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10 Yrs X-Ray 
Profit & Loss 
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Analyst Note 
Balance Sheet 
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Qtr. Results 
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About
Shivam Chemicals Ltd (544165)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544165 NSE: Chemicals | Small Cap | Shivam Chemicals Share Price
₹109.50 2.50 (2.34%)
As on 06-Jul'26 16:59
Shivam Chemicals Ltd (544165)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544165 NSE: Chemicals | Small Cap | Shivam Chemicals Share Price
₹109.50 2.50 (2.34%)
As on 06-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹186 Cr.
Current Price
₹109.5
52-Week Low / High
₹56 / 130
TTM EPS
₹2.8
TTM Sales
₹270 Cr.
Book Value per Share
₹24.6
P/E Ratio
39.48
Lower than its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
4.46
Higher than its 5-year historical median
Price to Sales (P/S)
0.69
Higher than its 5-year historical median
EV/EBITDA
23.62
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
9.79%
In line with industry median
Return on Capital Employed (ROCE)
12.56%
In line with industry median
Return on Assets (ROA)
5.84%
Operating Profit Margin
1.9%
Net Profit Margin
1.24%
Gross Profit Margin
1.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
52.09%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
29.13%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
27.86%
Asset Quality
Promoter Holding
73.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹25 Cr.
Equity
₹17 Cr.
Face Value
₹10
All Time Low / High
₹45.00 / 130.40
Check Before You Invest
Quality
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Valuation
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Price Trend
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Is Shivam Chemicals Ltd a good quality company?
Shivam Chemicals 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 Shivam Chemicals Ltd performance compare with that of its Peers?
Revenue growth of Shivam Chemicals Ltd vs industry peers?
Shivam Chemicals Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 7.53%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Shivam Chemicals Ltd?
Promoters hold 73.00% of the Shivam Chemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Shivam Chemicals Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 89.45% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Shivam Chemicals 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'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.8% | 58% | 30.9% | 13.2% | 12.6% | - |
| Value Creation Index ⓘ | 0.7 | 3.1 | 1.2 | -0.1 | -0.1 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 95.5 | 178 | 157 | 136 | 207 | 270 |
| Sales YoY Gr. | - | 86.3% | -12% | -12.9% | 52.1% | - |
| Adj EPS ⓘ | 0.7 | 3.6 | 3 | 1.6 | 1.4 | 2.8 |
| YoY Gr. | - | 415.9% | -16.6% | -47.1% | -14% | - |
| BVPS (₹) ⓘ | 4.3 | 7.8 | 11.2 | 12.8 | 21.6 | 24.6 |
| Adj Net Profit ⓘ | 0.9 | 4.4 | 3.7 | 1.9 | 2.3 | 5 |
| Cash Flow from Ops. ⓘ | 1.5 | -3 | -2.2 | -3.8 | -10.7 | - |
| Debt/CF from Ops. ⓘ | 1 | -1.7 | -3.1 | -2.9 | -1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 5.2% | 52.1% | ||||
| Adj EPS ⓘ | NA | NA | -27.6% | -14% | ||||
| BVPSⓘ | NA | NA | 40.3% | 69% | ||||
| Share Price | - | - | - | 94.6% | ||||
Key Financial Parameters ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.3 | 58.8 | 31.3 | 13.1 | 8.7 | 12 |
| Op. Profit Mgn % ⓘ | 1.7 | 3.6 | 3.2 | 2.3 | 1.9 | NAN |
| Net Profit Mgn % ⓘ | 0.9 | 2.5 | 2.4 | 1.4 | 1.1 | 1.8 |
| Debt to Equity ⓘ | 0.3 | 0.5 | 0.5 | 0.7 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 33 | 52 | 72 | 68 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 13 | 21 | 26 | 27 | 0 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Sales | 95 | 178 | 157 | 136 | 207 |
| Operating Expenses ⓘ + | 94 | 172 | 151 | 133 | 203 |
| Operating Profit ⓘ | 2 | 6 | 5 | 3 | 4 |
| Operating Profit Margin (%) | 1.7% | 3.6% | 3.2% | 2.3% | 1.9% |
| Other Income ⓘ + | 0 | 0 | 0 | 0 | 1 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 6 | 5 | 3 | 3 |
| Tax ⓘ | 0 | 2 | 1 | 1 | 1 |
| Profit After Tax | 1 | 4 | 4 | 2 | 3 |
| PAT Margin (%) | 0.9% | 2.5% | 2.4% | 1.5% | 1.2% |
| Adjusted EPS (₹) | 0.7 | 3.6 | 3.0 | 1.6 | 1.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
Valuation of Shivam Chemicals - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 5 | 10 | 14 | 16 | 37 | ||||||
| Debt + | 1 | 5 | 7 | 11 | 10 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 2 | 6 | 2 | 6 | 5 | ||||||
| Others Liabilities ⓘ | 1 | 3 | 2 | 1 | 2 | ||||||
| Total Liabilities ⓘ | 10 | 24 | 24 | 34 | 54 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 0 | 0 | 0 | 1 | 1 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | ||||||
| Investments ⓘ | 0 | 0 | 2 | 2 | 7 | ||||||
| Inventories | 0 | 0 | 0 | 0 | 4 | ||||||
| Trade Receivables | 7 | 14 | 12 | 15 | 23 | ||||||
| Cash Equivalents | 0 | 0 | 0 | 0 | 1 | ||||||
| Others Assets ⓘ | 2 | 9 | 10 | 17 | 18 | ||||||
| Total Assets ⓘ | 10 | 24 | 24 | 34 | 54 | ||||||
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 2 | -3 | -2 | -4 | -11 |
| Cash Flow From Investing Activity ⓘ + | 0 | -0 | -1 | -0 | -6 |
| Cash Flow From Financing Activity ⓘ + | -2 | 3 | 4 | 4 | 16 |
| Net Cash Flow ⓘ | -0 | 0 | -0 | -0 | -0 |
Financial Ratio
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.39 | 59.19 | 31.59 | 13.51 | 9.79 | |||||
| ROCE (%) | 23.84 | 58.02 | 30.9 | 13.17 | 12.56 | |||||
| Asset Turnover Ratio | 9.61 | 10.59 | 6.59 | 4.68 | 4.71 | |||||
| PAT to CFO Conversion(x) | 2 | -0.75 | -0.5 | -2 | -3.67 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 27.50 | 21.80 | 30.50 | 36.30 | 33.90 | |||||
| Inventory Days | 0.30 | 0.10 | 0 | 0.10 | 3.30 | |||||
| Payable Days | 8.90 | 9.80 | 10.30 | 11.50 | 10.80 | |||||
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Shivam Chemicals Ltd FAQs
The current trading price of Shivam Chemicals on 06-Jul-2026 16:59 is ₹109.5.
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 05-Jul-2026 the market cap of Shivam Chemicals stood at ₹186.0 Cr
The latest P/E ratio of Shivam Chemicals as of 05-Jul-2026 is 39.48.
The latest P/B ratio of Shivam Chemicals as of 05-Jul-2026 is 4.46.
The 52-week high of Shivam Chemicals is ₹130.4 and the 52-week low is ₹56.26.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shivam Chemicals is ₹270 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shivam Chemicals Ltd is a below average quality company.
The key valuation ratios of Shivam Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shivam Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Shivam Chemicals Ltd
Shivam Chemicals Limited was incorporated as Sun Organosys Private Limited on October 12, 2010 under the provisions of Companies Act, 1956 with the Registrar of Companies, Mumbai. The name of the Company was changed to Shivam Chemicals Private Limited vide Ordinary Resolution dated January 17, 2012 and a fresh certificate of incorporation was issued on January 30, 2012 by the Registrar of Companies, Mumbai. Thereafter, the status of the Company was changed to Public Limited and the name of the Company was changed to Shivam Chemicals Limited vide Special Resolution dated November 04, 2023 and a fresh certificate of incorporation consequent to conversion was issued on November 21, 2023 by the Registrar of Companies, Mumbai.
The company is a manufacturer of Hydrated Lime (Calcium Hydroxide) & a distributor of various products such as Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc. With rich experience and knowledge it has built a well-established marketing network across India and it distributes animal feed products for various well renowned manufacture over the years. The Company is engaged in the business of wholesale sale of feed ingredient such as Di Calcium Phosphate and Mono Calcium Phosphate and Chemical Product such as Hydrated Lime (Calcium Hydroxide) and Quick lime (Calcium oxide). The company offers wide range of high-quality feed products. It consists of poultry feed, cattle feed and specialised chemical. The manufacturing activity is carried out by its wholly owned subsidiary Shivam Chemicals and Minerals Private Limited and is located at Dahej Gujarat.
Business area of the company
The company is engaged in the business of wholesale sale of feed ingredient such as Di Calcium Phosphate and Mono Calcium Phosphate and Chemical Product such as Hydrated Lime (Calcium Hydroxide) and Quick lime (Calcium oxide).
Products of the company
- Poultry feed supplement (MBM)
- Di -Calcium Phosphate (Feed Grade)
- Magnesium Oxide
- Limestone Powder
- Hydrated Lime (Calcium Hydroxide)
History and milestones
- 2010: The Company was incorporated as Private Company in the name of Sun Organosys Private Limited
- 2012: Change of Name of the company from Sun Organosys Private Limited to Shivam Chemicals Private Limited.
- 2018 Awarded as Platinum Supplier of DCP by Godrej Agrovet.
- 2020: Awarded as Platinum Supplier of DCP by Godrej Agrovet.
- 2022: Awarded as Elite Supplier? of Di-Calcium Phosphate by Godrej Agrovet.
- 2022: The Company acquired entire shares of Shivam Chemicals & Minerals Pvt. Ltd.
- 2023: Conversion of company from Private Limited Company to Public Limited Company vide Special Resolution passed at General Meeting dated November 04, 2023.
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