SHIVALIK RASAYAN LIMITED (SHIVALIK) financials

SHIVALIK RASAYAN LIMITED (SHIVALIK) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1979, Shivalik Rasayan Ltd is a manufacturer of Agrochemicals & Active Pharma Ingredients[1]

Market Cap: ₹569Cr.
Current Price: ₹356
Stock P/E: 59.2
ROE: 2.04%
ROCE: 3.33%
Book Value: ₹257
Dividend Yield: 0.14%
52W High / Low: ₹474/206

In Jun 2026, SHIVALIK RASAYAN LIMITED (SHIVALIK) reported sales ₹48.44 Cr and net profit ₹2.66 Cr.

Annual TTM: sales ₹172 Cr, net profit ₹10 Cr.

Shareholding: Promoters 46.54% (Sep 2026), FIIs 0.92% (Sep 2026), DIIs 0.01% (Sep 2026), Public 52.52% (Sep 2026), No. of Shareholders 14,936% (Sep 2026).

SHIVALIK quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	37.70	40.16	39.78	46.26	46.67	35.13	42.17	48.44
Expenses	31.25	33.55	32.41	39.90	39.79	29.18	35.19	41.58
Operating Profit	6.45	6.61	7.37	6.36	6.88	5.95	6.98	6.86
OPM %	17.11%	16.46%	18.53%	13.75%	14.74%	16.94%	16.55%	14.16%
Other Income	0.06	1.46	0.48	0.13	0.02	0.64	0.18	0.10
Interest	1.41	1.50	2.06	1.46	1.23	1.34	2.07	1.25
Depreciation	2.05	2.63	2.30	3.01	2.87	3.24	2.43	2.63
Profit before tax	3.05	3.94	3.49	2.02	2.80	2.01	2.66	3.08
Tax %	-13.11%	-1.78%	4.58%	39.11%	21.43%	-1.00%	-2.26%	13.96%
Net Profit	3.46	4.02	3.33	1.22	2.19	2.03	2.73	2.66
EPS in Rs	2.22	2.58	2.11	0.77	1.39	1.29	1.73	1.69
Raw PDF	—	—	—	—	—	—	—	—

SHIVALIK profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	61	85	99	94	94	149	170	172
Expenses	51	66	76	74	77	123	144	146
Operating Profit	9	19	23	19	17	26	26	27
OPM %	16%	22%	23%	20%	18%	18%	15%	15%
Other Income	1	0	2	2	2	2	1	1
Interest	1	1	1	1	3	6	6	6
Depreciation	1	6	5	5	5	9	12	11
Profit before tax	9	13	19	15	10	14	9	11
Tax %	-0%	-1%	-3%	-3%	15%	-3%	14%	—
Net Profit	9	13	19	15	9	14	8	10
EPS in Rs	6.35	9.20	13.36	10.42	5.55	8.81	5.19	6.10
Dividend Payout %	4%	5%	4%	5%	9%	6%	10%	—

SHIVALIK balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	7	7	7	7	7	8	8	8
Reserves	153	161	173	266	284	366	390	397
Borrowings	9	0	11	15	40	55	71	74
Other Liabilities	10	18	31	29	34	42	43	50
Total Liabilities	178	186	223	318	365	471	512	528
Fixed Assets	16	18	120	128	126	122	250	250
CWIP	11	61	0	3	57	117	0	0
Investments	27	39	53	55	65	73	74	81
Other Assets	124	68	49	131	117	159	188	197
Total Assets	178	186	223	318	365	471	512	528

SHIVALIK cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-12	-7	46	7	-13	-1	-1	-1
Cash from Investing Activity	-9	-65	-61	-16	-65	-69	-20	-18
Cash from Financing Activity	104	-9	10	76	21	83	22	-2
Net Cash Flow	83	-81	-5	66	-57	13	1	-21
Free Cash Flow	-25	-60	-1	-9	-69	-63	-22	-13
CFO/OP	-178%	-56%	258%	43%	-53%	-1%	1%	-2%

SHIVALIK shareholding pattern (%)
Category	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

SHIVALIK key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	66	49	70	25	76	123	67	71
Inventory Days	82	33	45	97	256	328	268	324
Days Payable	92	166	119	108	154	102	114	168
Cash Conversion Cycle	56	-83	-4	14	178	348	220	227
Working Capital Days	154	202	4	58	129	163	70	114
ROCE %	9%	6%	7%	8%	5%	4%	4%	3%

SHIVALIKUpdated 13 Oct 2026, 19:32

Shivalik Rasayan Limited

SHIVALIKUpdated 13 Oct 2026, 19:32

Market Cap

₹569Cr.

Current Price

₹356

High / Low

₹474/206

Stock P/E

59.2

ROE2.04%

ROCE3.33%

Book Value₹257

Face Value₹5.00

Dividend Yield0.14%

About

Incorporated in 1979, Shivalik Rasayan Ltd is a manufacturer of Agrochemicals & Active Pharma Ingredients[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	22.52	0.52	18.1	0.04	1.12	2.82	10.28	2.53	1.7
Sep 2023	23.51	1.06	18.49	0.01	1.62	2.35	50.21	1.17	0.75
Dec 2023	23.73	0.93	19.76	0.67	1.21	2.5	7.6	2.31	1.48
Mar 2024	23.92	0.72	20.39	0.93	1.34	2.4	-6.67	2.56	1.65
Jun 2024	31.58	1.21	25.65	0.05	1.72	3.05	-0.66	3.07	1.97
Sep 2024	37.7	1.41	31.25	0.06	2.05	3.05	-13.11	3.46	2.22
Dec 2024	40.16	1.5	33.55	1.46	2.63	3.94	-1.78	4.02	2.58
Mar 2025	39.78	2.06	32.41	0.48	2.3	3.49	4.58	3.33	2.11
Jun 2025	46.26	1.46	39.9	0.13	3.01	2.02	39.11	1.22	0.77
Sep 2025	46.67	1.23	39.79	0.02	2.87	2.8	21.43	2.19	1.39
Dec 2025	35.13	1.34	29.18	0.64	3.24	2.01	-1	2.03	1.29
Mar 2026	42.17	2.07	35.19	0.18	2.43	2.66	-2.26	2.73	1.73
Jun 2026	48.44	1.25	41.58	0.1	2.63	3.08	13.96	2.66	1.69

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	41	0	38	0	0	3	33	2	2.1
Mar 2016	43	1	38	1	0	4	33	3	3.1
Mar 2017	41	2	34	1	0	5	33	3	3.84
Mar 2018	44	1	36	1	0	6	19	5	4.84
Mar 2019	48	1	42	4	1	9	-3	9	6.47
Mar 2020	61	1	51	1	1	9	0	9	6.35
Mar 2021	85	1	66	0	6	13	-1	13	9.2
Mar 2022	99	1	76	2	5	19	-3	19	13.36
Mar 2023	94	1	74	2	5	15	-3	15	10.42
Mar 2024	94	3	77	2	5	10	15	9	5.55
Mar 2025	149	6	123	2	9	14	-3	14	8.81
Mar 2026	170	6	144	1	12	9	14	8	5.19
TTM	172	6	146	1	11	11	—	10	6.1

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	46.54%
FIIs	0.92%
DIIs	0.01%
Public	52.52%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	47.95%	1.18%	0.59%	50.28%
Mar 2024	47.95%	2.99%	0.88%	48.17%
Jun 2024	47.95%	2.15%	0.88%	49%
Sep 2024	47.95%	3.28%	0.88%	47.87%
Dec 2024	47.95%	4.33%	0.88%	46.81%
Mar 2025	47.37%	4.28%	0.64%	47.72%
Jun 2025	47.37%	4.36%	0.56%	47.71%
Sep 2025	47.37%	4.38%	0.48%	47.76%
Dec 2025	47.37%	3.9%	0.12%	48.62%
Mar 2026	47.37%	4.2%	0%	48.43%
Jun 2026	47.37%	1.2%	0.02%	51.43%
Sep 2026	46.54%	0.92%	0.01%	52.52%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	3	8	0	11	23	7	0	0	16	23
Mar 2016	3	10	11	12	37	8	0	16	13	37
Mar 2017	3	14	14	7	38	8	0	18	12	38
Mar 2018	4	42	8	7	61	15	0	27	19	61
Mar 2019	7	153	9	10	178	16	11	27	124	178
Mar 2020	7	161	0	18	186	18	61	39	68	186
Mar 2021	7	173	11	31	223	120	0	53	49	223
Mar 2022	7	266	15	29	318	128	3	55	131	318
Mar 2023	7	284	40	34	365	126	57	65	117	365
Mar 2024	8	366	55	42	471	122	117	73	159	471
Mar 2025	8	390	71	43	512	250	0	74	188	512
Mar 2026	8	397	74	50	528	250	0	81	197	528

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	4	0	1	4
Mar 2016	6	-17	7	-4
Mar 2017	4	-2	-2	1
Mar 2018	-2	-16	19	2
Mar 2019	-12	-9	104	83
Mar 2020	-7	-65	-9	-81
Mar 2021	46	-61	10	-5
Mar 2022	7	-16	76	66
Mar 2023	-13	-65	21	-57
Mar 2024	-1	-69	83	13
Mar 2025	-1	-20	22	1
Mar 2026	-1	-18	-2	-21

Key ratios

Historical financial ratios

Category	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	80	61	47	64	66	49	70	25	76	123	67	71
Inventory Days	5	14	22	36	82	33	45	97	256	328	268	324
Days Payable	126	139	76	66	92	166	119	108	154	102	114	168
Cash Conversion Cycle	-41	-64	-8	34	56	-83	-4	14	178	348	220	227
Working Capital Days	-11	-47	-37	38	154	202	4	58	129	163	70	114
ROCE %	29%	28%	25%	18%	9%	6%	7%	8%	5%	4%	4%	3%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SHIVALIK RASAYAN LIMITED (SHIVALIK)?

The reported market capitalisation for SHIVALIK RASAYAN LIMITED (SHIVALIK) is ₹569Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SHIVALIK?

The current price shown for SHIVALIK RASAYAN LIMITED (SHIVALIK) on Fincrux is ₹356 with a 52-week high/low of ₹474/206.

What is the P/E ratio of SHIVALIK RASAYAN LIMITED (SHIVALIK)?

The stock P/E for SHIVALIK RASAYAN LIMITED (SHIVALIK) is 59.2 on Fincrux, with ROE at 2.04% and ROCE at 3.33%.

What were SHIVALIK latest quarterly results?

For Jun 2026, SHIVALIK RASAYAN LIMITED (SHIVALIK) reported sales ₹48.44 Cr and net profit ₹2.66 Cr (figures in ₹ crore unless noted).

What are SHIVALIK annual sales and net profit?

For TTM, SHIVALIK RASAYAN LIMITED (SHIVALIK) shows sales of ₹172 Cr and net profit of ₹10 Cr on the Fincrux profit & loss statement.

Who owns SHIVALIK RASAYAN LIMITED (SHIVALIK)?

Latest shareholding for SHIVALIK RASAYAN LIMITED (SHIVALIK) on Fincrux: Promoters 46.54% (Sep 2026), FIIs 0.92% (Sep 2026), DIIs 0.01% (Sep 2026), Public 52.52% (Sep 2026), No. of Shareholders 14,936% (Sep 2026).

Where can I find SHIVALIK RASAYAN LIMITED (SHIVALIK) financials?

SHIVALIK RASAYAN LIMITED (SHIVALIK) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SHIVALIK balance sheet and cash flow?

Yes. The SHIVALIK RASAYAN LIMITED (SHIVALIK) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 19:32