Shivagrico Implements (BSE 522237)₹19.76−1.69%Industrial Products
In the Mar 2026 quarter (standalone), Shivagrico Implements reported sales of ₹12.11 Cr, down 2.8% from Mar 2025, and net profit of ₹0.15 Cr, down 37.5% year on year. For the year to Mar 2026, sales were ₹47.20 Cr and net profit ₹0.40 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.78 | 11.53 | 10.56 | 11.76 | 8.09 | 10.95 | 12.05 | 12.46 | 11.79 | 11.18 | 12.51 | 12.11 |
| Expenses | 9.12 | 10.85 | 9.91 | 11.10 | 7.32 | 10.12 | 11.29 | 11.52 | 11.02 | 10.34 | 11.73 | 11.14 |
| Operating Profit | 0.65 | 0.67 | 0.64 | 0.69 | 0.76 | 0.82 | 0.77 | 0.95 | 0.76 | 0.83 | 0.77 | 0.98 |
| OPM % | 6.6% | 5.7% | 6.0% | 5.8% | 9.3% | 7.4% | 6.3% | 7.5% | 6.4% | 7.3% | 6.1% | 8.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.26 | 0.31 | 0.29 | 0.28 | 0.31 | 0.32 | 0.31 | 0.32 | 0.29 | 0.26 | 0.28 | 0.24 |
| Depreciation | 0.35 | 0.29 | 0.32 | 0.35 | 0.39 | 0.40 | 0.40 | 0.42 | 0.40 | 0.35 | 0.28 | 0.50 |
| Profit before tax | 0.02 | 0.05 | 0.01 | 0.04 | 0.04 | 0.08 | 0.04 | 0.19 | 0.05 | 0.20 | 0.19 | 0.22 |
| Tax % | 33.3% | 0.0% | 100.0% | 139.9% | 20.0% | 33.3% | 0.0% | −20.1% | 99.9% | 33.3% | 44.9% | 39.1% |
| Net Profit | 0.04 | 0.07 | −0.02 | −0.02 | 0.05 | 0.07 | 0.06 | 0.24 | 0.00 | 0.15 | 0.12 | 0.15 |
| EPS (Rs) | 0.07 | 0.13 | −0.03 | −0.03 | 0.09 | 0.13 | 0.11 | 0.47 | 0.00 | 0.29 | 0.23 | 0.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25.56 | 23.23 | 21.86 | 25.34 | 25.05 | 37.86 | 48.19 | 41.54 | 43.21 | 43.12 | 47.20 | 47.59 |
| Expenses | 23.71 | 21.57 | 20.86 | 24.73 | 23.60 | 35.97 | 45.37 | 39.33 | 41.00 | 40.24 | 44.28 | 44.23 |
| Operating Profit | 1.86 | 1.67 | 0.98 | 0.60 | 1.43 | 1.88 | 2.81 | 2.16 | 2.24 | 2.88 | 2.92 | 3.34 |
| OPM % | 7.2% | 7.2% | 4.4% | 2.3% | 5.7% | 4.9% | 5.8% | 5.2% | 5.1% | 6.6% | 6.2% | 7.0% |
| Other Income | 0.19 | 0.30 | 0.06 | 0.35 | 0.35 | 0.42 | 0.66 | 0.41 | 0.37 | 0.39 | 0.37 | 0.00 |
| Interest | 0.81 | 0.62 | 0.58 | 0.76 | 0.88 | 0.76 | 0.96 | 1.04 | 1.11 | 1.24 | 1.03 | 1.07 |
| Depreciation | 1.19 | 1.29 | 0.96 | 1.30 | 1.31 | 1.23 | 1.49 | 1.38 | 1.34 | 1.64 | 1.57 | 1.53 |
| Profit before tax | 0.04 | 0.05 | −0.49 | −1.10 | −0.40 | 0.30 | 1.01 | 0.14 | 0.15 | 0.38 | 0.68 | 0.66 |
| Tax % | 199.9% | 33.3% | −38.1% | −25.3% | 9.7% | 67.7% | 24.5% | 33.3% | 56.2% | 2.5% | 44.9% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | −0.06 | 0.05 | −0.32 | −0.84 | −0.46 | 0.11 | 0.78 | 0.11 | 0.08 | 0.39 | 0.40 | 0.42 |
| EPS (Rs) | −0.11 | 0.09 | −0.63 | −1.67 | −0.91 | 0.21 | 1.55 | 0.21 | 0.15 | 0.77 | 0.79 | 0.81 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Reserves | 2.75 | 2.70 | 2.76 | 2.46 | 1.62 | 1.08 | 1.18 | 2.11 | 2.27 | 2.38 | 2.85 | 3.27 |
| Borrowings | 8.17 | 9.91 | 9.52 | 11.01 | 12.87 | 13.48 | 18.30 | 18.41 | 17.02 | 19.20 | 15.88 | 17.60 |
| Other Liabilities | 1.95 | 2.94 | 2.85 | 2.58 | 2.78 | 3.50 | 3.15 | 2.44 | 3.80 | 2.11 | 2.33 | 2.36 |
| Total Liabilities | 17.87 | 20.55 | 20.13 | 21.05 | 22.27 | 23.06 | 27.63 | 27.96 | 28.09 | 28.69 | 26.06 | 28.23 |
| Fixed Assets | 7.95 | 7.96 | 6.57 | 8.84 | 8.50 | 7.68 | 7.74 | 9.38 | 9.10 | 10.93 | 10.02 | 9.32 |
| CWIP | 0.77 | 1.83 | 3.12 | 0.67 | 0.38 | 0.63 | 2.26 | 0.12 | 0.88 | 0.14 | 0.22 | 1.38 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 9.15 | 10.76 | 10.44 | 11.54 | 13.39 | 14.75 | 17.63 | 18.46 | 18.11 | 17.62 | 15.82 | 17.53 |
| Inventories | 6.59 | 6.86 | 7.59 | 8.63 | 8.63 | 10.04 | 11.49 | 11.04 | 12.31 | 11.69 | 11.97 | 13.58 |
| Trade receivables | 0.54 | 1.81 | 1.09 | 1.30 | 2.68 | 2.77 | 3.34 | 3.26 | 2.08 | 2.95 | 2.64 | 2.89 |
| Cash & equivalents | 0.15 | 0.12 | 0.17 | 0.17 | 0.15 | 0.15 | 0.27 | 1.06 | 2.06 | 1.58 | 0.18 | 0.10 |
| Total Assets | 17.87 | 20.55 | 20.13 | 21.05 | 22.27 | 23.06 | 27.63 | 27.96 | 28.09 | 28.69 | 26.06 | 28.23 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.47 | 1.20 | 2.30 | −0.16 | −0.50 | 1.07 | −1.07 | 2.58 | 5.20 | 0.85 | 3.85 | 1.24 |
| Cash from investing activity | −0.87 | −2.24 | −1.32 | −0.77 | −0.67 | −0.75 | −3.01 | −0.76 | −1.75 | −2.48 | −0.70 | −2.02 |
| Cash from financing activity | 0.42 | 1.00 | −0.99 | 0.92 | 1.13 | −0.32 | 4.08 | −0.81 | −2.42 | 1.09 | −4.55 | 0.70 |
| Net cash flow | 0.05 | −0.03 | −0.02 | 0.00 | −0.04 | 0.00 | 0.02 | 1.00 | 1.02 | −0.54 | −1.42 | −0.09 |
| Capex | 0.88 | 2.32 | 1.32 | 0.88 | 0.82 | 0.77 | 2.93 | 1.08 | 1.96 | 2.46 | 0.88 | 2.17 |
| Free cash flow | −0.42 | −1.07 | 1.03 | −0.93 | −1.18 | 0.32 | −3.99 | 1.61 | 3.44 | −1.61 | 3.16 | −0.81 |
| CFO / OP % | 27.9% | 70.0% | 136.9% | −6.0% | −83.1% | 74.9% | −57.1% | 91.9% | 239.9% | 37.9% | 136.9% | 42.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 8 | 26 | 17 | 22 | 39 | 41 | 32 | 25 | 18 | 25 | 22 | 22 |
| Inventory days | 171 | 171 | 209 | 261 | 199 | 257 | 181 | 139 | 159 | 148 | 173 | 168 |
| Days payable | 17 | 8 | 44 | 48 | 43 | 63 | 33 | 15 | 36 | 8 | 11 | 6 |
| Cash conversion cycle | 162 | 188 | 181 | 235 | 194 | 233 | 180 | 148 | 140 | 165 | 184 | 184 |
| Working capital days | −4 | −8 | −3 | −17 | −15 | −25 | −16 | 6 | −11 | −14 | 3 | 3 |
| ROCE % | 5.2% | 5.0% | 3.8% | 0.3% | −1.9% | 2.4% | 4.8% | 7.8% | 4.3% | 4.9% | 5.8% | 6.9% |
For the Mar 2026 quarter, Shivagrico Implements reported sales of ₹12.11 Cr, down 2.8% year on year and net profit of ₹0.15 Cr, down 37.5% year on year. The operating margin was 8.0%.
Shivagrico Implements' sales for the year to Mar 2026 were ₹47.20 Cr; over the last twelve months they were ₹47.59 Cr.
Net profit for the year to Mar 2026 was ₹0.40 Cr, and ₹0.42 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.81.
Shivagrico Implements reported borrowings of ₹17.60 Cr at Mar 2026, against cash and equivalents of ₹0.10 Cr.
Cash from operations was ₹1.24 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.81 Cr.