Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.52 | 10.55 | 11.77 | 8.08 | 10.94 | 12.04 | 12.45 | 11.78 | 11.17 | 12.50 | 12.10 | 11.73 |
| Expenses | 10.86 | 9.92 | 11.09 | 7.33 | 10.13 | 11.28 | 11.51 | 11.03 | 10.35 | 11.74 | 11.13 | 10.92 |
| Operating Profit | 0.66 | 0.63 | 0.68 | 0.75 | 0.81 | 0.76 | 0.94 | 0.75 | 0.82 | 0.76 | 0.97 | 0.81 |
| OPM % | 5.73% | 5.97% | 5.78% | 9.28% | 7.40% | 6.31% | 7.55% | 6.37% | 7.34% | 6.08% | 8.02% | 6.91% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.30 | 0.28 | 0.27 | 0.30 | 0.31 | 0.30 | 0.31 | 0.28 | 0.25 | 0.27 | 0.23 | 0.26 |
| Depreciation | 0.30 | 0.33 | 0.36 | 0.40 | 0.41 | 0.41 | 0.43 | 0.41 | 0.36 | 0.29 | 0.51 | 0.47 |
| Profit before tax | 0.06 | 0.02 | 0.05 | 0.05 | 0.09 | 0.05 | 0.20 | 0.06 | 0.21 | 0.20 | 0.23 | 0.08 |
| Tax % | 0.00% | 100.00% | 140.00% | 20.00% | 33.33% | 0.00% | -20.00% | 100.00% | 33.33% | 45.00% | 39.13% | 25.00% |
| Net Profit | 0.06 | -0.01 | -0.01 | 0.04 | 0.06 | 0.05 | 0.23 | 0.00 | 0.14 | 0.11 | 0.14 | 0.06 |
| EPS in Rs | 0.12 | -0.02 | -0.02 | 0.08 | 0.12 | 0.10 | 0.46 | 0.00 | 0.28 | 0.22 | 0.28 | 0.12 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25.55 | 23.22 | 21.85 | 25.33 | 25.04 | 37.85 | 48.20 | 41.51 | 43.22 | 43.10 | 47.18 | 47.50 |
| Expenses | 23.70 | 21.56 | 20.88 | 24.74 | 23.62 | 35.98 | 45.40 | 39.36 | 40.99 | 40.23 | 44.27 | 44.14 |
| Operating Profit | 1.85 | 1.66 | 0.97 | 0.59 | 1.42 | 1.87 | 2.80 | 2.15 | 2.23 | 2.87 | 2.91 | 3.36 |
| OPM % | 7.24% | 7.15% | 4.44% | 2.33% | 5.67% | 4.94% | 5.81% | 5.18% | 5.16% | 6.66% | 6.17% | 7.07% |
| Other Income | 0.20 | 0.31 | 0.07 | 0.36 | 0.36 | 0.43 | 0.67 | 0.42 | 0.38 | 0.40 | 0.38 | 0.00 |
| Interest | 0.80 | 0.61 | 0.57 | 0.75 | 0.87 | 0.75 | 0.95 | 1.03 | 1.10 | 1.23 | 1.02 | 1.01 |
| Depreciation | 1.20 | 1.30 | 0.97 | 1.31 | 1.32 | 1.24 | 1.50 | 1.39 | 1.35 | 1.65 | 1.58 | 1.63 |
| Profit before tax | 0.05 | 0.06 | -0.50 | -1.11 | -0.41 | 0.31 | 1.02 | 0.15 | 0.16 | 0.39 | 0.69 | 0.72 |
| Tax % | 200.00% | 33.33% | -38.00% | -25.23% | 9.76% | 67.74% | 24.51% | 33.33% | 56.25% | 2.56% | 44.93% | |
| Net Profit | -0.05 | 0.04 | -0.31 | -0.83 | -0.45 | 0.10 | 0.77 | 0.10 | 0.07 | 0.38 | 0.39 | 0.45 |
| EPS in Rs | -0.10 | 0.08 | -0.62 | -1.66 | -0.90 | 0.20 | 1.54 | 0.20 | 0.14 | 0.76 | 0.78 | 0.90 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 5% | 4% | 1% | ||
| Compounded Profit Growth | 36% | 31% | 135% | 32% | ||
| Stock Price CAGR | 11% | 14% | -1% | -6% | ||
| Return on Equity | 0% | 4% | 3% | 5% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 |
| Reserves | 2.76 | 2.71 | 2.77 | 2.47 | 1.63 | 1.09 | 1.19 | 2.12 | 2.28 | 2.39 | 2.86 | 3.28 |
| Borrowings | 8.14 | 9.88 | 9.49 | 10.98 | 12.84 | 13.43 | 18.25 | 18.37 | 16.98 | 19.18 | 15.84 | 17.57 |
| Other Liabilities | 1.96 | 2.96 | 2.85 | 2.60 | 2.79 | 3.52 | 3.17 | 2.45 | 3.82 | 2.12 | 2.34 | 2.37 |
| Total Liabilities | 17.87 | 20.56 | 20.12 | 21.06 | 22.27 | 23.05 | 27.62 | 27.95 | 28.09 | 28.70 | 26.05 | 28.23 |
| Fixed Assets | 7.97 | 7.99 | 6.59 | 8.87 | 8.53 | 7.70 | 7.76 | 9.41 | 9.13 | 10.96 | 10.05 | 9.34 |
| CWIP | 0.76 | 1.82 | 3.11 | 0.66 | 0.37 | 0.62 | 2.25 | 0.11 | 0.87 | 0.13 | 0.21 | 1.37 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 9.14 | 10.75 | 10.42 | 11.53 | 13.37 | 14.73 | 17.61 | 18.43 | 18.09 | 17.61 | 15.79 | 17.52 |
| Total Assets | 17.87 | 20.56 | 20.12 | 21.06 | 22.27 | 23.05 | 27.62 | 27.95 | 28.09 | 28.70 | 26.05 | 28.23 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.46 | 1.19 | 2.29 | -0.15 | -0.49 | 1.06 | -1.06 | 2.57 | 5.18 | 0.84 | 3.84 | 1.23 |
| Cash from Investing Activity | -0.86 | -2.23 | -1.31 | -0.76 | -0.66 | -0.74 | -3.00 | -0.75 | -1.74 | -2.47 | -0.69 | -2.01 |
| Cash from Financing Activity | 0.43 | 1.01 | -1.00 | 0.91 | 1.12 | -0.33 | 4.07 | -0.82 | -2.43 | 1.10 | -4.56 | 0.71 |
| Net Cash Flow | 0.04 | -0.02 | -0.01 | 0.00 | -0.03 | 0.00 | 0.01 | 0.99 | 1.01 | -0.53 | -1.41 | -0.08 |
| Free Cash Flow | -0.41 | -1.06 | 1.02 | -0.92 | -1.17 | 0.31 | -3.98 | 1.60 | 3.43 | -1.60 | 3.15 | -0.80 |
| CFO/OP | 28% | 70% | 137% | -6% | -83% | 75% | -57% | 92% | 240% | 38% | 137% | 42% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 8.27 | 26.00 | 17.29 | 21.88 | 38.76 | 40.52 | 32.31 | 24.76 | 18.38 | 25.00 | 22.44 | 22.44 |
| Inventory Days | 170.21 | 170.47 | 208.02 | 260.46 | 197.84 | 255.83 | 180.46 | 138.31 | 157.86 | 147.31 | 171.95 | 167.33 |
| Days Payable | 17.59 | 9.18 | 45.01 | 48.65 | 43.51 | 64.02 | 34.11 | 15.65 | 37.22 | 8.56 | 11.63 | 7.15 |
| Cash Conversion Cycle | 160.90 | 187.28 | 180.31 | 233.69 | 193.10 | 232.33 | 178.65 | 147.43 | 139.02 | 163.75 | 182.77 | 182.62 |
| Working Capital Days | -3.61 | -7.71 | -2.67 | -17.04 | -15.27 | -24.63 | -16.10 | 6.36 | -11.17 | -14.10 | 2.88 | 3.48 |
| ROCE % | 5.20% | 5.01% | 3.79% | 0.28% | -1.95% | 2.36% | 4.82% | 7.77% | 4.30% | 4.92% | 5.81% | 6.90% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 61.62% | 61.62% | 61.63% | 61.79% | 61.79% | 61.92% | 62.02% | 62.11% | 62.18% | 62.18% | 62.18% | 62.18% |
| DIIs | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
| Public | 37.49% | 37.50% | 37.50% | 37.34% | 37.33% | 37.20% | 37.10% | 37.01% | 36.94% | 36.95% | 36.93% | 36.94% |
| No. of Shareholders | 2,543 | 2,550 | 2,561 | 2,584 | 2,599 | 2,669 | 2,661 | 2,664 | 2,712 | 2,740 | 2,767 | 2,776 |
Fundamentals
Market Cap₹ 11.1 Cr.
Current Price₹ 22.1
Stock P/E24.6
Book Value₹ 16.5
ROCE6.90 %
ROE4.83 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)32%
Standalone figures.
Valuation
Market capRs 10 Cr
Enterprise valueRs 27 Cr
P/E (TTM)22.06x
Price to book1.20x
Price to sales0.21x
EV / EBITDA8.16x
EV / EBIT15.84x
EV / sales0.58x
Price to cash flow8.07x
Earnings yield4.53%
P/E, 3-year average96.18x
P/B, 3-year average1.82x
P/E, 5-year average78.44x
P/B, 5-year average1.58x
Profitability
Operating margin (excl. other income)6.17%
Operating margin (incl. other income)6.97%
EBITDA margin7.07%
Pre-tax margin1.52%
Net profit margin0.95%
Net margin, latest quarter0.51%
ROE4.83%
ROCE6.90%
ROA1.44%
ROE, 3-year average3.59%
ROCE, 3-year average6.10%
ROA, 3-year average1.02%
ROE, 5-year average4.74%
ROCE, 5-year average6.19%
ROA, 5-year average1.24%
ROIC (approx.)3.70%
Tax rate44.93%
Other income / net worth4.58%
Growth
Sales growth (latest year)9.47%
Profit growth (latest year)2.63%
Sales CAGR, 3 years4.36%
Sales CAGR, 5 years4.51%
Profit CAGR, 3 years57.41%
Profit CAGR, 5 years31.28%
Sales growth QoQ-3.06%
Profit growth QoQ-57.14%
Sales growth YoY (latest quarter)-0.42%
Per share
EPS (TTM)Rs 0.90
EPS (latest year)Rs 0.78
EPS (latest quarter)Rs 0.12
EPS, 3-year averageRs 0.56
EPS, 5-year averageRs 0.68
Book value per shareRs 16.54
Sales per shareRs 94.74
Cash flow per shareRs 2.45
Free cash flow per shareRs -1.60
Efficiency
Asset turnover1.67x
Fixed asset turnover5.05x
Inventory turnover2.72x
Inventory days134 days
Debtor days22 days
Debtors turnover16.27x
Creditor days7 days
Cash conversion cycle183 days
Working capital days3 days
Leverage
Total debtRs 18 Cr
Cash and bankRs 0 Cr
Net debtRs 17 Cr
Debt to equity2.12x
Net debt / EBITDA5.20x
Interest coverage1.71x
Owners' fund to total sources29.37%
Debt to assets62.24%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years7.99x
Sales to cash flow38.36x
Statement figures
Net sales (TTM)Rs 48 Cr
Net sales (latest year)Rs 47 Cr
Sales (latest quarter)Rs 12 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 37 Cr
Total expenditure (latest year)Rs 44 Cr
Total income (latest year)Rs 48 Cr
Share capitalRs 5 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 8 Cr
Total assetsRs 28 Cr
Net blockRs 9 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 3 Cr
InventoryRs 14 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)0.50
Ownership
Promoter holding62.18% (+0.07 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 22.1 is at the 22th percentile of its own 6.3-year range
(median 72.7, low 9.8, high 211.4).
P/B 1.20 is at the 46th percentile (median 1.28).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 522237 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -12.1% | -2.8% | -9.3 pts |
| 1 month | -22.3% | -6.8% | -15.5 pts |
| 3 months | -22.1% | -7.6% | -14.5 pts |
| 3 years | -13.2% | +14.2% | -27.3 pts |
| 5 years | +72.6% | +27.9% | +44.7 pts |
Red flags
F-score 5 of 8| look | Profit leans on other income Other income was 55% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹12 Cr -0.4% vs Jun 2025.
Net profit ₹0 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Shivagrico Implements Ltd?
Shivagrico Implements Ltd (522237) has a market capitalisation of Rs 11.1 Cr. at the 2026-10-01 close.
What is the P/E ratio of Shivagrico Implements Ltd?
Shivagrico Implements Ltd trades at a P/E of 24.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Shivagrico Implements Ltd's latest quarterly results?
In the Jun 2026 quarter, Shivagrico Implements Ltd sales was Rs 12 Cr (-0.4% vs Jun 2025) and net profit was Rs 0 Cr.