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 ₹ 4,750 Cr.
- Current Price ₹ 4,144
- High / Low ₹ 6,125 / 2,851
- Stock P/E 30.0
- Book Value ₹ 429
- Dividend Yield 0.30 %
- ROCE 50.7 %
- ROE 37.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 95.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.1%
- Company's median sales growth is 38.4% of last 10 years
Cons
- Stock is trading at 9.66 times its book value
- Promoter holding has decreased over last 3 years: -3.73%
- Working capital days have increased from 131 days to 204 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 Electrical Equipment Other Electrical Equipment
Part of BSE Industrials BSE 1000
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 106 | 102 | 109 | 88 | 118 | 71 | 118 | 180 | 280 | 397 | 623 | 652 | |
| 98 | 88 | 92 | 78 | 104 | 68 | 108 | 161 | 227 | 284 | 438 | 462 | |
| Operating Profit | 8 | 13 | 18 | 9 | 14 | 3 | 10 | 19 | 53 | 113 | 185 | 190 |
| OPM % | 8% | 13% | 16% | 11% | 12% | 4% | 8% | 11% | 19% | 29% | 30% | 29% |
| 3 | 3 | 3 | 1 | 2 | 3 | 2 | 3 | 8 | 13 | 16 | 26 | |
| Interest | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 4 |
| Profit before tax | 9 | 14 | 19 | 8 | 11 | 2 | 7 | 19 | 58 | 123 | 197 | 212 |
| Tax % | 35% | 35% | 35% | 28% | 27% | 25% | 24% | 27% | 26% | 25% | 26% | 25% |
| 6 | 9 | 12 | 6 | 8 | 2 | 6 | 14 | 43 | 92 | 147 | 158 | |
| EPS in Rs | 5.10 | 7.97 | 10.78 | 5.15 | 6.80 | 1.32 | 4.84 | 12.32 | 37.82 | 80.61 | 128.82 | 138.25 |
| Dividend Payout % | 10% | 10% | 9% | 13% | 10% | 25% | 10% | 11% | 9% | 10% | 6% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 41% |
| 3 Years: | 33% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 96% |
| 3 Years: | 54% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | 122% |
| 3 Years: | 85% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 44% |
| 3 Years: | 46% |
| Last Year: | 38% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 8 | 11 |
| Reserves | 26 | 34 | 46 | 50 | 57 | 57 | 63 | 76 | 118 | 202 | 339 | 479 |
| 6 | 0 | 4 | 13 | 16 | 15 | 8 | 17 | 0 | 0 | 0 | 0 | |
| 37 | 32 | 30 | 28 | 22 | 27 | 33 | 49 | 56 | 83 | 143 | 100 | |
| Total Liabilities | 72 | 69 | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 | 591 |
| 18 | 18 | 17 | 16 | 41 | 39 | 37 | 36 | 39 | 41 | 59 | 69 | |
| CWIP | 0 | 0 | 6 | 22 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 6 |
| Investments | 1 | 3 | 12 | 6 | 0 | 0 | 1 | 0 | 7 | 20 | 54 | 202 |
| 53 | 49 | 49 | 52 | 57 | 64 | 69 | 110 | 132 | 227 | 377 | 313 | |
| Total Assets | 72 | 69 | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 | 591 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 | 8 | 12 | 5 | 1 | 6 | 10 | -6 | 39 | 76 | 40 | 192 | |
| -2 | -3 | -16 | -11 | 1 | -0 | -1 | -1 | -12 | -23 | -48 | -169 | |
| -16 | -7 | 3 | 7 | -2 | -4 | -10 | 6 | -19 | -29 | 5 | -31 | |
| Net Cash Flow | 2 | -3 | -1 | 0 | -0 | 1 | -1 | -1 | 9 | 25 | -4 | -8 |
| Free Cash Flow | 19 | 6 | 6 | -13 | -4 | 6 | 10 | -9 | 34 | 66 | 21 | 169 |
| CFO/OP | 277% | 95% | 105% | 95% | 19% | 217% | 121% | -13% | 102% | 94% | 45% | 134% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 103 | 104 | 107 | 115 | 98 | 167 | 96 | 140 | 120 | 86 | 134 | 86 |
| Inventory Days | 38 | 44 | 37 | 66 | 72 | 151 | 109 | 82 | 42 | 87 | 88 | 83 |
| Days Payable | 122 | 112 | 107 | 133 | 73 | 161 | 113 | 93 | 67 | 80 | 102 | 64 |
| Cash Conversion Cycle | 20 | 36 | 38 | 48 | 97 | 157 | 93 | 129 | 96 | 93 | 120 | 105 |
| Working Capital Days | 24 | 56 | 46 | 73 | 90 | 147 | 98 | 91 | 86 | 77 | 112 | 204 |
| ROCE % | 24% | 41% | 43% | 16% | 19% | 4% | 13% | 24% | 54% | 75% | 71% | 51% |
Insights
In beta| Mar 2014 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Apr 2027 (P) | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Production Capacity MVA |
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| Annual Production Volume MVA |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
13 May - Commissioner set aside Rs.3.18 crore GST demand on 30 Apr 2026; company says no material impact.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11 May - Transcript of Conference Call held on 05th May, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Newspaper publication of Audited financial results for the quarter and year ended on 31st March, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 May - Audio recording of 5 May 2026 investor call on audited FY2026 results uploaded.
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Announcement under Regulation 30 (LODR)-Investor Presentation
5 May - Investor Presentation for quarter and year ended on 31st March, 2026
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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May 2026Transcript PPT REC
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Jan 2026TranscriptAI SummaryPPT
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Oct 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Apr 2025Transcript PPT REC
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Jan 2025TranscriptAI SummaryPPT
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Oct 2024Transcript PPT REC
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Aug 2024TranscriptAI SummaryPPT
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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]