Shilp Gravures Ltd
Incorporated in 1993, Shilp Gravures Ltd manufactures engraved copper rollers and does energy generation through wind mill[1]
- Market Cap ₹ 96.1 Cr.
- Current Price ₹ 156
- High / Low ₹ 315 / 130
- Stock P/E 9.75
- Book Value ₹ 175
- Dividend Yield 1.34 %
- ROCE 11.9 %
- ROE 9.48 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.90 times its book value
- Company has been maintaining a healthy dividend payout of 19.5%
Cons
- The company has delivered a poor sales growth of 7.09% over past five years.
- Company has a low return on equity of 5.86% over last 3 years.
- Working capital days have increased from 99.7 days to 185 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
Industrials Capital Goods Industrial Products Aluminium, Copper & Zinc Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59.67 | 63.59 | 64.64 | 69.04 | 74.13 | 65.87 | 62.75 | 67.71 | 76.95 | 77.70 | 82.61 | 88.38 | |
| 45.99 | 48.81 | 49.02 | 54.36 | 58.81 | 54.17 | 50.99 | 55.94 | 63.77 | 67.31 | 75.75 | 73.65 | |
| Operating Profit | 13.68 | 14.78 | 15.62 | 14.68 | 15.32 | 11.70 | 11.76 | 11.77 | 13.18 | 10.39 | 6.86 | 14.73 |
| OPM % | 22.93% | 23.24% | 24.16% | 21.26% | 20.67% | 17.76% | 18.74% | 17.38% | 17.13% | 13.37% | 8.30% | 16.67% |
| 0.86 | -1.66 | 1.18 | 1.40 | 1.81 | -1.97 | 6.39 | 4.01 | 1.64 | 8.79 | 3.63 | 0.35 | |
| Interest | 2.15 | 1.70 | 0.98 | 0.99 | 1.20 | 1.30 | 0.85 | 0.27 | 0.27 | 0.25 | 0.28 | 0.26 |
| Depreciation | 6.24 | 6.07 | 6.07 | 6.59 | 6.86 | 5.89 | 4.79 | 4.35 | 4.24 | 4.36 | 5.07 | 5.15 |
| Profit before tax | 6.15 | 5.35 | 9.75 | 8.50 | 9.07 | 2.54 | 12.51 | 11.16 | 10.31 | 14.57 | 5.14 | 9.67 |
| Tax % | 26.02% | 43.36% | 27.08% | 17.29% | 14.99% | 55.91% | 16.31% | 22.04% | 26.67% | 23.06% | 18.29% | 17.58% |
| 4.54 | 3.03 | 7.11 | 7.03 | 7.71 | 1.13 | 10.48 | 8.70 | 7.57 | 11.21 | 4.21 | 7.96 | |
| EPS in Rs | 7.38 | 4.93 | 11.56 | 11.43 | 12.54 | 1.84 | 17.04 | 14.15 | 12.31 | 18.23 | 6.85 | 12.94 |
| Dividend Payout % | 16.26% | 24.36% | 12.97% | 13.12% | 31.91% | 81.64% | 10.56% | 12.72% | 17.06% | 11.52% | 30.68% | 16.22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 7% |
| 3 Years: | 5% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 3% |
| 3 Years: | 13% |
| TTM: | 365% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 16% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 |
| Reserves | 38.55 | 40.69 | 47.64 | 53.53 | 58.15 | 57.02 | 67.56 | 75.34 | 81.85 | 91.74 | 94.45 | 101.19 |
| 15.46 | 11.31 | 7.83 | 10.60 | 13.01 | 15.52 | 3.20 | 3.18 | 1.60 | 3.32 | 0.62 | 0.28 | |
| 14.37 | 15.23 | 14.34 | 14.97 | 12.61 | 12.14 | 10.83 | 11.38 | 12.59 | 13.23 | 15.57 | 13.56 | |
| Total Liabilities | 74.53 | 73.38 | 75.96 | 85.25 | 89.92 | 90.83 | 87.74 | 96.05 | 102.19 | 114.44 | 116.79 | 121.18 |
| 45.56 | 44.20 | 40.91 | 43.66 | 42.61 | 42.97 | 39.40 | 44.21 | 41.36 | 46.22 | 45.60 | 51.21 | |
| CWIP | 0.07 | 0.09 | 0.26 | 0.29 | 0.28 | 0.56 | 0.00 | 0.16 | 2.46 | 1.07 | 0.00 | 0.00 |
| Investments | 4.06 | 1.54 | 12.29 | 16.18 | 19.75 | 15.41 | 18.69 | 21.31 | 27.87 | 35.05 | 36.76 | 31.57 |
| 24.84 | 27.55 | 22.50 | 25.12 | 27.28 | 31.89 | 29.65 | 30.37 | 30.50 | 32.10 | 34.43 | 38.40 | |
| Total Assets | 74.53 | 73.38 | 75.96 | 85.25 | 89.92 | 90.83 | 87.74 | 96.05 | 102.19 | 114.44 | 116.79 | 121.18 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10.79 | 16.76 | 12.47 | 9.72 | 10.25 | 10.11 | 10.90 | 10.08 | 12.01 | 8.79 | 10.23 | 9.22 | |
| -4.93 | -9.73 | -7.95 | -9.95 | -8.67 | -9.20 | 2.45 | -8.92 | -8.88 | -7.48 | -3.66 | -10.30 | |
| -6.07 | -6.72 | -4.65 | -0.04 | -1.76 | -1.02 | -13.16 | -1.40 | -2.96 | 0.18 | -4.27 | -1.89 | |
| Net Cash Flow | -0.21 | 0.32 | -0.12 | -0.27 | -0.18 | -0.10 | 0.19 | -0.25 | 0.17 | 1.50 | 2.30 | -2.96 |
| Free Cash Flow | 7.10 | 12.24 | 9.66 | 0.34 | 3.88 | 3.15 | 10.52 | 1.42 | 9.63 | 0.07 | 7.44 | -7.62 |
| CFO/OP | 92% | 131% | 99% | 86% | 84% | 101% | 108% | 105% | 107% | 112% | 150% | 78% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85.39 | 73.76 | 71.26 | 82.16 | 78.24 | 81.62 | 83.06 | 72.34 | 67.69 | 62.20 | 62.87 | 62.82 |
| Inventory Days | 141.46 | 108.86 | 116.15 | 130.22 | 143.88 | 178.18 | 140.22 | 125.88 | 102.22 | 100.20 | 77.17 | 63.87 |
| Days Payable | 139.59 | 151.92 | 147.25 | 156.26 | 134.15 | 159.80 | 111.13 | 101.11 | 84.67 | 87.27 | 106.58 | 69.38 |
| Cash Conversion Cycle | 87.26 | 30.70 | 40.15 | 56.11 | 87.96 | 100.00 | 112.15 | 97.11 | 85.25 | 75.13 | 33.46 | 57.30 |
| Working Capital Days | 15.54 | 0.11 | 19.76 | 32.83 | 41.11 | 31.03 | 66.66 | 65.98 | 64.79 | 55.57 | 58.90 | 184.69 |
| ROCE % | 13.64% | 16.43% | 17.35% | 13.98% | 12.90% | 7.94% | 13.95% | 10.42% | 11.09% | 7.58% | 2.82% | 11.92% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Diesel Efficiency Units/Ltr |
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| Energy Generation - DG Sets Kwh |
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| Number of Permanent Employees Count |
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| Wind Turbine Generation Kwh |
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| Solar Energy Generation Kwh |
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| Gas Efficiency Ltrs per SCM |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
13 Jun - Mr. Manish Vasavada appointed Deputy CEO from COO effective June 15, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Jun - Newspaper Publication regarding the Notice of Postal Ballot and Remote e-Voting
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
4 Jun - Postal ballot seeks approval for two directors’ redesignation and remuneration up to ₹2 crore annually each, voting June 6-July 7, 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Annual Secretarial Compliance Report for FY ended March 31, 2026; no deviations reported.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 May - Newspaper Publication for Audited Standalone and Consolidated Financial Results for the fourth quarter and financial year ended March 31, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
SGL has setup the first gravure roller manufacturing house in India. It is engaged in engraving of rollers using 3 different engraving technologies i.e. electronic, laser and chemical etching. The engraved rollers are used in printing and packaging industries