Shaily Engineering Plastics Ltd. News and Updates

Name: Latest research reports of Shaily Engineering Plastics Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Shaily Engineering Plastics Ltd.
Rating: 3
Author: ICICI Securities Limited

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Shaily Engineering Plastics Ltd.

01 Mar 2019

2327.00

-2.30%

Shaily Engineering Plastics

Hold: Shaily Engineering Plastic...

Recommendation Target

ICICI Securities Limited

Shaily recorded another tepid performance in Q3FY19 with volume degrowth of 9% YoY. We believe the sales growth of ~9% YoY was largely driven by price hike and a change in product mix. The lower volume growth was attributable to revised inventory policy by key client which has decided to reduce inventory holding from 80-90 days earlier to 45 days now. We believe the revised inventory policy by one of its key clients and slow volume offtake from a new client (global department stores) would keep volume growth under check in the current quarter. The management guided for recovery in growth from 2HFY20E and...

Shaily Engineering Plastics Ltd. has gained 137.79% in the last 1 Year

Shaily Engineering Plastics Ltd.

21 Dec 2018

2327.00

-2.30%

Broker's call: Shaily Engineering (Accumulate)

Business Line

Prabhudas LilladherShaily Engineering (Accumulate)CMP: 911.45Target: 1,103.2We initiate coverage on Shaily Engineering Plastics (SHEP) with an Accu

Number of FII/FPI investors increased from 83 to 107 in Jun 2025 qtr.

Shaily Engineering Plastics Ltd.

20 Dec 2018

2327.00

-2.30%

Polymer, precision and growth

Accumulate: Shaily Engineering Plastic...

Prabhudas Lilladhar

We initiate coverage on Shaily Engineering Plastics (SHEP) with an Accumulate' rating and a price target of Rs1,103 (21x FY20E EPS). SHEP is a leading supplier of high performance engineering polymers based precision components to leading Home Furnishing, Pharma, Consumer and Engineering companies globally. We are positive on SHEP's prospects due to 1) deeper penetration in existing plastic line (with its Home Furnishing customer's India entry) 2) ramp-up in machine utilisation of CRC plant and 3) foray in to a new product line, enabling it to inch closer to its revenue target of US$ 100mn by FY20E. The company has ~85% visibility for achieving this target....

Shaily Engineering Plastics Ltd. is trading above all available SMAs

Shaily Engineering Plastics Ltd.

22 Nov 2018

2327.00

-2.30%

Shaily Engineering Plastics

Buy: Shaily Engineering Plastic...

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Shaily recorded a Q2FY19 tepid performance with volume growth of mere 2% YoY. We believe the sales growth of ~10% YoY was largely driven by price hike and a change in product mix. According to the management, while the power issue has been resolved in Q2FY19 (which impacted Q1FY19 performance) the labour issue remained intact during Q2FY19. Lower plant utilisation coupled with a delay in passing on higher raw material prices led to a decline in EBITDA margin by ~118 bps YoY to...

Shaily Engineering Plastics Ltd. has gained 137.79% in the last 1 Year

Shaily Engineering Plastics Ltd.

21 Nov 2018

2327.00

-2.30%

Shaily Engineering Plastics

Buy: Shaily Engineering Plastic...

Target

ICICI Securities Limited

Shaily Engineering Plastics Ltd. has gained 31.00% in the last 3 Months

Shaily Engineering Plastics Ltd.

14 Aug 2018

2327.00

-2.30%

Shaily Engineering Plastics

Buy: Shaily Engineering Plastic...

Target

ICICI Securities Limited

During Q1FY19, revenue growth of 26% YoY to | 89 crore was led by ~35% YoY volume increase. According to the management, while volume growth was lower-than-expected owing to labour shortage and power issues, lower realisation was due to a change in product mix and delay in passing on higher raw material prices. As a result, gross margins declined ~60 bps YoY whereas EBITDA margin declined ~155 bps YoY mainly due to a sharp increase in employee and other cost by 40% and 36% YoY, respectively. The management further guided that power and...

Shaily Engineering Plastics Ltd. has gained 29.02% in the last 6 Months

Shaily Engineering Plastics Ltd.

25 Apr 2018

2327.00

-2.30%

Shaily Engineering Plastics

Buy: Shaily Engineering Plastic...

ICICI Securities Limited

Shaily Engineering Plastics Ltd. is trading above all available SMAs

Shaily Engineering Plastics Ltd.

20 Mar 2018

2327.00

-2.30%

Shaily Engineering Plastics

Mgmt Note: Shaily Engineering Plastic...

ICICI Securities Limited

We recently met the management of Shaily Engineering Plastics (SEPL) to understand the business model and outlook, going forward. Incorporated in 1987, SEPL is into the manufacturing of precision component using the high performance polymers. Over the years, SEPL has become the preferred outsourcing partner for Fortune 100 companies by offering total solutions in plastics including development, manufacturing and validation. SEPL's business segment includes home furnishings, automotive, home personal & beauty care, appliances & lightings, medical...

Shaily Engineering Plastics Ltd. has gained 31.00% in the last 3 Months

Is Shaily Engineering Plastics Ltd. worth buying?

58 Votes:

Buy 67.24%

Sell 15.52%

Hold 17.24%