Shivalik Rasayan logo

Shivalik Rasayan share price

NSE: SHIVALIKBSE: 539148Fertilizers & AgrochemicalsSmall Cap

Last close ₹306.50down ₹12.00 (3.77%)BSE ₹305.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹318.50.

52-week range of traded prices to 23 Oct 2026
₹206.40Low, 25 Jun 2026₹471.00High, 31 Oct 2025
Market cap
₹491 Cr1,927th largest listed
P/E
35.9
P/B
0.8
Dividend yield
0.16%
ROE
2.4%
ROCE
3.9%
Debt to equity
0.19
Volume, NSE
1,21,29550.4% delivered

Share price

Daily closes since Apr 2018, BSE closes Jun 2015 to Dec 2021, adjusted for splits and bonuses. Earlier closes are left out: on 19 Apr 2018 the price changed in a way no corporate action on record explains.

−26.9%over a year

Results20-session average 60,806 shares a day, 49.9% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 14 Aug

Revenue
₹96 Crdown 6.30%
Net profit
₹4.50 Crdown 37.25%
Net margin
4.7%

Revenue by year

Peak revenue ₹368 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2024Filed 15 NovDec 2024Filed 11 FebMar 2025Filed 13 JunJun 2025Filed 12 AugSep 2025Filed 14 NovDec 2025Filed 13 FebMar 2026Filed 27 MayJun 2026Filed 14 Aug
Revenue82856989948210396
Net profit47534475
Net margin5.4%7.8%7.5%3.2%4.6%4.5%7.0%4.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Pharma Formulation₹198 Crup 21.67%55.2%
  • Agrochemicals₹151 Crup 6.73%42.2%
  • Active Pharma Ingredient (API)₹9 Crup 41.30%2.5%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.PE ratio and valuation history

Price to book

At or below today's level on 8% of 1,821 trading days since Nov 2018.

LowestHighest
Its median2.4Industry median1.8
EV to EBITDA12.4

At or below today's level on 11% of 1,099 trading days over the last 5 years.

LowestHighest
Its median23.3Industry median10.2
Dividend yield

At or below today's level on 94% of 2,411 trading days over the last 10 years.

LowestHighest
Its median0.00%Industry median0.66%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−64.8%−27.3%−51.9%0.2%
3 years−30.8%−19.9%−13.7%0.1%
5 years−20.7%−9.8%−12.2%0.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters46.54%
  • Foreign institutions0.72%
  • Indian institutions0.01%
  • Individuals and others52.73%
Holder
Growel Remedies LimitedPromoter46.54%
Ginnerup Capital ApSForeign companies3.16%
ERIC AARESTRUP SORENSENForeign nationals2.09%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

The filing reports 83,27,393 of its 1,60,32,365 shares locked in.

Peers and competitors

Pesticides & Agrochemicals, 34 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Shivalik Rasayan in market cap. 1 company in the table last traded before then: its row is priced on its last trade.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Advance Agrolife logoAdvance AgrolifeADVANCE87717.92.811.0––15.8%17.3%0.00%
Dharmaj Crop Guard logoDharmaj Crop GuardDHARMAJ80813.41.88.7––14.3%15.1%0.00%
Heranba Industries logoHeranba IndustriesHERANBA589–0.813.0−2.6%–−9.4%−0.9%0.00%
Best Agrolife logoBest AgrolifeBESTAGRO52417.70.76.5−24.1%−56.8%3.9%7.6%0.68%
Mahamaya Lifesciences logoMahamaya LifesciencesMAHALIFE39123.73.2–––13.6%–0.00%
Indogulf Cropsciences logoIndogulf CropsciencesIGCL3719.60.87.3––10.5%9.7%0.00%
Sikko Industries logoSikko IndustriesSIKKO21936.22.529.8––7.2%7.1%0.00%
Crop Life Science logoCrop Life ScienceCLSL12819.61.510.0+3.3%+16.0%8.0%9.1%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹0.50 a share, in 5 years, the latest the year to Mar 2026.
Ex-dateTypePer share
21 Sep 2026Final₹0.50
19 Sep 2025Final₹0.50
20 Sep 2024Final₹0.50
22 Sep 2023Final₹0.50
21 Sep 2022Final₹0.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Shivalik Rasayan share price by year

Each calendar year to 2025.Shivalik Rasayan share price history

YearClose at year endChangeHighest closeLowest close
2025354.90−53.7%850.65354.90
2024765.70+2.9%849.45504.30
2023743.85−2.6%873.40608.95
2022764.00−27.2%1,167.40687.15
2021BSE close1,048.90+114.3%1,101.50453.00
2020BSE close489.40+81.2%532.85193.90
2019BSE close270.10−2.4%304.90180.20
2018BSE close276.70–379.00269.35
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 19 Apr 2018.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026313.30314.95297.40306.50304.891,21,29550.4%
22 Oct 2026315.15330.25298.85318.50320.1874,84845.7%
21 Oct 2026323.60330.10306.40312.20316.0565,46658.3%
19 Oct 2026341.80341.80325.05326.30331.1839,33957.6%
16 Oct 2026341.00356.30339.00341.80345.7431,22447.9%
15 Oct 2026355.90355.90340.50344.05348.7018,66753.8%
14 Oct 2026356.00359.95351.85357.75355.9724,91950.7%
13 Oct 2026360.00360.00342.15356.45349.5423,33949.9%
12 Oct 2026353.30357.90344.15355.05352.9040,94949.6%
9 Oct 2026351.95353.90343.40349.45348.8835,15750.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
19 Apr 2018Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

Legal name
Shivalik Rasayan Limited
NSE symbol
SHIVALIK
BSE code
539148
ISIN
INE788J01021
Industry
Fertilizers & Agrochemicals
Listed
May 2015 on BSE, Dec 2021 on NSE
Face value
₹5
CIN
L24237UR1979PLC005041
Corporate identity number, the registrar of companies' code for it