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

Homecare products manufactured by Shaily Engineering Plastics Ltd. (Source: Company website).

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

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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:

ICICI Direct Shaily Engg Q4FY21 Result Update.pdf

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