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Shivagrico Implement Overview

Shivagrico Implements Ltd. is an Indian manufacturing company with a long history dating back to its beginnings as a partnership in 1965, later becoming a public limited company around 1992 and headquartered in Mumbai, Maharashtra. It is listed on Indian stock exchanges and operates primarily in the production of agricultural implements, hand tools and allied forged/rolled products, selling a diverse range of items such as pickaxes, mattocks, hoes, hammers, crowbars and similar tools under well‑known brands like Lion and Chetak. The companyâ€...Read More

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Shivagrico Implement Key Financials

Market Cap ₹12 Cr.

Stock P/E 30.5

P/B 1.4

Current Price ₹23

Book Value ₹ 16.2

Face Value 10

52W High ₹36.2

Dividend Yield 0%

52W Low ₹ 19.2

Shivagrico Implement Share Price

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Volume
Price

Shivagrico Implement Quarterly Price

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Shivagrico Implement Peer Comparison

Shivagrico Implement Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 12 11 12 8 11 12 12 12 11 13
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 12 11 12 8 11 12 12 12 11 13
Total Expenditure 11 10 11 7 10 11 12 11 10 12
Operating Profit 1 1 1 1 1 1 1 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 0 0 0 0
Provision for Tax -0 0 0 0 0 0 -0 0 0 0
Profit After Tax 0 -0 -0 0 0 0 0 -0 0 0
Adjustments 0 -0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -0 -0 0 0 0 0 0 0 0
Adjusted Earnings Per Share 0.1 -0 -0 0.1 0.1 0.1 0.5 -0 0.3 0.2

Shivagrico Implement Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 24 26 24 22 25 25 38 48 42 43 43 48
Other Income 0 0 0 0 0 0 0 1 0 0 0 0
Total Income 24 26 24 22 26 25 38 49 42 44 44 48
Total Expenditure 23 24 22 21 25 24 36 45 39 41 40 45
Operating Profit 2 2 2 1 1 2 2 3 3 3 3 4
Interest 1 1 1 1 1 1 1 1 1 1 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 2 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 -1 -1 -0 0 1 0 0 0 0
Provision for Tax 0 0 0 -0 -0 0 0 0 0 0 0 0
Profit After Tax 0 -0 0 -0 -1 -0 0 1 0 0 0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -0 0 -0 -1 -0 0 1 0 0 0 0
Adjusted Earnings Per Share 0.1 -0.1 0.1 -0.6 -1.7 -0.9 0.2 1.5 0.2 0.1 0.8 1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -4% 11% 6%
Operating Profit CAGR 0% 0% 8% 4%
PAT CAGR 0% -100% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -36% 5% 36% 4%
ROE Average 5% 2% 4% -0%
ROCE Average 6% 5% 6% 4%

Shivagrico Implement Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 8 8 8 7 7 6 6 7 7 7 8
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 1 1 1 1 1 2 4 3 3 2
Other Non-Current Liabilities 0 1 1 1 1 0 1 1 1 1 1
Total Current Liabilities 9 11 10 12 14 16 19 16 17 18 15
Total Liabilities 18 21 20 21 22 23 28 28 28 29 26
Fixed Assets 8 8 7 9 9 8 8 9 9 11 10
Other Non-Current Assets 1 2 3 1 1 1 2 0 1 0 0
Total Current Assets 9 11 10 11 13 14 17 18 18 17 16
Total Assets 18 21 20 21 22 23 28 28 28 29 26

Shivagrico Implement Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 1 2 1
Cash Flow from Operating Activities 0 1 2 -0 -0 1 -1 3 5 1 4
Cash Flow from Investing Activities -1 -2 -1 -1 -1 -1 -3 -1 -2 -2 -1
Cash Flow from Financing Activities 0 1 -1 1 1 -0 4 -1 -2 1 -5
Net Cash Inflow / Outflow 0 -0 -0 0 -0 -0 0 1 1 -1 -1
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 1 2 1 0

Shivagrico Implement Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.1 -0.1 0.08 -0.62 -1.66 -0.89 0.2 1.53 0.2 0.14 0.75
CEPS(Rs) 2.14 2.29 2.67 1.31 0.96 1.74 2.67 4.52 2.97 2.84 4.04
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 15.5 15.4 15.52 14.92 13.25 12.18 12.38 14.22 14.56 14.77 15.7
Core EBITDA Margin(%) 6.84 6.93 6.56 4.34 2.37 5.66 4.92 5.81 5.18 5.16 6.64
EBIT Margin(%) 3.12 3.19 2.65 0.31 -1.41 1.83 2.8 4.1 2.84 2.91 3.75
Pre Tax Margin(%) 0.29 0.18 0.24 -2.26 -4.39 -1.62 0.83 2.13 0.36 0.37 0.9
PAT Margin (%) 0.2 -0.19 0.16 -1.4 -3.29 -1.78 0.26 1.6 0.24 0.16 0.88
Cash Profit Margin (%) 4.23 4.31 5.32 2.95 1.89 3.49 3.53 4.7 3.58 3.29 4.7
ROA(%) 0.29 -0.26 0.2 -1.52 -3.87 -1.99 0.39 2.77 0.36 0.25 1.38
ROE(%) 0.64 -0.64 0.53 -4.09 -11.8 -7 1.61 11.54 1.4 0.96 4.94
ROCE(%) 5.15 5.08 3.82 0.39 -1.88 2.35 4.82 7.91 4.74 4.95 6.43
Receivable days 9.84 16.19 21.14 19.73 28.85 39.93 29.59 25.05 23.53 21.29 23.75
Inventory Days 83.17 92.11 104.85 132.66 124.3 136.03 103.72 85.31 102.62 101.32 100.28
Payable days 15.14 12.93 27.54 49.09 40.15 56.21 36.78 21.38 26.61 22.53 10.65
PER(x) 0 0 100.37 0 0 0 26.08 10.88 91.68 216.22 45.8
Price/Book(x) 0 0 0.53 0.41 0.45 0 0.42 1.17 1.27 2.06 2.2
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.54 0.58 0.56 0.64 0.62 0.73 0.54 0.53 0.58 0.76 0.76
EV/Core EBITDA(x) 7.17 7.22 6.85 13.36 16.43 10.28 8.95 7.4 9.43 12.58 10.1
Net Sales Growth(%) -7.27 5.28 -6.7 -8.33 15.96 -1.16 51.15 27.35 -13.86 4.12 -0.28
EBIT Growth(%) 5.74 7.4 -21.74 -89.64 -616.87 228.69 130.78 86.39 -40.22 6.59 28.4
PAT Growth(%) -44.36 -200.32 182.11 -861.73 -167.06 46.47 122.19 677.27 -86.85 -30.34 435.6
EPS Growth(%) -44.36 -200.35 182.07 -862.06 -167.06 46.47 122.19 677.11 -86.85 -30.36 435.7
Debt/Equity(x) 1.05 1.28 1.22 1.47 1.93 2.2 2.94 2.58 2.33 2.59 2.01
Current Ratio(x) 0.99 0.96 1 0.93 0.93 0.9 0.92 1.12 1.05 0.99 1.03
Quick Ratio(x) 0.27 0.34 0.25 0.21 0.3 0.26 0.31 0.44 0.33 0.33 0.24
Interest Cover(x) 1.1 1.06 1.1 0.12 -0.47 0.53 1.42 2.08 1.15 1.15 1.32
Total Debt/Mcap(x) 0 0 2.31 3.56 4.28 0 7.07 2.19 1.83 1.26 0.92

Shivagrico Implement Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 61.62 61.63 61.79 61.79 61.92 62.03 62.12 62.18 62.18 62.19
FII 0 0 0 0 0 0 0 0 0 0
DII 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87
Public 37.5 37.5 37.33 37.33 37.21 37.1 37.01 36.94 36.94 36.94
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shivagrico Implement News

Shivagrico Implement Pros & Cons

Pros

  • Debtor days have improved from 22.53 to 10.65days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 2% over the last 3 years.
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