WEBSITE BSE:522237 NSE: SHIVAGRICO Inc. Year: 1979 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
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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
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 company’s operations encompass integrated manufacturing facilities in Falna, Rajasthan, including an induction furnace, rolling mill and forging units that produce both rolled steel sections and forged agricultural implements — with rolling capacity of tens of thousands of tonnes and forging capacity in the millions of pieces annually. Shivagrico serves both domestic and export markets, catering to industrial, agricultural and construction needs and has been recognised with export excellence awards for its international performance. Over the decades it has also engaged in turnkey manufacturing support and consultancy for similar facilities abroad, reflecting its technical expertise in tool production. Its financial and market performance reflects its position as a small‑cap industrial manufacturer with modest revenues and profit margins in the metals and tools sector. ...Read Less
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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
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(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 |
| #(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 |
| # | 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% |
| #(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 |
| #(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 |
| # | 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 |
| # | 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 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
* The pros and cons are machine generated.
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