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Shaily Engineering Plastics Limited (SHAILY) Fair Value & Analysis

Basic Materials · IN · Market cap ₹133B

SE Shaily Engineering Plastics Limited SHAILY · NSE
Price₹3,396
Fair Value₹536.39
Upside-84.2%
Quality61/100
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Expensive Growth
Solidly profitable · 17.2% net margin
Low debt · generates free cash flow
0.10% dividend yield
Mixed vs. peers (7/14)
Wide moat 82/100
Evidence: High Range ₹289.41 – ₹727.63 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price +23.0% over the past month.

A solid business, but screening 84% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹727.63). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹289.41 to ₹727.63) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

₹3,458 ₹193.39 Fair Value ₹536.39 Apr 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

52‑month range ₹193.39 – ₹3,458 · fair‑value band ₹289.41 – ₹727.63 · the ₹3,396 price screens above the ₹536.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shaily Engineering Plastics Limited (SHAILY) currently trades at ₹3,396, while our model-based Fair Value estimate is ₹536.39, implying the stock looks roughly 84.2% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Shaily Engineering Plastics Limited generated revenue of ₹9.9B at a net margin of 17.2%. Revenue grew 8.7% year over year. It earns a return on equity of 26.9%. Net debt stands at ₹1.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹289.41 (bear case) to ₹727.63 (bull case); at ₹3,396, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 121% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at -84%, SHAILY screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹31.60 to ₹1,356). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹93.53 ₹173.76 ₹316.14 80
Residual Income ₹259.09 ₹376.84 ₹2,720 76
Rev-Margin DCF ₹186.77 ₹366.59 ₹610.81 74
All 26 models by family
DCF Models
FCF DCF ₹95.42 ₹184.33 ₹355.56 38
Owner Earnings ₹120.97 ₹236.45 ₹450.40 31
5Y Revenue Exit ₹186.77 ₹376.25 ₹647.62 39
5Y EBITDA Exit ₹326.18 ₹677.33 ₹1,143 41
5Y P/E Exit ₹335.67 ₹697.81 ₹1,136 38
10Y Revenue Exit ₹148.31 ₹320.87 ₹613.07 36
10Y EBITDA Exit ₹250.76 ₹547.51 ₹1,047 37
10Y P/E Exit ₹257.17 ₹562.92 ₹1,041 35
Earnings-Based
Graham-Dodd ₹251.20 ₹1,356 ₹1,879 54
Lynch FV ₹375.47 ₹536.39 ₹697.30 50
PEG = 1.0 ₹375.47 ₹536.39 ₹697.30 46
EPV ₹368.09 ₹429.52 ₹483.27 59
Dividend Discount
Gordon GGM ₹18.02 ₹37.48 ₹59.45 70
DDM Multi-Stage ₹18.02 ₹31.60 ₹39.33 61
Multiples
P/E Multiple ₹471.00 ₹628.00 ₹785.00 63
P/S Multiple ₹242.31 ₹323.08 ₹403.85 58
P/B Multiple ₹350.58 ₹467.44 ₹584.31 55
EV/EBIT ₹526.18 ₹701.73 ₹877.28 53
EV/EBITDA ₹455.97 ₹608.11 ₹760.26 54
EV/Revenue ₹225.68 ₹322.60 ₹419.53 43
Asset-Based
NCAV (Graham) ₹77.91 ₹104.40 ₹155.81 50
Growth DCF
Growth DCF ₹93.53 ₹173.76 ₹316.14 80
Rev-Margin DCF ₹186.77 ₹366.59 ₹610.81 74
Economic Profit
Residual Income ₹259.09 ₹376.84 ₹2,720 76
ROIC Compounder ₹429.09 ₹586.01 ₹790.50 72
Growth Earnings
Growth-Adj P/E ₹497.24 ₹710.35 ₹923.45 68

Widest divergence: Growth Earnings (₹710.35) versus Dividend Discount (₹31.60). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹9.9B
Revenue growth (YoY) +8.7%
Net margin 17.2%
Return on equity 26.9%
Free cash flow ₹321M FY2026
P/E ratio 92.4
More key figures
Operating margin 22.1%
EPS (TTM) ₹36.76
Dividend yield 0.1%
EPS growth (YoY) +40.9%
Net debt ₹1.5B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 85

Profitability 72
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 7
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 93
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Shaily Engineering Plastics Limited engages in the manufacture and sale of precision injection moulded plastic components/products in India.

Full company description

Shaily Engineering Plastics Limited engages in the manufacture and sale of precision injection moulded plastic components/products in India. The company offers specialty devices, platform devices, inhalers, sprays and pumps, intricate insulin injector pens, auto-injectors, and specialty packaging and containers for solid and liquid formulations, as well as providing contract development and manufacturing services for the pharmaceutical industry. It also offers kitchen and cooking devices, and storage and cleaning products; and sheet steel furniture products, including cabinets, drawer units, tables, and storage units. In addition, the company provides plastic components for lighting, appliances, and automotive applications; and razors, pumps, sprays and packaging for the personal care market. It also exports its products to approximately 40 countries. Shaily Engineering Plastics Limited was incorporated in 1980 and is based in Vadodara, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Shaily Engineering Plastics Limited reported revenue of ₹9.9B in FY2026 versus ₹5.7B in FY2022, a compound +14.9%/yr. Reported net income was ₹1.7B in FY2026, compounding +48.2%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹9.9B
Latest YoY
+25.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.4%
Avg. growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.0%
Revenue +14.9%/yr
FY22 ₹5.7B
FY23 ₹6.1B
FY24 ₹6.4B
FY25 ₹7.9B
FY26 ₹9.9B
Net income +48.2%/yr
FY22 ₹353M
FY23 ₹351M
FY24 ₹573M
FY25 ₹931M
FY26 ₹1.7B
Character of growth · EPS growth decomposed (2015-2026) +22.8 % p.a.
Revenue per share +14.0 pp

of which total revenue +15.7 pp · buybacks/dilution −1.7 pp

EBIT margin −0.9 pp
Tax rate +0.5 pp
Residual (interest, one-offs) +9.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

SHAILY screens 84% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Shaily Engineering Plastics Limited Fair Value". https://www.fairvalue-calculator.com/stock/SHAILY

Peer Group

Specialty Chemicals · 672 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Top 25%
Fair Value upside −84% · Bottom 25%
Return on equity (TTM) 27% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 92.4× · Pricier than 75% of peers
P/B 18.62× · Pricier than 75% of peers
P/S (TTM) 13.47× · Pricier than 75% of peers
P/FCF 4.4× · Pricier than median
EV/EBITDA 47.7× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 44 · sector 18
PAST 100 · sector 23
HEALTH 98 · sector 95
DIVIDEND 2 · sector 31

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Asian Paints Limited ASIANPAINT ₹2,756 ₹664.51 -76%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,702 ₹351.84 -79%
PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹559.80 ₹154.46 -72%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
Himadri Speciality Chemical Limited HSCL ₹778.15 ₹248.63 -68%

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Frequently asked questions

Is Shaily Engineering Plastics Limited (SHAILY) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹536.39 versus a price of ₹3,396, about −84% (overvalued).
What is the fair value of SHAILY?
Our model-based fair value for Shaily Engineering Plastics Limited is ₹536.39 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹3,396.
What is the quality score of SHAILY?
Shaily Engineering Plastics Limited has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Shaily Engineering Plastics Limited (SHAILY)?
Shaily Engineering Plastics Limited reported trailing-twelve-month revenue of about ₹9.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SHAILY?
The net profit margin of Shaily Engineering Plastics Limited is about 17.2%, meaning it keeps roughly 17.2% of revenue as net income. Based on the latest reported figures.
Does Shaily Engineering Plastics Limited pay a dividend?
Shaily Engineering Plastics Limited currently shows a dividend yield of about 0.10% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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