Employees: 488
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | ₹1.70B | ₹244M | ₹671M | ₹334M |
| Capital expenditure | n/a | ₹231M | ₹184M | ₹102M | ₹55.2M |
| Total debt | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
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| Measure | SHILCTECH.NS | Peer median | Rank 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 margin | 21.9% | 4.8% | 2nd highest of 21 |
| EV / Sales | 5.9× | 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 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | +22.1 pp | -2.9 pp | 3rd highest of 21 |
| EV / EBITDA | 26.2× | 9.7× | 4th most expensive of 10 |
| Net debt / EBITDA | -1.4× | -1.3× | 5th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shilchar Technologies SHILCTECH.NS | India | $429M | -20% | -9% | 22% | 5.9× | 15.7% | +40.8% |
| JinGuan Electric 688517.SS | China | $428M | -4% | -1% | 8% | 3.9× | 18.3% | +6.6% |
| Yuan Cheng Cable 002692.SZ | China | $425M | -30% | 0% | -5% | 0.8× | n/a | n/a |
| Sichuan Huati Lighting Technology 603679.SS | China | $436M | +11% | +4% | -25% | 6.2× | n/a | n/a |
| FW Thorpe TFW.L | United Kingdom | $422M | +9% | -1% | 15% | 1.5× | 0.0% | +8.0% |
| Chongqing VDL Electronics 301121.SZ | China | $422M | +1% | +42% | 5% | 2.1× | n/a | n/a |
| Zhejiang Hengwei Battery 301222.SZ | China | $437M | -40% | +4% | 13% | 3.1× | n/a | n/a |
| Shandong University Electric Power Technology 301609.SZ | China | $421M | -38% | +1% | 14% | 2.5× | -0.6% | +13.9% |
| Arisawa Mfg.Co 5208.T | Japan | $437M | -24% | +18% | 10% | 1.2× | n/a | n/a |
| Guizhou Taiyong-Changzheng Technology 002927.SZ | China | $439M | -28% | -3% | -3% | 3.6× | 56.9% | +1.7% |
| Lutian Machinery 605259.SS | China | $441M | -15% | 0% | 7% | 0.9× | n/a | n/a |
| Shanghai Morn Electric Equipment 002451.SZ | China | $443M | -30% | -4% | 2% | 2.5× | n/a | n/a |
| Takaoka Toko 6617.T | Japan | $443M | -40% | +6% | 9% | 0.5× | 2.3% | +4.0% |
| Cheryong Electric 033100.KS | South Korea | $413M | -50% | -20% | 23% | 2.2× | 1.0% | +38.4% |
| Changzhou Shenli Electrical Machine 603819.SS | China | $413M | -14% | +10% | 3% | 2.0× | 26.3% | +9.7% |
| Changzhou Xiangming Intelligent Drive System 301226.SZ | China | $450M | -29% | +4% | 1% | 4.8× | 38.8% | -1.6% |
| Hubei DP 300808.SZ | China | $408M | -34% | -18% | -22% | 9.9× | n/a | n/a |
| Orient Cables (India) ORIENTCABL.NS | India | $407M | n/a | +42% | 7% | 3.5× | n/a | n/a |
| Lanzhou Greatwall Electrcal 600192.SS | China | $453M | -17% | -6% | -23% | 3.0× | n/a | n/a |
| Zhejiang Meishuo Electric Technology 301295.SZ | China | $406M | -37% | +13% | 4% | 3.4× | n/a | n/a |
| Qijing Machinery 603677.SS | China | $404M | -11% | +3% | 1% | 1.5× | 21.1% | +5.8% |