Shivalik Rasayan Key Ratios
NSE: SHIVALIK | BSE: 539148
₹408.45
As on 25-Sep-2026IST
Market cap
₹654 Cr
Revenue (TTM)
₹375 Cr
P/E Ratio
47.9
P/B Ratio
1.2
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -6.30 | 7.87 | 14.88 | 15.87 | 13.18 |
| EBIT | -18.07 | 9.83 | 11.69 | -3.87 | -4.33 |
| Net Profit | -24.82 | 112.63 | -8.93 | -8.34 | -9.11 |
| EPS | -24.82 | 112.49 | -9.64 | -10.86 | -11.51 |
| Book Value | -- | -- | 0.66 | 6.46 | 12.93 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 11.08 | 11.32 | 7.36 | 7.70 | 8.06 |
| Net Margin
| 7.67 | 9.29 | 5.18 | 4.83 | 6.91 |
| Return on equity
| 2.94 | 9.05 | 2.31 | 5.21 | 6.55 |
| Return on Capital
| 3.97 | 10.00 | -- | 7.06 | 7.69 |
| Return on Assets
| 2.16 | 4.40 | 2.53 | 2.33 | 3.13 |
| Debt to Equity (x)
| -- | -- | 0.04 | 0.35 | 0.30 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
7.06
|
7.69
|
8.41
|
11.10
|
|
Peer Median
|
--
|
6.26
|
27.42
|
27.42
|
22.93
|
ROE
2.31
Lower than Peers by 4.90
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
2.31
|
5.21
|
6.55
|
6.08
|
11.34
|
|
Peer Median
|
7.20
|
4.67
|
20.93
|
20.93
|
17.02
|
ROA
2.53
Lower than Peers by 4.18
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
2.53
|
2.33
|
3.13
|
2.87
|
5.62
|
|
Peer Median
|
6.71
|
4.03
|
6.38
|
11.87
|
7.52
|
EBIT Margin
7.36
Lower than Peers by 11.35
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
7.36
|
7.70
|
8.06
|
10.35
|
13.58
|
|
Peer Median
|
18.71
|
17.77
|
12.09
|
13.22
|
34.29
|
Net Margin
5.18
Lower than Peers by 16.32
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
5.18
|
4.83
|
6.91
|
6.55
|
12.48
|
|
Peer Median
|
21.50
|
14.83
|
12.78
|
14.11
|
13.68
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
9.98
|
12.16
|
11.18
|
17.67
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
14.88
Higher than Peers by 13.59
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
14.88
|
18.04
|
14.21
|
16.44
|
9.17
|
|
Peer Median
|
1.30
|
30.67
|
12.46
|
24.75
|
44.61
|
EBIT Growth
11.69
Higher than Peers by 45.64
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
11.69
|
12.80
|
-11.13
|
-11.24
|
-12.33
|
|
Peer Median
|
-33.95
|
48.83
|
-0.77
|
8.44
|
469.65
|
Net Profit Growth
-8.93
Higher than Peers by 17.61
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
-8.93
|
-18.80
|
22.06
|
-39.23
|
-12.93
|
|
Peer Median
|
-26.54
|
3.40
|
-6.11
|
-12.18
|
2,675.03
|
EPS Growth
-9.64
Higher than Peers by 19.50
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
-9.64
|
-32.62
|
42.97
|
-42.92
|
-18.97
|
|
Peer Median
|
-29.14
|
5.32
|
-3.16
|
0.05
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
0.66
|
3.65
|
25.70
|
0.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.04
Higher than Peers by 0.04
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
0.04
|
0.35
|
0.30
|
0.26
|
0.25
|
|
Peer Median
|
0.00
|
0.00
|
0.12
|
0.15
|
0.02
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
0.20
|
0.19
|
0.13
|
0.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.01
Lower than Peers by 4.30
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
2.01
|
2.01
|
1.77
|
1.85
|
1.82
|
|
Peer Median
|
6.31
|
4.34
|
1.19
|
1.10
|
1.59
|
Quick Ratio
1.24
Lower than Peers by 4.83
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
1.24
|
1.24
|
1.11
|
1.28
|
1.34
|
|
Peer Median
|
6.06
|
6.06
|
1.20
|
1.20
|
4.22
|
Interest Coverage
3.54
Lower than Peers by 182.82
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
3.54
|
2.96
|
4.02
|
3.60
|
7.53
|
|
Peer Median
|
186.35
|
59.70
|
22.16
|
22.16
|
22.79
|
Operating Efficiency
Debtors to sales
30.70
Higher than Peers by 30.21
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
30.70
|
31.29
|
30.83
|
31.78
|
36.16
|
|
Peer Median
|
0.49
|
0.45
|
3.50
|
4.01
|
39.38
|
Asset Turnover
0.48
Higher than Peers by 0.18
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
0.48
|
0.48
|
0.44
|
0.43
|
0.44
|
|
Peer Median
|
0.31
|
0.31
|
0.33
|
0.31
|
1.21
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
104.77
|
107.04
|
114.67
|
120.48
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
131.21
|
128.50
|
118.21
|
88.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
141.65
|
134.84
|
153.66
|
192.82
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
94.33
|
100.70
|
79.22
|
15.73
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
47.85
Higher than Peers by 16.16
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
47.85
|
28.17
|
53.60
|
70.67
|
46.96
|
|
Peer Median
|
31.69
|
31.69
|
47.36
|
49.87
|
71.48
|
Price / Book Value
1.21
Lower than Peers by 0.53
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
1.21
|
1.01
|
2.87
|
2.71
|
3.69
|
|
Peer Median
|
1.74
|
1.74
|
3.09
|
3.43
|
9.00
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
--
|
--
|
0.08
|
0.09
|
0.07
|
|
Peer Median
|
0.39
|
0.39
|
--
|
--
|
0.23
|
EV/EBITDA
14.73
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
14.73
|
8.55
|
21.61
|
21.22
|
20.97
|
|
Peer Median
|
--
|
34.13
|
57.72
|
61.99
|
110.69
|
Market Cap
654
Lower than Peers by 2,577
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shivalik Rasayan
|
654
|
349
|
986
|
899
|
974
|
|
Peer Median
|
3,231
|
3,231
|
7,213
|
6,898
|
7,370
|