Shilp Gravures Ltd
Incorporated in 1993, Shilp Gravures Ltd manufactures engraved copper rollers and does energy generation through wind mill[1]
- Market Cap ₹ 149 Cr.
 - Current Price ₹ 242
 - High / Low ₹ 394 / 169
 - Stock P/E 38.2
 - Book Value ₹ 161
 - Dividend Yield 0.87 %
 - ROCE 2.28 %
 - ROE 1.70 %
 - Face Value ₹ 10.0
 
Pros
- Company has reduced debt.
 - Company is almost debt free.
 - Company has been maintaining a healthy dividend payout of 20.9%
 
Cons
- The company has delivered a poor sales growth of 5.31% over past five years.
 - Company has a low return on equity of 5.26% over last 3 years.
 - Earnings include an other income of Rs.3.69 Cr.
 
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57.03 | 62.66 | 60.42 | 59.67 | 63.59 | 70.65 | 69.81 | 74.79 | 87.20 | 87.48 | 91.52 | 93.56 | |
| 42.13 | 47.26 | 47.25 | 45.99 | 48.95 | 58.73 | 57.11 | 62.92 | 72.59 | 75.86 | 84.36 | 85.68 | |
| Operating Profit | 14.90 | 15.40 | 13.17 | 13.68 | 14.64 | 11.92 | 12.70 | 11.87 | 14.61 | 11.62 | 7.16 | 7.88 | 
| OPM % | 26.13% | 24.58% | 21.80% | 22.93% | 23.02% | 16.87% | 18.19% | 15.87% | 16.75% | 13.28% | 7.82% | 8.42% | 
| 0.35 | 0.39 | 0.51 | 0.30 | 1.03 | -2.18 | 6.05 | 3.67 | 1.28 | 8.41 | 3.18 | 3.69 | |
| Interest | 2.01 | 1.88 | 2.63 | 2.15 | 1.70 | 1.47 | 1.07 | 0.53 | 0.41 | 0.36 | 0.37 | 0.27 | 
| Depreciation | 5.80 | 6.24 | 6.60 | 6.24 | 6.07 | 6.14 | 5.40 | 4.95 | 4.79 | 4.84 | 5.48 | 5.45 | 
| Profit before tax | 7.44 | 7.67 | 4.45 | 5.59 | 7.90 | 2.13 | 12.28 | 10.06 | 10.69 | 14.83 | 4.49 | 5.85 | 
| Tax % | 29.03% | 27.90% | 51.24% | 28.62% | 29.37% | 59.62% | 16.37% | 21.37% | 26.94% | 22.99% | 17.37% | |
| 5.28 | 5.53 | 2.16 | 3.99 | 5.58 | 0.87 | 10.27 | 7.91 | 7.81 | 11.42 | 3.71 | 3.90 | |
| EPS in Rs | 8.54 | 8.96 | 4.05 | 6.16 | 8.99 | 1.41 | 16.70 | 12.86 | 12.70 | 18.57 | 6.03 | 6.35 | 
| Dividend Payout % | 17.57% | 16.74% | 29.64% | 19.47% | 13.35% | 106.03% | 10.78% | 13.99% | 16.54% | 11.31% | 34.81% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% | 
| 5 Years: | 5% | 
| 3 Years: | 7% | 
| TTM: | 5% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% | 
| 5 Years: | -2% | 
| 3 Years: | -33% | 
| TTM: | -65% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% | 
| 5 Years: | 37% | 
| 3 Years: | 38% | 
| 1 Year: | 37% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 7% | 
| 3 Years: | 5% | 
| Last Year: | 2% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 6.15 | 
| Reserves | 27.74 | 32.17 | 33.79 | 36.05 | 40.69 | 56.72 | 67.06 | 74.00 | 80.75 | 90.80 | 92.97 | 
| 17.54 | 19.50 | 21.30 | 17.89 | 11.31 | 17.78 | 5.31 | 4.75 | 2.49 | 4.01 | 0.80 | |
| 14.81 | 17.64 | 18.73 | 19.25 | 15.38 | 12.89 | 11.55 | 12.07 | 16.00 | 13.54 | 15.77 | |
| Total Liabilities | 66.24 | 75.46 | 79.97 | 79.34 | 73.53 | 93.54 | 90.07 | 96.97 | 105.39 | 114.50 | 115.69 | 
| 41.98 | 42.47 | 52.96 | 49.44 | 44.20 | 52.44 | 48.43 | 53.14 | 50.15 | 54.56 | 53.56 | |
| CWIP | 0.79 | 2.97 | 0.32 | 0.07 | 0.09 | 0.58 | 0.00 | 0.17 | 2.46 | 1.07 | 0.00 | 
| Investments | 0.02 | 0.02 | 0.02 | 0.02 | 1.54 | 10.93 | 14.20 | 16.83 | 23.39 | 30.57 | 32.27 | 
| 23.45 | 30.00 | 26.67 | 29.81 | 27.70 | 29.59 | 27.44 | 26.83 | 29.39 | 28.30 | 29.86 | |
| Total Assets | 66.24 | 75.46 | 79.97 | 79.34 | 73.53 | 93.54 | 90.07 | 96.97 | 105.39 | 114.50 | 115.69 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 13.29 | 14.90 | 11.95 | 10.21 | 16.47 | 10.03 | 11.82 | 11.00 | 13.53 | 9.28 | 9.94 | |
| -8.18 | -14.22 | -9.12 | -3.63 | -10.03 | -9.77 | 1.83 | -9.15 | -9.63 | -7.64 | -2.78 | |
| -4.92 | -0.94 | -2.87 | -6.61 | -6.46 | -0.13 | -13.54 | -2.18 | -3.78 | -0.14 | -4.86 | |
| Net Cash Flow | 0.19 | -0.26 | -0.04 | -0.03 | -0.03 | 0.12 | 0.11 | -0.32 | 0.12 | 1.50 | 2.30 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 90.56 | 81.38 | 86.27 | 96.83 | 73.76 | 82.09 | 80.57 | 68.91 | 72.96 | 58.66 | 61.78 | 
| Inventory Days | 101.26 | 105.75 | 125.12 | 188.70 | 108.86 | 177.73 | 140.84 | 123.78 | 99.75 | 95.97 | 79.90 | 
| Days Payable | 114.87 | 142.05 | 159.36 | 220.50 | 155.23 | 163.61 | 114.32 | 105.26 | 117.67 | 83.67 | 103.58 | 
| Cash Conversion Cycle | 76.96 | 45.07 | 52.02 | 65.03 | 27.39 | 96.21 | 107.10 | 87.43 | 55.04 | 70.96 | 38.10 | 
| Working Capital Days | 1.66 | 10.31 | 13.23 | 12.05 | 0.11 | 26.45 | 59.13 | 49.93 | 49.52 | 43.52 | 45.78 | 
| ROCE % | 17.40% | 11.86% | 13.67% | 16.41% | 13.60% | 9.31% | 11.68% | 7.99% | 2.28% | 
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Oct
 - Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Oct
 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Oct
 - 
        
          Closure of Trading Window
          
            30 Sep - Trading window closed from Oct 1, 2025 until 48 hours after Sep 30, 2025 results.
 - 
        
          Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
          
            10 Sep - Harsh Hirpara resigned as Company Secretary and Compliance Officer effective Sep 10, 2025.
 
Annual reports
- 
    
      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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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
      from bse
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      Financial Year 2019
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      Financial Year 2018
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      Financial Year 2017
      from bse
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      Financial Year 2016
      from bse
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
 
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