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Shilchar Technologies LimitedSHILCTECH.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Electrical Products
Momentum laggard 12
Mkt cap
$429M
US dollars, full cap
Free float
27%
of shares outstanding
$/day
$765,663
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+22.1 pp
WACC 10.9%
Hurdle
-25 pp
Req g minus delivered
Close · INR₹3,533
1D-0.6%
1W-1.2%
1M-11.7%
3M-22.0%
6M-19.5%
YTD-7.7%
1Yn/a
ATR %4.1%
Beta1.30
52w lowhigh34.6% off high

What Shilchar Technologies does

Employees: 488

Shilchar Technologies at a glance

Size Shilchar Technologies (SHILCTECH.NS) is an India Industrials company (Electrical Products) with a market value of $429M, the 908th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,533 on 6 Nov 2026.

Performance Over six months the shares fell 19.5%, against -27.6% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 20 in its peer set.

Growth Revenue fell 9.3% over the last twelve months (peer median +1.7%); the operating margin is 21.9% (peer median 4.8%).

Valuation It trades at 5.9× enterprise value to sales against a peer median of 2.5× (3rd most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +41%, so the hurdle is -25 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 22.1 points above its cost of capital (10.9% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026SHILCTECH.NS 82Peer median 72
Six months, rebased to 100: Shilchar Technologies against the median of its 20 peers (local-currency closes).

Shilchar Technologies financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹6.49B₹6.52B₹6.23B₹3.97B₹2.80B
Revenue growth—+5%+57%+42%—
Gross profit₹1.78B₹2.04B₹1.97B₹1.20B₹598M
EBITDA₹1.47B₹1.93B₹1.87B₹1.14B₹535M
Net income₹1.25B₹1.58B₹1.47B₹919M₹431M
Free cash flown/a₹1.70B₹244M₹671M₹334M
Capital expendituren/a₹231M₹184M₹102M₹55.2M
Total debt₹0₹0₹0₹0₹0

Quarterly statements and history in the cockpit →

Shilchar Technologies competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-40%-20%0%688517002692603679TFW30112130122230160952080029276052590024516617033100603819301226300808600192301295SHILCTECH.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Shilchar Technologies is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%2×4×6×688517002692603679TFW30112130122230160952080029276052590024516617033100603819301226300808ORIENTCABL600192301295SHILCTECH.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shilchar Technologies is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%20%40%60%688517TFW3016090029276617033100603819301226603677SHILCTECH.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Shilchar Technologies is the large dot.

Shilchar Technologies competitors and peer comparison

How Shilchar Technologies compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Shilchar Technologies against its 20 peers (data as of 6 Nov 2026)
MeasureSHILCTECH.NSPeer medianRank in peer set
1-month return-11.7%-13.8%9th highest of 21
6-month return-19.5%-27.6%9th highest of 20
Distance from 52-week high-34.6%-43.9%8th highest of 21
Revenue growth (TTM)-9.3%+1.7%3rd lowest of 21
Operating margin21.9%4.8%2nd highest of 21
EV / Sales5.9×2.5×3rd most expensive of 21
Growth the price implies (Req g, 7 yrs)15.7%18.3%5th least demanding of 10
Growth delivered (Del g)+40.8%+6.6%highest of 10
Hurdle (Req g minus delivered)-25.1 pp+11.7 pp2nd least demanding of 10
ROIC minus cost of capital+22.1 pp-2.9 pp3rd highest of 21
EV / EBITDA26.2×9.7×4th most expensive of 10
Net debt / EBITDA-1.4×-1.3×5th least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Shilchar Technologies SHILCTECH.NSIndia$429M-20%-9%22%5.9×15.7%+40.8%
JinGuan Electric 688517.SSChina$428M-4%-1%8%3.9×18.3%+6.6%
Yuan Cheng Cable 002692.SZChina$425M-30%0%-5%0.8×n/an/a
Sichuan Huati Lighting Technology 603679.SSChina$436M+11%+4%-25%6.2×n/an/a
FW Thorpe TFW.LUnited Kingdom$422M+9%-1%15%1.5×0.0%+8.0%
Chongqing VDL Electronics 301121.SZChina$422M+1%+42%5%2.1×n/an/a
Zhejiang Hengwei Battery 301222.SZChina$437M-40%+4%13%3.1×n/an/a
Shandong University Electric Power Technology 301609.SZChina$421M-38%+1%14%2.5×-0.6%+13.9%
Arisawa Mfg.Co 5208.TJapan$437M-24%+18%10%1.2×n/an/a
Guizhou Taiyong-Changzheng Technology 002927.SZChina$439M-28%-3%-3%3.6×56.9%+1.7%
Lutian Machinery 605259.SSChina$441M-15%0%7%0.9×n/an/a
Shanghai Morn Electric Equipment 002451.SZChina$443M-30%-4%2%2.5×n/an/a
Takaoka Toko 6617.TJapan$443M-40%+6%9%0.5×2.3%+4.0%
Cheryong Electric 033100.KSSouth Korea$413M-50%-20%23%2.2×1.0%+38.4%
Changzhou Shenli Electrical Machine 603819.SSChina$413M-14%+10%3%2.0×26.3%+9.7%
Changzhou Xiangming Intelligent Drive System 301226.SZChina$450M-29%+4%1%4.8×38.8%-1.6%
Hubei DP 300808.SZChina$408M-34%-18%-22%9.9×n/an/a
Orient Cables (India) ORIENTCABL.NSIndia$407Mn/a+42%7%3.5×n/an/a
Lanzhou Greatwall Electrcal 600192.SSChina$453M-17%-6%-23%3.0×n/an/a
Zhejiang Meishuo Electric Technology 301295.SZChina$406M-37%+13%4%3.4×n/an/a
Qijing Machinery 603677.SSChina$404M-11%+3%1%1.5×21.1%+5.8%

Questions

Which companies are Shilchar Technologies's closest peers?
The cockpit's peer set: JinGuan Electric (688517.SS), Yuan Cheng Cable (002692.SZ), Sichuan Huati Lighting Technology (603679.SS), FW Thorpe (TFW.L), Chongqing VDL Electronics (301121.SZ), Zhejiang Hengwei Battery (301222.SZ), Shandong University Electric Power Technology (301609.SZ), Arisawa Mfg.Co (5208.T).
Is Shilchar Technologies expensive compared with its peers?
On ev / sales it trades at 5.9× against a peer median of 2.5×, 3rd most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +41%, so the hurdle is -25 pp: the price already allows for a slowdown.
How has Shilchar Technologies stock performed?
Over six months to 6 Nov 2026 the shares returned -19.5% against -27.6% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.