Shish Industries

Why is Shish Industries Ltd falling/rising?

As of 11-Jun, Shish Industries Ltd's stock price is declining at 11.42, down 2.39%, with reduced investor participation and negative financial trends, including a 34.35% drop in profit after tax. The stock is underperforming against its sector and trading below key moving averages, indicating a lack of investor interest.

As of 11-Jun, Shish Industries Ltd's stock price is falling, currently at 11.42, reflecting a change of -0.28 (-2.39%). The stock has underperformed the sector by -1.37% today and is trading lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. <BR><BR>Investor participation has also declined, with a delivery volume of 2.44 lacs on 10 June, which is down by 47.4% compared to the 5-day average. This drop in trading activity indicates a lack of interest among investors, contributing to the stock's downward movement.<BR><BR>Financial results have shown negative trends, particularly with a significant decline in profit after tax (PAT) by -34.35% over the latest six months, despite the stock's impressive return of 41.51% over the past year. Additionally, the return on capital employed (ROCE) is at its lowest at 5.22%, and the stock is considered to have an expensive valuation relative to its peers, with a 2.3 enterprise value to capital employed ratio.<BR><BR>Overall, the combination of declining investor participation, negative financial results, and poor performance relative to moving averages suggests that Shish Industries Ltd is experiencing a fall in its stock price.

Which are the latest news on 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 38 Cr and a net profit of 2 Cr as of March 2026. The company was established in 2012 and has a market cap of INR 491 Cr.

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 was originally formed as a partnership firm in 2012, with the initial partnership deed dated July 5, 2012, and a subsequent change in the constitution on September 15, 2012. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 38 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 491 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 66.00 <BR>Industry P/E: 36 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.22 <BR>Return on Equity: 4.05% <BR>Price to Book: 2.66 <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

How big is Shish Industries?

As of 10th June, Shish Industries Ltd has a market capitalization of 491.00 Cr, with Net Sales of 134.40 Cr and a Net Profit of 7.51 Cr reported in the latest four quarters. The company has Shareholder's Funds of 105.77 Cr and Total Assets of 149.19 Cr as of March 2025.

As of 10th June, Shish Industries Ltd has a market capitalization of 491.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Shish Industries reported Net Sales of 134.40 Cr and a Net Profit of 7.51 Cr.<BR><BR>As of March 2025, the company had Shareholder's Funds amounting to 105.77 Cr and Total Assets of 149.19 Cr.

Who are in the management team of Shish Industries?

The management team of Shish Industries includes Satishkumar Maniya (Chairman & Managing Director), Rameshbhai Kakdiya (Whole-time Director), Nitaben Maniya (Executive Director), and independent directors Rajesh Mepani, Nareshkumar Lakhani, and Rasik Bharodia.

The management team of Shish Industries includes the following members:<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>If you need more details about any specific member or their roles, feel free to ask!

Who are the peers of the Shish Industries?

Shish Industries' peers include Jain Irrigation, Jai Corp, All Time Plastic, Premier Polyfilm, Prakash Pipes, Captain Polyplas, Kisan Mouldings, Dhabriya Poly, and Kriti Industries. Management risk varies from excellent at Jai Corp and Prakash Pipes to below average at Jain Irrigation and Kisan Mouldings, with Shish Industries showing average management and growth.

Peers: The peers of Shish Industries are Jain Irrigation, Jai Corp, All Time Plastic, Premier Polyfilm, Prakash Pipes, Captain Polyplas, Kisan Mouldings, Dhabriya Poly., and Kriti Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Jai Corp and Prakash Pipes, while Good management risk is found at Dhabriya Poly. Average management risk is present at All Time Plastic, Shish Industries, Captain Polyplas, and Kriti Industries, and Below Average management risk is noted at Jain Irrigation and Kisan Mouldings. In terms of growth, Good growth is seen at Jain Irrigation and Dhabriya Poly, while Average growth is found at Shish Industries, and Below Average growth is noted at Jai Corp, All Time Plastic, Premier Polyfilm, Captain Polyplas, Kisan Mouldings, and Kriti Industries. For capital structure, Excellent capital structure is held by Jai Corp, Premier Polyfilm, and Prakash Pipes, while Average capital structure is observed at Shish Industries and Dhabriya Poly, and Below Average capital structure is noted at Jain Irrigation, Captain Polyplas, and Kisan Mouldings.<BR><BR>Return Snapshot: Shish Industries has a 1-year return of 43.99%, which is higher than the lowest 1-year return of -52.97% from Jain Irrigation and lower than the highest return of 43.99% from itself. Additionally, the peers with negative six-month returns include Jain Irrigation, Jai Corp, All Time Plastic, Captain Polyplas, and Kriti Industries.

Should I buy, sell or hold Shish Industries Ltd?

Are Shish Industries Ltd latest results good or bad?

Shish Industries Ltd's latest results are concerning, showing record net sales growth but a significant decline in operating margin to -0.26%, indicating unprofitability. The company's reliance on non-operating income for profits raises doubts about its financial sustainability.

Shish Industries Ltd's latest results present a mixed picture, leaning towards negative overall. On one hand, the company achieved record net sales of ₹38.15 crores, which is a 14.36% increase quarter-on-quarter and a 7.43% increase year-on-year. However, this topline growth is overshadowed by significant operational challenges.<BR><BR>The operating margin has collapsed to -0.26%, a stark decline from 12.71% in the previous quarter, indicating that the core business is currently unprofitable. This negative margin suggests serious cost pressures or pricing issues that the management has not effectively addressed. Furthermore, the company's net profit of ₹1.76 crores was heavily reliant on non-operating income, which accounted for an astonishing 7,966.67% of profit before tax. This raises concerns about the sustainability of earnings and the overall health of the business.<BR><BR>Additionally, the interest coverage ratio has fallen to -0.15 times, reflecting the company's inability to cover interest expenses from operational profits. The decline in profitability is further evidenced by a 26.05% decrease in net profit year-on-year.<BR><BR>Overall, while Shish Industries has shown strong revenue growth, the significant deterioration in profitability and reliance on non-core income raises serious questions about its operational viability. Investors should approach the company's prospects with caution, particularly in light of the recent financial trends.

When is the next results date for Shish Industries Ltd?

The next results date for Shish Industries Ltd is 29 May 2026.

The next results date for Shish Industries Ltd is scheduled for 29 May 2026.

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.

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.

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.

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.

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