Shivagrico Impl.

  • Market Cap: Micro Cap
  • Industry: Industrial Manufacturing
  • ISIN: INE092H01014
  • NSEID:
  • BSEID: 522237
INR
26.88
2.63 (10.85%)
BSENSE

Feb 13

BSE+NSE Vol: 490

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

490 (-2.23%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 1 DIIs

Promoter

62.18%

When is the next results date for Shivagrico Impl.?

20-May-2025

No Upcoming Board Meetings

Is Shivagrico Impl. overvalued or undervalued?

09-Jun-2025

As of May 19, 2025, Shivagrico Impl. is considered a very attractive investment due to its undervalued status with a PE ratio of 16.38 and strong growth potential, especially when compared to its expensive peers, despite a recent short-term underperformance against the Sensex.

As of 19 May 2025, the valuation grade for Shivagrico Impl. has moved from risky to very attractive, indicating a significant improvement in its investment appeal. The company is currently considered undervalued, with a PE ratio of 16.38, an EV to EBITDA ratio of 11.24, and a PEG ratio of 0.09, which suggests strong growth potential relative to its price. <BR><BR>In comparison to its peers, Shivagrico Impl. stands out favorably; for instance, Rail Vikas has a PE ratio of 69.76 and AIA Engineering has a PE of 31.18, both categorized as very expensive. This positions Shivagrico as a compelling investment opportunity within the industrial manufacturing sector. Additionally, while the stock has underperformed the Sensex in the short term with a 1-week return of -10.15%, it has significantly outperformed over longer periods, such as a 5-year return of 500% compared to the Sensex's 142.99%.

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What is the technical trend for Shivagrico Impl.?

09-Jun-2025

As of May 27, 2025, Shivagrico Impl. shows a mildly bullish trend, supported by bullish weekly and monthly MACD and daily moving averages, despite mixed signals from the KST and a mildly bearish weekly Dow Theory.

As of 27 May 2025, the technical trend for Shivagrico Impl. has changed from bullish to mildly bullish. The weekly MACD remains bullish, supporting a positive outlook, while the monthly MACD is also bullish, indicating strength in the longer term. The daily moving averages are bullish, suggesting short-term upward momentum. However, the weekly KST is bullish, but the monthly KST is mildly bearish, indicating some mixed signals. The Dow Theory shows a mildly bearish stance on the weekly chart but remains bullish on the monthly, reflecting a divergence in time frames. Overall, the trend is mildly bullish, driven by the strength in moving averages and MACD, despite some bearish signals from KST and Dow Theory on the weekly chart.

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Who are the peers of the Shivagrico Impl.?

16-Jul-2025

Shivagrico Impl.'s peers include Rajasthan Cylind, Lippi Systems, Galaxy Agrico, Arrowhead Sepera, Premier, Shantai Indust., Thakral Services, EMA India, and Falcon. Management risks are generally below average for several peers, with Shantai Indust. showing the highest 1-year return at 110.30%, while Shivagrico Impl. has a 1-year return of 22.05%.

Peers: The peers of Shivagrico Impl. are Rajasthan Cylind, Lippi Systems, Galaxy Agrico, Arrowhead Sepera, Premier, Shantai Indust., Thakral Services, EMA India, and Falcon.<BR><BR>Quality Snapshot: Below Average management risk is observed at Rajasthan Cylind, Lippi Systems, Shivagrico Impl., Shantai Indust., and Falcon, while Good management risk is found at Arrowhead Sepera. Below Average growth is noted for Rajasthan Cylind, Lippi Systems, Shivagrico Impl., Galaxy Agrico, Arrowhead Sepera, and Shantai Indust., while Average growth is seen at Galaxy Agrico and Arrowhead Sepera. Below Average capital structure is present at Rajasthan Cylind, Lippi Systems, Shivagrico Impl., and Falcon, while Good capital structure is noted at Shantai Indust.<BR><BR>Return Snapshot: Shantai Indust. has the highest 1-year return at 110.30%, while Arrowhead Sepera has the lowest at -54.06%. Shivagrico Impl.'s 1-year return of 22.05% is significantly higher than Arrowhead Sepera's. Additionally, the six-month returns for Arrowhead Sepera, Thakral Services, and Falcon are negative.

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Who are in the management team of Shivagrico Impl.?

16-Jul-2025

As of March 2023, the management team of Shivagrico Impl. includes Vimalchand M. Jain (Chairman & Executive Director), Bhavesh Shah, Manju Singhvi, and Bhupesh Babulal Shah (all Independent Non-Executive Directors). The team combines executive and independent directors for effective governance and strategy.

As of March 2023, the management team of Shivagrico Impl. includes the following individuals:<BR><BR>1. Vimalchand M. Jain - Chairman & Non Executive Director<BR>2. Vimalchand M Jain - Executive Director / Whole Time Director / Chief Financial Officer / Promoter<BR>3. Bhavesh Shah - Independent Non Executive Director<BR>4. Manju Singhvi - Independent Non Executive Director<BR>5. Bhupesh Babulal Shah - Independent Non Executive Director<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

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What does Shivagrico Impl. do?

17-Jul-2025

Shivagrico Implements Ltd manufactures hand-tools and agricultural equipment, operating in the Industrial Manufacturing sector as a Micro Cap company. As of March 2025, it reported net sales of 123 Cr and a net profit of 2 Cr, with a market cap of INR 13 Cr.

Overview: <BR>Shivagrico Implements Ltd is engaged in the manufacturing of hand-tools, equipment, and agricultural implements, operating within the Industrial Manufacturing industry and classified as a Micro Cap company.<BR><BR>History: <BR>The company was initially established in 1965 as a partnership to manufacture various tools and implements. It was reconstituted as a Private Limited Company in 1988 to expand its activities and became a Public Limited Company in 1992. The latest reported financial results are for the quarter ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 123 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 2 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 13 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 13.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 2.33 <BR>Return on Equity: 1.87% <BR>Price to Book: 1.72 <BR><BR>Contact Details: <BR>Address: A-1 Adinath Apartments, 281 Tardeo Road Mumbai Maharashtra : 400007 <BR>Tel: 91-22-23893022/23893023 <BR>Email: shivimpl@shivagrico.com <BR>Website: http://www.shivagrico.com

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Who are the top shareholders of the Shivagrico Impl.?

17-Jul-2025

The top shareholders of Shivagrico Impl. include promoter Vimalchand Moolchand Jain with 16.65% ownership, individual investors with 33.32%, and Polson Tie Up Private Limited as the largest public shareholder at 1.41%. There are no foreign institutional investors in the company.

The top shareholders of Shivagrico Impl. include the promoters, who hold the majority of the shares. The promoter with the highest holding is Vimalchand Moolchand Jain, owning 16.65% of the company. Additionally, individual investors collectively hold 33.32% of the shares. Among public shareholders, Polson Tie Up Private Limited is the largest, with a stake of 1.41%. There are also two mutual fund schemes that hold a combined total of 0.87%, but there are no foreign institutional investors (FIIs) holding shares in the company.

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How big is Shivagrico Impl.?

24-Jul-2025

As of 24th July, Shivagrico Implements Ltd has a market capitalization of 12.00 Cr, with Net Sales of 43.11 Cr and a Net Profit of 0.38 Cr reported in the latest four quarters. The balance sheet for March 2025 shows Shareholder's Funds of 7.87 Cr and Total Assets of 26.04 Cr.

As of 24th July, Shivagrico Implements Ltd has a market capitalization of 12.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 43.11 Cr and a Net Profit of 0.38 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 7.87 Cr and Total Assets of 26.04 Cr.

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How has been the historical performance of Shivagrico Impl.?

01-Dec-2025

Shivagrico Impl. has shown fluctuating financial performance, with net sales decreasing slightly from INR 43.22 crore in Mar'24 to INR 43.10 crore in Mar'25, while profitability metrics improved, including a rise in profit after tax to INR 0.38 crore and earnings per share to INR 0.76. Total liabilities and assets both decreased, but cash flow from operating activities turned positive at INR 3.00 crore in Mar'25.

Answer:<BR>The historical performance of Shivagrico Impl. shows a fluctuating trend in its financial metrics over the years.<BR><BR>Breakdown:<BR>Shivagrico Impl. has experienced variations in net sales, with a slight decrease from INR 43.22 crore in Mar'24 to INR 43.10 crore in Mar'25, following a peak of INR 48.20 crore in Mar'22. Total operating income also saw a decline, dropping to INR 43.50 crore in Mar'25 from INR 43.60 crore in the previous year. The company's total expenditure decreased to INR 40.24 crore in Mar'25 from INR 40.99 crore in Mar'24, contributing to an operating profit of INR 3.26 crore, up from INR 2.61 crore. Profit before tax improved to INR 0.39 crore in Mar'25, compared to INR 0.16 crore in the prior year, while profit after tax rose to INR 0.38 crore from INR 0.07 crore. The earnings per share (EPS) increased significantly to INR 0.76 in Mar'25 from INR 0.14 in Mar'24. On the balance sheet, total liabilities decreased to INR 26.04 crore in Mar'25 from INR 28.70 crore in Mar'24, while total assets also fell to INR 26.04 crore from INR 28.70 crore. The cash flow from operating activities showed a positive trend, reaching INR 3.00 crore in Mar'25, up from INR 0.00 crore in Mar'24, although the net cash outflow was INR 1.00 crore in Mar'25. Overall, the company has shown improvements in profitability metrics despite fluctuations in sales and total assets.

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Are Shivagrico Implements Ltd latest results good or bad?

11-Feb-2026

Shivagrico Implements Ltd's latest results show a net profit recovery of 133.33%, but declining net sales and high leverage raise concerns about its financial health. While there are positive signs, significant risks remain, suggesting caution for investors.

Shivagrico Implements Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹0.14 crores in Q2 FY26, marking a significant recovery of 133.33% both quarter-on-quarter (QoQ) and year-on-year (YoY). This is a positive development, especially considering the previous quarter's breakeven performance.<BR><BR>However, the overall financial health of the company raises concerns. Net sales declined by 5.46% QoQ to ₹11.08 crores, although there was a modest 2.03% increase YoY. The operating margin improved to 7.40%, which is a positive sign, but the profit after tax (PAT) margin remains low at just 1.26%. <BR><BR>The company faces significant challenges, including high leverage, with a debt-to-equity ratio of 1.97 times and a debt-to-EBITDA ratio of 7.78 times. This indicates that it would take nearly eight years of current EBITDA generation to repay its debt, which is a precarious position. Additionally, the average return on equity (ROE) and return on capital employed (ROCE) are both below 5%, suggesting that the company is struggling to create shareholder value.<BR><BR>In summary, while there are some positive signs in terms of profit recovery, the underlying issues related to profitability, high leverage, and operational efficiency indicate that the overall results are concerning. Investors should approach with caution, considering both the recovery and the significant risks involved.

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Should I buy, sell or hold Shivagrico Implements Ltd?

12-Feb-2026

Why is Shivagrico Implements Ltd falling/rising?

13-Feb-2026

As of 13-Feb, Shivagrico Implements Ltd's stock price is rising to Rs 26.88, marking a 10.85% increase today. Despite recent declines, the stock has shown strong long-term performance, but a significant drop in delivery volume suggests potential concerns about future investor interest.

As of 13-Feb, Shivagrico Implements Ltd's stock price is rising, currently at Rs 26.88, reflecting a change of Rs 2.63 or 10.85% increase. This upward movement is primarily attributed to the stock opening with a significant gain of 8.82% today and reaching an intraday high of Rs 28, which is a 15.46% increase. Additionally, the stock has outperformed its sector by 12.38%.<BR><BR>Despite a recent decline of 6.80% over the past month and a 13.23% drop over the last year, the stock has shown strong performance over longer periods, with a 51.44% increase over three years and an impressive 386.96% rise over five years. The current trading activity indicates high volatility, with an intraday volatility of 5.66%, suggesting active trading interest.<BR><BR>However, it is important to note that there has been a decline in investor participation, as evidenced by a 49.89% drop in delivery volume compared to the five-day average. This could indicate potential concerns about sustained interest in the stock moving forward. Nonetheless, the immediate price increase reflects positive trading dynamics for Shivagrico Implements Ltd on this particular day.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

High Debt company with Weak Long Term Fundamental Strength

  • Poor long term growth as Net Sales has grown by an annual rate of 8.05% and Operating profit at 12.22% over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at 2.45 times
  • The company has been able to generate a Return on Equity (avg) of 4.29% signifying low profitability per unit of shareholders funds
2

Flat results in Dec 25

3

Below par performance in long term as well as near term

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Industrial Manufacturing

stock-summary
Market cap

INR 12 Cr (Micro Cap)

stock-summary
P/E

28.00

stock-summary
Industry P/E

32

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

1.97

stock-summary
Return on Equity

5.99%

stock-summary
Price to Book

1.56

Revenue and Profits:
Net Sales:
12 Cr
(Quarterly Results - Dec 2025)
Net Profit:
0 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-7.28%
0%
-7.28%
6 Months
-4.0%
0%
-4.0%
1 Year
-13.23%
0%
-13.23%
2 Years
0%
0%
0.0%
3 Years
51.44%
0%
51.44%
4 Years
48.92%
0%
48.92%
5 Years
386.96%
0%
386.96%

Shivagrico Impl. for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Announcements stock-summary

Announcement under Regulation 30 (LODR)-Newspaper Publication

12-Feb-2026 | Source : BSE

Pursuant to Regulation 33 read with Regulation 47 of SEBI(LODR) Regulations 2015 the Board of Directors have approved the un-audited financial results for the quarter and none months period ended on 31.12.2025 at their Board Meeting held on 10.02.2026. we are submitting news paper cuttings published in Financial Express and Mumbai Lakshadweep dated 12.02.2026

Unaudited Financial Results For The Quarter Ended 31.12.2025

10-Feb-2026 | Source : BSE

This is to inform you that the Board of Directors have pursuant to Regulations 33 of SEBI(LODR) Regulations 2015 approved the un-audited financial results for the quarter and nine months period ended on 31st December 2025 at their Board Meeting held on Tuesday the 10th February 2026. The copy of the un-audited financial results along with Limited Review Report issued by the Statutory auditor

General Updates - Date Of Board Meeting

30-Jan-2026 | Source : BSE

This is to inform you that the Meeting of the Board of directors will be held on Tuesday the 10th February 2026 to consider and approve UN-audited financial results for the quarter end nine months period ended on 31.12.2025. However inadvertently in the cover letter the date is wrongly mentioned as 12.02.2026 instead on 10.02.026. The date of the meeting is 10.02.2026. Revised Letter is enclosed.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

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SPLITS

No Splits history available

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BONUS

No Bonus history available

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RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
8.05%
EBIT Growth (5y)
12.22%
EBIT to Interest (avg)
1.41
Debt to EBITDA (avg)
7.78
Net Debt to Equity (avg)
1.97
Sales to Capital Employed (avg)
1.64
Tax Ratio
27.27%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.87%
ROCE (avg)
4.22%
ROE (avg)
4.29%

Valuation key factors

Factor
Value
P/E Ratio
28
Industry P/E
32
Price to Book Value
1.68
EV to EBIT
16.54
EV to EBITDA
8.98
EV to Capital Employed
1.23
EV to Sales
0.61
PEG Ratio
0.12
Dividend Yield
NA
ROCE (Latest)
6.93%
ROE (Latest)
5.99%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
Mildly Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 2 Schemes (0.87%)

FIIs

Held by 0 FIIs

Promoter with highest holding

Vimalchand Moolchandji Jain (16.65%)

Highest Public shareholder

Vsl Growth Capital Private (1.17%)

Individual Investors Holdings

33.83%

stock-summaryFinancial
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    "alert": "No Nine Monthly Results declared by Shivagrico Impl."
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          "field": "Interest",
          "val1": "1.23",
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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
12.40
11.08
11.91%
Operating Profit (PBDIT) excl Other Income
0.76
0.82
-7.32%
Interest
0.27
0.25
8.00%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.11
0.14
-21.43%
Operating Profit Margin (Excl OI)
6.13%
7.40%
-1.27%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is 11.91% vs -5.46% in Sep 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is -21.43% vs 0.00% in Sep 2025

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
43.10
43.22
-0.28%
Operating Profit (PBDIT) excl Other Income
2.98
2.39
24.69%
Interest
1.23
1.10
11.82%
Exceptional Items
0.00
0.00
Consolidate Net Profit
0.38
0.07
442.86%
Operating Profit Margin (Excl OI)
3.09%
2.40%
0.69%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is -0.28% vs 4.12% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 442.86% vs -30.00% in Mar 2024

stock-summaryCompany CV
About Shivagrico Implements Ltd stock-summary
stock-summary
Shivagrico Implements Ltd
Micro Cap
Industrial Manufacturing
Shivagrico Implements Limited was initially setup as a partnership concern in 1965, to manufacture hand-tools, equipment and agricultural implements like pickaxes, powrahs, Crowbars, Garden rakes, Shuttering Clamps, Hoes, etc in the name of Shiv Steel Works. In 1988, the Firm was reconstituted as a Private Limited Company to expand its activities. The Company became a Public Limited Company and entered the capital market by year 1992.
Company Coordinates stock-summary
Company Details
A-1 Adinath Apartments, 281 Tardeo Road Mumbai Maharashtra : 400007
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Tel: 91-22-23893022/23893023
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shivimpl@shivagrico.com
Registrar Details
Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai