Are Shivalik Rasayan Ltd latest results good or bad?

Shivalik Rasayan Ltd's latest financial results for the quarter ended December 2025 reveal significant operational challenges. The company reported a consolidated net profit of ₹2.70 crores, which reflects a substantial decline of 48.77% year-on-year. Additionally, net sales decreased by 3.83% to ₹82.04 crores compared to ₹85.31 crores in the same quarter of the previous year. This decline in revenue is compounded by a notable drop in operating profit, which fell to ₹10.32 crores, marking a 22.52% decrease from ₹13.32 crores year-on-year. The operating margin, excluding other income, contracted to 12.58%, down from 15.61% in the prior year, indicating a deterioration in profitability. The profit after tax (PAT) margin also saw a decline, standing at 4.47%, compared to 8.14% in the previous year. These metrics suggest that Shivalik Rasayan is facing significant headwinds in maintaining its financial performance amidst a competitive agrochemical sector. Moreover, the nine-month period ending December 2025 showed a consolidated net profit of ₹7.35 crores, down 42.19% from ₹12.80 crores in the corresponding period of FY25. This trend of declining profitability across multiple quarters indicates deeper structural challenges rather than temporary disruptions. The company also experienced a revision in its evaluation, reflecting the ongoing operational difficulties and the impact of external market pressures. Overall, the financial data highlights a concerning trajectory for Shivalik Rasayan Ltd, marked by declining sales, profit margins, and profitability metrics, which could pose challenges for future growth and operational stability.