Shilchar Technologies Ltd
Shilchar Technologies is engaged in the business of manufacturing Electronics & Telecom and Power & Distribution transformers.
The company has recently ventured into the manufacturing of Ferrite transformers. [1]
- Market Cap ₹ 6,378 Cr.
- Current Price ₹ 5,575
- High / Low ₹ 6,125 / 2,804
- Stock P/E 43.4
- Book Value ₹ 304
- Dividend Yield 0.15 %
- ROCE 71.1 %
- ROE 52.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 151% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 51.8%
- Company's median sales growth is 35.2% of last 10 years
Cons
- Stock is trading at 18.3 times its book value
- Working capital days have increased from 103 days to 144 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 Electrical Equipment Other Electrical Equipment
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
100 | 106 | 102 | 109 | 88 | 118 | 71 | 118 | 180 | 280 | 397 | 623 | |
93 | 98 | 88 | 92 | 78 | 104 | 68 | 108 | 161 | 227 | 284 | 438 | |
Operating Profit | 8 | 8 | 13 | 18 | 9 | 14 | 3 | 10 | 19 | 53 | 113 | 185 |
OPM % | 8% | 8% | 13% | 16% | 11% | 12% | 4% | 8% | 11% | 19% | 29% | 30% |
3 | 3 | 3 | 3 | 1 | 2 | 3 | 2 | 3 | 8 | 13 | 16 | |
Interest | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 0 | 0 |
Depreciation | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 3 |
Profit before tax | 7 | 9 | 14 | 19 | 8 | 11 | 2 | 7 | 19 | 58 | 123 | 197 |
Tax % | 40% | 35% | 35% | 35% | 28% | 27% | 25% | 24% | 27% | 26% | 25% | 26% |
4 | 6 | 9 | 12 | 6 | 8 | 2 | 6 | 14 | 43 | 92 | 147 | |
EPS in Rs | 3.67 | 5.10 | 7.97 | 10.78 | 5.15 | 6.80 | 1.32 | 4.84 | 12.32 | 37.82 | 80.61 | 128.82 |
Dividend Payout % | 14% | 10% | 10% | 9% | 13% | 10% | 25% | 10% | 11% | 9% | 10% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 54% |
3 Years: | 51% |
TTM: | 57% |
Compounded Profit Growth | |
---|---|
10 Years: | 38% |
5 Years: | 151% |
3 Years: | 119% |
TTM: | 60% |
Stock Price CAGR | |
---|---|
10 Years: | 66% |
5 Years: | 176% |
3 Years: | 209% |
1 Year: | 59% |
Return on Equity | |
---|---|
10 Years: | 36% |
5 Years: | 44% |
3 Years: | 52% |
Last Year: | 53% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 8 |
Reserves | 21 | 26 | 34 | 46 | 50 | 57 | 57 | 63 | 76 | 118 | 202 | 339 |
21 | 6 | 0 | 4 | 13 | 16 | 15 | 8 | 17 | 0 | 0 | 0 | |
32 | 37 | 32 | 30 | 28 | 22 | 27 | 33 | 49 | 56 | 83 | 143 | |
Total Liabilities | 77 | 72 | 69 | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 |
18 | 18 | 18 | 17 | 16 | 41 | 39 | 37 | 36 | 39 | 41 | 59 | |
CWIP | 0 | 0 | 0 | 6 | 22 | 0 | 0 | 0 | 0 | 0 | 5 | 0 |
Investments | 1 | 1 | 3 | 12 | 6 | 0 | 0 | 1 | 0 | 7 | 20 | 54 |
59 | 53 | 49 | 49 | 52 | 57 | 64 | 69 | 110 | 132 | 227 | 377 | |
Total Assets | 77 | 72 | 69 | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 20 | 8 | 12 | 5 | 1 | 6 | 10 | -6 | 39 | 76 | 40 | |
-1 | -2 | -3 | -16 | -11 | 1 | -0 | -1 | -1 | -12 | -23 | -48 | |
-1 | -16 | -7 | 3 | 7 | -2 | -4 | -10 | 6 | -19 | -29 | 5 | |
Net Cash Flow | -1 | 2 | -3 | -1 | 0 | -0 | 1 | -1 | -1 | 9 | 25 | -4 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 139 | 103 | 104 | 107 | 115 | 98 | 167 | 96 | 140 | 120 | 86 | 134 |
Inventory Days | 44 | 38 | 44 | 37 | 66 | 72 | 151 | 109 | 82 | 42 | 87 | 87 |
Days Payable | 111 | 122 | 112 | 107 | 133 | 73 | 161 | 113 | 93 | 67 | 80 | 101 |
Cash Conversion Cycle | 73 | 20 | 36 | 38 | 48 | 97 | 157 | 93 | 129 | 96 | 93 | 120 |
Working Capital Days | 89 | 43 | 56 | 59 | 82 | 98 | 164 | 107 | 121 | 86 | 77 | 144 |
ROCE % | 22% | 24% | 41% | 43% | 16% | 19% | 4% | 13% | 24% | 54% | 75% | 71% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
1d - Allotment of 38.13 lakh bonus shares in 1:2 ratio, increasing paid-up capital to Rs.11.44 crore.
- Record Date For The Purpose Of Bonus Issue 29 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report for FY ended 31 Mar 2025 confirming regulatory adherence.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
22 May - Shareholders approved bonus shares issuance via postal ballot on 22 May 2025.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
22 May - Shareholders approved bonus shares issuance via postal ballot with 99.999% votes in favor.
Annual reports
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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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Financial Year 2010
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Concalls
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Apr 2025Transcript PPT REC
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Jan 2025TranscriptNotesPPT
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Oct 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
Product Portfolio
The company is a leading manufacturer of power & distribution transformers and electronics & telecom transformers in India. It produces distribution transformers with capacities ranging from 5 KVA to 3,000 KVA and power transformers ranging from 3 MVA to 15 MVA. [1] [2]