Shaily Engineering Plastics, a midcap player in the plastic products industry, has recently received an upgrade to a ‘Buy’ rating from MarketsMOJO as of January 6, 2025. The company reported impressive financial results for the quarter ending September 2024, showcasing a remarkable 25.9% growth in net profit. This marks the fourth consecutive quarter of positive results, highlighting the company’s consistent performance.
Shaily Engineering Plastics achieved its highest operating profit to interest ratio at 8.89 times, alongside a robust return on capital employed (ROCE) of 15.93%. The company also recorded its highest net sales at Rs 192.00 crore, reflecting strong operational efficiency.
The stock is currently in a bullish technical range, with indicators such as MACD and Bollinger Bands signaling positive momentum. Institutional investors have shown increasing confidence, raising their stake by 3.93% in the last quarter, now holding 15.46% of the company.
With a remarkable 341.73% return over the past year, Shaily Engineering Plastics has consistently outperformed the BSE 500 index, demonstrating its strong market position and operational success.
