SHIVALIK RASAYAN LIMITED (SHIVALIK)

NSE: ₹240.00
BSE: ₹239.00
Stock Performance
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Quarterly Financials

Consolidated Standalone
Particulars Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Revenue from Operations 64.47 67.05 70.23 71.23 74.63 82.44 85.31 69.39 89.31 93.84 82.04 102.82
YOY Revenue Growth % 11.48% 19.02% 22.44% 13.2% 15.77% 22.96% 21.46% -2.58% 19.67% 13.83% -3.83% 48.16%
Other Income 0.42 0.56 1.50 1.49 0.64 0.35 1.60 5.71 0.60 0.39 1.18 1.92
Total Income 64.89 67.61 71.74 72.73 75.27 82.80 86.91 75.10 89.91 94.23 83.21 104.73
Total Expenses + 57.38 62.80 65.96 67.67 70.66 77.79 79.09 69.13 85.76 88.75 79.09 97.01
Cost of Materials Consumed 38.62 39.67 39.17 38.62 37.88 52.34 54.25 28.97 45.36 53.29 49.17 49.17
Employee Benefit Expense 10.20 11.13 12.69 12.80 12.30 13.98 13.92 14.83 14.01 15.66 15.24 15.64
Other Expenses 10.84 11.70 12.31 12.29 11.44 13.35 15.34 16.00 16.49 19.21 18.37 19.24
Operating Profit 7.08 4.25 4.27 3.56 3.97 4.65 6.22 0.27 3.55 5.09 2.95 5.81
OPM % 11% 6.3% 6.1% 5% 5.3% 5.6% 7.3% 0.4% 4% 5.4% 3.6% 5.7%
Profit Before Tax + 7.51 4.81 5.77 5.06 4.60 5.01 7.82 5.98 4.15 5.48 4.13 7.73
Tax Expense 1.03 2.17 1.43 0.46 0.74 0.58 1.18 0.79 1.33 1.17 0.46 0.55
Tax % 13.7% 45% 24.8% 9% 16% 11.6% 15.1% 13.1% 32% 21.4% 11.1% 7.2%
Profit After Tax 6.48 2.65 4.34 4.60 3.87 4.43 6.64 5.19 2.82 4.30 3.67 7.17
EPS (Basic) 2.28 1.26 2.03 2.26 2.27 2.58 3.30 2.62 1.02 1.93 1.71 2.87

Yearly Financial Results

Consolidated Standalone
Particulars Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021
Revenue from Operations 368.00 311.77 272.98 234.45 214.75 197.58
YOY Revenue Growth % 18.04% 14.21% 16.44% 9.17% 8.69% -
Other Income 4.08 8.31 3.98 4.66 3.71 1.13
Total Income 372.08 320.08 276.96 239.11 218.46 198.71
Total Expenses + 350.61 296.67 253.81 207.45 181.50 169.79
Cost of Materials Consumed 196.99 173.45 156.08 132.66 101.92 105.56
Employee Benefit Expense 60.55 55.02 46.82 36.94 29.82 21.19
Other Expenses 73.31 56.14 47.14 39.85 44.06 31.56
Operating Profit 17.40 15.10 19.17 27.00 33.25 27.80
OPM % 4.7% 4.8% 7% 11.5% 15.5% 14.1%
Profit Before Exceptional 21.48 23.41 23.15 31.66 36.96 28.93
Exceptional Items 0.00 0.00 0.00 0.00 0.00 0.00
Profit Before Tax + 21.48 23.41 23.15 31.66 36.96 28.93
Tax Expense 3.51 2.98 5.08 1.83 2.70 4.12
Tax % 16.3% 12.8% 21.9% 5.8% 7.3% 14.3%
Profit After Tax 17.97 20.42 18.07 29.83 34.25 24.81
EPS (Basic) 7.71 10.60 10.75 15.02 18.12 12.88

Balance Sheet

Particulars Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021
ASSETS
Non-Current Assets + 436.79 416.64 398.56 316.69 248.36 232.25
Property, Plant & Equipment 334.00 335.66 213.11 217.29 220.29 209.79
Capital Work in Progress 0.00 0.00 116.80 57.34 3.30 0.00
Non-Current Investments 0.00 0.00 0.00 0.00 0.00 0.00
Goodwill 0.00 0.00 0.00 0.00 0.00 0.00
Other Intangible Assets 0.57 0.74 0.90 0.90 0.36 0.20
Current Assets + 382.08 317.39 293.91 261.56 239.90 130.70
Inventories 146.87 117.70 101.83 74.99 38.14 9.81
Trade Receivables 115.14 96.12 86.74 84.77 70.00 68.84
Cash and Cash Equivalents 34.37 27.97 37.74 30.67 70.76 4.77
Current Investments 0.00 0.00 0.00 0.00 0.00 0.00
LIABILITIES & EQUITY
Total Equity 599.10 535.96 507.57 419.28 364.68 259.47
Equity Share Capital 7.88 7.88 7.78 7.24 7.24 6.89
Other Equity 591.23 528.09 499.79 353.14 280.46 172.17
Non-Current Liabilities 29.58 19.86 26.46 15.40 11.66 12.75
Current Liabilities 190.18 178.20 158.44 143.56 111.91 90.72
Total Liabilities 219.76 198.06 184.90 158.96 123.58 103.47

Cash Flow Statement

Particulars Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021
Cash from Operating Activities -33.96 -7.58 -6.36 -18.95 9.89 58.79
Cash from Investing Activities -21.23 -12.52 -85.81 -70.77 -23.36 -79.09
Cash from Financing Activities 61.58 10.33 99.24 49.63 79.45 16.04
Net Increase/Decrease in Cash 6.40 -9.77 7.07 -40.09 70.76 -4.27