Shivalik Rasayan Ltd (SHIVALIK) AI Stock Analysis

• Market Cap: ₹3.73B
• Dividend Yield: 0.13%
• Average Volume (3M): 1.25K
• Price to Earnings (P/E): 51.2
• Beta (1Y): 0.82
• Revenue Growth: 13.17%
• EPS Growth: -0.02%
• Country: IN
• Employees: 267
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): 1.73
• 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: ₹249.00 ▼(-30.59% Downside)
• Action: Reiterated Date: 03/26/26
• Date: Action: Reiterated 03/26/26

The score is primarily supported by solid revenue growth and a strengthening equity base, but it is held back by weak cash flow quality and deteriorating net margin trends. Technical indicators also point to a sustained downtrend, and valuation looks demanding given the high P/E and very low dividend yield.

Positive Factors

Consistent revenue growth

Sustained top-line growth across years and a notable revenue increase from 2024 to 2025 indicate persistent demand for the company's chemical products. Durable revenue expansion supports capacity utilization, scale economics, and provides a base for reinvestment and product development over the medium term.

Negative Factors

Negative operating cash flow

Persistent negative operating and free cash flows signal weak cash conversion of earnings and constrain internal funding for capex, debt repayment, or dividends. Over months this forces reliance on external financing or equity, increasing financing risk if profitability does not translate into cash.

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 ...

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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 ...

How the Company Makes Money

Shivalik Rasayan Ltd primarily makes money by selling chemical products it manufactures (chemical intermediates and specialty chemicals) to customers, with revenue recognized from product sales. Key drivers typically include volumes sold, product ...

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Shivalik Rasayan Ltd primarily makes money by selling chemical products it manufactures (chemical intermediates and specialty chemicals) to customers, with revenue recognized from product sales. Key drivers typically include volumes sold, product ...

Shivalik Rasayan Ltd Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.38B	3.12B	2.73B	2.34B	2.07B	1.96B
Gross Profit	1.30B	805.70M	1.33B	1.20B	533.21M	680.77M
EBITDA	503.80M	485.11M	461.64M	493.13M	534.26M	411.80M
Net Income	140.50M	166.96M	127.17M	212.35M	256.06M	176.02M
Balance Sheet
Total Assets	8.04B	7.34B	6.92B	5.78B	4.88B	3.63B
Cash, Cash Equivalents and Short-Term Investments	468.39M	279.69M	377.38M	306.71M	707.58M	47.73M
Total Debt	1.00B	938.83M	859.67M	655.12M	411.22M	301.48M
Total Liabilities	2.18B	1.98B	1.85B	1.59B	1.24B	1.03B
Stockholders Equity	5.87B	5.36B	3.90B	3.10B	2.87B	1.79B
Cash Flow
Free Cash Flow	-267.77M	-294.37M	-757.31M	-821.81M	-138.32M	-64.92M
Operating Cash Flow	-168.43M	-86.05M	-80.75M	-189.49M	111.34M	587.69M
Investing Cash Flow	-157.64M	-208.31M	-743.08M	-707.72M	-233.56M	-790.95M
Financing Cash Flow	514.76M	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: Positive
• 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 above the 20-day moving average (MA) of 252.39, above the 50-day MA of 279.97, and below the 200-day MA of 414.66, indicating a bearish trend. The MACD of -16.50 indicates Positive momentum. The RSI at 41.46 is Neutral, neither overbought nor oversold. The STOCH value of 45.85 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
BHAGERIA	69 Neutral	₹6.44B	17.61	―	0.81%	33.39%	85.08%
SHREEPUSHK	62 Neutral	₹10.04B	17.66	―	0.52%	28.67%	50.12%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ZUARI	57 Neutral	₹8.47B	8.74	―	―	23.32%	447.31%
SHIVALIK	54 Neutral	₹3.73B	51.21	―	0.13%	13.17%	-0.02%
BODALCHEM	52 Neutral	₹6.94B	697.51	―	―	15.56%	2114.71%
HERANBA	49 Neutral	₹7.07B	-10.64	―	0.39%	―	―