Shaily Engineering Plastics Ltd - Stock Valuation and Financial Performance

BSE: 501423 | NSE: SHAILY | Plastic Products | Small Cap

Shaily Engg. Plastic Share Price

530.55 11.50 2.22%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Shaily Engg. Plastic

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Shaily Engineering Plastics stock performance -

mw4me loader
P/E Ratio (SA):
72.60
Market Cap:
2,430.8 Cr.
52-wk low:
198
52-wk high:
559.8

Is Shaily Engineering Plastics Ltd an attractive stock to invest in?

1. Is Shaily Engineering Plastics Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shaily Engineering Plastics Ltd is a below average quality company.

2. Is Shaily Engineering Plastics Ltd undervalued or overvalued?

The key valuation ratios of Shaily Engineering Plastics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Shaily Engineering Plastics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Shaily Engineering Plastics Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Shaily Engg. Plastic:

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.
Shaily Engineering Plastics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.1%13.1%14.2%12%13.9%10.5%11.2%8.9%9.6%8.1%-
Value Creation
Index
-0.1-0.10.0-0.10.0-0.3-0.2-0.4-0.3-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 151180226246318338336361566600587
Sales YoY Gr.-19.2%25.5%9%29.5%6.3%-0.7%7.3%56.9%6%-
Adj EPS 1.83.13.73.45.54.45.64.96.977.3
YoY Gr.-73.7%19.6%-8.6%60.9%-19.2%25.6%-11.5%40.7%1.2%-
BVPS (₹) 11.618.821.625.429.932.738.343.78086.391.4
Adj Net
Profit
6.612.915.514.222.718.423.120.431.732.133
Cash Flow from Ops. 21.14.235.7175.366.56622.55684.7-
Debt/CF from Ops. 3.1201.93.920.11.828.93.12.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16.6%13.5%21.3%6%
Adj EPS 16.3%5%8%1.2%
BVPS25%23.6%31.1%7.8%
Share Price 47.6% 29.9% 39.3% 161.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.721.418.414.519.814.115.61211.58.48.2
Op. Profit
Mgn %
1614.717.316.81715.817.516.714.515.115.6
Net Profit
Mgn %
4.37.26.95.87.15.46.95.75.65.45.7
Debt to
Equity
1.61.10.80.60.90.90.81.10.50.5-
Working Cap
Days
14815212912915217717819015114876
Cash Conv.
Cycle
345057636672626965647

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.30%

Debt to equity has declined versus last 3 years average to 0.47

Return on Equity has declined versus last 3 years average to 8.20%

Net Profit has been subdued in last 3 years 7.99%

Sales growth is not so good in last 4 quarters at -4.63%

Latest Financials - Shaily Engineering Plastics Ltd.

Standalone Consolidated
TTM EPS (₹) 7.3 10.4
TTM Sales (₹ Cr.) 587 608
BVPS (₹.) 91.4 95.5
Reserves (₹ Cr.) 410 429
P/BV 5.80 5.55
PE 72.60 50.76
From the Market
52 Week Low / High (₹) 198.02 / 559.75
All Time Low / High (₹) 7.14 / 559.75
Market Cap (₹ Cr.) 2,431
Equity (₹ Cr.) 9.2
Face Value (₹) 2
Industry PE 35.1

Management X-Ray of Shaily Engg. Plastic:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Shaily Engg. Plastic

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales151180226246318338336361566600
Operating Expenses 127153187205264285277300484512
Manufacturing Costs10131618343838376354
Material Costs87103122151199210198215357386
Employee Cost 16202326202526344347
Other Costs 1418259121215142024
Operating Profit 24263941545359608288
Operating Profit Margin (%) 16.0%14.7%17.3%16.7%17.0%15.8%17.5%16.7%14.5%14.6%
Other Income 1233221395
Interest 8710881011141819
Depreciation 661013141518202633
Exceptional Items 0000000000
Profit Before Tax 10152123343031304640
Tax 42671011781110
Profit After Tax 7131516241924223530
PAT Margin (%) 4.4%7.2%6.9%6.4%7.5%5.7%7.0%6.1%6.2%5.0%
Adjusted EPS (₹)1.83.13.73.85.74.65.75.37.76.5
Dividend Payout Ratio (%)0%13%21%26%26%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 437890105124136159182367396
Share Capital 7888888899
Reserves 35708197116128151174358386
Minority Interest0000000000
Debt607051538598123173135146
Long Term Debt3833311621477212810263
Short Term Debt22372037645151453383
Trade Payables27151920373352478452
Others Liabilities 16293222394547659092
Total Liabilities 145192191200285312381467676685

Fixed Assets

Gross Block106142171107135187216305433499
Accumulated Depreciation5965741328425978104136
Net Fixed Assets47779794108145157227329362
CWIP 31046546302955
Investments 026000000915
Inventories152022284143506711173
Trade Receivables333736466860617010089
Cash Equivalents 246134421034322
Others Assets23262125595758715569
Total Assets 145192191200285312381467676685

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 214361756666225685
PBT 10152123343031304640
Adjustment 13131918202530314250
Changes in Working Capital -1-210-20-412215-33-260
Tax Paid -2-3-5-4-8-11-9-6-6-6
Cash Flow From Investing Activity -32-381-14-26-63-64-82-134-93
Capex -16-31-27-17-26-65-62-83-116-98
Net Investments 0-252720001-108
Others -16181212-10-8-4
Cash Flow From Financing Activity 1232-29-1120-4453108-5
Net Proceeds from Shares 0250000001500
Net Proceeds from Borrowing 210-1-175261472-13-38
Interest Paid -7-9-9-7-7-9-10-13-16-16
Dividend Paid 00-2-4-5-80000
Others -115-171727-13-1-6-1249
Net Cash Flow 1-18-8006-630-14
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.8221.5618.4516.2420.814.8115.9712.9112.87.87
ROCE (%)19.6516.0319.8318.9120.7316.5115.2212.8814.0210.54
Asset Turnover Ratio1.231.11.211.291.321.130.970.8510.9
PAT to CFO Conversion(x)30.312.41.060.213.472.7511.62.83
Working Capital Days
Receivable Days69695860656966665456
Inventory Days33353436394550595755
Payable Days95755047526078846764

Shaily Engineering Plastics Ltd Stock News

Shaily Engineering Plastics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shaily Engg. Plastic on 28-Mar-2024 16:01 is ₹530.5.
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 28-Mar-2024 16:01 the market cap of Shaily Engg. Plastic stood at ₹2,430.8.
The latest P/E ratio of Shaily Engg. Plastic as of 28-Mar-2024 16:01 is 72.60.
The latest P/B ratio of Shaily Engg. Plastic as of 28-Mar-2024 16:01 is 5.80.
The 52-week high of Shaily Engg. Plastic is ₹559.8 and the 52-week low is ₹198.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shaily Engg. Plastic is ₹586.7 ( Cr.) .

About Shaily Engineering Plastics Ltd

Shaily Engineering Plastics had humble beginning in 1987. Mike Sanghvi (a plastics technologist with over 20 years of rich experience in demanding North American Plastics Industries) started the Halol plant to provide service excellence in plastics injection moulding. Shaily is one of the few companies in India, which can take an idea through concept to engineering drawing, prototype, testing, tool design and manufacture to final components and assemblies.

The company also has a 50:50 JV with a premier European design house (Industrial Design Consultancy of UK) in the name of Shaily-IDC (India). Shaily is one of the very few companies having Class 10000 Clean Room Injection Moulding Facility.

In 2011 the company was awarded as the top exporter of Engineering Components of Plastics by 'The Plastics Export Promotion Council'.

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