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SHIVAGRICO IMPLEMENTS LTD.

Capital Goods › Industrial Manufacturing
₹19.37
at close · 28 Oct 2026
▲ 0.87 (+4.70%)

Latest filings

Next results: Wed, 4 Nov · Financial Results
  1. Board meeting on Nov 4 to consider Q2 and H1 FY26 results · Results
  2. Routine compliance certificate for half-year at September 2026 · Compliance
  3. Trading window closed from Oct 1, 2026 till Q2 FY27 results announcement · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures rolled sections, forgings, hand tools and agricultural implements from its Indian operations. Raw materials account for 79.8% of revenue, employees 12.4%, and depreciation 3.3%, with EBITDA margin at 6.98%. Net profit for FY26 was Rs 0.386 crore on total assets of Rs 28.23 crore. The company is leveraged, with borrowings of Rs 1,569.15 lakhs against a net worth of Rs 785.69 lakhs at FY26 end. Operating cash flow for H1 FY26 was Rs 94.36 lakhs. The board is seeking re-appointment of Vimalchand Jain as Managing Director without pay for three years, and added two new independent directors in February 2026.

Operating scale
FY26 revenue
Rs 47.18 croreFY26
FY26 total assets
Rs 28.23 croreFY26
FY26 total borrowings
Rs 1,569.15 lakhsFY26
FY26 net worth
Rs 785.69 lakhsFY26
H1 FY26 operating cash flow
Rs 94.36 lakhsH1 FY26
FY26 raw materials share of revenue
79.8%FY26
Who pays it
Industrial and agricultural buyers purchasing rolled sections, forgings, hand tools and farm implements
Biggest cost
Raw materials, which account for 79.8% of revenue
Kind of business
Small-scale, asset-light industrial manufacturer with a leveraged balance sheet
Where it sits
BSE-listed small-cap manufacturer in the industrial products space
Market Cap
₹10 Cr
P / E (TTM)
21.8×
EV / EBITDA
8.1×
Div Yield
—
Growth
4.5%▲
Revenue 5y CAGR
PAT +31.3% · EBITDA +7.5%
Quality
14.8%▲
ROCE (5y median)
ROE 4.7% (5y median) · margin 7.0%
Leverage
2.12·
Debt / Equity · high
Net debt ₹18 Cr
Revenue FY21→FY26
1.2×▲
Margin +0.6 pts
₹38 Cr → ₹47 Cr
Cash conversion
8.00×▲
Operating cash ÷ profit · 5 yrs
₹14 Cr on ₹2 Cr
Moves on a normal day
3.18%·
Median daily move
Last 248 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#55/130
P/B#22/112
ROCE#102/142
ROE#81/113
Debt / Equity#109/113
EBITDA margin#86/110
Revenue growth#82/114
Profit growth#2/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Profit compounding 31% a year over 5 years
Over 5 years it reported ₹1.70 Cr of profit and ₹14 Cr of operating cash — 8.00×
Profit is converting into cash
Concerns
Slow revenue growth — 5% a year over 5 years
Carries more debt than its peers — 2.12× equity
higher than 96% of its 113 Industrial Products peers
Heavy working capital — 123 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SHIVAGRICO IMPLEMENTS LTD.'s filed financials and exchange disclosures

What does SHIVAGRICO IMPLEMENTS LTD. do?

SHIVAGRICO IMPLEMENTS LTD. is a Industrial Manufacturing company listed on BSE.

Is SHIVAGRICO IMPLEMENTS LTD. profitable?

Yes. Over the trailing twelve months SHIVAGRICO IMPLEMENTS LTD. reported a net profit of ₹0.45 Cr on revenue of ₹47 Cr.

Does SHIVAGRICO IMPLEMENTS LTD. pay a dividend?

Not in the latest reported year — SHIVAGRICO IMPLEMENTS LTD.'s dividend payout for FY26 was nil.

Is SHIVAGRICO IMPLEMENTS LTD. debt-free?

No. It reported borrowings of ₹18 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹18 Cr after cash. Debt stands at 2.12× equity. That is higher than 96% of its 113 Industrial Products peers.

Is SHIVAGRICO IMPLEMENTS LTD. expensive compared with its peers?

On trailing P/E, SHIVAGRICO IMPLEMENTS LTD. ranks 55 of 130 in Industrial Products — cheaper than 58% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.

How much does the SHIVAGRICO IMPLEMENTS LTD. share price move in a day?

On a typical session SHIVAGRICO IMPLEMENTS LTD. moves 3.18% — that is the median absolute close-to-close move across its last 248 trading days. MarketPing measures each filing's price reaction against it.

When are SHIVAGRICO IMPLEMENTS LTD.'s next results?

Financial Results on Wed, 4 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track SHIVAGRICO IMPLEMENTS LTD.'s announcements?

Every NSE and BSE filing by SHIVAGRICO IMPLEMENTS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.