New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹4.45b market cap, or US$46.7m). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹10.54, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 22x in the Chemicals industry in India. Total loss to shareholders of 22% over the past three years. Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: ₹0.19 (vs ₹0.24 in FY 2025) Full year 2026 results: EPS: ₹0.19 (down from ₹0.24 in FY 2025). Revenue: ₹1.40b (up 20% from FY 2025). Net income: ₹72.7m (down 17% from FY 2025). Profit margin: 5.2% (down from 7.5% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • May 21
Shish Industries Limited to Report Q4, 2026 Results on May 29, 2026 Shish Industries Limited announced that they will report Q4, 2026 results on May 29, 2026 Announcement • Feb 27
Shish Industries Limited announced that it has received INR 723.42813 million in funding On February 26, 2026. Shish Industries Limited announces that it has closed the transaction. It has issued 40,000,040 Equity shares at a price of INR 12 per share for gross proceeds of INR 480,000,480 and 81,142,550 Fully Convertible Equity Warrants at a price of INR 3 per warrant for gross proceeds of INR 243,427,650 for aggregate proceeds of INR 723,428,130. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹15.34, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 106% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.05 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.03 (down from ₹0.05 in 3Q 2025). Revenue: ₹338.0m (down 3.5% from 3Q 2025). Net income: ₹10.5m (down 45% from 3Q 2025). Profit margin: 3.1% (down from 5.4% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Shish Industries Limited to Report Q3, 2026 Results on Feb 12, 2026 Shish Industries Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹15.45, the stock trades at a trailing P/E ratio of 65.7x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 207% over the past three years. New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (₹4.51b market cap, or US$49.6m). Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹9.75, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 24x in the Chemicals industry in India. Total returns to shareholders of 89% over the past three years. New Risk • Nov 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (₹3.45b market cap, or US$38.5m). Announcement • Nov 11
Shish Industries Limited announced that it expects to receive INR 21.906726 million in funding Shish Industries Limited announced a private placement to issue 24,34,100 Equity Shares for gross proceeds of INR 2,19,06,726 on preferential basis on November 9, 2025. The Equity Shares are issued after being converted from 2,43,410 Warrants with each Warrant convertible into 10 Equity Shares. Announcement • Nov 08
Shish Industries Limited to Report Q2, 2026 Results on Nov 14, 2025 Shish Industries Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Sep 05
Shish Industries Limited, Annual General Meeting, Sep 30, 2025 Shish Industries Limited, Annual General Meeting, Sep 30, 2025, at 16:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹9.67, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 48% over the past three years. New Risk • Aug 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.8% Last year net profit margin: 9.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (6.8% net profit margin). Market cap is less than US$100m (₹2.80b market cap, or US$31.9m). Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.07 (vs ₹0.074 in 1Q 2025) First quarter 2026 results: EPS: ₹0.07 (down from ₹0.074 in 1Q 2025). Revenue: ₹354.8m (up 54% from 1Q 2025). Net income: ₹25.5m (down 2.6% from 1Q 2025). Profit margin: 7.2% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 07
Shish Industries Limited to Report Q1, 2026 Results on Aug 12, 2025 Shish Industries Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Announcement • Jun 17
Shish Industries Limited (BSE:540693) agreed to acquire 65% stake in Shish Advanced Composites Private Limited for INR 0.65 million. Shish Industries Limited (BSE:540693) agreed to acquire 65% stake in Shish Advanced Composites Private Limited for INR 0.65 million on June 17, 2025.
For the period ending March 31, 2025, Shish Advanced Composites Private Limited reported total revenue of INR 0. As of March 31, 2025, Shish Advanced Composites Private Limited reported net liabilities of INR 3.27 million.
The transaction is expected to complete by end of June 2025. Reported Earnings • May 07
Full year 2025 earnings released: EPS: ₹0.24 (vs ₹0.30 in FY 2024) Full year 2025 results: EPS: ₹0.24. Revenue: ₹1.20b (up 40% from FY 2024). Net income: ₹87.4m (up 9.2% from FY 2024). Profit margin: 7.3% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Apr 30
Shish Industries Limited to Report Q4, 2025 Results on May 05, 2025 Shish Industries Limited announced that they will report Q4, 2025 results on May 05, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹8.91, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 171% over the past three years. Announcement • Mar 22
Janak Kheni and his affiliate agreed to acquire Varni Wood & Paper Packaging Private Limited from Shish Industries Limited (BSE:540693) for INR 1.5 million. Janak Kheni and his affiliate agreed to acquire Varni Wood & Paper Packaging Private Limited from Shish Industries Limited (BSE:540693) for INR 1.5 million on March 21, 2025. A cash consideration of INR 1.5 million will be paid by the buyer. As part of consideration, INR 1.5 million is paid towards common equity of Varni Wood & Paper Packaging Private Limited. The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. The expected completion of the transaction is within 10 days from the date of approval by the Board of Directors. Announcement • Mar 21
Shish Industries Limited Approves Board Changes Shish Industries Limited announced that the Board of Directors of the Company, in their Board Meeting held on March 21, 2025, approved change in designation of Mr. Rameshbhai Kakadiya from Whole-time Director to Non-Executive Director of the company; He has more than 10 years of rich experience in the field of Marketing and General Administration. He has played a very vital role in successful implementation of various policies and procedure in the Organization. Accepted the resignation of Mr. Rasik Govindbhai Bharodia from the post of Non- Executive Independent Director of the Company with effect from closing business hours of March 24, 2025 due to personal reasons; The Board of Directors of the Company noted the same and placed on record its sincere appreciation for the contribution made by Mr. Rasik Govindbhai Bharodia during his tenure as a Board member with the Company. Moreover, he will automatically cease to be member of Audit Committee, Nomination and Remuneration Committee & Stakeholders Relationship Committee up on his resignation from the post of Non-Executive Independent Director. Reconstituted Nomination and Remuneration Committee & Stakeholders Relationship Committee by admitting Ms. Shital Tamakuwala as Member. Reported Earnings • Jan 28
Third quarter 2025 earnings released: EPS: ₹0.05 (vs ₹0.045 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.05 (up from ₹0.045 in 3Q 2024). Revenue: ₹343.8m (up 41% from 3Q 2024). Net income: ₹19.0m (up 24% from 3Q 2024). Profit margin: 5.5% (down from 6.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 22
Shish Industries Limited to Report Q3, 2025 Results on Jan 25, 2025 Shish Industries Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Jan 25, 2025 New Risk • Dec 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (48% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Market cap is less than US$100m (₹5.09b market cap, or US$59.9m). Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹125, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 33x in the Chemicals industry in India. Total returns to shareholders of 425% over the past three years. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (48% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹4.36b market cap, or US$51.4m). Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹117, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 34x in the Chemicals industry in India. Total returns to shareholders of 396% over the past three years. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹0.51 (vs ₹0.53 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.51. Revenue: ₹255.2m (up 25% from 2Q 2024). Net income: ₹18.4m (up 1.4% from 2Q 2024). Profit margin: 7.2% (down from 8.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Oct 21
Shish Industries Limited to Report Q2, 2025 Results on Oct 25, 2024 Shish Industries Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹121, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 432% over the past three years. Announcement • Sep 06
Shish Industries Limited, Annual General Meeting, Sep 27, 2024 Shish Industries Limited, Annual General Meeting, Sep 27, 2024, at 12:00 Indian Standard Time. Reported Earnings • Jul 18
First quarter 2025 earnings released: EPS: ₹0.74 (vs ₹0.47 in 1Q 2024) First quarter 2025 results: EPS: ₹0.74 (up from ₹0.47 in 1Q 2024). Revenue: ₹237.8m (up 35% from 1Q 2024). Net income: ₹26.2m (up 65% from 1Q 2024). Profit margin: 11% (up from 9.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 11
Shish Industries Limited to Report Q1, 2025 Results on Jul 17, 2024 Shish Industries Limited announced that they will report Q1, 2025 results on Jul 17, 2024 Announcement • May 11
Shish Industries Limited announced that it has received INR 169.356936 million in funding On May 10, 2024, Shish Industries Limited closed the transaction, Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹152, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 568% over the past three years. Reported Earnings • Apr 20
Full year 2024 earnings released: EPS: ₹2.97 (vs ₹2.14 in FY 2023) Full year 2024 results: EPS: ₹2.97 (up from ₹2.14 in FY 2023). Revenue: ₹883.8m (up 29% from FY 2023). Net income: ₹80.0m (up 18% from FY 2023). Profit margin: 9.1% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 05
Shish Industries Limited to Report Q4, 2024 Results on Apr 12, 2024 Shish Industries Limited announced that they will report Q4, 2024 results at 3:30 PM, Indian Standard Time on Apr 12, 2024 New Risk • Mar 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (₹4.17b market cap, or US$50.0m). Announcement • Mar 09
Shish Industries Limited announced a financing transaction Shish Industries Limited announced a private placement of up to 3,600,000 fully convertible equity warrants and up to 670,700 common shares on March 7, 2024. The warrants will be convertible into one common share of the company and will mature in 18 months from the date of the allotment. The securities will be issued on preferential basis. The transaction included participation from new investors Satishkumar Dayabhai Maniya for 833,120 shares, Rameshbhai Virjibhai Kakadiya for 833,120 shares, Devesh Chandrabhan Gupta for 833,000 shares, and other investors. The transaction has been approved by the board of directors of the company. Announcement • Mar 08
Shish Industries Limited (BSE:540693) agreed to acquire Dunnage Bag Private Limited for INR 98 million. Shish Industries Limited (BSE:540693) agreed to acquire Dunnage Bag Private Limited for INR 98 million on March 7, 2024. The acquisition is being done at arm’s length basis and on the basis of Valuation Report of Merchant Banker and Registered valuer. As of FY 2022-23, Dunnage Bag reported a turnover of INR 22.1 million. The board of directors of Shish Industries has approved the transaction and it is expected to close in September 2024. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Independent Director Nareshkumar Lakhani was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 21
Third quarter 2024 earnings released: EPS: ₹0.45 (vs ₹0.26 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.45 (up from ₹0.26 in 3Q 2023). Revenue: ₹252.3m (up 75% from 3Q 2023). Net income: ₹15.3m (up 87% from 3Q 2023). Profit margin: 6.1% (up from 5.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 14
Shish Industries Limited to Report Q3, 2024 Results on Jan 19, 2024 Shish Industries Limited announced that they will report Q3, 2024 results at 3:30 PM, Indian Standard Time on Jan 19, 2024 Announcement • Dec 15
Shish Industries Limited Announces Appointment of Suman Mohanlal Jat as Company Secretary and Compliance Officer Shish Industries Limited at its board meeting held on December 15, 2023. appointed Mrs. Suman Mohanlal Jat as a Company Secretary and Compliance Officer of the Company effective December 15, 2023. Ms. Suman Mohanlal Jat, is an Associate Member of Institute of Companies Secretaries of India, having Membership Number ACS 72738 and possess the requisite qualification as prescribed under the Companies (Appointment and Qualification of Secretary) Rules, 1988. She has passed her CS Professional Examination in August, 2023 and has completed her Management Training from June, 2020 to September, 2022 under PCS Dipesh Mistry, Surat. She has completed her Bachelors of Commerce in the year 2019, from Veer Narmad South Gujarat University, Surat with Second Class. Announcement • Nov 30
Shish Industries Announces Resignation of Vibha Khandelwal as Company Secretary & Compliance Officer, Effective December 1, 2023 Shish Industries Limited informed that the meeting of the Board of Directors of the Company was held on November 30, 2023 in which Board of Directors of the Company took note of resignation of Mrs. Vibha Khandelwal, the Company Secretary and Compliance Officer with effect from closing business hours of November 30, 2023, due to her personal reasons. Further, communicated that the Board of Directors of the Company are in search of right candidate for the post of Company Secretary and Compliance officer of the Company. Meanwhile, Mr. Nishit Lakhani, Chief financial Officer of the Company shall be designated as Compliance officer under Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations) and he shall also be responsible to handle Investor grievances/Complaints of the Company until the position of Company Secretary of the Company gets filled. Date of cessation (as applicable) and term of appointment: December 1, 2023. Reported Earnings • Oct 20
Second quarter 2024 earnings released: EPS: ₹0.53 (vs ₹0.65 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.53 (down from ₹0.65 in 2Q 2023). Revenue: ₹205.3m (up 14% from 2Q 2023). Net income: ₹18.2m (down 12% from 2Q 2023). Profit margin: 8.8% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 13
Shish Industries Limited to Report Q2, 2024 Results on Oct 18, 2023 Shish Industries Limited announced that they will report Q2, 2024 results on Oct 18, 2023 Announcement • Sep 06
Shish Industries Limited announced that it expects to receive INR 8.1575 million in funding Shish Industries Limited announced a private placement to issue 815,750 Equity Shares at an issue price of INR 10 per share for the gross proceeds of INR 8,157,500 on September 5, 2023. The transaction has been approved by the shareholders and is subject to the approval of the Shareholders of the Company and applicable regulatory authorities as the case may be. The tranaction will include participation from individual investors Satishkumar Dayabhai Maniya for 332,250 shares, Rameshbhai Virjibhai Kakadiya for 332,250 shares, Sonal Janakkumar Kheni for 48,200 shares, Krutika Ankur Choksi for 10,000 shares and Kalpesh Devjibhai Patel, Namrata Kalpesh Patel, Keyur, Rajendrabhai Desai and Pankita Keyur Desai of TAPEPLAST INDUSTRIES for 93,050 shares. Reported Earnings • Jul 18
First quarter 2024 earnings released: EPS: ₹1.42 (vs ₹1.54 in 1Q 2023) First quarter 2024 results: EPS: ₹1.42. Revenue: ₹187.1m (up 7.2% from 1Q 2023). Net income: ₹15.9m (up 1.3% from 1Q 2023). Profit margin: 8.5% (down from 9.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Jul 12
Shish Industries Limited to Report Q1, 2024 Results on Jul 17, 2023 Shish Industries Limited announced that they will report Q1, 2024 results on Jul 17, 2023 Announcement • Jun 22
Shish Industries Limited, Annual General Meeting, Jul 20, 2023 Shish Industries Limited, Annual General Meeting, Jul 20, 2023, at 17:00 Indian Standard Time. Location: Park Inn by Radisson, Beside Sumerru Business Corner, Lane of Rajhans Theatre, Pal, Surat, 395009, Surat India Reported Earnings • May 03
Full year 2023 earnings released: EPS: ₹6.42 (vs ₹2.61 in FY 2022) Full year 2023 results: EPS: ₹6.42 (up from ₹2.61 in FY 2022). Revenue: ₹703.3m (up 41% from FY 2022). Net income: ₹67.8m (up 156% from FY 2022). Profit margin: 9.6% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 164% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹259, the stock trades at a trailing P/E ratio of 50.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 1,168% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹215, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 953% over the past three years. Reported Earnings • Jan 18
Third quarter 2023 earnings released: EPS: ₹0.78 (vs ₹0.24 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.78 (up from ₹0.24 in 3Q 2022). Revenue: ₹150.7m (up 71% from 3Q 2022). Net income: ₹8.18m (up 239% from 3Q 2022). Profit margin: 5.4% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 11
Shish Industries Limited to Report Q3, 2022 Results on Jan 17, 2023 Shish Industries Limited announced that they will report Q3, 2022 results on Jan 17, 2023 Reported Earnings • Oct 21
Second quarter 2023 earnings released: EPS: ₹1.96 (vs ₹0.48 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.96 (up from ₹0.48 in 2Q 2022). Revenue: ₹186.6m (up 41% from 2Q 2022). Net income: ₹20.6m (up 322% from 2Q 2022). Profit margin: 11% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
Shish Industries Limited to Report Q2, 2023 Results on Oct 17, 2022 Shish Industries Limited announced that they will report Q2, 2023 results on Oct 17, 2022 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 17% share price gain to ₹225, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 1,274% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₹263, the stock trades at a trailing P/E ratio of 73x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 1,508% over the past three years. Reported Earnings • Jul 25
First quarter 2023 earnings released: EPS: ₹1.54 (vs ₹0.42 in 1Q 2022) First quarter 2023 results: EPS: ₹1.54 (up from ₹0.42 in 1Q 2022). Revenue: ₹182.4m (up 52% from 1Q 2022). Net income: ₹15.7m (up 273% from 1Q 2022). Profit margin: 8.6% (up from 3.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 24
Shish Industries Limited, Annual General Meeting, Sep 17, 2022 Shish Industries Limited, Annual General Meeting, Sep 17, 2022, at 11:00 Indian Standard Time. Announcement • Jul 15
Shish Industries Limited to Report Q1, 2023 Results on Jul 23, 2022 Shish Industries Limited announced that they will report Q1, 2023 results on Jul 23, 2022 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₹185, the stock trades at a trailing P/E ratio of 73.6x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 917% over the past three years. Announcement • Jun 01
Shish Industries Limited Approves Executive Changes Shish Industries Limited at its board meeting held on May 31, 2022 took note of resignation of Mrs. Payal Rishabh Shah, the Company Secretary and Compliance Officer with effect from closing business hours of May 31, 2022, due to her personal reasons; and appointed Mrs. Vibha Khandelwal as a Company Secretary and Compliance Officer of the company with effect from June 1, 2022. Mrs. Vibha Khandelwal, is an Associate Member of Institute of Companies Secretaries of India, having Membership Number ACS68766 and possess the requisite qualification as prescribed under the Companies (Appointment and Qualification of Secretary) Rules, 1988. She has passed her CS Professional Examination In June, 2021 and has completed her Management Training from August 2015 to November 2016 from M/s. Yaduka Agrotech Private Limited, Kolkata (West Bengal) . She has completed her Bachelors of Commerce in the year 2008 from Bhawanipore College, Calcutta University with First Class and has qualified Chartered Accountant Inter Examination in the year 2010, from lCAl. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 26% share price gain to ₹130, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 613% over the past three years. Reported Earnings • May 02
Full year 2022 earnings released: EPS: ₹2.61 (vs ₹1.33 in FY 2021) Full year 2022 results: EPS: ₹2.61 (up from ₹1.33 in FY 2021). Revenue: ₹509.9m (up 80% from FY 2021). Net income: ₹26.5m (up 98% from FY 2021). Profit margin: 5.2% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
Shish Industries Limited Announces Executive Changes Board of Directors of Shish Industries Limited in their Board Meeting held on April 30, 2022 approved the resignation of Mr. Devendra Dineshchandra Tailor from the post of Chief Financial Officer of the Company with effect from May 1, 2022 who has tendered resignation due to his personal reasons. At the same meeting board also approved the appointment of Mr. Nishit Rameshbhai Lakhani as Chief Financial Officer of the Company with effect from May 1, 2022. Mr. Nishit Rameshbhai Lakhani is a finance professional wiLh nearly 17 years of rich experience in Accounts, Taxation, Finance, Logistics, Customs and Warehousing & Sales. He has knowledge of Accounting and Taxation Laws with regard to compliance with the government laws. Announcement • Apr 24
Shish Industries Limited to Report Q4, 2022 Results on Apr 30, 2022 Shish Industries Limited announced that they will report Q4, 2022 results on Apr 30, 2022 Announcement • Mar 10
Shish Industries Limited announced that it expects to receive INR 30.6441 million in funding Shish Industries Limited announced a private placement of 431,000 common shares at a price of INR 71.10 per share including a premium of INR 61.10 per equity share for gross proceeds of INR 30,644,100 on March 8, 2022. The shares carry a par value of INR 10 per share. The transaction will include participation from the promoters of the company. The company will issue the securities on preferential allotment basis. The transaction was approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₹86.20, the stock trades at a trailing P/E ratio of 53.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 336% over the past three years. Reported Earnings • Jan 19
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.24 (down from ₹0.57 in 3Q 2021). Revenue: ₹88.2m (up 7.3% from 3Q 2021). Net income: ₹2.41m (down 33% from 3Q 2021). Profit margin: 2.7% (down from 4.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 19% share price gain to ₹74.40, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 379% over the past three years. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹0.42 (vs ₹0.42 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹119.9m (up 244% from 1Q 2021). Net income: ₹4.21m (up 128% from 1Q 2021). Profit margin: 3.5% (down from 5.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹55.95, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 262% over the past three years. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS ₹2.13 (vs ₹0.99 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹290.8m (up 82% from FY 2020). Net income: ₹13.4m (up 38% from FY 2020). Profit margin: 4.6% (down from 6.1% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₹88.70, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 529% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹73.80, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 490% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 21% share price gain to ₹42.30, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 17x in the Chemicals industry in India. Total returns to shareholders of 272% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 20% share price gain to ₹30.10, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 16x in the Chemicals industry in India. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹24.50, the stock is trading at a trailing P/E ratio of 17.2x, down from the previous P/E ratio of 21x. This compares to an average P/E of 17x in the Chemicals industry in India. Total returns to shareholders over the past three years are 89%. Is New 90 Day High Low • Feb 20
New 90-day low: ₹24.50 The company is down 3.0% from its price of ₹25.36 on 20 November 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Announcement • Jan 09
Shish Industries Limited Announces Change in Directorate The Board of Directors of Shish Industries Limited, in their Meeting held on January 8, 2021 has appointed Mr. Nareshkumar Parshottambhai Lakhani as an Additional (Non-Executive Independent) Director of the Company with effect from January 8, 2021. By Profession, Mr. Nareshkumar Parshottambhai Lakhani is Practicing Chartered Accountant. He has experience of almost 15 years in the field of Account, Finance and taxation. Moreover, Mr. Nareshkumar Parshottambhai Lakhani is providing consultancy to various client for Project Finance, Consortium Finance and management consultancy. The board also reconstituted the Audit Committee of the Board of Directors by inducting Mr. Nareshkumar Parshottambhai Lakhani as Member of the Committee. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹34.90, the stock is trading at a trailing P/E ratio of 24.6x, down from the previous P/E ratio of 29.1x. This compares to an average P/E of 19x in the Chemicals industry in India. Total returns to shareholders over the past three years are 178%. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 19% share price gain to ₹41.75, the stock is trading at a trailing P/E ratio of 29.4x, up from the previous P/E ratio of 24.6x. This compares to an average P/E of 17x in the Chemicals industry in India. Total returns to shareholders over the past three years are 236%. Is New 90 Day High Low • Dec 21
New 90-day high: ₹41.75 The company is up 91% from its price of ₹21.82 on 18 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: ₹35.00 The company is up 67% from its price of ₹20.91 on 11 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: ₹34.50 The company is down 27% from its price of ₹47.00 on 01 September 2020. The Indian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 29
New 90-day high: ₹67.00 The company is up 46% from its price of ₹46.00 on 31 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 20% share price gain to ₹67.00, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 17.9x. This compares to an average P/E of 16x in the Chemicals industry in India. Total returns to shareholders over the past three years are 140%. Is New 90 Day High Low • Nov 27
New 90-day high: ₹67.00 The company is up 37% from its price of ₹49.00 on 28 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Oct 27
Market bids up stock over the past week After last week's 18% share price gain to ₹58.50, the stock is trading at a trailing P/E ratio of 18.7x, up from the previous P/E ratio of 15.8x. This compares to an average P/E of 15x in the Chemicals industry in India. Total returns to shareholders over the past three years are 122%. Reported Earnings • Oct 21
First half earnings released Over the last 12 months the company has reported total profits of ₹13.8m, up 64% from the prior year. Total revenue was ₹183.1m over the last 12 months, up 24% from the prior year. Announcement • Sep 01
Shish Industries Limited announced a financing transaction Shish Industries Limited (BSE:540693) announced a private placement of 152,767 shares of par value INR 10 on July 24, 2020. The transaction will include participation from Satishkumar Dayabhai Maniya for 52,772 shares and Rameshbhai Virjibhai Kakadiya for 99,995 shares. The company is issuing shares on a preferential basis which are subject to lock-up period. The transaction has been approved by board of directors of the company and is still subject to the approval of the shareholders of the company and applicable regulatory authorities.
On July 28, 2020, the company announced that the shares that are being issued will be subject to a lock-up period of 3 years from the closing. Post to the transaction, Satishkumar Dayabhai Maniya and Rameshbhai Virjibhai Kakadiya will hold 34.64% and 34.85% stake respectively in the company.