Manufactures Hydrated Lime (Calcium Hydroxide) and distributes animal feed ingredients to Indian feed manufacturers. A newly leased Quick Lime manufacturing unit at Khimsar, Rajasthan is running at full capacity and supplies over 50% of the raw material needs of the company's wholly-owned subsidiary at Dahej, Gujarat, which has a 60,000 MT capacity for feed products. The feed ingredients portfolio covers Amino Acids and Feed Phosphates (sourced through supply partnerships in China and Morocco) and a customised Vitamin Premix product called 'Shivamin' sourced from Sri Lanka, with full launch in March 2026 after a June 2025 trial. The Khimsar unit and Dahej subsidiary together form a backward-integration push into the animal nutrition and feed ingredients space. FY26 consolidated revenue stood at Rs. 284.23 crore and standalone revenue at Rs. 269.56 crore. The company is listed on the BSE SME platform (Scrip Code 544165) since April 2024 following an Rs. 2,018 lakh IPO, and operates with a wholly-owned subsidiary called Shivam Chemicals and Minerals Pvt Ltd. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hydrated Lime manufacturing, Animal feed ingredients distribution. Small-cap animal nutrition and lime manufacturer-distributor on BSE SME platform
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 147 | 224 | 284 |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | — | — | — |
| EPS, as reported (₹) | 0.97 | 1.26 | 3.64 |
| ROE % · ROCE % | — · 13.8 | — · 11.9 | — · 21.7 |
| Debt / equity (x) | — | — | — |
| Cash from operations | 5 | (15) | (6) |
| Capex | — | (1) | (1) |
| ₹ crore | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 82 | 94 | 130 | 132 | 153 |
| Profit before tax | 1 | 1 | 2 | 3 | 5 |
| Net profit | — | — | — | — | — |
| EPS (₹) | 0.58 | 0.34 | 0.91 | 1.16 | 2.49 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GODREJ AGROVET LIMITED | 12,984 | 29.1 | 6.00 | 15.1 | 20.6 | 17.6 | 10.3 | 8.9 |
| AVANTI FEEDS LIMITED | 10,900 | 20.5 | 2.94 | 11.5 | 17.7 | 23.5 | 8.1 | 9.0 |
| MUKKA PROTEINS LIMITED | 984 | 14.2 | 1.86 | 12.1 | 10.8 | 12.8 | — | 10.1 |
| KSE LTD. | 569 | 0.8 | 1.63 | — | 24.0 | 30.5 | — | (0.5) |
| SHIVAM CHEMICALS LIMITED ◆ | 203 | 24.4 | — | — | — | 17.8 | — | — |
| AJOONI BIOTECH LIMITED | 60 | 14.5 | 0.66 | — | 4.7 | 6.2 | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Shivam Chemicals restarts US biofuel feedstock exports, secures repeat orders | business updates | medium | — | — |
| 31 Aug 2026 · Book Closure Sept 14 to 21, 2026 for 16th AGM | board shareholder meetings | low | — | — |
| 30 Aug 2026 · 16th AGM notice filed; meeting on 21 Sept 2026 | board shareholder meetings | low | — | — |
| 30 Aug 2026 · Annual Report FY 2025-26 and 16th AGM Notice submitted to BSE | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Board meeting outcome: AGM set for Sept 21, director up for rotation | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Board meeting on 27 Aug to decide 16th AGM date and directors report | board shareholder meetings | low | — | — |
| 18 Jul 2026 · Routine SEBI compliance certificate for Q1 FY27 dematerialisation | compliance | minimal | — | — |
| 28 May 2026 · Considered and approved and taken on records the Standalone and Consolidated Financial results alongwith the Statement of Assets and Liabilities and the Audit Report for the half year and .... | results | high | — | — |
| 28 May 2026 · Considered and approved and taken on records the Standalone and Consolidated Audited Financial Results along with the Statement of Assets and Liabilities and the Audit Report for the half .... | results | high | — | — |
| 23 May 2026 · Shivam Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve 1.To consider, adopt and approve .... | results | low | — | — |
| 3.1 |
| Mayank Cattle Food Limited | 57 | 7.5 | — | — | — | — | — | — |
| NARMADA AGROBASE LIMITED | 55 | 72.0 | — | — | — | — | — | 5.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.4 | 17.5 | 6 of 8 | 29% |
| ROCE | 17.8 | 17.7 | 3 of 6 | 60% |
| Revenue growth | 85.4 | 51.8 | 3 of 6 | 60% |
| Market cap | 203 | 386 | 5 of 8 | 43% |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
