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Dossier · SHAILY ENG PLASTICS LTD · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Designs, develops and manufactures precision-engineered plastic components and finished drug-delivery devices across healthcare, consumer durables and industrial segments. The healthcare business surged 139% in FY26 to INR393 crore and contributed 40% of consolidated revenue, anchored on the proprietary ShailyPen Neo spring-driven pen injector platform used in Semaglutide combination products — the firm handles full design-to-manufacture of device components for pharma partners and has secured a INR423 crore pen injector order over 4 years, holding 70% share among the top-6 Canadian filers. Consumer durables revenue stood at INR511 crore in FY26 (down 9% YoY), and industrial revenue at INR87 crore (up 41% YoY). FY26 consolidated revenue was INR991 crore, exports contributing ~68%, and machine utilisation reaching 47.6%. New vertical entry includes semiconductor trays (sole Indian manufacturing partner for a Korean customer, supplies from Q4 FY27) and consumer electronics precision components (a ~INR100 crore South India plant). A 25 million pen capacity line is ramping, with a second 25 million line due Jul-Aug 2026; pen volume targets are 36 million in FY27 and ~50 million in FY28. Materials are the largest cost at 44% of revenue, capex runs at 18% of revenue, and the board has approved an enabling resolution to raise up to INR500 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Healthcare (40%), Consumer durables, Industrial, Semiconductor trays (new), Consumer electronics (new). Precision plastics manufacturer with healthcare pivot, capital-intensive (18% capex/revenue), exports-heavy
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY22
FY23
FY24
FY25
FY26
Revenue
568
607
644
787
991
EBITDA (ex other income)
81
92
117
176
280
margin %
14.3
15.1
18.2
22.4
28.3
Owners' profit
0
35
57
0
0
EPS, as reported (₹)
39.94
38.32
12.49
20.29
36.97
ROE % · ROCE %
9.6 · 13.0
8.8 · 13.0
12.5 · 15.9
17.0 · 22.1
23.7 · 30.4
Debt / equity (x)
0.47
0.46
0.45
0.34
0.24
Cash from operations
55
90
92
110
226
Capex
(111)
(94)
(87)
(68)
(178)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · SHAILY ENG PLASTICS LTD · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
192
198
218
247
257
250
237
281
Profit before tax
27
32
40
55
66
50
52
66
Net profit
22
25
29
41
51
37
40
48
EPS (₹)
4.78
5.49
6.22
8.95
11.15
8.13
8.74
10.45
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
SHAILY ENG PLASTICS LTD ◆
13,984
79.0
19.51
49.1
23.7
28.3
—
29.7
SAFARI IND (INDIA) LTD
5,976
36.2
5.36
20.2
15.1
17.9
44.2
14.0
VIP INDUSTRIES LTD
3,578
—
12.36
—
(116.8)
(59.1)
24.6
(1.2)
NILKAMAL LIMITED
2,629
18.8
1.67
8.6
7.4
7.3
12.5
9.7
BAI-KAKAJI POLYMERS LIMITED
576
33.1
—
—
—
19.3
—
—
PRIMA PLASTICS LTD.
135
6.8
0.70
4.6
11.0
10.4
6.1
21.3
AVRO INDIA LIMITED
75
2.1
0.84
7.3
5.1
6.5
—
8.5
NIRAJ ISPAT IND LTD
13
8.7
0.83
—
10.2
10.8
—
50.0
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
79.0
13.7
8 of 8
0%
P/B
19.5
1.7
7 of 7
0%
ROCE
28.3
8.9
1 of 10
100%
ROE
23.7
8.8
1 of 8
100%
Debt / Equity
0.2
0.2
6 of 8
29%
EBITDA margin
29.7
17.7
2 of 8
86%
Revenue growth
13.8
(6.8)
2 of 9
88%
Profit growth
16.8
(5.5)
3 of 8
71%
Market cap
13984
576
1 of 9
100%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · SHAILY ENG PLASTICS LTD · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
22 Oct 2026 · Earnings call set for October 30, 2026, to discuss Q2 and H1 FY27
board shareholder meetings
low
—
—
21 Oct 2026 · Board meeting for quarter and half-year results on 29 October 2026
results
low
—
—
14 Oct 2026 · Newspaper ad on special window for physical share transfer re-lodgement
compliance
minimal
—
—
9 Oct 2026 · Reg 74(5) compliance certificate filed for Q2 FY27
compliance
minimal
—
—
1 Oct 2026 · Newspaper notice for MD re-appointment seeking Central Government nod
compliance
minimal
—
—
30 Sept 2026 · Shaily Engineering Plastics: All 7 resolutions passed at 46th AGM
26 Sept 2026 · Trading window closed from Oct 1 for Q2 results
compliance
minimal
—
—
21 Sept 2026 · Shaily Engineering Plastics to attend JP Morgan investor conference in Ahmedabad
board shareholder meetings
low
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
