Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Shivalik Rasayan
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 62.93 | 64.47 | 67.05 | 70.23 | 71.23 | 74.63 | 82.44 | 85.31 | 69.39 | 89.31 | 93.84 | 82.04 | 102.82 |
| Expenses + | 52.81 | 53.10 | 57.39 | 61.37 | 61.94 | 65.25 | 70.68 | 71.99 | 63.63 | 78.33 | 81.80 | 71.72 | 90.39 |
| Operating Profit | 10.12 | 11.37 | 9.66 | 8.86 | 9.29 | 9.38 | 11.76 | 13.32 | 5.76 | 10.98 | 12.04 | 10.32 | 12.43 |
| 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 + | 0.90 | 0.42 | 0.56 | 1.50 | 1.49 | 0.64 | 0.35 | 1.60 | 5.71 | 0.60 | 0.39 | 1.18 | 1.92 |
| Interest | 1.36 | 1.47 | 1.96 | 1.58 | 2.61 | 1.92 | 2.45 | 2.26 | 2.71 | 2.62 | 2.22 | 2.31 | 2.46 |
| Depreciation | 2.81 | 2.81 | 3.44 | 3.01 | 3.11 | 3.50 | 4.66 | 4.84 | 2.78 | 4.82 | 4.73 | 5.06 | 4.16 |
| Profit before tax | 6.85 | 7.51 | 4.82 | 5.77 | 5.06 | 4.60 | 5.00 | 7.82 | 5.98 | 4.14 | 5.48 | 4.13 | 7.73 |
| 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 + | 7.08 | 6.48 | 2.65 | 4.34 | 4.60 | 3.86 | 4.43 | 6.94 | 5.19 | 2.82 | 4.31 | 3.67 | 7.18 |
| EPS in Rs | 2.28 | 2.80 | 1.21 | 1.97 | 2.21 | 2.26 | 2.58 | 3.39 | 2.62 | 1.02 | 1.94 | 1.71 | 2.88 |
Financials of Shivalik Rasayan
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 41 | 110 | 123 | 155 | 171 | 186 | 198 | 215 | 234 | 273 | 312 | 368 |
| Expenses + | 38 | 99 | 105 | 131 | 147 | 157 | 159 | 167 | 191 | 232 | 271 | 322 |
| Operating Profit | 3 | 10 | 18 | 24 | 24 | 29 | 38 | 47 | 43 | 41 | 41 | 46 |
| OPM % | 7% | 9% | 15% | 16% | 14% | 16% | 19% | 22% | 19% | 15% | 13% | 12% |
| Other Income + | 0 | 1 | 1 | 3 | 8 | 3 | 1 | 4 | 5 | 4 | 8 | 4 |
| Interest | 0 | 5 | 6 | 4 | 3 | 2 | 2 | 3 | 5 | 9 | 10 | 10 |
| Depreciation | 0 | 2 | 2 | 2 | 3 | 4 | 9 | 11 | 12 | 12 | 16 | 19 |
| Profit before tax | 3 | 5 | 11 | 20 | 26 | 27 | 29 | 37 | 32 | 23 | 23 | 21 |
| 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 |
| EPS in Rs | 2.10 | 3.66 | 9.84 | 14.39 | 9.88 | 10.17 | 12.77 | 17.68 | 14.32 | 8.17 | 10.60 | 7.71 |
| Dividend Payout % | 0% | 0% | 4% | 3% | 5% | 2% | 4% | 3% | 3% | 6% | 5% | 0% |
Financials of Shivalik Rasayan
Capital structure and asset base
| 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 |
Financials of Shivalik Rasayan
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 4 | 12 | 8 | -7 | -8 | 6 | 59 | 11 | -19 | -8 | -9 | |
| Cash from Investing Activity + | -0 | -18 | -4 | -24 | -24 | -102 | -65 | -23 | -71 | -74 | -21 | |
| Cash from Financing Activity + | 1 | 3 | -3 | 52 | 100 | 10 | 2 | 78 | 50 | 89 | 21 | |
| Net Cash Flow | 4 | -3 | 2 | 21 | 69 | -86 | -4 | 66 | -40 | 7 | -10 | |
| Free Cash Flow | 3 | 10 | 5 | -22 | -37 | -85 | -6 | -14 | -82 | -76 | -32 | |
| CFO/OP | 161% | 131% | 52% | -21% | -12% | 41% | 171% | 37% | -31% | -9% | -16% |
Financials of Shivalik Rasayan
Working capital efficiency and return ratios
| 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% |
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