 11.36% 5.85% 10.55% 11.84% 13.04% 5.67% 12.01% 7.08% 21.77%
0.57 0.18 0.45 0.23 0.14 0.85 0.79 0.90 -0.79 1.14 0.11 1.03 0.37
Interest 0.13 0.06 0.12 0.10 0.07 0.08 0.07 0.05 0.14 0.16 0.16 0.18 0.27
Depreciation 0.24 0.23 0.23 0.24 0.30 0.23 0.24 0.26 0.26 0.22 0.25 0.29 0.37
Profit before tax 0.71 0.56 0.68 0.44 1.58 1.56 2.37 2.43 1.33 1.70 2.02 2.25 5.33
Tax % 33.80% 25.00% 25.00% 22.73% 23.42% 24.36% 24.89% 24.69% 29.32% 24.71% 24.75% 25.33% 25.89%
0.47 0.42 0.51 0.34 1.21 1.17 1.79 1.83 0.94 1.28 1.52 1.68 3.95
EPS in Rs 0.16 0.14 0.17 0.11 0.38 0.37 0.57 0.58 0.28 0.37 0.44 0.48 1.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 May 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.90 3.68 5.19 0.00 8.30 11.03 16.00 28.28 50.01 70.19 85.48
0.00 0.84 3.13 4.59 0.00 6.85 8.81 13.95 26.05 46.40 62.91 74.93
Operating Profit 0.00 0.06 0.55 0.60 0.00 1.45 2.22 2.05 2.23 3.61 7.28 10.55
OPM % 6.67% 14.95% 11.56% 17.47% 20.13% 12.81% 7.89% 7.22% 10.37% 12.34%
0.00 0.07 0.15 0.14 0.00 0.12 0.11 0.37 0.80 1.00 1.75 2.65
Interest 0.00 0.15 0.25 0.27 0.00 0.23 0.28 0.25 0.30 0.35 0.35 0.77
Depreciation 0.03 0.36 0.41 0.39 0.00 0.49 0.79 0.84 0.83 1.01 1.00 1.12
Profit before tax -0.03 -0.38 0.04 0.08 0.00 0.85 1.26 1.33 1.90 3.25 7.68 11.31
Tax % 33.33% 31.58% 50.00% 37.50% 28.24% 29.37% 26.32% 28.95% 24.00% 25.52% 25.46%
-0.02 -0.27 0.03 0.05 0.00 0.61 0.89 0.97 1.34 2.47 5.73 8.43
EPS in Rs 0.00 0.21 0.30 0.33 0.44 0.78 1.73 2.41
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 51%
3 Years: 45%
TTM: 22%
Compounded Profit Growth
10 Years: 83%
5 Years: 57%
3 Years: 85%
TTM: 47%
Stock Price CAGR
10 Years: %
5 Years: 92%
3 Years: 85%
1 Year: 47%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 19%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 May 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.00 0.00 0.00 0.00 3.09 4.44 4.44 4.44 10.11 10.54 11.06 35.01
Reserves 0.00 0.00 0.00 0.00 0.00 3.31 4.20 5.17 1.61 6.72 22.56 24.09
0.57 2.18 2.22 2.30 1.91 2.54 2.40 1.98 1.04 4.63 7.30 13.22
0.70 2.10 2.52 2.84 0.65 0.37 1.31 1.45 4.38 5.33 10.95 11.80
Total Liabilities 1.27 4.28 4.74 5.14 5.65 10.66 12.35 13.04 17.14 27.22 51.87 84.12
0.63 2.62 2.40 2.39 2.36 3.72 5.28 4.68 5.66 5.74 5.17 11.30
CWIP 0.00 0.00 0.00 0.00 0.00 1.56 0.00 0.00 0.00 0.11 0.73 4.40
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.61 0.94
0.64 1.66 2.34 2.75 3.29 5.38 7.07 8.36 11.48 21.13 45.36 67.48
Total Assets 1.27 4.28 4.74 5.14 5.65 10.66 12.35 13.04 17.14 27.22 51.87 84.12

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 May 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.01 -0.16 0.27 0.31 -0.01 -3.38 0.95 0.53 2.25 -5.32 -1.05 -16.12
-0.56 -2.29 -0.12 -0.31 0.00 -6.22 -0.81 -0.22 -1.81 -1.42 -1.35 -16.77
0.56 3.05 -0.10 -0.07 0.01 9.68 -0.14 -0.35 -0.42 6.74 13.05 22.25
Net Cash Flow 0.01 0.60 0.05 -0.07 0.00 0.09 0.00 -0.04 0.02 -0.01 10.65 -10.64

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 May 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 56.78 64.47 47.12 88.39 56.92 25.32 25.94 64.52 110.56 80.40
Inventory Days 372.45 90.87 93.10 169.19 248.15 163.41 95.54 78.47 64.30 74.52
Days Payable 134.08 59.07 57.13 11.16 59.74 30.33 60.52 38.77 61.41 43.69
Cash Conversion Cycle 295.15 96.28 83.09 246.42 245.33 158.41 60.96 104.22 113.45 111.24
Working Capital Days 223.06 91.25 90.72 194.81 158.84 137.56 83.25 113.49 122.67 209.02
ROCE % -10.34% -16.73% 13.18% 15.49% 0.00% 17.16% 14.44% 13.96% 18.07% 20.78% 25.57%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.58% 70.58% 70.58% 71.88% 71.88% 71.88% 71.88% 68.48% 66.48% 66.48% 66.82% 66.82%
29.42% 29.42% 29.42% 28.12% 28.12% 28.11% 28.12% 31.52% 33.52% 33.53% 33.19% 33.17%
No. of Shareholders 4945194947012,0576,6987,6847,4148,32210,60110,88611,194

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