Shivagrico's profit barely moves despite 9% revenue lift
Annual revenue rose to ₹47.56 crore, but net profit stayed flat at ₹38.60 lakhs. For a ₹12 crore market-cap, the numbers are steady but thin.
What's new
- FY26 total income rose 9% to ₹47.56 crore from ₹43.50 crore.
- Net profit was ₹38.60 lakhs, nearly unchanged from ₹37.76 lakhs.
- Auditors gave an unmodified opinion; company has ₹17.58 crore in loans with no defaults.
Why this matters
A 9% revenue increase that delivers a 2% profit lift shows margins are under pressure at scale. For a company with a ₹12 crore market cap and ₹17.58 crore in debt, flat profitability limits the story.
What we're watching
- Whether Q4 margins recover to lift full-year profitability.
- If the company can convert higher revenue into meaningfully better earnings.
- Loan repayment timeline on the ₹17.58 crore outstanding.
The full read
Shivagrico Implements, a ₹12 crore market-cap company, saw revenue climb 9% in FY26 to ₹47.56 crore. But the bottom line barely budged: net profit came in at ₹38.60 lakhs, just 2% higher than last year's ₹37.76 lakhs. That means the company is selling more, but not keeping much more of it. The statutory auditors signed off with an unmodified opinion, and the company reported no defaults on ₹17.58 crore in outstanding loans. The results are clean but thin. For a company this size, even modest revenue growth matters, but flat profitability at this scale offers little for investors to build on.
Questions answered
- How much did Shivagrico's revenue grow in FY26?
- Total annual income grew 9% to ₹47.56 crore from ₹43.50 crore in the prior year.
- Why is profit nearly flat if revenue grew?
- Net profit rose just 2% to ₹38.60 lakhs, suggesting costs grew almost as fast as revenue, leaving margins essentially unchanged.
- Does the company have any debt?
- Yes, ₹17.58 crore in outstanding loans. The filing states there are no defaults on these facilities.
- What is Shivagrico's market capitalization?
- The company is a nano-cap with a market capitalization of approximately ₹12 crore.