Shivagrico Implements Ltd
Incorporated in 1965, Shivagrico Implements Ltd deals in Rolling and Forging of agricultural implements and other products.
- Market Cap ₹ 14.5 Cr.
- Current Price ₹ 29.0
- High / Low ₹ 36.2 / 19.1
- Stock P/E 38.2
- Book Value ₹ 15.7
- Dividend Yield 0.00 %
- ROCE 6.44 %
- ROE 4.98 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.7% over past five years.
- Company has a low return on equity of 2.16% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
26.17 | 24.26 | 25.55 | 23.22 | 21.85 | 25.33 | 25.04 | 37.85 | 48.20 | 41.51 | 43.22 | 43.50 | |
24.46 | 22.52 | 23.70 | 21.56 | 20.88 | 24.74 | 23.62 | 35.98 | 45.40 | 39.36 | 40.99 | 40.23 | |
Operating Profit | 1.71 | 1.74 | 1.85 | 1.66 | 0.97 | 0.59 | 1.42 | 1.87 | 2.80 | 2.15 | 2.23 | 3.27 |
OPM % | 6.53% | 7.17% | 7.24% | 7.15% | 4.44% | 2.33% | 5.67% | 4.94% | 5.81% | 5.18% | 5.16% | 7.52% |
0.04 | 0.08 | 0.20 | 0.31 | 0.07 | 0.36 | 0.36 | 0.43 | 0.67 | 0.42 | 0.38 | -0.00 | |
Interest | 0.62 | 0.72 | 0.80 | 0.61 | 0.57 | 0.75 | 0.87 | 0.75 | 0.95 | 1.03 | 1.10 | 1.23 |
Depreciation | 1.00 | 1.02 | 1.20 | 1.30 | 0.97 | 1.31 | 1.32 | 1.24 | 1.50 | 1.39 | 1.35 | 1.65 |
Profit before tax | 0.13 | 0.08 | 0.05 | 0.06 | -0.50 | -1.11 | -0.41 | 0.31 | 1.02 | 0.15 | 0.16 | 0.39 |
Tax % | 23.08% | 37.50% | 200.00% | 33.33% | -38.00% | -25.23% | 9.76% | 67.74% | 24.51% | 33.33% | 56.25% | 2.56% |
0.09 | 0.05 | -0.05 | 0.04 | -0.31 | -0.83 | -0.45 | 0.10 | 0.77 | 0.10 | 0.07 | 0.38 | |
EPS in Rs | 0.18 | 0.10 | -0.10 | 0.08 | -0.62 | -1.66 | -0.90 | 0.20 | 1.54 | 0.20 | 0.14 | 0.76 |
Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 12% |
3 Years: | -3% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 23% |
3 Years: | -20% |
TTM: | 443% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 41% |
3 Years: | 25% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 4% |
3 Years: | 2% |
Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 |
Reserves | 2.72 | 2.76 | 2.71 | 2.77 | 2.47 | 1.63 | 1.09 | 1.19 | 2.12 | 2.28 | 2.39 | 2.86 |
7.13 | 8.14 | 9.88 | 9.49 | 10.98 | 12.84 | 13.43 | 18.25 | 18.37 | 16.98 | 19.18 | 15.83 | |
1.49 | 1.96 | 2.96 | 2.85 | 2.60 | 2.79 | 3.52 | 3.17 | 2.45 | 3.82 | 2.12 | 2.34 | |
Total Liabilities | 16.35 | 17.87 | 20.56 | 20.12 | 21.06 | 22.27 | 23.05 | 27.62 | 27.95 | 28.09 | 28.70 | 26.04 |
6.94 | 7.97 | 7.99 | 6.59 | 8.87 | 8.53 | 7.70 | 7.76 | 9.41 | 9.13 | 10.96 | 10.04 | |
CWIP | 1.97 | 0.76 | 1.82 | 3.11 | 0.66 | 0.37 | 0.62 | 2.25 | 0.11 | 0.87 | 0.13 | 0.21 |
Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
7.44 | 9.14 | 10.75 | 10.42 | 11.53 | 13.37 | 14.73 | 17.61 | 18.43 | 18.09 | 17.61 | 15.79 | |
Total Assets | 16.35 | 17.87 | 20.56 | 20.12 | 21.06 | 22.27 | 23.05 | 27.62 | 27.95 | 28.09 | 28.70 | 26.04 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.13 | 0.46 | 1.19 | 2.29 | -0.15 | -0.49 | 1.06 | -1.06 | 2.57 | 5.18 | 0.84 | 3.84 | |
-1.21 | -0.86 | -2.23 | -1.31 | -0.76 | -0.66 | -0.74 | -3.00 | -0.75 | -1.74 | -2.47 | -0.69 | |
0.06 | 0.43 | 1.01 | -1.00 | 0.91 | 1.12 | -0.33 | 4.07 | -0.82 | -2.43 | 1.10 | -4.56 | |
Net Cash Flow | -0.02 | 0.04 | -0.02 | -0.01 | -0.00 | -0.03 | -0.00 | 0.01 | 0.99 | 1.01 | -0.53 | -1.41 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11.44 | 8.27 | 26.00 | 17.29 | 21.88 | 38.76 | 40.52 | 32.31 | 24.76 | 18.38 | 25.00 | 22.24 |
Inventory Days | 113.04 | 170.21 | 170.47 | 208.02 | 260.46 | 197.84 | 255.83 | 180.46 | 138.31 | 157.86 | 147.31 | 171.95 |
Days Payable | 11.12 | 17.59 | 9.18 | 45.01 | 48.65 | 43.51 | 64.02 | 34.11 | 15.65 | 37.22 | 8.56 | 11.63 |
Cash Conversion Cycle | 113.36 | 160.90 | 187.28 | 180.31 | 233.69 | 193.10 | 232.33 | 178.65 | 147.43 | 139.02 | 163.75 | 182.56 |
Working Capital Days | 74.62 | 100.05 | 119.00 | 119.94 | 143.66 | 147.27 | 153.49 | 140.12 | 118.13 | 111.41 | 124.14 | 118.39 |
ROCE % | 5.22% | 5.20% | 5.01% | 3.79% | 0.28% | -1.95% | 2.36% | 4.82% | 7.77% | 4.30% | 4.92% | 6.44% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Shivagrico claims exemption from SEBI Reg 24A, submits net worth certificate of Rs 747.10 Lakhs.
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Announcement Under Regulation 30 - Appointment Of Secretarial Auditor For 5 Years
28 May - Appointment of M/s A.D. Parekh & Associates as secretarial auditor for FY25-26 to FY29-30.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Read with Regulation 47 of SEBI(LODR) Regulations 2015, the audited financial results for the quarter and year ended on 31st March, 2025 have been published …
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Results For The Quarter And Year Ended On 31.03.2025
27 May - Shivagrico Implements Ltd reports audited FY25 standalone financial results with profit and compliance.
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Board Meeting Intimation for Intimation Of Board Meeting
16 May - Board meeting on May 27 to consider audited results for FY ended March 31, 2023; trading window closed till May 30.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Product Profile:[1]
Company has 150+ product range including Agricultural Implements and Handtools such as Pickaxes, Kudali, Crowbars, Hoes, Pick & Cutter mattocks, Hammers, Mauls, bars, Pinch Point, Post Hole, Wedge Point, San Angelo, Big Bars, Telegraph Bars etc. Company also manufactures re-rolled products such as Angles, hot-rolled Flats, Rounds, Polygons and Squares. These products are sold under the brand names Lion and Chetak.