Shivchem Agro Ltd
Incorporated in September 2021, Shivchem Agro Limited is an agrochemical company engaged in the manufacturing, stocking, distribution, and sale of agricultural formulations.[1]
- Market Cap ₹ 28.6 Cr.
- Current Price ₹ 38.0
- High / Low ₹ 62.0 / 21.7
- Stock P/E 8.81
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 30.4 %
- ROE 28.8 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.2%
Cons
- Company has high debtors of 185 days.
- Company's cost of borrowing seems high
* 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
Commodities Chemicals Fertilizers & Agrochemicals Pesticides & Agrochemicals
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0.39 | 2.28 | 10.86 | 27.19 | 33.36 | |
| Sales growth | +484.62% | +376.32% | +150.37% | +22.69% | |
| 0.34 | 2.10 | 8.92 | 22.82 | 27.32 | |
| Operating Profit | 0.05 | 0.18 | 1.94 | 4.37 | 6.04 |
| OPM % | 12.82% | 7.89% | 17.86% | 16.07% | 18.11% |
| 0.00 | 0.00 | 0.01 | 0.04 | 0.02 | |
| Interest | 0.00 | 0.00 | 0.17 | 0.77 | 1.40 |
| Depreciation | 0.00 | 0.01 | 0.05 | 0.12 | 0.26 |
| Profit before tax | 0.05 | 0.17 | 1.73 | 3.52 | 4.40 |
| Tax % | 20.00% | 23.53% | 25.43% | 26.14% | 26.14% |
| 0.03 | 0.13 | 1.29 | 2.60 | 3.25 | |
| EPS in Rs | 0.19 | 0.81 | 8.06 | 4.93 | 6.16 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 145% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 192% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 40% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.05 | 2.64 | 2.64 | 2.64 |
| Reserves | 0.03 | 0.16 | 1.45 | 7.04 | 10.28 | 12.33 |
| 0.37 | 1.28 | 7.10 | 8.26 | 7.28 | 6.98 | |
| 0.23 | 1.27 | 7.82 | 18.35 | 24.85 | 31.69 | |
| Total Liabilities | 0.68 | 2.76 | 16.42 | 36.29 | 45.05 | 53.64 |
| 0.06 | 0.18 | 0.80 | 4.38 | 3.69 | 4.28 | |
| CWIP | 0.00 | 0.09 | 0.75 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.62 | 2.49 | 14.87 | 31.91 | 41.36 | 49.36 | |
| Total Assets | 0.68 | 2.76 | 16.42 | 36.29 | 45.05 | 53.64 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -0.68 | -4.34 | -3.00 | 1.79 | ||
| -0.22 | -1.32 | -2.91 | 0.42 | ||
| 0.91 | 5.72 | 6.08 | -2.33 | ||
| Net Cash Flow | 0.00 | 0.06 | 0.17 | -0.11 | |
| Free Cash Flow | -0.90 | -5.66 | -5.95 | 2.21 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -367% | -221% | -60% | 42% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 299.49 | 155.29 | 143.51 | 149.28 | 185.34 |
| Inventory Days | 270.14 | 607.69 | 446.43 | 402.17 | |
| Days Payable | 243.33 | 403.83 | 379.13 | 388.67 | |
| Cash Conversion Cycle | 299.49 | 182.09 | 347.37 | 216.58 | 198.84 |
| Working Capital Days | 0.00 | -11.21 | 57.81 | 105.65 | 131.62 |
| ROCE % | 17.53% | 37.66% | 32.33% | 30.41% |
Documents
Announcements
-
UPDATION OF CORPORATE IDENTIFICATION NUMBER (CIN) Of The Company
- Company updated its CIN from unlisted to listed in MCA and BSE records.
-
Declaration Regarding Non-Applicability Of Regulation 23(9) Of The SEBI (LODR) Regulations, 2015
- Shivchem Agro says Regulation 23(9) disclosure is not applicable as an SME-listed company.
-
Statement Of Deviation Or Variation Under Regulation 32 Of The SEBI (LODR) Regulations, 2015
- Regulation 32 statement filed; IPO proceeds deviation report not applicable for half year ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board appoints M/s Sonam Jeetesh Agrawal and Associates as Secretarial Auditor for FY26-27.
-
UNAUDITED FINANCIAL RESULTS ALONG WITH LIMITED REVIEW REPORT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026
- Board approved H1 FY27 results; CFO ceased, secretarial auditor appointed, and IPO deviation deemed not applicable.
Business Overview:[1]
Shivchem Agro Limited is an
agrochemical company engaged
in manufacturing, stocking, distributing,
and selling agricultural formulations in
India.
It covers insecticides, fungicides,
herbicides, plant growth regulators,
rodenticides and fertilizers, catering
to the different crop-protection and
crop-productivity requirements. The
company manufactures formulations
in both solid and liquid forms.