Shilp Gravures Ltd.

•

shilpgravures.comBSE: -NSE: SHILGRAVQ

Market Cap₹ 101 Cr.

Current Price

High / Low₹ 180 / 143

Stock P/E15.2

Book Value₹ 176

Price to Book1.40

Dividend Yield1.27 %

ROCE4.9 %

ROE3.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Engraved Copper Roller: 91.3% • Others: 5.2% • Wind Mill: 3.5%

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 is almost debt free
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.43x)
Company has been maintaining a healthy dividend payout of 34.8%
Company comfortably covers its interest (13.3x coverage)
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (70.8% of PBT)
Company has a low return on equity of 8.5% over last 3 years
Company has a low return on capital employed of 11.3%
Operating margins have contracted to 7.8% from 20.8%
Company has delivered a poor sales growth of 5.3% over past five years

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

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

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

S.No.	Name
1.	BHEL	430.60	61.64	149937.65	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	1018.90	94.43	50382.66	0.58	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3680.25	73.91	43852.50	0.54	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34514.05	55.37	30515.68	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	987.95	69.84	22468.26	0.00	57.14	-19.99	508.47	23.97	21.34	21.40
6.	INOXINDIA	2245.75	80.12	20418.91	0.09	580.72	850.16	3707.90	991.77	33.54	20.46
7.	AZAD	2846.00	132.25	18379.96	0.00	35.16	19.46	172.60	25.90	12.04	37.29
8.	TRITURBINE	569.10	53.80	18091.60	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
9.	TEGA	1731.10	615.52	13005.36	0.12	-108.25	-406.36	1723.44	383.99	8.37	3.27
10.	LLOYDSENGG	82.72	57.36	12830.19	0.30	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KRN	1595.75	107.75	10445.54	0.00	32.90	164.84	252.32	118.87	16.06	19.44
12.	SHILGRAVQ	164.80	15.25	101.35	1.27	3.35	-9.42	25.20	1.51	4.86	13.90

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	21	24	20	22	23	24	21	23	25	26	23	24	25
	18	20	18	20	20	22	21	22	21	22	20	20	23
Operating Profit	3	4	2	2	3	3	1	1	4	4	3	4	2
OPM %	14.58%	16.33%	10.61%	11.11%	13.13%	10.45%	4.10%	3.31%	15.02%	15.30%	13.53%	15.86%	7.50%
	3	2	2	2	2	3	-1	-1	3	0	-1	-2	3
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	2	2
Profit before Tax	4	4	3	3	4	4	-1	-1	5	3	1	0	5
Tax %	13.26%	22.27%	14.64%	49.13%	7.43%	20.89%	-23.49%	42.03%	27.82%	30.98%	-56.47%	-111.11%	27.93%
Net Profit	0	0	0	0	3	3	-2	-1	4	2	1	0	3
	6.28	5.45	4.46	2.38	5.68	4.62	-2.99	-1.31	6.02	2.87	2.17	0.31	5.45

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	63	63	60	64	71	70	75	87	87	92	98
	48	49	46	49	62	57	63	73	76	84	85
Operating Profit	15	13	14	15	9	13	12	15	12	7	13
OPM %	24.44%	21.05%	22.90%	23.16%	12.05%	18.18%	15.80%	16.76%	13.26%	7.82%	13.02%
	0	1	1	1	1	6	4	1	8	3	-0
Interest	2	3	2	2	1	1	1	0	0	0	0
Depreciation	6	7	6	6	6	5	5	5	5	5	6
Profit before Tax	8	4	6	8	2	12	10	11	15	4	8
Tax %	27.87%	51.41%	26.12%	28.63%	59.23%	16.35%	21.40%	26.96%	23.01%	17.23%	18.54%
Net Profit	6	2	5	6	1	10	8	8	11	4	7
EPS	0.00	0.00	0.00	0.00	1.41	16.70	12.87	12.70	18.57	6.04	—
Dividend Payout %	16.63%	29.68%	16.98%	12.86%	106.19%	10.78%	13.99%	16.54%	11.31%	34.78%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 5%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: -3%
5 Years:: 34%
3 Years:: -22%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 10%
3 Years:: 9%
Last Year:: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	6	6	6	6	6	6	6	6	6	6
	32	34	36	41	57	67	74	81	91	93
	18	19	15	11	14	4	4	2	4	1
Trade Payables	8	9	9	7	8	6	7	9	7	9
	15	16	12	9	9	9	8	9	10	8
Total Liabilities	79	83	79	74	95	92	99	107	117	117
	42	53	49	44	52	48	53	50	55	54
Capital Work in Progress	3	0	0	0	1	0	0	2	1	0
	0	0	0	2	11	14	17	23	31	32
	6	7	8	5	9	8	8	8	8	7
	0	0	0	0	0	0	0	0	14	15
Cash & Bank	1	1	1	8	1	1	1	1	2	5
	26	22	21	15	21	21	20	23	7	4
Total Assets	79	83	79	74	95	92	99	107	117	117

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	17	13	12	19	12	14	13	16	9	10
Cash from Investing	-14	-9	-4	-10	-10	2	-9	-10	-8	-3
Cash from Financing	-1	-3	-7	-6	-0	-14	-2	-4	-0	-5
	-0	-0	-0	0	0	0	-0	0	1	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.82	60.82	60.82	60.82	60.83	60.83	60.83	60.83	60.83
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	39.18	39.18	39.18	39.18	39.17	39.17	39.17	39.17	39.17

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for SHILGRAVQ

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Shilp Gravures Ltd.

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Name

BHEL

430.60

61.64

149937.65

0.33

376.71

182.70

7697.72

40.29

9.24

6.69

INDOMIM

1018.90

94.43

50382.66

0.58

2401.22

—

12187.42

—

24.48

33.36

THERMAX

3680.25

73.91

43852.50

0.54

21.79

-85.61

2302.73

7.09

15.85

2.98

HONAUT

34514.05

55.37

30515.68

0.32

150.70

20.95

1204.40

1.80

17.04

14.32

JYOTICNC

987.95

69.84

22468.26

0.00

57.14

-19.99

508.47

23.97

21.34

21.40

INOXINDIA

2245.75

80.12

20418.91

0.09

580.72

850.16

3707.90

991.77

33.54

20.46

AZAD

2846.00

132.25

18379.96

0.00

35.16

19.46

172.60

25.90

12.04

37.29

TRITURBINE

569.10

53.80

18091.60

0.75

51.10

-20.65

442.70

19.23

35.95

11.59

TEGA

1731.10

615.52

13005.36

0.12

-108.25

-406.36

1723.44

383.99

8.37

3.27

LLOYDSENGG

82.72

57.36

12830.19

0.30

68.23

-77.28

527.15

142.92

17.99

15.04

KRN

1595.75

107.75

10445.54

0.00

32.90

164.84

252.32

118.87

16.06

19.44

SHILGRAVQ

164.80

15.25

101.35

1.27

3.35

-9.42

25.20

1.51

4.86

13.90

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

Operating Profit

OPM %

14.58%

16.33%

10.61%

11.11%

13.13%

10.45%

4.10%

3.31%

15.02%

15.30%

13.53%

15.86%

7.50%

-1

-2

Interest

Depreciation

Profit before Tax

-1

Tax %

13.26%

22.27%

14.64%

49.13%

7.43%

20.89%

-23.49%

42.03%

27.82%

30.98%

-56.47%

-111.11%

27.93%

Net Profit

-2

-1

6.28

5.45

4.46

2.38

5.68

4.62

-2.99

-1.31

6.02

2.87

2.17

0.31

5.45

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

Operating Profit

OPM %

24.44%

21.05%

22.90%

23.16%

12.05%

18.18%

15.80%

16.76%

13.26%

7.82%

13.02%

-0

Interest

Depreciation

Profit before Tax

Tax %

27.87%

51.41%

26.12%

28.63%

59.23%

16.35%

21.40%

26.96%

23.01%

17.23%

18.54%

Net Profit

EPS

0.00

1.41

16.70

12.87

12.70

18.57

6.04

—

Dividend Payout %

16.63%

29.68%

16.98%

12.86%

106.19%

10.78%

13.99%

16.54%

11.31%

34.78%

—

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

107

117

Capital Work in Progress

Cash & Bank

Total Assets

107

117

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Cash from Investing

-14

-9

-4

-10

-9

-10

-8

-3

Cash from Financing

-1

-3

-7

-6

-0

-14

-2

-4

-0

-5

-0

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

60.82

60.83

FIIs

0.00

DIIs

0.00

Government

0.00

39.18

39.17

Shilp Gravures 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

Shilp Gravures 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