Shayona Engineering Ltd
Incorporated in 2017, Shayona Engineering Limited is engaged in the business of precision castings, machining, dies and moulds, industrial automation, and turnkey project machinery.[1]
- Market Cap ₹ 51.8 Cr.
- Current Price ₹ 133
- High / Low ₹ 166 / 119
- Stock P/E 12.8
- Book Value ₹ 68.4
- Dividend Yield 0.00 %
- ROCE 19.7 %
- ROE 22.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 198 days.
- Working capital days have increased from 45.6 days to 114 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 Industrial Products Castings & Forgings
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 2.97 | 4.58 | 12.56 | 15.24 | 23.09 | 40.27 | |
| 2.68 | 4.18 | 11.41 | 12.25 | 17.99 | 32.74 | |
| Operating Profit | 0.29 | 0.40 | 1.15 | 2.99 | 5.10 | 7.53 |
| OPM % | 9.76% | 8.73% | 9.16% | 19.62% | 22.09% | 18.70% |
| 0.03 | 0.00 | 0.08 | 0.04 | 0.02 | 0.04 | |
| Interest | 0.12 | 0.12 | 0.24 | 0.51 | 0.94 | 1.61 |
| Depreciation | 0.11 | 0.15 | 0.18 | 0.20 | 0.26 | 0.62 |
| Profit before tax | 0.09 | 0.13 | 0.81 | 2.32 | 3.92 | 5.34 |
| Tax % | 33.33% | 23.08% | 28.40% | 25.86% | 38.27% | 24.34% |
| 0.07 | 0.10 | 0.59 | 1.71 | 2.42 | 4.04 | |
| EPS in Rs | 4.67 | 2.08 | 5.90 | 7.53 | 8.46 | 10.38 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 47% |
| TTM: | 74% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 125% |
| 3 Years: | 90% |
| TTM: | 64% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 29% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.48 | 1.00 | 2.27 | 2.86 | 3.89 |
| Reserves | 0.33 | 0.42 | 1.01 | 1.72 | 7.05 | 22.75 |
| 1.83 | 1.32 | 3.45 | 5.42 | 13.92 | 20.18 | |
| 0.90 | 1.69 | 1.81 | 3.17 | 5.77 | 6.60 | |
| Total Liabilities | 3.21 | 3.91 | 7.27 | 12.58 | 29.60 | 53.42 |
| 2.20 | 2.73 | 2.81 | 4.12 | 3.75 | 22.32 | |
| CWIP | 0.00 | 0.00 | 0.05 | 0.05 | 8.89 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.01 | 1.18 | 4.41 | 8.41 | 16.96 | 31.10 | |
| Total Assets | 3.21 | 3.91 | 7.27 | 12.58 | 29.60 | 53.42 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0.41 | -2.10 | -0.20 | -2.30 | -5.80 | ||
| -0.67 | -0.31 | -1.52 | -8.81 | -10.29 | ||
| 0.09 | 2.41 | 1.73 | 11.09 | 17.38 | ||
| Net Cash Flow | -0.18 | 0.00 | 0.01 | -0.01 | 1.29 | |
| Free Cash Flow | -0.26 | -2.41 | -1.72 | -11.11 | -16.09 | |
| CFO/OP | 108% | -166% | 6% | -28% | -59% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 68.82 | 56.58 | 72.65 | 134.60 | 185.58 | 197.77 |
| Inventory Days | 17.38 | 28.48 | 48.99 | 59.77 | 57.52 | 15.30 |
| Days Payable | 133.83 | 148.74 | 51.93 | 76.84 | 100.60 | 44.03 |
| Cash Conversion Cycle | -47.63 | -63.68 | 69.70 | 117.52 | 142.50 | 169.05 |
| Working Capital Days | -116.75 | -74.91 | 2.91 | -7.90 | 30.83 | 113.75 |
| ROCE % | 11.04% | 27.34% | 38.06% | 29.66% | 19.67% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Capacity Utilization - Unit 1 (Engineering) % |
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| Capacity Utilization - Unit 2 (Plastic/Pipes) % |
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| Installed Capacity - Unit 1 (Engineering) Number of Units |
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| Installed Capacity - Unit 2 (Plastic/Pipes) Number of Units |
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| Domestic Revenue Concentration - Gujarat % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Shayona Engineering received Rs. 1.68 crore domestic purchase order for engineering components, to be executed by 1 June 2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Received domestic purchase order worth Rs 1.68 crore excluding GST, executable on or before 1 June 2026.
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Submission Of Statutory AuditorS Certificate On Utilisation Of IPO Proceeds Under Regulation 262(5) Of The SEBI (Issue Of Capital And Disclosure Requirements) Regulations 2018.
26 May - Auditor certified IPO proceeds use; Rs 247.81 lakh plant machinery funds had temporary variation as of 31 Mar 2026.
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Compliance- Statement Of Deviation(S) And Variation(S)
26 May - Shayona Engineering reported no permanent deviation in IPO proceeds for quarter ended 31 March 2026; ₹141.97 lakh temporarily used.
Business Profile[1]
Shayona Engineering Limited (SEL) is a Gujarat-based diversified engineering and manufacturing company engaged in precision engineering and machining, heavy fabrication and structural works, industrial automation and turnkey machinery projects, casting and forging solutions through strategic alliances, and the manufacturing of HDPE and PVC pipes and fittings.