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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

₹237.35 0.25 (0.11%)

As on 09-Jun'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

₹237.35 0.25 (0.11%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹374 Cr.
Current Price
₹237.4
52-Week Low / High
₹208 / 653
TTM EPS
₹5.2
TTM Sales
₹170 Cr.
Book Value per Share
₹238.1
P/E Ratio
45.75
Lower than its 5-year historical median
Industry PE
31.8
Price to Book (P/B)
1.00
Lower than its 5-year historical median
Price to Sales (P/S)
2.20
Lower than its 5-year historical median
EV/EBITDA
16.09
Lower than its 5-year historical median
Dividend Yield
0.08%
Profitability Efficiency
Return on Equity (ROE)
3.83%
Underperforms industry median
Return on Capital Employed (ROCE)
4.65%
Underperforms industry median
Return on Assets (ROA)
2.84%
Operating Profit Margin
17.7%
Net Profit Margin
9.29%
Gross Profit Margin
14.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
59.3%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
54.52%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
60.53%
Asset Quality
Promoter Holding
47.37%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹398 Cr.
Equity
₹7.9 Cr.
Face Value
₹5
All Time Low / High
₹7.00 / 1196.80

Shivalik Rasayan stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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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 19.68%, compared to the industry median CAGR of 8.45%, 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 23% 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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 28.9%25.4%18.4%9%5.9%7.6%8.6%5.3%3.7%4.7%-
Value Creation
Index
1.10.80.3-0.4-0.6-0.5-0.4-0.6-0.7-0.7-

Growth Parameters

Sales 42.640.943.64860.884.999.393.693.7149170
Sales YoY Gr.--3.9%6.6%9.9%26.7%39.7%17%-5.8%0.1%59.3%-
Adj EPS 3.13.94.96.56.49.213.410.45.68.85.2
YoY Gr.-23.7%26.4%32.6%-1.9%44.9%45.2%-22%-46.7%58.6%-
BVPS (₹) 15.219.143.2113.7116.3125.9177.3184.2228.6233.6238.1
Adj Net
Profit
2.73.35.18.98.812.719.415.18.613.98
Cash Flow from Ops. 6.24.5-1.6-12-7.1467-12.7-1.4-1-
Debt/CF from Ops. 1.83.1-4.9-0.7-00.32.2-3.2-40.3-68-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15%19.7%14.5%59.3%
Adj EPS 12.2%6.7%-13%58.6%
BVPS35.5%15%9.6%2.2%
Share Price 21.8% -20.6% -31.7% -57%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
21.221.216.18.75.47.38.55.42.63.62.2
Op. Profit
Mgn %
11.416.616.813.115.622.123.420.418.317.715.4
Net Profit
Mgn %
6.38.111.818.614.414.919.516.19.29.34.8
Debt to
Equity
0.90.90.20.100.10.10.20.20.20
Working Cap
Days
838198188268205180295417305156
Cash Conv.
Cycle
-30-2119444-1166617114150

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales434144486185999494149
Operating Expenses + 383436425166767477123
Manufacturing Costs66567121412919
Material Costs26232628353742434776
Employee Cost 33344912131723
Other Costs 3224589744
Operating Profit 577691923191726
Operating Profit Margin (%) 11.4%16.5%16.8%13.1%15.6%22.1%23.4%20.4%18.3%17.7%
Other Income + 1114102222
Exceptional Items 0000000000
Interest 1211111136
Depreciation 0001165559
Profit Before Tax 456991319151014
Tax 121-0-0-0-0-02-0
Profit After Tax 33599131915914
PAT Margin (%) 6.3%8.1%11.8%18.6%14.4%14.9%19.5%16.1%9.2%9.3%
Adjusted EPS (₹)3.13.94.96.56.49.213.410.45.68.8
Dividend Payout Ratio (%)0%10.40%8.20%7.70%3.90%5.40%3.70%4.80%9%5.70%

Valuation of Shivalik Rasayan - Standalone

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!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 141746160168180264278371398
Share Capital 3347777788
Reserves 101442153161173256271363390
Debt +996701114344561
Long Term Debt8965053122313
Short Term Debt10020711212348
Minority Interest0000000000
Trade Payables10557141212181324
Others Liabilities 573441927344126
Total Liabilities 373861178186222317363470508

Fixed Assets

Net Fixed Assets +88151618120128126122250
Gross Block1313202225133146149150286
Accumulated Depreciation455671318242837
CWIP 000116103571170
Investments 16182727395355657374
Inventories11363511304256
Trade Receivables75898167203127
Cash Equivalents 124866167102324
Others Assets 44523502746566177
Total Assets 373861178186222317363470508

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 64-2-12-7467-13-1-1
PBT 3561191522151014
Adjustment 221-21655713
Changes in Working Capital 2-1-8-19-1527-17-30-18-26
Tax Paid -1-1-2-1-2-2-3-3-1-1
Cash Flow From Investing Activity + -17-2-16-9-65-61-16-65-69-20
Capex -2-1-7-13-53-47-16-57-61-21
Net Investments -16-1-90-13-14-2-10-8-1
Others 1004101212
Cash Flow From Financing Activity + 7-219104-91076218322
Net Proceeds from Shares 0023106007507214
Net Proceeds from Borrowing 81-3-1-54-1911-10
Interest Paid -1-2-1-1-1-1-1-1-3-6
Dividend Paid 00-0-1-1-0-1-1-1-1
Others 1-1-00-27414425
Net Cash Flow -41283-81-566-57131

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)22.8722.5216.648.835.537.695.772.773.83
ROCE (%)28.9425.4418.448.965.937.578.565.343.684.65
Asset Turnover Ratio1.61.220.910.40.330.420.370.280.220.31
PAT to CFO Conversion(x)21.33-0.4-1.33-0.783.540.37-0.87-0.11-0.07
Working Capital Days
Receivable Days61.6049.3052.4062.3050.8052.7042.4051.3099.4071.80
Inventory Days5.309.3016.1033.6028.2016.7028.9080.10141119.90
Payable Days136.90114.8066.2076.40111.30128.90107.30129.90120.6088.90

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

Shivalik Rasayan Ltd FAQs

The current trading price of Shivalik Rasayan on 09-Jun-2026 16:59 is ₹237.3.

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 08-Jun-2026 the market cap of Shivalik Rasayan stood at ₹373.8 Cr

The latest P/E ratio of Shivalik Rasayan as of 08-Jun-2026 is 45.75.

The latest P/B ratio of Shivalik Rasayan as of 08-Jun-2026 is 1.00.

The 52-week high of Shivalik Rasayan is ₹652.8 and the 52-week low is ₹207.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shivalik Rasayan is ₹170 ( 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 Weak which suggest that the price of Shivalik Rasayan Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Shivalik Rasayan Ltd

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About MoneyWorks4Me

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