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