Shaily Engineering Plastics Ltd

Shaily Engineering Plastics Ltd

₹ 637 0.69%
26 Apr - 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 2,921 Cr.
  • Current Price 637
  • High / Low 672 / 222
  • Stock P/E 61.0
  • Book Value 92.3
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 9.15 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 6.90 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
145 148 154 175 161 136 134 157 158 158
123 128 135 153 136 117 109 131 134 127
Operating Profit 22 20 19 22 25 19 25 27 24 32
OPM % 15% 14% 13% 13% 16% 14% 19% 17% 15% 20%
1 3 3 2 1 0 1 1 3 1
Interest 4 5 5 4 4 5 5 4 4 5
Depreciation 6 7 7 8 8 8 10 8 8 9
Profit before tax 14 12 11 12 14 7 12 16 14 19
Tax % 24% 23% 26% 24% 28% 19% 15% 19% 23% 22%
10 9 8 9 10 6 10 13 11 15
EPS in Rs 2.26 1.96 1.71 2.07 2.20 1.24 2.16 2.75 2.36 3.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 TTM
568 607 608
485 514 500
Operating Profit 82 93 107
OPM % 15% 15% 18%
9 4 6
Interest 18 19 18
Depreciation 27 33 36
Profit before tax 47 45 60
Tax % 24% 22%
35 35 48
EPS in Rs 7.68 7.66 10.44
Dividend Payout % 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 45%
Stock Price CAGR
10 Years: 47%
5 Years: 34%
3 Years: 33%
1 Year: 175%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9
Reserves 358 392 414
175 187 209
135 104 128
Total Liabilities 677 693 760
333 367 373
CWIP 29 68 96
Investments 0 0 0
316 257 292
Total Assets 677 693 760

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
55 90
-129 -101
108 -5
Net Cash Flow 34 -16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
Debtor Days 65 55
Inventory Days 114 69
Days Payable 87 51
Cash Conversion Cycle 92 73
Working Capital Days 88 78
ROCE % 11%

Shareholding Pattern

Numbers in percentages

1 Recently
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.

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

Documents

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