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 ₹ 5,093 Cr.
- Current Price ₹ 6,677
- High / Low ₹ 8,899 / 4,206
- Stock P/E 34.7
- Book Value ₹ 455
- Dividend Yield 0.19 %
- 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 14.7 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of BSE Allcap BSE Industrials BSE SmallCap
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 | 5.50 | 7.64 | 11.96 | 16.17 | 7.72 | 10.20 | 1.97 | 7.26 | 18.47 | 56.74 | 120.48 | 192.54 |
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: | 62% |
5 Years: | 183% |
3 Years: | 218% |
1 Year: | 9% |
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)-Earnings Call Transcript
18h - Transcript of Conference call held on April 22, 2025
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2d - Shilchar Technologies confirms it is not a 'Large Corporate' as per SEBI criteria on March 31, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Apr - Newspaper Publication of Postal Ballot Notice and E-voting instructions
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 Apr - Audio recording of April 22, 2025 conference call on FY25 financial results available online.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Apr - Newspaper Publication of Audited Financial Results for the 4th quarter and Financial Year ended on 31st March, 2025.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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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
from bse
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]