Shivagrico Implements reported a net profit of ₹38.59 lakh for the financial year ended March 31, 2026, marking a 2.2% increase from ₹37.76 lakh in the previous year. Revenue from operations grew to ₹4,718.06 lakh from ₹4,310.27 lakh in FY25, driven by higher sales in both domestic and overseas markets. The company's total income from operations for the year stood at ₹4,756.04 lakh. The audited standalone financial results, approved at a Board meeting held on May 29, 2026, were subsequently published in the Financial Express and Mumbai Lakshadweep daily newspapers on May 31, 2026, pursuant to Regulation 33 read with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditor, Ambavat Jain & Associates LLP, issued an unmodified opinion on the results. The financial statements were prepared in compliance with the Indian Accounting Standards (Ind AS) and the provisions of the Companies Act, 2013. The submission to BSE Limited was made by Jinal Joshi, Company Secretary & Compliance Officer, on behalf of Vimalchand Jain, Managing Director & Chairman.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹13.90 lakh, a decline from ₹23.00 lakh in the corresponding quarter of the previous year. Total income from operations for the quarter stood at ₹1,210.55 lakh, compared to ₹1,244.46 lakh in the year-ago quarter. Total expenses for the quarter were ₹1,187.64 lakh.

Financial Performance

The company's earnings per share (EPS) for the full year improved to ₹0.77 from ₹0.75 in the previous year. For the quarter, basic and diluted EPS stood at ₹0.28. The profit before tax for the year increased to ₹69.29 lakh from ₹38.97 lakh in FY25. The following table summarises the key annual financial metrics:

Segment Revenue

Shivagrico Implements operates primarily in the Rolling and Forging of Agriculture Implements segment. Revenue from India for the year ended March 31, 2026, was ₹3,970.69 lakh, while revenue from other overseas locations stood at ₹747.37 lakh, reflecting growth across both geographies compared to the previous year.

Financial Position

The company's total assets as of March 31, 2026, stood at ₹2,823.08 lakh, up from ₹2,603.99 lakh in the previous year. The net worth of the company as per the audited accounts was ₹785.69 lakh, with a paid-up equity share capital of ₹501.36 lakh and reserves (excluding revaluation reserve) of ₹327.70 lakh.

Shivagrico Implements Ltd has issued a clarification to BSE Limited regarding recent share price movements, responding to an inquiry from the stock exchange. The company filed its response under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on March 11, 2026.

BSE Inquiry and Company Response

The clarification came in response to BSE's email dated March 9, 2026, which sought explanation for significant movement in the company's share price. Shivagrico Implements confirmed its compliance with SEBI (LODR) Regulations, 2015 and stated that it has been promptly informing the stock exchange about all events and information that may impact company operations or performance.

Compliance Confirmation

The company explicitly confirmed that it has not withheld any information or events that could impact the price behavior of its scrip, which would be required for disclosure under Regulation 30. Shivagrico Implements emphasized its commitment to disclosing all price-sensitive information as and when required.

Market-Driven Price Movement

Shivagrico Implements attributed the share price movement to market conditions, stating that the movement is "purely due to market conditions and apparently market driven." The company clarified that it has neither control over such market movements nor knowledge of the specific reasons behind them.

Company Background

Shivagrico Implements Ltd operates as a manufacturer of rolled sections, forgings, hand tools, and agricultural implements. The company maintains its registered office in Mumbai and operates a factory in Falna, Rajasthan. The clarification was signed by Jinal Joshi, Company Secretary & Compliance Officer, confirming the company's adherence to regulatory disclosure requirements.