Arthneeti

Shivalik Rasayan Share Price & Earnings Call Analysis

₹303.75+2.36% today
Market cap
₹487 Cr
P/E
35.60
ROE
2.18%
PEG
-2.25
Price to sales
1.30
Debt to equity
0.20
52W high / low
₹462 / ₹210
Sales growth (5Y)
13.25%
EBITDA margin
12.26%
Net profit margin
4.88%
Promoter holding
46.54%
Sales (last year)
₹375 Cr

Incorporated in 1979, Shivalik Rasayan Ltd is a manufacturer of Agrochemicals & Active Pharma Ingredients[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3
See all potential multibaggersWhere does Shivalik Rasayan rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Fertilizers & Agrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹194 Cr23.2
2Dharmaj Crop20–40%Up 0–2%₹862 Cr14.3
3M B Agro Prod.20–40%Flat₹8,127 Cr52.5
420–40%Flat₹7,066 Cr35.9
510–20%Up 2%+₹1,167 Cr17.4
610–20%Flat₹50,035 Cr26.8

Sign up free to see every company in the sector ranking and track Shivalik Rasayan.

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Shivalik Rasayan announcements

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Financials of Shivalik Rasayan

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Shivalik Rasayan

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +62.9364.4767.0570.2371.2374.6382.4485.3169.3989.3193.8482.04102.82
Expenses +52.8153.1057.3961.3761.9465.2570.6871.9963.6378.3381.8071.7290.39
Operating Profit10.1211.379.668.869.299.3811.7613.325.7610.9812.0410.3212.43
OPM %16.08%17.64%14.41%12.62%13.04%12.57%14.26%15.61%8.30%12.29%12.83%12.58%12.09%
Other Income +0.900.420.561.501.490.640.351.605.710.600.391.181.92
Interest1.361.471.961.582.611.922.452.262.712.622.222.312.46
Depreciation2.812.813.443.013.113.504.664.842.784.824.735.064.16
Profit before tax6.857.514.825.775.064.605.007.825.984.145.484.137.73
Tax %-3.21%13.72%45.02%24.78%9.09%16.09%11.60%11.38%13.21%31.88%21.35%11.14%7.12%
Net Profit +7.086.482.654.344.603.864.436.945.192.824.313.677.18
EPS in Rs2.282.801.211.972.212.262.583.392.621.021.941.712.88

Financials of Shivalik Rasayan

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +41110123155171186198215234273312368
Expenses +3899105131147157159167191232271322
Operating Profit31018242429384743414146
OPM %7%9%15%16%14%16%19%22%19%15%13%12%
Other Income +011383145484
Interest05643223591010
Depreciation02223491112121619
Profit before tax3511202627293732232321
Tax %33%33%25%25%20%17%15%7%6%22%13%16%
Net Profit +238152122253430182018
EPS in Rs2.103.669.8414.399.8810.1712.7717.6814.328.1710.607.71
Dividend Payout %0%0%4%3%5%2%4%3%3%6%5%0%

Financials of Shivalik Rasayan

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333477777888
Reserves811745158169172280412500528591
Borrowings +031322220102938587694114
Other Liabilities +11365281103142155163101109104106
Total Liabilities238194152288328363488578692734819
Fixed Assets +72727404152210221218214337335
CWIP000026102035711700
Investments000000000000
Other Assets +165366111222175153264303362398484
Total Assets238194152288328363488578692734819

Financials of Shivalik Rasayan

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4128-7-865911-19-8-9
Cash from Investing Activity +-0-18-4-24-24-102-65-23-71-74-21
Cash from Financing Activity +13-35210010278508921
Net Cash Flow4-322169-86-466-407-10
Free Cash Flow3105-22-37-85-6-14-82-76-32
CFO/OP161%131%52%-21%-12%41%171%37%-31%-9%-16%

Financials of Shivalik Rasayan

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days807792108111114127119132116113114
Inventory Days5647665716534148239266268285
Days Payable126152137103123171152216208136151155
Cash Conversion Cycle-41-113171597951162245229244
Working Capital Days-11-1611731181456595136131127156
ROCE %32%32%28%16%11%11%12%8%6%6%5%
30out of 100

Momentum score · price trend

30 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−23.3%31%
Last 6 months+19.5%74%
Last 3 months+22.2%89%

The price is 72% below its all-time high of ₹1,125.45 (7 Jan 2022). Stocks more than 20% below their peak have their score halved, so 60 became 30.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Shivalik Rasayan: 0.4 × 31 + 0.4 × 74 + 0.2 × 89 = 60, halved to 30 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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