Shaily Engineering Plastics Limited: history, ownership, mission, how it works & makes money

A Brief History of Shaily Engineering Plastics Limited

Shaily Engineering Plastics Limited, established in 1989, has evolved as a prominent player in the manufacturing of engineering plastics. Over its history, the company has steadily expanded its operational capabilities and product range, catering to various sectors including automotive, consumer goods, and electronics.

In the initial years, Shaily focused on producing plastic components using injection molding technology. By the mid-1990s, the company achieved significant milestones, including the introduction of new production lines and the development of specialized products designed for specific industrial applications. This growth trajectory was supported by strategic investments in technology and skilled labor.

By 2000, Shaily began to establish joint ventures and collaborations with international firms, enhancing its technological prowess and market reach. This period saw an increase in export activities, with Shaily enhancing its presence in global markets, notably in Europe and North America.

In terms of financial performance, for the fiscal year ending March 2023, Shaily Engineering Plastics Limited reported a total revenue of ₹425 crores, reflecting an increase of 15% year-on-year. The net profit for the same period was approximately ₹32 crores, showing a significant growth from the previous year’s net profit of ₹28 crores.

The company has also undertaken initiatives to enhance its sustainability practices. By 2023, Shaily reported that almost 30% of its energy consumption came from renewable sources, a commitment towards reducing its carbon footprint.

In the automotive sector, Shaily Engineering has become a key supplier for major manufacturers, providing components that meet rigorous industry standards. The company has been certified with ISO 9001:2015 and IATF 16949, which highlights its dedication to quality and excellence in manufacturing processes.

As part of its growth strategy, Shaily Engineering Plastics Limited has announced plans to invest an additional ₹50 crores over the next two years for technological upgrades and expansion of its production capacity. This move is expected to bolster its market position and enhance operational efficiency.

In 2022, Shaily also launched a new product line targeting the electronics market, which is anticipated to contribute significantly to the company’s overall revenue in the coming years. The launch was supported by a research and development budget increase of 20%.

The company's stock performance has reflected its growth trajectory. As of October 2023, the share price of Shaily Engineering Plastics Limited stood at ₹305, with a market capitalization of approximately ₹1,250 crores. The stock has shown a year-to-date appreciation of 25%, outperforming the broader market indices.

Shaily's commitment to innovation, expansion into new markets, and focus on sustainability positions it well for future growth. As the demand for engineering plastics continues to rise, Shaily Engineering Plastics Limited remains poised to capitalize on these emerging opportunities.

A Who Owns Shaily Engineering Plastics Limited

Shaily Engineering Plastics Limited, established in 1988, is a leading manufacturer of engineering plastics and components in India. As of the latest available data in October 2023, the company's ownership structure consists of various stakeholders, including individual promoters, institutional investors, and retail shareholders.

The largest individual shareholders include members of the Shaily family, who play a significant role in the management and growth of the company. For instance, as per the latest stock exchange filings, personal holdings account for approximately 15.00% of the total outstanding shares.

As reported in the company's latest quarterly earnings on September 30, 2023, Shaily Engineering Plastics Limited recorded a total revenue of approximately ₹150 crore, showcasing a year-on-year growth of 20%. This growth reflects the company’s continued investment in R&D and expansion of its product offerings, catering to diverse industries such as automotive, consumer goods, and healthcare.

The company’s market capitalization currently stands at about ₹2,000 crore, with its shares traded on the Bombay Stock Exchange (BSE) under the ticker symbol SHAILYENG. The stock has seen a price increase of 30% over the past year, indicating robust investor confidence.

In terms of governance, Shaily Engineering Plastics Limited operates with a board comprising experienced professionals from various fields, contributing to strategic decision-making. Institutional investors play a crucial role in corporate governance, often advocating for best practices to enhance shareholder value.

The company has also been proactive in maintaining transparency with its shareholders, regularly updating them about future plans and performance through investor presentations and reports.

Shaily Engineering Plastics Limited Mission Statement

Shaily Engineering Plastics Limited, listed on the Bombay Stock Exchange (BSE) under the ticker SHAILY, focuses on providing high-quality, specialized engineering plastic products. Their mission statement emphasizes their commitment to innovation, quality, and sustainable development across various sectors such as automotive, consumer goods, and industrial applications.

The company aims to enhance customer satisfaction by delivering superior-quality products. This mission is reflected in their operational strategy, which prioritizes research and development. In the fiscal year 2022-2023, Shaily reported a R&D expenditure of approximately INR 1.5 crore, showcasing their dedication to innovation.

Shaily's mission also includes a strong emphasis on sustainability. The company aims to minimize environmental impact while ensuring operational efficiency. Their recent sustainability report highlighted that they reduced waste generation by 25% over the last year, aligning with global sustainability practices.

Core Values

• Quality Assurance: Commitment to maintaining the highest product standards.
• Innovation: Continuous improvement through research and development.
• Customer Focus: Prioritizing the needs and satisfaction of customers.
• Sustainability: Implementing eco-friendly practices in operations.
• Integrity: Building trust through transparency in business dealings.

Financial Overview

For the fiscal year ending March 31, 2023, Shaily Engineering Plastics recorded significant financial metrics:

The company's robust performance reflects its adherence to its mission. With the current market trends highlighting a preference for sustainable and high-quality engineered plastics, Shaily is well-positioned to capitalize on these opportunities.

Shaily's mission statement is not just a formal declaration; it is an actionable framework guiding the company's strategic initiatives. This framework allows them to navigate challenges while emphasizing long-term growth and value creation for stakeholders.

Market Position

As of October 2023, Shaily Engineering Plastics has gained a strong foothold in both domestic and international markets. Their product portfolio includes advanced plastic components widely used in automotive manufacturing, which has contributed to approximately 40% of their total sales in FY 2022-2023.

Additionally, Shaily has seen a surge in demand for its engineering plastics in consumer electronics, driven by the increasing trend toward lightweight and durable materials. This segment alone has grown by 30% year-over-year, reflecting the efficacy of their mission-driven approach.

Driven by its mission, Shaily Engineering Plastics Limited continues to pursue product innovation, ensuring they meet the evolving demands of their client base while adhering to sustainable practices. With this strategic direction, the company aims to maintain its competitive edge in the engineering plastics market.

How Shaily Engineering Plastics Limited Works

Shaily Engineering Plastics Limited is a leading player in the manufacturing of engineering plastics and components, primarily serving the automotive, consumer goods, and electrical sectors. The company operates from its manufacturing facilities located in Gujarat, India, and has established a strong foothold both domestically and internationally.

In the fiscal year 2022-2023, Shaily Engineering reported total revenues of ₹***** million, marking a growth of **28%** compared to the previous year. The company achieved a net profit of ₹***** million, reflecting a profit margin of **10%**. The increase in revenue was attributed to higher demand in the automotive sector, which constitutes around **60%** of their business.

Shaily's production capabilities include injection molding, extrusion, and blow molding technologies. The company focuses on high-quality and precision-engineered plastic parts, which are vital for applications in various industries. It employs approximately **2,000** people, ensuring skilled labor is available for its sophisticated manufacturing processes.

As per its latest financial release, the company had a gross margin of **30%** and an operating margin of **15%**. The EBITDA for the same period was reported at ₹***** million, indicating a solid operational efficiency.

Furthermore, Shaily Engineering has made significant investments in research and development, focusing on innovative plastic solutions. The R&D expenditure accounted for approximately **5%** of total revenues in FY 2022-23. The company has a commitment to sustainability, implementing eco-friendly practices that have reduced its carbon footprint by **20%** over the past five years.

The company’s product portfolio includes automotive components like dashboards, interior parts, and exterior trims. For consumer goods, it manufactures containers, kitchenware, and other plastic items. With a strong focus on quality control, Shaily Engineering has earned ISO 9001:2015 certification, ensuring compliance with international standards.

In terms of market presence, Shaily Engineering exports to over **15** countries, contributing nearly **25%** of its total revenue. Major export markets include the USA, Europe, and Southeast Asia. The company is also expanding its presence in emerging markets to tap into new growth opportunities.

Shaily Engineering’s stock is listed on the Bombay Stock Exchange (BSE) under the ticker symbol "SHAILY," with a market capitalization of approximately ₹***** million as of October 2023. The stock price has seen a growth of **35%** in the last year, demonstrating strong investor confidence.

Overall, Shaily Engineering Plastics Limited operates with a well-defined strategy focusing on innovation, quality, and global expansion. The company’s ability to adapt to market demands while maintaining robust financial health positions it favorably for future growth.

How Shaily Engineering Plastics Limited Makes Money

Shaily Engineering Plastics Limited (SEPL) operates primarily in the plastic engineering segment, focusing on manufacturing high-precision plastic parts. The company generates revenue through diverse sectors including automotive, consumer goods, and industrial applications.

In the financial year 2022-2023, Shaily Engineering reported a significant increase in revenue, achieving a total turnover of ₹ 454.39 crore, compared to ₹ 375.56 crore in 2021-2022, reflecting a growth of approximately 20.9%.

The company’s profitability is also notable. For the year ended March 31, 2023, Shaily Engineering recorded a net profit of ₹ 31.87 crore, a substantial rise from ₹ 22.83 crore in the previous fiscal year, marking an increase of about 39.6%.

Shaily's revenue generation can be attributed to several key segments:

• Automotive Parts
• Consumer Durables
• Industrial Components
• Medical Devices

The following table outlines the revenue contribution from each segment:

Shaily Engineering benefits from strategic partnerships with leading companies in the automotive and consumer goods sectors, enhancing their market reach. They have also invested in advanced manufacturing technologies, which has improved efficiency and reduced production costs.

Moreover, the company's focus on research and development (R&D) has led to the introduction of new products, contributing to their expanding market share. For instance, in 2023, Shaily launched several innovative products, resulting in a 12% increase in their product portfolio.

As of the latest quarter ending June 30, 2023, Shaily Engineering reported a consolidated revenue of ₹ 118.44 crore, showing a year-on-year growth rate of 18.5%. Their EBITDA margin has improved to 13.5% from 12.1% in the corresponding quarter of the previous year.

In terms of geographical distribution, Shaily Engineering generates a sizable portion of its revenue from international markets. In FY 2022-2023, approximately 30% of its total revenue was derived from exports, primarily to North America and Europe.

In summary, Shaily Engineering Plastics Limited capitalizes on diverse segments, strategic partnerships, innovative product development, and international market expansion to drive its revenue and profitability, positioning itself as a key player in the plastic manufacturing sector.