Shilchar Technologies Ltd

SHILCTECH

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Market Cap

₹ 4,582 Cr

P/E

25.81

Turned 1 L into 63.00 L in last 5 Years

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Shilchar Technologies Limited specializes in manufacturing distribution and power transformers, catering to both domestic and international markets.

The company achieved a remarkable 31% growth in revenue year-on-year for Q2 FY '26, with net profits increasing by 40%, demonstrating strong demand and operational efficiency.

A significant 6,500 MVA capacity expansion project has been announced, making it the largest in the company’s history, funded through internal accruals, signaling confidence in long-term growth prospects.

Despite challenges such as new tariff measures in the United States, the company maintains a positive outlook on export demand, supported by ongoing strong customer engagements.

The company is strategically positioning itself within the renewable energy sector, capitalizing on India's governmental push for 100% electrification and increased renewable capacity.

Sector

Capital Goods - Electrical Equipment

Industry

Electric Equipment - Transformers

Market Cap

4,582 Cr

Volatility

High Risk

P/E Ratio

25.8

Industry P/E

66.8

PEG Ratio

0.2

P/B Ratio

10.9

52W High

6,125.00

52W Low

2,804.01

Sales CAGR

57.01%

51.23%

54.29%

10Y

21.38%

Profit CAGR

59.81%

118.69%

150.20%

10Y

36.22%

ROE

TTM

42.29%

41.58%

36.58%

10Y

31.07%

ROCE

TTM

56.90%

55.22%

48.30%

10Y

40.84%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VOLTAMP	8081.30	8,159 Cr	24.83	4.96	1.24	19.98	26.85	17.29
ATLANTAELE	902.85	6,943 Cr	56.36	8.88	0.00	15.75	18.30	7.61
SHILCTECH	4001.95	4,582 Cr	25.81	10.91	0.21	42.29	56.90	34.71
MARSONS	149.85	2,579 Cr	79.29	18.46	0.00	23.29	22.93	19.45
INDOTECH	1635.00	1,735 Cr	20.60	5.34	0.00	25.94	33.83	16.49
DANISH	640.55	1,261 Cr	21.91	3.94	0.00	19.26	26.84	15.32
MEIL	371.05	1,025 Cr	22.99	1.82	0.00	7.91	12.02	6.54

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	67	106	118	105	107	131	154	232	159	171
Expenses	47	77	86	74	78	90	111	161	106	118
Operating Profit	20	30	32	31	29	41	43	71	52	54
OPM %	29.62	27.92	27.42	29.74	27.56	31.36	28.03	30.73	33.02	31.29
Other Income	2.57	3.63	3.16	3.47	3.39	3.78	4.71	4.59	4.23	9.07
Interest	0.06	0.07	0.03	0.06	0.08	0.11	0.08	0.16	0.10	0.09
Depreciation	0.65	0.64	0.64	0.66	0.69	0.80	0.95	0.98	0.99	1.01
Profit Before Tax	22	33	35	34	32	44	47	75	56	62
Tax %	24.76	25.15	25.11	26.65	25.32	25.29	25.66	25.87	25.32	25.39
Net Profit	16	24	26	25	24	33	35	55	41	46
EPS in Rs	14.32	21.33	22.81	21.87	20.96	28.61	30.39	48.39	24.18	40.15

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	115	88	118	71	118	180	280	397	623	675
Expenses	92	78	104	68	108	161	227	284	438	467
Operating Profit	23	9.90	14	3.05	9.51	19	53	113	185	208
OPM %	20.09	11.25	12.02	4.28	8.07	10.78	18.94	28.55	29.65	30.77
Other Income	3.41	1.15	1.67	2.99	2.39	3.35	8.08	13	16	17
Interest	0.66	1.26	2.80	1.46	2.16	1.07	0.60	0.21	0.44	0.45
Depreciation	1.36	1.16	2.43	2.59	2.51	2.58	2.40	2.60	3.41	3.72
Profit Before Tax	19	8.16	11	1.99	7.23	19	58	123	197	221
Tax %	35.38	28.12	27.43	24.72	23.64	26.55	25.86	25.49	25.60	25.57
Net Profit	12	5.87	7.75	1.50	5.52	14	43	92	147	164
EPS in Rs	10.74	5.13	6.77	1.31	4.79	12.27	37.69	80.32	128.36	143.12
Dividend Payout %	9.31	13.00	9.85	25.45	10.36	10.86	8.84	10.38	6.49	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.81	3.81	3.81	3.81	3.81	3.81	3.81	3.81	7.63	7.63
Reserves	34	46	50	57	57	63	76	118	202	339
Borrowings	0.00	4.08	13	13	12	8.15	17	0.00	0.00	0.00
Other Liabilities	32	30	29	25	30	33	49	56	83	143
Total Liabilities	69	84	96	99	103	107	146	178	292	490
Fixed Assets	18	17	16	41	39	37	35	38	40	58
CWIP	0.00	5.66	22	0.00	0.00	0.00	0.05	0.06	4.53	0.00
Investments	2.70	12	6.03	0.75	0.37	1.60	0.69	7.59	21	54
Other Assets	49	49	52	57	64	69	110	132	227	377
Total Assets	69	84	96	99	103	107	146	178	292	490

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	7.77	12	4.83	0.54	5.83	10	-6.45	39	76	40
Cash from Investing Activity	-3.29	-16	-11	1.33	-0.06	-1.26	-0.87	-12	-23	-48
Cash from Financing Activity	-7.05	3.19	6.55	-2.25	-4.28	-9.64	6.06	-19	-29	4.57
Net Cash Flow	-2.57	-0.51	0.14	-0.38	1.48	-0.52	-1.25	8.54	25	-3.64

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Nov 2025
Promoters	65.85%	65.85%	65.85%	64.01%	64.01%	64.01%	64.01%	64.01%	64.01%	64.01%	64.01%	62.12%
FIIs	1.89%	0.59%	1.00%	3.17%	3.54%	3.08%	3.22%	2.30%	2.06%	2.06%	2.73%	2.80%
DIIs	0.52%	0.52%	0.53%	0.53%	0.53%	0.54%	0.56%	0.64%	0.64%	0.12%	0.34%	1.46%
Public	31.75%	33.04%	32.63%	32.29%	31.92%	32.36%	32.21%	33.06%	33.30%	33.81%	32.92%	33.61%
Total Shareholders	3,436	5,116	9,846	12,952	16,011	23,220	27,099	31,367	36,352	39,084	42,641	44,079

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Oct 24, 2025	Alay jitendra shah	Insider - Promoter & Director	Disposal	4,364.91	43.65 Cr	1,00,000	0.87
Oct 23, 2025	Alay jitendra shah	Bulk	Sell	4,373.09	43.73 Cr	1,00,000	1.31
Oct 22, 2025	Alay jitendra shah	Insider - Promoter & Director	Disposal	4,342.11	50.80 Cr	1,17,000	1.02
Oct 21, 2025	Alay jitendra shah	Bulk	Sell	4,350.26	50.90 Cr	1,17,000	1.53
Oct 21, 2025	Alchemy emerging leaders of t...	Bulk	Buy	4,347.43	39.13 Cr	90,000	1.18
Nov 08, 2023	Alay jitendra shah	Insider - Promoter & Director	Disposal	2,730.00	9.56 Cr	35,000	0.45
Nov 08, 2023	Alay jitendra shah	Insider - Promoter & Director	Disposal	2,740.00	9.59 Cr	35,000	0.45
Nov 01, 2023	Alay jitendra shah	Insider - Promoter & Director	Disposal	2,800.00	19.60 Cr	70,000	0.91

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q3 FY24

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Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	67	106	118	105	107	131	154	232	159	171
Expenses	47	77	86	74	78	90	111	161	106	118
Operating Profit	20	30	32	31	29	41	43	71	52	54
OPM %	29.62	27.92	27.42	29.74	27.56	31.36	28.03	30.73	33.02	31.29
Other Income	2.57	3.63	3.16	3.47	3.39	3.78	4.71	4.59	4.23	9.07
Interest	0.06	0.07	0.03	0.06	0.08	0.11	0.08	0.16	0.10	0.09
Depreciation	0.65	0.64	0.64	0.66	0.69	0.80	0.95	0.98	0.99	1.01
Profit Before Tax	22	33	35	34	32	44	47	75	56	62
Tax %	24.76	25.15	25.11	26.65	25.32	25.29	25.66	25.87	25.32	25.39
Net Profit	16	24	26	25	24	33	35	55	41	46
EPS in Rs	14.32	21.33	22.81	21.87	20.96	28.61	30.39	48.39	24.18	40.15

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	115	88	118	71	118	180	280	397	623	675
Expenses	92	78	104	68	108	161	227	284	438	467
Operating Profit	23	9.90	14	3.05	9.51	19	53	113	185	208
OPM %	20.09	11.25	12.02	4.28	8.07	10.78	18.94	28.55	29.65	30.77
Other Income	3.41	1.15	1.67	2.99	2.39	3.35	8.08	13	16	17
Interest	0.66	1.26	2.80	1.46	2.16	1.07	0.60	0.21	0.44	0.45
Depreciation	1.36	1.16	2.43	2.59	2.51	2.58	2.40	2.60	3.41	3.72
Profit Before Tax	19	8.16	11	1.99	7.23	19	58	123	197	221
Tax %	35.38	28.12	27.43	24.72	23.64	26.55	25.86	25.49	25.60	25.57
Net Profit	12	5.87	7.75	1.50	5.52	14	43	92	147	164
EPS in Rs	10.74	5.13	6.77	1.31	4.79	12.27	37.69	80.32	128.36	143.12
Dividend Payout %	9.31	13.00	9.85	25.45	10.36	10.86	8.84	10.38	6.49	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.81	3.81	3.81	3.81	3.81	3.81	3.81	3.81	7.63	7.63
Reserves	34	46	50	57	57	63	76	118	202	339
Borrowings	0.00	4.08	13	13	12	8.15	17	0.00	0.00	0.00
Other Liabilities	32	30	29	25	30	33	49	56	83	143
Total Liabilities	69	84	96	99	103	107	146	178	292	490
Fixed Assets	18	17	16	41	39	37	35	38	40	58
CWIP	0.00	5.66	22	0.00	0.00	0.00	0.05	0.06	4.53	0.00
Investments	2.70	12	6.03	0.75	0.37	1.60	0.69	7.59	21	54
Other Assets	49	49	52	57	64	69	110	132	227	377
Total Assets	69	84	96	99	103	107	146	178	292	490

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	7.77	12	4.83	0.54	5.83	10	-6.45	39	76	40
Cash from Investing Activity	-3.29	-16	-11	1.33	-0.06	-1.26	-0.87	-12	-23	-48
Cash from Financing Activity	-7.05	3.19	6.55	-2.25	-4.28	-9.64	6.06	-19	-29	4.57
Net Cash Flow	-2.57	-0.51	0.14	-0.38	1.48	-0.52	-1.25	8.54	25	-3.64

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VOLTAMP	8081.30	8,159 Cr	24.83	4.96	1.24	19.98	26.85	17.29
ATLANTAELE	902.85	6,943 Cr	56.36	8.88	0.00	15.75	18.30	7.61
SHILCTECH	4001.95	4,582 Cr	25.81	10.91	0.21	42.29	56.90	34.71
MARSONS	149.85	2,579 Cr	79.29	18.46	0.00	23.29	22.93	19.45
INDOTECH	1635.00	1,735 Cr	20.60	5.34	0.00	25.94	33.83	16.49
DANISH	640.55	1,261 Cr	21.91	3.94	0.00	19.26	26.84	15.32
MEIL	371.05	1,025 Cr	22.99	1.82	0.00	7.91	12.02	6.54

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Shilchar Technologies Limited specializes in manufacturing distribution and power transformers, catering to both domestic and international markets.

The company achieved a remarkable 31% growth in revenue year-on-year for Q2 FY '26, with net profits increasing by 40%, demonstrating strong demand and operational efficiency.

Despite challenges such as new tariff measures in the United States, the company maintains a positive outlook on export demand, supported by ongoing strong customer engagements.

The company is strategically positioning itself within the renewable energy sector, capitalizing on India's governmental push for 100% electrification and increased renewable capacity.

Sector

Capital Goods - Electrical Equipment

Industry

Electric Equipment - Transformers

Market Cap

4,582 Cr

Volatility

High Risk

P/E Ratio

25.8

Industry P/E

66.8

PEG Ratio

0.2

P/B Ratio

10.9

52W High

6,125.00

52W Low

2,804.01

Sales CAGR

57.01%

51.23%

54.29%

10Y

21.38%

Profit CAGR

59.81%

118.69%

150.20%

10Y

36.22%

ROE

TTM

42.29%

41.58%

36.58%

10Y

31.07%

ROCE

TTM

56.90%

55.22%

48.30%

10Y

40.84%