Shilchar Technologies Ltd
Shilchar Technologies is engaged in the business of manufacturing Electronics & Telecom and Power & Distribution transformers.
The company has recently ventured into the manufacturing of Ferrite transformers. [1]
- Market Cap ₹ 4,850 Cr.
- Current Price ₹ 4,239
- High / Low ₹ 6,125 / 2,804
- Stock P/E 27.3
- Book Value ₹ 367
- Dividend Yield 0.29 %
- ROCE 71.3 %
- ROE 52.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 151% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 51.9%
- Company's median sales growth is 35.2% of last 10 years
Cons
- Stock is trading at 11.6 times its book value
- Promoter holding has decreased over last quarter: -1.89%
* 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 Electrical Equipment Other Electrical Equipment
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 | 106 | 102 | 109 | 88 | 118 | 71 | 118 | 180 | 280 | 397 | 623 | 716 | |
| 93 | 98 | 88 | 92 | 78 | 104 | 68 | 108 | 161 | 227 | 284 | 438 | 495 | |
| Operating Profit | 8 | 8 | 13 | 18 | 9 | 14 | 3 | 10 | 19 | 53 | 113 | 185 | 220 |
| OPM % | 8% | 8% | 13% | 16% | 11% | 12% | 4% | 8% | 11% | 19% | 29% | 30% | 31% |
| 3 | 3 | 3 | 3 | 1 | 2 | 3 | 2 | 3 | 8 | 13 | 16 | 23 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 4 |
| Profit before tax | 7 | 9 | 14 | 19 | 8 | 11 | 2 | 7 | 19 | 58 | 123 | 197 | 239 |
| Tax % | 40% | 35% | 35% | 35% | 28% | 27% | 25% | 24% | 27% | 26% | 25% | 26% | |
| 4 | 6 | 9 | 12 | 6 | 8 | 2 | 6 | 14 | 43 | 92 | 147 | 178 | |
| EPS in Rs | 3.67 | 5.10 | 7.97 | 10.78 | 5.15 | 6.80 | 1.32 | 4.84 | 12.32 | 37.82 | 80.61 | 128.82 | 155.49 |
| Dividend Payout % | 14% | 10% | 10% | 9% | 13% | 10% | 25% | 10% | 11% | 9% | 10% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 54% |
| 3 Years: | 51% |
| TTM: | 55% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 151% |
| 3 Years: | 119% |
| TTM: | 65% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 53% |
| 5 Years: | 135% |
| 3 Years: | 152% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 44% |
| 3 Years: | 52% |
| Last Year: | 53% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 8 | 11 |
| Reserves | 21 | 26 | 34 | 46 | 50 | 57 | 57 | 63 | 76 | 118 | 202 | 339 | 408 |
| 21 | 6 | 0 | 4 | 13 | 16 | 15 | 8 | 17 | -0 | -0 | -0 | -0 | |
| 32 | 37 | 32 | 30 | 28 | 22 | 27 | 33 | 49 | 56 | 83 | 143 | 92 | |
| Total Liabilities | 77 | 72 | 69 | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 | 512 |
| 18 | 18 | 18 | 17 | 16 | 41 | 39 | 37 | 36 | 39 | 41 | 59 | 59 | |
| CWIP | -0 | 0 | -0 | 6 | 22 | -0 | -0 | -0 | 0 | 0 | 5 | -0 | -0 |
| Investments | 1 | 1 | 3 | 12 | 6 | 0 | -0 | 1 | -0 | 7 | 20 | 54 | 141 |
| 59 | 53 | 49 | 49 | 52 | 57 | 64 | 69 | 110 | 132 | 227 | 377 | 311 | |
| Total Assets | 77 | 72 | 69 | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 | 512 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 20 | 8 | 12 | 5 | 1 | 6 | 10 | -6 | 39 | 76 | 40 | |
| -1 | -2 | -3 | -16 | -11 | 1 | -0 | -1 | -1 | -12 | -23 | -48 | |
| -1 | -16 | -7 | 3 | 7 | -2 | -4 | -10 | 6 | -19 | -29 | 5 | |
| Net Cash Flow | -1 | 2 | -3 | -1 | 0 | -0 | 1 | -1 | -1 | 9 | 25 | -4 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 139 | 103 | 104 | 107 | 115 | 98 | 167 | 96 | 140 | 120 | 86 | 134 |
| Inventory Days | 44 | 38 | 44 | 37 | 66 | 72 | 151 | 109 | 82 | 42 | 87 | 88 |
| Days Payable | 111 | 122 | 112 | 107 | 133 | 73 | 161 | 113 | 93 | 67 | 80 | 102 |
| Cash Conversion Cycle | 73 | 20 | 36 | 38 | 48 | 97 | 157 | 93 | 129 | 96 | 93 | 120 |
| Working Capital Days | 15 | 24 | 56 | 46 | 73 | 90 | 147 | 98 | 91 | 86 | 77 | 112 |
| ROCE % | 22% | 24% | 41% | 43% | 16% | 19% | 4% | 13% | 24% | 54% | 75% | 71% |
Documents
Announcements
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Intimation About Listing And Trading Approval From The National Stock Exchange Of India Limited ("NSE").
1d - 11440200 equity shares to be listed on NSE (symbol SHILCTECH) w.e.f. 24 Nov 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Nov - Investor/analyst meetings scheduled 17 Nov 2025 at Avendus Spark INDX Annual Investor Conference (no UPSI).
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24 Oct - Transcript of Conference Call held on October 18, 2025
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Oct
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
23 Oct - Promoter Alay Jitendra Shah sold 117,000 shares (1.0227%) on 21/10/2025; holding now 24.5585%.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Oct 2025Transcript PPT REC
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Aug 2025TranscriptNotesPPT
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Apr 2025Transcript PPT REC
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Jan 2025TranscriptNotesPPT
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Oct 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
Product Portfolio
The company is a leading manufacturer of power & distribution transformers and electronics & telecom transformers in India. It produces distribution transformers with capacities ranging from 5 KVA to 3,000 KVA and power transformers ranging from 3 MVA to 15 MVA. [1] [2]