Shivashrit Foods Limited (SHIVASHRIT)
Latest quarterly results (H1 FY26)
In its latest reported quarter, H1 FY26, Shivashrit Foods' revenue was ₹61.0 Cr, and net profit ₹8.0 Cr; the operating margin was 21.3%.
| H1 FY26 (₹ Cr) | Value | YoY | vs prev. half |
|---|---|---|---|
| Revenue | ₹61.0 | — | — |
| Operating profit | ₹13.0 | — | — |
| Net profit | ₹8.0 | — | — |
| EPS (₹) | 4.11 | — | — |
| Operating margin | 21.3% | — | — |
SHIVASHRIT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 85.0% of the SHIVASHRIT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.28%. That is close to its usual level. Turnover was only ₹23 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 94.9% · 40.4% · 57.7% · 68.8% · 85.0%
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
Shivashrit Foods reported its 9th AGM proceedings highlighting FY26 revenue from operations growth of 8.43% to ₹113.51 crore and net profit growth of 16.55% to ₹14.05 crore. The company clarified that its IPO-funded capacity expansion faced delays due to global supply chain disruptions for capital equipment, but plant machinery is arriving in October 2026. The expanded capacity is now scheduled to become operational in January 2027. Additionally, the company is diversifying from core potato flakes into snacks and proposing to amend its MOA object clause to trade across agricultural produce.
- FY26 Revenue from operations rose 8.43% to ₹113.51 crore with export sales contributing over ₹21 crore
- Net profit increased 16.55% to ₹14.05 crore with net margin expanding to 12.38% (vs 11.48% in FY25)
- Machinery arriving in October 2026 with commercial operations now targeted for January 2027 following supply chain delays
- Balance sheet showed Reserves and Surplus of ₹84.37 crore and a Debt-Equity ratio of 0.46
Shivashrit Foods Limited has issued a notice convening its 9th Annual General Meeting on September 30, 2026, via video conferencing. A key special business item is amending the Memorandum of Association's Object Clause to enter the trading, import, export, and distribution of agricultural produce, food commodities, and commercial crops. The meeting will also consider the reappointment of Non-Executive Director Prashant Singhal, who holds 31,98,400 equity shares (17.51% stake). Remote e-voting runs from September 27 to September 29, 2026, with the cut-off date set at September 23, 2026.
- 9th Annual General Meeting scheduled for September 30, 2026 at 11:00 AM IST via VC/OAVM
- Special resolution proposed to alter Object Clause to include trading, export, and import of food grains, oilseeds, and agri commodities
- Remote e-voting window opens September 27, 2026 (09:00 AM IST) and closes September 29, 2026 (05:00 PM IST)
- Voting cut-off date fixed as September 23, 2026
- Director Prashant Singhal seeks re-appointment; he holds 31,98,400 shares (17.51% equity)
Shivashrit Foods Limited convened a Board meeting on September 08, 2026, approving the Directors' Report and Notice for its upcoming 09th Annual General Meeting (AGM). The Board appointed M/s. Sanjeev Gupta & Co., Chartered Accountants, as the Scrutinizer for the AGM proceedings. Additionally, Mr. Abhinay Agarwal, Chartered Accountant, was appointed as the Internal Auditor for the Financial Year 2026-27. The meeting concluded within an hour from 05:00 P.M. to 06:00 P.M.
- Board approved the Notice and Directors' Report for the 09th Annual General Meeting
- Appointed Mr. Abhinay Agarwal as Internal Auditor for FY 2026-27
- Appointed M/s. Sanjeev Gupta & Co. as Scrutinizer for the 09th AGM
- Board meeting conducted on September 08, 2026, between 05:00 P.M. and 06:00 P.M.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company reported no change in the nature of its business during the year under review.
Geographic Revenue Split
Not disclosed in available documents. The company is headquartered in Aligarh, Uttar Pradesh.
Profitability Margins
Not disclosed in available documents. The Board decided to retain the entire amount in the Profit and Loss account and did not recommend a dividend for FY25 to conserve resources.
Capital Expenditure
The company planned a total capital expenditure of INR 26.30 Cr for its expansion project. As of September 30, 2025, INR 7.59 Cr (28.8% of the estimated amount) has been utilized.
Credit Rating & Borrowing
Not disclosed in available documents. The company raised INR 70.03 Cr through an Initial Public Offer (IPO) to fund its requirements.
Operational Drivers
Raw Materials
Specific raw material names are not disclosed, but the company identifies 'escalation in the cost of raw materials' as a primary strategic risk to its food business.
Key Suppliers
Not disclosed in available documents. The company acknowledges the support of 'supply chain partners' but does not name specific entities.
Capacity Expansion
The company is currently executing an expansion project. It allocated INR 26.30 Cr for capital expenditure and INR 19.00 Cr for working capital requirements specifically for this expansion.
Raw Material Costs
Not disclosed as a specific percentage of revenue. However, the company notes that raw material cost escalation is a material risk that could impact strategic objectives.
Strategic Growth
Growth Strategy
Growth is being pursued through a significant expansion project funded by IPO proceeds. The strategy involves deploying INR 26.30 Cr for capital expenditure and INR 19.00 Cr for incremental working capital to scale operations and enhance market presence.
Products & Services
Food products (specific product categories are not listed in the provided documents).
Brand Portfolio
Shivashrit (implied by company name).
Market Expansion
The company is utilizing IPO funds for an expansion project, though specific target regions are not detailed.
External Factors
Industry Trends
The food industry is seeing increased competitive intensity and a shift toward more stringent regulatory compliance. Shivashrit is positioning itself by transitioning to a public entity (listed on NSE Emerge w.e.f. September 1, 2025) to access capital for expansion.
Competitive Landscape
The company faces increasing competitive intensity from other players in the food sector.
Competitive Moat
The company's moat is built on a comprehensive risk governance structure and internal financial controls that ensure reliability and integrity of financial reporting, which is critical for stakeholder trust in the SME segment.
Macro Economic Sensitivity
The company is sensitive to inflation in raw material prices and changes in central/state government regulations.
Regulatory & Governance
Industry Regulations
The company must comply with the Companies Act 2013, SEBI Listing Regulations, and various central and state government policies related to the food industry.
Environmental Compliance
The company identifies environmental and climate risk as part of its risk management focus, though specific ESG costs are not disclosed.
Legal Contingencies
The company reported no material changes or commitments affecting its financial position between the end of FY25 and the date of the report, other than the IPO and listing.
Risk Analysis
Key Uncertainties
Key uncertainties include the volatility of raw material prices and potential disruptions in the supply chain, which could impact the timeline and profitability of the expansion project.
Third Party Dependencies
The company acknowledges dependency on supply chain partners and business associates for its growth journey.
Technology Obsolescence Risk
The company identifies cyber security, data management, and data privacy as significant risks, necessitating continuous enhancement of IT systems.
Credit & Counterparty Risk
Credit risk is classified as a major financial risk category, with the Audit Committee reviewing the adequacy of internal control systems to manage it.
