Shish Industries Share Price

Shish Industries Limited is an Indian industrial solutions company headquartered in Surat, Gujarat. It specialises in the manufacture, trading, and marketing of industrial packaging products, building envelope systems, thermal insulation materials, and advanced composites. The company was founded in 2012 by Mr. Satishkumar Maniya as a partnership firm and later converted into a Public Limited Company on 11th May 2017. Shish Industries is listed on the BSE with scrip code 540693, ISIN INE145Y01023, and ticker symbol SHISHIND. 

The company operates a 400,000 sq. ft. manufacturing facility in Surat, Gujarat, equipped with extrusion lines, co-extrusion lamination, custom fabrication and assembly plants, along with research and development innovation labs. Shish Industries holds patented technologies and global certifications and maintains a presence outside India through a fully-owned U.S. subsidiary. The company’s operations cover multiple product lines, including PP corrugated sheets, flexible intermediate bulk containers (FIBC), dunnage bags, and thermal insulation under its Carmika brand. 

Investors track Shish Industries share price for its responsiveness to industrial demand cycles, packaging sector trends, infrastructure spending announcements, and quarterly earnings. Shish Industries shares provide insights into short-term price movements and longer-term trends, reflecting revenue growth, margin performance, and capacity utilisation. Platforms monitoring Shish Industries share 2025–2026 provide intraday data, delivery volumes, and technical indicators for decision-making. The company’s share performance is considered a reference point for those investing in small-cap industrial packaging and related sectors. 

Shish Industries Company Fundamentals 

A. Company Background 

Shish Industries Limited was incorporated in 2012 (exact date reflects founding as a corporate entity) and is a publicly listed industrial manufacturing company based in Surat, Gujarat, India. The company was founded by its promoter‑management team and specialises in industrial packaging, building envelope systems, insulation solutions, and related engineered products. It operates a state‑of‑the‑art manufacturing facility in Gujarat and has built an international footprint including a wholly‑owned U.S. subsidiary. Shish Industries is listed on the BSE Limited and develops products across protective industrial packaging and construction materials sectors. Its registered office is in Surat, and it focuses on both domestic and export markets.  

B. Company Product Lines 

• Industrial & Export Packaging (Shish SmartPack™)  

• Flexible Intermediate Bulk Containers (FIBC Bulk Bags)  

• Polypropylene Corrugated Sheets (including patented 5‑ply designs)  

• Air Dunnage Bags for cargo protection  

• PP Bubble Rolls for cushioning  

• Composite Straps for industrial palletisation  

• PP/PE Woven Fabric and related woven products  

• Building and Insulation Solutions (Shish SmartBuild™)  

• Reflective and thermal insulation products under Carmika™ series  

• Geo membrane solutions (e.g., Shish Liner™)  

• Tarpaulins (e.g., Shish Tarp™) for weather protection and utility applications  

• Consumer & Specialty Products  

• Insulated water tank covers  

• Cooler bags and other thermal storage/insulation products  

C. Company Revenue Model 

• Manufacturing Sales  

• Revenue from manufactured products (FIBC bags, corrugated sheets, insulation materials) sold domestically and internationally.  

• Trading & Distribution  

• Income from trading and marketing plastic products and industrial solutions where the company may not directly manufacture all items.  

• Export Revenue  

• Sales from exports to markets including the UAE, Myanmar, Oman, and others; presence supported by international subsidiaries and global customers.  

D. Geographical Presence 

• Manufacturing Facility  

• State‑of‑the‑art plant in Pipodara Mangrol, Surat, Gujarat with modern extrusion and fabrication capacity spanning large operational footprint.  

• Registered Office  

• Surat, Gujarat (Junomoneta Tower, Adajan)  

• International Markets  

• Fully‑owned subsidiary in the United States for market penetration  

• Export presence across multiple countries including UAE, Myanmar, and Oman  

• Domestic Network  

• Pan‑India distribution network with emphasis on industrial corridors and proximity to raw materials and ports 

E. Leadership 

Key leaders as of March 2026 

• Suman Mohanlal Jat – Company Secretary & Compliance Officer  

• Satishkumar Maniya – Chairman / Executive Director / Managing Director / Promoter  

• Nitaben Maniya – Executive Director  

• Rameshbhai Kakdiya – Non-Executive Director  

• Rajesh Mepani – Independent Non-Executive Director  

• Nareshkumar Lakhani – Independent Non-Executive Director  

• Shital Tamakuwala – Independent Non-Executive Director  

• Suman Mohanlal Jat – Company Secretary & Compliance Officer 

F. Key Milestones 

• 2012 – Shish Industries founded as a corporate entity.  

• 2013 – Company developed and patented 5‑ply polypropylene corrugated sheet (first in India).  

• 2014–2015 – Commenced expanded manufacturing of plastic corrugated sheets.  

• 2015–2016 – Began exporting products to markets such as UAE, Myanmar, and Oman.  

• 2017 – Converted to a public limited company and completed its SME IPO on BSE.  

• 2023 – Bonus issues announced (e.g., 2:1 bonus in 2023).  

• 2024 (October) – Board approved stock split of equity shares from ₹10 to ₹1 (10:1).  

• 2025 (Dec) – Board approved preferential issue of equity shares and fully convertible warrants; authorised share capital increase.  

• 2026 (January) – Extraordinary general meeting (EOGM) held for ratification of preferential issue and related approvals (per regulatory filings) 

G. Industry Perspective 

India’s plastics industry is valued at approximately USD 44.28 billion in 2025 and is projected to grow at a CAGR of approximately 6.30% to reach USD 60.11 billion by 2030, driven by strong demand from packaging, construction, automotive, and infrastructure sectors. Packaging accounts for approximately 42% of India’s total plastics consumption, making it the largest application segment. The Indian plastic packaging market specifically is estimated at approximately USD 22.44 billion in 2025 and is projected to grow at a CAGR of approximately 3.09% to reach USD 26.13 billion by 2030. 

Western India, led by Gujarat and Maharashtra, accounts for approximately 47% of national plastics consumption. Gujarat’s Jamnagar-Dahej petrochemical corridor and Surat’s industrial ecosystem provide a strategic advantage for plastics manufacturers with access to raw materials, skilled labour, and export infrastructure. The Production-Linked Incentive (PLI) scheme, large-scale infrastructure programmes such as the National Infrastructure Pipeline, and accelerating e-commerce logistics demand are key structural tailwinds for the industrial packaging segment. 

The industry is undergoing a significant transformation driven by Extended Producer Responsibility (EPR) rules enacted in 2024, which mandate recycled-content usage in packaging. E-commerce parcel volumes surged approximately 40% in 2024, triggering a parallel spike in secondary and protective packaging demand. Construction and infrastructure activity, supported by government capital expenditure on roads, railways, affordable housing, and smart cities, is driving demand for building insulation materials, geo membranes, and protective sheeting, segments where Shish Industries’ SmartBuild division is positioned. 

Shish Industries operates within these structural industry tailwinds, with its diversified portfolio spanning industrial packaging (SmartPack), building materials (SmartBuild), and advanced composites. The company’s FY 2024-25 revenue growth of approximately 35.58% significantly outpaced the broader plastic packaging industry growth rate, reflecting market share gains and product diversification. The five-year share price CAGR of approximately 79% positions Shish Industries among the stronger performers in the small-cap industrial packaging space.

Shish Industries Stock Market Presence: Listing and Index Representation 

Shish Industries Limited’s equity shares are listed on the BSE (scrip code 540693) with ISIN INE145Y01023 and ticker symbol SHISHIND. The stock was initially listed through an SME IPO in 2018. In October 2024, the Board approved a stock split from ₹10 to ₹1 face value (10:1), which increased the number of shares and improved liquidity for retail investors. The company’s registrar is KFin Technologies Limited. 

The stock currently falls within the small-cap category, with a market capitalisation of approximately ₹465–575 Crore. The promoter group holds around 60.6–65.6% of the equity, while public holdings account for the remainder. Institutional holdings, including FII and DII, are minimal, which is common for micro/small-cap industrial stocks. Shish Industries maintains compliance with SEBI regulations and provides regular disclosures, financial statements, and annual reports. 

Shish Industries is included in indices such as the BSE Small Cap Index, BSE 500 Index, and sector-specific industrial packaging indices, enabling investors to track its performance alongside similar companies in India’s industrial and manufacturing sectors. 

Shish Industries Stock Performance and Share Price History 

The Shish Industries share price is influenced by industrial demand cycles, packaging sector trends, quarterly earnings, and corporate actions such as the stock split and preferential share issues. As a small-cap industrial stock, its share price shows high volatility, with notable fluctuations during strong earnings periods or corrective phases caused by margin pressures or market sentiment. 

Over the past five years, Shish Industries share price CAGR has been approximately 79%, and over three years, approximately 70%, reflecting consistent revenue growth and product diversification. In FY 2024-25, the company reported revenue of ₹116.25 Crore, a year-on-year increase of 35.58%, while net profit was ₹8.74 Crore, up 9.25%. The 52-week price range post-split has been ₹7.10 to ₹19.14, showing sensitivity to earnings announcements, corporate actions, and sector developments. 

Shish Industries Investor Relevance and Role in Portfolio 

Shish Industries is relevant to investors seeking exposure to India’s industrial packaging and building materials sector. Its business provides direct links to packaging industry demand, infrastructure spending, and the broader manufacturing sector. Investors monitor revenue growth, margin trends, product diversification success, capacity utilisation, and international expansion through the U.S. subsidiary. 

Within portfolios, Shish Industries is viewed as a growth-oriented small-cap stock. Revenue growth has been faster than the sector average, though net profit margins are affected by input costs and competitive pressures. Key metrics such as Shish Industries P/E ratio and Shish Industries EPS help investors assess valuation relative to growth prospects. Promoter holdings at 60.6–65.6% offer stability, while preferential share issues can influence short-term dilution. 

Shish Industries is suited for investors who accept small-cap volatility, value revenue growth, diversified product offerings, patented technologies, and international market access as core drivers of investment relevance. 

Shish Industries Sectoral Relevance and Peer Positioning 

Shish Industries operates in India’s organised plastic products and industrial packaging sector. Its performance is compared to companies like Apollo Pipes, Arrow Greentech, Premier Polyfilm, Prakash Pipes, Wim Plast, and Bai-Kakaji Polyplast. Larger listed peers include Supreme Industries, Astral Limited, Time Technoplast, Shaily Engineering Plastics, and Finolex Industries, which operate on a larger scale with broader product lines and distribution networks. 

Shish Industries differentiates itself through patented 5-ply PP corrugated sheet technology, the Carmika thermal insulation brand, a two-division structure (SmartPack and SmartBuild), and a U.S. subsidiary for international operations. The company is strategically located in Gujarat’s manufacturing corridor with proximity to raw materials and ports. Peer competition is influenced by raw material pricing, construction activity, e-commerce logistics demand, infrastructure spending cycles, and export competitiveness. 

Conclusion 

Shish Industries Limited is an industrial solutions company in India, focused on industrial packaging, building materials, thermal insulation, and composites. Founded in 2012 and listed on the BSE, it operates a modern manufacturing facility in Surat, Gujarat, and has a U.S. subsidiary for international business. Its share price is monitored for trends linked to sector performance, quarterly results, and infrastructure spending. Investors consider Shish Industries as a small-cap growth investment, with exposure to product diversification, revenue growth, patented technologies, and capacity utilisation. Promoter stability and market liquidity support its ongoing presence in the industrial packaging sector.