Ashish Kacholia Stock Jumps 4% After Motilal Oswal MF Sells 3.07% Stake in the Company

Synopsis: Motilal Oswal Mutual Fund cut its stake in Shaily Engineering Plastics by 3.07%, reducing holdings from 8.38% to 5.31% through market transactions while remaining a key shareholder.

This Ashish Kacholia’s Stock, engaged in manufacturing and selling precision injection moulded plastic components and sub-assemblies for healthcare, consumer, automotive, and industrial applications, is in focus after Motilal Oswal Mutual Fund reduced its stake by 3.0662 percent in the company.

With a market capitalization of Rs. 10,618.84 crores, the share of Shaily Engineering Plastics Limited has reached an intraday high of Rs. 2356.85 per equity share, rising nearly 3.61 percent from its previous day’s close price of Rs. 2274.70. Since then, the stock has retreated and is currently trading at Rs. 2310.70 per equity share. 

What is the News?

Motilal Oswal Mutual Fund has reduced its stake in Shaily Engineering Plastics through market transactions, as per its latest regulatory filing dated March 18, 2026. The Motilal Oswal Mutual Fund sold around 14,09,072 shares, representing a 3.0662 percent stake in the company on March 12, 2026.

Before the sale, Motilal Oswal held 38,51,478 shares, equivalent to an 8.3810 percent stake. Following the disposal, its holding has declined to 24,42,406 shares, or 5.3148 percent. The transaction reflects a partial stake reduction across multiple schemes, while the fund continues to remain a significant shareholder in the company.

Manufacturing Facilities

Shaily Engineering Plastics Limited operates seven advanced manufacturing facilities with over 200 molding machines ranging from 35 to 1,000 tons. Its plants in Rania and Halol (Gujarat) cater to sectors like pharmaceuticals, automotive, and engineering, including cleanroom manufacturing, making it a strong player in precision plastic components and exports.

Additionally, the company is setting up a new medical device manufacturing facility in Abu Dhabi with an investment of AED 130-150 million. The plant will have a capacity of around 75 million pen injectors annually and is expected to be operational by Q4 FY28. This expansion will strengthen its global presence and support growth in the drug-delivery segment.

Shareholding Pattern

In December 2025, Shaily Engineering Plastics Limited had a majority stake held by the promoters at 43.39 percent, foreign institutional investors at 12.01 percent, domestic institutional investors at 13.64 percent, and the public at 30.97 percent. Ace investor Ashish Kacholia holds a 5.2 percent stake in Shaily Engineering Plastics Limited, valued at Rs. 553 crores, consisting of 23,93,680 shares. 

Company Overview

Shaily Engineering Plastics Limited was founded in 1987 and is an Indian manufacturer of high-precision engineering plastic components and healthcare devices, headquartered in Gujarat. It is one of India’s largest exporters of plastic components, supplying global OEMs across healthcare, consumer and speciality industrial segments.

Recent Quarter Results

Coming into financial highlights, Shaily Engineering Plastics Limited’s revenue has increased from Rs. 198 crore in Q3 FY25 to Rs. 250 crore in Q3 FY26, which has grown by 26.26 percent. The net profit has also grown by 48 percent from Rs. 25 crore in Q3 FY25 to Rs. 37 crore in Q3 FY26. Shaily Engineering Plastics Limited’s revenue and net profit have grown at a CAGR of 11.48 percent and 38.51 percent, respectively, over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 19.5 percent and 18.5 percent, respectively. Shaily Engineering Plastics Limited has an earnings per share (EPS) of Rs. 34.5, and its debt-to-equity ratio is 0.30x.

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