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Buy Shaily Engineering Plastics; target of Rs 2110: ICICI Direct

ICICI Direct is bullish on Shaily Engineering Plastics has recommended buy rating on the stock with a target price of Rs 2110 in its research report dated August 19, 2021.

August 20, 2021 / 11:55 AM IST
 
 
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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


Outlook


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


For all recommendations report, click here

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first published: Aug 20, 2021 11:55 am
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