SHILCTECHCapital Goods

Shilchar Technologies Limited

Heavy Electrical Equipment · ISIN INE024F01011 · BSE 531201 · NSE EQ · FV ₹10
Last price
₹3,619
+0.62%today
What this company does

Shilchar Technologies Limited operates in Heavy Electrical Equipment, part of the Capital Goods sector. It booked ₹193 cr of revenue in its latest quarter (Q2 FY27) and kept 17.1% of sales as profit.

81out of 100
Equitytale Health Score
Fortress

Healthier than 81% of companies in Capital Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 121–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns85

How much profit it earns on the money it employs

Balance sheet97

How much it owes, and whether earnings cover the interest

Cash quality64

Whether reported profit actually arrives as cash

Valuation57

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 17% net margin
✓ Promoters hold 62%
✓ No promoter shares pledged
✓ Strong 25% return on equity
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in SHILCTECH?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,619▲ +0.62%
latest close · 2026-11-04
52-wk low ₹3,45174 sessions so far52-wk high ₹4,750
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio31.4High
LowAverageHigh
P/B ratio7.81High
Below bookModerateHigh
EV / EBITDA22.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.9%Strong
WeakFairStrong ▸15%
Return on capital34.1%Strong
WeakFairStrong
Net margin17.1%Strong
ThinDecentStrong
EBITDA margin24.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover475.9×Strong
RiskyOkayStrong ▸5×
Current ratio4.30Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹4,141 cr
Book value
₹464
EPS
₹28.83
latest quarter
Net debt
₹-3 cr
more cash than debt
Enterprise value
₹4,138 cr
EBITDA
₹187 cr
annualised
EBIT
₹183 cr
annualised
Operating margin
23.8%
Return on assets
19.9%
Earnings yield
3.19%
P/S
5.37
Sales / share
₹673.5
Tax rate
27.8%
Face value
₹10
Shares
1.1 cr
Working capital
₹409 cr
Current assets
₹533 cr
Current liabilities
₹124 cr
Delivery %
47.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹1,309–₹1,309, midpoint ₹1,309

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹193 cr
Other Income₹7 cr
Total Income₹199 cr
Cost of Materials₹136 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹68.5 L
Employee Benefit Expense₹7 cr
Finance Costs₹9.6 L
Depreciation & Amortisation₹1 cr
Other Expenses₹9 cr
Total Expenses₹154 cr
Profit before Tax₹46 cr
Tax Expense₹13 cr
Net Profit₹33 cr
Net margin on total income16.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹136 cr68.3%
Employee benefit expense₹7 cr3.5%
Finance costs₹9.6 L0.0%
Depreciation & amortisation₹1 cr0.5%
Other expenses₹9 cr4.7%
Tax expense₹13 cr6.4%
Profit for the period₹33 cr16.5%
Total income ₹199 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue152 cr135 cr193 cr
Total income158 cr142 cr199 cr
Expenses121 cr114 cr154 cr
Profit before tax37 cr28 cr46 cr
Tax9 cr7 cr13 cr
Net profit (owners' share)28 cr21 cr33 cr
Net margin (owners' share, on revenue)18.7%15.5%17.1%
EPS (₹)24.8218.2428.83
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹662 cr
Shareholder equity
₹530 cr
parent shareholders
Total debt
₹0 cr
Cash
₹3 cr
Cash flow · H1 FY27
Operating
₹12 cr
Investing
₹-9 cr
Financing
₹-22 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,387₹7.53 L cr87.8
ABB India Limited₹6,605₹1.40 L cr94.6
Bharat Heavy Electricals Limited₹400₹1.39 L cr42.4
CG Power and Industrial Solutions Limited₹810₹1.28 L cr77.3
Hitachi Energy India Limited₹27,280₹1.22 L cr103.3
GE Vernova T&D India Limited₹4,050₹1.04 L cr60.1
Siemens Energy India Limited₹2,847₹1.01 L cr57.5
Suzlon Energy Limited₹36₹49,179 cr30.8
Thermax Limited₹3,151₹35,498 cr351.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.35%
trailing 12 months
Dividend / share (TTM)
₹12.5
Last dividend
₹12.5
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹12.5 / share31 Jul 2026
Dividend₹12.5 / share8 Aug 2025
Bonus issue2:16 Jun 2025
Dividend₹12.5 / share2 Aug 2024
Bonus issue1:16 Sep 2023
Dividend₹10 / share17 Aug 2023
Who owns it · 2026-09-30
No pledge
Promoter
62.1%
FII / Foreign
2.6%
DII / Domestic
1.9%
Retail / others
33.4%
Smart-money activity
Bulk / block deals
short— · NSE312 Oct 26
short— · NSE810 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Aug 2026
See the official result
1
Adoption of Audited Financial Statements for the financial year ended on 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
1.37 L votes for, 8 against · 0% of mutual funds and other big investors said no
2
To declare a Dividend on equity shares of the Company for the financial year ended 31st March, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.37 L votes for, 8 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Alay Jitendra Shah (DIN: 00263538), who retires by rotation and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.37 L votes for, 37 against · 0% of mutual funds and other big investors said no
4
Remuneration to the Cost Auditors for the financial year 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
1.37 L votes for, 182 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 62.1% between them · as of 2026-09-30
ALAY JITENDRA SHAH23.68%
SHILPA ALAY SHAH10.54%
AASHAY ALAY SHAH10.34%
AATMAN ALAY SHAH10.34%
ALAY JITENDRA SHAH HUF7.21%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.