Shivagrico Implements Ltd

Shivagrico Impl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shivagrico Implements Ltd

₹ 25.7 -1.23%
16 Jun 12:47 p.m.
ranawatgroup.com BSE: 522237
About

Incorporated in 1965, Shivagrico Implements Ltd deals in Rolling and Forging of agricultural
implements and other products.[1]

Key Points

Business Overview:[1]
SAIL manufactures and exports Agricultural Implements / Hand tools. Its product range includes Agricultural Implements and Hand
tools such as Pickaxes, Crowbars, Hoes, Pick
& Cutter mattocks, Hammers, Mauls etc. The company also manufactures re-rolled products such as Angles, Flats, Rounds, Polygons, and Squares. The products are sold under the brands LION and CHETAK.

Website BSE
  • Market Cap ₹ 12.9 Cr.
  • Current Price ₹ 25.7
  • High / Low ₹ 36.0 / 19.2
  • Stock P/E 33.0
  • Book Value ₹ 16.5
  • Dividend Yield 0.00 %
  • ROCE 6.90 %
  • ROE 4.83 %
  • Face Value ₹ 10.0
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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 4.67% over past five years.
  • Company has a low return on equity of 2.99% 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

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
9.07 9.77 11.52 10.55 11.77 8.08 10.94 12.04 12.45 11.78 11.17 12.50 12.10
8.46 9.13 10.86 9.92 11.09 7.33 10.13 11.28 11.51 11.03 10.35 11.74 11.13
Operating Profit 0.61 0.64 0.66 0.63 0.68 0.75 0.81 0.76 0.94 0.75 0.82 0.76 0.97
OPM % 6.73% 6.55% 5.73% 5.97% 5.78% 9.28% 7.40% 6.31% 7.55% 6.37% 7.34% 6.08% 8.02%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.31 0.25 0.30 0.28 0.27 0.30 0.31 0.30 0.31 0.28 0.25 0.27 0.23
Depreciation 0.33 0.36 0.30 0.33 0.36 0.40 0.41 0.41 0.43 0.41 0.36 0.29 0.51
Profit before tax -0.03 0.03 0.06 0.02 0.05 0.05 0.09 0.05 0.20 0.06 0.21 0.20 0.23
Tax % 0.00% 33.33% 0.00% 100.00% 140.00% 20.00% 33.33% 0.00% -20.00% 100.00% 33.33% 45.00% 39.13%
-0.03 0.03 0.06 -0.01 -0.01 0.04 0.06 0.05 0.23 0.00 0.14 0.11 0.14
EPS in Rs -0.06 0.06 0.12 -0.02 -0.02 0.08 0.12 0.10 0.46 0.00 0.28 0.22 0.28
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
24.26 25.55 23.22 21.85 25.33 25.04 37.85 48.20 41.51 43.22 43.10 47.56
22.52 23.70 21.56 20.88 24.74 23.62 35.98 45.40 39.36 40.99 40.23 44.27
Operating Profit 1.74 1.85 1.66 0.97 0.59 1.42 1.87 2.80 2.15 2.23 2.87 3.29
OPM % 7.17% 7.24% 7.15% 4.44% 2.33% 5.67% 4.94% 5.81% 5.18% 5.16% 6.66% 6.92%
0.08 0.20 0.31 0.07 0.36 0.36 0.43 0.67 0.42 0.38 0.40 0.00
Interest 0.72 0.80 0.61 0.57 0.75 0.87 0.75 0.95 1.03 1.10 1.23 1.02
Depreciation 1.02 1.20 1.30 0.97 1.31 1.32 1.24 1.50 1.39 1.35 1.65 1.58
Profit before tax 0.08 0.05 0.06 -0.50 -1.11 -0.41 0.31 1.02 0.15 0.16 0.39 0.69
Tax % 37.50% 200.00% 33.33% -38.00% -25.23% 9.76% 67.74% 24.51% 33.33% 56.25% 2.56% 44.93%
0.05 -0.05 0.04 -0.31 -0.83 -0.45 0.10 0.77 0.10 0.07 0.38 0.39
EPS in Rs 0.10 -0.10 0.08 -0.62 -1.66 -0.90 0.20 1.54 0.20 0.14 0.76 0.78
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: 5%
3 Years: 5%
TTM: 10%
Compounded Profit Growth
10 Years: 36%
5 Years: 31%
3 Years: 135%
TTM: 70%
Stock Price CAGR
10 Years: 6%
5 Years: 39%
3 Years: 16%
1 Year: -10%
Return on Equity
10 Years: 0%
5 Years: 4%
3 Years: 3%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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 2.76 2.71 2.77 2.47 1.63 1.09 1.19 2.12 2.28 2.39 2.86 3.28
8.14 9.88 9.49 10.98 12.84 13.43 18.25 18.37 16.98 19.18 15.84 17.57
1.96 2.96 2.85 2.60 2.79 3.52 3.17 2.45 3.82 2.12 2.34 2.37
Total Liabilities 17.87 20.56 20.12 21.06 22.27 23.05 27.62 27.95 28.09 28.70 26.05 28.23
7.97 7.99 6.59 8.87 8.53 7.70 7.76 9.41 9.13 10.96 10.05 9.34
CWIP 0.76 1.82 3.11 0.66 0.37 0.62 2.25 0.11 0.87 0.13 0.21 1.37
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
9.14 10.75 10.42 11.53 13.37 14.73 17.61 18.43 18.09 17.61 15.79 17.52
Total Assets 17.87 20.56 20.12 21.06 22.27 23.05 27.62 27.95 28.09 28.70 26.05 28.23

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.46 1.19 2.29 -0.15 -0.49 1.06 -1.06 2.57 5.18 0.84 3.84 1.23
-0.86 -2.23 -1.31 -0.76 -0.66 -0.74 -3.00 -0.75 -1.74 -2.47 -0.69 -2.01
0.43 1.01 -1.00 0.91 1.12 -0.33 4.07 -0.82 -2.43 1.10 -4.56 0.71
Net Cash Flow 0.04 -0.02 -0.01 0.00 -0.03 0.00 0.01 0.99 1.01 -0.53 -1.41 -0.08
Free Cash Flow -0.41 -1.06 1.02 -0.92 -1.17 0.31 -3.98 1.60 3.43 -1.60 3.15 -0.80
CFO/OP 28% 70% 137% -6% -83% 75% -57% 92% 240% 38% 137% 37%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 8.27 26.00 17.29 21.88 38.76 40.52 32.31 24.76 18.38 25.00 22.44 22.26
Inventory Days 170.21 170.47 208.02 260.46 197.84 255.83 180.46 138.31 157.86 147.31 171.95 167.33
Days Payable 17.59 9.18 45.01 48.65 43.51 64.02 34.11 15.65 37.22 8.56 11.63 7.15
Cash Conversion Cycle 160.90 187.28 180.31 233.69 193.10 232.33 178.65 147.43 139.02 163.75 182.77 182.44
Working Capital Days -3.61 -7.71 -2.67 -17.04 -15.27 -24.63 -16.10 6.36 -11.17 -14.10 2.88 3.45
ROCE % 5.20% 5.01% 3.79% 0.28% -1.95% 2.36% 4.82% 7.77% 4.30% 4.92% 5.81% 6.90%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Full Forging Production
MT

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Number of Permanent Employees
Numbers
Partial Forging Production
MT
Rolling Production
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
61.62% 61.62% 61.62% 61.63% 61.79% 61.79% 61.92% 62.02% 62.11% 62.18% 62.18% 62.18%
0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87%
37.50% 37.49% 37.50% 37.50% 37.34% 37.33% 37.20% 37.10% 37.01% 36.94% 36.95% 36.93%
No. of Shareholders 2,5582,5432,5502,5612,5842,5992,6692,6612,6642,7122,7402,767

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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