# Shilchar Technologies share price today (Shilchar Technologies Ltd, NSE: SHILCTECH)

> Shilchar Technologies share price today: ₹3,597.10 at the NSE close on 3 November 2026, down 17.0% in a year. Shilchar Technologies (NSE: SHILCTECH) is worth ₹4,115 crore, trades at a P/E of 33.0 and has closed between ₹2,961.55 and ₹5,161.45 over the past 52 weeks. > Shilchar Technologies Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SHILCTECH · Capital Goods - Transformers · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/shilchar-technologies-ltd

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## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: ₹3,597.10 (−17.0% in a year)
- P/E: 33.0× (higher than 83% of the last 11 years)
- Revenue (Sep 2026): ₹193 Cr (+12.9% on a year ago)
- Profit (Sep 2026): ₹33.0 Cr (−28.3% on a year ago)
- Operating margin: 21.0% (−10.0 points on a year ago)
- ROCE: 51%, FY26
- Profit that came in as cash: 78%, last 3 years

The main question: domestic institutions moved +1.8 percentage points over 8 quarters while the business went the other way. ## What is the Shilchar Technologies share price today? Shilchar Technologies Ltd's share price was ₹3,597.10 at the close on 3 November 2026. It has been falling for 6 weeks. That is 13.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,962 and ₹5,161, and at that close it sat 29% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 13 weeks running. Over the last 11 years the share price moved +5,733% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 7 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Shilchar Technologies this quarter? Two changes stood out: revenue grew again in the September 2026 quarter and operating margin down 10 points on a year earlier. 1. Revenue grew again in the September 2026 quarter Revenue was ₹193 crore, +12.9% on a year earlier (₹171 crore), after 2 quarters of decline. Why: Sales rose because orders delayed from the first quarter were completed, and new orders picked up after a slow start caused by West Asia shipping problems. Next results: check whether the strong order book turns into sales in the second half. From the earnings call on 29 Oct 2026. 2. Operating margin down 10 points on a year earlier 21% in the September 2026 quarter, from 31%. Why: Margins fell because raw materials took a bigger share of sales, shipping cost more, and a smaller share of sales came from exports. Next results: check whether a bigger share of sales comes from exports, since management ties better margins to that. From the earnings call on 29 Oct 2026. ## What are Shilchar Technologies' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Shilchar Technologies reported revenue of ₹193 crore, up 12.9% from ₹171 crore a year earlier, and a profit of ₹33.0 crore, down 28.3% from ₹46.0 crore. ### Shilchar Technologies results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹193 crore | ₹171 crore | +12.9% |
| Profit | ₹33.0 crore | ₹46.0 crore | −28.3% |
| Earnings per share | ₹28.83 | ₹40.16 | −28.2% |
| Operating margin | 21.0% | 31.0% | −10.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Shilchar Technologies' management discussed these results on a call held on 29 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Shilchar Technologies share price history? Shilchar Technologies closed at ₹3,597.10 on 3 November 2026, down 17.0% from ₹4,334.90 a year earlier (31 October 2025) and up 4,738.1% over five years. Its highest weekly close since March 2016 was ₹6,007.75 on 6 June 2025. ### Shilchar Technologies share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹3,534.50 | +1.8% |
| 1 month ago · 1 Oct 2026 | ₹4,028.00 | −10.7% |
| 6 months ago · 30 Apr 2026 | ₹5,161.45 | −30.3% |
| 1 year ago · 31 Oct 2025 | ₹4,334.90 | −17.0% |
| 3 years ago · 3 Nov 2023 | ₹1,797.80 | +100.1% |
| 5 years ago · 4 Nov 2021 | ₹74.35 | +4,738.1% |
| 10 years ago · 4 Nov 2016 | ₹135.25 | +2,559.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹61.67 | +5,732.8% |
| Highest weekly close since March 2016 · 6 Jun 2025 | ₹6,007.75 | −40.1% |
| Lowest weekly close since March 2016 · 24 Apr 2020 | ₹24.50 | +14,582.0% |
| 52-week high (weekly close) · 30 Apr 2026 | ₹5,161.45 | −30.3% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹2,961.55 | +21.5% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Shilchar Technologies? 3 Nov 2026: Shilchar Technologies closed at ₹3,597.10, up 1.8% on the week and down 10.7% on the month. 29 Oct 2026: Shilchar Technologies held its results call for July to September 2026. Management guided: FY27 revenue ₹750 crore on-track with deliveries scheduled in H2. ### Earlier

- Results for July to September 2026: Revenue up 12.9% and profit down 28.3% on a year earlier. - 31 Jul 2026: ex-date for a dividend of ₹12.50 a share. ## What dividend does Shilchar Technologies pay? Shilchar Technologies paid ₹12.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.35% at the ₹3,597.10 close on 3 November 2026. The last was a dividend of ₹12.50 a share, ex-date 31 July 2026. ### Shilchar Technologies dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 31 Jul 2026 | ₹12.50 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 0 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Shilchar Technologies Ltd paid out 9% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Shilchar Technologies management say on the latest results call? On the call for July to September 2026, held on 29 October 2026, Shilchar Technologies' management guided: FY27 revenue ₹750 crore on-track with deliveries scheduled in H2. > “If we have done 200 crores with a 30% EBITDA margin, the EBITDA margin may come down, but our EBITDA in value terms may be 225 or 250 crores”
> Management, on the call for July to September 2026

### What management guided

- H2 above ₹225-230 crore per quarter to exceed ₹800 crore in FY27. - FY27 operating profit ₹225-250 crore absolute, trying 23-24% margin with percentage unassured. - Q3 and Q4 utilisation near 100% with new capacity breakeven at 35-40%. - FY28 revenue around ₹1000 crore; FY29 ₹1250-1500 crore with full utilisation capped at ₹1500 crore. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/3582-29-Oct-2026.pdf). (From the call for July to September 2026, 29 October 2026.)

## What to watch in Shilchar Technologies' next results? When Shilchar Technologies reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: H2 quarterly revenue having at the flagged run-rate - confirms executable book converts as claimed. - What to check (from the call)
- H2 quarterly revenue having at the flagged run-rate - confirms executable book converts as claimed. - Q3 utilisation at the flagged near-full level - validates full-capacity execution setup. - Export mix uplift with Middle East normalisation and logistics relief - underpins progression toward flagged margin range. ## Which stock lists is Shilchar Technologies on? Shilchar Technologies is on one of our India lists: Power & green energy stocks. - [Power & green energy stocks Group on the list: Power equipment, transformers and cables](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Shilchar Technologies profitable? Shilchar Technologies Ltd earned ₹33.0 Cr of net profit in the Sep 2026 quarter, −28.3% on the same quarter a year earlier. Full-year FY26 profit was ₹158 Cr. Over 10 years profit has grown 33.2% a year on average. That is 17.1% of the quarter's revenue. The same quarter a year earlier earned ₹46.0 Cr. For the full year, FY26 profit was ₹158 Cr (+7.5% on the year before). Why profit moved: revenue changed +12.9% on a year earlier and the margin moved −10.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −26.6% and revenue −6.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Shilchar Technologies make, and is it growing? Shilchar Technologies Ltd reported ₹193 Cr of revenue in the Sep 2026 quarter, +12.9% on the same quarter a year earlier. Over 10 years it has grown 20.4% a year on average. The last full year, FY26, came in at ₹652 Cr. The last four reported quarters add to ₹650 Cr. FY26 revenue was ₹652 Cr, +4.7% on the year before. Recent pace: the last four quarters grew −6.6% on average, against 20.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −9.2%, against +18.7% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −29.9%, against +7.2% a year (rolling over). ## How much of every ₹100 of sales does Shilchar Technologies keep? Shilchar Technologies Ltd's operating margin was 21.0% in the Sep 2026 quarter, 10.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 4.3% and 30.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −10.5 percentage points on the year while gross margin changed −10.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Shilchar Technologies' profit turning into cash? Over the last 3 years, 78% of Shilchar Technologies Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹192 Cr of operating cash against ₹158 Cr of profit. After ₹20.0 Cr of spending on assets, ₹172 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 78% of profit came in as cash: the cash cycle got 12 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 12 days longer. The next section looks at where the cash is stuck. ## Where does Shilchar Technologies' cash go? Shilchar Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 105 days in FY26, up from 93 days in FY21. It spent ₹46.0 Cr on assets over the last 3 years. Customers take 86 days to pay, and stock sits for 83 days on average. At FY26 sales of ₹652 Cr, each day of that cycle ties up about ₹1.8 Cr, so roughly ₹188 Cr is tied up in the business at any time. FY26: customers took 86 days to pay and stock sat for 83 days, about 2.7 months of sales sitting as stock, for a full cycle of 105 days, longer than FY21's 93. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 83 days. Customers pay about 86 days after that. Suppliers are paid at 64 days. Together that makes the 105-day cycle. Spending on assets: ₹46.0 Cr over the last 3 years, against ₹10.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹6.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Shilchar Technologies' P/E ratio, and how does it compare with its own history? Shilchar Technologies Ltd's P/E is 33.0×, near the high end of its own history: higher than 83% of past readings. Its usual P/E (the middle reading) is 19.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +7.3% while the price moved −17.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +117.2% a year; about +87.0% a year came from earnings growth and about +30.2 percentage points from the multiple (the market paying more); over 10 years the price moved +38.8% a year; about +26.6% a year came from earnings growth and about +12.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 3.4% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Shilchar Technologies business getting better or worse? Shilchar Technologies Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −9.2% in the latest quarter, against +57.6% at its best in 12 quarters, with ROCE falling at 51.0%. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Shilchar Technologies earn on its capital? Shilchar Technologies Ltd earned a ROCE of 51% in FY26. That is up from a low of 4% in FY20. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 24.2% net margin and 1.10× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 24.2% net margin × 1.10× asset turnover × 1.21× leverage (assets divided by equity) ≈ 32.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 3.4% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Shilchar Technologies have too much debt? Shilchar Technologies Ltd had ₹0.0 Cr of borrowings against ₹490 Cr of equity in FY26, so its debt is 0.00× its equity. Over 5 years borrowings went from ₹8.0 Cr to ₹0.0 Cr. Over the last 3 of those years it spent ₹46.0 Cr on assets. The spending on assets is being paid for from cash, not new debt. ## What is the Shilchar Technologies shareholding pattern? Promoters cut their stake in Shilchar Technologies Ltd by 1.9 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 62.1% of the company. Domestic institutions moved +1.8 points over the same period, to 1.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −1.9 points over 8 quarters, to 62.1%; Domestic institutions: +1.8 points over 8 quarters, to 1.9%; Foreign institutions: −0.6 points over 8 quarters, to 2.6%. Why the owners changed: promoters drove it (−1.9 points), with the other side taken by domestic institutions (+1.8 points). They reduced their stake. ## How far is Shilchar Technologies from balance-sheet trouble? For Shilchar Technologies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Shilchar Technologies rank in its industry? 33.1 out of 100, rank 10 of 12 in Capital Goods - Transformers, with 82% of the evidence available. Shilchar Technologies Ltd scores 33.1 out of 100 against the 12 companies it is compared with in Capital Goods - Transformers, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 3.6 + 21.2 + 7.2 + 1.1 = 33.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Shilchar Technologies compared with? Shilchar Technologies ranks 10 of 12 Capital Goods - Transformers companies on the 4-Factor Sector Score, with 33.1 out of 100. 1. [Indo Tech Transformers Ltd](https://www.sectoralpha.in/stocks/indo-tech-transformers-ltd) INDOTECH · losing its lead · Most evidence points up · 96% evidence 72.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 22.1% · Profit 29.9% · Operating margin change -1 points · 88% evidence Capital efficiency 20.2/25 · ROCE 40.4% · Operating margin 14% · 100% evidence Valuation 15.5/20 · P/E 29× · PEG 0.74 · 100% evidence Relative strength 13.4/20 · Lead over its industry 6.5% · Lead over NIFTY 500 20.6% · 1 year 60.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.9 + 20.2 + 15.5 + 13.4 = 72 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Supreme Power Equipment Ltd](https://www.sectoralpha.in/stocks/supreme-power-equipment-ltd) SUPREMEPWR · turning · Evidence leans up · 78% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 23.9% · Profit 3.6% · Operating margin change -1.4 points · 83% evidence Capital efficiency 14.9/25 · ROCE 22% · Operating margin 17.3% · 76% evidence Valuation 11.8/20 · P/E 24.6× · PEG n/a · 50% evidence Relative strength 19.3/20 · Lead over its industry 4.9% · Lead over NIFTY 500 22.3% · 1 year 17.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 16.2 + 14.9 + 11.8 + 19.3 = 62.2 · What this means: Relative strength against the index is 22.3%, and revenue and profit growth are weak. 3. [CG Power & Industrial Solutions Ltd](https://www.sectoralpha.in/stocks/cg-power-industrial-solutions-ltd) CGPOWER · turning · Evidence leans up · 100% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 23.8% · Profit 28.3% · Operating margin change 1 points · 100% evidence Capital efficiency 18.8/25 · ROCE 26.7% · Operating margin 14% · 100% evidence Valuation 4.3/20 · P/E 90.6× · PEG 6.43 · 100% evidence Relative strength 6.8/20 · Lead over its industry -8% · Lead over NIFTY 500 7.2% · 1 year 9.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.5 + 18.8 + 4.3 + 6.8 = 57.4 · What this means: Earnings are strong; relative strength in its sector is -8% and the one-year return is 9.1%. 4. [Transformers & Rectifiers India Ltd](https://www.sectoralpha.in/stocks/transformers-rectifiers-india-ltd) TARIL · turning · Evidence leans up · 75% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 27.3% · Profit 23.3% · Operating margin change 6 points · 95% evidence Capital efficiency 14.6/25 · ROCE 23.3% · Operating margin 17% · 76% evidence Valuation 10.1/20 · P/E 29.4× · PEG n/a · 15% evidence Relative strength 9.5/20 · Lead over its industry -11.3% · Lead over NIFTY 500 4.6% · 1 year -32.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 23.1 + 14.6 + 10.1 + 9.5 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Marsons Ltd](https://www.sectoralpha.in/stocks/marsons-ltd) MARSONS · breaking out · Evidence leans up · 81% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Revenue 33.5% · Profit 43.6% · Operating margin change -0.9 points · 88% evidence Capital efficiency 13.7/25 · ROCE 24.4% · Operating margin 14.7% · 100% evidence Valuation 7.0/20 · P/E 57.8× · PEG 7.62 · 100% evidence Relative strength 11.3/20 · Lead over its industry n/a · Lead over NIFTY 500 14.1% · 1 year -13.7% · 25% evidence · 9 of 12 weeks ahead Exact sum: 20.3 + 13.7 + 7 + 11.3 = 52.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Voltamp Transformers Ltd](https://www.sectoralpha.in/stocks/voltamp-transformers-ltd) VOLTAMP · breaking out · Evidence leans down · 100% evidence 44.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 22.8% · Profit -1.8% · Operating margin change -4 points · 100% evidence Capital efficiency 15.6/25 · ROCE 23.5% · Operating margin 15% · 100% evidence Valuation 3.2/20 · P/E 32.4× · PEG 4.92 · 100% evidence Relative strength 12.1/20 · Lead over its industry 0.3% · Lead over NIFTY 500 16.9% · 1 year 39.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 13.9 + 15.6 + 3.2 + 12.1 = 44.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Ujaas Energy Ltd](https://www.sectoralpha.in/stocks/ujaas-energy-ltd) UEL · leader · Evidence leans down · 77% evidence 43.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.4/35 · Revenue -26% · Profit -3.5% · Operating margin change 9.5 points · 100% evidence Capital efficiency 6.8/25 · ROCE 3.9% · Operating margin 20.4% · 100% evidence Valuation 8.5/20 · P/E 378× · PEG n/a · 15% evidence Relative strength 15.1/20 · Lead over its industry 4.4% · Lead over NIFTY 500 21.2% · 1 year 58.8% · 70% evidence · 12 of 12 weeks ahead Exact sum: 13.4 + 6.8 + 8.5 + 15.1 = 43.8 · What this means: Relative strength against the index is 21.2%, and revenue and profit growth are weak. 8. [Bharat Bijlee Ltd](https://www.sectoralpha.in/stocks/bharat-bijlee-ltd) BBL · turning · Evidence leans down · 100% evidence 40.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue 26.4% · Profit -11.6% · Operating margin change 1 points · 100% evidence Capital efficiency 4.9/25 · ROCE 8.4% · Operating margin 8% · 100% evidence Valuation 10.7/20 · P/E 20.3× · PEG 4.48 · 100% evidence Relative strength 5.1/20 · Lead over its industry -20.6% · Lead over NIFTY 500 -5.2% · 1 year -22.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.5 + 4.9 + 10.7 + 5.1 = 40.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Schneider Electric Infrastructure Ltd](https://www.sectoralpha.in/stocks/schneider-electric-infrastructure-ltd) SCHNEIDER · quiet · Evidence leans down · 96% evidence 35.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.2/35 · Revenue 9.5% · Profit -29.9% · Operating margin change -6 points · 88% evidence Capital efficiency 15.5/25 · ROCE 29.6% · Operating margin 5% · 100% evidence Valuation 5.8/20 · P/E 135× · PEG 2.78 · 100% evidence Relative strength 6.7/20 · Lead over its industry -5.2% · Lead over NIFTY 500 9% · 1 year 30.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 7.2 + 15.5 + 5.8 + 6.7 = 35.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. Shilchar Technologies Ltd this page SHILCTECH · quiet · Most evidence points down · 82% evidence 33.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 3.6/35 · Revenue -9.2% · Profit -29.9% · Operating margin change -10 points · 95% evidence Capital efficiency 21.2/25 · ROCE 50.7% · Operating margin 21% · 76% evidence Valuation 7.2/20 · P/E 32.8× · PEG n/a · 50% evidence Relative strength 1.1/20 · Lead over its industry -21.7% · Lead over NIFTY 500 -7.7% · 1 year -17.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 3.6 + 21.2 + 7.2 + 1.1 = 33.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Danish Power Ltd](https://www.sectoralpha.in/stocks/danish-power-ltd) DANISH · breaking out · Too little evidence to rank firmly · 32% evidence 52.9 out of 100 Growth Capital Valuation Relative
12. [Vilas Transcore Ltd](https://www.sectoralpha.in/stocks/vilas-transcore-ltd) VILAS · breaking out · Too little evidence to rank firmly · 32% evidence 45.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Transformers](https://www.sectoralpha.in/sectors/capital-goods-transformers), all 12 compared on one page. ## Which companies are close to Shilchar Technologies in size? Shilchar Technologies is the 5th largest of 12 Capital Goods - Transformers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Schneider Electric Infrastructure, Voltamp Transformers and Transformers & Rectifiers India. Just below it: Indo Tech Transformers, Bharat Bijlee and Marsons. ### Capital Goods - Transformers companies close in size

1. [Schneider Electric Infrastructure Ltd](https://www.sectoralpha.in/stocks/schneider-electric-infrastructure-ltd) ₹26,088 crore
2. [Voltamp Transformers Ltd](https://www.sectoralpha.in/stocks/voltamp-transformers-ltd) ₹10,472 crore
3. [Transformers & Rectifiers India Ltd](https://www.sectoralpha.in/stocks/transformers-rectifiers-india-ltd) ₹8,954 crore
4. Shilchar Technologies Ltd ₹4,091 crore
5. [Indo Tech Transformers Ltd](https://www.sectoralpha.in/stocks/indo-tech-transformers-ltd) ₹2,884 crore
6. [Bharat Bijlee Ltd](https://www.sectoralpha.in/stocks/bharat-bijlee-ltd) ₹2,634 crore
7. [Marsons Ltd](https://www.sectoralpha.in/stocks/marsons-ltd) ₹2,558 crore

[All 12 Capital Goods - Transformers companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-transformers#all-companies)

### Companies close in size in other industries

1. [Uflex Ltd](https://www.sectoralpha.in/stocks/uflex-ltd) ₹4,098 crore · Packaging - BOPP
2. [Northern Arc Capital Ltd](https://www.sectoralpha.in/stocks/northern-arc-capital-ltd) ₹4,091 crore · Finance & Investments - Microfinance
3. Shilchar Technologies Ltd ₹4,091 crore
4. [Mahindra Logistics Ltd](https://www.sectoralpha.in/stocks/mahindra-logistics-ltd) ₹4,090 crore · Logistics - Warehousing/Supply Chain
5. [Tribhovandas Bhimji Zaveri Ltd](https://www.sectoralpha.in/stocks/tribhovandas-bhimji-zaveri-ltd) ₹4,056 crore · Diamond, Gems & Jewellery

## What else do people ask about Shilchar Technologies? ### What is Shilchar Technologies's share price today? Shilchar Technologies Ltd's share price is ₹3,597.10, −17.0% over the past year. The whole company is worth ₹4,115 Cr on the market. In the last 52 weeks it traded between ₹2,962 to ₹5,161; today it is 29% of the way up from the low, 13.1% below its 200-day average (as of 3 November 2026). ### What were Shilchar Technologies's latest quarterly results? Shilchar Technologies Ltd reported revenue of ₹193 Cr and net profit of ₹33.0 Cr for the Sep 2026 quarter. Revenue rose 12.9% and profit fell 28.3% compared with a year earlier. Earnings per share were ₹28.83. The operating margin was 21.0%, 10.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Shilchar Technologies's market cap? Shilchar Technologies Ltd's market capitalisation is ₹4,115 Cr at a share price of ₹3,597.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Shilchar Technologies performing? Shilchar Technologies Ltd's share price has been falling for 6 weeks. In its latest quarter, revenue rose 12.9% and profit fell 28.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 13 weeks running (as of 3 November 2026). ### Will Shilchar Technologies's share price go up? This page does not forecast Shilchar Technologies Ltd's share price. What it shows instead: the share price is ₹3,597.10, and it has been falling for 6 weeks. Its P/E of 33.0× is higher than 83% of its own last 11 years (as of 3 November 2026). ### Who owns Shilchar Technologies? Promoters own 62.1% of Shilchar Technologies Ltd, foreign institutions 2.6%, domestic institutions 1.9% and the public 33.4% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 1.9 percentage points over 8 quarters (as of 3 November 2026). ### Does Shilchar Technologies have too much debt? No, Shilchar Technologies Ltd has little debt: its debt is 0.00× its equity, and its operating profit is 53 times its interest bill. FY26 borrowings were ₹0.0 Cr against equity of ₹490 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Shilchar Technologies in its business cycle? Shilchar Technologies Ltd's FY26 operating margin was 29.0%, against a 13-year range of 4.3% to 30.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 21.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Shilchar Technologies story? The main question: domestic institutions moved +1.8 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Shilchar Technologies a stock worth studying right now? What the numbers show: Shilchar Technologies Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Shilchar Technologies share price forecast for 2026? What management itself guided: FY27 revenue ₹750 crore on-track with deliveries scheduled in H2. ## Lists

- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

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