Shilchar

Vadodara, India Founded: 1990 • Age: 36 yrs Listed
Transformers are manufactured by Shilchar in Vadodara, India.
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About Shilchar

Shilchar is a publicly listed company based in Vadodara (India) founded in 1990. Transformers are manufactured by Shilchar in Vadodara, India. The company has 183 employees. Its chief executive, as recorded, is Alay J Shah. Its Indian entity Shilchar Technologies Limited reported revenue of ₹678 Cr. Shilchar offers products and services including Power Transformers and Electronics Transformers. Its focus areas include Energy and Transformers.

Company details

Shilchar was founded in 1990 and is based in Vadodara, India. Transformers are produced by the company for the electrical equipment sector. Operations focus on manufacturing processes tailored to industrial needs. The firm operates primarily in the power and distribution transformer markets. Leadership is provided by CEO Alay J Shah, with the official domain registered as shilchar.com. Geographic emphasis remains on Indian markets.

  • Headquarters Vadodara, India
  • Employees 183
  • Stage Public
  • Sectors
    Energy & Utilities
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website shilchar.com
  • Social LinkedIn
  • Legal Name Shilchar Technologies Limited
Operational Areas
Energy & Utilities → Power Transmission & Distribution
Key Metrics
  • Market Cap
    ₹4,064 Cr

    SHILCTECH · NSE

  • Share Price
    ₹3,533.10

    -0.55% today

  • Revenue
    ₹652 Cr

    FY 2025-26 · +4.6% YoY

  • EBITDA
    ₹190 Cr

    Margin 29.2%

  • Net Profit
    ₹158 Cr

    FY 2025-26 · +7.5% YoY

  • P/E (TTM)
    33.2x

    P/B 7.8x

  • ROE
    37.8%

    ROCE 50.5%

  • Employee Count
    183

Products & Services of Shilchar

Shilchar offers a comprehensive portfolio of products and services, including Power Transformers and Electronics Transformers.

Power Transformers
Energy Equipment

Power transformers are designed for distribution purposes in energy systems

Electronics Transformers
Telecom Equipment

Electronics and telecom transformers are produced for communication applications

Board of directors of Shilchar Technologies Limited (Shilchar)

Shilchar Technologies Limited is the primary company behind Shilchar. The board of Shilchar Technologies Limited currently have 7 directors; the longest-serving is Alay Jitendra Shah, appointed in 2007. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Alay Jitendra Shah
DIN 00263538
Managing Director01 Oct 200719 yrs 1 moShilchar Technologies Limited
Rajesh Rama Varma
DIN 01034325
Director08 Feb 20206 yrs 8 moShilchar Technologies Limited
Aashay Alay Shah
DIN 06886870
Whole-time director01 Nov 20215 yrsShilchar Technologies Limited
Rakesh Dhanraj Bansal
DIN 00002179
Director06 Feb 20242 yrs 9 moShilchar Technologies Limited
Nandini Ashish Tandon
DIN 01657786
Director26 Mar 20251 yr 7 moShilchar Technologies Limited
Arvind Narayanprasad Nopany
DIN 00148521
Director06 Mar 20268 moShilchar Technologies Limited
Aatman Alay Shah
DIN 06886862
Whole-Time Director06 Mar 20268 moShilchar Technologies Limited

People of Shilchar

21 people are tracked at Shilchar (5 in leadership, 16 in team); the tracked headcount is 183.

NameRoleGroup
Alay J Shah
CEOLeadership
Amit Sharma
Chief Operating OfficerLeadership
Ashok Bhambhani
Head - Business DevelopmentLeadership
Alay Jitendra Shah
CEO, MD & Chairman of the BoardLeadership
Bhargav Bhatt
Chief Technology OfficerLeadership
Jigar Patel
Assistant Quality Assurance ManagerTeam
Hitendrasinh Chauhan
Mechanical DraftsmanTeam
Manish Dalwadi
Sr.electrical ExecutiveTeam
Hemesh Solanki
Senior Engineer QCTeam
Gaurao D.
Senior Manager International BusinessTeam
Jay Parekh
Mechanical DesignerTeam
Sachinkumar Shah
Senior Executive Quality AssuranceTeam
Jignesh Mali
Human ResourceTeam
Ashvin Shrimali
Manager-coreTeam
Vishwas D.
HR ManagerTeam
Aashay Shah
Manager Business DevelopmentTeam
Aatman Shah
Business Development ManagerTeam
Yagnadatt Vishwakarma
Electrical EngineerTeam
Sabeer Bhana
Service EngineerTeam
Rahul Valand
Senior Account OfficerTeam

1 more people are available in the full profile.

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IPO & Listings of Shilchar

Shilchar is a publicly listed company on the BSE with ticker symbol SHILCTECH in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date25 Jul 2005
  • Listed onBSE: 531201
  • Listed entityShilchar Technologies Limited
  • Exchange sectorProducer manufacturing
  • ISININE024F01011
  • Share price₹4,358.55 (+0.31% on the day) · 2026-05-11
  • Market capitalisation₹4,929 Cr
  • Price to earnings31.5
  • EPS (diluted, trailing year)₹138.25
  • Dividend yield0.29%
  • Volume (last session)4,569
  • Analyst consensusNo rating

Financials of Shilchar

Exchange-reported figures of Shilchar Technologies Limited, the listed company behind Shilchar (NSE: SHILCTECH).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹652 Cr
+4.6% YoY
EBITDA
₹190 Cr
+3.1% YoY
Profit After Tax
₹158 Cr
+7.4% YoY
Net Worth
₹491 Cr
+41.5% YoY
Total Assets
₹493 Cr
+41.5% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue65262339728018011871.28
Revenue growth+4.6%+57.0%+41.6%+55.5%+52.9%+65.3%-
EBITDA19018511353.0919.429.503.06
EBITDA margin+29.2%+29.7%+28.6%+18.9%+10.8%+8.1%+4.3%
Profit before tax21219712358.1719.127.222.00
Net profit15814791.9043.2314.045.521.47
Net profit margin+24.3%+23.6%+23.2%+15.4%+7.8%+4.7%+2.1%
EPS (₹)138.25192.55120.48113.0836.8214.483.93
Balance sheet
Total assets49334821012297.8775.2476.84
Net worth49134721012179.7766.3361.14
Total debt0.000.000.000.0017.038.1514.71
Cash & bank43.9836.7460.169.280.891.981.87
Net working capital20622914475.6860.4336.3536.76
Cash flow
Cash from operations19239.5676.4839.22(6.45)10.375.83
Cash from investing(169)(47.77)(22.63)(12.10)(0.87)(1.26)(0.06)
Cash from financing(30.96)4.57(28.99)(18.59)6.06(9.64)(4.28)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue193135152170171159232154
Revenue growth (YoY)+12.5%-15.2%-34.6%+10.8%+31.2%+48.4%--
Other income6.807.186.676.089.074.234.594.71
Total expenses153113120118118106161111
EBITDA40.0622.0631.9152.4953.6052.4271.2343.09
EBITDA margin+20.8%+16.4%+21.0%+30.8%+31.3%+33.0%+30.7%+28.0%
Depreciation1.081.061.011.021.010.990.980.95
Interest0.100.100.100.180.090.100.160.08
Profit before tax45.6828.0837.4757.3761.5755.5674.6846.77
Tax12.717.219.0915.0315.6314.0719.3212.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue193135152170171159232154
Revenue growth (YoY)+12.5%-15.2%-34.6%+10.8%+31.2%+48.4%--
Other income6.807.186.676.089.074.234.594.71
Total expenses153113120118118106161111
EBITDA40.0622.0631.9152.4953.6052.4271.2343.09
EBITDA margin+20.8%+16.4%+21.0%+30.8%+31.3%+33.0%+30.7%+28.0%
Depreciation1.081.061.011.021.010.990.980.95
Interest0.100.100.100.180.090.100.160.08
Profit before tax45.6828.0837.4757.3761.5755.5674.6846.77
Tax12.717.219.0915.0315.6314.0719.3212.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue65262339728018011871.28
Revenue growth+4.6%+57.0%+41.6%+55.5%+52.9%+65.3%-
Other income26.0516.4712.838.083.352.392.99
Total expenses46243828422716110868.22
Employee cost24.2620.4414.1311.627.706.676.79
EBITDA19018511353.0919.429.503.06
EBITDA margin+29.2%+29.7%+28.6%+18.9%+10.8%+8.1%+4.3%
Depreciation4.023.412.602.402.582.512.59
Interest0.470.440.210.601.072.161.46
Profit before tax21219712358.1719.127.222.00
Tax53.8150.5231.4415.045.081.710.50
Net profit15814791.9043.2314.045.521.47
Net profit margin+24.3%+23.6%+23.2%+15.4%+7.8%+4.7%+2.1%
EPS (₹)138.25192.55120.48113.0836.8214.483.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.447.637.633.813.813.813.81
Reserves & surplus47933920211875.9662.5257.33
Shareholders' funds (net worth)49134721012179.7766.3361.14
Secured loans0.000.000.000.0017.038.1511.71
Unsecured loans0.000.000.000.000.000.003.00
Total debt0.000.000.000.0017.038.1514.71
Total liabilities49334821012297.8775.2476.84
Assets
Gross block92.4478.7457.1653.2148.4746.9146.48
Net block69.2958.8440.6638.9135.9336.9538.99
Capital work in progress6.410.004.530.060.050.000.00
Investments20253.8820.436.930.001.260.00
Inventories92.1893.0759.5623.1231.5327.2121.22
Sundry debtors15422993.6292.1169.0030.8832.63
Cash & bank balances43.9836.7460.169.280.891.981.87
Loans & advances10.899.3910.184.274.946.305.03
Total current assets30136822412910666.3760.75
Total current liabilities94.7613979.5653.1045.9330.0223.99
Net working capital20622914475.6860.4336.3536.76
Total assets49334821012297.8775.2476.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash29.8233.468.600.061.311.830.35
Net cash from operating activities19239.5676.4839.22(6.45)10.375.83
Net cash from investing activities(169)(47.77)(22.63)(12.10)(0.87)(1.26)(0.06)
Net cash from financing activities(30.96)4.57(28.99)(18.59)6.06(9.64)(4.28)
Net change in cash(8.33)(3.64)24.868.54(1.25)(0.52)1.48
Closing cash43.9836.7460.169.280.891.981.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+4.6%+57.0%+41.6%+55.5%+52.9%+65.3%-
EBITDA growth+3.1%+63.1%+113.4%+173.4%+104.4%+210.5%-
PBT growth+7.4%+60.1%+112.0%+204.2%+164.8%+261.0%-81.3%
Net income growth+7.5%+60.2%+112.6%+207.9%+154.4%+275.5%-
Revenue CAGR (3Y)+32.5%+51.2%+49.9%+57.8%+15.0%+10.4%-13.3%
EBITDA CAGR (3Y)+53.1%+111.9%+128.5%+158.9%+10.9%+0.3%-44.2%
Profitability & leverage
Net income margin+24.3%+23.6%+23.2%+15.4%+7.8%+4.7%+2.1%
Return on capital employed+50.5%+70.8%+74.2%+53.4%+23.3%+12.4%+4.5%
Return on net worth+37.8%+52.8%+55.5%+42.9%+19.2%+8.7%+2.5%
Debt / equity0.000.000.000.080.170.180.25
Long-term debt / equity0.000.000.000.010.050.110.16
Interest cover0.250.240.191.186.3530.90310.64
Efficiency & per share
Fixed asset turnover7.629.177.195.513.782.521.54
Inventory turnover7.048.179.6010.266.134.873.73
Debtors turnover3.413.874.273.483.613.712.21
EPS (₹)138.25192.55120.48113.0836.8214.483.93
Dividend per share (₹)12.5012.5012.5010.004.001.501.00
Book value per share (₹)429.05454.75274.81318.46209.18173.95160.34

Web traffic of Shilchar

The website of Shilchar (shilchar.com) receives about 9.6K visits a month.

  • Monthly visits
    9.6K

    ▲ 23.8% vs previous month

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Top companies in Power Transmission & Distribution

3 companies that operate in the same segment as Shilchar (Power Transmission & Distribution) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
TSSPDCL
Power distribution and secure services in Telangana.
2014Hyderabad, Telangana, IndiaUSD 4.12 B16,102
KRYFS
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
Sterlite Power
Electricity transmission utility projects are developed in India.
2010Mumbai, Maharashtra, IndiaUSD 167.58 MUSD 603.94 M
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Related news about Shilchar

SHILCTECH: Q2 REVENUE 1.93B RUPEES VS 1.7B (YOY)
Exchange Update • 11 days ago
SHILCTECH: Q2 SL NET PROFIT 330M RUPEES VS 459M (YOY)
Exchange Update • 11 days ago
SHILCTECH: Q2 EBITDA 401M RUPEES VS 536M (YOY); Q2 EBITDA MARGIN 20.80% VS 31.29% (YOY)
Exchange Update • 11 days ago
Tribhovandas Bhimji Zaveri Ltd leads losers in 'B' group | Capital Market News - Business Standard
Business Standard • 2 months ago
Shilchar Technologies standalone net profit declines 49.72% in the June 2026 quarter | Capital Market News - Business Standard
Business Standard • 2 months ago
Promoter remains seller for second straight day, offloads 0.87% stake in Shilchar Technologies
Moneycontrol • 1 year ago
Alchemy Capital picks 0.78% stake in power and distribution transformers maker Shilchar Technologies
Moneycontrol • 1 year ago
Shilchar Technologies Announces ₹90 Crore Capacity Expansion
Moneycontrol • 1 year ago
Shilchar Technologies Recommends ₹12.5 Dividend, 1:2 Bonus Issue; AGM on August 12
Moneycontrol • 1 year ago
Shilchar Technologies March-Quarter Net Profit 553.6 Mln Rupees
Reuters • 1 year ago
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Frequently Asked Questions about Shilchar

Shilchar was founded in 1990.

Shilchar is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.

Alay J Shah is the CEO of Shilchar, as recorded in our data.

Shilchar has 183 employees.

The primary company behind Shilchar, Shilchar Technologies Limited, reported revenue of ₹678 Cr for FY 2026, up 5% year on year.

Shilchar was founded in 1990 and is based in Vadodara, India. Transformers are produced by the company for the electrical equipment sector. Operations focus on manufacturing processes tailored to industrial needs. The firm operates primarily in the power and distribution transformer markets. Leadership is provided by CEO Alay J Shah, with the official domain registered as shilchar.com. Geographic emphasis remains on Indian markets.

Shilchar offers Power Transformers and Electronics Transformers.

Yes, Shilchar is publicly traded on BSE under the ticker symbol SHILCTECH.

Shilchar operates through Shilchar Technologies Limited.

The legal entities of Shilchar currently have 9 directors, including Rajesh Rama Varma, Aashay Alay Shah, Alay Jitendra Shah and others.

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