Shaily Engineering Plastics Ltd

Shaily Engineering Plastics Ltd

₹ 699 4.50%
14 Jun - close price
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
A) Consumer: This segment includes the Home furnishing and Toys business. The company has collaborated with Swedish Home Furnishings major. The company has also ventured in the Toys category with the addition of Toys major Spin Master.[1]

Company has ~48 SKUs and has set up a dedicated EOU facility to serve the requirements of the Home Furnishings Major with more than 46 machines. Supplies across the Globe to different segments: Kitchen, Children’s, Cooking & Eating, Organizing &
Storage.[2]

  • Market Cap 3,206 Cr.
  • Current Price 699
  • High / Low 704 / 260
  • Stock P/E 88.8
  • Book Value 94.1
  • Dividend Yield 0.00 %
  • ROCE 10.9 %
  • ROE 8.74 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 7.43 times its book value
  • Company has a low return on equity of 9.47% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
110 120 145 148 153 172 160 134 134 153 156 145 163
90 101 122 127 134 152 136 116 109 130 133 124 135
Operating Profit 20 19 22 21 19 20 24 18 25 23 23 21 28
OPM % 18% 16% 16% 14% 12% 11% 15% 13% 19% 15% 14% 15% 17%
2 1 1 3 3 2 1 0 1 1 3 1 2
Interest 3 4 4 5 5 4 4 5 5 4 4 5 5
Depreciation 6 6 6 7 7 8 8 8 10 8 8 9 9
Profit before tax 13 11 14 12 10 10 13 5 11 12 13 8 16
Tax % 26% 25% 24% 23% 25% 26% 29% 19% 23% 26% 25% 24% 27%
10 8 10 9 7 7 9 4 9 9 10 6 11
EPS in Rs 2.33 1.92 2.29 2.02 1.61 1.60 2.05 0.97 1.90 1.89 2.15 1.36 2.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
123 151 180 226 246 318 338 336 361 566 600 616
106 127 153 186 205 264 285 277 300 484 512 521
Operating Profit 17 24 26 39 41 54 53 59 60 82 88 95
OPM % 14% 16% 15% 17% 17% 17% 16% 17% 17% 15% 15% 15%
1 1 2 3 3 2 2 1 3 9 4 6
Interest 7 8 7 10 8 8 10 11 14 18 19 18
Depreciation 6 6 6 10 13 14 15 18 20 26 33 35
Profit before tax 5 10 15 21 23 34 30 31 30 46 40 49
Tax % 28% 36% 13% 28% 32% 30% 36% 23% 26% 24% 25% 26%
4 7 13 15 16 24 19 24 22 35 30 36
EPS in Rs 0.99 1.80 3.13 3.72 3.81 5.74 4.63 5.67 5.29 7.66 6.53 7.88
Dividend Payout % 0% 0% 13% 21% 26% 26% 0% 0% 0% 0% 0% 13%
Compounded Sales Growth
10 Years: 15%
5 Years: 13%
3 Years: 20%
TTM: 3%
Compounded Profit Growth
10 Years: 19%
5 Years: 13%
3 Years: 18%
TTM: 20%
Stock Price CAGR
10 Years: 48%
5 Years: 45%
3 Years: 32%
1 Year: 135%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 8 8 8 8 8 8 8 9 9 9
Reserves 29 35 70 81 97 116 128 151 174 358 386 422
46 66 83 67 66 107 120 134 200 175 187 209
25 35 31 34 29 54 56 88 86 133 102 112
Total Liabilities 107 144 192 191 200 285 312 381 467 676 685 752
44 47 77 97 94 108 145 157 227 329 362 455
CWIP 1 3 1 0 4 6 5 46 30 29 55 15
Investments 0 0 26 0 0 0 0 0 0 9 15 21
62 94 89 93 102 171 161 178 210 309 252 261
Total Assets 107 144 192 191 200 285 312 381 467 676 685 752

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16 21 4 36 17 5 66 66 22 56 85 74
-14 -32 -38 1 -14 -26 -62 -64 -82 -134 -93 -92
-1 12 32 -29 -11 20 -4 4 53 108 -5 5
Net Cash Flow 1 1 -1 8 -8 -0 0 6 -6 30 -14 -13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 79 76 58 69 78 64 66 70 64 54 66
Inventory Days 66 64 71 67 67 75 75 92 113 114 69 82
Days Payable 95 114 54 56 48 68 57 96 79 86 49 66
Cash Conversion Cycle 49 29 93 70 87 85 83 62 105 92 74 82
Working Capital Days 65 60 76 54 79 98 73 59 104 87 78 85
ROCE % 15% 20% 16% 19% 19% 21% 17% 15% 13% 14% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.08% 46.32% 46.29% 43.81% 43.81% 43.81% 43.81% 43.81% 43.81% 43.81% 43.81% 43.81%
0.08% 2.45% 3.48% 6.10% 6.94% 7.13% 7.12% 7.13% 7.12% 7.01% 7.00% 6.64%
13.72% 13.26% 13.39% 13.53% 13.83% 14.35% 14.37% 14.10% 13.84% 13.82% 12.99% 7.70%
35.12% 37.97% 36.84% 36.56% 35.42% 34.71% 34.70% 34.95% 35.23% 35.36% 36.20% 41.86%
No. of Shareholders 4,2824,3324,4804,6354,7974,9995,1315,2575,7296,2368,3399,208

* 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.

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Documents

Concalls