Shish Industries

What does Shish Industries do?

Shish Industries Ltd is a micro-cap company in the plastic products industry, focusing on industrial applications, with net sales of 36 Cr and a net profit of 2 Cr as of March 2025. The company has a market cap of Rs 304 Cr and key financial metrics include a P/E ratio of 34.00 and a debt-equity ratio of 0.32.

Overview:<BR>Shish Industries Ltd operates in the plastic products industry, specifically focusing on industrial applications, and is categorized as a micro-cap company.<BR><BR>History:<BR>Shish Industries Ltd was originally formed as a partnership firm on July 5, 2012, and underwent a change in its constitution on September 15, 2012. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 36 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 2 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 304 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 34.00<BR>- Industry P/E: 41<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.32<BR>- Return on Equity: 8.62%<BR>- Price to Book: 2.97<BR><BR>Contact Details:<BR>Address: TP No 4 RS No 11 Paiki 12-13 B, Paiki plot C 1st Floor Varachh Surat Gujarat : 395006<BR>Email: compliance@shishindustries.com<BR>Website: http://www.shishindustries.com

What is the bonus history of the Shish Industries?

Shish Industries' recent bonus history includes a 2:1 bonus announced on July 28, 2023, and a 6:5 bonus issued on December 1, 2020. This demonstrates the company's commitment to rewarding shareholders with bonus shares.

Shish Industries has a notable bonus history. The most recent bonus issue was a 2:1 bonus, which was announced with an ex-date of July 28, 2023. Prior to that, the company issued a bonus of 6:5 on December 1, 2020, with a record date of December 2, 2020. This reflects the company's approach to rewarding shareholders through bonus shares over the past few years.

Has Shish Industries declared dividend?

No Dividend History Available

Who are the peers of the Shish Industries?

Shish Industries' peers include Supreme Inds., Astral, Finolex Inds., Garware Hi Tech, Shaily Engineer., Kaka Industries, Captain Pipes, Ecoplast, Tainwala Chem., and Caprihans India. Shish Industries has average management risk and growth, with a 1-year return of -42.01%, lower than its peers.

Peers: The peers of Shish Industries are Supreme Inds., Astral, Finolex Inds., Garware Hi Tech, Shaily Engineer., Kaka Industries, Captain Pipes, Ecoplast, Tainwala Chem., and Caprihans India.<BR><BR>Quality Snapshot: Excellent management risk is observed at Supreme Inds. and the rest. Good management risk is found at Astral, Finolex Inds., Shaily Engineer., Kaka Industries, and Captain Pipes. Average management risk is noted at Garware Hi Tech and Ecoplast, while Shish Industries has Average management risk. Below Average management risk is seen at Tainwala Chem. Regarding growth, Excellent growth is exhibited by Kaka Industries, while Good growth is found at Astral, Shaily Engineer., and Shish Industries. Average growth is observed at Supreme Inds., Garware Hi Tech, and Captain Pipes, with Below Average growth at Finolex Inds. and Ecoplast, and the rest. Below Average growth is also noted at Tainwala Chem. For capital structure, Excellent capital structure is seen at Supreme Inds., Astral, Finolex Inds., and Garware Hi Tech, while Good capital structure is found at Shaily Engineer., Shish Industries, and Captain Pipes. Below Average capital structure is noted at Kaka Industries, Ecoplast, Tainwala Chem., and Caprihans India.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Garware Hi Tech at 156.95%, while the lowest is Finolex Inds. at -34.74%. Shish Industries has a 1-year return of -42.01%, which is lower than both. Additionally, Kaka Industries, Captain Pipes, and Tainwala Chem. have negative six-month returns.

What is the technical trend for Shish Industries?

As of June 3, 2025, Shish Industries is in a bearish trend with moderate strength, indicated by bearish daily moving averages, consistent bearish Bollinger Bands, and mixed momentum signals from the MACD and RSI.

As of 3 June 2025, the technical trend for Shish Industries has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish signal from the daily moving averages and consistent bearish readings from both the weekly and monthly Bollinger Bands. The MACD shows a mildly bullish signal on the weekly but is bearish on the monthly, indicating mixed momentum. The RSI on the weekly shows no signal while being bullish on the monthly, further contributing to the overall bearish outlook. Additionally, the Dow Theory indicates a mildly bearish trend on both weekly and monthly time frames. Overall, the combination of these indicators suggests a bearish sentiment in the market for Shish Industries.

Who are in the management team of Shish Industries?

As of March 2023, the management team of Shish Industries includes Satishkumar Maniya (Chairman & Managing Director), Rameshbhai Kakdiya (Whole-time Director), Nitaben Maniya (Executive Director), and three Independent Directors: Rajesh Mepani, Nareshkumar Lakhani, and Rasik Bharodia. They oversee the company's operations and strategic direction.

As of March 2023, the management team of Shish Industries includes:<BR><BR>1. Satishkumar Maniya - Chairman & Managing Director<BR>2. Rameshbhai Kakdiya - Whole-time Director<BR>3. Nitaben Maniya - Executive Director<BR>4. Rajesh Mepani - Independent Director<BR>5. Nareshkumar Lakhani - Independent Director<BR>6. Rasik Bharodia - Independent Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Who are the top shareholders of the Shish Industries?

The top shareholders of Shish Industries are Rameshbhai Virjibhai Kakadiya with 32.63%, followed by public shareholder Viral Alpeshkumar Shah at 3.67%, and individual investors holding a combined 23.84%. There are no mutual funds or foreign institutional investors involved.

The top shareholders of Shish Industries include Rameshbhai Virjibhai Kakadiya, who is the promoter with the highest holding at 32.63%. The highest public shareholder is Viral Alpeshkumar Shah, holding 3.67%. Additionally, individual investors collectively hold 23.84% of the company's shares. There are currently no mutual funds or foreign institutional investors involved in the shareholding.

How big is Shish Industries?

As of 24th July, Shish Industries Ltd has a market capitalization of 292.00 Cr, with recent net sales of 116.26 Cr and a net profit of 8.74 Cr. The balance sheet for March 2024 shows shareholder's funds of 59.92 Cr and total assets of 86.04 Cr.

As of 24th July, Shish Industries Ltd has a market capitalization of 292.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Shish Industries reported Net Sales of 116.26 Cr and a Net Profit of 8.74 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 59.92 Cr and Total Assets of 86.04 Cr.

When is the next results date for Shish Industries?

The next results date for Shish Industries is 12 August 2025.

The next results date for Shish Industries is scheduled for 12 August 2025.

Are Shish Industries latest results good or bad?

Shish Industries' latest results show strong sales growth of 43.56% to Rs 33.12 crore, but a concerning 64.47% decline in profit before tax to Rs 0.97 crore, with 70.87% of that profit coming from non-operating activities, indicating potential issues with core business sustainability. Overall, the results are mixed, highlighting both positive sales and troubling profitability concerns.

Shish Industries' latest results present a mixed picture. On the positive side, the company achieved net sales of Rs 33.12 crore, which is a remarkable year-on-year growth of 43.56%. This indicates strong demand for its products and improved sales performance.<BR><BR>However, there are significant concerns as well. The profit before tax (PBT), excluding other income, has sharply declined by 64.47% year-on-year, falling to Rs 0.97 crore. Additionally, a troubling aspect is that a substantial 70.87% of the PBT came from non-operating activities, which raises questions about the sustainability of its core business operations.<BR><BR>Overall, while the sales growth is a positive sign, the decline in profitability and reliance on non-operating income suggest that the company's financial health may not be as strong as it appears. Therefore, the results can be seen as somewhat concerning despite the sales growth.

How has been the historical performance of Shish Industries?

Shish Industries has experienced significant growth in net sales, increasing from 28.28 Cr in Mar'21 to 116.25 Cr in Mar'25, with operating profit rising from 2.23 Cr to 15.03 Cr during the same period. However, cash flow from operating activities has been negative, despite overall profitability and asset growth.

Answer:<BR>The historical performance of Shish Industries shows significant growth in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Shish Industries has demonstrated a strong upward trend in net sales, increasing from 28.28 Cr in Mar'21 to 116.25 Cr in Mar'25. The total operating income has followed a similar trajectory, reaching 116.25 Cr in Mar'25, up from 28.28 Cr in Mar'21. The company's total expenditure has also risen, from 26.05 Cr in Mar'21 to 104.82 Cr in Mar'25, reflecting increased costs associated with raw materials and other operating expenses. Operating profit (PBDIT) has improved significantly, climbing from 2.23 Cr in Mar'21 to 15.03 Cr in Mar'25, although the operating profit margin has fluctuated, peaking at 13.1% in Mar'23 before dropping to 9.83% in Mar'25. Profit before tax reached 7.92 Cr in Mar'25, while profit after tax was recorded at 5.97 Cr. The company's total assets have expanded from 17.08 Cr in Mar'21 to 149.19 Cr in Mar'25, with total liabilities also increasing from 17.08 Cr to 149.19 Cr during the same period. Cash flow from operating activities has been negative in recent years, indicating challenges in cash generation, despite a positive cash flow from financing activities of 47 Cr in Mar'25. Overall, Shish Industries has shown robust growth in sales and profitability, alongside increasing asset and liability levels.

Is Shish Industries overvalued or undervalued?

As of December 3, 2025, Shish Industries is considered overvalued with a high PE ratio of 37.43 and has underperformed year-to-date with a return of -32.82%, suggesting investors should be cautious before investing at its current price of 8.80.

As of 3 December 2025, the valuation grade for Shish Industries has moved from fair to expensive. The company is currently overvalued, as indicated by its high PE ratio of 37.43, an EV to EBIT ratio of 41.85, and an EV to EBITDA ratio of 26.57. In comparison to its peers, Supreme Industries has a PE ratio of 49.49, while Finolex Industries, which is considered fairly valued, has a PE ratio of 22.26, highlighting the premium at which Shish Industries is trading.<BR><BR>Despite recent fluctuations, Shish Industries has underperformed significantly year-to-date with a return of -32.82% compared to the Sensex's 8.92%. This performance, combined with its elevated valuation ratios, suggests that investors may want to exercise caution before investing in Shish Industries at its current price of 8.80.

Should I buy, sell or hold Shish Industries?

Why is Shish Industries Ltd falling/rising?

As of 02-Feb, Shish Industries Ltd's stock price is declining at 13.20, down 1.93%. The stock has underperformed significantly in the short term, with a 25.34% drop over the last month, amid decreased investor participation and market challenges.

As of 02-Feb, Shish Industries Ltd is experiencing a decline in its stock price, currently at 13.20, which reflects a change of -0.26 or -1.93%. This downward movement can be attributed to several factors highlighted in the recent performance data. Over the past week, the stock has underperformed significantly, with a decrease of -8.65%, while the benchmark Sensex has seen a slight increase of +0.16%. <BR><BR>In the last month, the stock has dropped by -25.34%, contrasting with the Sensex's decline of only -4.78%. Year-to-date, Shish Industries Ltd has fallen by -28.26%, compared to a smaller decline of -4.17% in the Sensex. Although the stock has shown positive performance over the longer term, with a +21.32% increase over the past year and impressive gains over three and five years, the current short-term trends indicate a significant downturn.<BR><BR>Today's performance also reveals that the stock has underperformed its sector by -2.63%. Additionally, there is a notable decrease in investor participation, with delivery volume falling by -28.55% compared to the five-day average. This decline in trading activity suggests a lack of confidence among investors, contributing to the stock's downward trajectory. <BR><BR>Despite the company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.50 times, the immediate market conditions and performance metrics suggest that Shish Industries Ltd is currently facing challenges that are leading to its falling stock price.

Which are the latest news on Shish Industries?