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Shivagrico Implements Ltd (522237)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522237 NSE: Engineering - Industrial Equipments | Small Cap | Shivagrico Implement Share Price

₹26.29 0.00 (0.00%)

As on 10-Jun'26 16:00

Shivagrico Implements Ltd (522237)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522237 NSE: Engineering - Industrial Equipments | Small Cap | Shivagrico Implement Share Price

₹26.29 0.00 (0.00%)

As on 10-Jun'26 16:00

Key Metrics
Valuation Multiples
Market Cap
₹13 Cr.
Current Price
₹26.3
52-Week Low / High
₹19 / 36
TTM EPS
₹0.8
TTM Sales
₹47.2 Cr.
Book Value per Share
₹16.5
P/E Ratio
34.15
Lower than its 5-year historical median
Industry PE
56.2
Price to Book (P/B)
1.59
Higher than its 5-year historical median
Price to Sales (P/S)
0.28
Higher than its 5-year historical median
EV/EBITDA
9.31
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
4.94%
Underperforms industry median
Return on Capital Employed (ROCE)
6.43%
Underperforms industry median
Return on Assets (ROA)
1.38%
Operating Profit Margin
6.6%
Net Profit Margin
0.88%
Gross Profit Margin
4.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-0.28%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
28.25%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
442.86%
Asset Quality
Promoter Holding
62.19%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3 Cr.
Equity
₹5 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 42.50

Shivagrico Implements stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Shivagrico Implements Ltd a good quality company?
Shivagrico Implements Ltd is a quality company, based on a 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 Shivagrico Implements Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shivagrico Implements Ltd vs industry peers?
Shivagrico Implements Ltd revenue CAGR is 11.47%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Shivagrico Implements Ltd?
Promoters hold 62.19% of the Shivagrico Implements Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shivagrico Implements Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Shivagrico Implements 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.1%3.8%0.4%-1.9%2.4%4.8%7.9%4.7%5%6.4%-
Value Creation
Index
-0.6-0.7-1.0-1.1-0.8-0.7-0.4-0.7-0.7-0.5-

Growth Parameters

Sales 25.523.821.925.32537.948.241.543.243.147
Sales YoY Gr.--6.7%-8.3%15.9%-1.1%51.2%27.3%-13.9%4.1%-0.3%-
Adj EPS -0.10.1-0.7-1.8-10.31.3-0.2-00.50.8
YoY Gr.-NA-1183.3%NANANA375%-111.3%NANA-
BVPS (₹) 15.415.514.913.312.212.414.214.614.815.716.5
Adj Net
Profit
-0.10-0.3-0.9-0.50.10.7-0.1-00.30
Cash Flow from Ops. 1.22.3-0.2-0.51.1-1.12.65.20.83.8-
Debt/CF from Ops. 8.34.2-73.8-26.412.6-17.27.23.322.94.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6%11.5%-3.7%-0.3%
Adj EPS NANA-27.8%NA
BVPS0.2%5.2%3.4%6.3%
Share Price 6.4% 39.4% 11.4% -10.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-0.80.4-4.3-13.1-8.12.310-1-0.13.34.8
Op. Profit
Mgn %
7.26.94.42.45.75.15.85.25.26.67
Net Profit
Mgn %
-0.20.1-1.5-3.7-2.10.41.4-0.2-00.60.8
Debt to
Equity
1.31.21.51.92.22.92.62.32.620.2
Working Cap
Days
13415217717519915213114713513466
Cash Conv.
Cycle
100110124127143110971081071182

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales25.5423.8321.8525.3325.0437.8548.2041.5143.2243.10
Operating Expenses + 23.7022.1820.8824.7323.6235.9845.4039.3640.9940.24
Manufacturing Costs6.066.417.015.094.9078.775.465.927.90
Material Costs14.7113.2912.0815.9414.3123.2229.1628.4428.9925.43
Employee Cost 0.570.830.781.993.013.925.224.214.595.38
Other Costs 2.351.6411.711.401.842.251.261.491.53
Operating Profit 1.851.650.970.601.421.862.802.152.232.86
Operating Profit Margin (%) 7.2%6.9%4.4%2.4%5.7%4.9%5.8%5.2%5.2%6.6%
Other Income + 0.200.310.070.360.360.430.670.420.380.40
Exceptional Items 0000000000
Interest 0.800.610.570.750.870.750.951.031.101.23
Depreciation 1.201.300.971.311.321.241.501.391.351.65
Profit Before Tax 0.050.06-0.50-1.11-0.410.311.030.150.160.39
Tax 0.100.02-0.19-0.280.040.210.260.050.090.01
Profit After Tax -0.050.04-0.31-0.83-0.450.100.770.100.070.38
PAT Margin (%) -0.2%0.2%-1.4%-3.3%-1.8%0.3%1.6%0.2%0.2%0.9%
Adjusted EPS (₹)-0.10.1-0.6-1.7-0.90.21.50.20.10.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Shivagrico Implement - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7.727.787.486.646.116.217.137.307.407.87
Share Capital 5.015.015.015.015.015.015.015.015.015.01
Reserves 2.712.772.471.631.091.192.122.282.392.86
Debt +9.579.0110.4412.5013.0417.3717.2515.7318.1514.89
Long Term Debt0.701.220.811.220.822.053.623.042.802.06
Short Term Debt8.877.809.6211.2812.2215.3213.6312.7015.3412.82
Minority Interest0000000000
Trade Payables0.371.641.611.902.512.171.252.900.680.81
Others Liabilities 2.901.681.530.961.131.832.332.162.472.48
Total Liabilities 20.5620.1221.0522.0122.7827.5727.9528.0928.7026.04

Fixed Assets

Net Fixed Assets +7.996.598.878.537.707.769.419.1310.9610.05
Gross Block18.8118.6721.7722.7223.0824.3726.8227.8330.9731.34
Accumulated Depreciation10.8212.0812.9014.1915.3816.6217.4118.7020.0121.29
CWIP 1.823.110.660.370.622.250.110.870.130.21
Investments 0000000000
Inventories6.877.588.628.6410.0311.4811.0512.3011.7011.98
Trade Receivables1.821.101.312.692.783.353.272.092.962.65
Cash Equivalents 0.110.160.160.140.140.261.052.051.570.17
Others Assets 1.951.571.441.641.502.473.071.661.380.98
Total Assets 20.5620.1221.0522.0122.7827.5727.9528.0928.7026.04

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1.192.29-0.15-0.491.06-1.062.575.180.843.84
PBT 0.050.06-0.50-1.11-0.410.311.030.150.160.39
Adjustment 1.961.851.532.032.111.942.552.392.472.86
Changes in Working Capital -0.720.36-1.08-1.4-0.64-3.33-1.062.63-1.80.69
Tax Paid -0.100.02-0.090-00.010.050.010-0.10
Cash Flow From Investing Activity + -2.23-1.31-0.76-0.66-0.74-3-0.75-1.74-2.47-0.69
Capex -2.25-1.28-0.78-0.68-0.75-2.92-0.98-1.75-2.44-0.69
Net Investments 0-0.06-0-0.01-0.01-0.110.200-0.05-0.01
Others 0.030.030.020.020.020.030.0200.020.01
Cash Flow From Financing Activity + 1.01-10.911.12-0.334.07-0.82-2.431.10-4.56
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.80-0.61-0.57-0.75-0.87-0.75-0.95-1.03-1.10-1.23
Dividend Paid 0000000000
Others 1.82-0.391.481.870.544.810.13-1.392.19-3.34
Net Cash Flow -0.02-0.010-0.03-00.010.991.01-0.53-1.41

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-0.640.53-4.09-11.8-71.6111.541.40.964.94
ROCE (%)5.083.820.39-1.882.354.827.914.744.956.43
Asset Turnover Ratio1.391.241.081.181.121.51.741.481.521.57
PAT to CFO Conversion(x)N/A57.25N/AN/AN/A-10.63.3451.81210.11
Working Capital Days
Receivable Days16.2021.1019.7028.9039.9029.6025.1023.5021.3023.80
Inventory Days92.10104.90132.70124.30136103.7085.30102.60101.30100.30
Payable Days12.9027.5049.1040.2056.2036.8021.4026.6022.5010.70

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shivagrico Implements Ltd FAQs

The current trading price of Shivagrico Implement on 10-Jun-2026 16:00 is ₹26.29.

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 09-Jun-2026 the market cap of Shivagrico Implement stood at ₹13.18 Cr

The latest P/E ratio of Shivagrico Implement as of 09-Jun-2026 is 34.15.

The latest P/B ratio of Shivagrico Implement as of 09-Jun-2026 is 1.59.

The 52-week high of Shivagrico Implement is ₹35.99 and the 52-week low is ₹19.21.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shivagrico Implement is ₹47.18 ( Cr.) .

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

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

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

About Shivagrico Implements Ltd

Shivagrico Implements Ltd. a Ranawat Group of company is one of the leading manufacturer & exporter of Agricultural Implements / Hand tools for the last three decades, and was recognized as a Public Limited Company in 1992.

The company has wide product range of about 115 products of agricultural implements & hand tools such as pickaxes, crowbars, garden rakes, shuttering clamps, hoes etc.

Their manufacturing unit is located at Rajasthan (Falna) and their head office is in Mumbai. They have their own induction furnace, rolling plant and two forging units. Hence starting from the basic raw material like ingots up to the finished product, every product is manufactured by them. Their team of dedicated and qualified personnel supervises the entire production. Quality is determined at every stage of production.

The company is also having its workshop to make dyes, tools, jigs etc. which can be used for the manufacturing of any rolled / forged items as per buyer's specification and can undertake turnkey projects for establishment of industrial units for manufacturing agricultural implements.

They have been exporting their products under the trademark 'Lion Brand'. Their satisfied customers hail from various countries like Africa, U.K., Mozambique, Curaceo, Ghana and a number of gulf countries such as Dubai, Jeddah, Riyadh and Asian countries like Srilanka etc. They also supply their products to defense, railways, PWD irrigation. They have also received Export Excellence Award for five consecutive years.

They assure that the agricultural implements manufactured by them shall meet customer's specifications to the best of their ability. To assure the customer of quality and timely service, they have an in house laboratory for testing the chemical composition.

Shivagrico Implements made a tremendous progress as the manufacturer and exporter of hand tools, shuttering clamps, garden tools, wrenches, hoes and tool holders from India. Their innovative range of hand tools depicts their commitment to promote high quality hand tools after much research and modifications.

Product range of the company includes:

  • Hand tools
  • Shuttering Clamps
  • Garden tools
  • Wrenches
  • Hoes 
  • Tool holders
  • Pickaxes
  • Crowbars
  • Garden rakes
  • Animal drawn plough
  • Picks and beaters
  • Chisel
  • Axes
  • Ridger
  • Wheel barrows
  • Wrecking bars

Achievements/ recognition:

The company has received Export Excellence Award for five consecutive years.

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