As of 6 Nov 2026, Shellz India trades at ₹168.10. Its ROCE of 35% is the highest among the 7 largest Confectioners peers. Debt is 1.74× equity. It is listed on an SME platform with a market cap of ₹203 Cr, ranked 21st of 37 Confectioners companies by market cap; the shares fell 1.1% over the past year.
- ₹162.50
- ₹169.55
- ₹162.50
- ₹170.00
- 11.2K
Health check
- ReturnsIn line
−1.1% over a year, better than 4 of 7 peers.
- Price tagn/a
P/E isn’t reported.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityStrong
ROCE 35.4% vs peer median 9.6%.
- Balance sheetStretched
Debt 1.74× equity, interest covered 2.5×, Piotroski 8 of 9.
- Red flags2 to check
Debt is 1.74× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹203 Cr
- Small cap
- P/E
- n/a
- Industry 15.1
- Price to book
- 2.32
- Peers 1.58
- Dividend yield
- 0.00%
- ROE
- 24.7%
- Peers 7.7%
- ROCE
- 35.4%
- Peers 9.6%
- Debt to equity
- 1.74
- Debt ₹110 Cr
- EPS (TTM)
- n/a
- OPM (TTM)
- 17.3%
- Net margin 7.3%
- Sales growth
- +3.0%
- Latest quarter vs a year ago
- Profit growth
- +31.4%
- Latest quarter vs a year ago
- Price to sales
- 1.04
- EV/EBITDA 7.6
Strengths and risks
Strengths
- Return on equity of 24.7%.
- Return on capital employed of 35.4%.
- Quarterly profit up 31.4% on a year ago.
- Positive operating cash flow in each of the last 3 years.
Risks to check
- Debt is 1.74× equity.
- Interest coverage of only 2.4×.
About Shellz India
Shellz India Limited engages in the manufacturing and marketing of confectionery products in India. It offers baked treats, which includes biscuits, wafers, cones, and cream and chocolate fillings; chocolate and milk-based confectionery products; jelly and pudding-based confectionery products; sugar-coated chocolates and flavoured sugar-based candies; and food and bakery ingredient products, such as cocoa-based products, cocoa solids, custard powder,…
- Headquarters
- Delhi
- Employees
- 239
- Sector
- Consumer Defensive
- ISIN
- INE0Z7301016
- Website
- shellz.in
Price range
- Avg volume (3M)
- 1.5 L
- 1-year return
- minus 1.1%
- From 52-week high
- minus 6.1%
Peers · Confectioners
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHINBalrampur Chini Mills | 670.30 | minus 1.21% | 14,186 | 32.9 | 2.98 | 11.8% | 9.7% | 11.7% | 10.4% | 10.0% | 0.60% | plus 50.8% |
| TRIVENITriveni Engineering & Industries | 240.01 | minus 1.29% | 5,289 | 15.1 | 1.58 | 12.1% | 8.3% | 8.5% | 4.0% | −46.9% | 1.15% | minus 32.1% |
| BAJAJHINDBajaj Hindusthan Sugar | 18.59 | minus 1.64% | 4,441 | 15.1 | 4.41 | 1.7% | 6.4% | 5.1% | −4.4% | – | 0.00% | minus 13.9% |
| BANARISUGBannari Amman Sugars | 3,195.70 | minus 7.23% | 4,007 | 32.9 | 2.09 | 8.7% | 8.0% | 9.3% | −8.8% | 1.0% | 0.39% | minus 4.3% |
| RENUKAShree Renuka Sugars | 18.19 | minus 2.31% | 3,872 | – | −1.23 | −27.3% | – | −0.5% | 0.6% | – | 0.00% | minus 36.3% |
| DALMIASUGDalmia Bharat Sugar and Industries | 477.50 | plus 0.16% | 3,865 | 19.0 | 1.20 | 9.6% | 7.3% | 10.8% | 3.7% | −1.8% | 1.26% | plus 40.9% |
| AVADHSUGARAvadh Sugar & Energy | 824.35 | minus 6.17% | 1,650 | 25.0 | 1.47 | 10.3% | 5.1% | 8.3% | −1.2% | −17.0% | 1.14% | plus 107.3% |
| SHELLZShellz India | 168.10 | minus 1.12% | 203 | – | 2.32 | 35.4% | 24.7% | 17.3% | – | – | 0.00% | minus 1.1% |
| Median of 7 peers | – | −1.64% | 4,007 | 22.0 | 1.58 | 9.6% | 7.7% | 8.5% | 0.6% | −1.8% | 0.60% | −4.3% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- ROE
- 24.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| 159 | 162 | 199 | |
| – | +2.5% | +22.5% | |
| 142 | 142 | 178 | |
| 16.7 | 20.1 | 20.8 | |
| 10.5% | 12.4% | 10.4% | |
| 0.2 | 0.4 | 1.8 | |
| 7.8 | 8.4 | 8.5 | |
| 4.3 | 4.1 | 3.8 | |
| 0 | – | 2.5 | |
| 4.7 | 8 | 12.8 | |
| 32.7% | 34.1% | 34.7% | |
| 3.2 | 5.3 | 8.3 | |
| – | +64.6% | +58.7% | |
| 45.94 | 75.59 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| 0.6 | 0.6 | 0.7 | |
| 21.1 | 26.4 | 39.9 | |
| 66.8 | 71.5 | 76.3 | |
| 39.5 | 48.5 | 50.5 | |
| 128 | 147 | 167 | |
| 19.7 | 19.6 | 22.5 | |
| 0.3 | 0.1 | 3.9 | |
| 1 | 1 | 3 | |
| 0.2 | 1.7 | 0.2 | |
| 107 | 125 | 138 | |
| 128 | 147 | 167 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| 1.9 | 8.9 | 25.8 | |
| −4.1 | −4.5 | −34.2 | |
| 0.4 | −2.9 | 6.7 | |
| −1.7 | 1.5 | −1.7 | |
| −4.3 | −4.5 | −6.3 | |
| −2.4 | 4.5 | 19.5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.