Shilchar Technologies Ltd.

•

shilchar.comBSE: 531201NSE: SHILCTECH

Market Cap₹ 4,637 Cr.

Current Price

High / Low₹ 5,399 / 2,852

Stock P/E33.7

Book Value₹ 447

Price to Book8.28

Dividend Yield0.31 %

ROCE50.7 %

ROE37.8 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 95.6% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 65.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 48.7%
Company has delivered good sales growth of 40.8% CAGR over last 5 years
Operating margins have improved to 29.2% from 21.8%

CONS

Recent results are weak - TTM profit is down 20.6% versus prior year
Working capital days have increased from 166 to 228 days
Stock is trading at 8.3x its book value
Valuation is stretched - P/E of 33.7 is well above its own 5-year median (21.3)
Growth is decelerating - 3Y profit CAGR (54.2%) trails the 5Y trend (95.6%)
Though reporting repeated profits, the company pays out little dividend (9.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ABB	7419.90	52.62	157233.90	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	SIEMENS	3976.00	43.23	141593.51	0.45	214.31	-49.38	4713.70	8.44	21.42	9.14
3.	POWERINDIA	31650.00	122.63	141071.53	0.03	294.15	123.52	2493.69	74.46	28.73	14.58
4.	CGPOWER	893.95	112.67	140837.36	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3114.90	74.55	110927.98	0.13	4409.00	1578.34	24856.00	1292.81	40.19	23.56
6.	GVT&D	4325.00	593.01	110740.13	0.23	362.99	24.65	1836.14	38.04	75.51	25.10
7.	WAAREEENER	2636.00	19.87	75824.89	0.15	891.87	15.39	7931.79	79.22	37.92	18.15
8.	APARINDS	17412.20	61.71	72908.95	0.34	4674.50	1677.98	65910.60	1191.31	31.84	11.50
9.	HAVELLS	1156.00	44.42	72546.13	0.87	289.71	-16.64	6518.19	19.48	25.74	7.15
10.	SUZLON	45.38	19.84	62377.70	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1233.30	160.47	29488.70	0.00	124.40	201.65	6513.60	947.83	31.01	5.23
12.	SHILCTECH	4053.40	33.72	4637.17	0.31	20.87	-49.72	134.61	-15.21	50.72	16.38

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67	106	118	105	107	131	154	232	159	171	170	152	135
	47	77	86	74	77	90	111	161	106	118	118	120	114
Operating Profit	20	30	32	31	30	41	43	71	52	54	52	32	21
OPM %	29.63%	27.93%	27.42%	29.74%	27.57%	31.35%	28.03%	30.72%	33.02%	31.29%	30.83%	21.04%	15.53%
	3	4	3	3	3	4	5	5	4	9	6	7	7
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	22	33	35	34	32	44	47	75	56	62	57	37	28
Tax %	24.76%	25.15%	25.11%	26.65%	25.32%	25.29%	25.66%	25.87%	25.32%	25.39%	26.20%	24.23%	25.68%
Net Profit	16	24	26	25	24	33	35	55	42	46	42	28	21
	42.90	31.99	34.21	32.80	20.96	28.61	30.40	48.39	36.27	40.15	37.01	24.82	18.24

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	109	88	118	71	118	180	280	397	623	652	628
	92	78	104	68	108	161	227	284	438	462	469
Operating Profit	18	9	14	3	9	19	53	113	185	190	159
OPM %	16.14%	10.77%	11.98%	4.28%	8.06%	10.78%	18.94%	28.55%	29.65%	29.16%	25.31%
	3	1	2	3	2	3	8	13	16	26	29
Interest	1	1	3	1	2	1	1	0	0	0	0
Depreciation	1	1	2	3	3	3	2	3	3	4	4
Profit before Tax	19	8	11	2	7	19	58	123	197	212	184
Tax %	35.38%	28.12%	27.43%	24.72%	23.64%	26.55%	25.86%	25.49%	25.60%	25.38%	25.45%
Net Profit	12	6	8	1	6	14	43	92	147	158	138
EPS	32.22	15.38	20.31	3.93	14.48	36.82	113.08	120.48	192.55	138.25	—
Dividend Payout %	9.31%	13.00%	9.85%	25.46%	10.36%	10.86%	8.84%	10.38%	6.49%	9.04%	—

COMPOUNDED SALES GROWTH

10 Years:: 20%
5 Years:: 41%
3 Years:: 33%

COMPOUNDED PROFIT GROWTH

10 Years:: 33%
5 Years:: 96%
3 Years:: 54%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 27%
5 Years:: 42%
3 Years:: 49%
Last Year:: 38%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	4	4	4	4	8	8	11
	46	50	57	57	63	76	118	202	339	479
	4	13	13	12	5	14	0	0	0	0
Trade Payables	23	23	17	23	28	36	36	55	108	71
	8	6	7	7	7	16	20	28	35	28
Total Liabilities	84	96	99	103	107	146	178	292	490	591
	17	16	41	39	37	35	38	40	58	68
Capital Work in Progress	6	22	0	0	0	0	0	5	0	6
	12	6	0	0	1	0	7	20	54	202
	8	11	17	21	27	32	23	60	93	92
	0	0	0	0	0	0	0	94	229	154
Cash & Bank	3	3	3	2	2	1	9	60	37	44
	39	37	38	41	40	78	100	14	19	24
Total Assets	84	96	99	103	107	146	178	292	490	591

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	19	9	3	7	11	-3	54	76	40	192
Cash from Investing	-16	-11	1	-0	-1	-1	-12	-23	-48	-169
Cash from Financing	3	7	-2	-4	-10	6	-19	-29	5	-31
	-1	0	-0	1	-1	-1	9	25	-4	-8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	32.22	15.38	20.31	3.93	14.48	36.82	113.08	120.48	192.55	138.25
Book Value (₹)	130.01	141.72	159.70	160.34	173.95	209.18	318.46	274.81	454.75	429.05
Dividend per Share (₹)	3.00	2.00	2.00	1.00	1.50	4.00	10.00	12.50	12.50	12.50
Cash EPS (₹)	11.93	6.14	8.89	3.57	7.02	14.53	39.79	82.59	131.34	141.77
PROFITABILITY
Operating Margin %	18.36%	12.02%	13.44%	8.47%	10.11%	12.64%	21.83%	28.55%	29.65%	29.16%
Net Margin %	10.72%	6.67%	6.54%	2.10%	4.69%	7.79%	15.39%	23.15%	23.57%	24.26%
ROE %	28.27%	11.32%	13.48%	2.45%	8.66%	19.22%	42.86%	55.52%	52.78%	37.76%
ROCE %	43.23%	15.57%	18.69%	4.52%	12.50%	23.58%	53.85%	74.64%	71.10%	50.72%
	16.00%	6.52%	7.97%	1.49%	5.27%	11.09%	26.64%	39.08%	37.54%	29.28%
EFFICIENCY
Debtor Days	97	124	91	165	98	101	105	85	94	107
Inventory Days	26	40	44	98	75	59	36	38	45	52
Payable Days	104	132	85	142	102	83	66	67	77	81
	19	31	50	121	72	78	75	57	62	78
FINANCIAL HEALTH
Debt to Equity (x)	0.08x	0.25x	0.26x	0.24x	0.12x	0.21x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	29.89x	7.48x	4.81x	2.36x	4.34x	18.79x	98.00x	589.10x	448.24x	449.33x
	1.87x	1.87x	2.29x	2.02x	2.06x	1.76x	2.56x	3.07x	3.03x	5.30x
GROWTH
Revenue Growth %	7.42%	-19.83%	35.24%	-39.79%	65.29%	52.94%	55.53%	41.62%	57.01%	4.62%
Operating Profit Growth %	29.74%	-49.71%	50.37%	-62.02%	97.10%	91.25%	168.62%	106.22%	59.53%	7.58%
Net Profit Growth %	35.13%	-52.26%	32.04%	-80.66%	268.74%	154.25%	207.13%	113.09%	59.82%	7.70%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.54%	59.82%	-28.20%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	21.29x	18.25x	25.70x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	14.00x	11.59x	8.28x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%	0.24%	0.35%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	22.79x	19.79x	18.57x

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
64.01	64.01	64.01	64.01	64.01	64.01	62.12	62.12	62.12
3.08	3.22	2.29	2.05	2.12	2.73	2.75	2.55	2.57
0.02	0.03	0.11	0.11	0.13	0.33	1.49	1.91	1.95
0.53	0.53	0.53	0.53	0.00	0.00	0.00	0.00	0.00
32.36	32.21	33.06	33.30	33.73	32.92	33.64	33.43	33.37

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-27

Updates

2026-08-27 - Shilchar Technologies Limited has informed the Exchange regarding 'Unaudited Financial results in machine readable format''.

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - Shilchar Technologies Limited has informed the Exchange about Transcript

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Shilchar Technologies Limited has informed the Exchange about Link of Recording

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Shilchar Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Shareholders meeting

2026-08-12 - Shilchar Technologies Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Shilchar Technologies Limited has informed the Exchange about Schedule of meet

2026-08-12

Investor Presentation

2026-08-12 - Shilchar Technologies Limited has informed the Exchange about Investor Presentation

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Shilchar Technologies Limited has informed the Exchange about Schedule of meet

2026-08-11

Shareholders meeting

2026-08-11 - Shilchar Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 11, 2026

News

Recent coverage and analyst commentary for SHILCTECH

Loading news…

🤖

AI Stock Analyst

Shilchar Technologies Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

ABB

7419.90

52.62

157233.90

0.53

3623.00

930.02

35588.70

1110.31

30.18

12.56

SIEMENS

3976.00

43.23

141593.51

0.45

214.31

-49.38

4713.70

8.44

21.42

9.14

POWERINDIA

31650.00

122.63

141071.53

0.03

294.15

123.52

2493.69

74.46

28.73

14.58

CGPOWER

893.95

112.67

140837.36

0.15

308.28

15.52

3280.81

13.99

27.94

12.11

ENRIN

3114.90

74.55

110927.98

0.13

4409.00

1578.34

24856.00

1292.81

40.19

23.56

GVT&D

4325.00

593.01

110740.13

0.23

362.99

24.65

1836.14

38.04

75.51

25.10

WAAREEENER

2636.00

19.87

75824.89

0.15

891.87

15.39

7931.79

79.22

37.92

18.15

APARINDS

17412.20

61.71

72908.95

0.34

4674.50

1677.98

65910.60

1191.31

31.84

11.50

HAVELLS

1156.00

44.42

72546.13

0.87

289.71

-16.64

6518.19

19.48

25.74

7.15

SUZLON

45.38

19.84

62377.70

0.00

305.22

-5.89

3829.09

22.83

35.79

15.55

SCHNEIDER

1233.30

160.47

29488.70

0.00

124.40

201.65

6513.60

947.83

31.01

5.23

SHILCTECH

4053.40

33.72

4637.17

0.31

20.87

-49.72

134.61

-15.21

50.72

16.38

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

106

118

105

107

131

154

232

159

171

170

152

135

111

161

106

118

120

114

Operating Profit

OPM %

29.63%

27.93%

27.42%

29.74%

27.57%

31.35%

28.03%

30.72%

33.02%

31.29%

30.83%

21.04%

15.53%

Interest

Depreciation

Profit before Tax

Tax %

24.76%

25.15%

25.11%

26.65%

25.32%

25.29%

25.66%

25.87%

25.32%

25.39%

26.20%

24.23%

25.68%

Net Profit

42.90

31.99

34.21

32.80

20.96

28.61

30.40

48.39

36.27

40.15

37.01

24.82

18.24

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

109

118

180

280

397

623

652

628

104

108

161

227

284

438

462

469

Operating Profit

113

185

190

159

OPM %

16.14%

10.77%

11.98%

4.28%

8.06%

10.78%

18.94%

28.55%

29.65%

29.16%

25.31%

Interest

Depreciation

Profit before Tax

123

197

212

184

Tax %

35.38%

28.12%

27.43%

24.72%

23.64%

26.55%

25.86%

25.49%

25.60%

25.38%

25.45%

Net Profit

147

158

138

EPS

32.22

15.38

20.31

3.93

14.48

36.82

113.08

120.48

192.55

138.25

—

Dividend Payout %

9.31%

13.00%

9.85%

25.46%

10.36%

10.86%

8.84%

10.38%

6.49%

9.04%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

118

202

339

479

Trade Payables

108

Total Liabilities

103

107

146

178

292

490

591

Capital Work in Progress

202

229

154

Cash & Bank

100

Total Assets

103

107

146

178

292

490

591

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-3

192

Cash from Investing

-16

-11

-0

-1

-12

-23

-48

-169

Cash from Financing

-2

-4

-10

-19

-29

-31

-1

-0

-1

-4

-8

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

32.22

15.38

20.31

3.93

14.48

36.82

113.08

120.48

192.55

138.25

Book Value (₹)

130.01

141.72

159.70

160.34

173.95

209.18

318.46

274.81

454.75

429.05

Dividend per Share (₹)

3.00

2.00

1.00

1.50

4.00

10.00

12.50

Cash EPS (₹)

11.93

6.14

8.89

3.57

7.02

14.53

39.79

82.59

131.34

141.77

PROFITABILITY

Operating Margin %

18.36%

12.02%

13.44%

8.47%

10.11%

12.64%

21.83%

28.55%

29.65%

29.16%

Net Margin %

10.72%

6.67%

6.54%

2.10%

4.69%

7.79%

15.39%

23.15%

23.57%

24.26%

ROE %

28.27%

11.32%

13.48%

2.45%

8.66%

19.22%

42.86%

55.52%

52.78%

37.76%

ROCE %

43.23%

15.57%

18.69%

4.52%

12.50%

23.58%

53.85%

74.64%

71.10%

50.72%

16.00%

6.52%

7.97%

1.49%

5.27%

11.09%

26.64%

39.08%

37.54%

29.28%

EFFICIENCY

Debtor Days

124

165

101

105

107

Inventory Days

Payable Days

104

132

142

102

121

FINANCIAL HEALTH

Debt to Equity (x)

0.08x

0.25x

0.26x

0.24x

0.12x

0.21x

0.00x

Interest Coverage (x)

29.89x

7.48x

4.81x

2.36x

4.34x

18.79x

98.00x

589.10x

448.24x

449.33x

1.87x

2.29x

2.02x

2.06x

1.76x

2.56x

3.07x

3.03x

5.30x

GROWTH

Revenue Growth %

7.42%

-19.83%

35.24%

-39.79%

65.29%

52.94%

55.53%

41.62%

57.01%

4.62%

Operating Profit Growth %

29.74%

-49.71%

50.37%

-62.02%

97.10%

91.25%

168.62%

106.22%

59.53%

7.58%

Net Profit Growth %

35.13%

-52.26%

32.04%

-80.66%

268.74%

154.25%

207.13%

113.09%

59.82%

7.70%

0.00%

6.54%

59.82%

-28.20%

VALUATION

P/E (x)

0.00x

21.29x

18.25x

25.70x

P/B (x)

0.00x

14.00x

11.59x

8.28x

Dividend Yield %

0.00%

0.32%

0.24%

0.35%

0.00x

22.79x

19.79x

18.57x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

64.01

62.12

3.08

3.22

2.29

2.05

2.12

2.73

2.75

2.55

2.57

0.02

0.03

0.11

0.13

0.33

1.49

1.91

1.95

0.53

0.00

32.36

32.21

33.06

33.30

33.73

32.92

33.64

33.43

33.37

Shilchar Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Shilchar Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI