---
title: "Shivashrit Foods Ltd (SHIVASHRIT) — Share Price, Financials & Analysis"
symbol: "SHIVASHRIT"
company: "Shivashrit Foods Ltd"
canonical: "https://tapetide.com/stocks/SHIVASHRIT"
isin: "INE1DLF01018"
nse_symbol: "SHIVASHRIT"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
market_cap_cr: 221.05
generated_at: "2026-09-13T19:38:04.295Z"
---

# Shivashrit Foods Ltd (SHIVASHRIT)

Canonical page: https://tapetide.com/stocks/SHIVASHRIT

## Company

- **NSE Symbol:** SHIVASHRIT
- **ISIN:** INE1DLF01018
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shivashritfoods.com

## About

Incorporated in August 2017, Shivashrit Foods Limited manufactures, supplies, and exports potato flakes.[1]

## Latest Price

- **Price:** ₹120.4
- **Change:** +1.75 (+1.47%)
- **Open:** ₹121
- **Day High:** ₹122.7
- **Day Low:** ₹115.2
- **Previous Close:** ₹118.65
- **Volume:** 51000
- **As Of:** 2026-09-11T09:59:46+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:20.955710Z.

- **Market Cap:** ₹221.05 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹52.48
- **Price to Book:** 2.26
- **Dividend Yield:** 0%
- **ROE:** 34.85%
- **ROCE:** 43.39%
- **Debt to Equity:** 0.47
- **Revenue (yearly):** ₹113.51 Cr
- **Net Income:** ₹13.76 Cr
- **EBITDA:** ₹24.08 Cr
- **52-Week High:** ₹144
- **52-Week Low:** ₹96
- **RSI (14):** 45.92

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Flat
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 81%
- **Data coverage:** 62%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 64.43 | 9% |
| growth | 48.51 | 9% |
| momentum | 50.82 | 12% |
| ownership | 82.5 | 24% |
| quality | 59.33 | 22% |
| valuation | 31.71 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 33.1%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 43.9 to 61.6 days.
- Working capital days have increased from 92.1 days to 162 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -253.31% | — | -8.34% |
| ebitda margin growth | -5.61% | -19% | 74.33% |
| net income growth | 13.72% | 110% | — |
| revenue growth | 7.29% | 36% | 24.21% |
| roce | -3.94% | 249.07% | 27.57% |
| roe | -32.36% | 33.41% | 151.26% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 51 | 54 | 61 | 52 |
| Expenses | 40 | 43 | 48 | 41 |
| Operating Profit | 11 | 11 | 13 | 11 |
| OPM % | 22 | 20 | 21 | 21 |
| Other Income | 1 | 1 | 1 | 1 |
| Interest | 2 | 2 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 2 |
| Profit before tax | 8 | 7 | 9 | 8 |
| Tax % | 19 | 22 | 21 | 21 |
| Net Profit | 6 | 6 | 8 | 7 |
| EPS in Rs | 13.29 | 4.18 | 4.11 | 3.58 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 38 | 45 | 76 | 105 | 114 |
| Expenses | 34 | 40 | 58 | 82 | 89 |
| Operating Profit | 5 | 5 | 19 | 23 | 24 |
| OPM % | 12 | 11 | 24 | 22 | 21 |
| Other Income | 0 | 0 | 1 | 1 | 2 |
| Interest | 1 | 1 | 2 | 4 | 5 |
| Depreciation | 3 | 2 | 4 | 4 | 4 |
| Profit before tax | 1 | 2 | 13 | 15 | 18 |
| Tax % | 58 | 4 | 13 | 21 | 21 |
| Net Profit | 1 | 2 | 12 | 12 | 14 |
| EPS in Rs | 1.29 | 3.27 | 24.96 | 8.64 | 7.69 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 14 | 18 |
| Reserves | 5 | 6 | 18 | 21 | 84 |
| Borrowings | 18 | 23 | 37 | 48 | 48 |
| Other Liabilities | 8 | 15 | 24 | 26 | 7 |
| Total Liabilities | 35 | 48 | 83 | 109 | 158 |
| Fixed Assets | 9 | 9 | 21 | 17 | 15 |
| CWIP | 0 | 0 | 0 | 0 | 20 |
| Investments | 0 | 0 | 0 | 2 | 5 |
| Other Assets | 26 | 39 | 62 | 90 | 118 |
| Total Assets | 35 | 48 | 83 | 109 | 158 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 0 | 5 | -8 | 0 |
| Cash from Investing Activity | -1 | -2 | -18 | 2 | -23 |
| Cash from Financing Activity | 0 | 3 | 12 | 7 | 49 |
| Net Cash Flow | 0 | 1 | -1 | 1 | 26 |
| Free Cash Flow | 1 | -1 | -9 | -10 | -24 |
| CFO/OP | 32 | -4 | 42 | -21 | 1 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 12 | 22 | 27 | 43 | 62 |
| Inventory Days | 281 | 386 | 433 | 428 | 150 |
| Days Payable | 108 | 204 | 210 | 161 | 20 |
| Cash Conversion Cycle | 185 | 203 | 249 | 310 | 191 |
| Working Capital Days | 108 | 99 | 40 | 74 | 162 |
| ROCE % | — | 10 | 34 | 27 | 19 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 73% | 73% |
| FIIs | 5.26% | 3.97% |
| DIIs | 0% | 3.9% |
| Government | 0% | 0% |
| Public | 13.21% | 14.42% |
| Others | 8.52% | 4.7% |
| No. of Shareholders | 577 | 656 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 119.81 | Buy |
| EMA (10) | 119.33 | Buy |
| SMA (20) | 120.94 | Sell |
| EMA (20) | 120.66 | Sell |
| SMA (50) | 122.36 | Sell |
| EMA (50) | 121.87 | Sell |
| SMA (100) | 122.61 | Sell |
| EMA (100) | 122.75 | Sell |
| SMA (200) | 124.89 | Sell |
| EMA (200) | 125.35 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.77 | Neutral |
| MACD (12,26,9) | -1.44 | Sell |
| Stochastic (14,3,3) | 58.69 | Neutral |
| ADX (14) | 30.92 | Buy |
| Williams %R (14) | -36.76 | Neutral |
| ATR (14) | 6.5 | High Volatility |
| ROC (12) | -0.74 | Sell |
| Stoch RSI (14) | 59.71 | Neutral |
| UO (7,14,28) | 47.65 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Newspaper advertisement for pre-dispatch notice of 9th Annual General Meeting published on 09 September 2026. | [Copy of Newspaper Publication 9 Sep - Newspaper advertisement for pre-dispatch notice of 9th Annual General Meeting published on 09 September 2026.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_09092026163605_Newspaper_ad-notice.pdf) |
| 9 Jul - FY26 audited results approved; CARE report showed no deviation in IPO utilisation. | [Reply to Clarification- Financial results 9 Jul - FY26 audited results approved; CARE report showed no deviation in IPO utilisation.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_03072026152613_SFLClarificationjuly26withMAreport.pdf) |
| 8 Sep - Board approved directors’ report, AGM notice, scrutinizer and internal auditor appointments for FY2026-27. | [Outcome of Board Meeting 8 Sep - Board approved directors’ report, AGM notice, scrutinizer and internal auditor appointments for FY2026-27.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_08092026183715_OutcomeofBM08092026.pdf) |
| 8 Sep - 9th AGM on Sept 30, 2026; adopts FY26 accounts, reappoints Mr. Prashant Singhal, amends object clause. | [Shareholders meeting 8 Sep - 9th AGM on Sept 30, 2026; adopts FY26 accounts, reappoints Mr. Prashant Singhal, amends object clause.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_08092026212834_Notice_of_9TH_AGM.pdf) |
| 7 March 2026 - Management to participate in Arihant Capital Bharat Connect virtual conference on 11 March 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 7 March 2026 - Management to participate in Arihant Capital Bharat Connect virtual conference on 11 March 2026.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_07032026120754_Intimation_of_Investor_Call-revised.pdf) |
| 30 May 2026 - Board approved audited FY26 results on 30 May 2026; auditors issued unmodified opinion. | [Outcome of Board Meeting 30 May 2026 - Board approved audited FY26 results on 30 May 2026; auditors issued unmodified opinion.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_30052026142943_SFLOutcomes30052026.pdf) |
| 30 May 2026 - Board approved audited FY26 and half-year results; auditors issued unmodified opinion. | [Outcome of Board Meeting 30 May 2026 - Board approved audited FY26 and half-year results; auditors issued unmodified opinion.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_30052026155046_SFLOutcomes30052026.pdf) |
| 30 May - 70.03 Cr IPO proceeds statement shows deviation approved on 20 Mar 2026; expansion project shifted to Madrak Unit. | [Statement of deviation(s) or variation(s) under Reg. 32 30 May - 70.03 Cr IPO proceeds statement shows deviation approved on 20 Mar 2026; expansion project shifted to Madrak Unit.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_30052026162757_StatementofDeviation300526.pdf) |
| 29 Jun - Exchange has sought clarification from Shivashrit Foods Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 29 Jun - Exchange has sought clarification from Shivashrit Foods Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=SHIVASHRIT&tabIndex=sme) |
| 27 May 2026 - Shivashrit Foods files SDD compliance certificate for FY ended March 31, 2026. | [Structural Digital Database 27 May 2026 - Shivashrit Foods files SDD compliance certificate for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_27052026121228_SFLSDDComplianceCertificate31032026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31963_SHIVASHRIT_2025_2026_A_17054833_08092026212301.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29010_SHIVASHRIT_2024_2025_A_6138634_09092025213427.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_19112025192456_InvestorPresentationNov2025SFL.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:38:04.295Z.