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    Producer manufacturing

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    Metal fabrication
Shivagrico Implements Limited

Shivagrico Implements Limited

BBSE:SHIVAGR
19.98
INR
+0.11
(+0.55%)
0.89EPS
27.04P/E
120.33MMarket Cap
Shivagrico Implements Limited
BSE:SHIVAGR
(Bombay Stock Exchange)

Recent

price

19.98

P/E

ratio

27.04

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
47.22
48.7
60.24
52.19
48.39
50.94
48.01
42.12
47.57
47.45
71.46
89.07
77.19
80.58
81.57
88.45
93.58
Revenue per Share
1.31
1.51
0.56
0.18
0.1
-0.1
0.08
-0.62
-1.66
-0.89
0.2
1.53
0.2
0.14
0.75
0.77
0.89
Basic EPS, GAAP
-0.93
1.48
0.85
-0.13
-0.81
-2.24
1.95
-2.04
-2.58
0.61
-7.94
2.98
6.43
-3.22
5.92
-1.86
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
12.14
14.69
15.25
15.43
15.5
15.47
15.52
14.92
13.25
12.18
12.38
14.22
14.56
14.77
15.7
16.54
- -
Book Value per Share
12.14
14.69
15.25
15.43
15.49
15.46
15.52
14.92
13.24
12.17
12.38
14.22
14.55
14.77
15.69
16.53
- -
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
Basic Weighted Avg Shares
238
244
302
262
243
255
241
211
238
238
358
447
387
404
409
444
471
Sales/Revenue/Turnover
6.33
6.77
2.99
2.72
2.94
2.54
1.66
- -
-2.47
0.99
2.56
3.3
2.12
2.4
3.12
3.28
3.64
Operating Margin (%)
9
8
8
10
10
12
13
10
13
13
12
15
14
14
16
16
16
Depreciation Expense
7
8
3
1
- -
- -
- -
-3
-8
-4
1
8
1
1
4
4
4
Net Income, GAAP
31.67
33.13
6.92
29.67
31.38
201.94
31.21
- -
- -
- -
68.46
25.11
32.67
56.48
3.1
44.29
37.31
Effective Tax Rate (%)
2.77
3.11
0.94
0.34
0.21
-0.2
0.17
-1.48
-3.5
-1.88
0.28
1.72
0.26
0.17
0.92
0.87
0.95
Profit Margin (%)
13
3
-7
-1
-1
-6
- -
-9
-9
-16
-14
19
8
-1
5
5
- -
Working Capital
13
6
3
11
9
7
12
8
12
8
20
36
30
28
21
19
- -
LT Debt
61
74
76
77
78
78
78
75
66
61
62
71
73
74
79
83
- -
Total Equity
4.94
5.52
1.9
0.45
-0.02
0.91
-1.02
- -
- -
- -
1.32
4.63
2.51
1.68
5.51
3.27
- -
Return on Invested Capital (%)
8.37
8.68
6.58
3.79
3.65
-4.78
2.34
- -
- -
- -
1.49
5.83
3.09
2.11
6.13
3.81
- -
Return on Capital (%)
11.37
11.27
3.77
1.16
0.64
-0.64
0.53
-4.09
-11.8
-7
1.61
11.54
1.4
0.96
4.94
4.78
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
157
- -
LT Borrowings
- -
19
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
131
99
120

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
174
- -
Cash, Cash Equivalents & STI
- -
2
- -
Accounts Receivable, Net
- -
29
- -
Inventories
- -
136
- -
Total Current Liabilities
- -
168
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
157
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.92%
6.07%
5.33%
Free Cash Flow
-246.87%
-117.4%
-131.5%
Net Income, GAAP
-4.75%
199.58%
2.22%
Sales/Revenue/Turnover
7.06%
5.07%
8.44%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
81
109
119
123
409
2026
117
111
124
120
444
2027
116
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.07
0.13
0.1
0.46
0.75
2026
- -
0.28
0.21
0.28
0.77
2027
0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Shivagrico Implements Limited is a leading manufacturer and exporter of agricultural implements, hand tools, and rolled steel products, operating primarily in India with a state-of-the-art manufacturing facility in Falna, Rajasthan. Founded in 1965 and headquartered in Mumbai, the company operates two main divisions: the Rolling Division, which produces hot-rolled flats, bars, rounds, angles, and special rolled sections with an annual capacity of 36,000 metric tonnes; and the Forging and Fabrication Division, which manufactures drop-forged agricultural implements and hand tools, including pickaxes, hoes, chisels, mattocks, axes, and crowbars. The company serves agricultural, horticultural, forestry, and automobile industries, supplying both domestic and international markets. Shivagrico’s product portfolio includes a wide range of agricultural tools such as spades, shovels, mattocks, picks, hoes, forks, rakes, bill hooks, secateurs, pruners, sickles, hedge shears, timber wedges, and various forged hand tools. The company also produces industrial animal-drawn ploughs and a variety of forged components under a conversion agreement with Tata Steel Limited to manufacture approximately 800,000 implements annually. It has been recognized for export excellence for five consecutive years. In the last two years, Shivagrico has focused on operational enhancements and strategic collaborations, including a significant conversion agreement with Tata Steel to scale forging output and optimize production capacity. Despite modest fluctuations in financial performance, the company reported net sales growth of 13.56% in the December 2024 quarter and continued modest increases in subsequent quarters of 2025. Recent corporate activities include the appointment of new directors and consistent approval of quarterly and annual financial results, reflecting steady governance and operational continuity. Shivagrico’s industry standing is supported by its longstanding market presence, extensive product range of approximately 150 specialized agricultural implements and hand tools, and integrated manufacturing processes spanning forging, rolling, and fabrication technologies. It targets both the agricultural equipment sector and allied industries, operating primarily in the Indian market with global exports. The company’s enduring focus on quality manufacturing, product development, and strategic partnerships positions it as a pivotal player in India’s agricultural implements sector, founded in 1965 and headquartered in Mumbai, Maharashtra. This description incorporates Shivagrico’s main products and services along with recent operational developments and strategic agreements as of 2025.