We hereby submit the update on 5-year Trade Agreement with Best Construction Products Inc. (USA)
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.6 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shish Industries reported its audited Q4 and FY25 results along with an update on its 5-year trade agreement with Best Construction Products Inc. (USA). On a standalone basis, FY25 revenue from operations grew to ₹11,778.82 lakhs from ₹8,547.88 lakhs in FY24, while profit after tax rose to ₹1,095.21 lakhs from ₹843.20 lakhs. Q4 standalone revenue jumped to ₹3,347.35 lakhs with PAT of ₹412.91 lakhs. Consolidated FY25 revenue stood at ₹11,625.12 lakhs with PAT of ₹874.03 lakhs. On the US trade deal, the company said initial phases faced delays due to the need for Manufacturing Certificates to sell products in certain US states, but certification is in progress and expected to be completed by the next quarter, with supplies to BCP targeted to begin by end of this fiscal year.
Strong topline growth of nearly 38% YoY on a standalone basis is a positive signal for shareholders. However, the US trade agreement update signals near-term execution delays rather than a new business win, so the stock is unlikely to see an immediate re-rating from this filing alone. Long-term investors will watch for actual shipment commencement to BCP as a future catalyst.