Shivalik Rasayan Ltd (SHIVALIK) AI Stock Analysis

• Market Cap: ₹5.52B
• Dividend Yield: 0.13%
• Average Volume (3M): 1.25K
• Price to Earnings (P/E): 38.8
• Beta (1Y): 0.84
• Revenue Growth: 13.17%
• EPS Growth: -0.02%
• Country: IN
• Employees: 267
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): 1.96
• Shares Outstanding: 15,750,365
• 10 Day Avg. Volume: 987
• 30 Day Avg. Volume: 1,247
• PEG Ratio: 2.26
• Price to Book (P/B): 1.90
• Price to Sales (P/S): 3.26
• P/FCF Ratio: -34.52
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: ₹523.00 ▲(45.78% Upside)

Shivalik Rasayan Ltd's overall stock score is primarily influenced by its strong revenue growth and solid equity base, which are offset by weak technical indicators and valuation concerns. The stock is currently under bearish pressure, with significant challenges in cash flow management and a high P/E ratio indicating potential overvaluation.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust demand for Shivalik's products, enhancing its market position and long-term financial prospects.

Equity Base

A strong equity base provides financial stability and flexibility, enabling the company to invest in growth opportunities and withstand economic fluctuations.

Product Innovation

Innovation in product development can lead to advanced formulations, enhancing competitive advantage and opening new markets, supporting long-term growth.

Negative Factors

Cash Flow Management

Persistent cash flow issues can hinder the company's ability to fund operations and growth initiatives, posing a risk to financial sustainability.

Net Profit Margin Volatility

Volatile profit margins suggest challenges in cost control or pricing power, potentially impacting long-term profitability and shareholder returns.

Rising Debt Levels

Rising debt levels could strain financial resources and limit strategic flexibility, increasing risk if not managed effectively.

Shivalik Rasayan Ltd Business Overview & Revenue Model

Company Description

Shivalik Rasayan Ltd. engages in the manufacture of pharmaceutical and agrochemical products. Its products include organophosphorous based insecticides and chemicals. The company was founded by Rahul Bishnoi on March 16, 1979 and is headquartered in New Delhi, India.

How the Company Makes Money

Shivalik Rasayan Ltd generates revenue through the sale of its specialty chemicals, particularly in the agrochemical segment. The company’s revenue model is primarily based on the production and distribution of its core products, which are sold to various agricultural stakeholders such as farmers, distributors, and agribusinesses. Key revenue streams include the sale of branded products, bulk chemicals, and contract manufacturing services for other companies. Additionally, SHIVALIK benefits from strategic partnerships with agricultural cooperatives and distributors, which help expand its market reach and enhance sales. The company's focus on innovation and product development also plays a significant role in driving new revenue opportunities through the introduction of advanced and effective chemical formulations.

Shivalik Rasayan Ltd Financial Statement Overview

Summary

Shivalik Rasayan Ltd shows strong revenue growth and a solid equity base, which are positive indicators for future potential. However, challenges in net profit margin and cash flow management present areas of concern that need addressing to enhance financial stability and performance.

Income Statement

Shivalik Rasayan Ltd has shown consistent revenue growth over the years, with a notable increase in total revenue from 2024 to 2025. The gross profit margin has been strong, indicating good cost management. However, the net profit margin has shown some volatility, with a decrease from 2023 to 2025, pointing to increased expenses or lower efficiency in recent years. EBIT and EBITDA margins are relatively stable, supporting operational profitability.

Balance Sheet

The company's balance sheet displays a solid equity position, with stockholders' equity increasing over the years. The debt-to-equity ratio remains manageable, although there has been an increase in total debt from 2023 to 2025. The equity ratio indicates a strong reliance on equity financing, which is a positive sign for stability. However, rising debt levels could pose a risk if not managed properly.

Cash Flow

Shivalik Rasayan Ltd faces challenges in cash flow management, evident from negative operating and free cash flows over recent years. The free cash flow growth rate has been negative, indicating cash outflow issues. The company needs to improve cash flow from operations to ensure better financial health and sustainability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.26B	3.12B	2.73B	2.34B	2.07B	1.96B
Gross Profit	1.42B	805.70M	1.33B	1.20B	533.21M	680.77M
EBITDA	500.72M	485.11M	461.64M	493.13M	534.26M	411.80M
Net Income	150.13M	166.96M	127.17M	212.35M	256.06M	176.02M
Balance Sheet
Total Assets	0.00	7.34B	6.92B	5.78B	4.88B	3.63B
Cash, Cash Equivalents and Short-Term Investments	279.69M	279.69M	377.38M	306.71M	707.58M	47.73M
Total Debt	0.00	938.83M	859.67M	655.12M	411.22M	301.48M
Total Liabilities	-5.36B	1.98B	1.85B	1.59B	1.24B	1.03B
Stockholders Equity	5.36B	5.36B	3.90B	3.10B	2.87B	1.79B
Cash Flow
Free Cash Flow	0.00	-294.37M	-757.31M	-821.81M	-138.32M	-64.92M
Operating Cash Flow	0.00	-86.05M	-80.75M	-189.49M	111.34M	587.69M
Investing Cash Flow	0.00	-208.31M	-743.08M	-707.72M	-233.56M	-790.95M
Financing Cash Flow	0.00	196.69M	894.49M	496.34M	782.07M	19.83M

Shivalik Rasayan Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 358.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHIVALIK, the sentiment is Negative. The current price of 358.75 is below the 20-day moving average (MA) of 363.51, below the 50-day MA of 393.93, and below the 200-day MA of 497.95, indicating a bearish trend. The MACD of -10.95 indicates Negative momentum. The RSI at 34.93 is Neutral, neither overbought nor oversold. The STOCH value of 41.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHIVALIK.

Shivalik Rasayan Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZUARI	74 Outperform	₹12.76B	1.30	―	―	23.32%	447.31%
SHREEPUSHK	68 Neutral	₹10.92B	15.25	―	0.52%	28.67%	50.12%
BHAGERIA	63 Neutral	₹7.44B	14.60	―	0.81%	33.39%	85.08%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SHIVALIK	54 Neutral	₹5.52B	38.84	―	0.13%	13.17%	-0.02%
BODALCHEM	52 Neutral	₹6.28B	17.71	―	―	15.56%	2114.71%
HERANBA	44 Neutral	₹8.89B	-18.90	―	0.39%	―	―