As of 6 Nov 2026, Shilp Gravures trades at 12.5× trailing earnings, below the industry P/E of 33.8×, and the shares are 25% below their 52-week high. Sales grew 1.9% a year over 3 years while net profit fell 3.6%, with ROCE of 8.0% and ROE of 6.9%. It carries very little debt, and its dividend yield is 1.6%. It is a small-cap company with a market cap of ₹83 Cr, ranked 117th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 16% over the past year.
- ₹130.30
- ₹136.90
- ₹128.00
- ₹133.83
- 2.7K
Health check
- ReturnsBehind
−16.4% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 12.5 vs industry 33.8.
- GrowthSlow
Sales +1.9%, profit −3.6% a year over 3 years.
- ProfitabilityWeak
ROCE 8.0% vs peer median 24.8%.
- Balance sheetSolid
Practically debt-free.
- Red flags1 to check
Return on equity is low at 6.9%.
Small cap
Defensive
Key metrics
- Market cap
- ₹83 Cr
- Small cap
- P/E
- 12.5
- Industry 33.8
- Price to book
- 0.79
- Peers 9.16
- Dividend yield
- 1.60%
- ROE
- 6.9%
- Peers 19.1%
- ROCE
- 8.0%
- Peers 24.8%
- Debt to equity
- 0.00
- Debt ₹0.29 Cr
- EPS (TTM)
- ₹10.80
- Face value ₹10
- OPM (TTM)
- 11.6%
- Net margin 6.7%
- Sales growth
- +1.5%
- Latest quarter vs a year ago
- Profit growth
- −9.4%
- Latest quarter vs a year ago
- Price to sales
- 0.84
- EV/EBITDA 3.7
Strengths and risks
Strengths
- Practically debt-free.
- P/E of 12.5 against an industry P/E of 33.8.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 6.9%.
About Shilp Gravures
Shilp Gravures Limited, together with its subsidiary, Etone India Private Limited, manufactures and sells engraved copper rollers using electronic, laser, and chemical etching technologies in India. It operates through Engraved Copper Roller and Energy Generation segments. The company's products are used in flexible packaging, coating rollers/anilox rollers, embossed/laser engraving, scanning services, and special applications. It also exports its…
- Headquarters
- Kalol
- Employees
- 253
- Sector
- Industrials
- ISIN
- INE960A01017
- Website
- shilpgravures.com
Price range
- Avg volume (3M)
- 6.2K
- 1-year return
- minus 16.4%
- From 52-week high
- minus 24.7%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| SHILGRAVQShilp Gravures | 135.30 | plus 1.10% | 83 | 12.5 | 3.6 | – | 7.4% | 0.00 | 1.9% | minus 16.4% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 24.8 | 25.9 | 23.2 | 24 | 25.2 | |
| 21.1 | 21.9 | 20.9 | 22.2 | 21.7 | |
| 3.7 | 4 | 2.3 | 1.7 | 3.5 | |
| 15.0% | 15.3% | 9.8% | 7.1% | 13.9% | |
| 0.2 | 0.1 | 2.4 | 0.1 | 0.1 | |
| 0 | 0.2 | 0.1 | 0.1 | 0 | |
| 1.3 | 1.3 | 1.4 | 1.6 | 1.6 | |
| 2.6 | – | −2.4 | −0.1 | 2.7 | |
| 5.1 | 2.6 | 0.9 | 0.1 | 4.7 | |
| 27.9% | 30.9% | −56.7% | −107.3% | 27.9% | |
| 3.7 | 1.8 | 1.3 | 0.2 | 3.4 | |
| 6.02 | 2.87 | 2.17 | 0.31 | 5.45 |
Profit & loss
- Sales CAGR 3Y
- +1.9%
- Profit CAGR 3Y
- −3.6%
- EPS CAGR 3Y
- −3.6%
- ROE
- 6.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 84.1 | 83.5 | 86.3 | 88.9 | |
| – | minus 0.7% | +3.3% | +3.1% | |
| 68 | 71.9 | 78.8 | 73.8 | |
| 16.1 | 11.6 | 7.4 | 15.2 | |
| 19.1% | 13.9% | 8.6% | 17.0% | |
| 0.2 | 0.2 | 0.6 | 0.6 | |
| 0.4 | 0.4 | 0.4 | 0.3 | |
| 4.8 | 4.8 | 5.5 | 5.5 | |
| −0.4 | 8.3 | 2.3 | −1.2 | |
| 10.7 | 14.8 | 4.5 | 8.6 | |
| 27.0% | 23.0% | 17.2% | 19.0% | |
| 7.8 | 11.4 | 3.7 | 7 | |
| – | +46.2% | minus 67.5% | +88.4% | |
| 12.70 | 18.57 | 6.04 | 11.38 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.1 | 6.1 | 6.1 | 6.1 | |
| 80.8 | 90.8 | 93 | 98.8 | |
| 2.5 | 4 | 0.8 | 0.3 | |
| 16 | 14.1 | 16.5 | 14.9 | |
| 105 | 115 | 116 | 120 | |
| 51.3 | 54.5 | 52.2 | 63.1 | |
| 2.5 | 1.3 | – | 5.6 | |
| 0.6 | 0.6 | 0.6 | 0.7 | |
| 23.9 | 32.6 | 36.6 | 28.5 | |
| 27.1 | 26 | 27 | 22.3 | |
| 105 | 115 | 116 | 120 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.5 | 9.3 | 9.9 | 9.6 | |
| −9.6 | −7.6 | −2.8 | −10.4 | |
| −3.8 | −0.1 | −4.9 | −2.1 | |
| 0.1 | 1.5 | 2.3 | −3 | |
| −2.9 | −8.8 | −3.7 | −43.4 | |
| 10.7 | 0.5 | 6.2 | −33.8 | |
| −1.1 | −1.3 | −1.3 | −1.3 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.