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Shilp Gravures Ltd (513709)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513709 NSE: Engineering - Industrial Equipments | Small Cap | Shilp Gravures Share Price

₹143.10 -4.05 (-2.75%)

As on 10-Jun'26 16:01

Shilp Gravures Ltd (513709)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513709 NSE: Engineering - Industrial Equipments | Small Cap | Shilp Gravures Share Price

₹143.10 -4.05 (-2.75%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹90 Cr.
Current Price
₹143.1
52-Week Low / High
₹130 / 315
TTM EPS
₹12.9
TTM Sales
₹88.4 Cr.
Book Value per Share
₹174.5
P/E Ratio
11.37
Higher than its 5-year historical median
Industry PE
56.2
Price to Book (P/B)
0.84
Lower than its 5-year historical median
Price to Sales (P/S)
1.02
Lower than its 5-year historical median
EV/EBITDA
5.06
In line with its 5-year historical median
Dividend Yield
0.93%
Profitability Efficiency
Return on Equity (ROE)
4.24%
Underperforms industry median
Return on Capital Employed (ROCE)
5.40%
Underperforms industry median
Return on Assets (ROA)
3.59%
Operating Profit Margin
8.6%
Net Profit Margin
5.09%
Gross Profit Margin
12.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.32%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-33.75%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-62.44%
Asset Quality
Promoter Holding
60.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹101 Cr.
Equity
₹6.2 Cr.
Face Value
₹10
All Time Low / High
₹5.00 / 393.65

Shilp Gravures stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Shilp Gravures Ltd a good quality company?
Shilp Gravures Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Shilp Gravures Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shilp Gravures Ltd vs industry peers?
Shilp Gravures Ltd revenue CAGR is 4.63%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Shilp Gravures Ltd?
Promoters hold 60.83% of the Shilp Gravures Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shilp Gravures Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10.1% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shilp Gravures Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.9%17.9%14.4%13.9%5%17.3%14.3%12.3%15.7%5.4%-
Value Creation
Index
-0.20.30.00.0-0.70.20.0-0.10.1-0.6-

Growth Parameters

Sales 63.664.667.674.165.962.867.77777.782.688
Sales YoY Gr.-1.7%4.6%9.6%-11.1%-4.7%7.9%13.7%1%6.3%-
Adj EPS 7.311.610.111.84.514.310.712.89.64.212.9
YoY Gr.-59.3%-13.1%17.2%-61.8%217.1%-25.2%19.2%-24.9%-56.6%-
BVPS (₹) 76.287.597104.6102.7119.9132.5143.1159.2163.6174.5
Adj Net
Profit
4.57.16.27.32.88.86.67.85.92.68
Cash Flow from Ops. 16.812.59.710.310.110.910.1128.810.2-
Debt/CF from Ops. 0.70.61.11.31.50.20.20.10.30-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3%4.6%6.9%6.3%
Adj EPS -6%-1.7%-27.1%-56.6%
BVPS8.9%9.8%7.3%2.8%
Share Price 7.9% 6.5% 12.4% -45.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.814.210.911.74.412.98.59.36.32.67.7
Op. Profit
Mgn %
23.22421.820.717.818.917.418.813.48.616.7
Net Profit
Mgn %
7119.29.84.2149.710.27.63.19
Debt to
Equity
0.20.20.20.20.2000000
Working Cap
Days
130112132138170185170151151140122
Cash Conv.
Cycle
52445969828477666655100

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales63.5864.6467.6374.1365.8762.7567.7176.9577.7082.61
Operating Expenses + 48.8649.2152.9559.1557.5650.9855.9563.7867.3375.74
Manufacturing Costs7.286.779.03109.578.658.948.699.1511.05
Material Costs16.5416.3118.6420.2716.8817.4421.3724.5325.6829.04
Employee Cost 17.1618.8919.6323.3022.3220.3621.6924.3527.2129.28
Other Costs 7.887.245.665.598.784.523.946.215.296.37
Operating Profit 14.7315.4314.6814.988.3111.7711.7713.1810.376.87
Operating Profit Margin (%) 23.2%23.9%21.7%20.2%12.6%18.8%17.4%17.1%13.3%8.3%
Other Income + 1.061.361.402.161.426.394.011.648.813.63
Exceptional Items -2.67000000000
Interest 1.700.980.991.201.300.850.270.270.250.28
Depreciation 6.076.076.596.865.894.794.354.244.365.07
Profit Before Tax 5.359.758.509.072.5512.5211.1610.3114.575.15
Tax 2.322.641.471.361.412.042.462.743.360.94
Profit After Tax 3.037.117.037.711.1310.488.707.5711.214.21
PAT Margin (%) 4.8%11.0%10.4%10.4%1.7%16.7%12.9%9.8%14.4%5.1%
Adjusted EPS (₹)4.911.611.412.51.817.014.212.318.26.8
Dividend Payout Ratio (%)24.40%13%13.10%31.90%81.30%10.60%12.70%17.10%11.50%30.70%

Valuation of Shilp Gravures - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 46.8453.7959.6864.3063.1773.7181.498897.89100.60
Share Capital 6.156.156.156.156.156.156.156.156.156.15
Reserves 40.6947.6453.5358.1557.0267.5675.3481.8591.7494.45
Debt +11.037.518.5110.8011.822.142.340.832.620
Long Term Debt1.381.064.466.525.400.030000
Short Term Debt9.656.454.054.286.422.112.340.832.620
Minority Interest0000000000
Trade Payables6.876.587.977.457.395.315.935.696.138.48
Others Liabilities 8.6310.9711.569.749.588.778.339.4610.358.63
Total Liabilities 73.3878.8587.7292.2891.9689.9398.09103.98116.99117.71

Fixed Assets

Net Fixed Assets +44.2040.9143.6642.6142.9739.4044.2141.3646.2245.60
Gross Block117.5846.8656.0361.3267.4368.1076.8777.9287.0791.02
Accumulated Depreciation73.385.9412.3718.7124.4628.7032.6736.5640.8545.42
CWIP 0.090.260.290.280.5600.162.461.070
Investments 1.5412.2916.1819.7515.4118.6921.3127.8735.0536.76
Inventories4.935.196.657.998.246.707.376.877.056.14
Trade Receivables12.8512.6215.5415.8914.7314.2813.4214.2713.2414.23
Cash Equivalents 7.662.330.720.660.560.750.500.682.164.47
Others Assets 2.105.254.695.109.5010.1011.1110.4712.1910.52
Total Assets 73.3878.8587.7292.2891.9689.9398.09103.98116.99117.71

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 16.7612.479.7210.2510.1110.9010.0812.018.7910.23
PBT 5.359.758.509.072.5512.5211.1610.3114.575.15
Adjustment 11.455.876.247.129.47-0.570.784.36-42.61
Changes in Working Capital 2.55-0.12-2.06-3.29-0.250.760.42-0.591.12.51
Tax Paid -2.59-3.04-2.96-2.66-1.65-1.80-2.29-2.07-2.89-0.04
Cash Flow From Investing Activity + -9.75-7.94-9.96-8.67-9.192.45-8.92-8.88-7.48-3.66
Capex -4.53-2.82-9.38-6.37-6.96-0.38-8.66-2.39-8.73-2.79
Net Investments -6.71-10.08-0.61-2.346.46-3.27-2.63-7.88-6.53-1.93
Others 1.494.950.040.03-8.706.112.361.387.781.07
Cash Flow From Financing Activity + -6.72-4.65-0.04-1.76-1.02-13.16-1.40-2.960.18-4.27
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -5.39-0.295.162.18-0.27-7.96-0.48-0.0200
Interest Paid -1.68-0.98-0.99-1.20-1.30-0.85-0.27-0.27-0.25-0.28
Dividend Paid -0.74-0.74-0.92-2.46-1.840-1.11-1.11-1.29-1.29
Others 1.10-2.65-3.29-0.282.40-4.350.46-1.571.72-2.70
Net Cash Flow 0.29-0.12-0.27-0.19-0.100.19-0.250.171.502.30

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.6214.1312.412.441.7815.3111.218.9312.064.24
ROCE (%)11.9117.9114.413.934.9517.3214.2812.2515.665.4
Asset Turnover Ratio0.90.920.830.820.720.690.720.760.70.7
PAT to CFO Conversion(x)5.531.751.381.338.951.041.161.590.782.43
Working Capital Days
Receivable Days7166.5074.5077.4084.8084.4074.7065.7064.6060.70
Inventory Days29.1026.4031.3036.104543.5037.9033.8032.7029.10
Payable Days141.70150.60142.50138.90160.50132.909686.408491.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shilp Gravures Ltd FAQs

The current trading price of Shilp Gravures on 10-Jun-2026 16:01 is ₹143.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Shilp Gravures stood at ₹90.49 Cr

The latest P/E ratio of Shilp Gravures as of 09-Jun-2026 is 11.37.

The latest P/B ratio of Shilp Gravures as of 09-Jun-2026 is 0.84.

The 52-week high of Shilp Gravures is ₹315.0 and the 52-week low is ₹130.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shilp Gravures is ₹88.38 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shilp Gravures Ltd is a good quality company.

The key valuation ratios of Shilp Gravures Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shilp Gravures Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Shilp Gravures Ltd

Shilp Gravures began operations in 1989 as an engraving house, when gravure industry in India was at its infancy. It had an inherent cutting edge, having been founded and run by a team of experienced technocrats, led by the visionary Ambar Patel. In 1990, the company set up its own chemical etching facility and in 1993, it opened the first and only electronic engraving house in India - Shilp Gravures Limited. From chemical etching to electronic engraving, it was a huge leap. But, thanks to its technocreativity, Shilp Gravures developed a special expertise in electronic engraving within a very short while.

In 1995, the company graduated to commercial production of electronically engraved cylinders, pioneering the technology in India. In the years that followed, Shilp Gravures brought the world's best in technology and software to India, as they emerged in global technology capitals. It has had a long stint as India's market leader in quality quantity, and by popular opinion, is the country's most creative presence in the field.

Shilp Gravures' electro-mechanical engraving plant at Rakanpur near Ahmedabad, India, features the best technologies and equipment in the field- engravers, copper plating plant and polish master from Daetwyler, Switzerland, proof press from JM Heaford, UK, high-end pre-press shop from ArtPro & Esko Graphics, Belgium.

Shilp Gravures is India's pioneer and undisputed leader in electro-mechanical engraving, with a substantial market share of the flexible packaging industry. Shilp Gravures has assimilated the world's best equipment and infrastructure available in the field at its plants

Product range of the company includes:

  • Engraved Screen
  • Engraved Gravures Cylinders:-   -Electromechanical Engraved rollers.   -Mechanically Engraved rollers.  -Chemically Etched rollers.  -Laser Engraved rollers.
  • Flexo Plate Procession
  • Base Shell

Product Application    Shilp serves complete cross-section of the gravure industry such as:

  • Flexible Packaging 
  • Anilox Rollers 
  • PVC Flooring 
  • Decorative Laminates  
  • Specialty Coatings
  • Artificial Leather
  • Gift Wrapper  
  • Fine Text  
  • Lables  

Awards

2010 - ET Now IndiaMART Leaders of Tomorrow Awards 2010

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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