Shaily Engineering Plastics Ltd., incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 1219.61 Crore) operating in Plastics sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 112.16 Crore, up 6.27 % from last quarter Total Income of Rs 105.54 Crore and up 41.20 % from last year same quarter Total Income of Rs 79.43 Crore. Company reported net profit after tax of Rs 9.70 Crore in latest quarter.
Investment Rationale
The brokerage believes Shaily is on a strong footing considering diversification into new product category and strong order book from existing customers. It maintains BUY rating on the stock with a revised target price of Rs 1670 valuing the company at 25xFY23E earnings (earlier target price Rs 1060)
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
