Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.70 | 7.64 | 3.25 | 5.76 | 2.65 | 2.20 | 0.92 | 4.51 | 1.82 | 6.78 | 2.15 | 9.58 |
| Expenses | 1.37 | 6.73 | 2.84 | 4.97 | 2.30 | 1.64 | 0.67 | 4.37 | 1.71 | 6.18 | 1.97 | 9.07 |
| Operating Profit | 0.33 | 0.91 | 0.41 | 0.79 | 0.35 | 0.56 | 0.25 | 0.14 | 0.11 | 0.60 | 0.18 | 0.51 |
| OPM % | 19.41% | 11.91% | 12.62% | 13.72% | 13.21% | 25.45% | 27.17% | 3.10% | 6.04% | 8.85% | 8.37% | 5.32% |
| Other Income | 0.08 | 0.09 | 0.03 | 0.02 | 0.00 | -7.53 | 0.00 | 1.27 | 0.04 | 0.02 | 0.00 | 0.05 |
| Interest | 0.35 | 0.41 | 0.16 | 0.19 | 0.15 | 0.18 | 0.16 | 0.15 | 0.13 | 0.35 | 0.18 | 0.26 |
| Depreciation | 0.00 | 0.55 | 0.00 | 0.71 | 0.00 | 0.56 | 0.00 | 0.18 | 0.00 | 0.22 | 0.00 | 0.29 |
| Profit before tax | 0.06 | 0.04 | 0.28 | -0.09 | 0.20 | -7.71 | 0.09 | 1.08 | 0.02 | 0.05 | 0.00 | 0.01 |
| Tax % | 16.67% | 275.00% | 14.29% | 44.44% | 0.00% | 1.43% | 0.00% | 31.48% | 0.00% | 100.00% | 700.00% | |
| Net Profit | 0.05 | -0.07 | 0.23 | -0.13 | 0.20 | -7.81 | 0.09 | 0.75 | 0.02 | 0.01 | 0.00 | -0.06 |
| EPS in Rs | 0.04 | -0.05 | 0.17 | -0.10 | 0.15 | -5.91 | 0.07 | 0.57 | 0.02 | 0.01 | 0.00 | -0.05 |
| Mar 2015 | Mar 2016 3m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.54 | 5.09 | 19.08 | 21.35 | 15.46 | 14.48 | 6.37 | 9.01 | 4.85 | 5.44 | 8.58 | 11.73 |
| Expenses | 12.85 | 4.86 | 16.27 | 18.88 | 13.28 | 13.12 | 4.88 | 7.81 | 3.95 | 5.05 | 7.87 | 11.04 |
| Operating Profit | 1.69 | 0.23 | 2.81 | 2.47 | 2.18 | 1.36 | 1.49 | 1.20 | 0.90 | 0.39 | 0.71 | 0.69 |
| OPM % | 11.62% | 4.52% | 14.73% | 11.57% | 14.10% | 9.39% | 23.39% | 13.32% | 18.56% | 7.17% | 8.28% | 5.88% |
| Other Income | 0.05 | 0.02 | 0.07 | 0.06 | 0.11 | 0.49 | 0.09 | 0.04 | -7.53 | 1.27 | 0.06 | 0.05 |
| Interest | 1.24 | 0.34 | 1.02 | 0.58 | 0.73 | 1.07 | 0.61 | 0.35 | 0.32 | 0.31 | 0.48 | 0.44 |
| Depreciation | 1.67 | 0.46 | 1.55 | 1.31 | 1.09 | 0.62 | 0.81 | 0.71 | 0.56 | 0.18 | 0.22 | 0.29 |
| Profit before tax | -1.17 | -0.55 | 0.31 | 0.64 | 0.47 | 0.16 | 0.16 | 0.18 | -7.51 | 1.17 | 0.07 | 0.01 |
| Tax % | -27.35% | 14.55% | -406.45% | 46.88% | 40.43% | 193.75% | 93.75% | 44.44% | 1.46% | 28.21% | 71.43% | 700.00% |
| Net Profit | -0.85 | -0.63 | 1.57 | 0.34 | 0.28 | -0.16 | 0.00 | 0.11 | -7.61 | 0.83 | 0.02 | -0.06 |
| EPS in Rs | -0.70 | 1.19 | 0.26 | 0.21 | -0.12 | 0.00 | 0.08 | -5.76 | 0.63 | 0.02 | -0.05 | |
| Dividend Payout % | 0.00% | 0.00% | 16.84% | 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 | 9% | 13% | 34% | 37% | ||
| Compounded Profit Growth | 7% | % | % | -400% | ||
| Stock Price CAGR | -1% | 39% | 12% | -32% | ||
| Return on Equity | 2% | 1% | 1% | 0% |
| 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 | 10.18 | 9.02 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 |
| Reserves | -1.12 | -1.79 | 0.64 | 0.98 | 1.26 | 0.92 | 0.92 | 1.02 | -6.59 | 1.81 | 10.05 | 10.72 |
| Borrowings | 11.19 | 8.93 | 8.71 | 9.72 | 7.48 | 7.44 | 5.47 | 5.05 | 4.13 | 5.36 | 5.19 | 4.12 |
| Other Liabilities | 2.67 | 1.95 | 3.66 | 3.54 | 6.44 | 4.22 | 3.97 | 4.24 | 3.94 | 2.80 | 4.18 | 9.36 |
| Total Liabilities | 22.92 | 18.11 | 26.23 | 27.46 | 28.40 | 25.80 | 23.58 | 23.53 | 14.70 | 23.19 | 32.64 | 37.42 |
| Fixed Assets | 11.74 | 10.12 | 8.75 | 7.46 | 6.41 | 5.85 | 5.36 | 4.65 | 4.97 | 4.42 | 4.86 | 4.93 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.19 | 0.21 | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 11.18 | 7.80 | 17.27 | 19.77 | 21.99 | 19.95 | 18.22 | 18.88 | 9.73 | 18.77 | 27.78 | 32.49 |
| Total Assets | 22.92 | 18.11 | 26.23 | 27.46 | 28.40 | 25.80 | 23.58 | 23.53 | 14.70 | 23.19 | 32.64 | 37.42 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3.67 | -8.07 | -2.28 | -0.46 | 1.75 | -0.29 | 2.38 | 0.90 | -6.32 | 7.34 | -7.65 | 1.10 |
| Cash from Investing Activity | -0.42 | -9.53 | -0.66 | 0.04 | 1.11 | 1.34 | 0.19 | -0.13 | 7.61 | -8.10 | 0.80 | -0.34 |
| Cash from Financing Activity | 4.08 | 17.60 | 2.97 | 0.43 | -2.81 | -1.12 | -2.57 | -0.78 | -1.23 | 0.92 | 7.46 | -0.77 |
| Net Cash Flow | -0.01 | 0.01 | 0.02 | 0.01 | 0.05 | -0.07 | 0.00 | -0.01 | 0.06 | 0.16 | 0.61 | -0.01 |
| Free Cash Flow | -4.44 | -21.57 | -2.43 | -0.48 | 1.71 | -0.36 | 2.06 | 0.90 | -7.20 | 7.84 | -8.31 | 0.74 |
| CFO/OP | -217% | -3,509% | -81% | -17% | 86% | -15% | 161% | 77% | -699% | 1,921% | -1,045% | 161% |
| 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 | 155.39 | 309.78 | 155.91 | 225.84 | 405.37 | 368.02 | 218.89 | 178.25 | 24.08 | 88.57 | 233.97 | 248.00 |
| Inventory Days | 111.46 | 193.74 | 113.59 | 90.48 | 108.96 | 135.41 | 454.32 | 325.61 | 1,308.84 | 618.80 | 452.66 | 335.23 |
| Days Payable | 73.53 | 117.63 | 79.26 | 41.47 | 161.76 | 64.68 | 52.36 | 196.07 | 394.49 | 99.31 | 107.85 | 199.16 |
| Cash Conversion Cycle | 193.32 | 385.90 | 190.23 | 274.85 | 352.57 | 438.75 | 620.85 | 307.79 | 938.43 | 608.05 | 578.79 | 384.08 |
| Working Capital Days | 196.81 | 213.69 | 164.90 | 185.32 | 249.79 | 308.03 | 72.77 | 42.94 | 201.69 | 249.60 | 567.07 | 347.57 |
| ROCE % | 0.39% | -1.15% | 6.87% | 5.25% | 5.23% | 5.65% | 3.74% | 2.72% | 2.46% | 8.73% | 2.25% | 1.59% |
| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 68.22% | 68.22% | 68.22% | 68.22% | 68.22% | 66.18% | 54.45% | 53.09% | 44.46% | 44.46% | 44.46% | 44.46% |
| Public | 31.78% | 31.78% | 31.78% | 31.79% | 31.79% | 33.83% | 45.55% | 46.91% | 55.55% | 55.55% | 55.54% | 55.54% |
| No. of Shareholders | 220 | 247 | 242 | 240 | 240 | 238 | 236 | 239 | 250 | 271 | 271 | 286 |
Fundamentals
Market Cap₹ 14.8 Cr.
Current Price₹ 9.21
Book Value₹ 18.1
ROCE1.59 %
ROE-0.25 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)37%
Compounded Profit Growth (TTM)-400%
Standalone figures.
Valuation
Market capRs 14 Cr
Enterprise valueRs 17 Cr
Price to book0.58x
Price to sales1.18x
EV / EBITDA23.21x
EV / EBIT38.17x
EV / sales1.46x
Price to cash flow12.61x
Earnings yield-0.43%
P/E, 3-year average514.84x
P/B, 3-year average0.82x
P/E, 5-year average354.84x
P/B, 5-year average0.92x
Profitability
Operating margin (excl. other income)5.88%
Operating margin (incl. other income)6.31%
EBITDA margin6.31%
Pre-tax margin0.09%
Net profit margin-0.51%
ROE-0.25%
ROCE1.59%
ROA-0.17%
ROE, 3-year average2.50%
ROCE, 3-year average4.45%
ROA, 3-year average1.43%
ROE, 5-year average-12.93%
ROCE, 5-year average-6.36%
ROA, 5-year average-7.01%
ROIC (approx.)-9.91%
Tax rate700.00%
Other income / net worth0.21%
Growth
Sales growth (latest year)36.71%
Profit growth (latest year)-400.00%
Sales CAGR, 3 years34.23%
Sales CAGR, 5 years12.99%
Per share
EPS (TTM)Rs -0.05
EPS (latest year)Rs -0.05
EPS, 3-year averageRs 0.20
EPS, 5-year averageRs -1.02
Book value per shareRs 18.12
Sales per shareRs 8.88
Cash flow per shareRs 0.83
Free cash flow per shareRs 0.56
Efficiency
Asset turnover0.31x
Fixed asset turnover2.38x
Inventory turnover1.10x
Inventory days330 days
Debtor days248 days
Debtors turnover1.47x
Creditor days199 days
Cash conversion cycle384 days
Working capital days348 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 1 Cr
Net debtRs 3 Cr
Debt to equity0.17x
Net debt / EBITDA4.46x
Interest coverage1.02x
Owners' fund to total sources63.98%
Debt to assets11.01%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs -0 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 -0 Cr
Sales to cash flow10.66x
Statement figures
Net sales (TTM)Rs 12 Cr
Net sales (latest year)Rs 12 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 10 Cr
Total expenditure (latest year)Rs 11 Cr
Total income (latest year)Rs 12 Cr
Share capitalRs 13 Cr
ReservesRs 11 Cr
Shareholders' fundsRs 24 Cr
Total assetsRs 37 Cr
Net blockRs 5 Cr
ReceivablesRs 8 Cr
InventoryRs 9 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)1.32
Ownership
Promoter holding44.46% (-8.63 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.58 is at the 45th percentile (median 0.70).
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 | 540072 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +8.4% | -2.8% | +11.1 pts |
| 1 month | -10.5% | -6.8% | -3.7 pts |
| 3 years | +60.3% | +14.2% | +46.1 pts |
| 5 years | +500.0% | +27.9% | +472.1 pts |
Red flags
F-score 5 of 8| look | Profit leans on other income Other income was 500% 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
Mar 2026Sales ₹10 Cr +112.4% vs Mar 2024.
Net loss ₹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 Shiva Granito Export Ltd?
Shiva Granito Export Ltd (540072) has a market capitalisation of Rs 14.8 Cr. at the 2026-10-01 close.
What were Shiva Granito Export Ltd's latest quarterly results?
In the Mar 2026 quarter, Shiva Granito Export Ltd sales was Rs 10 Cr (+112.4% vs Mar 2024) with a net loss of Rs 0 Cr.