Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.46 | 24.34 | 23.33 | 23.07 | 22.64 | 35.04 | 35.51 | 33.12 | 29.77 | 33.36 | 38.15 | 35.49 |
| Expenses | 17.62 | 22.46 | 18.62 | 19.16 | 21.28 | 30.07 | 34.32 | 30.24 | 24.44 | 29.13 | 38.25 | 35.61 |
| Operating Profit | 2.84 | 1.88 | 4.71 | 3.91 | 1.36 | 4.97 | 1.19 | 2.88 | 5.33 | 4.23 | -0.10 | -0.12 |
| OPM % | 13.88% | 7.72% | 20.19% | 16.95% | 6.01% | 14.18% | 3.35% | 8.70% | 17.90% | 12.68% | -0.26% | -0.34% |
| Other Income | 0.07 | 0.89 | 0.59 | 0.71 | 2.88 | -0.65 | 0.66 | 2.36 | 0.35 | 0.45 | 2.39 | 0.79 |
| Interest | 0.21 | 0.23 | 0.31 | 0.45 | 0.64 | 0.61 | 0.84 | 0.67 | 1.73 | 0.22 | 0.65 | 0.67 |
| Depreciation | 0.32 | 0.37 | 0.47 | 0.73 | 1.17 | 1.22 | 1.45 | 1.24 | 1.34 | 1.48 | 1.61 | 2.14 |
| Profit before tax | 2.38 | 2.17 | 4.52 | 3.44 | 2.43 | 2.49 | -0.44 | 3.33 | 2.61 | 2.98 | 0.03 | -2.14 |
| Tax % | 23.95% | 29.03% | 32.30% | 24.13% | 24.28% | 23.69% | -11.36% | 23.42% | 18.01% | 64.77% | -333.33% | 0.47% |
| Net Profit | 1.82 | 1.53 | 3.06 | 2.62 | 1.84 | 1.90 | -0.39 | 2.55 | 2.15 | 1.05 | 0.13 | -2.15 |
| EPS in Rs | 0.05 | 0.04 | 0.09 | 0.07 | 0.05 | 0.05 | 0.06 | 0.07 | 0.06 | 0.03 | 0.04 | -0.04 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 28 | 50 | 68 | 86 | 116 | 134 | 137 |
| Expenses | 26 | 46 | 60 | 75 | 105 | 122 | 127 |
| Operating Profit | 2 | 4 | 9 | 11 | 11 | 12 | 9 |
| OPM % | 8% | 8% | 13% | 13% | 10% | 9% | 7% |
| Other Income | 1 | 1 | 2 | 3 | 4 | 6 | 4 |
| Interest | 0 | 0 | 1 | 1 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 5 | 6 | 7 |
| Profit before tax | 2 | 3 | 9 | 11 | 8 | 9 | 3 |
| Tax % | 29% | 24% | 24% | 28% | 25% | 34% | |
| Net Profit | 1 | 3 | 7 | 8 | 6 | 6 | 1 |
| EPS in Rs | 0.04 | 0.08 | 0.20 | 0.23 | 0.23 | 0.17 | 0.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 37% | 25% | 8% | ||
| Compounded Profit Growth | % | 40% | 2% | -61% | ||
| Stock Price CAGR | % | 43% | 6% | 49% | ||
| Return on Equity | % | 10% | 9% | 5% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 11 | 11 | 35 | 38 | 42 |
| Reserves | 2 | 7 | 24 | 25 | 68 | 143 |
| Borrowings | 1 | 6 | 9 | 13 | 34 | 49 |
| Other Liabilities | 4 | 5 | 10 | 13 | 10 | 19 |
| Total Liabilities | 17 | 28 | 54 | 86 | 150 | 253 |
| Fixed Assets | 6 | 7 | 7 | 14 | 51 | 80 |
| CWIP | 0 | 0 | 2 | 4 | 8 | 23 |
| Investments | 0 | 0 | 0 | 0 | 1 | 19 |
| Other Assets | 11 | 21 | 45 | 67 | 90 | 131 |
| Total Assets | 17 | 28 | 54 | 86 | 150 | 253 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | -5 | 0 | -13 | -2 | -14 |
| Cash from Investing Activity | -2 | -2 | -3 | -18 | -46 | -63 |
| Cash from Financing Activity | -0 | 8 | 14 | 20 | 47 | 83 |
| Net Cash Flow | 0 | -0 | 11 | -11 | -0 | 5 |
| Free Cash Flow | 0 | -8 | -2 | -24 | -35 | -61 |
| CFO/OP | 125% | -109% | 28% | -86% | 19% | -76% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 26 | 64 | 103 | 74 | 55 | 92 |
| Inventory Days | 96 | 78 | 76 | 96 | 153 | 117 |
| Days Payable | 61 | 34 | 56 | 48 | 40 | 71 |
| Cash Conversion Cycle | 61 | 109 | 123 | 122 | 168 | 139 |
| Working Capital Days | 75 | 79 | 86 | 154 | 120 | 105 |
| ROCE % | 22% | 28% | 21% | 10% | 7% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 66.48% | 66.82% | 66.82% | 65.71% | 64.47% | 66.03% | 66.03% | 66.03% | 66.03% | 60.55% | 54.81% | 54.81% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 1.23% | 0.06% | 0.13% |
| Public | 33.53% | 33.19% | 33.17% | 34.29% | 35.52% | 33.96% | 33.97% | 33.97% | 33.79% | 38.23% | 45.14% | 45.06% |
| No. of Shareholders | 10,601 | 10,886 | 11,194 | 13,677 | 14,200 | 30,658 | 30,978 | 29,965 | 29,663 | 27,222 | 29,961 | 29,117 |
Fundamentals
Market Cap₹ 574 Cr.
Current Price₹ 13.6
Stock P/E168
Book Value₹ 4.39
ROCE6.80 %
ROE5.01 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)-61%
Consolidated figures.
Valuation
Market capRs 543 Cr
Enterprise valueRs 548 Cr
P/E (TTM)158.66x
Price to book31.13x
Price to sales3.97x
EV / EBITDA41.17x
EV / EBIT81.24x
EV / sales4.01x
Earnings yield0.63%
Profitability
Operating margin (excl. other income)8.02%
Operating margin (incl. other income)9.96%
EBITDA margin9.74%
Pre-tax margin2.54%
Net profit margin2.50%
Net margin, latest quarter-4.34%
ROE18.18%
ROCE21.50%
ROA11.69%
ROIC (approx.)22.14%
Tax rate23.92%
Other income / net worth5.57%
Growth
Sales growth (latest year)76.84%
Profit growth (latest year)97.76%
Sales growth QoQ-6.97%
Profit growth QoQ-187.50%
Sales growth YoY (latest quarter)7.16%
Profit growth YoY (latest quarter)-160.39%
Per share
EPS (TTM)Rs 0.08
EPS (latest year)Rs 2.51
EPS (latest quarter)Rs -0.04
Book value per shareRs 0.41
Sales per shareRs 3.24
Cash flow per shareRs -0.12
Free cash flow per shareRs -1.45
Efficiency
Asset turnover1.77x
Fixed asset turnover6.95x
Inventory turnover5.01x
Inventory days73 days
Debtor days64 days
Debtors turnover5.67x
Creditor days71 days
Cash conversion cycle139 days
Working capital days105 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 0 Cr
Net debtRs 6 Cr
Debt to equity0.34x
Net debt / EBITDA0.43x
Interest coverage2.06x
Owners' fund to total sources61.85%
Debt to assets20.97%
Cash flow
Cash from Operating Activity (latest year)Rs -5 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 8 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -61 Cr
FCFE (approx.: FCF + change in debt)Rs -56 Cr
Cash from ops / profit, 5 years-1.13x
Statement figures
Net sales (TTM)Rs 137 Cr
Net sales (latest year)Rs 50 Cr
Sales (latest quarter)Rs 35 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 42 Cr
Total expenditure (latest year)Rs 46 Cr
Total income (latest year)Rs 51 Cr
Share capitalRs 11 Cr
ReservesRs 7 Cr
Shareholders' fundsRs 17 Cr
Total assetsRs 28 Cr
Net blockRs 7 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 9 Cr
InventoryRs 8 Cr
Other liabilitiesRs 5 Cr
Shares outstanding (crore)42.19
Ownership
Promoter holding54.81% (-11.22 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 540693 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.8% | -2.8% | -3.0 pts |
| 1 month | +24.7% | -6.8% | +31.5 pts |
| 3 months | +11.0% | -7.6% | +18.6 pts |
| 3 years | +14.1% | +14.2% | -0.1 pts |
| 5 years | +481.9% | +27.9% | +454.0 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -74% of net profit over the last 2 years |
| explain | High accruals Profit exceeded operating cash by 28% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 339% vs sales +77% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹35 Cr +7.2% vs Jun 2025.
Net loss ₹2 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Shish Industries Ltd?
Shish Industries Ltd (540693) has a market capitalisation of Rs 574 Cr. at the 2026-10-01 close.
What is the P/E ratio of Shish Industries Ltd?
Shish Industries Ltd trades at a P/E of 168 on trailing twelve-month profit, at the 2026-10-01 close.
What were Shish Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Shish Industries Ltd sales was Rs 35 Cr (+7.2% vs Jun 2025) with a net loss of Rs 2 Cr.