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Shilp Gravures Ltd (SHILGRAVQ)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513709 NSE: SHILGRAVQ Engineering - Industrial Equipments | Small Cap | Shilp Gravures Share Price
₹147.65 4.75 (3.32%)
As on 25-Sep'26 16:59
Shilp Gravures Ltd (SHILGRAVQ)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513709 NSE: SHILGRAVQ Engineering - Industrial Equipments | Small Cap | Shilp Gravures Share Price
₹147.65 4.75 (3.32%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹91 Cr.
Current Price
₹147.7
52-Week Low / High
₹130 / 280
TTM EPS
₹10.8
TTM Sales
₹98.3 Cr.
Book Value per Share
₹176.1
P/E Ratio
13.66
Higher than its 5-year historical median
Industry PE
59.4
Price to Book (P/B)
0.84
Lower than its 5-year historical median
Price to Sales (P/S)
0.92
Lower than its 5-year historical median
EV/EBITDA
5.31
In line with its 5-year historical median
Dividend Yield
1.42%
Profitability Efficiency
Return on Equity (ROE)
6.86%
Underperforms industry median
Return on Capital Employed (ROCE)
8.77%
Underperforms industry median
Return on Assets (ROA)
5.93%
Operating Profit Margin
11.5%
Net Profit Margin
7.15%
Gross Profit Margin
17.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
6.98%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
181.46%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
88.68%
Asset Quality
Promoter Holding
60.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹102 Cr.
Equity
₹6.2 Cr.
Face Value
₹10
All Time Low / High
₹5.00 / 393.65
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Shilp Gravures Ltd a good quality company?
Shilp Gravures Ltd is a quality company, based on a 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?
Revenue growth of Shilp Gravures Ltd vs industry peers?
Shilp Gravures Ltd revenue CAGR is 6.99%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
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.
Stock return of Shilp Gravures Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.9% | 14.4% | 13.9% | 5% | 17.3% | 14.3% | 12.3% | 15.7% | 5.4% | 9.5% | - |
| Value Creation Index ⓘ | 0.3 | 0.0 | 0.0 | -0.7 | 0.2 | 0.0 | -0.1 | 0.1 | -0.6 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 64.6 | 67.6 | 74.1 | 65.9 | 62.8 | 67.7 | 77 | 77.7 | 82.6 | 88.4 | 89 |
| Sales YoY Gr. | - | 4.6% | 9.6% | -11.1% | -4.7% | 7.9% | 13.7% | 1% | 6.3% | 7% | - |
| Adj EPS ⓘ | 11.6 | 10.1 | 11.8 | 4.5 | 14.3 | 10.7 | 12.8 | 9.6 | 4.2 | 13.8 | 12.7 |
| YoY Gr. | - | -13.1% | 17.2% | -61.8% | 217.1% | -25.2% | 19.2% | -24.9% | -56.6% | 233% | - |
| BVPS (₹) ⓘ | 87.5 | 97 | 104.6 | 102.7 | 119.9 | 132.5 | 143.1 | 159.2 | 163.6 | 174.5 | 180.6 |
| Adj Net Profit ⓘ | 7.1 | 6.2 | 7.3 | 2.8 | 8.8 | 6.6 | 7.8 | 5.9 | 2.6 | 8.5 | 8 |
| Cash Flow from Ops. ⓘ | 12.5 | 9.7 | 10.3 | 10.1 | 10.9 | 10.1 | 12 | 8.8 | 10.2 | 9.2 | - |
| Debt/CF from Ops. ⓘ | 0.6 | 1.1 | 1.3 | 1.5 | 0.2 | 0.2 | 0.1 | 0.3 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.5% | 7.1% | 4.7% | 7% | ||||
| Adj EPS ⓘ | 2% | -0.7% | 2.7% | 233% | ||||
| BVPSⓘ | 8% | 7.8% | 6.8% | 6.7% | ||||
| Share Price | 7% | 4.5% | 8% | -44.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.2 | 10.9 | 11.7 | 4.4 | 12.9 | 8.5 | 9.3 | 6.3 | 2.6 | 8.2 | 7.2 |
| Op. Profit Mgn % ⓘ | 24 | 21.8 | 20.7 | 17.8 | 18.9 | 17.4 | 18.8 | 13.4 | 4.6 | 12.4 | 16.5 |
| Net Profit Mgn % ⓘ | 11 | 9.2 | 9.8 | 4.2 | 14 | 9.7 | 10.2 | 7.6 | 3.1 | 9.6 | 8.8 |
| Debt to Equity ⓘ | 0.2 | 0.2 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 112 | 132 | 138 | 170 | 185 | 170 | 151 | 151 | 140 | 140 | 122 |
| Cash Conv. Cycle ⓘ | 44 | 59 | 69 | 82 | 84 | 77 | 66 | 66 | 56 | 52 | 100 |
Valuation of Shilp Gravures - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 62.55 | 59.67 | 63.58 | 70.65 | 69.81 | 74.79 | 87.20 | 87.48 | 91.52 | 97.87 |
| Operating Expenses ⓘ + | 49.38 | 46.01 | 48.86 | 62.13 | 57.12 | 62.97 | 72.58 | 75.88 | 87.68 | 87.09 |
| Operating Profit ⓘ | 13.16 | 13.67 | 14.73 | 8.51 | 12.70 | 11.82 | 14.62 | 11.60 | 3.83 | 10.78 |
| Operating Profit Margin (%) | 21.0% | 22.9% | 23.2% | 12.1% | 18.2% | 15.8% | 16.8% | 13.3% | 4.2% | 11.0% |
| Other Income ⓘ + | 0.51 | 0.87 | 1.15 | 1.23 | 6.05 | 3.72 | 1.28 | 8.43 | 6.50 | 6.24 |
| Interest ⓘ | 2.63 | 2.15 | 1.70 | 1.47 | 1.07 | 0.53 | 0.41 | 0.36 | 0.37 | 0.32 |
| Depreciation ⓘ | 6.60 | 6.24 | 6.07 | 6.14 | 5.40 | 4.95 | 4.79 | 4.84 | 5.48 | 5.54 |
| Profit Before Tax ⓘ | 4.44 | 6.15 | 8.11 | 2.13 | 12.28 | 10.07 | 10.69 | 14.83 | 4.49 | 8.64 |
| Tax ⓘ | 2.28 | 1.61 | 2.32 | 1.26 | 2.01 | 2.15 | 2.88 | 3.41 | 0.77 | 1.64 |
| Profit After Tax | 2.16 | 4.54 | 5.79 | 0.87 | 10.27 | 7.91 | 7.81 | 11.42 | 3.71 | 7 |
| PAT Margin (%) | 3.5% | 7.6% | 9.1% | 1.2% | 14.7% | 10.6% | 9.0% | 13.1% | 4.1% | 7.2% |
| Adjusted EPS (₹) | 4.0 | 7.1 | 9.3 | 1.4 | 16.7 | 12.9 | 12.7 | 18.6 | 6.0 | 11.4 |
| Dividend Payout Ratio (%) | 29.70% | 17% | 12.90% | 106.20% | 10.80% | 14% | 16.50% | 11.30% | 34.80% | 18.50% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 39.94 | 42.20 | 46.84 | 62.87 | 73.21 | 80.15 | 86.90 | 96.95 | 99.12 | 104.93 | |
| Debt + | 18.56 | 15.17 | 11.03 | 13.72 | 3.78 | 3.31 | 1.27 | 3.21 | 0.18 | 0 | |
| Minority Interest | 0.01 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 8.61 | 9.43 | 7.03 | 8.23 | 6.12 | 6.82 | 8.92 | 6.60 | 9.02 | 6.28 | |
| Others Liabilities ⓘ | 16.34 | 12.35 | 8.63 | 9.85 | 9.15 | 8.72 | 10.09 | 10.27 | 8.30 | 8.12 | |
| Total Liabilities ⓘ | 83.46 | 79.34 | 73.53 | 94.67 | 92.26 | 99.01 | 107.19 | 117.04 | 116.62 | 119.33 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 52.96 | 49.44 | 44.20 | 52.44 | 48.43 | 53.14 | 50.15 | 54.56 | 53.56 | 58.85 | |
| CWIP ⓘ | 0.32 | 0.07 | 0.09 | 0.58 | 0 | 0.17 | 2.46 | 1.07 | 0 | 0 | |
| Investments ⓘ | 0.02 | 0.02 | 1.54 | 10.93 | 14.20 | 16.83 | 23.39 | 30.57 | 32.27 | 27.09 | |
| Inventories | 6.76 | 8.07 | 4.93 | 8.94 | 7.54 | 8.02 | 7.57 | 7.57 | 6.95 | 6 | |
| Trade Receivables | 14.28 | 15.83 | 12.85 | 15.89 | 15.41 | 14.12 | 17.43 | 14.06 | 15.49 | 16.98 | |
| Cash Equivalents | 1.23 | 1.23 | 7.66 | 0.80 | 0.89 | 0.73 | 0.71 | 2.20 | 4.50 | 1.52 | |
| Others Assets ⓘ | 7.89 | 4.68 | 2.26 | 5.10 | 5.78 | 6 | 5.48 | 7.02 | 3.85 | 8.89 | |
| Total Assets ⓘ | 83.46 | 79.34 | 73.53 | 94.67 | 92.26 | 99.01 | 107.19 | 117.04 | 116.62 | 119.33 | |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 11.95 | 10.21 | 16.47 | 10.03 | 11.82 | 11 | 13.53 | 9.28 | 9.94 | 9.59 |
| Cash Flow From Investing Activity ⓘ + | -9.13 | -3.63 | -9.85 | -9.78 | 1.83 | -9.15 | -9.63 | -7.64 | -2.78 | -10.42 |
| Cash Flow From Financing Activity ⓘ + | -2.87 | -6.61 | -6.46 | -0.13 | -13.54 | -2.18 | -3.78 | -0.14 | -4.86 | -2.13 |
| Net Cash Flow ⓘ | -0.04 | -0.03 | 0.15 | 0.11 | 0.11 | -0.32 | 0.12 | 1.50 | 2.30 | -2.96 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.52 | 11.06 | 13 | 1.58 | 15.09 | 10.32 | 9.35 | 12.42 | 3.79 | 6.86 |
| ROCE (%) | 11.88 | 13.68 | 16.59 | 5.22 | 16.9 | 13.08 | 12.86 | 16.09 | 4.86 | 8.77 |
| Asset Turnover Ratio | 0.84 | 0.79 | 0.9 | 0.84 | 0.75 | 0.78 | 0.85 | 0.78 | 0.78 | 0.83 |
| PAT to CFO Conversion(x) | 5.53 | 2.25 | 2.84 | 11.53 | 1.15 | 1.39 | 1.73 | 0.81 | 2.68 | 1.37 |
| Working Capital Days | ||||||||||
| Receivable Days | 75.80 | 85.50 | 76 | 74.20 | 81.80 | 72.10 | 66 | 65.70 | 58.90 | 60.50 |
| Inventory Days | 34.20 | 42.10 | 34.40 | 35.80 | 43.10 | 38 | 32.60 | 31.60 | 28.90 | 24.10 |
| Payable Days | 154.20 | 211 | 181.50 | 151.70 | 134.10 | 99.90 | 103.70 | 98.40 | 89.80 | 82.50 |
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Shilp Gravures Ltd FAQs
The current trading price of Shilp Gravures on 25-Sep-2026 16:59 is ₹147.7.
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 24-Sep-2026 the market cap of Shilp Gravures stood at ₹90.80 Cr
The latest P/E ratio of Shilp Gravures as of 24-Sep-2026 is 11.63.
The latest P/B ratio of Shilp Gravures as of 24-Sep-2026 is 0.82.
The 52-week high of Shilp Gravures is ₹279.9 and the 52-week low is ₹130.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shilp Gravures is ₹88.91 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shilp Gravures Ltd is a average 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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