Shaily Engineering Plastics consolidated net profit rises 38.17% in the June 2024 quarter

We remain constructive on Shaily Engineering Plastics and maintain ‘Buy’ with a higher target price of Rs 769 (30 times FY26E Price/earning, earlier Rs 720 at 30 times).

Shaily Engineering Q4 Review - Strong Traction In Healthcare Division To Drive Robust Outlook: Systematix

According to the latest shareholding pattern, Ashish Kacholia kept his status quo in three entities including D-Link (India), Shaily Engineering Plastics and United Drilling Tools between January and March, 2023 period.

Ashish Kacholia stays put in these three companies in March quarter; signals exit from one

Shaily Engineering Plastics standalone net profit declines 51.83% in the December 2022 quarter

ICICI Direct recommended hold rating on Shaily Engineering Plastics with a target price of Rs 1810 in its research report dated November 16, 2022.

Hold Shaily Engineering Plastics; target of Rs 1810: ICICI Direct

Shaily Engineering Plastics standalone net profit declines 8.00% in the June 2022 quarter

Shaily Engineering Plastics - Capacity Addition, Ramp Up Of Healthcare, Toy Segments To Drive Topline: ICICI Direct

Shaily Engineering - Capacity Addition, Ramp Up Of Healthcare, Toy Segments To Drive Topline: ICICI Direct

Shaily Engineering Plastics Q4 - Strong Topline Growth; Higher Raw Material Cost Hits Margin: ICICI Direct

Shaily Engineering Plastics standalone net profit rises 15.71% in the December 2021 quarter

Shaily Engineering Plastics standalone net profit rises 43.31% in the September 2021 quarter

Board of Shaily Engineering Plastics allots 8.55 lakh equity shares

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Shaily Engineering Plastics Limited manufactures high precision injection molded plastic components, assemblies, molds and dies . It offers a range of technological solutions for patient centric and self-medication injection systems.