Shaily Engineering Plastics (SHAILY) had a P/E of 75.3× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 16% below their 52-week high. Its ROCE of 30% is the highest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 17% and 69% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.22× equity. It is a small-cap company with a market cap of ₹14,011 Cr, ranked 15th of 204 Specialty Chemicals companies by market cap; the shares rose 25% over the past year.
- ₹2,975.00
- ₹3,059.90
- ₹2,890.10
- ₹2,972.70
- 1.4 L
Health check
- ReturnsIn line
+25.3% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 75.3 vs industry 22.1.
- GrowthStrong
Sales +17.4%, profit +69.1% a year over 3 years.
- ProfitabilityStrong
ROCE 30.4% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.22× equity, interest covered 15.0×, Piotroski 9 of 9.
- Red flags2 to check
P/E of 75.3 against an industry P/E of 22.1.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹14,011 Cr
- Small cap
- P/E
- 75.3
- Industry 22.1
- Price to book
- 16.78
- Peers 13.33
- Dividend yield
- 0.10%
- ROE
- 25.4%
- Peers 23.0%
- ROCE
- 30.4%
- Peers 24.4%
- Debt to equity
- 0.22
- Debt ₹180 Cr
- EPS (TTM)
- ₹40.47
- Face value ₹2
- OPM (TTM)
- 28.7%
- Net margin 17.2%
- Sales growth
- +24.5%
- Latest quarter vs a year ago
- Profit growth
- +19.6%
- Latest quarter vs a year ago
- Price to sales
- 12.88
- EV/EBITDA 45.4
Strengths and risks
Strengths
- Return on equity of 25.4%.
- Return on capital employed of 30.4%.
- Quarterly sales up 24.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 75.3 against an industry P/E of 22.1.
- Promoter stake down from 43.7% to 41.1%.
About Shaily Engineering Plastics
Shaily Engineering Plastics Limited engages in the manufacture and sale of precision injection moulded plastic components/products in India. The company offers specialty devices, platform devices, inhalers, sprays and pumps, intricate insulin injector pens, auto-injectors, and specialty packaging and containers for solid and liquid formulations, as well as providing contract development and manufacturing services for the pharmaceutical industry. It also…
- Headquarters
- Vadodara
- Employees
- 796
- Sector
- Basic Materials
- ISIN
- INE151G01028
- Website
- shaily.com
Price range
- Avg volume (3M)
- 1.5 L
- 1-year return
- plus 25.3%
- From 52-week high
- minus 15.7%
Analyst consensus
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| SHAILYShaily Engineering Plastics | 3,046.00 | plus 2.47% | 14,011 | 75.3 | 50.4 | 30.4% | 25.9% | 0.22 | 17.4% | plus 25.3% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 257 | 250 | 237 | 281 | 320 | |
| 177 | 184 | 171 | 198 | 222 | |
| 79.3 | 66.3 | 65.6 | 83.1 | 97.1 | |
| 30.9% | 26.5% | 27.7% | 29.6% | 30.4% | |
| 2.3 | 0.1 | 3.7 | 0.3 | 4.7 | |
| 3.9 | 4.4 | 3.7 | 3.3 | 3 | |
| 12 | 12.5 | 13.3 | 14 | 14.3 | |
| 65.7 | 49.5 | 52.3 | 65.9 | 84.6 | |
| 22.0% | 24.5% | 23.3% | 27.2% | 27.5% | |
| 51.3 | 37.4 | 40.2 | 48 | 61.3 | |
| 11.12 | 8.11 | 8.68 | 10.41 | 13.27 |
Profit & loss
- Sales CAGR 3Y
- +17.4%
- Profit CAGR 3Y
- +69.1%
- EPS CAGR 3Y
- +68.8%
- ROE
- 25.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 605 | 642 | 782 | 981 | |
| – | +6.0% | +21.9% | +25.4% | |
| 509 | 524 | 605 | 700 | |
| 96.1 | 118 | 177 | 281 | |
| 15.9% | 18.4% | 22.6% | 28.6% | |
| 0.3 | 5.4 | 1.4 | 6.7 | |
| 17.9 | 17.9 | 16.9 | 15.9 | |
| 33.3 | 35.7 | 42.2 | 49.2 | |
| −0 | 0 | 0.1 | 0 | |
| 45.2 | 69.8 | 119 | 223 | |
| 22.2% | 18.0% | 21.9% | 23.7% | |
| 35.1 | 57.3 | 93.1 | 170 | |
| – | +63.0% | +62.5% | +82.5% | |
| 7.66 | 12.49 | 20.23 | 36.83 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.2 | 9.2 | 9.2 | 9.2 | |
| 392 | 450 | 538 | 707 | |
| 188 | 209 | 188 | 177 | |
| 103 | 114 | 197 | 253 | |
| 693 | 782 | 933 | 1,147 | |
| 414 | 468 | 499 | 647 | |
| 64.5 | 32.2 | 39.8 | 69.4 | |
| 0 | 0 | 0 | 0 | |
| 19.9 | 22.4 | 19.3 | 21.1 | |
| 195 | 260 | 374 | 410 | |
| 693 | 782 | 933 | 1,147 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 90 | 92.3 | 110 | 226 | |
| −101 | −93.8 | −71.3 | −185 | |
| −5.1 | 4.6 | −41.9 | −39.3 | |
| −16 | 3.1 | −3.1 | 1.7 | |
| −112 | −95.1 | −72.2 | −186 | |
| −21.7 | −2.8 | 37.8 | 40.1 | |
| – | – | −4.6 | −9 |
Shareholding pattern
- Promoters41.09%
- Public58.91%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 41.09% | 58.91% | 0.00 | |
| 30 Jun 2026 | 41.09% | 58.91% | minus 2.31 | |
| 31 Mar 2026 | 43.40% | 56.60% | 0.00 | |
| 31 Dec 2025 | 43.40% | 56.60% | minus 0.32 | |
| 30 Sep 2025 | 43.72% | 56.28% | – |
Major shareholders
Filings & events
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