Shivalik Rasayan Ltd
Shivalik Rasayan Ltd (SHIVALIK) last reported results for the quarter ended Jun 2026, with sales of ₹96.34 crore and net profit of ₹4.5 crore. The stock last traded at ₹381, a market capitalisation of ₹610 crore, on a P/E of 44.6. Over the past 52 weeks the stock has ranged between ₹206 and ₹474. Figures are as of 6 Oct 2026 and are not real time.
Shivalik Rasayan Ltd share price and key metrics
- Current price
- ₹381
- Market cap
- ₹610 cr
- Stock P/E
- 44.6
- Book value
- ₹380
- ROE
- 2.18%
- ROCE
- 4.76%
- Dividend yield
- 0.14%
- 52w high / low
- 474/206
Metrics as of 6 Oct 2026. Not real time.
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Shivalik Rasayan Ltd growth and returns
- 10 Years
- 13%
- 5 Years
- 13%
- 3 Years
- 16%
- TTM
- 15%
- 10 Years
- 15%
- 5 Years
- -7%
- 3 Years
- -16%
- TTM
- -9%
- 10 Years
- 18%
- 5 Years
- -18%
- 3 Years
- -19%
- 1 Year
- -13%
- 10 Years
- 6%
- 5 Years
- 4%
- 3 Years
- 3%
- Last Year
- 2%
Shivalik Rasayan Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹96.34 cr, up 7.9% from ₹89.31 cr a year earlier. Net profit was ₹4.5 cr, up 59.6% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 82.44 | 85.31 | 69.39 | 89.31 | 93.84 | 82.04 | 103 | 96.34 |
| Expenses | 70.68 | 71.99 | 63.63 | 78.33 | 81.8 | 71.72 | 90.39 | 85.16 |
| Operating profit | 11.76 | 13.32 | 5.76 | 10.98 | 12.04 | 10.32 | 12.43 | 11.18 |
| OPM % | 14.26% | 15.61% | 8.30% | 12.29% | 12.83% | 12.58% | 12.09% | 11.60% |
| Other income | 0.35 | 1.6 | 5.71 | 0.6 | 0.39 | 1.18 | 1.92 | 0.97 |
| Interest | 2.45 | 2.26 | 2.71 | 2.62 | 2.22 | 2.31 | 2.46 | 2.08 |
| Depreciation | 4.66 | 4.84 | 2.78 | 4.82 | 4.73 | 5.06 | 4.16 | 4.41 |
| Profit before tax | 5 | 7.82 | 5.98 | 4.14 | 5.48 | 4.13 | 7.73 | 5.66 |
| Tax % | 11.60% | 11.38% | 13.21% | 31.88% | 21.35% | 11.14% | 7.12% | 20.49% |
| Net profit | 4.43 | 6.94 | 5.19 | 2.82 | 4.31 | 3.67 | 7.18 | 4.5 |
| EPS (₹) | 2.58 | 3.39 | 2.62 | 1.02 | 1.94 | 1.71 | 2.88 | 2.16 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Shivalik Rasayan Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 123 | 155 | 171 | 186 | 198 | 215 | 234 | 273 | 312 | 368 | 375 |
| Operating profit | 18 | 24 | 24 | 29 | 38 | 47 | 43 | 41 | 41 | 47 | 46 |
| OPM % | 15% | 16% | 14% | 16% | 19% | 22% | 19% | 15% | 13% | 13% | 12% |
| Net profit | 8 | 15 | 21 | 22 | 25 | 34 | 30 | 18 | 22 | 18 | 20 |
| EPS (₹) | 9.84 | 14.39 | 9.88 | 10.17 | 12.77 | 17.68 | 14.32 | 8.17 | 10.60 | 7.87 | 8.69 |
TTM is the trailing twelve months to the most recent quarter.
Shivalik Rasayan Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 4 | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 |
| Reserves | 7 | 45 | 158 | 169 | 172 | 280 | 412 | 500 | 528 | 591 |
| Borrowings | 32 | 22 | 20 | 10 | 29 | 38 | 58 | 76 | 105 | 123 |
| Other liabilities | 52 | 81 | 103 | 142 | 155 | 163 | 101 | 109 | 93 | 97 |
| Total liabilities | 94 | 152 | 288 | 328 | 363 | 488 | 578 | 692 | 734 | 819 |
| Fixed assets | 27 | 40 | 41 | 52 | 210 | 221 | 218 | 214 | 337 | 335 |
| CWIP | 0 | 0 | 26 | 102 | 0 | 3 | 57 | 117 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 66 | 111 | 222 | 175 | 153 | 264 | 303 | 362 | 398 | 484 |
| Total assets | 94 | 152 | 288 | 328 | 363 | 488 | 578 | 692 | 734 | 819 |
As reported by the company. Total assets equal total liabilities by construction.
Shivalik Rasayan Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 8 | -7 | -8 | 6 | 59 | 11 | -19 | -8 | -9 | -34 |
| Cash from investing | -4 | -24 | -24 | -102 | -65 | -23 | -71 | -74 | -21 | -21 |
| Cash from financing | -3 | 52 | 100 | 10 | 2 | 78 | 50 | 89 | 21 | 62 |
| Net cash flow | 2 | 21 | 69 | -86 | -4 | 66 | -40 | 7 | -10 | 6 |
| Free cash flow | 5 | -22 | -37 | -85 | -6 | -14 | -82 | -76 | -32 | -51 |
| CFO / operating profit | 52% | -21% | -12% | 41% | 171% | 37% | -31% | -9% | -16% | -66% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Shivalik Rasayan Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 32% | 28% | 16% | 11% | 11% | 12% | 8% | 6% | 5% | 5% |
| Debtor days | 92 | 108 | 111 | 114 | 127 | 119 | 132 | 116 | 113 | 114 |
| Inventory days | 76 | 65 | 71 | 65 | 34 | 148 | 239 | 266 | 268 | 285 |
| Days payable | 137 | 103 | 123 | 171 | 152 | 216 | 208 | 136 | 151 | 155 |
| Cash conversion cycle | 31 | 71 | 59 | 7 | 9 | 51 | 162 | 245 | 229 | 244 |
| Working capital days | 11 | 73 | 118 | 145 | 65 | 95 | 136 | 131 | 127 | 156 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Shivalik Rasayan Ltd shareholding pattern
Promoters held 46.54% at Sep 2026, down from 47.37% at Sep 2025. FIIs 0.92% and DIIs 0.01%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 47.95% | 47.37% | 47.37% | 47.37% | 47.37% | 47.37% | 47.37% | 46.54% |
| FIIs | 4.33% | 4.28% | 4.36% | 4.38% | 3.90% | 4.20% | 1.20% | 0.92% |
| DIIs | 0.88% | 0.64% | 0.56% | 0.48% | 0.12% | 0.00% | 0.02% | 0.01% |
| Public | 46.81% | 47.72% | 47.71% | 47.76% | 48.62% | 48.43% | 51.43% | 52.52% |
| No. of shareholders | 11,633 | 12,841 | 13,399 | 14,199 | 14,013 | 13,413 | 14,104 | 14,936 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Shivalik Rasayan Ltd corporate filings
- Voting Results along with Scrutinizer''s Report for the 48th Annual General Meeting held on 28.09.2026AGM/EGMmedium impact
- Ginnerup Capital ApS Increases Stake in Shivalik Rasayan Limited via Preferential Allotment of 3.99 Lakh Convertible WarrantsCompany Updatemedium impact
Cruxal's analysis: Shivalik Rasayan Limited has disclosed that Ginnerup Capital ApS has acquired 3.99 lakh…
Read the full analysis - Shivalik Rasayan Limited Concludes 48th Annual General Meeting; Declares 10% Final Dividend for FY 2025-26AGM/EGMlow impact
Cruxal's analysis: Shivalik Rasayan Limited has successfully concluded its 48th Annual General Meeting held…
Read the full analysis - Intimation for closure of trading windowInsider Trading / SASTlow impact
- Shivalik Rasayan Limited Announces Preferential Allotment of Equity Shares and Convertible Warrants Raising 30.75 Crore INROthershigh impact
Cruxal's analysis: Shivalik Rasayan Limited has approved the preferential allotment of 2.82 lakh equity…
Read the full analysis - Shivalik Rasayan Ltd schedules Annual General Meeting for September 28, 2026Company Updatelow impact
Cruxal's analysis: Shivalik Rasayan Ltd has issued a newspaper publication notice confirming that its Annual…
Read the full analysis - Shivalik Rasayan Ltd files Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Shivalik Rasayan Ltd has submitted its Annual Report for the financial year 2025-26 as…
Read the full analysis - Shivalik Rasayan Limited Announces 48th AGM and 10% Final Dividend for FY 2025-26AGM/EGMmedium impact
Cruxal's analysis: Shivalik Rasayan Limited has scheduled its 48th Annual General Meeting for September 28…
Read the full analysis - Shivalik Rasayan Limited clarifies EGM proceedings delay; confirms preferential issuance of equity and warrantsAGM/EGMmedium impact
Cruxal's analysis: Shivalik Rasayan Limited has clarified that the delay in submitting its Extra-Ordinary…
Read the full analysis - Shivalik Rasayan Ltd files intimation regarding Trading Plan under SEBI PIT RegulationsCompany Updatelow impact
Cruxal's analysis: Shivalik Rasayan Ltd has submitted a routine regulatory filing under Regulation 7(3) of…
Read the full analysis - Shivalik Rasayan Limited shareholders approve preferential issuance of 3.72 lakh equity shares and 9.48 lakh convertible warrantsAGM/EGMmedium impact
Cruxal's analysis: Shivalik Rasayan Limited has received shareholder approval via an Extra-Ordinary General…
Read the full analysis - Shivalik Rasayan Limited shareholders approve preferential issuance of 3.72 lakh equity shares and 9.48 lakh fully convertible warrantsAGM/EGMmedium impact
Cruxal's analysis: Shivalik Rasayan Limited has received shareholder approval at its Extra-Ordinary General…
Read the full analysis - Shivalik Rasayan Limited Seeks Shareholder Approval for Preferential Issue of Equity Shares and Convertible WarrantsAGM/EGMmedium impact
Cruxal's analysis: Shivalik Rasayan Limited has conducted an Extra-Ordinary General Meeting (EGM) to seek…
Read the full analysis - Shivalik Rasayan Limited Reports Unaudited Financial Results for Quarter Ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Shivalik Rasayan Limited has released its unaudited financial results for the quarter…
Read the full analysis - Shivalik Rasayan Limited schedules 48th Annual General Meeting for September 28, 2026, and sets Record Date for dividendCorp. Actionlow impact
Cruxal's analysis: Shivalik Rasayan Limited has formally announced that its 48th Annual General Meeting will…
Read the full analysis - Shivalik Rasayan Ltd submits Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Shivalik Rasayan Ltd has filed its Business Responsibility and Sustainability Report…
Read the full analysis - Shivalik Rasayan Limited Reports Q1 FY2027 Financial Results and Declares Final Dividend of 10%Resultmedium impact
Cruxal's analysis: Shivalik Rasayan Limited reported Q1 FY2027 standalone net profit of 2.66 crore (265.52…
Read the full analysis - Shivalik Rasayan Limited schedules Board Meeting for August 14, 2026, to approve Q1 FY27 financial results and Annual ReportBoard Meetinglow impact
Cruxal's analysis: Shivalik Rasayan Limited has issued a formal intimation regarding a Board of Directors…
Read the full analysis - Shivalik Rasayan Ltd files intimation regarding Trading Plan under SEBI PIT RegulationsCompany Updatelow impact
Cruxal's analysis: Shivalik Rasayan Ltd has submitted a regulatory filing under Regulation 7(3) of the SEBI…
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