EN DE

Shish Industries Ltd (SHISHIND) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹5.3B

SI Shish Industries Ltd SHISHIND · BSE
Price₹9.90
Fair Value₹2.23
Upside-77.5%
Quality20/100
Watch Shish Industries Ltd for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 5.4% net margin
Low debt · negative free cash flow
Trails peers (3/12)
Narrow moat 41/100
Evidence: Medium Range ₹1.67 – ₹2.79 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 6 days ago

Below-average quality, and screening another 78% overvalued on our models.

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • The price sits above even our optimistic bull case (₹2.79). The favourable scenario is already priced in.
  • Weak quality (20/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹18.77 ₹0.8333 Fair Value ₹2.23 Mar 2021 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

60‑month range ₹0.8333 – ₹18.77 · fair‑value band ₹1.67 – ₹2.79 · the ₹9.90 price screens above the ₹2.23 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Shish Industries Ltd (SHISHIND) currently trades at ₹9.90, while our model-based Fair Value estimate is ₹2.23, implying the stock looks roughly 77.5% overvalued today. The Quality Score stands at 20/100 (below-average quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, Shish Industries Ltd generated revenue of ₹1.3B at a net margin of 5.4%. Revenue declined 4.8% year over year. It earns a return on equity of 4.2%. Net debt stands at ₹416M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1.67 (bear case) to ₹2.79 (bull case); at ₹9.90, 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 about 48% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -23% fair-value upside, at -78%, SHISHIND 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.

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
ROIC Compounder ₹0.7700 ₹0.9800 ₹1.15 72
Growth-Adj P/E ₹5.19 ₹7.42 ₹9.64 68
P/E Multiple ₹2.20 ₹2.93 ₹3.66 63
All 14 models by family
Earnings-Based
Graham-Dodd ₹1.17 ₹8.17 ₹11.46 54
Lynch FV ₹4.22 ₹6.03 ₹7.84 50
PEG = 1.0 ₹4.22 ₹6.03 ₹7.84 46
EPV ₹0.7700 ₹0.9800 ₹1.15 59
Multiples
P/E Multiple ₹2.20 ₹2.93 ₹3.66 63
P/S Multiple ₹2.20 ₹2.93 ₹3.66 58
P/B Multiple ₹2.20 ₹2.93 ₹3.66 55
EV/EBIT ₹1.14 ₹1.69 ₹2.25 53
EV/EBITDA ₹1.67 ₹2.40 ₹3.14 54
EV/Revenue ₹0.9200 ₹1.54 ₹2.15 43
Asset-Based
NCAV (Graham) ₹2.20 ₹2.94 ₹4.39 50
Economic Profit
Residual Income ₹3.21 ₹3.16 ₹2.77 61
ROIC Compounder ₹0.7700 ₹0.9800 ₹1.15 72
Growth Earnings
Growth-Adj P/E ₹5.19 ₹7.42 ₹9.64 68

Widest divergence: Growth Earnings (₹7.42) versus Economic Profit (₹0.9800). Highest evidence: ROIC Compounder (72).

Notify me when SHISHIND reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹1.3B
Revenue growth (YoY) -4.8%
Net margin 5.4%
Return on equity 4.2%
Free cash flow −₹612M FY2026
P/E ratio 49.5
More key figures
Operating margin 19.6%
EPS (TTM) ₹0.2000
EPS growth (YoY) -40.0%
Net debt ₹416M FY2026

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

Quality Score breakdown

Overall quality 20/100

Of which business quality 24 · Market factors (momentum, volatility) 42

Profitability 31
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 0
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

Shish Industries Limited engages in the manufacture, trading, and marketing of polypropylene (PP) sheets and rolls in India.

Full company description

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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹1.3B
Latest YoY
+15.6%
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.
+25.2%
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.
+36.6%
Avg. growth/yr (9Y) 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.
+43.5%
Revenue +28.0%/yr
FY22 ₹500M
FY23 ₹685M
FY24 ₹857M
FY25 ₹1.2B
FY26 ₹1.3B
Net income +28.7%/yr
FY22 ₹26.5M
FY23 ₹67.8M
FY24 ₹80.0M
FY25 ₹87.4M
FY26 ₹72.7M

SHISHIND screens 78% overvalued. Compare with Stora Enso Oyj →

Share or link this analysis
For bloggers & editors: embed code + live data

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.

Cite: Fair Value Calculator (2026). "Shish Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SHISHIND

Peer Group

Packaging & Containers · 274 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 20 · Bottom 25%
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 20% · Top 25%
Revenue growth -5% · Below median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 49.5× · Pricier than 75% of peers
P/B 2.87× · Pricier than 75% of peers
P/S (TTM) 3.96× · Pricier than 75% of peers
EV/EBITDA 30.9× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 9
FUTURE0 · sector 0
PAST17 · sector 21
HEALTH93 · sector 93
DIVIDEND0 · sector 46

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 104.30 kr 125.99 +21%
SCG Packaging Public Company SCGP 30.00 THB 16.12 THB -46%
AblePrint Technology Co 7734 3,350 TWD 675.50 TWD -80%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,193 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 134.00 TWD 127.06 TWD -5%
Time Technoplast Limited TIMETECHNO ₹208.56 ₹161.42 -23%
EPL Limited 500135 ₹247.30 ₹111.65 -55%
Polyplex Corporation 524051 ₹1,211 ₹924.62 -24%
Dongwon Systems Corporation 014820 21,650 KRW 31,473 KRW +45%
PT Panca Budi Idaman Tbk, PBID 525.00 IDR 774.13 IDR +47%

Compare Shish Industries Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Shish Industries Ltd (SHISHIND) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹2.23 versus a price of ₹9.90, about −78% (overvalued).
What is the fair value of SHISHIND?
Our model-based fair value for Shish Industries Ltd is ₹2.23 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹9.90.
What is the quality score of SHISHIND?
Shish Industries Ltd has a Quality Score of 20/100. 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 Shish Industries Ltd (SHISHIND)?
Shish Industries Ltd reported trailing-twelve-month revenue of about ₹1.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SHISHIND?
The net profit margin of Shish Industries Ltd is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Shish Industries Ltd and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.