Shivalik Rasayan Falls to 52-Week Low of Rs.353.35 Amidst Continued Downtrend

Recent Price Movement and Market Context

On 9 December 2025, Shivalik Rasayan's share price touched an intraday low of Rs.353.35, representing a 3.61% decline during the session. This price level is the lowest the stock has recorded in the past year, underscoring a sustained downward trend. Over the last three trading days, the stock has recorded a cumulative return of -8.61%, indicating persistent selling pressure.

The stock's performance today underperformed its sector peers by 1.55%, while the broader market, represented by the Sensex, opened lower at 84,742.87 points, down 0.42%. Despite the Sensex trading near its 52-week high and maintaining bullish moving averages, Shivalik Rasayan's shares have not mirrored this positive momentum.

Notably, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning highlights the prevailing weakness in the stock relative to its recent historical price levels.

Financial Performance and Profitability Indicators

Shivalik Rasayan's financial metrics over recent years provide insight into the factors influencing its share price. The company has recorded a Return on Equity (ROE) averaging 6.12%, which indicates modest profitability relative to shareholders' funds. This level of ROE is considered low within the Pesticides & Agrochemicals sector, where higher returns are often expected due to the industry's growth potential.

Over the past five years, the company's net sales have grown at an annual rate of approximately 12.50%. However, operating profit growth has been minimal, averaging just 0.55% annually during the same period. This disparity suggests that while top-line revenues have expanded, operational efficiency or cost management has limited profit expansion.

In the most recent quarterly results, the Profit After Tax (PAT) stood at Rs.3.05 crore, reflecting a decline of 23.9% compared to the previous corresponding period. This contraction in quarterly profitability adds to the challenges faced by the company in sustaining earnings growth.

Shareholding and Market Position

Despite Shivalik Rasayan's size within its industry, domestic mutual funds hold no stake in the company. Given that mutual funds typically conduct thorough research and due diligence, their absence from the shareholding pattern may indicate a cautious stance towards the stock's valuation or business outlook.

Furthermore, the stock has consistently underperformed the benchmark indices over the last three years. In the past year alone, Shivalik Rasayan's shares have recorded a return of -53.60%, contrasting with the Sensex's positive return of 4.03% during the same timeframe. This persistent underperformance relative to the broader market and sector peers has contributed to the stock's current valuation levels.

Balance Sheet and Valuation Metrics

On the balance sheet front, the company maintains a low average Debt to Equity ratio of 0.04 times, indicating limited leverage and a conservative capital structure. This low indebtedness reduces financial risk but has not translated into stronger market performance.

Valuation metrics show that Shivalik Rasayan trades at a Price to Book Value of approximately 1, which is considered attractive relative to its peers. The stock's valuation discount reflects the market's cautious assessment of its growth prospects and profitability.

Despite the subdued share price, the company’s profits have shown a marginal rise of 0.1% over the past year, suggesting some stability in earnings despite the challenging market environment.

Sector and Market Comparison

Within the Pesticides & Agrochemicals sector, Shivalik Rasayan's share price movement contrasts with broader market trends. While the Sensex remains close to its 52-week high and small-cap stocks have shown gains, Shivalik Rasayan's shares have not participated in this positive momentum. The sector itself has experienced mixed performance, with some companies benefiting from favourable agricultural demand and others facing headwinds.

The stock's 52-week high was Rs.873.60, indicating a substantial decline of nearly 60% from that peak to the current 52-week low. This wide price range over the year reflects significant volatility and changing market perceptions of the company's prospects.

Summary of Key Price and Performance Data

To summarise, Shivalik Rasayan's key recent price and performance data include:

• New 52-week low of Rs.353.35 recorded on 9 December 2025
• Three consecutive days of share price decline, with cumulative returns of -8.61%
• Underperformance relative to sector peers by 1.55% on the latest trading day
• Trading below all major moving averages (5, 20, 50, 100, 200 days)
• One-year return of -53.60% compared to Sensex’s 4.03% positive return
• Low ROE of 6.12% and minimal operating profit growth over five years
• Quarterly PAT of Rs.3.05 crore, down 23.9% year-on-year
• Low Debt to Equity ratio averaging 0.04 times
• Price to Book Value near 1, indicating valuation discount

These data points collectively illustrate the challenges faced by Shivalik Rasayan in recent periods, reflected in its share price reaching a new low for the year.

Conclusion

Shivalik Rasayan’s fall to a 52-week low of Rs.353.35 marks a notable development in the stock’s performance within the Pesticides & Agrochemicals sector. The stock’s decline over recent days, combined with subdued profitability metrics and consistent underperformance against benchmarks, has contributed to this valuation level. While the company maintains a conservative debt profile and an attractive price to book ratio, the market’s assessment remains cautious amid modest earnings growth and sector dynamics.

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