About
Shivalik Rasayan Limited produces and sells chemicals for the protection of plants in India. The company offers Dimethoate technical used in the preparation of formulations for use in the control of various insects and mites; and Malathion technical, an organophosphorus based contact insecticide used in the agricultural production of various food/feed crops. It also provides insecticides, such as CHLORANTRANILIPROLE, CHLOREFENAPYR, PYMETROZINE, NOVALURON, and BIFENTHRIN; and fungicides, including AZOXYSTROBIN, TRIFLOXYSTOBIN, and KRESOXIM-METHYL products. It also manufactures organophosphorus-based insecticides and chemicals. In addition, it develops and manufactures active pharmaceutical ingredients in oncology, ARVs, cardiovascular, metabolic disorders, and immunology; and manufactures oncology and non-oncology products. Further, the company offers custom manufacturing of chemicals. The company was incorporated in 1979 and is based in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap515 Cr
P/E37.70
Div Yield0.15 %
Book Value₹380.00
52w High₹496.00
52w Low₹206.00
Face Value₹5.00
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 | 48.44 | 42.17 | 35.13 | 46.67 | 46.26 | 39.78 | 40.16 | 37.70 | 31.58 | 23.92 | 23.73 | 23.51 | 22.52 |
| Expenses | 41.58 | 35.19 | 29.18 | 39.79 | 39.90 | 32.41 | 33.55 | 31.25 | 25.65 | 20.39 | 19.76 | 18.49 | 18.10 |
| Operating Profit | 6.86 | 6.98 | 5.95 | 6.88 | 6.36 | 7.37 | 6.61 | 6.45 | 5.93 | 3.53 | 3.97 | 5.02 | 4.42 |
| OPM % | 14.16 | 16.55 | 16.94 | 14.74 | 13.75 | 18.53 | 16.46 | 17.11 | 18.78 | 14.76 | 16.73 | 21.35 | 19.63 |
| Other Income | 0.10 | 0.18 | 0.64 | 0.02 | 0.13 | 0.48 | 1.46 | 0.06 | 0.05 | 0.93 | 0.67 | 0.01 | 0.04 |
| Depreciation | 2.63 | 2.43 | 3.24 | 2.87 | 3.01 | 2.30 | 2.63 | 2.05 | 1.72 | 1.34 | 1.21 | 1.62 | 1.12 |
| Interest | 1.25 | 2.07 | 1.34 | 1.23 | 1.46 | 2.06 | 1.50 | 1.41 | 1.21 | 0.72 | 0.93 | 1.06 | 0.52 |
| Profit before tax | 3.08 | 2.66 | 2.01 | 2.80 | 2.02 | 3.49 | 3.94 | 3.05 | 3.05 | 2.40 | 2.50 | 2.35 | 2.82 |
| Tax % | 13.96 | -2.26 | -1.00 | 21.43 | 39.11 | 4.58 | -1.78 | -13.11 | -0.66 | -6.67 | 7.60 | 50.21 | 10.28 |
| Net Profit | 2.66 | 2.73 | 2.03 | 2.19 | 1.22 | 3.33 | 4.02 | 3.46 | 3.07 | 2.56 | 2.31 | 1.17 | 2.53 |
| EPS in Rs | 1.69 | 1.73 | 1.29 | 1.39 | 0.77 | 2.11 | 2.58 | 2.22 | 1.97 | 1.65 | 1.48 | 0.75 | 1.70 |
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 | 170.00 | 149.00 | 94.00 | 94.00 | 99.00 | 85.00 | 61.00 | 48.00 | 44.00 | 41.00 | 43.00 | 41.00 |
| Expenses | 144.00 | 123.00 | 77.00 | 74.00 | 76.00 | 66.00 | 51.00 | 42.00 | 36.00 | 34.00 | 38.00 | 38.00 |
| Operating Profit | 26.00 | 26.00 | 17.00 | 19.00 | 23.00 | 19.00 | 9.00 | 6.00 | 7.00 | 7.00 | 5.00 | 3.00 |
| OPM % | 15.00 | 18.00 | 18.00 | 20.00 | 23.00 | 22.00 | 16.00 | 13.00 | 17.00 | 17.00 | 11.00 | 7.00 |
| Other Income | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 0.00 | 1.00 | 4.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Interest | 6.00 | 6.00 | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 0.00 |
| Depreciation | 12.00 | 9.00 | 5.00 | 5.00 | 5.00 | 6.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 9.00 | 14.00 | 10.00 | 15.00 | 19.00 | 13.00 | 9.00 | 9.00 | 6.00 | 5.00 | 4.00 | 3.00 |
| Tax % | 14.00 | -3.00 | 15.00 | -3.00 | -3.00 | -1.00 | 0.00 | -3.00 | 19.00 | 33.00 | 33.00 | 33.00 |
| Net Profit | 8.00 | 14.00 | 9.00 | 15.00 | 19.00 | 13.00 | 9.00 | 9.00 | 5.00 | 3.00 | 3.00 | 2.00 |
| EPS in Rs | 5.19 | 8.81 | 5.55 | 10.42 | 13.36 | 9.20 | 6.35 | 6.47 | 4.84 | 3.84 | 3.10 | 2.10 |
| Dividend Payout % | 10.00 | 6.00 | 9.00 | 5.00 | 4.00 | 5.00 | 4.00 | 8.00 | 8.00 | 10.00 | 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 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 4.00 | 3.00 | 3.00 | 3.00 |
| Reserves | 397.00 | 390.00 | 366.00 | 284.00 | 266.00 | 173.00 | 161.00 | 153.00 | 42.00 | 14.00 | 10.00 | 8.00 |
| Borrowings | 66.00 | 71.00 | 55.00 | 40.00 | 15.00 | 11.00 | 0.00 | 9.00 | 8.00 | 14.00 | 11.00 | 0.00 |
| Other Liabilities | 57.00 | 43.00 | 42.00 | 34.00 | 29.00 | 31.00 | 18.00 | 10.00 | 7.00 | 7.00 | 12.00 | 11.00 |
| Total Liabilities | 528.00 | 512.00 | 471.00 | 365.00 | 318.00 | 223.00 | 186.00 | 178.00 | 61.00 | 38.00 | 37.00 | 23.00 |
| Fixed Assets | 250.00 | 250.00 | 122.00 | 126.00 | 128.00 | 120.00 | 18.00 | 16.00 | 15.00 | 8.00 | 8.00 | 7.00 |
| CWIP | 0.00 | 0.00 | 117.00 | 57.00 | 3.00 | 0.00 | 61.00 | 11.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 81.00 | 74.00 | 73.00 | 65.00 | 55.00 | 53.00 | 39.00 | 27.00 | 27.00 | 18.00 | 16.00 | 0.00 |
| Other Assets | 197.00 | 188.00 | 159.00 | 117.00 | 131.00 | 49.00 | 68.00 | 124.00 | 19.00 | 12.00 | 13.00 | 16.00 |
| Total Assets | 528.00 | 512.00 | 471.00 | 365.00 | 318.00 | 223.00 | 186.00 | 178.00 | 61.00 | 38.00 | 37.00 | 23.00 |
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 | -1.00 | -1.00 | -1.00 | -13.00 | 7.00 | 46.00 | -7.00 | -12.00 | -2.00 | 4.00 | 6.00 | 4.00 |
| Cash from Investing Activity | -18.00 | -20.00 | -69.00 | -65.00 | -16.00 | -61.00 | -65.00 | -9.00 | -16.00 | -2.00 | -17.00 | 0.00 |
| Cash from Financing Activity | -2.00 | 22.00 | 83.00 | 21.00 | 76.00 | 10.00 | -9.00 | 104.00 | 19.00 | -2.00 | 7.00 | 1.00 |
| Net Cash Flow | -21.00 | 1.00 | 13.00 | -57.00 | 66.00 | -5.00 | -81.00 | 83.00 | 2.00 | 1.00 | -4.00 | 4.00 |
| Free Cash Flow | -13.00 | -22.00 | -63.00 | -69.00 | -9.00 | -1.00 | -60.00 | -25.00 | -8.00 | 4.00 | 5.00 | 3.00 |
| CFO/OP % | -2.00 | 1.00 | -1.00 | -53.00 | 43.00 | 258.00 | -56.00 | -178.00 | 0.00 | 87.00 | 128.00 | 135.00 |
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 | 71.00 | 67.00 | 123.00 | 76.00 | 25.00 | 70.00 | 49.00 | 66.00 | 64.00 | 47.00 | 61.00 | 80.00 |
| Inventory Days | 324.00 | 268.00 | 328.00 | 256.00 | 97.00 | 45.00 | 33.00 | 82.00 | 36.00 | 22.00 | 14.00 | 5.00 |
| Days Payable | 168.00 | 114.00 | 102.00 | 154.00 | 108.00 | 119.00 | 166.00 | 92.00 | 66.00 | 76.00 | 139.00 | 126.00 |
| Cash Conversion Cycle | 227.00 | 220.00 | 348.00 | 178.00 | 14.00 | -4.00 | -83.00 | 56.00 | 34.00 | -8.00 | -64.00 | -41.00 |
| Working Capital Days | 114.00 | 70.00 | 163.00 | 129.00 | 58.00 | 4.00 | 202.00 | 154.00 | 38.00 | -37.00 | -47.00 | -11.00 |
| ROCE % | 3.00 | 4.00 | 4.00 | 5.00 | 8.00 | 7.00 | 6.00 | 9.00 | 18.00 | 25.00 | 28.00 | 29.00 |
Corporate Actions
11 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Sep 2025 | 20 Sep 2025 | — | 0.50 | |
| Dividend | 20 Sep 2024 | — | — | 0.50 | |
| Dividend | 22 Sep 2023 | — | — | 0.50 | |
| Dividend | 21 Sep 2022 | — | — | 0.50 | |
| Dividend | 17 Sep 2021 | — | — | 0.50 | |
| Dividend | 18 Sep 2020 | — | — | 0.25 | |
| Dividend | 20 Sep 2019 | — | — | 0.50 | |
| Dividend | 19 Sep 2018 | — | — | 0.50 | |
| Split | 19 Apr 2018 | 20 Apr 2018 | 10:5 | — | |
| Bonus | 19 Apr 2018 | 20 Apr 2018 | 1:4 | — | |
| Dividend | 04 Sep 2017 | — | — | 1.00 |