Shilchar Technologies Ltd

Shilchar Technologies Ltd

₹ 4,144 0.59%
21 May - close price
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
95 67 106 118 105 107 131 154 232 159 171 170 152
74 47 77 86 74 78 90 111 161 106 118 118 120
Operating Profit 21 20 30 32 31 29 41 43 71 52 54 52 32
OPM % 22% 30% 28% 27% 30% 28% 31% 28% 31% 33% 31% 31% 21%
1 3 4 3 3 3 4 5 5 4 9 6 7
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 22 22 33 35 34 32 44 47 75 56 62 57 37
Tax % 26% 25% 25% 25% 27% 25% 25% 26% 26% 25% 25% 26% 24%
16 16 24 26 25 24 33 35 55 41 46 42 28
EPS in Rs 14.28 14.37 21.40 22.89 21.95 21.04 28.71 30.50 48.56 36.27 40.16 37.01 24.82
Raw PDF

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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Total Employees (Permanent + Contract)
Number
Export Share of Revenue
%
Average Capacity Utilization
%
Annual Production Volume
MVA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
65.85% 65.85% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 62.12% 62.12%
0.59% 1.00% 3.17% 3.55% 3.08% 3.22% 2.29% 2.05% 2.12% 2.73% 2.75% 2.55%
0.00% 0.00% 0.00% 0.00% 0.02% 0.03% 0.11% 0.11% 0.13% 0.33% 1.49% 1.91%
0.52% 0.53% 0.53% 0.53% 0.53% 0.53% 0.53% 0.53% 0.00% 0.00% 0.00% 0.00%
33.05% 32.63% 32.29% 31.93% 32.37% 32.22% 33.06% 33.30% 33.73% 32.92% 33.65% 33.43%
No. of Shareholders 5,1169,84612,95216,01123,22027,09931,36736,35242,59142,64143,68743,953

* 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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