As of 6 Nov 2026, Shivalik Rasayan trades at 36.8× trailing earnings, above the industry P/E of 14.4×, and the shares are 31% below their 52-week high. Sales grew 16% a year over 3 years while net profit fell 16%; its ROCE of 4.9% is the lowest among the 7 largest Agricultural Inputs peers. Debt is 0.19× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹511 Cr, ranked 37th of 72 Agricultural Inputs companies by market cap; the shares fell 35% over the past year.
- ₹297.85
- ₹321.95
- ₹293.20
- ₹297.85
- 78.5K
Health check
- ReturnsBehind
−34.8% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 36.8 vs industry 14.4.
- GrowthSteady
Sales +15.6%, profit −15.8% a year over 3 years.
- ProfitabilityWeak
ROCE 4.9% vs peer median 20.9%.
- Balance sheetFair
Debt 0.19× equity, interest covered 3.2×, Piotroski 4 of 9.
- Red flags3 to check
Return on equity is low at 2.9%.
Small cap
Defensive
Key metrics
- Market cap
- ₹511 Cr
- Small cap
- P/E
- 36.8
- Industry 14.4
- Price to book
- 0.84
- Peers 4.28
- Dividend yield
- 0.16%
- ROE
- 2.9%
- Peers 16.2%
- ROCE
- 4.9%
- Peers 20.9%
- Debt to equity
- 0.19
- Debt ₹114 Cr
- EPS (TTM)
- ₹8.67
- Face value ₹5
- OPM (TTM)
- 12.3%
- Net margin 3.7%
- Sales growth
- +7.9%
- Latest quarter vs a year ago
- Profit growth
- +112.6%
- Latest quarter vs a year ago
- Price to sales
- 1.36
- EV/EBITDA 12.3
Strengths and risks
Strengths
- Quarterly profit up 112.6% on a year ago.
Risks to check
- Return on equity is low at 2.9%.
- P/E of 36.8 against an industry P/E of 14.4.
- 31% below its 52-week high.
About Shivalik Rasayan
Shivalik Rasayan Limited produces and sells chemicals for the protection of plants in India. The company offers Dimethoate technical used in the preparation of formulations for use in the control of various insects and mites; and Malathion technical, an organophosphorus based contact insecticide used in the agricultural production of various food/feed crops. It also manufactures organophosphorus-based insecticides and chemicals. In addition, the company…
- Headquarters
- New Delhi
- Employees
- 342
- Sector
- Basic Materials
- ISIN
- INE788J01021
- Website
- shivalikrasayan.com
Price range
- Avg volume (3M)
- 79.6K
- 1-year return
- minus 34.8%
- From 52-week high
- minus 31.4%
Peers · Agricultural Inputs
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| COROMANDELCoromandel International | 1,824.00 | minus 4.00% | 53,724 | 34.5 | 17.0 | 20.9% | 9.4% | 0.11 | 10.2% | minus 12.4% |
| FACTFertilisers and Chemicals Travancore | 750.25 | minus 1.24% | 48,547 | – | 703.5 | 14.2% | 0.0% | 2.95 | 0.0% | minus 15.3% |
| UPLUPL | 534.90 | plus 1.60% | 45,214 | 23.9 | 6.0 | 9.9% | 20.0% | 0.83 | −1.2% | minus 28.0% |
| PIINDPI Industries | 1,735.00 | minus 1.98% | 26,321 | 30.0 | 13.1 | 14.7% | 24.2% | 0.03 | 1.1% | minus 51.9% |
| SUMICHEMSumitomo Chemical India | 328.95 | plus 0.34% | 16,419 | 29.4 | 21.0 | 21.0% | 20.3% | 0.02 | −2.6% | minus 34.4% |
| CHAMBLFERTChambal Fertilizers & Chemicals | 384.70 | minus 0.91% | 15,413 | 8.1 | 5.7 | 21.8% | 13.7% | 0.16 | −9.2% | minus 19.4% |
| BAYERCROPBayer Cropscience | 3,316.30 | plus 0.48% | 14,904 | 20.0 | 15.4 | 27.9% | 16.0% | 0.03 | 3.6% | minus 31.7% |
| SHIVALIKShivalik Rasayan | 318.80 | plus 7.03% | 511 | 36.8 | 12.6 | 4.9% | 7.0% | 0.19 | 15.6% | minus 34.8% |
| Median of 7 peers | – | −0.91% | 26,321 | 26.6 | 15.4 | 20.9% | 16.0% | 0.11 | 0.0% | −28.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 89.3 | 93.8 | 82 | 103 | 96.3 | |
| 78.3 | 81.8 | 71.7 | 90.4 | 85.2 | |
| 11 | 12 | 10.3 | 12.4 | 11.2 | |
| 12.3% | 12.8% | 12.6% | 12.1% | 11.6% | |
| 0.6 | 0.4 | 1.2 | 1.9 | 1 | |
| 2.6 | 2.2 | 2.3 | 2.5 | 2.1 | |
| 4.8 | 4.7 | 5.1 | 4.2 | 4.4 | |
| 4.1 | 5.5 | 4.1 | 7.7 | 5.7 | |
| 32.0% | 21.4% | 11.1% | 7.2% | 20.5% | |
| 1.6 | 3 | 2.7 | 4.5 | 3.4 | |
| 1.02 | 1.93 | 1.71 | 2.87 | 2.16 |
Profit & loss
- Sales CAGR 3Y
- +15.6%
- Profit CAGR 3Y
- −15.8%
- EPS CAGR 3Y
- −18.1%
- ROE
- 2.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 234 | 272 | 310 | 362 | |
| – | +16.1% | +14.0% | +16.8% | |
| 189 | 237 | 269 | 314 | |
| 44.7 | 34.4 | 40.8 | 47.7 | |
| 19.1% | 12.7% | 13.2% | 13.2% | |
| 4.2 | 2.6 | 7.6 | 2.7 | |
| 4.3 | 7.6 | 7.6 | 9.6 | |
| 11.6 | 4.6 | 15.6 | 18.8 | |
| −1.2 | −1.5 | −0 | −0.6 | |
| 31.7 | 23.3 | 25.1 | 21.5 | |
| 5.8% | 22.1% | 11.9% | 16.3% | |
| 20.7 | 12.7 | 16.7 | 12.4 | |
| – | minus 38.7% | +31.3% | minus 25.7% | |
| 14.32 | 8.35 | 10.60 | 7.87 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.2 | 7.8 | 7.9 | 7.9 | |
| 303 | 382 | 407 | 427 | |
| 65.5 | 86 | 105 | 123 | |
| 203 | 217 | 214 | 261 | |
| 578 | 692 | 734 | 819 | |
| 275 | 330 | 336 | 334 | |
| 57.3 | 117 | – | – | |
| 30.7 | 37.7 | 28 | 34.4 | |
| 216 | 208 | 370 | 451 | |
| 578 | 692 | 734 | 819 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −18.9 | −8.1 | −9.2 | −34 | |
| −70.8 | −74.3 | −21.1 | −21.2 | |
| 49.6 | 89.4 | 20.5 | 61.6 | |
| −40.1 | 7.1 | −9.8 | 6.4 | |
| −63.2 | −67.7 | −22.6 | −16.7 | |
| −82.2 | −75.7 | −31.8 | −50.7 | |
| −2 | −2 | −2 | −2.1 |
Shareholding pattern
- Promoters46.54%
- Public53.46%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 46.54% | 53.46% | 0.00 | |
| 14 Sep 2026 | 46.54% | 53.46% | minus 0.83 | |
| 30 Jun 2026 | 47.37% | 52.63% | 0.00 | |
| 31 Mar 2026 | 47.37% | 52.63% | 0.00 | |
| 31 Dec 2025 | 47.37% | 52.63% | – |
Major shareholders
Filings & events
News
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