Shilchar Technologies Limited

BSE: 531201 NSE: SHILCTECH
Shilchar Technologies Limited - energy and power in Padra, Gujarat, India. FY 2026 financials & compliance.
CIN L29308GJ1986PLC008387 Incorporated 13 January 1986 ROC Ahmedabad HQ Padra, Gujarat, India
Active Listed - NSE: SHILCTECH · BSE: 531201 Public Limited Company energy and power
Data last updated
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%
Authorised capital
₹15 Cr
Registered with MCA

About Shilchar Technologies Limited

Data last updated:

Shilchar Technologies Limited is a public limited company based in Padra, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 13 January 1986 and has been in existence for over 40 years.

Its director Alay Jitendra Shah and family are #893 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L29308GJ1986PLC008387. Its GSTIN is 24AADCS3108B1Z2 (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 531201 and NSE: SHILCTECH.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.44 Cr. It was formerly known as Shilchar Electronics Private Ltd and Shilchar Electronics Ltd. It is led by directors including Alay Jitendra Shah (Managing Director) and Aashay Alay Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Block No. 460 Near Muval Sub – Station, Padra – Jambusar Highway, Gujarat, India – 391430.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹651.94 Cr, a growth of 4.6% compared to the previous year. For the same year it recorded a net profit of ₹158.23 Cr (net margin 24.3%) and EBITDA of ₹190.42 Cr (EBITDA margin 29.2%). The net worth stands at ₹490.85 Cr (up 41.5% YoY). Total assets are valued at ₹493.02 Cr (up 41.5% YoY).

The company has about 118 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Shilchar. As per MCA filings, the company has open charges of ₹122 Cr and satisfied charges of ₹174.25 Cr on record. Court records list 28 cases involving the company, including 21 filed by the company and 7 filed against it; 5 cases are pending. The company has 11 deals on record (11 market trades); the latest was in October 2025. The company has 10 MSME Form 1 returns on record between 2019 and 2022, listing 100 overdue payments to 18 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shilchar.com.

Company details

CIN L29308GJ1986PLC008387
Registration Number 008387
Incorporation Date 13 January 1986
ROC Ahmedabad
Listing Status Listed - Listed on NSE (SHILCTECH); Listed on BSE (531201)
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Shilchar Technologies has undergone 2 name changes throughout its history. The company was previously known as Shilchar Electronics Private Ltd, and Shilchar Electronics Ltd. The current legal name is Shilchar Technologies Limited.

Company NameStatus
Shilchar Technologies LimitedCurrent
Shilchar Electronics Private LtdPrevious
Shilchar Electronics LtdPrevious

CIN history

Shilchar Technologies has one previous CIN (Corporate Identification Number): L29308GJ1986PTC008387. The current CIN is L29308GJ1986PLC008387, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L29308GJ1986PLC008387Current
L29308GJ1986PTC008387Previous
Key People
Alay Jitendra Shah Managing Director Aashay Alay Shah Whole-Time Director Aatman Alay Shah Whole-Time Director

Recognitions & Rankings of Shilchar Technologies

Contact details

Shilchar Technologies Limited's registered office is in Padra, Gujarat. Its website is shilchar.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    shilchar.com
  • Social Media
  • Registered Address
    Block No. 460 Near Muval Sub – Station, Padra – Jambusar Highway, Gujarat, India – 391430
  • Industry
    Energy and Power, Power Equipment Manufacturers

To see the full contact details of Shilchar Technologies Limited, buy the company report.

Comprehensive company report
Shilchar Technologies Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Shilchar Technologies operates one associated brand: Shilchar. Each brand links to its own profile.

BrandDescriptionWebsite
Shilchar
Transformers are manufactured by Shilchar in Vadodara, India.shilchar.com

Business activity

The main business activity of Shilchar Technologies is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
DElectricity, gas, steam and air conditioning supply35Electricity, gas, steam and air conditioning supply

To see the full business activity and turnover split of Shilchar Technologies Limited, buy the company report.

Financials of Shilchar Technologies Limited

FY 2025-26 filings available

Shilchar Technologies Limited reported revenue of ₹651.94 Cr (up 4.6% YoY) for FY 2025-26.

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

To see the full year-wise statements and ratios of Shilchar Technologies Limited, buy the company report.

Board of directors of Shilchar Technologies Limited

Shilchar Technologies has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajesh Rama Varma
Also directs: Greystuff Strategy LLP, Rvco Consultants LLP, Excel Industries Limited
Director08 Feb 20206 Years 9 MonthsCurrent
Aashay Alay Shah
Also directs: Ajshah Enterprise Private Limited
Whole-Time Director01 Nov 20215 Years 0 MonthsCurrent
Alay Jitendra Shah
Also directs: Ajshah Enterprise Private Limited
Managing Director01 Oct 200719 Years 1 MonthsCurrent
Nandini Ashish Tandon
Also directs: None Two Many Clothing LLP, Indusface Private Limited, Indusface Telecom Private Limited
Director26 Mar 20251 Years 7 MonthsCurrent
Rakesh Dhanraj Bansal
Also directs: Raks Supplychain Solution LLP
Director06 Feb 20242 Years 9 MonthsCurrent
Arvind Narayanprasad Nopany
Also directs: Nopany Enterprises LLP, Dan Cement Trading LLP, Greenpro Nettings Private Limited and 4 more
Director06 Mar 20260 Years 8 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Shilchar Technologies Limited is audited by C N K & Associates LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
C N K & Associates LLPFY 2025101961W/W-100036

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 62.10%, foreign institutional investors hold 2.60%, domestic institutional investors hold 1.90% and retail and other public shareholders hold 33.40%.

Promoters: 62.10%DII (Domestic Institutional): 1.90%FII (Foreign Institutional): 2.60%Retail & Others: 33.40%
Sep 2026
QUARTER
62.10% Promoters
1.90% DII (Domestic Institutional)
2.60% FII (Foreign Institutional)
33.40% Retail & Others
Promoter holding - history
Now 62.10% · Sep 2026High 64.00% · Dec 2025Low 62.10% · Mar 2026
61%62%63%64%65%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 64.00%Mar 2026: 62.10%Jun 2026: 62.10%Sep 2026: 62.10%64.00%62.10%62.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters62.10%62.10%62.10%64.00%
Public37.90%37.90%37.90%36.00%

Charges & borrowings

Open charges
₹122 Cr
Satisfied charges
₹174.25 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹50.00 Cr
Idbi Bank Limited₹48.00 Cr
The Hongkong and Shanghai Banking Corporation Limited₹24.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 Nov 2024100996969Idbi Bank Limited₹48 CrOpen
25 Nov 2020100395581The Hongkong and Shanghai Banking Corporation Limited₹14 CrOpen
21 Dec 2019100315554Hdfc Bank Limited₹50 CrOpen
25 Jun 2018100241018The Hongkong and Shanghai Banking Corporation Limited₹10 CrOpen
09 Oct 2020100383446The Hongkong and Shanghai Banking Corporation Limited₹10 CrSatisfied

To see the full charge records of Shilchar Technologies Limited, buy the company report.

Total charge records: 15 View all charges

Deals & funding

Shilchar Technologies Limited has 11 deals on record (11 market trades); the latest was in October 2025.

Total deals
11
Market trades
11

Deals on record (5 of 11)

WhenDealAmountParties
Oct 2025Market trade₹43.73 CrSeller: an individual
Oct 2025Market trade₹50.9 CrBuyer: an individual
Seller: an individual
Dec 2022Market trade₹3.78 CrBuyer: an individual
Mar 2018Market trade₹1.58 CrBuyer: an individual
Seller: an individual
Jul 2017Market trade₹3 CrBuyer: an individual
Seller: Shah Family Llc

To see the full deal history of Shilchar Technologies Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Shilchar Technologies Limited was last rated by Care on 06 Jun 2022.

Rating agencyRated onRating
Care06 Jun 2022

To see the full credit ratings and regulatory alerts of Shilchar Technologies Limited, buy the company report.

MSME payment delays

Shilchar Technologies Limited has 10 MSME Form 1 returns on record between 2019 and 2022, listing 100 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 18)

SupplierAmount dueDue sinceReported on
Mahesh Vidyut Udyog
an individual supplier
Cji Porcelain Private Limited
an individual supplier
an individual supplier

To see the full MSME payment records of Shilchar Technologies Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Shilchar Technologies Limited has a workforce of 118 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.

Employee count
118
Active EPFO establishments
1
Employee growth
4.42%

GST

Shilchar Technologies has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AADCS3108B1Z2GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Shilchar Technologies Limited, buy the company report.

Recent activity

Shilchar Technologies Limited has 24 board changes on record since 1995: 16 appointments and 8 cessations. The latest: Aatman Alay Shah was appointed as Whole-Time Director on 06 Mar 2026.

Filing
Shilchar Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Appointed
Aatman Alay Shah was appointed as Whole-Time Director.
Appointed
Arvind Narayanprasad Nopany was appointed as Director.
AGM
Shilchar Technologies Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records.
Charges
A charge registered on 09 Oct 2020 via Charge ID 100383446 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 15 May 2025.
Ceased
Reshma Suresh Patel ceased to be Director.
Appointed
Nandini Ashish Tandon was appointed as Director.
Charges
A charge with Idbi Bank Limited amounted to Rs. 48.00 Cr with Charge ID 100996969 was registered on 05 Nov 2024.
Ceased
Mukesh Dahyabhai Patel ceased to be Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 14.00 Cr registered on 25 Nov 2020 with Charge ID 100395581 was modified on 22 Feb 2024.
Appointed
Rakesh Dhanraj Bansal was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 50.00 Cr registered on 21 Dec 2019 with Charge ID 100315554 was modified on 01 Mar 2023.

47 earlier events are in the company report.

News

SHILCTECH: Q2 REVENUE 1.93B RUPEES VS 1.7B (YOY)
28 Oct 2026 · Exchange Update
SHILCTECH: Q2 SL NET PROFIT 330M RUPEES VS 459M (YOY)
28 Oct 2026 · Exchange Update
SHILCTECH: Q2 EBITDA 401M RUPEES VS 536M (YOY); Q2 EBITDA MARGIN 20.80% VS 31.29% (YOY)
28 Oct 2026 · Exchange Update

Frequently asked questions

Shilchar Technologies is an active public limited company based in Padra, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 13 January 1986 (40+ years old) and is registered under CIN L29308GJ1986PLC008387. Listed on BSE: 531201 and NSE: SHILCTECH.

Shilchar Technologies reported revenue of ₹651.94 Cr for FY 2025-26 (up 4.6% YoY) based on standalone financials.

Shilchar Technologies has 7 current directors:

The latest financial statements of Shilchar Technologies on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Shilchar Technologies is 24AADCS3108B1Z2, registered in Gujarat.

The CIN (Corporate Identification Number) of Shilchar Technologies is L29308GJ1986PLC008387. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Shilchar Technologies is a listed company as per MCA records. Its shares are listed on both BSE (code: 531201) and NSE (symbol: SHILCTECH).

Shilchar Technologies has 28 court cases on record: 21 filed by the company and 7 filed against it. 5 are pending. Most are in the district courts.

Shilchar Technologies was incorporated on 13 January 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Shilchar Technologies has 11 deals on record (11 market trades); the latest was in October 2025.

Aatman Alay Shah was appointed as Whole-Time Director on 06 Mar 2026. Arvind Narayanprasad Nopany was appointed as Director on 06 Mar 2026. Reshma Suresh Patel ceased to be Director on 27 Mar 2025. Shilchar Technologies has 24 board changes on record in total.