ICICI Direct has given Buy recommendation for Shaily Engineering Plastics with a target price of Rs. 2110 in its research report issued on Aug 19, 2021

ICICI Direct’s research report on Shaily Engineering Plastics

Shaily Engineering is into manufacturing high precision injection moulded plastic components and finished goods in home furnishing, healthcare, toys, personal care, automotive components. Export revenue contributed ~74% to the topline in FY21 while rest came from domestic business for Shaily The company’s biggest clients include a Swedish furnishing major, which contributes ~55% to the topline


We maintain our BUY rating on the stock We value Shaily at Rs 2110 i.e. 32x on FY23E EPS.


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