Shaily Engineering Plastics SHF plays spoilt sport again Shaily Engineering Plastics (SHEP) reported weak FY19 results. Revenues grew 6.3% to Rs3,383m, EBITDA was flat at Rs526m and PAT fell 19.0% to Rs193m. Volume growth was flat and lower than expected at 13,258 MT as production faced concerns on account of labor and power issues in H1FY19, followed by slowdown in SHF client orders due to change in their inventory policy. FY19 revenues were lower by Rs800m due to 1) slow off-take from Swedish House Furnishing Retailer (SHF) due to change in its inventory policy, 2) delay in other project...