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Shivalik Rasayan Ltd (SHIVALIK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539148 NSE: SHIVALIK Pesticides & Agrochemicals | Small Cap | Shivalik Rasayan Share Price

₹401.55 -7.90 (-1.93%)

As on 30-Sep'26 16:59

Shivalik Rasayan Ltd (SHIVALIK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539148 NSE: SHIVALIK Pesticides & Agrochemicals | Small Cap | Shivalik Rasayan Share Price

₹401.55 -7.90 (-1.93%)

As on 30-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹656 Cr.
Current Price
₹401.6
52-Week Low / High
₹206 / 474
TTM EPS
₹8.5
TTM Sales
₹375 Cr.
Book Value per Share
₹223.2
P/E Ratio
48.02
Lower than its 5-year historical median
Industry PE
27.5
Price to Book (P/B)
1.83
Lower than its 5-year historical median
Price to Sales (P/S)
1.75
Lower than its 5-year historical median
EV/EBITDA
14.78
Lower than its 5-year historical median
Dividend Yield
0.12%
Profitability Efficiency
Return on Equity (ROE)
5.21%
Underperforms industry median
Return on Capital Employed (ROCE)
7.06%
Underperforms industry median
Return on Assets (ROA)
2.33%
Operating Profit Margin
12.8%
Net Profit Margin
4.88%
Gross Profit Margin
10.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
14.07%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
15.19%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-18.8%
Asset Quality
Promoter Holding
47.37%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹439 Cr.
Equity
₹8 Cr.
Face Value
₹5
All Time Low / High
₹7.00 / 1196.80

Shivalik Rasayan stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Strong
Q.1 Is Shivalik Rasayan Ltd a good quality company?
Shivalik Rasayan Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Shivalik Rasayan Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shivalik Rasayan Ltd vs industry peers?
Shivalik Rasayan Ltd revenue CAGR is 13.25%, compared to the industry median CAGR of 1.96%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Shivalik Rasayan Ltd?
Promoters hold 47.37% of the Shivalik Rasayan Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shivalik Rasayan Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20.9% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shivalik Rasayan Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ25.4%18.4%9%5.9%7.6%8.6%5.3%3.7%4.7%3.6%-
Value Creation
Index ⓘ
0.80.3-0.4-0.6-0.5-0.4-0.6-0.7-0.7-0.8-

Growth Parameters ⓘ

Sales ⓘ40.943.64860.884.999.393.693.7149170172
Sales YoY Gr.-6.6%9.9%26.7%39.7%17%-5.8%0.1%59.3%14.1%-
Adj EPS ⓘ3.94.96.56.49.213.410.45.68.85.26
YoY Gr.-26.4%32.6%-1.9%44.9%45.2%-22%-46.7%58.6%-41%-
BVPS (₹) ⓘ19.143.2113.7116.3125.9177.3184.2228.6233.6235.8237.7
Adj Net
Profit ⓘ
3.35.18.98.812.719.415.18.613.98.210
Cash Flow from Ops. ⓘ4.5-1.6-12-7.1467-12.7-1.4-1-1.3-
Debt/CF from Ops. ⓘ3.1-4.9-0.7-00.32.2-3.2-40.3-68-58.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ17.2%14.9%22.1%14.1%
Adj EPS ⓘ3.3%-10.8%-20.7%-41%
BVPSⓘ32.2%13.4%8.6%0.9%
Share Price 20.5% -16.5% -18.6% -8.3%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
21.216.18.75.47.38.55.42.63.622.5
Op. Profit
Mgn % ⓘ
16.616.813.115.622.123.420.418.317.715.515.5
Net Profit
Mgn % ⓘ
8.111.818.614.414.919.516.19.29.34.85.6
Debt to
Equity ⓘ
0.90.20.100.10.10.20.20.20.2-
Working Cap
Days ⓘ
8198188268205180295417305307156
Cash Conv.
Cycle ⓘ
-2119444-1166617114113750

Valuation of Shivalik Rasayan - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales123155171186198215234273312368
Operating Expenses ⓘ + 105131147157159167191232271321
Manufacturing Costs14181520223128283951
Material Costs729411111410794115140160188
Employee Cost 9101214182633465459
Other Costs ⓘ 109810121615181722
Operating Profit ⓘ 18242429384743414147
Operating Profit Margin (%) 14.9%15.5%13.9%15.5%19.4%22.0%18.5%14.9%13.1%12.8%
Other Income ⓘ + 1383145484
Exceptional Items ⓘ 0000000000
Interest ⓘ 64322359811
Depreciation ⓘ 223491112121619
Profit Before Tax ⓘ 11202627293732232521
Tax ⓘ 3555432534
Profit After Tax 8152122253430182218
PAT Margin (%) 6.9%9.8%12.3%11.8%12.5%16.0%12.7%6.6%7.1%4.9%
Adjusted EPS (₹)6.48.69.910.212.817.714.38.211.77.9
Dividend Payout Ratio (%)6.30%4.60%5.10%2.50%3.90%2.80%3.50%6.10%4.30%6.40%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1149165176179278295386415435
Share Capital ⓘ 3.424.216.896.896.897.247.247.787.887.88
Reserves ⓘ 745158169172270287378407427
Debt +262119102938587694114
Long Term Debt1275311813241626
Short Term Debt1414148183045527787
Minority Interest164554738077109118121164
Trade Payables27263447445666526680
Others Liabilities ⓘ 16111622303848563119
Total Liabilities ⓘ 94152288328363487575688728812

Fixed Assets

Net Fixed Assets ⓘ +27404152210221218214337335
Gross Block51666983249271279287425442
Accumulated Depreciation232628313950617388107
CWIP ⓘ 0026102035711700
Investments ⓘ 0000000000
Inventories15172120103875102118147
Trade Receivables314652586970858796115
Cash Equivalents 52695957131382834
Others Assets ⓘ 152253887084109131149181
Total Assets ⓘ 94152288328363487575688728812
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 8-7-865911-19-8-9-34
PBT ⓘ 11203028294032232321
Adjustment ⓘ 76-24101214182226
Changes in Working Capital ⓘ -9-31-31-2027-34-58-45-52-79
Tax Paid ⓘ -1-2-5-6-7-6-6-4-3-3
Cash Flow From Investing Activity ⓘ + -4-24-24-102-65-23-71-74-21-21
Capex -3-15-29-90-65-25-63-68-23-17
Net Investments -2-90-1300-10-8-1-7
Others ⓘ 0051022232
Cash Flow From Financing Activity ⓘ + -3521001027850892162
Net Proceeds from Shares ⓘ 3621062506531741445
Net Proceeds from Borrowing ⓘ 0-5-1-38-3511-710
Interest Paid ⓘ 0-4-2-1-2-2-4-8-9-10
Dividend Paid ⓘ -5-1-1-2-1-1-2-2-2-2
Others ⓘ -1-0-2-8-41921142619
Net Cash Flow ⓘ 22169-86-466-407-106
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)72.452.9820.0213.4414.8816.0511.346.086.555.21
ROCE (%)39.543.6622.815.8716.5915.7611.18.417.687.06
Asset Turnover Ratio1.471.270.780.60.570.510.440.430.440.48
PAT to CFO Conversion(x)1-0.47-0.380.272.360.32-0.63-0.44-0.41-1.89
Working Capital Days
Receivable Days7789.80105108117.30118120.50114.70107104.80
Inventory Days38.7037.304140.8027.7040.8088.10118.20128.50131.20
Payable Days137.20101.9097.50128.90155.60194192.80153.70134.80141.70

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Shivalik Rasayan Ltd FAQs

The current trading price of Shivalik Rasayan on 30-Sep-2026 16:59 is ₹401.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Sep-2026 the market cap of Shivalik Rasayan stood at ₹656.5 Cr

The latest P/E ratio of Shivalik Rasayan as of 29-Sep-2026 is 68.36.

The latest P/B ratio of Shivalik Rasayan as of 29-Sep-2026 is 1.72.

The 52-week high of Shivalik Rasayan is ₹474.2 and the 52-week low is ₹206.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shivalik Rasayan is ₹172 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shivalik Rasayan Ltd is a below average quality company.

The key valuation ratios of Shivalik Rasayan Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Shivalik Rasayan Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Shivalik Rasayan Ltd

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