Shish Industries Ltd (SHISHIND) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Shish Industries Ltd ₹2.23, price ₹12.86, upside -82.7%, quality 17 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹1.87 – ₹18.77 · fair‑value band ₹1.68 – ₹2.79 · the ₹12.86 price screens above the ₹2.23 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Shish Industries Limited engages in the manufacture, trading, and marketing of polypropylene (PP) sheets and rolls in India.
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Shish Industries Limited engages in the manufacture, trading, and marketing of polypropylene (PP) sheets and rolls in India. The company provides industrial packaging products, such as PP corrugated sheets, PP bubble/roll sheets, stout-composite straps, stuffex-dunnage bags, FIBC bags, pallet covers, paper corrugated boxes, bubble wraps, stickers and labels, fabox; and PP/PE woven fabrics, house wraps, lumber wraps, tarpaulins, roof underlayment, and VCI woven fabrics. It also offers thermal insulation products, including bubble insulation, raiant barriers, ridge vents, and strip vent 1.0; and consumer products, such as weather water tank covers, wrap fresh food packaging, insulated cooler bags, geo liner/ pond liner, and landscape woven fabrics. In addition, the company manufactures and sells Saffguard, Stagguard, corrugated sheets, plastic fluted boards, plastic hollow sheets, etc.; manufactures and distributes insulation building materials, geo textile fabrics, material handling products, UPVC and PVC equipment, radiant barriers, PP woven bag, FIBC jumbo bag, Pp sheets, and PVC and CPVC pipes and fittings; and provides paper PE/PP/EVA laminations, aluminum PE/PP/EVA laminations, non-woven and woven fabric PE/PP/EVA laminations, and various extrusion lamination products. The company also exports its products. Shish Industries Limited was founded in 2012 and is headquartered in Surat, India.
Stock analysis
Shish Industries Ltd (SHISHIND) currently trades at ₹12.86, while our model-based Fair Value estimate is ₹2.23, 82.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹7.42 per share, and 0 of the 14 models we run sit above the ₹12.86 price.
Bear case: the Economic Profit group reads lowest at ₹0.6200, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹1.68 (bear) to ₹2.79 (bull), the price of ₹12.86 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 17/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shish Industries Ltd reported revenue of ₹1.3B in FY2026 versus ₹500M in FY2022, a compound +28.0%/yr. Reported net income was ₹72.7M in FY2026, compounding +28.7%/yr from FY2022.
Key figures
Market cap ₹5.4B (≈ $56.3M) · P/E ratio 183.7 · P/S ratio 9.93 · EPS (TTM) ₹0.0700 · Net margin 5.4% · Return on equity 4.2% · Return on assets (EBIT) 9.0% · Operating margin −4.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 53% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −16% fair-value upside, at −83%, SHISHIND screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹0.6200 to ₹8.17). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹1.68Fair Value ₹2.23Bull ₹2.79
Price ₹12.86 · Upside -82.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0359 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+25.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+36.6%
Start year 2021 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+43.5%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+15.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.15.5% vs 11.9%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 5%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 13.6%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Packaging & Containers · 256 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score17 · Bottom 25%
Fair Value upside−82.7% · Bottom 25%
Profitability
Return on equity (TTM)4.2% · Below median
Return on assets3.8% · Above median
Net margin (TTM)2.2% · Below median
Operating margin (TTM)−4.1% · Bottom 25%
Growth and dividend
Revenue growth7.2% · Below median
Balance sheet
Debt / equity0.15× · Below median
Valuation Multiplesvs Packaging & Containers median · lower = cheaper
P/E (TTM)183.7× · Priciest 25%
P/B2.93× · Priciest 25%
P/S (TTM)3.97× · Priciest 25%
EV/EBITDA44.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)36· sector 41
PAST (return on equity)17· sector 27
HEALTH (low debt)93· sector 92
DIVIDEND (yield)0· sector 47
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Shish Industries Ltd (SHISHIND) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹2.23 versus a price of ₹12.86, about −83% upside (overvalued).
What is the fair value of SHISHIND?
Our model-based fair value for Shish Industries Ltd is ₹2.23 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹12.86.
What is the quality score of SHISHIND?
Shish Industries Ltd has a Quality Score of 17/100. 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 price target for Shish Industries Ltd (SHISHIND)?
Our model-based price target is the fair value of ₹2.23 (as of Oct 2, 2026) from 14 valuation models. Cautious scenario ₹1.68, optimistic scenario ₹2.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Shish Industries Ltd stock forecast for 2026?
Our models put fair value at ₹2.23, about −83% upside versus a price of ₹12.86 (overvalued). Cautious scenario ₹1.68, optimistic scenario ₹2.79. The calculation is refreshed regularly with new filings.
What is the revenue of Shish Industries Ltd (SHISHIND)?
Shish Industries Ltd reported trailing-twelve-month revenue of about ₹1.4B (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of Shish Industries Ltd (SHISHIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shish Industries Ltd it is ₹2.23 per share (as of Oct 2, 2026), against a price of ₹12.86. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Shish Industries Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, SHISHIND trades above its calculated fair value: price ₹12.86, fair value ₹2.23, a gap of about −83% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SHISHIND?
No. The price is what the market pays today (₹12.86); the fair value is what the company's own numbers justify (₹2.23). For Shish Industries Ltd the two are ₹10.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shish Industries Ltd worth?
The market values Shish Industries Ltd at about ₹5.4B (market capitalisation, as of Oct 2, 2026). Per share that is ₹12.86; our models calculate a fair value of ₹2.23 per share.
What do the bullish and bearish scenarios say about SHISHIND?
Our models span a range for Shish Industries Ltd: cautious scenario ₹1.68, base ₹2.23, optimistic ₹2.79 per share (as of Oct 2, 2026, price ₹12.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SHISHIND?
Shish Industries Ltd trades at a price-to-earnings ratio of 183.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹2.23 is built from several models across several years. Other multiples: P/B 2.9, P/S 4.0, EV/EBITDA 44.4.
How solid is the balance sheet of Shish Industries Ltd (SHISHIND)?
Balance-sheet figures for Shish Industries Ltd (as of Oct 2, 2026): return on equity 4.2%, debt of 0.15 per unit of equity. They feed the Quality Score of 17/100, which measures business quality independently of the share price.
How far is SHISHIND from its 52-week high?
Shish Industries Ltd trades at ₹12.86, about 31% below its 52-week high of ₹18.77 and 53% above the low of ₹8.40 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹2.23 is for.
Which stocks are comparable to Shish Industries Ltd?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, International Paper Company, Ball Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shish Industries Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price ₹12.86, calculated fair value ₹2.23 (−83%), Quality Score 17/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SHISHIND calculated?
We run Shish Industries Ltd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹2.23, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Shish Industries Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shish Industries Ltd (SHISHIND)?
The closing price on Oct 1, 2026 was ₹12.86. Our model-based fair value is ₹2.23, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shish Industries Ltd right now?
The price sits above even our optimistic bull case (₹2.79). The favourable scenario is already priced in. Weak quality (17/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Shish Industries Ltd
How large is the market capitalisation of Shish Industries Ltd (SHISHIND)?
The market capitalisation of Shish Industries Ltd is ₹5.4B (≈ $56.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shish Industries Ltd (SHISHIND)?
The price-to-sales ratio of Shish Industries Ltd is 9.93 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shish Industries Ltd (SHISHIND)?
Earnings per share at Shish Industries Ltd are ₹0.0700 (price ÷ EPS = P/E 183.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shish Industries Ltd (SHISHIND)?
The net margin of Shish Industries Ltd is 5.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shish Industries Ltd (SHISHIND)?
The return on equity (ROE) of Shish Industries Ltd is 4.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shish Industries Ltd (SHISHIND)?
On an EBIT basis the return on assets of Shish Industries Ltd is 9.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shish Industries Ltd (SHISHIND)?
The operating margin of Shish Industries Ltd is −4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shish Industries Ltd (SHISHIND)?
Revenue at Shish Industries Ltd is growing +7.2% versus a year earlier (3y avg +25.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shish Industries Ltd (SHISHIND)?
Earnings per share at Shish Industries Ltd are growing −40.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shish Industries Ltd (SHISHIND) generate?
The free cash flow of Shish Industries Ltd is −₹612M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shish Industries Ltd (SHISHIND) carry?
The net debt of Shish Industries Ltd is ₹416M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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