Manufactures gravure rollers, which are precision cylinders used in rotogravure printing, from a single facility at Rakanpur, Gandhinagar. Gravure rollers make up essentially all of segment revenue at Rs 92.34 crore in FY26 per the segment disclosure. A small power generation activity (around Rs 0.93 crore) and an Others line (around Rs 1.57 crore) appear in the period breakdowns but are minor in scale. The business is capital intensive, with capex of Rs 43.38 crore in FY26 at 44.3% of consolidated revenue, several multiples of the Rs 5.54 crore depreciation charge. The cost mix is split between raw materials at 33.9% of revenue and employee costs at 32%. FY26 consolidated revenue was Rs 97.87 crore with net profit of Rs 7.00 crore. The Rakanpur plant was temporarily shut in late July 2026 after heavy rainfall flooded the premises, with restoration, asset damage assessment and an insurance claim process underway. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Gravure Rollers (100%), Power Generation, Others. Small, capital-intensive, single-site industrial products manufacturer
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 75 | 87 | 87 | 92 | 98 |
| EBITDA (ex other income) | 12 | 15 | 12 | 7 | 12 |
| margin % | 15.8 | 16.8 | 13.3 | 7.8 | 12.4 |
| Owners' profit | 8 | 0 | 0 | 0 | 7 |
| EPS, as reported (₹) | 12.87 | 12.70 | 18.57 | 6.04 | 11.38 |
| ROE % · ROCE % | 9.9 · 12.6 | 9.0 · 12.1 | 11.8 · 14.8 | 3.7 · 4.6 | 6.5 · 7.8 |
| Debt / equity (x) | 0.05 | 0.02 | 0.03 | 0.00 | 0.00 |
| Cash from operations | 11 | 12 | 9 | 10 | 10 |
| Capex | (10) | (3) | (9) | (4) | (43) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 24 | 21 | 23 | 25 | 26 | 23 | 24 |
| Profit before tax | 4 | 4 | (1) | (1) | 5 | 3 | 1 | 0 |
| Net profit | 3 | 3 | (2) | (1) | 4 | 2 | 1 | 0 |
| EPS (₹) | 5.68 | 4.62 | (2.99) | 1.31 | 6.02 | 2.87 | 2.17 | 0.31 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Gravure Rollers | 70 | 69.2 |
| Power Generations | 1 | 0.9 |
| Others | 6 | 5.4 |
| Gravure rollers | 22 | 21.6 |
| Green Energy | 1 | 0.9 |
| Power Generation | 2 | 2.0 |
| Total, before eliminations | 102 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · Newspaper ad for 33rd AGM notice and e-voting details | compliance | minimal | — | — |
| 31 Aug 2026 · Remote e-voting facility and cut-off date for 33rd AGM on September 23, 2026 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Shilp Gravures dispatches AGM notice and annual report links to shareholders | compliance | minimal | — | — |
| 31 Aug 2026 · Shilp Gravures 33rd AGM on 23 Sep 2026; final dividend Rs 2.10 per share | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · 33rd AGM notice on Sep 23, 2026 via VC; final dividend Rs 2.10/share recommended | board shareholder meetings | medium | — | — |
| 25 Aug 2026 · Newspaper ad for 33rd AGM on 23 September 2026 via video conferencing | compliance | minimal | — | — |
| 24 Aug 2026 · Book Closure from Sep 17 to Sep 23 for 33rd AGM and Final Dividend | corporate actions | high | — | — |
| 24 Aug 2026 · Record date set for final dividend of Rs 2.1 per share and 33rd AGM, FY 2025-26 | corporate actions | high | — | — |
| 24 Aug 2026 · 33rd AGM on 23 Sep 2026; Rs 2.1 per share dividend proposed | corporate actions | high | — | — |
| 17 Aug 2026 · Board approves Rs 6.71 crore capex for new Karnataka manufacturing facility | capex operations | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| BELDING INDIA LIMITED |
| 1,419 |
| 242.0 |
| 1.35 |
| 286.1 |
| (0.3) |
| 0.1 |
| — |
| 19761.8 |
| PARMESHWAR METAL LIMITED | 505 | 12.5 | — | — | — | 42.2 | — | — |
| BARODA EXTRUSION LTD. | 193 | 19.1 | 7.76 | — | 29.4 | 36.5 | — | 7.7 |
| SHARVAYA METALS LIMITED | 149 | 12.4 | — | — | — | 20.2 | — | — |
| SHILP GRAVURES LTD. ◆ | 100 | 14.4 | 0.94 | 6.8 | 6.5 | 7.6 | 7.0 | 7.1 |
| SAMPAT ALUMINIUM LIMITED | 32 | 5.2 | — | — | — | 11.4 | — | — |
| AMCO INDIA LTD. | 26 | 18.6 | 0.69 | — | 0.9 | 1.3 | — | 5.4 |
| OM METALLOGIC LIMITED | 23 | 4.3 | — | — | — | 16.4 | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.4 | 12.5 | 6 of 9 | 38% |
| P/B | 0.9 | 1.1 | 2 of 4 | 67% |
| ROCE | 7.6 | 16.4 | 7 of 9 | 25% |
| ROE | 6.5 | 3.7 | 2 of 4 | 67% |
| Debt / Equity | 0.0 | 0.1 | 1 of 4 | 100% |
| EBITDA margin | 7.1 | 7.4 | 3 of 4 | 33% |
| Revenue growth | 3.1 | 23.6 | 3 of 3 | 0% |
| Profit growth | 123.9 | 199.4 | 3 of 3 | 0% |
| Market cap | 100 | 100 | 5 of 9 | 50% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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.
