Shaily Engineering Plastics surges after reporting strong Q4 numbers

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Capital Market
Last Updated : May 22 2017 | 11:28 AM IST

Shaily Engineering Plastics jumped 7.18% to Rs 627.10 at 11:07 IST on BSE after net profit spurted 76.3% to Rs 7.23 crore on 22.9% increase in net sales to Rs 66.59 crore in Q4 March 2017 over Q4 March 2016.

The result was announced on Saturday, 20 May 2017.

Meanwhile, the S&P BSE Sensex was up 136.64 points, or 0.45% at 30,601.56. The S&P BSE Small-cap index was up 1.21 points, 0.01%, at 15,228.28.

On the BSE, 16,000 shares were traded on the counter so far as against the average daily volumes of 21,969 shares in the past one quarter. The stock had hit a high of Rs 643.60 and a low of Rs 625 so far during the day.

The stock had hit a 52-week high of Rs 661 on 24 October 2016 and hit a 52-week low of Rs 482 on 18 November 2016. The stock had outperformed the market over the past one month till 19 May 2017, advancing 13.23% compared with the Sensex's 3.85% rise. The scrip had also outperformed the market over the past one quarter advancing 14.77% as against the Sensex's 7.01% rise.

The small-cap company has equity capital of Rs 8.32 crore. Face value per share is Rs 10.

Shaily Engineering Plastics' earnings before interest, tax, depreciation and amortization (EBITDA) increased by 40% to Rs 15.3 crore in Q4 March 2017 over Q4 March 2016.

EBITDA margin increased to 22.4% in Q4 March 2017, from 20.1% in Q4 March 2016. <> Shaily Engineering Plastics is engaged in the business of manufacturing of plastic products.

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First Published: May 22 2017 | 11:08 AM IST

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