Shish Industries Ltd
Incorporated in 2012, Shish Industries
Ltd manufactures, trades and markets PP Sheets and Rolls[1]
- Market Cap ₹ 563 Cr.
- Current Price ₹ 14.7
- High / Low ₹ 19.1 / 7.10
- Stock P/E 69.2
- Book Value ₹ 2.78
- Dividend Yield 0.00 %
- ROCE 9.88 %
- ROE 10.4 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 80.5 to 54.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.48%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 28 | 50 | 68 | 86 | 116 | 132 | |
| 26 | 46 | 60 | 75 | 105 | 118 | |
| Operating Profit | 2 | 4 | 9 | 11 | 11 | 14 |
| OPM % | 8% | 8% | 13% | 13% | 10% | 10% |
| 1 | 1 | 2 | 3 | 4 | 4 | |
| Interest | 0 | 0 | 1 | 1 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 5 | 6 |
| Profit before tax | 2 | 3 | 9 | 11 | 8 | 8 |
| Tax % | 29% | 24% | 24% | 28% | 25% | |
| 1 | 3 | 7 | 8 | 6 | 5 | |
| EPS in Rs | 0.04 | 0.08 | 0.20 | 0.23 | 0.23 | 0.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 26% |
| 1 Year: | 64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 15% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 11 | 11 | 35 | 38 | 38 |
| Reserves | 2 | 7 | 24 | 25 | 68 | 68 |
| 1 | 6 | 9 | 13 | 34 | 48 | |
| 4 | 5 | 10 | 13 | 10 | 16 | |
| Total Liabilities | 17 | 28 | 54 | 86 | 150 | 170 |
| 6 | 7 | 7 | 14 | 51 | 53 | |
| CWIP | 0 | 0 | 2 | 4 | 8 | 17 |
| Investments | 0 | 0 | 0 | 0 | 1 | 0 |
| 11 | 21 | 45 | 67 | 90 | 100 | |
| Total Assets | 17 | 28 | 54 | 86 | 150 | 170 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2 | -5 | 0 | -13 | -17 | |
| -2 | -2 | -3 | -18 | -30 | |
| -0 | 8 | 14 | 20 | 47 | |
| Net Cash Flow | 0 | -0 | 11 | -11 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 26 | 64 | 103 | 84 | 55 |
| Inventory Days | 96 | 78 | 76 | 82 | 152 |
| Days Payable | 61 | 34 | 56 | 48 | 40 |
| Cash Conversion Cycle | 61 | 109 | 123 | 117 | 167 |
| Working Capital Days | 75 | 79 | 86 | 154 | 120 |
| ROCE % | 22% | 28% | 21% | 10% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Newspaper advertisement published for Notice of postal ballot dated 12/02/2026 and remote evoting is submitted hereby.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 Feb
-
Financial Results For The Quarter Ended 31-12-2025 With UDIN
13 Feb - Resubmitted unaudited Q3 results (31‑Dec‑2025) with UDIN; Rs494.42 lakh raised; Rs2.0221 crore warrant forfeited.
-
Board Meeting Outcome for Board Meeting Held On 12/02/2026 To Consider Financial Results
12 Feb - Q3 (31-12-2025) unaudited standalone/consolidated results; postal ballot, RPT approvals; Rs494.42 lakh preferential proceeds.
-
Board Meeting Intimation for Board Meeting Scheduled To Be Held On Thursday, February 12, 2026
7 Feb - Board meeting Feb 12, 2026 to approve unaudited standalone and consolidated results for quarter ended Dec 31, 2025.
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