Multibagger Alert: Ashish Kacholia-Backed Shaily Engineering Plastics Rises 300% Post Listing

Shaily Engineering Plastics has posted a 332% return over the past three years, driven by strong earnings and continued investor interest led by Ashish Kacholia.

Ashish Kacholia and mutual funds hold over 16% in Shaily Engineering Plastics, which reported a 47.9% profit jump and 27.7% revenue growth in the March quarter. (Photo source: NDTV Profit)

Shaily Engineering Plastics Ltd., manufacturer of injection-moulded plastic components, is now a multibagger stock as the scrip rallied over 300% since its listing two years ago.

The stock has delivered a return of 118.46% in the last 12 months, while the return in the last three years has been 332.45%. In the year so far, it has reported a gain of 17.14%. The shares recorded a high of Rs 2,073.80 on June 2 and a low of Rs 1,301 on Jan. 29.

Also Read: Multibagger Welspun Corp Shares Zoom 1000% In Five Years — What Should Investors Do?

Analyst Outlook & Financials

Analysts tracking the counter on Bloomberg have a mixed outlook, with three analysts maintaining a 'buy' call and two recommending 'hold'. The average 12-month consensus price target of Rs 1,745.80 implies an upside potential of 21.1%.

Shaily Engineering reported strong March quarter earnings with significant year-on-year growth. The company's revenue increased by 27.7% to Rs 217.8 crore compared to Rs 170.6 crore in the same quarter last year.

Net profit rose sharply by 47.9% to Rs 28.6 crore from Rs 19.3 crore. Ebitda also saw a robust increase of 57.1%, reaching Rs 54.5 crore versus Rs 34.7 crore previously. The profit margin improved to 25% from 20.3% year on year.

Additionally, Shaily Engineering announced a final dividend of Rs 2 per share for the quarter.

Ace investor Ashish Kacholia owns a 3.22% stake in the company as of March 31, 2025. Domestic mutual funds, including Motilal Oswal Small Cap Fund and Bandhan Small Cap Fund, own a 13.72% chunk of the total equity.

Also Read: Ashish Kacholia-Invested Zaggle Prepaid Shares Turn Multibagger Within Nearly Two Years Of Listing

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WRITTEN BY
Divya Prata
Divya Prata is a desk writer at NDTV Profit, covering business and market n... more
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