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 ₹ 34.4 Cr.
- Current Price ₹ 45.6
- High / Low ₹ 62.0 / 45.6
- Stock P/E 10.6
- 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
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
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 | |
| 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 | |
|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.05 | 2.64 | 2.64 |
| Reserves | 0.03 | 0.16 | 1.45 | 7.04 | 10.28 |
| 0.37 | 1.28 | 7.10 | 8.26 | 7.28 | |
| 0.23 | 1.27 | 7.82 | 18.35 | 24.85 | |
| Total Liabilities | 0.68 | 2.76 | 16.42 | 36.29 | 45.05 |
| 0.06 | 0.18 | 0.80 | 4.38 | 3.69 | |
| CWIP | 0.00 | 0.09 | 0.75 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.62 | 2.49 | 14.87 | 31.91 | 41.36 | |
| Total Assets | 0.68 | 2.76 | 16.42 | 36.29 | 45.05 |
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
-
Declaration Regarding Non-Applicability Of Annual Secretarial Compliance Report Under Regulation 24A Of The SEBI (LODR) Regulations, 2015
- Shivchem Agro says Annual Secretarial Compliance Report under Regulation 24A is not applicable.
-
Declaration Regarding Non-Applicability Of Regulation 23(9) Of The SEBI (LODR) Regulations, 2015
- Declared Regulation 23(9) non-applicability on SME Exchange; no related party disclosure required.
-
Submission Of Non Applicability Under Regulation 15(2)(B) Of SEBI (LODR) Regulation , 2015
- Shivchem Agro submits Regulation 15(2)(b) non-applicability certificate for corporate governance provisions.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submission of certificate under Regulation 74(5) of the SEBI(DP) Regulations, 2018 for the quarter ended on September 30, 2026
-
Board Meeting Outcome for Change In Registered Office Address Of The Company
- Registered office shifted within Delhi to Unit No. 311, Pitampura, effective October 8, 2026.
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.