Shaily Engineering Plastics Ltd – Q3 FY2025 Complete Report

Shaily Engineering Plastics Ltd

Q3 FY2025 Stock Research Report

NSE: SHAILY
Market Cap: ₹7,373 Cr

Current Price: ₹1,604
52W High/Low: ₹1,750 / ₹360

P/E: 87.9x
Book Value: ₹108

ROCE: 14.1%
ROE: 13.3%

Q3 FY2025 Financial Performance

Revenue

₹18,630.76L

+28.7% YoY

EBITDA

₹4,057.13L

+32.1% YoY

PAT

₹1,813.72L

+191.6% YoY

EBITDA Margin

21.1%

+0.6% YoY

Future Growth Plans & Expansion Strategy

Capacity Expansion

• Ongoing capex in precision plastics & healthcare verticals

• Expansion into high-margin custom polymer components

New Product Development

• Lightweight, high-durability plastic solutions

• Sustainable and bio-based plastics development

Strategic Partnerships

• Global FMCG, pharma, and automotive partnerships

• Expanding EU and North America footprint

R&D Advancement

• Investment in automation and AI-driven quality control

• Enhanced prototyping & mold design capabilities

Capital Expenditure & Strategic Rationale

FY2025 Capex Plan: ₹150-200 Cr

Healthcare & Pharma

High-margin packaging solutions and medical components

Consumer Goods

FMCG plastics for multinational corporations

EV Components

Precision-engineered components for electric vehicles

Competitive Landscape

Key Competitors

Mold-Tek Packaging, Supreme Industries, Time Technoplast

Competitive Advantages

Custom-engineered plastics focus
Strong MNC relationships
High-margin precision manufacturing

Risks & Challenges

Raw Material Price Volatility

Dependency on crude oil-based polymers with partial mitigation through long-term contracts

Global Economic Slowdown

40% export revenue exposure to Europe & US markets

Execution Risks

Large capex programs require efficient execution

ESG & Regulatory

Increasing regulations on plastic usage & recyclability

Investment Thesis & Valuation

High-Growth, Niche Player: Specialized high-margin components

Robust Financials: Consistent growth, improving margins

Expansion-Driven Upside: Strategic capex in growth sectors

Global Reach: 40%+ revenue from exports

Valuation Concerns: Premium P/E of 87.9x

Est. FY26 EPS

₹22-24

Target P/E

60-65x

Target Price Range

₹1,320-1,560

Shaily Engineering Q3 PAT Soars 191%, Plans ₹200Cr Expansion in Healthcare & EV Components |