Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Shish Industries
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 14.45 | 18.72 | 17.61 | 20.46 | 24.34 | 23.33 | 23.07 | 22.64 | 35.04 | 35.51 | 33.12 | 29.77 | 33.36 |
| Expenses + | 13.18 | 15.05 | 16.15 | 17.62 | 22.46 | 18.62 | 19.16 | 21.28 | 30.07 | 34.32 | 30.24 | 24.44 | 29.13 |
| Operating Profit | 1.27 | 3.67 | 1.46 | 2.84 | 1.88 | 4.71 | 3.91 | 1.36 | 4.97 | 1.19 | 2.88 | 5.33 | 4.23 |
| OPM % | 8.79% | 19.60% | 8.29% | 13.88% | 7.72% | 20.19% | 16.95% | 6.01% | 14.18% | 3.35% | 8.70% | 17.90% | 12.68% |
| Other Income + | 0.62 | -0.37 | 1.10 | 0.07 | 0.89 | 0.59 | 0.71 | 2.88 | -0.65 | 0.66 | 2.36 | 0.35 | 0.45 |
| Interest | 0.08 | 0.21 | 0.21 | 0.21 | 0.23 | 0.31 | 0.45 | 0.64 | 0.61 | 0.84 | 0.67 | 1.73 | 0.22 |
| Depreciation | 0.33 | 0.33 | 0.28 | 0.32 | 0.37 | 0.47 | 0.73 | 1.17 | 1.22 | 1.45 | 1.24 | 1.34 | 1.48 |
| Profit before tax | 1.48 | 2.76 | 2.07 | 2.38 | 2.17 | 4.52 | 3.44 | 2.43 | 2.49 | -0.44 | 3.33 | 2.61 | 2.98 |
| Tax % | 44.59% | 15.22% | 22.71% | 23.95% | 29.03% | 32.30% | 24.13% | 24.28% | 23.69% | -11.36% | 23.42% | 18.01% | 64.77% |
| Net Profit + | 0.82 | 2.33 | 1.59 | 1.82 | 1.53 | 3.06 | 2.62 | 1.84 | 1.90 | -0.39 | 2.55 | 2.15 | 1.05 |
| EPS in Rs | 0.03 | 0.07 | 0.05 | 0.05 | 0.04 | 0.09 | 0.07 | 0.05 | 0.05 | 0.06 | 0.07 | 0.06 | 0.03 |
Financials of Shish Industries
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 28 | 50 | 68 | 86 | 116 | 132 |
| Expenses + | 26 | 46 | 60 | 75 | 105 | 118 |
| Operating Profit | 2 | 4 | 9 | 11 | 11 | 14 |
| OPM % | 8% | 8% | 13% | 13% | 10% | 10% |
| Other Income + | 1 | 1 | 2 | 3 | 4 | 4 |
| Interest | 0 | 0 | 1 | 1 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 5 | 6 |
| Profit before tax | 2 | 3 | 9 | 11 | 8 | 8 |
| Tax % | 29% | 24% | 24% | 28% | 25% | |
| Net Profit + | 1 | 3 | 7 | 8 | 6 | 5 |
| EPS in Rs | 0.04 | 0.08 | 0.20 | 0.23 | 0.23 | 0.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Shish Industries
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 11 | 11 | 35 | 38 | 38 |
| Reserves | 2 | 7 | 24 | 25 | 68 | 68 |
| Borrowings + | 1 | 6 | 9 | 13 | 34 | 48 |
| Other Liabilities + | 4 | 5 | 10 | 13 | 10 | 16 |
| Total Liabilities | 17 | 28 | 54 | 86 | 150 | 170 |
| Fixed Assets + | 6 | 7 | 7 | 14 | 51 | 53 |
| CWIP | 0 | 0 | 2 | 4 | 8 | 17 |
| Investments | 0 | 0 | 0 | 0 | 1 | 0 |
| Other Assets + | 11 | 21 | 45 | 67 | 90 | 100 |
| Total Assets | 17 | 28 | 54 | 86 | 150 | 170 |
Financials of Shish Industries
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | -5 | 0 | -13 | -17 |
| Cash from Investing Activity + | -2 | -2 | -3 | -18 | -30 |
| Cash from Financing Activity + | -0 | 8 | 14 | 20 | 47 |
| Net Cash Flow | 0 | -0 | 11 | -11 | -0 |
| Free Cash Flow | 0 | -8 | -2 | -24 | -51 |
| CFO/OP | 125% | -109% | 28% | -86% | -118% |
Financials of Shish Industries
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 26 | 64 | 103 | 84 | 55 |
| Inventory Days | 96 | 78 | 76 | 82 | 152 |
| Days Payable | 61 | 34 | 56 | 48 | 40 |
| Cash Conversion Cycle | 61 | 109 | 123 | 117 | 167 |
| Working Capital Days | 75 | 79 | 86 | 154 | 120 |
| ROCE % | 22% | 28% | 21% | 10% |
PAT growth seen with recent quarters growing by ~85% YoY, indicating strong earnings momentum. Key concall takeaways from Rathi Steel & Power Ltd's Q1 FY27…
SKP is steadily increasing capacity from about 80-100 tons earlier to around 1,800 tons now, operating at ~80% utilization (Page 20). Key concall takeaways…
Q1 FY27 showed strong profitability with EBITDA margin improving to 16.29% and net profit margin to 9.18%. Key concall takeaways from Mitsu Chem Plast Ltd's Q1…
Current capacity expansion planned for 300-350 crores revenue, further growth through organic or inorganic expansion. Key concall takeaways from Simplex…