Shaily Engineering revenue up 26% in FY26 to ₹990.67 crore
- Revenue grew 25.91% YoY to ₹990.67 crore in FY26
- Net profit surged 82.5% to ₹169.91 crore
- EBITDA margin expanded to 29.0% on 61.28% profit growth
- Healthcare segment revenue jumped 139% to ₹392.8 crore
- Board approved raising up to ₹500 crore for future expansion
*this image is generated using AI for illustrative purposes only.
Shaily Engineering Plastics Limited reported a 25.91% increase in revenue for FY26, reaching ₹990.67 crore. Net profit grew 82.5% to ₹169.91 crore, driven by strong performance in the healthcare segment.
The company’s EBITDA rose 61.28% to ₹287.70 crore, expanding the margin to 29.0%. Return on capital employed (ROCE) improved by 1,140 basis points to 35.8%, reflecting enhanced operational efficiency and higher-value product mix.
Segment performance and strategic shifts
Healthcare emerged as the primary growth driver, with its contribution to revenue rising from 17% three years ago to 40% in FY26. Healthcare revenue increased 139% to ₹392.8 crore. This shift significantly contributed to the 630-basis-point expansion in consolidated EBITDA margins.
The Consumer and Industrial segments contributed approximately 60% of total revenue. While the Consumer segment saw a decline to ₹511.3 crore from ₹560.8 crore in the previous year, the Industrial segment grew to ₹86.6 crore from ₹61.4 crore. The company is focusing on quality of margin over volume, shifting towards engineered components and automating assembly lines.
New ventures and capacity expansion
Shaily has diversified into consumer electronics and semiconductors. It commenced commercial supply of precision internal components to its first consumer electronics customer. In semiconductors, the company signed an agreement with a Korean partner to manufacture conductive chip trays, with qualification expected in Q3FY27 and commercial supply starting Q4FY27.
To support this growth, the Board approved an enabling resolution to raise up to ₹500 crore through securities issuance. This capital will fund capacity building ahead of committed demand and act on time-sensitive opportunities. During FY26, the company added 21 injection-moulding machines and expanded cleanroom area by approximately 20,000 sqm.
What the numbers show
The divergence between the Consumer segment’s revenue contraction and the overall company’s strong margin expansion highlights a successful strategic pivot. Despite the Consumer segment dropping from ₹560.8 crore to ₹511.3 crore, the 139% surge in Healthcare revenue (to ₹392.8 crore) more than offset this decline. This mix shift toward high-margin healthcare devices directly fueled the 630 bps EBITDA margin expansion, demonstrating that profitability is increasingly decoupled from traditional volume-heavy consumer lines.
AGM proceedings and resolutions
The 46th Annual General Meeting was held on September 28, 2026, via video conferencing. Shareholders adopted the audited financial statements and declared dividends for FY26. Key appointments included the re-appointment of Mr. Amit Mahendra Sanghvi as Managing Director for five years effective October 1, 2026. The meeting also ratified remuneration for cost auditors and approved changes in remuneration for the Managing Director of Shaily Innovations Limited.
Historical Stock Returns for Shaily Engineering Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.46% | -3.69% | -6.01% | +33.79% | +33.01% | +651.42% |
How will the ₹500 crore capital raise impact Shaily's debt profile and future cost of capital?
What are the specific regulatory hurdles for the semiconductor chip tray qualification expected in Q3FY27?
Can the company sustain its 29% EBITDA margin as the Consumer segment continues to contract?
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