Shivalik Rasayan
Shivalik Rasayan
CommoditiesKey Fundamentals
MicrocapPesticides & AgrochemicalsChemicalsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.95 times its book value
Weaknesses
2- Company has a low return on equity of 2.68% over last 3 years.
- Dividend payout has been low at 5.78% of profits over last 3 years
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64.47 | 67.05 | 70.23 | 71.23 | 74.63 | 82.44 | 85.31 | 69.39 | 89.31 | 93.84 | 82.04 | 103 | 96.34 |
| Expenses | 53.1 | 57.39 | 61.37 | 61.94 | 65.25 | 70.68 | 71.99 | 63.63 | 78.33 | 81.8 | 71.72 | 90.39 | 85.16 |
| Operating Profit | 11.37 | 9.66 | 8.86 | 9.29 | 9.38 | 11.76 | 13.32 | 5.76 | 10.98 | 12.04 | 10.32 | 12.43 | 11.18 |
| OPM % | 17.64% | 14.41% | 12.62% | 13.04% | 12.57% | 14.26% | 15.61% | 8.3% | 12.29% | 12.83% | 12.58% | 12.09% | 11.6% |
| Other Income | 0.42 | 0.56 | 1.5 | 1.49 | 0.64 | 0.35 | 1.6 | 5.71 | 0.6 | 0.39 | 1.18 | 1.92 | 0.97 |
| Interest | 1.47 | 1.96 | 1.58 | 2.61 | 1.92 | 2.45 | 2.26 | 2.71 | 2.62 | 2.22 | 2.31 | 2.46 | 2.08 |
| Depreciation | 2.81 | 3.44 | 3.01 | 3.11 | 3.5 | 4.66 | 4.84 | 2.78 | 4.82 | 4.73 | 5.06 | 4.16 | 4.41 |
| PBT | 7.51 | 4.82 | 5.77 | 5.06 | 4.6 | 5 | 7.82 | 5.98 | 4.14 | 5.48 | 4.13 | 7.73 | 5.66 |
| Tax % | 13.72% | 45.02% | 24.78% | 9.09% | 16.09% | 11.6% | 11.38% | 13.21% | 31.88% | 21.35% | 11.14% | 7.12% | 20.49% |
| Net Profit | 6.48 | 2.65 | 4.34 | 4.6 | 3.86 | 4.43 | 6.94 | 5.19 | 2.82 | 4.31 | 3.67 | 7.18 | 4.5 |
| EPS in Rs | 2.8 | 1.21 | 1.97 | 2.21 | 2.26 | 2.58 | 3.39 | 2.62 | 1.02 | 1.94 | 1.71 | 2.88 | 2.16 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 41 | 110 | 123 | 155 | 171 | 186 | 198 | 215 | 234 | 273 | 312 | 368 | 375 |
| Expenses | 38 | 99 | 105 | 131 | 147 | 157 | 159 | 167 | 191 | 232 | 271 | 322 | 329 |
| Operating Profit | 3 | 10 | 18 | 24 | 24 | 29 | 38 | 47 | 43 | 41 | 41 | 46 | 46 |
| OPM % | 7% | 9% | 15% | 16% | 14% | 16% | 19% | 22% | 19% | 15% | 13% | 12% | 12% |
| Other Income | 0 | 1 | 1 | 3 | 8 | 3 | 1 | 4 | 5 | 4 | 8 | 4 | 4 |
| Interest | 0 | 5 | 6 | 4 | 3 | 2 | 2 | 3 | 5 | 9 | 10 | 10 | 9 |
| Depreciation | 0 | 2 | 2 | 2 | 3 | 4 | 9 | 11 | 12 | 12 | 16 | 19 | 18 |
| PBT | 3 | 5 | 11 | 20 | 26 | 27 | 29 | 37 | 32 | 23 | 23 | 21 | 23 |
| Tax % | 33% | 33% | 25% | 25% | 20% | 17% | 15% | 7% | 6% | 22% | 13% | 16% | — |
| Net Profit | 2 | 3 | 8 | 15 | 21 | 22 | 25 | 34 | 30 | 18 | 20 | 18 | 20 |
| EPS in Rs | 2.1 | 3.66 | 9.84 | 14.39 | 9.88 | 10.17 | 12.77 | 17.68 | 14.32 | 8.17 | 10.6 | 7.71 | 8.69 |
| Div. Payout % | 0% | 0% | 4% | 3% | 5% | 2% | 4% | 3% | 3% | 6% | 5% | 6% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 4 | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 |
| Reserves | 8 | 11 | 7 | 45 | 158 | 169 | 172 | 280 | 412 | 500 | 528 | 591 |
| Borrowings | 0 | 31 | 32 | 22 | 20 | 10 | 29 | 38 | 58 | 76 | 94 | 114 |
| Other Liabilities | 11 | 36 | 52 | 81 | 103 | 142 | 155 | 163 | 101 | 109 | 104 | 106 |
| Total Liabilities | 23 | 81 | 94 | 152 | 288 | 328 | 363 | 488 | 578 | 692 | 734 | 819 |
| Fixed Assets | 7 | 27 | 27 | 40 | 41 | 52 | 210 | 221 | 218 | 214 | 337 | 335 |
| CWIP | 0 | 0 | 0 | 0 | 26 | 102 | 0 | 3 | 57 | 117 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 16 | 53 | 66 | 111 | 222 | 175 | 153 | 264 | 303 | 362 | 398 | 484 |
| Total Assets | 23 | 81 | 94 | 152 | 288 | 328 | 363 | 488 | 578 | 692 | 734 | 819 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 4 | 12 | 8 | -7 | -8 | 6 | 59 | 11 | -19 | -8 | -9 | -34 |
| Investing | 0 | -18 | -4 | -24 | -24 | -102 | -65 | -23 | -71 | -74 | -21 | -21 |
| Financing | 1 | 3 | -3 | 52 | 100 | 10 | 2 | 78 | 50 | 89 | 21 | 62 |
| Net Cash Flow | 4 | -3 | 2 | 21 | 69 | -86 | -4 | 66 | -40 | 7 | -10 | 6 |
| Free Cash Flow | 3 | 10 | 5 | -22 | -37 | -85 | -6 | -14 | -82 | -76 | -32 | -51 |
| CFO/OP | 161 | 131 | 52 | -21 | -12 | 41 | 171 | 37 | -31 | -9 | -16 | -68 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 77 | 92 | 108 | 111 | 114 | 127 | 119 | 132 | 116 | 113 | 114 |
| Inventory Days | 5 | 64 | 76 | 65 | 71 | 65 | 34 | 148 | 239 | 266 | 268 | 285 |
| Days Payable | 126 | 152 | 137 | 103 | 123 | 171 | 152 | 216 | 208 | 136 | 151 | 155 |
| Cash Conversion Cycle | -41 | -11 | 31 | 71 | 59 | 7 | 9 | 51 | 162 | 245 | 229 | 244 |
| Working Capital Days | -11 | -16 | 11 | 73 | 118 | 145 | 65 | 95 | 136 | 131 | 127 | 156 |
| ROCE % | — | 32% | 32% | 28% | 16% | 11% | 11% | 12% | 8% | 6% | 6% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY10–FY26.
Documents
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Company Information
Incorporated in 1979, Shivalik Rasayan Ltd is a manufacturer of Agrochemicals & Active Pharma Ingredients[1]
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