Shish Industries Ltd

Shish Industries Ltd

₹ 119 -0.63%
28 Mar - close price
About

Shish Industries Ltd is engaged in manufacturing and selling Corrugated Plastic Sheets which are used in industries like architecture and construction, packing, printing, medical equipment etc. [1]

Key Points

Business Segments
a. Material Handling: This division offers end-to-end solutions for material handling within advertising, construction, logistics, agriculture and food industries. The products manufactured by the Co include Saffguard and Stagguard which are advanced corrugated sheets for packaging, Composite Straps, Dunnage Bags etc. [1]
b. Insulation and Building Material:The Insulation and Roofing division provides solutions for homes, factories and cold storage and also in automobiles. Products include Carmika, Arkina and radient barriers which are efficient insulation solutions. [2]
c. Cold Chain Solutions: The offerings of the Co include Cooler bags, Ice Box, Water tank insulation covers and Pallet covers. [3]
d. PE/PP Woven Fabrics: These products come in customized Colours,have high Tensile Strength, UV Resistance, Lamination And Durability. [4]

  • Market Cap 417 Cr.
  • Current Price 119
  • High / Low 150 / 70.4
  • Stock P/E 76.9
  • Book Value 12.5
  • Dividend Yield 0.00 %
  • ROCE 25.6 %
  • ROE 22.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 56.5% CAGR over last 5 years

Cons

  • Stock is trading at 9.56 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 67.0 to 111 days.
  • Promoter holding has decreased over last 3 years: -3.76%

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
8.23 9.11 11.99 13.27 8.82 15.94 17.45 17.92 15.54 19.32 16.59 19.31 23.86
7.52 8.60 11.32 12.69 8.27 14.13 16.43 16.03 13.70 16.80 15.65 16.99 22.17
Operating Profit 0.71 0.51 0.67 0.58 0.55 1.81 1.02 1.89 1.84 2.52 0.94 2.32 1.69
OPM % 8.63% 5.60% 5.59% 4.37% 6.24% 11.36% 5.85% 10.55% 11.84% 13.04% 5.67% 12.01% 7.08%
0.07 0.57 0.18 0.45 0.23 0.14 0.85 0.79 0.90 -0.79 1.14 0.11 1.03
Interest 0.05 0.13 0.06 0.12 0.10 0.07 0.08 0.07 0.05 0.14 0.16 0.16 0.18
Depreciation 0.22 0.24 0.23 0.23 0.24 0.30 0.23 0.24 0.26 0.26 0.22 0.25 0.29
Profit before tax 0.51 0.71 0.56 0.68 0.44 1.58 1.56 2.37 2.43 1.33 1.70 2.02 2.25
Tax % 29.41% 33.80% 25.00% 25.00% 22.73% 23.42% 24.36% 24.89% 24.69% 29.32% 24.71% 24.75% 25.33%
0.36 0.47 0.42 0.51 0.34 1.21 1.17 1.79 1.83 0.94 1.28 1.52 1.68
EPS in Rs 0.12 0.16 0.14 0.17 0.11 0.38 0.37 0.57 0.58 0.28 0.37 0.44 0.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 May 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.00 0.90 3.68 5.19 0.00 8.30 11.03 16.00 28.28 50.01 70.19 79.08
0.01 0.00 0.84 3.13 4.59 0.00 6.85 8.81 13.95 26.05 46.40 62.91 71.61
Operating Profit -0.01 0.00 0.06 0.55 0.60 0.00 1.45 2.22 2.05 2.23 3.61 7.28 7.47
OPM % 6.67% 14.95% 11.56% 17.47% 20.13% 12.81% 7.89% 7.22% 10.37% 9.45%
0.00 0.00 0.07 0.15 0.14 0.00 0.12 0.11 0.37 0.80 1.00 1.75 1.49
Interest 0.00 0.00 0.15 0.25 0.27 0.00 0.23 0.28 0.25 0.30 0.35 0.35 0.64
Depreciation 0.01 0.03 0.36 0.41 0.39 0.00 0.49 0.79 0.84 0.83 1.01 1.00 1.02
Profit before tax -0.02 -0.03 -0.38 0.04 0.08 0.00 0.85 1.26 1.33 1.90 3.25 7.68 7.30
Tax % 50.00% 33.33% 31.58% 50.00% 37.50% 28.24% 29.37% 26.32% 28.95% 24.00% 25.52%
-0.01 -0.02 -0.27 0.03 0.05 0.00 0.61 0.89 0.97 1.34 2.47 5.73 5.42
EPS in Rs 0.00 0.21 0.30 0.33 0.44 0.78 1.73 1.57
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 53%
3 Years: 64%
TTM: 18%
Compounded Profit Growth
10 Years: 89%
5 Years: 57%
3 Years: 81%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: 81%
3 Years: 114%
1 Year: 66%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 19%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 May 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.00 0.00 0.00 0.00 0.00 3.09 4.44 4.44 4.44 10.11 10.54 11.06 34.19
Reserves 0.00 0.00 0.00 0.00 0.00 0.00 3.31 4.20 5.17 1.61 6.72 22.56 9.43
0.01 0.57 2.18 2.22 2.30 1.91 2.54 2.40 1.98 1.04 4.63 7.30 9.27
0.25 0.70 2.10 2.52 2.84 0.65 0.37 1.31 1.45 4.38 5.33 10.95 9.48
Total Liabilities 0.26 1.27 4.28 4.74 5.14 5.65 10.66 12.35 13.04 17.14 27.22 51.87 62.37
0.19 0.63 2.62 2.40 2.39 2.36 3.72 5.28 4.68 5.66 5.74 5.17 5.22
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 1.56 0.00 0.00 0.00 0.11 0.73 1.62
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.61 0.73
0.07 0.64 1.66 2.34 2.75 3.29 5.38 7.07 8.36 11.48 21.13 45.36 54.80
Total Assets 0.26 1.27 4.28 4.74 5.14 5.65 10.66 12.35 13.04 17.14 27.22 51.87 62.37

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 May 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.01 0.01 -0.16 0.27 0.31 -0.01 -3.38 0.95 0.53 2.25 -5.32 -1.05
-0.20 -0.56 -2.29 -0.12 -0.31 0.00 -6.22 -0.81 -0.22 -1.81 -1.42 -1.35
0.25 0.56 3.05 -0.10 -0.07 0.01 9.68 -0.14 -0.35 -0.42 6.74 13.05
Net Cash Flow 0.05 0.01 0.60 0.05 -0.07 0.00 0.09 0.00 -0.04 0.02 -0.01 10.65

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 May 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 56.78 64.47 47.12 88.39 56.92 25.32 25.94 64.52 110.56
Inventory Days 372.45 90.87 93.10 169.19 248.15 163.41 95.54 78.47 64.30
Days Payable 134.08 59.07 57.13 11.16 59.74 30.33 60.52 38.77 61.41
Cash Conversion Cycle 295.15 96.28 83.09 246.42 245.33 158.41 60.96 104.22 113.45
Working Capital Days 223.06 91.25 90.72 194.81 158.84 137.56 83.25 113.49 122.67
ROCE % -10.34% -16.73% 13.18% 15.49% 0.00% 17.16% 14.44% 13.96% 18.07% 20.78% 25.57%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.58% 70.58% 70.58% 70.58% 71.88% 71.88% 71.88% 71.88% 68.48% 66.48% 66.48% 66.82%
29.42% 29.42% 29.42% 29.42% 28.12% 28.12% 28.11% 28.12% 31.52% 33.52% 33.53% 33.19%
No. of Shareholders 1574945194947012,0576,6987,6847,4148,32210,60110,886

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