Q4FY21 Result Update - Shaily Engineering Plastics - ICICI Direct

Shaily reported a strong performance in Q4FY21 with revenue, PAT growth of ~38%, ~40%, respectively. Further, the company has guided for strong revenue growth in FY22 despite lockdown related disruptions in Q1. A home furnishing major (HFM) remains a key contributor to the overall topline (55% of overall revenue). However, significant growth opportunities in the healthcare segment (revenue growth of 2-3x in the next three to five years) and strong order pipeline in the toy business provide strong revenue visibility in the next two years. With better operating leverage and a complete pass on mechanism of inflationary pressure to its clients (with a lag of three months), we see improvement in EBITDA margin in FY21-23E. Better cash flows, going forward, will be utilised to fund future capex and reduce debt (FY21 debt at ~Rs. 173 crore). That is expected to result in a robust PAT CAGR of ~66% in FY21-23E.

For details, click on the link below: Link to the report

Shares of SHAILY ENGINEERING PLASTICS LTD. was last trading in BSE at Rs.1633 as compared to the previous close of Rs. 1450. The total number of shares traded during the day was 42119 in over 1714 trades.

The stock hit an intraday high of Rs. 1724.95 and intraday low of 1450. The net turnover during the day was Rs. 66193919.

Source : Equity Bulls

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