Shish Industries Ltd
Incorporated in 2012, Shish Industries
Ltd manufactures, trades and markets PP Sheets and Rolls[1]
- Market Cap ₹ 507 Cr.
- Current Price ₹ 13.3
- High / Low ₹ 19.1 / 7.10
- Stock P/E 40.7
- Book Value ₹ 2.96
- Dividend Yield 0.00 %
- ROCE 15.6 %
- ROE 12.9 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 62.0% CAGR over last 5 years
- Company's median sales growth is 43.0% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -10.8%
- Earnings include an other income of Rs.10.6 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 Plastic Products - Industrial
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | May 2017 2m | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 4 | 5 | 0 | 8 | 11 | 16 | 28 | 50 | 70 | 85 | 118 | 123 | |
| 1 | 3 | 5 | 0 | 7 | 9 | 14 | 26 | 46 | 63 | 75 | 110 | 111 | |
| Operating Profit | 0 | 1 | 1 | 0 | 1 | 2 | 2 | 2 | 4 | 7 | 11 | 8 | 11 |
| OPM % | 7% | 15% | 12% | 17% | 20% | 13% | 8% | 7% | 10% | 12% | 7% | 9% | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 10 | 11 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | -0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 8 | 11 | 15 | 17 |
| Tax % | -32% | 50% | 38% | 28% | 29% | 26% | 29% | 24% | 26% | 25% | 25% | ||
| -0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 6 | 8 | 11 | 12 | |
| EPS in Rs | 0.00 | 0.02 | 0.03 | 0.03 | 0.04 | 0.08 | 0.17 | 0.24 | 0.29 | 0.34 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 63% |
| 5 Years: | 49% |
| 3 Years: | 33% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 62% |
| 3 Years: | 64% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 21% |
| 1 Year: | 49% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | May 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 0.00 | 3 | 4 | 4 | 4 | 10 | 11 | 11 | 35 | 38 | 38 |
| Reserves | 0 | 0 | 0 | 0 | 3 | 4 | 5 | 2 | 7 | 23 | 24 | 70 | 75 |
| 2 | 2 | 2 | 2 | 3 | 2 | 2 | 1 | 5 | 7 | 13 | 26 | 27 | |
| 2 | 3 | 3 | 1 | 0 | 1 | 1 | 4 | 5 | 11 | 12 | 18 | 13 | |
| Total Liabilities | 4 | 5 | 5 | 6 | 11 | 12 | 13 | 17 | 27 | 52 | 84 | 152 | 153 |
| 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 6 | 5 | 11 | 19 | 19 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 1 | 4 | 7 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 16 | 15 |
| 2 | 2 | 3 | 3 | 5 | 7 | 8 | 11 | 21 | 45 | 67 | 110 | 104 | |
| Total Assets | 4 | 5 | 5 | 6 | 11 | 12 | 13 | 17 | 27 | 52 | 84 | 152 | 153 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | May 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | 0 | 0 | -0 | -3 | 1 | 1 | 2 | -5 | -1 | -16 | -25 | |
| -2 | -0 | -0 | 0 | -6 | -1 | -0 | -2 | -1 | -1 | -17 | -24 | |
| 3 | -0 | -0 | 0 | 10 | -0 | -0 | -0 | 7 | 13 | 22 | 49 | |
| Net Cash Flow | 1 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | -0 | 11 | -11 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | May 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 64 | 47 | 88 | 57 | 25 | 26 | 65 | 111 | 80 | 72 | |
| Inventory Days | 372 | 91 | 93 | 169 | 248 | 163 | 96 | 78 | 64 | 75 | 109 | |
| Days Payable | 134 | 59 | 57 | 11 | 60 | 30 | 61 | 39 | 61 | 44 | 57 | |
| Cash Conversion Cycle | 295 | 96 | 83 | 246 | 245 | 158 | 61 | 104 | 113 | 111 | 124 | |
| Working Capital Days | 223 | 91 | 91 | 137 | 116 | 109 | 75 | 80 | 85 | 118 | 110 | |
| ROCE % | -17% | 13% | 15% | 0% | 17% | 14% | 14% | 18% | 21% | 26% | 21% | 16% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Full-time Employees Count |
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Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 17 Mar
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
17 Mar - All five postal-ballot resolutions passed (voting Feb 15–Mar 16, 2026); approved RPTs, remuneration revision, director re-appointment, loans/guarantees.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
16 Mar - Postal ballot proceedings (Mar 16, 2026): RPTs with IPPL/SACPL, remuneration revision, independent director reappointment, loan/guarantee approval.
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Announcement under Regulation 30 (LODR)-Allotment
26 Feb - 26 Feb 2026: Preferential allotment 40,000,040 shares at Rs12 (Rs48.00Cr); 81,142,550 warrants; Rs24.34Cr subscription.
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Board Meeting Outcome for Allotment Of Equity Shares And Convertible Equity Warrants - Outcome Of Board Meeting Held On February 26, 2026
26 Feb - 26-Feb-2026: Allotted 40,000,040 shares at Rs12 (Rs480,000,480); 81,142,550 warrants (Rs3 subscription, Rs243,427,650 received).
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