Shaily Engineering Plastics Ltd

Shaily Engineer. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shaily Engineering Plastics Ltd

₹ 1,797 1.69%
29 Sep 11:45 a.m.
shaily.com BSE: 501423 NSE : SHAILY
About

The Company is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM).

It also offers secondary operations in plastics like vacuum metalizing, hot stamping, and ultrasonic welding. Its manufacturing facilities are at Savli and Halol, Vadodara, Gujarat. [1]

Key Points

Business Segments
Consumer: This segment includes the Home furnishing and Toys business. [1]
Personal Care: Its offerings under this segment range from razors to attractive cosmetics casings and more. [2] Reputed clients in this segment are Gillette, Himalaya, Unilever, P&G, and WestRock. [3]
Healthcare: It includes Drug Delivery Devices and Pharma Packaging. Some of its clients of this segment include Lupin, Aurobindo Pharma, Alembic, Zydus, Dr. Reddy’s, Sun Pharma etc [4]
Automotive & Engineering: In this segment, the Co. manufactures components used in the turbochargers of high end luxury cars. Some of its clients of this segment include Siemens, Haier, GE, Emerson, and others. [5]
Steel Furniture: The Co. diversified into the Steel furniture segment by establishing a new plant in Halol which started commercial production in Q3 FY21. [6]

Website BSE NSE
  • Market Cap ₹ 1,648 Cr.
  • Current Price ₹ 1,797
  • High / Low ₹ 1,988 / 870
  • Stock P/E 52.6
  • Book Value ₹ 431
  • Dividend Yield 0.00 %
  • ROCE 10.5 %
  • ROE 7.87 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 4.10 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.5% over last 3 years.
  • Promoter holding has decreased over last 3 years: -7.27%

* 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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
46.60 98.72 105.50 109.77 120.10 144.86 148.28 152.60 171.96 160.03 134.21 133.51 152.75
43.19 81.14 86.63 90.08 101.15 122.40 127.40 133.85 152.38 135.76 116.25 108.71 129.94
Operating Profit 3.41 17.58 18.87 19.69 18.95 22.46 20.88 18.75 19.58 24.27 17.96 24.80 22.81
OPM % 7.32% 17.81% 17.89% 17.94% 15.78% 15.50% 14.08% 12.29% 11.39% 15.17% 13.38% 18.58% 14.93%
0.04 0.11 0.03 2.39 1.24 1.36 3.41 2.81 2.14 0.85 0.23 1.28 0.87
Interest 2.95 3.08 3.40 3.29 3.64 3.60 4.97 4.75 3.99 4.20 4.80 4.89 3.90
Depreciation 4.52 4.60 4.78 5.63 5.94 6.41 7.23 6.91 7.84 7.62 7.90 9.82 8.13
Profit before tax -4.02 10.01 10.72 13.16 10.61 13.81 12.09 9.90 9.89 13.30 5.49 11.37 11.65
Tax % 24.63% 26.77% 25.19% 26.29% 24.60% 24.04% 23.33% 25.45% 25.58% 29.10% 18.58% 23.13% 25.58%
-3.02 7.32 8.02 9.70 8.00 10.49 9.28 7.37 7.36 9.43 4.47 8.74 8.67
EPS in Rs -3.63 8.80 9.64 11.66 9.62 11.44 10.12 8.03 8.02 10.28 4.87 9.53 9.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
146 123 151 180 226 246 318 338 336 361 566 600 580
125 106 127 153 186 205 264 285 277 300 484 512 491
Operating Profit 21 17 24 26 39 41 54 53 59 60 82 88 90
OPM % 14% 14% 16% 15% 17% 17% 17% 16% 17% 17% 15% 15% 15%
1 1 1 2 3 3 2 2 1 3 9 4 3
Interest 9 7 8 7 10 8 8 10 11 14 18 19 18
Depreciation 5 6 6 6 10 13 14 15 18 20 26 33 33
Profit before tax 8 5 10 15 21 23 34 30 31 30 46 40 42
Tax % 23% 28% 36% 13% 28% 32% 30% 36% 23% 26% 24% 25%
6 4 7 13 15 16 24 19 24 22 35 30 31
EPS in Rs 8.70 4.95 9.00 15.64 18.62 19.07 28.72 23.18 28.36 26.47 38.31 32.69 34.13
Dividend Payout % 0% 0% 0% 13% 21% 26% 26% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 14%
3 Years: 21%
TTM: -6%
Compounded Profit Growth
10 Years: 24%
5 Years: 5%
3 Years: 8%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 42%
1 Year: -8%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 11%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 7 7 8 8 8 8 8 8 8 9 9
Reserves 25 29 35 70 81 97 116 128 151 174 358 386
41 46 66 83 67 66 107 120 134 200 175 187
27 25 35 31 34 29 54 56 88 86 133 102
Total Liabilities 100 107 144 192 191 200 285 312 381 467 676 685
39 44 47 77 97 94 108 145 157 227 329 362
CWIP 1 1 3 1 0 4 6 5 46 30 29 55
Investments 0 0 0 26 0 0 0 0 0 0 9 15
59 62 94 89 93 102 171 161 178 210 309 252
Total Assets 100 107 144 192 191 200 285 312 381 467 676 685

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 16 21 4 36 17 5 66 66 22 56 85
-4 -14 -32 -38 1 -14 -26 -62 -64 -82 -134 -93
-27 -1 12 32 -29 -11 20 -4 4 53 108 -5
Net Cash Flow -0 1 1 -1 8 -8 -0 0 6 -6 30 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 87 78 79 76 58 69 78 64 66 70 64 54
Inventory Days 40 66 64 71 67 67 75 75 92 113 114 69
Days Payable 92 95 114 54 56 48 68 57 96 79 86 49
Cash Conversion Cycle 35 49 29 93 70 87 85 83 62 105 92 74
Working Capital Days 54 65 60 76 54 79 98 73 59 104 87 78
ROCE % 21% 15% 20% 16% 19% 19% 21% 17% 15% 13% 14% 11%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
51.08% 51.08% 51.08% 51.08% 46.32% 46.29% 43.81% 43.81% 43.81% 43.81% 43.81% 43.81%
0.00% 0.00% 0.00% 0.08% 2.45% 3.48% 6.10% 6.94% 7.13% 7.12% 7.13% 7.12%
13.93% 13.93% 13.87% 13.72% 13.26% 13.39% 13.53% 13.83% 14.35% 14.37% 14.10% 13.84%
34.99% 34.99% 35.05% 35.12% 37.97% 36.84% 36.56% 35.42% 34.71% 34.70% 34.95% 35.23%
No. of Shareholders 4,4664,3194,0774,2824,3324,4804,6354,7974,9995,1315,2575,729

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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