Shalby Limited

NSE: SHALBY · Unclassified

₹118.94-2.26%06 Nov 2026

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Instant answers about Shalby Limited — computed from its filings, no language model

Market cap₹1,279 cr

Current price₹118.94

High / Low₹244 / ₹113

P/E32.6

P/B1.25

Book value₹95.0

ROE3.8%

ROCE6.2%

Debt / equity0.53

Dividend yield—

EPS (TTM)₹3.65

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY22	FY23	FY24	FY25	FY26
Revenue	487	699	805	934	1,087	1,141
EBITDA	82	120	137	177	133	143
Operating margin	16.8%	17.2%	17.0%	19.0%	12.2%	12.5%
Interest	6	6	9	16	39	39
Depreciation	36	43	48	52	66	70
Profit before tax	57	79	102	128	56	61
Tax	29	25	34	45	54	26
Net profit	28	54	68	84	6	37
EPS ₹	2.55	5.00	6.31	7.78	0.18	3.23
Operating cash flow	—	19	68	20	-4	-0
Capex	—	75	18	47	71	149
Dividend paid	—	11	11	13	13	0
Total assets	—	—	1,281	1,608	1,704	1,839
Equity	—	—	928	1,000	992	1,005

Quarterly performance

last 27 quarters · ₹ crore

showing latest 8 of 27 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	126	121	109	38	116	132	192	182	162	163	202	202	199	235	238	216	244	279	268	276	265	296	285	272	287	331	313
Operating profit	28	22	3	-5	29	31	38	29	28	24	37	34	26	43	53	42	39	45	33	34	21	42	42	30	29	42	41
Operating margin	22.3%	18.1%	2.3%	-12.6%	25.5%	23.3%	19.9%	16.2%	17.4%	14.8%	18.4%	16.8%	12.9%	18.3%	22.2%	19.6%	15.9%	16.2%	12.2%	12.3%	7.9%	14.0%	14.6%	11.1%	10.2%	12.6%	13.2%
Other income	2	2	10	2	2	2	3	3	3	4	5	4	9	5	5	5	5	10	7	5	5	7	4	7	8	7	5
Interest	1	1	2	1	1	1	1	2	2	2	2	3	3	3	3	4	6	8	9	11	11	9	10	11	9	11	11
Depreciation	9	9	9	9	9	9	9	11	11	11	12	12	13	12	12	12	16	16	17	16	16	17	17	18	18	19	19
Profit before tax	20	14	2	-13	22	23	31	19	14	15	29	24	19	33	43	31	22	30	14	12	-1	23	19	9	10	20	16
Tax	7	6	19	-4	-3	6	11	8	1	5	10	8	5	12	15	12	6	16	11	15	11	15	12	8	-9	9	9
Net profit	13	8	-17	-9	24	17	20	11	13	10	18	15	14	21	28	19	16	15	3	0	-11	9	8	2	18	11	8
EPS ₹	1.20	0.75	-1.58	-0.81	2.27	1.56	1.87	0.99	1.20	0.94	1.71	1.42	1.29	1.94	2.57	1.78	1.49	1.37	0.22	-0.28	-1.13	0.71	0.68	0.12	1.72	0.98	0.73
Revenue YoY	—	—	—	—	-8.0%	9.1%	400.5%	57.1%	23.2%	—	11.1%	24.7%	22.4%	—	17.9%	6.7%	22.7%	18.4%	12.4%	27.6%	8.5%	6.3%	6.7%	-1.3%	8.5%	11.7%	9.7%
Profit YoY	—	—	—	—	89.4%	106.4%	—	-56.0%	-23.1%	—	71.0%	18.2%	37.4%	—	49.9%	24.7%	15.4%	-29.2%	-87.7%	-100.0%	-168.7%	-39.5%	147.2%	—	—	21.6%	-1.2%

Earlier results (standalone, Dec '17 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Shalby Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY19†
Revenue	461
Operating profit	81
Operating margin	17.6%
Other income	10
Interest	7
Depreciation	33
Profit before tax	51
Tax	19
Net profit	32

Quarters

	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	97	108	116	119	113	113	132
Operating profit	21	15	25	23	19	14	29
Operating margin	21.7%	14.0%	21.3%	19.1%	17.1%	12.7%	22.2%
Other income	5	3	3	2	2	3	2
Interest	4	0	1	2	1	2	1
Depreciation	7	6	8	8	9	8	9
Profit before tax	15	11	18	15	11	7	21
Tax	4	-7	6	11	-2	4	-3
Net profit	11	18	12	4	13	3	24
EPS ₹	1.20	1.94	1.12	0.34	1.19	0.31	2.19
Revenue YoY	—	—	—	—	16.1%	4.0%	13.6%
Profit YoY	—	—	—	—	19.6%	-81.5%	95.1%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 18 periods

	JUN '20	SEP '20	DEC '20	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	7.4%	8.1%	8.4%	8.3%	7.7%	5.3%	3.4%	0.7%	0.1%	0.6%	0.8%	3.7%	3.9%	3.8%
ROCE	—	—	—	—	10.3%	11.5%	12.3%	11.0%	11.2%	8.8%	8.0%	6.7%	6.2%	6.3%	6.1%	6.4%	6.3%	6.2%
Net margin	-1.2%	1.8%	3.9%	7.7%	8.2%	8.9%	9.2%	8.9%	7.9%	5.3%	3.2%	0.7%	0.1%	0.6%	0.7%	3.3%	3.3%	3.3%
EBITDA margin	12.1%	12.8%	14.7%	17.2%	16.7%	17.8%	18.4%	19.0%	18.3%	15.8%	14.1%	12.2%	11.7%	12.3%	12.0%	12.5%	12.1%	11.8%
Debt / equity	—	—	—	—	0.19	0.17	0.17	0.31	0.31	0.40	0.40	0.43	0.43	0.49	0.49	0.54	0.54	0.53
Interest coverage	5.39	6.01	8.44	14.44	11.40	11.36	11.15	9.00	6.87	4.52	3.27	2.44	2.20	2.32	2.25	2.55	2.43	2.32
Asset turnover	—	—	—	—	0.65	0.67	0.68	0.58	0.61	0.59	0.62	0.64	0.65	0.63	0.63	0.62	0.64	0.65

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	107	107	107	107	107	107	108	108	108
Other equity / reserves	790	820	857	893	899	885	895	898	914
Total equity	898	928	964	1,000	1,007	992	1,002	1,005	1,022
Borrowings	139	180	161	314	406	427	487	540	537
Current liabilities	152	194	193	323	450	455	521	576	596
Non-current liabilities	156	159	159	276	254	253	258	258	239
Total assets	1,205	1,281	1,316	1,608	1,717	1,704	1,782	1,839	1,857
Property, plant & equipment	644	668	663	840	844	848	852	922	958
Capital work-in-progress	5	6	6	15	11	8	54	0	1
Investments	25	146	134	81	112	95	87	62	48
Inventories	158	185	206	235	276	319	347	376	375
Receivables	123	106	139	145	171	175	186	228	277
Cash & equivalents	18	12	10	27	37	35	19	22	21

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	19	68	20	-4	-0
Cash from investing	-60	-61	38	-36	-97
Cash from financing	90	-50	-151	48	84
Capex	75	18	47	71	149
Free cash flow	-56	49	-28	-76	-149
Dividends paid	11	11	13	13	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹958 cr52%

CWIP

₹1 cr0%

Investments

₹48 cr3%

Inventories

₹375 cr20%

Receivables

₹277 cr15%

Cash & equivalents

₹21 cr1%

Other assets

₹177 cr10%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Shalby Limited	1,279	118.94	32.6	1.25	3.8%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-11.6%

6 months-28.9%

1 year-51.5%

3Y CAGR-25.8%

5Y CAGR-4.7%

10Y CAGR—

50-day avg₹135.96

200-day avg₹155.17

RSI (14)35

FAQs

What is the share price of Shalby Limited?

Shalby Limited (SHALBY) closed at ₹118.94 on NSE on 06 Nov 2026.

What is the market cap of Shalby Limited?

₹1,279 crore at the latest close.

What is the P/E ratio of Shalby Limited?

32.6, on trailing-twelve-month earnings from its filings.

How fast is Shalby Limited growing?

Shalby Limited: revenue has compounded at 12.3% a year over three years; net profit at -18.0% a year. Latest-quarter revenue is up 9.7% year on year, profit down 1.2%.

How profitable is Shalby Limited?

On a trailing-twelve-month basis return on equity is 3.8%, return on capital employed 6.2%, operating margin 11.8%, net margin 3.3%.

How much debt does Shalby Limited have?

Shalby Limited is moderately geared: debt to equity is 0.53 with borrowings of ₹537 cr against cash of ₹21 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.3 times.

Financials parsed from Shalby Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.