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Shish Industries Overview

Shish Industries Ltd is an India based employer engaged in manufacturing plastic twin wall and multi wall corrugated sheets. The Company also manufactures various type of merchandise, inclusive of polypropylene (PP) corrugated plastic rolls, that's an extruded fluted PP corrugated plastic sheets such as or multi flat partitions linked by means of vertical ribs. It exports its products to numerous international locations, consisting of United Arab Emirates, Myanmar and Oman. Its plastic corrugated sheets are used in various industries and alert...Read More

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Shish Industries Key Financials

Market Cap ₹540 Cr.

Stock P/E 90.5

P/B 3.4

Current Price ₹12.8

Book Value ₹ 3.7

Face Value 1

52W High ₹19.1

Dividend Yield 0%

52W Low ₹ 7.1

Shish Industries Share Price

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Volume
Price

Shish Industries Quarterly Price

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Shish Industries Peer Comparison

Shish Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 20 24 23 23 23 35 36 33 30 33
Other Income 0 1 1 1 3 -1 1 2 0 0
Total Income 21 25 24 24 26 34 36 35 30 34
Total Expenditure 18 22 19 19 21 30 34 30 24 29
Operating Profit 3 3 5 5 4 4 2 5 6 5
Interest 0 0 0 0 1 1 1 1 2 0
Depreciation 0 0 0 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 5 3 2 2 -0 3 3 3
Provision for Tax 1 1 1 1 1 1 -0 1 0 2
Profit After Tax 2 2 3 3 2 2 -0 3 2 1
Adjustments -0 0 0 0 0 0 3 0 0 -0
Profit After Adjustments 2 2 3 3 2 2 2 3 2 1
Adjusted Earnings Per Share 0.1 0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0

Shish Industries Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 28 50 68 86 116 132
Other Income 1 1 2 3 4 3
Total Income 29 51 70 88 120 135
Total Expenditure 26 46 59 75 105 117
Operating Profit 3 5 11 14 15 18
Interest 0 0 1 1 3 4
Depreciation 1 1 1 1 5 4
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 2 3 9 11 8 9
Provision for Tax 1 1 2 3 2 3
Profit After Tax 1 3 7 8 6 6
Adjustments 0 0 0 0 3 3
Profit After Adjustments 1 3 7 8 9 8
Adjusted Earnings Per Share 0 0.1 0.2 0.2 0.2 0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 35% 32% 0% 0%
Operating Profit CAGR 7% 44% 0% 0%
PAT CAGR -25% 26% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 55% 6% 40% NA%
ROE Average 7% 17% 16% 16%
ROCE Average 10% 20% 20% 20%

Shish Industries Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 12 17 35 60 106
Minority's Interest 0 0 0 0 -4
Borrowings 0 1 1 1 13
Other Non-Current Liabilities -0 -0 -0 1 1
Total Current Liabilities 5 10 18 24 34
Total Liabilities 17 28 54 86 149
Fixed Assets 6 7 7 14 51
Other Non-Current Assets 0 0 2 5 25
Total Current Assets 11 21 45 67 74
Total Assets 17 28 54 86 149

Shish Industries Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 11 0
Cash Flow from Operating Activities 2 -5 0 -13 -17
Cash Flow from Investing Activities -2 -2 -3 -18 -30
Cash Flow from Financing Activities -0 8 14 20 47
Net Cash Inflow / Outflow 0 -0 11 -11 -0
Closing Cash & Cash Equivalent 0 0 11 0 0

Shish Industries Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.04 0.08 0.2 0.23 0.23
CEPS(Rs) 0.07 0.12 0.24 0.27 0.28
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 0.39 0.55 1.05 1.71 2.71
Core EBITDA Margin(%) 7.9 8.05 13.17 12.81 9.85
EBIT Margin(%) 7.77 7.79 13.92 14.21 9.01
Pre Tax Margin(%) 6.71 6.94 13.1 12.99 6.81
PAT Margin (%) 4.74 5.3 9.89 9.34 5.14
Cash Profit Margin (%) 7.68 7.5 11.76 11.01 9.07
ROA(%) 7.86 11.73 16.46 11.41 5.08
ROE(%) 11.45 18.18 25.93 16.9 7.33
ROCE(%) 17.23 21.59 28.26 21.02 10.01
Receivable days 25.92 39.52 75.16 83.07 58.1
Inventory Days 72.55 51.37 49.69 49.73 68.29
Payable days 60.46 33.36 41.34 47.4 39.25
PER(x) 26.22 37.99 35.81 52.08 40.17
Price/Book(x) 3 5.77 6.97 6.97 3.41
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 1.26 2.13 3.52 4.92 3.28
EV/Core EBITDA(x) 11.76 21.3 22.29 30.99 25.33
Net Sales Growth(%) 0 76.86 36.94 25.17 35.58
EBIT Growth(%) 0 77.22 144.78 27.78 -14.02
PAT Growth(%) 0 97.46 155.85 18.08 -25.4
EPS Growth(%) 0 89.39 143.73 11.98 0.7
Debt/Equity(x) 0.09 0.34 0.27 0.2 0.31
Current Ratio(x) 2.26 2.13 2.5 2.78 2.19
Quick Ratio(x) 1.15 1.26 1.94 2.23 1.29
Interest Cover(x) 7.28 9.18 17.05 11.61 4.09
Total Debt/Mcap(x) 0.03 0.06 0.04 0.03 0.09

Shish Industries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.82 66.82 65.71 64.47 66.03 66.03 66.03 66.03 60.55 54.81
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0.17 1.23 0.06
Public 33.18 33.18 34.29 35.53 33.97 33.97 33.97 33.8 38.23 45.13
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shish Industries News

Shish Industries Pros & Cons

Pros

  • Debtor days have improved from 47.4 to 39.25days.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.4 times its book value.
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