SHIVAMSHREE BUSINESSES LIMITED

About

Shivamshree Businesses Limited engages electric power generation using solar energy. The company is involved in trading of specialized commodities, including solar cells, photovoltaic cells, and solar panels. It also provides flexible intermediate bulk container (FIBC) and jumbo bags for packaging solution; storage and transportation of a wide range of materials, such as chemicals, food, metal, etc.; FIBC/jumbo bag fabric rolls; FIBC liners; geotextile fabric; and tarpaulin. The company also exports its products. Shivamshree Businesses Limited was formerly known as Siddarth Businesses Limited and changed its name to Shivamshree Businesses Limited in May 2016. The company was incorporated in 1983 and is based in Ahmedabad, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	2.65	4.57	3.64	4.22	2.69	1.71	1.29	0.24	0.88	3.69	7.64	0.30	0.00
Expenses	2.42	3.83	3.46	4.06	2.65	2.27	1.42	0.35	0.94	4.09	7.25	0.31	0.01
Operating Profit	0.23	0.74	0.18	0.16	0.04	-0.56	-0.13	-0.11	-0.06	-0.40	0.39	-0.01	-0.01
OPM %	8.68	16.19	4.95	3.79	1.49	-32.75	-10.08	-45.83	-6.82	-10.84	5.10	-3.33	—
Other Income	0.00	0.11	0.08	0.03	0.00	0.00	0.00	0.00	0.00	0.01	0.04	0.01	0.02
Depreciation	0.19	0.23	0.23	0.23	0.19	0.09	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Interest	0.01	0.09	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
Profit before tax	0.03	0.53	0.02	-0.04	-0.15	-0.65	-0.14	-0.12	-0.07	-0.39	0.43	-0.01	0.00
Tax %	-33.33	-20.75	50.00	0.00	206.67	-33.85	-7.14	0.00	0.00	0.00	25.58	-500.00	—
Net Profit	0.04	0.64	0.02	-0.03	-0.47	-0.42	-0.13	-0.12	-0.06	-0.39	0.32	0.04	0.03
EPS in Rs	0.01	0.08	0.00	0.00	-0.06	-0.09	-0.03	-0.03	-0.01	-0.09	0.07	0.01	0.01

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	15.11	4.13	11.63	0.07	0.79	0.26	0.94	1.18	8.43	7.15	0.78	0.98
Expenses	13.88	4.99	11.65	0.12	0.44	0.31	1.04	1.10	8.36	6.95	0.75	0.94
Operating Profit	1.23	-0.86	-0.02	-0.05	0.35	-0.05	-0.10	0.08	0.07	0.20	0.03	0.04
OPM %	8.14	-20.82	-0.17	-71.43	44.30	-19.23	-10.64	6.78	0.83	2.80	3.85	4.08
Other Income	0.12	0.01	0.07	0.03	0.06	0.04	0.04	0.20	0.04	0.01	0.00	0.00
Interest	0.11	0.00	0.02	0.03	0.03	0.03	0.04	0.03	0.04	0.01	0.00	0.00
Depreciation	0.88	0.11	0.00	0.01	0.01	0.02	0.02	0.04	0.05	0.01	0.00	0.00
Profit before tax	0.36	-0.96	0.03	-0.06	0.37	-0.06	-0.12	0.21	0.02	0.19	0.03	0.04
Tax %	58.33	-21.88	133.33	-16.67	27.03	-33.33	-25.00	23.81	100.00	15.79	33.33	50.00
Net Profit	0.15	-0.75	-0.01	-0.05	0.27	-0.04	-0.10	0.16	0.00	0.15	0.02	0.02
EPS in Rs	0.02	-0.16	0.00	-0.01	0.06	-0.01	-0.02	0.04	0.00	0.03	0.00	0.00
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	7.57	4.57	4.57	4.57	4.57	4.57	4.57	4.57	4.57	4.57	4.57	4.57
Reserves	0.70	-0.91	-0.18	-0.17	-0.12	-0.39	-0.36	-0.24	-0.40	-0.39	-0.54	-0.55
Borrowings	6.97	0.67	0.00	0.62	0.00	0.64	0.41	-1.11	0.29	0.00	0.00	0.00
Other Liabilities	6.50	4.67	2.06	0.22	0.23	0.10	1.35	1.59	0.76	1.53	0.00	0.02
Total Liabilities	21.74	9.00	6.45	5.24	4.68	4.92	5.97	4.81	5.22	5.71	4.03	4.04
Fixed Assets	3.83	4.00	0.08	0.02	0.03	0.04	0.05	0.08	1.48	1.64	1.61	1.62
CWIP	7.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.00
Other Assets	10.58	5.00	6.37	5.22	4.65	4.88	5.92	4.73	3.74	3.57	2.42	2.42
Total Assets	21.74	9.00	6.45	5.24	4.68	4.92	5.97	4.81	5.22	5.71	4.03	4.04

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-2.81	3.38	0.11	-0.05	0.06	-0.23	0.18	-1.42	-0.22	0.24	-0.38	0.41
Cash from Investing Activity	-8.01	-4.06	-0.20	0.00	0.00	0.00	0.00	1.51	0.14	-0.54	0.01	0.00
Cash from Financing Activity	10.66	0.67	-0.02	0.00	0.00	0.00	0.00	0.00	-0.04	0.00	0.00	0.00
Net Cash Flow	-0.16	-0.01	-0.11	-0.05	0.06	-0.23	0.18	0.08	-0.12	-0.31	-0.37	0.41
Free Cash Flow	-10.85	-0.64	0.06	-0.05	0.06	-0.23	0.18	-1.42	-0.22	0.20	-0.37	0.41
CFO/OP %	-228.00	-393.00	-550.00	100.00	17.00	460.00	-250.00	-1,762.00	-271.00	120.00	-1,267.00	1,025.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	31.16	49.49	50.53	3,597.86	323.42	1,123.08	531.97	247.46	50.66	74.02	0.00	0.00
Inventory Days	—	—	—	—	—	—	—	—	—	—	—	0.00
Cash Conversion Cycle	31.16	49.49	50.53	3,597.86	323.42	1,123.08	531.97	247.46	50.66	74.02	0.00	0.00
Working Capital Days	77.30	-84.84	99.49	16,164.29	1,432.28	4,127.31	1,102.77	1,125.93	93.96	97.50	931.22	595.92
ROCE %	4.80	-22.02	1.06	-0.63	8.63	-0.64	-2.04	2.34	1.39	4.87	0.75	1.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Public	99.99	100.00	100.00	100.01	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
No. of Shareholders	3,748	3,802	3,557	3,357	3,291	3,270	3,328	3,237	3,237	3,237	3,238	3,238