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Shivam Autotech Limited (SHIVAMAUTO)

₹16.64 -1.94% last close, 16 Oct

📊 NSE: SHIVAMAUTO 🏢 Auto Ancillaries 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Shivam Autotech's revenue was ₹110 Cr (+20.4% year on year, +0.5% on the previous quarter), and net profit ₹-21.0 Cr (a bigger loss than a year earlier); the operating margin was 7.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹110	+20.4%	+0.5%
Operating profit	₹7.9	+58.4%	-28.0%
Net profit	₹-21.0	loss widened	loss narrowed
EPS (₹)	-1.60	loss widened	loss narrowed
Operating margin	7.2%	—	—

Full quarterly financials → Results calendar →

SHIVAMAUTO delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 81.71% of the SHIVAMAUTO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 71.59%. That is close to its usual level. Turnover was only ₹10 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.

81.71%Delivery, 16 Oct

71.59%Own 20-session average

0.5×Volume vs its average

₹16.64NSE close · -1.94%

Delivery in the last 5 sessions: 89.9% · 63.9% · 81.0% · 51.3% · 81.7%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Shivam Autotech Files Letter of Offer for ₹120 Cr Rights Issue at ₹12/Share

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 13 Oct 2026, 08:14 PM

Shivam Autotech Limited has filed its Letter of Offer for a Rights Issue aiming to raise up to ₹120 crore (₹12,000 Lakhs). The issue offers up to 10 crore fully paid-up equity shares at ₹12 each (face value ₹2 plus premium ₹10) in an entitlement ratio of 19 rights shares for every 25 shares held. The record date is set for October 15, 2026, with the issue opening on October 22, 2026, and closing on November 19, 2026. This equity infusion is critical for the company, which carries ₹403 crore in debt and a negative net worth of ₹-41 crore.

Issue size of up to 10,00,00,000 equity shares aggregating up to ₹12,000 Lakhs (₹120 crore)
Issue price fixed at ₹12 per share, representing a discount to the recent market price of ₹18.1
Rights entitlement ratio set at 19 Rights Shares for every 25 fully paid-up shares held
Key dates: Record date October 15, 2026; Issue opens October 22, 2026, and closes November 19, 2026
On-market renunciation window open from October 22, 2026, to November 13, 2026

💡 Eligible shareholders should note the record date of October 15, 2026, to receive rights entitlements, and monitor the on-market renunciation window ending November 13, 2026, if looking to trade entitlements.

Shivam Autotech Files Letter of Offer for ₹120 Cr Rights Issue at ₹12/Share

🟡 NEUTRAL ⭐ 9/10

FUNDRAISE 📅 13 Oct 2026, 07:57 PM

Shivam Autotech Limited has filed its Letter of Offer to raise up to ₹120 crore (₹12,000 lakhs) via a Rights Issue of up to 10 crore fully paid-up equity shares. The rights shares are priced at ₹12 per share, representing a significant discount to the current market price of ₹18.1. The issue is structured at a ratio of 19 rights shares for every 25 existing equity shares, with a record date of October 15, 2026. This equity injection is critical for the company given its negative net worth of ₹-41 crore and elevated debt of ₹403 crore.

Rights issue size aggregating up to ₹12,000 lakhs (₹120 crore) for 10,00,00,000 equity shares
Issue price set at ₹12 per share (face value ₹2 plus premium of ₹10)
Entitlement ratio fixed at 19 Rights Equity Shares for every 25 fully paid-up shares held
Record date is Thursday, October 15, 2026
Issue opens on Thursday, October 22, 2026, and closes on Thursday, November 19, 2026

💡 Eligible shareholders should track the October 15, 2026 record date and evaluate whether to subscribe, renounce, or let rights entitlements lapse ahead of the November 13 renunciation deadline.

Shivam Autotech Obtains ISIN INE637H20024 for Rights Entitlement Credit

🟡 NEUTRAL ⭐ 3/10

FUNDRAISE 📅 08 Oct 2026, 05:16 PM

Shivam Autotech Limited has announced the creation of an International Securities Identification Number (ISIN) INE637H20024 for its upcoming Rights Issue. The company has coordinated with depositories NSDL and CDSL to credit the Rights Entitlements into demat accounts of eligible equity shareholders ahead of the issue opening date. This administrative filing moves forward the company's capital raise initiative amid balance sheet stress (debt of Rs 403 Cr and negative net worth of Rs -41 Cr). The specific issue price, ratio, and total fundraise amount were not detailed in this intimation.

Rights Entitlements assigned ISIN INE637H20024
Arrangements finalized with depositories NSDL and CDSL for demat crediting
Filing follows SEBI circulars including Master Circular dated June 21, 2023 (updated February 9, 2026)

💡 Track the announcement of the rights issue opening date, closing date, issue price, and entitlement ratio to evaluate potential dilution and capital inflowing.

Shivam Autotech Sets October 15, 2026 Record Date for Rights Issue

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 08 Oct 2026, 05:04 PM

Shivam Autotech has fixed Thursday, October 15, 2026, as the record date to determine eligible shareholders for its upcoming Rights Issue. The company, which is burdened with Rs 403 Cr of debt and a negative net worth of Rs -41 Cr, has not disclosed the rights issue size, ratio, or price in this filing. Existing investors holding shares on or before the record date will receive Rights Entitlements (REs). This capital raise follows earlier attempts to stabilize working capital amid severe under-utilization of capacities.

Record date fixed for Thursday, October 15, 2026
Purpose is to determine eligible shareholders for Rights Issue entitlements
Board meeting approving the record date was held on October 08, 2026
Issue price, issue ratio, and total fundraise amount were not disclosed in the filing

💡 Track the upcoming announcement detailing the rights issue price, entitlement ratio, issue opening/closing dates, and total capital to be raised.

Shivam Autotech Approves ₹120 Cr Rights Issue at ₹12/Share (Ratio 19:25)

🔵 WATCH ⭐ 9/10

FUNDRAISE 📅 08 Oct 2026, 03:07 PM

Shivam Autotech's board has approved the terms for a rights issue to raise up to ₹120 crore (₹12,000 lakhs) through the issuance of up to 10 crore equity shares at an issue price of ₹12 per share (including a ₹10 premium). The rights entitlement ratio is fixed at 19:25, meaning 19 new shares for every 25 shares held as on the record date of October 15, 2026. The issue will open on October 22, 2026, and close on November 19, 2026. This equity raise represents significant dilution, expanding the existing equity share base by up to 76% from 13.15 crore to 23.15 crore shares, aimed at shoring up liquidity for a company with negative net worth (-₹41 crore) and ₹403 crore in debt.

Issue size of up to ₹12,000 lakhs (₹120 crore) via 10,00,00,000 equity shares
Issue price set at ₹12 per share, representing a discount to the pre-announcement trading price of ₹16.9
Rights entitlement ratio set at 19:25 (19 rights shares for every 25 shares held)
Record date is October 15, 2026; issue window runs from October 22 to November 19, 2026
Total outstanding shares to expand from 13,14,95,219 to 23,14,95,219 shares post-issue

💡 Watch the rights entitlement (RE) trading between October 22 and November 13, 2026, and track whether promoters fully subscribe to their entitlement to support debt reduction and balance sheet repair.

Shivam Autotech AGM: Shareholders Approve Increase in Authorized Capital with 99.9% Votes

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Sep 2026, 09:18 PM

Shivam Autotech Limited submitted the scrutinizer's report and voting results for its 21st Annual General Meeting held on September 25, 2026. Shareholders approved all three resolutions, including the adoption of FY26 financial statements, the reappointment of director Yogesh Chander Munjal, and an increase in authorized share capital. Each resolution passed comfortably with ~99.9% of total valid votes in favor, predominantly driven by 100% promoter support. However, public non-institutional voters opposed the resolutions with 76.4% to 83.7% against among votes polled in that category.

Increase in authorized share capital approved with 91,450,517 votes in favor (99.89%) vs 102,876 against (0.11%)
Total votes polled stood at 91,553,393 across 131,495,219 outstanding shares, representing 69.62% turnout
Promoter group voted 100% (91,417,272 votes) in favor across all three resolutions
Retail/non-institutional e-voters showed resistance, voting 76.4% against the capital hike and 83.7% against director reappointment

💡 Watch for subsequent filings regarding potential equity or convertible instrument issuances that utilize the newly expanded authorized share capital.

Shivam Autotech Holds 21st AGM; Votes on Raising Authorized Share Capital

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Sep 2026, 10:32 PM

Shivam Autotech conducted its 21st Annual General Meeting on September 25, 2026, with 107 members attending via video conferencing. Key resolutions presented to shareholders included the adoption of FY26 audited financial statements, the reappointment of director Mr. Yogesh Chander Munjal, and the approval to increase the company's authorized share capital. Detailed voting results are expected within two working days of the meeting's conclusion.

Held 21st AGM on September 25, 2026, between 12:00 PM and 1:01 PM IST
A total of 107 members attended the meeting through video conferencing
Voted on an ordinary resolution to approve an increase in Authorized Share Capital
Voting results to be declared within 2 working days

💡 Track the upcoming exchange filing containing the scrutinizer's report for official voting results, particularly regarding the approval of the increase in authorized share capital.

Shivam Autotech Closes Trading Window from October 1, 2026 for Q2 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Sep 2026, 08:19 PM

Shivam Autotech Limited has announced the closure of its trading window for designated persons effective October 01, 2026. The closure is pursuant to SEBI (Prohibition of Insider Trading) Regulations for the quarter ended September 30, 2026. The window will reopen 48 hours after the conclusion of the board meeting where Q2 results will be considered. The specific date for the board meeting will be communicated separately.

Trading window closure takes effect from October 01, 2026
Closure covers the unaudited financial results for the quarter ended September 30, 2026
Trading window to reopen 48 hours after the conclusion of the upcoming Board Meeting

💡 Watch for the upcoming announcement of the specific Board Meeting date when Q2 FY27 financial results will be reviewed and released.

Shivam Autotech Convenes 21st AGM on September 25, 2026; Dispatches Notice to Shareholders

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 02 Sep 2026, 05:48 PM

Shivam Autotech Limited has issued an intimation under Regulation 36(1)(b) regarding the dispatch of letters to shareholders whose email IDs are not registered. The communication informs them about the availability of the Notice of the 21st Annual General Meeting (AGM) and the Integrated Annual Report for FY 2025-26. The 21st AGM is scheduled to be held on Friday, September 25, 2026, at 12:00 PM IST through Video Conferencing. The record list of members used for this dispatch was taken as of August 21, 2026.

21st Annual General Meeting scheduled for Friday, September 25, 2026, at 12:00 PM IST via VC/OAVM
Physical intimation dispatched to shareholders whose email IDs are unregistered as of August 21, 2026
FY 2025-26 Annual Report and AGM Notice made available on the company website

💡 Shareholders may review the FY 2025-26 Annual Report for operational commentary and utilize remote e-voting facilities ahead of the AGM on September 25, 2026.

Shivam Autotech Convenes 21st AGM on Sept 25, 2026; Reports FY26 Revenue of ₹409.58 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Sep 2026, 08:09 PM

Shivam Autotech has scheduled its 21st Annual General Meeting for September 25, 2026, and released its Annual Report for FY 2025-26. The company reported FY26 revenue of ₹409.58 crore compared to ₹453.98 crore in FY25, impacted by working capital constraints during the year. Operational momentum improved in Q4 FY26, with revenue rising 13.7% QoQ to ₹109.43 crore and EBITDA rising 120% QoQ to ₹11.16 crore following liquidity infusion in December 2025. The company is pursuing a Rights Issue to convert promoter loans and restore net worth.

21st AGM scheduled for Friday, September 25, 2026, via VC/OAVM with cut-off date on September 18, 2026
FY26 total revenue stood at ₹409.58 crore compared to ₹453.98 crore in FY25
Q4 FY26 revenue increased 13.7% QoQ to ₹109.43 crore, while Q4 EBITDA rose 120% QoQ to ₹11.16 crore
Promoter entity borrowings stood at ₹9,354.27 lakh (Dayanand Munjal Investment Pvt Ltd) as of March 31, 2026, planned for conversion via Rights Issue

💡 Track the execution and terms of the planned Rights Issue, specifically the conversion of promoter debt to equity and progress on restoring positive net worth.

Shivam Autotech Q1 Loss at ₹20.99 Cr; Revenue Rises 20.8% YoY to ₹109.58 Cr

🔴 NEGATIVE ⭐ 5/10

EARNINGS 📅 24 Aug 2026, 11:22 AM

Shivam Autotech reported a revenue from operations of ₹10,957.82 Lakhs for the quarter ended June 30, 2026, up 20.8% YoY from ₹9,073.15 Lakhs in Q1 FY25. However, net loss widened YoY to ₹2,098.94 Lakhs compared to a loss of ₹1,765.61 Lakhs in the prior-year period, driven primarily by heavy finance costs of ₹2,047.54 Lakhs. EBITDA stood at ₹792.05 Lakhs, but net worth deteriorated further to negative ₹6,167.13 Lakhs. The auditor highlighted going-concern uncertainties and deferred tax asset recoverability.

Revenue from operations grew 20.8% YoY to ₹10,957.82 Lakhs from ₹9,073.15 Lakhs in the year-ago quarter.
Net loss widened YoY to ₹2,098.94 Lakhs (vs loss of ₹1,765.61 Lakhs in Q1 FY25), though narrowing sequentially from ₹2,671.86 Lakhs in Q4 FY26.
High finance costs of ₹2,047.54 Lakhs consumed more than 2.5x the operating EBITDA of ₹792.05 Lakhs.
Negative net worth worsened to ₹6,167.13 Lakhs as of June 30, 2026.
Statutory auditor issued an Emphasis of Matter regarding going-concern assumptions and deferred tax assets of ₹1,989.25 Lakhs.

💡 Track progress on debt restructuring, refinancing plans, and working capital infusion to assess if cash flows can support high interest burdens.

Shivam Autotech to Increase Authorized Share Capital to ₹55 Cr; Q1 Results Approved

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 13 Aug 2026, 04:24 PM

The Board of Shivam Autotech has approved the unaudited financial results for the quarter ended June 30, 2026, and scheduled the 21st AGM for September 25, 2026. A key proposal is the 25% increase in Authorized Share Capital from ₹44 crore to ₹55 crore, which provides headroom for potential future equity issuance. This move is significant given the company's stressed financial position, including a negative net worth of -₹41 crore and debt of ₹403 crore. The board also recommended the re-appointment of Mr. Yogesh Chander Munjal as a Non-Executive Director.

Proposed increase in Authorized Share Capital from ₹44,00,00,000 to ₹55,00,00,000
Total equity shares to increase from 22 crore to 27.5 crore shares of ₹2 each
21st Annual General Meeting (AGM) scheduled for September 25, 2026
Board meeting duration of 3 hours and 50 minutes concluded at 03:50 PM
Re-appointment of Mr. Yogesh Chander Munjal as Non-Executive Director proposed

💡 Investors should review the detailed Q1 FY27 financial results once published to check for margin improvements and monitor the AGM for specific fundraising plans linked to the increased capital headroom.

Shivam Autotech clarifies XBRL filing errors for March 2026 quarter results

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 20 Jul 2026, 06:43 PM

Shivam Autotech Limited has responded to an NSE clarification request regarding discrepancies in its XBRL financial filing for the quarter ended March 31, 2026. The exchange identified incorrect quarterly and yearly figures, along with a mismatch in the Cash Flow Statement between the XBRL and PDF versions. The company attributed these to inadvertent errors during the preparation of the XBRL document and has since submitted a revised filing. This is a procedural correction and does not alter the financial results previously disclosed in the PDF format.

Clarification issued for financial results of the quarter ended March 31, 2026
Discrepancies identified in both quarterly and yearly figures within the XBRL filing
Mismatch noted in the Cash Flow Statement between XBRL and PDF submissions
Company has a significant debt of Rs 403 Cr and a negative net worth of Rs -41 Cr
Revised XBRL filing has been submitted to the exchange as of July 13, 2026

💡 Investors should treat this as a routine administrative correction. The focus should remain on the company's fundamental challenges, including its negative net worth and high debt-to-equity ratio of -9.83.

Shivam Autotech Submits Routine SEBI Dematerialization Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jul 2026, 06:20 PM

Shivam Autotech Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ended June 30, 2026. The company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, confirmed that share certificates received for dematerialization were processed within the mandated 15-day period. This filing is a standard administrative requirement and does not reflect any change in the company's business operations or financial health. Investors should note the company's broader financial context, including a negative net worth of Rs -41 Cr and high debt of Rs 403 Cr.

Compliance certificate submitted for the quarter ended June 30, 2026
Registrar confirmed processing of demat requests within 15 days of receipt
Securities received for dematerialization have been listed on the Stock Exchanges
Company maintains a high debt level of Rs 403 Cr as per latest financial context
Net worth remains negative at Rs -41 Cr, indicating significant financial stress

💡 This is a routine procedural filing. Investors should monitor upcoming quarterly results and updates regarding the company's fundraise of Rs 25 Cr OCDs intended to stabilize working capital.

₹120 Cr Rights Issue Approved and New Company Secretary Appointed

🔵 WATCH ⭐ 9/10

FUNDRAISE 📅 01 Jul 2026, 09:09 PM

Shivam Autotech's board has approved a significant fundraise of up to ₹120 crore through a rights issue of equity shares. This capital infusion is critical given the company's current financial position, which includes a negative net worth of -₹41 crore and a high debt of ₹403 crore. Alongside the fundraise, the company appointed Ms. Mehvish as the new Company Secretary and Compliance Officer effective July 1, 2026. The specific terms of the rights issue, including the price and entitlement ratio, are yet to be finalized.

Approved raising of funds up to ₹12,000 Lakhs (₹120 Cr) via a rights issue of equity shares.
Equity shares for the rights issue will have a face value of ₹2 each.
Appointment of Ms. Mehvish as Company Secretary and Compliance Officer (KMP) effective July 1, 2026.
The board meeting for these approvals lasted nearly 7 hours, from 12:20 P.M. to 7:10 P.M.
The company has approved the draft letter of offer to be filed with BSE and NSE for in-principle approval.

💡 Investors should closely monitor the announcement of the rights issue price and the entitlement ratio, as this will determine the extent of equity dilution and the cost for existing shareholders to maintain their stake.

View All SHIVAMAUTO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company reported a total revenue decrease of 3.34% YoY, falling to INR 453.98 Cr in FY2024-25 from INR 469.66 Cr in FY2023-24. The automotive segment accounts for 97% of revenue, while non-automotive segments contribute the remaining 3%.

Geographic Revenue Split

Not disclosed in available documents, though the company emphasizes the locational advantage of its manufacturing facilities in India to serve major OEMs.

Profitability Margins

Net loss significantly widened to INR 34.72 Cr in FY23 from INR 16.06 Cr in FY22, driven by a surge in raw material and consumable costs. Net worth depletion due to continuous losses has led to a highly leveraged capital structure.

EBITDA Margin

PBILDT margin declined to 9.22% (INR 43.30 Cr) in FY24, down from 10.65% (INR 50.18 Cr) in FY23 and 15.19% in FY22. The margin compression is attributed to delayed funding for working capital, which restricted production in H1 FY24.

Capital Expenditure

Promoter entities infused INR 45.69 Cr during FY23 to support operations. The company also raised INR 25 Cr through Optionally Convertible Debentures (OCDs) in FY24, primarily for debt repayment and statutory dues rather than new capacity.

Credit Rating & Borrowing

Long-term bank facilities are rated CARE BB- with a Negative outlook (revised from Stable). The company is highly leveraged with an overall gearing of 7.29x as of March 31, 2024, compared to 4.10x in FY23.

⚙️ Operational Drivers

Raw Materials

Steel and consumable stores are the primary raw materials, though specific percentage splits per material are not disclosed.

Capacity Expansion

The company is currently facing under-utilization of manufacturing capacities, leading to under-recovery of fixed costs. No specific MTPA expansion figures were provided, but the focus is on improving production efficiency to increase cash flows.

Raw Material Costs

Raw material costs led to a significant PBILDT margin drop from 15.19% to 10.65% in FY23. The company has low bargaining power with customers to pass on these volatile costs.

Manufacturing Efficiency

Production efficiency is a key focus area to improve cash flow from operations, as current under-utilization is a primary constraint on profitability.

📈 Strategic Growth

Growth Strategy

Growth is targeted through diversification into three-wheelers, four-wheelers, and commercial vehicles to reduce the 97% reliance on the automotive segment. The company is also raising funds (INR 25 Cr OCDs) to stabilize the working capital cycle and improve production uptime.

Products & Services

Gears, shafts, and precision-engineered components for two-wheelers, three-wheelers, four-wheelers, and commercial vehicles.

Brand Portfolio

Shivam Autotech.

New Products/Services

Venturing into non-automotive segments, which currently contribute 3% of revenue, with plans to expand this share.

Market Expansion

Targeting broader automotive segments (CVs and 4Ws) to mitigate segment-specific cyclicality.

Strategic Alliances

The company is part of the S.N. Munjal faction, maintaining a long-standing relationship with Hero MotoCorp Limited.

🌍 External Factors

Industry Trends

The industry is shifting toward diversification across vehicle segments. Shivam Autotech is positioning itself by moving beyond its traditional 2W focus into 4W and non-auto components to ensure long-term sustainability.

Competitive Landscape

Operates in a highly competitive auto-component market with pressure from volatile input costs and large OEM customers.

Competitive Moat

The company's moat is built on its established relationship with Hero MotoCorp and its locational advantage. However, this is weakened by low bargaining power and high customer concentration.

Macro Economic Sensitivity

Highly sensitive to the cyclical nature of the Indian automotive sector and fluctuations in steel prices.

Consumer Behavior

Demand is driven by the cyclical recovery of the two-wheeler and commercial vehicle markets in India.

⚖️ Regulatory & Governance

Industry Regulations

Subject to standard automotive manufacturing standards and SEBI LODR regulations. A show cause notice was recently received from the Central GST Commissionerate, Dehradun.

Environmental Compliance

The company does not fall under the top 1000 listed companies by market cap for mandatory Business Responsibility Reporting, but it maintains basic environmental initiatives.

Legal Contingencies

A show cause notice from the Central GST Commissionerate, Dehradun, is a key monitorable; any adverse decision involving significant penalties could further stress the company's weak financial profile.