Sharescart Research Club logo

Shivalik Rasayan Overview

Shivalik Rasayan Ltd is engaged in supplying agrochemicals. The Company is a producer of organ phosphorous (OP)-primarily based insecticides and chemical substances. It additionally manufactures organophosphate pesticides, including Dimethoate Technical and Malathion Technical. Its Dimethoate technical is utilized in preparation of formulations used within the manage of various insect pests and mites. It is an OP-based systemic insecticide and also possesses properties of an acaricide and a contact insecticide. It is an insecticide of moderate ...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Shivalik Rasayan Key Financials

Market Cap ₹415 Cr.

Stock P/E 20.3

P/B 0.8

Current Price ₹263.6

Book Value ₹ 329.6

Face Value 5

52W High ₹652.8

Dividend Yield 0.19%

52W Low ₹ 207.7

Shivalik Rasayan Share Price

₹ | |

Volume
Price

Shivalik Rasayan Quarterly Price

Show Value Show %

Shivalik Rasayan Peer Comparison

Shivalik Rasayan 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 67 70 71 75 82 85 69 89 94 82
Other Income 1 2 1 1 0 2 6 1 0 1
Total Income 68 72 73 75 83 87 75 90 94 83
Total Expenditure 57 61 62 65 71 72 64 78 82 72
Operating Profit 10 10 11 10 12 15 11 12 12 12
Interest 2 2 3 2 2 2 3 3 2 2
Depreciation 3 3 3 3 5 5 3 5 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 6 5 5 5 8 6 4 5 4
Provision for Tax 2 1 0 1 1 1 1 1 1 0
Profit After Tax 3 4 5 4 4 7 5 3 4 4
Adjustments -1 -1 -1 -0 -0 -2 -1 -1 -1 -1
Profit After Adjustments 2 3 3 4 4 5 4 2 3 3
Adjusted Earnings Per Share 1.2 2 2.2 2.3 2.6 3.4 2.6 1 1.9 1.7

Shivalik Rasayan 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 41 110 123 155 171 186 198 215 234 273 312 334
Other Income 0 1 1 3 8 3 1 4 5 4 8 8
Total Income 42 111 124 158 179 189 199 218 239 277 320 342
Total Expenditure 38 99 105 131 147 157 159 167 191 232 271 296
Operating Profit 3 12 19 27 32 32 40 51 48 45 49 47
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 18
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 5 11 20 26 27 29 37 32 23 23 19
Provision for Tax 1 2 3 5 5 5 4 3 2 5 3 3
Profit After Tax 2 3 8 15 21 22 25 34 30 18 20 16
Adjustments 0 0 -3 -6 -7 -8 -7 -9 -9 -5 -4 -4
Profit After Adjustments 2 3 5 9 14 14 18 26 21 13 17 12
Adjusted Earnings Per Share 0 3.7 6.4 8.6 9.9 10.2 12.8 17.7 14.3 8.2 10.6 7.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 13% 11% 23%
Operating Profit CAGR 9% -1% 9% 32%
PAT CAGR 11% -16% -2% 26%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -54% -30% -17% 21%
ROE Average 6% 8% 11% 23%
ROCE Average 8% 9% 12% 22%

Shivalik Rasayan 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 11 14 11 49 165 176 179 287 310 390 415
Minority's Interest 0 1 16 45 54 73 80 77 109 118 121
Borrowings 0 11 12 7 5 3 11 8 13 24 16
Other Non-Current Liabilities 0 2 2 2 2 1 2 1 -1 -2 -3
Total Current Liabilities 11 52 54 49 62 75 91 113 144 158 178
Total Liabilities 23 81 94 152 288 328 363 487 575 688 728
Fixed Assets 7 27 27 40 41 52 210 221 218 214 337
Other Non-Current Assets 1 2 3 4 32 109 8 11 65 126 5
Total Current Assets 14 51 63 106 212 158 131 240 262 294 315
Total Assets 23 81 94 152 288 328 363 487 575 688 728

Shivalik Rasayan 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 7 3 5 26 95 9 5 71 31 38
Cash Flow from Operating Activities 4 12 8 -7 -8 6 59 11 -19 -8 -9
Cash Flow from Investing Activities -0 -18 -4 -24 -24 -102 -65 -23 -71 -74 -21
Cash Flow from Financing Activities 1 3 -3 52 100 10 2 78 50 89 21
Net Cash Inflow / Outflow 4 -3 2 21 69 -86 -4 66 -40 7 -10
Closing Cash & Cash Equivalent 4 3 5 26 95 9 5 71 31 38 28

Shivalik Rasayan 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 3.68 6.39 8.63 9.88 10.16 12.77 17.67 14.32 8.17 10.6
CEPS(Rs) 2.32 6.34 12.59 16.78 17.4 18.55 24.13 31.25 28.6 19.61 22.98
DPS(Rs) 0 0 0.5 0.5 0.5 0.25 0.5 0.5 0.5 0.5 0.5
Book NAV/Share(Rs) 0 15.78 11.56 45.32 117.19 120.81 119.7 180.88 182.23 213.3 218.42
Core EBITDA Margin(%) 6.1 9.02 14.29 15.39 13.91 15.53 19.44 22.04 18.53 14.89 13.12
EBIT Margin(%) 6.61 8.14 13.14 15.51 16.82 15.34 15.67 18.64 15.57 11.81 10.72
Pre Tax Margin(%) 5.87 4.08 8.8 12.94 15.34 14.33 14.64 17.21 13.5 8.53 7.51
PAT Margin (%) 3.89 2.73 6.58 9.74 12.28 11.83 12.48 15.95 12.72 6.64 6.55
Cash Profit Margin (%) 4.28 4.71 8.37 11.27 14.05 13.72 16.83 21.08 17.67 11.18 11.61
ROA(%) 7.89 6.07 9.67 12.4 9.52 7.15 7.14 8.06 5.62 2.87 2.88
ROE(%) 17.48 26.44 72.4 52.98 20.02 13.44 14.88 16.05 11.34 6.08 6.04
ROCE(%) 28.55 34.23 39.5 43.66 22.8 15.87 16.59 15.76 11.1 8.41 7.69
Receivable days 70.92 51.11 77 89.81 105.03 107.99 117.32 118 120.48 114.67 107.04
Inventory Days 3.28 19.83 38.72 37.3 41.01 40.77 27.65 40.75 88.07 118.21 128.5
Payable days 125.55 99.54 137.23 101.86 97.5 128.93 155.56 194.02 192.82 153.66 134.84
PER(x) 0 7.85 15.76 31.65 27.33 21.74 55.23 52.79 46.96 70.67 59.08
Price/Book(x) 0 1.83 8.72 6.03 2.3 1.83 5.89 5.16 3.69 2.71 2.87
Dividend Yield(%) 0 0 0.4 0.15 0.19 0.11 0.07 0.05 0.07 0.09 0.08
EV/Net Sales(x) -0.01 0.47 0.91 1.83 1.74 1.65 5.05 6.16 4.3 3.47 3.41
EV/Core EBITDA(x) -0.16 4.46 5.88 10.62 9.37 9.58 25.22 25.9 20.97 21.22 21.61
Net Sales Growth(%) 0 166.02 12.31 25.72 9.94 9.22 6.07 8.69 9.17 16.44 14.21
EBIT Growth(%) 0 205.62 80.08 43.89 18.06 -0.41 8.4 29.27 -8.8 -11.69 3.69
PAT Growth(%) 0 74.34 168.57 80.22 37.33 5.27 11.88 38.92 -12.93 -39.23 12.65
EPS Growth(%) 0 0 73.48 35.07 14.39 2.92 25.68 38.34 -18.97 -42.92 29.7
Debt/Equity(x) 0.04 2.27 3.19 0.46 0.13 0.07 0.18 0.16 0.25 0.26 0.3
Current Ratio(x) 1.28 0.97 1.16 2.17 3.44 2.11 1.44 2.12 1.82 1.85 1.77
Quick Ratio(x) 1.25 0.74 0.88 1.83 3.09 1.84 1.33 1.81 1.34 1.28 1.11
Interest Cover(x) 8.92 2.01 3.03 6.04 11.42 15.26 15.2 13.07 7.53 3.6 3.34
Total Debt/Mcap(x) 0 1.24 0.37 0.08 0.05 0.04 0.03 0.03 0.07 0.1 0.11

Shivalik Rasayan Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 47.95 47.95 47.95 47.95 47.95 47.37 47.37 47.37 47.37 47.37
FII 1.18 1.87 2.15 2.16 3.22 3.16 3.25 3.27 3.36 3.66
DII 0.59 2.01 0.88 2.01 2.01 1.75 1.67 1.58 0.66 0.54
Public 50.28 48.17 49.01 47.88 46.83 47.71 47.71 47.77 48.61 48.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shivalik Rasayan News

Shivalik Rasayan Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from 153.66 to 134.84days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 47.37%.
  • Company has a low return on equity of 8% over the last 3 years.
  • The company has delivered a poor profit growth of -1% over past five years.
whatsapp