Shivagrico Implements Limited
SHIVAGR.BO
Bombay Stock Exchange23.83
INR
+0.83
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Shivagrico Implements Limited
SHIVAGR.BO
(Bombay Stock Exchange)
Recent
price
23.83
P/E
ratio
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div
yld
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ROIC.AI
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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.