Shivalik Rasayan Limited

Chemicals · Fertilizers & Agrochemicals

NSE: SHIVALIK BSE: 539148

₹403.45

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Fertilizers & Agrochemicals

The largest companies in the same industry by market cap. This company ranks #26 of 44. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Coromandel International Limited	51,870	27.6	18.3%	-21.9%	—	73	29	9
UPL Limited	45,564	60.0	5.4%	-18.4%	1.11%	56	49	12
PI Industries Limited	35,047	27.3	11.8%	-35.5%	—	70	58	47
Sumitomo Chemical India Limited	21,625	37.3	16.0%	-20.4%	0.30%	79	0	26
Chambal Fertilizers & Chemicals Limited	16,397	8.1	—	-19.8%	2.69%	85	100	45
Bayer Cropscience Limited	16,303	22.3	23.2%	-26.2%	4.14%	92	54	6
Paradeep Phosphates Limited	16,017	14.9	13.8%	-21.4%	0.97%	46	58	50
Sharda Cropchem Limited	6,527	9.3	21.7%	-11.3%	2.07%	88	93	11
Shivalik Rasayan Limited (this stock)	635	66.1	3.0%	-8.1%	0.12%	51	49	54

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹698 Cr

EV / EBITDA

25.3x

EV / Sales

4.05x

Market cap / Sales

3.69x

Earnings yield

1.51%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 49 Cr, up 4.6% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	48	3	3	₹1.6900
March 31, 2026	42	3	3	₹1.7300
Dec. 31, 2025	35	2	2	₹1.2900
Sept. 30, 2025	47	3	2	₹1.3900
June 30, 2025	46	2	1	₹0.7800
March 31, 2025	40	3	3	₹2.1100
Dec. 31, 2024	40	4	4	₹2.5800
Sept. 30, 2024	38	3	3	₹2.2200
June 30, 2024	32	3	3	₹1.9700
March 31, 2024	24	2	3	₹1.6800
Dec. 31, 2023	24	3	2	₹1.5500
Sept. 30, 2023	24	2	1	₹0.7900
June 30, 2023	23	3	3	₹1.7500

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	49	42	36	47	46	40	42	38	32	25	24	24	23
Operating revenue	48	42	35	47	46	40	40	38	32	24	24	24	23
Other income	0	0	1	0	0	0	1	0	0	1	1	0	0
Operating expenses	42	35	29	40	40	32	34	31	26	20	20	18	18
Operating profit	7	7	6	7	6	7	7	6	6	4	4	5	4
Operating profit margin	14.2%	16.6%	16.9%	14.7%	13.8%	18.5%	16.4%	17.1%	18.8%	14.8%	16.7%	21.3%	19.6%
Depreciation	3	2	3	3	3	2	3	2	2	1	1	2	1
Interest	1	2	1	1	1	2	1	1	1	1	1	1	1
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	3	3	2	3	2	3	4	3	3	2	3	2	3
Tax	0	-0	-0	1	1	0	-0	-0	-0	-0	0	1	0
Net profit	3	—	—	2	—	3	4	3	3	3	2	1	3
EPS	1.69	1.73	1.29	1.39	0.78	2.11	2.58	2.22	1.97	1.68	1.55	0.79	1.75
Net profit (TTM)	—	—	—	—	—	14	13	11	9	9	9	10	13
EPS (TTM)	6.10	5.19	5.57	6.86	7.69	8.88	8.45	7.42	5.99	5.77	6.37	6.81	8.81

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	170	9	8
March 31, 2025	149	14	14
March 31, 2024	94	10	9
March 31, 2023	94	15	15

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	21.4%	—	171^†	151^†	95^†	96^†	101^†	—	—	52^†	44^†	41^†
Operating revenue	22.1%	14.9%	170	149	94	94	99^†	85^†	61^†	48^†	44^†	41^†
Other income	—	—	1^†	2^†	2^†	2^†	2^†	—	—	4^†	1^†	1^†
Operating expenses	—	—	144^†	123^†	77^†	75^†	—	—	—	—	—	—
Operating profit	11.1%	—	26^†	26^†	17^†	19^†	—	—	—	—	—	—
Operating profit margin	—	—	15.4%^†	17.7%^†	18.1%^†	20.4%^†	—	—	—	—	—	—
Depreciation	—	—	12^†	9^†	5^†	5^†	—	—	—	—	—	—
Interest	—	—	6^†	6^†	3^†	1^†	1^†	1^†	1^†	1^†	1^†	2^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	-13.4%	-5.4%	9	14	10	15	19^†	13^†	9^†	9^†	6^†	5^†
Tax	—	—	1^†	-0^†	1^†	-0^†	-0^†	-0^†	-0^†	-0^†	1^†	2^†
Net profit	-18.5%	-8.5%	8	14	9	15	19^†	13^†	9^†	9^†	5^†	3^†
EPS	-20.7%	-10.9%	5.19^†	8.88^†	5.77^†	10.42^†	13.70^†	9.26^†	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	15.4%^†	17.7%^†	18.1%^†	20.4%^†	—	—	—	—	—	—
EBIT margin	9.2%^†	13.2%^†	14.2%^†	17.1%^†	20.1%^†	15.4%^†	15.8%^†	20.4%^†	17.6%^†	16.9%^†
PBT margin	5.6%	9.1%	10.8%	15.6%	19.0%^†	14.8%^†	14.3%^†	18.1%^†	14.6%^†	12.1%^†
Net margin	4.8%	9.3%	9.2%	16.1%	19.5%^†	15.0%^†	14.4%^†	18.6%^†	11.9%^†	8.1%^†
Interest coverage	2.56x^†	3.19x^†	4.12x^†	11.29x^†	18.23x^†	25.54x^†	10.51x^†	8.76x^†	5.90x^†	3.51x^†
Dividend payout	9.6%^†	5.6%^†	8.7%^†	4.8%^†	0.0%^†	0.0%^†	—	—	—	—
Earnings retention	90.4%^†	94.4%^†	91.3%^†	95.2%^†	100.0%^†	100.0%^†	—	—	—	—
Current ratio	1.55x	1.53x	—	—	—	—	—	—	—	—
Quick ratio	0.80x	0.97x	—	—	—	—	—	—	—	—
Debt to equity	0.16x	0.15x	—	—	—	—	—	—	—	—
Return on equity	2.0%	3.5%	—	—	—	—	—	—	—	—
Return on assets	1.5%	2.7%	—	—	—	—	—	—	—	—
Return on capital employed	3.7%^†	4.8%^†	—	—	—	—	—	—	—	—
Asset turnover	0.32x	0.29x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	-1	-18	-2	19	-20
March 31, 2025	-1	-20	22	21	-22
March 31, 2024	0	-80	93	73	-72
March 31, 2023	-13	-65	21	57	-69
March 31, 2022	10	-23	79	25	-15

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	528	405	397	46	20	158	102	3	250	77
March 31, 2025	512	398	390	48	13	153	100	24	250	56
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.