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This Article is From Jun 02, 2021

Shaily Engineering Plastics Q4 Review - Strong Order Book, Execution Remains Key: ICICI Direct

Shaily Engineering Plastics Q4 Review - Strong Order Book, Execution Remains Key: ICICI Direct

Shaily Engineering Plastics Q4 Review - Strong Order Book, Execution Remains Key: ICICI Direct
Homecare products manufactured by Shaily Engineering Plastics Ltd. (Source: Company website).

BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Shaily Engineering Plastics Ltd. reported a strong performance in Q4 FY21 with revenue, profit after tax growth of ~38%, ~40%, respectively.

Further, the company has guided for strong revenue growth in FY22 despite lockdown related disruptions in Q1.

A home furnishing major remains a key contributor to the overall topline (55% of overall revenue).

However, significant growth opportunities in the healthcare segment (revenue growth of 2-3 times in the next three to five years) and strong order pipeline in the toy business provide strong revenue visibility in the next two years.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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