Shaily Engineering Q1 Results Review- Strong Order Book, Robust Pipeline To Accelerate Performance: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Shaily Engineering Plastics Ltd.’s decent Q1 (revenue/Ebitda/profit after tax up 14%/32%/38% YoY) was driven by healthy revenue growth in healthcare (up 21% YoY, 15.3% mix) and Industrial (up 39% YoY, 10.7% mix) verticals. Consumer revenue (up 10% YoY, 74% mix) was impacted by continued weakness in European market (gradual recovery likely). Ebitda margin stood healthy at 19.7% (up 272 basis points YoY, down 59 bps QoQ). Shaily Engineering is confident of achieving better revenue in coming quarters on the back of strong order book position across verticals (led by healthcare and industrial). Domestic revenue in Q1 declined 10% YoY; recovery is expected in H2 on execution of orders of carbon steel furniture. For Healthcare, Shaily Engineering has retained its guidance of 50-60% revenue growth in FY25. It aims to sell 17 million plus injector devices in FY25 (FY23/FY24: ~7 million/12 million), aided by recent order of 10mn pen injectors (under own IP for insulin market, to be supplied in a year)..Click on the attachment to read the full report:.ASK Automotive Q1 Review - Inline Operating Performance; Strong Growth Outlook Maintained: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Shaily Engineering Q1 Results Review- Strong Order Book, Robust Pipeline To Accelerate Performance: Systematix

With no major capex planned and prudent working capital management, the brokerage expects healthy free cash flows and RoCE.

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Shaily Engineering Q1 Results Review- Strong Order Book, Robust Pipeline To Accelerate Performance: Systematix

With no major capex planned and prudent working capital management, the brokerage expects healthy free cash flows and RoCE.

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