---
title: "Shivam Chemicals Ltd (544165) — Share Price, Financials & Analysis"
symbol: "544165"
company: "Shivam Chemicals Ltd"
canonical: "https://tapetide.com/stocks/544165"
isin: "INE0SGR01013"
nse_symbol: "SHIVAMCHEMICALSLTD"
bse_code: "544165"
sector: "Food Products"
industry: "Animal Feed"
market_cap_cr: 202.7
generated_at: "2026-09-13T18:24:40.592Z"
---

# Shivam Chemicals Ltd (544165)

Canonical page: https://tapetide.com/stocks/544165

## Company

- **NSE Symbol:** SHIVAMCHEMICALSLTD
- **BSE Code:** 544165
- **ISIN:** INE0SGR01013
- **Sector:** Food Products
- **Industry:** Animal Feed
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shivamchem.com

## About

Incorporated in 2012, Shivam Chemicals Ltd is in the business of wholesale sale of feed ingredients[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:41:54.337322Z.

- **Market Cap:** ₹202.7 Cr
- **Classification:** SME
- **P/E (reported):** 32.8
- **EPS (reported):** ₹0.69
- **Book Value:** ₹24.5
- **Price to Book:** 4.87
- **Dividend Yield:** 0%
- **ROE:** 14.87%
- **ROCE:** 21.72%
- **Debt to Equity:** 0.52
- **Revenue (yearly):** ₹285.9 Cr
- **Net Income:** ₹6.2 Cr
- **EBITDA:** ₹10.8 Cr
- **52-Week High:** ₹130.4
- **52-Week Low:** ₹59
- **RSI (14):** 68.91

## Key Insights

### Weaknesses

- Stock is trading at 4.87 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.8% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | 112.27% | -62.83% |
| ebitda margin growth | 20% | 41.73% | 42.26% |
| net income growth | 200% | 195.24% | 17% |
| revenue growth | -6.09% | 26.73% | 22% |
| roce | — | 81.91% | 57.16% |
| roe | — | 151.61% | 9.6% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 64 | 82 | 94 | 130 | 132 | 153 |
| Expenses | 63 | 81 | 93 | 126 | 128 | 147 |
| Operating Profit | 2 | 2 | 1 | 3 | 3 | 6 |
| OPM % | 2.4 | 2.2 | 1.4 | 2.5 | 2.6 | 3.7 |
| Other Income | 0 | 0 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 2 | 3 | 5 |
| Tax % | 44 | 38 | 34 | 28 | 22 | 22 |
| Net Profit | 0 | 1 | 1 | 2 | 2 | 4 |
| EPS in Rs | 0.39 | 0.58 | 0.34 | 0.91 | 1.16 | 2.48 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 157 | 147 | 224 | 284 |
| Expenses | 151 | 143 | 220 | 275 |
| Operating Profit | 5 | 4 | 5 | 9 |
| OPM % | 3.2 | 2.4 | 2.1 | 3.2 |
| Other Income | 0 | 0 | 1 | 2 |
| Interest | 0 | 1 | 1 | 2 |
| Depreciation | 0 | 1 | 1 | 1 |
| Profit before tax | 5 | 2 | 3 | 8 |
| Tax % | 27 | 41 | 31 | 22 |
| Net Profit | 4 | 1 | 2 | 6 |
| EPS in Rs | 93.25 | 0.98 | 1.23 | 3.64 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 0.4 | 12 | 17 | 17 |
| Reserves | 13 | 3 | 18 | 25 |
| Borrowings | 14 | 17 | 15 | 22 |
| Other Liabilities | 4 | 9 | 8 | 8 |
| Total Liabilities | 31 | 41 | 58 | 71 |
| Fixed Assets | 4 | 16 | 16 | 15 |
| CWIP | 10 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 17 | 25 | 43 | 56 |
| Total Assets | 31 | 41 | 58 | 71 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 9 | 5 | -15 | 2 |
| Cash from Investing Activity | -14 | -2 | 0 | 0 |
| Cash from Financing Activity | 5 | -3 | 16 | -3 |
| Net Cash Flow | 0 | 0 | 0 | 0 |
| Free Cash Flow | -5 | 3 | -16 | 1 |
| CFO/OP | 202 | 161 | -306 | 39 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 28 | 46 | 41 | 35 |
| Inventory Days | 0 | 2 | 8 | 8 |
| Days Payable | — | 21 | 11 | 7 |
| Cash Conversion Cycle | 28 | 26 | 38 | 36 |
| Working Capital Days | 13 | 10 | 37 | 37 |
| ROCE % | — | 9 | 10 | 17 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 73% | 73% | 73% | 73% | 73% | 73% | 73% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 1.48% | 1.48% |
| DIIs | 0% | 0% | 4.89% | 5.65% | 4.72% | 2.83% | 3.19% | 3.51% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 21.88% | 18.46% | 17.84% | 17.73% | 19.59% | 16.92% | 17% |
| Others | 0% | 5.12% | 3.66% | 3.51% | 4.56% | 4.58% | 5.41% | 5.01% |
| No. of Shareholders | 7 | 457 | 338 | 310 | 310 | 371 | 363 | 368 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 3 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 110.8 | Buy |
| EMA (10) | 111.82 | Buy |
| SMA (20) | 101.2 | Buy |
| EMA (20) | 106.63 | Buy |
| SMA (50) | 104.5 | Buy |
| EMA (50) | 104.29 | Buy |
| SMA (100) | 107.9 | Buy |
| EMA (100) | 101.63 | Buy |
| SMA (200) | 90.77 | Buy |
| EMA (200) | 92.33 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 68.66 | Neutral |
| MACD (12,26,9) | 4.84 | Buy |
| Stochastic (14,3,3) | 97.45 | Sell |
| ADX (14) | 22.23 | Neutral |
| Williams %R (14) | -5.52 | Sell |
| ATR (14) | 5.35 | High Volatility |
| ROC (12) | 27.31 | Buy |
| Stoch RSI (14) | 95.98 | Sell |
| UO (7,14,28) | 78.08 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [General Disclosure - Business Updates - Successful Restart Of US Exports Business](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6193050e-3239-435c-a2ed-c449e586cfdc.pdf) |
| 2026-08-31 | [Intimation Of Book Closure Date For 16Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbc06ed0-94c6-4877-814b-bec55afa8b6e.pdf) |
| 2026-08-30 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c046b2f-6b6f-4291-a208-8a3870d99b73.pdf) |
| 2026-08-30 | [Submission Of Notice Of The 16Thannual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76316f00-2569-4b8a-9f14-5352ed6208d3.pdf) |
| 2026-08-27 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 27Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf18740d-c0a4-4522-861b-954b113066ce.pdf) |
| 2026-08-24 | [Board Meeting Intimation for To Consider And Decide The Day Date And Time For Convening Of 16Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c851702-d2f4-448f-8132-4464f94082f6.pdf) |
| 2026-07-18 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0fe1da2f-dba8-4b81-a810-20de8caa7cdf.pdf) |
| 2026-05-28 | [Board Meeting Outcome for Outcome Of Board Meeting Held To Consider And Approve Audited Financial Results For The Half Year And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=467efd55-d2a1-42fc-8af0-86fc1084292c.pdf) |
| 2026-05-23 | [Board Meeting Intimation for To Consider Adopt And Approve Audited Standalone And Consolidated Financial Results For The Half Year And Year Ended 31St March 2026 And Other Matters](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad881489-0b29-4e0e-9735-a80e4933d4f3.pdf) |
| 2026-04-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=318422f8-3172-45a1-ac82-374a20779762.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-28 | [Outcome Of Board Meeting Held To Consider And Approve Audited Financial Results For The Half Year And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72ba2a9f-92ad-4430-8b25-f4b54c0656fa.pdf) |
| 2025-11-14 | [Approval Of The Consolidated And Standalone Unaudited Financial Results For The Half Year Ended 30Th September 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f6d14ac-7949-4245-92b8-7f5e2f128498.pdf) |
| 2025-05-30 | [Outcome Of Board Meeting Held To Consider And Approve Audited Financial Results For The Half Year And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b39708a4-2331-4972-8ce3-54560bda1295.pdf) |
| 2024-11-13 | [Financial Result For Half Year Ended September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=344dec3c-c09e-436d-ac68-2252ef883819.pdf) |
| 2024-05-29 | [Audited Annual Financial Result Of F.Y. 2023-24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f0257a5-8dbc-492d-bd00-79fda926846f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Board to meet Feb 12, 2026 to approve Q3 and nine-month unaudited results; trading window closed. | [Board Meeting Intimation for Consideration And Approval Of The Un-Audited Financial Results (Standalone And Consolidated) Of The Company, For Quarter And Nine Months Ended December 31, 2025. 9 Feb - Board to meet Feb 12, 2026 to approve Q3 and nine-month unaudited results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/18886ce2-8db2-4d39-bd1b-29794b8d6529.pdf) |
| 5 Feb - Feb 5, 2026: Revolt Motors appoints Hardik Pandya as brand ambassador; will feature in marketing campaigns. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Feb - Feb 5, 2026: Revolt Motors appoints Hardik Pandya as brand ambassador; will feature in marketing campaigns.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/afe66bdd-98ea-44a3-ad16-e3f655c717c5.pdf) |
| 30 Jan - Ms. Ashima Chhatwal appointed Company Secretary & Compliance Officer effective 30 January 2026. | [Board Meeting Outcome for Outcome Of Board Meeting Held To Consider Appointment Of Company Secretary And Compliance Officer Of The Company 30 Jan - Ms. Ashima Chhatwal appointed Company Secretary & Compliance Officer effective 30 January 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91f77dde-8854-4832-80c8-6a2426eb50b7.pdf) |
| 27 Mar - Trading window closed from 1 April 2026 until 48 hours after results for year ended 31 Mar 2026. | [Closure of Trading Window 27 Mar - Trading window closed from 1 April 2026 until 48 hours after results for year ended 31 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9193a0f3-6a63-4aad-bb7a-db743776f144.pdf) |
| 17 Jan - Regulation 74(5) certificate for quarter ended 31 Dec 2025 submitted to BSE. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Jan - Regulation 74(5) certificate for quarter ended 31 Dec 2025 submitted to BSE.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd49c626-90ed-40c7-84f0-d827fee53933.pdf) |
| 15 Apr - Submitted Regulation 74(5) depository certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr - Submitted Regulation 74(5) depository certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/318422f8-3172-45a1-ac82-374a20779762.pdf) |
| 14 Nov 2025 - Board approved consolidated and standalone unaudited results for half year ended 30 September 2025 on 14 November 2025. | [Board Meeting Outcome for Outcome Of Board Meeting Held For Consideration And Approval Of The Consolidated And Standalone Unaudited Financial Results For The Half Year Ended 30Th September, 2025. 14 Nov 2025 - Board approved consolidated and standalone unaudited results for half year ended 30 September 2025 on 14 November 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/60a6bd8b-fe53-4f33-be14-f5163e98c6b2.pdf) |
| 12 Jan - KFin-issued certificates under SEBI Reg 74(5) for quarter ended 31-Dec-2025; dematerialization details furnished to exchanges. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Jan - KFin-issued certificates under SEBI Reg 74(5) for quarter ended 31-Dec-2025; dematerialization details furnished to exchanges.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a622c3c4-aed1-4817-9395-5cfbecc81eaa.pdf) |
| 12 Feb - Filed investor presentation: 9M FY26 revenue ~Rs5,800 Cr; Q3 loss Rs162 Cr (MTM Rs189 Cr). | [Investors Presentation 12 Feb - Filed investor presentation: 9M FY26 revenue ~Rs5,800 Cr; Q3 loss Rs162 Cr (MTM Rs189 Cr).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f57360d-26b9-429a-87c2-1dd13885a4c9.pdf) |
| 11h - Re-priced 5,400,000 ESOPs from Rs40.18 to Rs24.82; approved March 10, 2026. | [Re-Pricing Of Existing Granted Stock Options Under Rattanindia Enterprises Limited Employees Stock Option Plan-2022 11h - Re-priced 5,400,000 ESOPs from Rs40.18 to Rs24.82; approved March 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4f675c39-9ff1-4886-ac9d-5f88ca49bf44.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dea44c36-7222-4d27-8a58-b85dff018f39.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ef4160f-e6b2-418a-8900-121ea1c11a44.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e4b8207-38f9-41dc-875f-83fdc7bd9bcf.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76fea7fe-bbae-482e-b190-8566b9fe868b.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a01d230-67cc-4c02-9db7-d5fb66b51f97.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a5c2d16-28d0-4a82-bbe7-43e2fa797f1d.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c2a0014-60f8-44c5-a5c8-66ce7c6188cb.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/62429b74-1e1e-42d7-8ea2-175443bf9383.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f4d6487-8d50-49b1-a011-bb7317f5a6c6.pdf) |
| Jun 2021 | [Concall - Jun 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b317f2d2-9901-4e39-ab46-117df6a50c25.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3fb7315-cd18-43d3-acc6-a9f779ebf964.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22b04eab-3511-4c6b-aa2e-4be81aef2140.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9be54ed2-524d-4d6d-a8a2-54911aa695dd.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c668e5d-56ab-4fd6-a247-e9924dce3334.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e94b1009-1dd6-443f-9ccf-304668607057.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/534597/77117534597.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/534597/70365534597.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/534597/66790534597.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/534597/5345970319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/534597/5345970318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:24:40.592Z.