Shivashrit Foods FY26 net profit rises 17% to ₹1,405 lakh
Shivashrit Foods Limited reported a 17% rise in FY26 net profit to ₹1,405 lakh, with revenue growing to ₹11,351.47 lakh. The Board approved the audited results on May 30, 2026, with an unmodified opinion from statutory auditors. The company utilised ₹3,763.51 lakh of its IPO proceeds, leaving ₹2,365.21 lakh unutilised and invested in fixed deposits.
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Shivashrit Foods Limited reported a 17% increase in net profit for the financial year ended March 31, 2026, rising to ₹1,405 lakh from ₹1,201.42 lakh in the previous year. The company's revenue from operations grew to ₹11,351.47 lakh in FY26, compared to ₹10,469.34 lakh in FY25, driven primarily by its core manufacturing segment. The Board of Directors approved the audited financial results on May 30, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Statutory auditors M/s RGAR & Associates issued an audit report with an unmodified opinion on the financial results for the year ended March 31, 2026. The auditors confirmed that the results provide a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standards. The company noted that the half-year results represent balancing figures between the audited full-year figures and the previously published unaudited year-to-date figures for the half year ended September 30, 2025.
Financial Performance
The company's total income for FY26 stood at ₹11,547.62 lakh, up from ₹10,584.59 lakh in the prior year. Total expenses increased to ₹9,770.83 lakh from ₹9,077.46 lakh. Profit before tax for the year improved to ₹1,776.78 lakh from ₹1,507.13 lakh. Basic earnings per equity share for FY26 were recorded at 8.51, compared to 8.61 in the previous year.
For the half year ended March 31, 2026, the company reported a net profit of ₹653.66 lakh on revenue from operations of ₹5,233.32 lakh. In comparison, the half year ended March 31, 2025, saw a net profit of ₹583.44 lakh on revenue of ₹5,390.30 lakh.
Capital Allocation and IPO Proceeds
The company's balance sheet as of March 31, 2026, shows total assets of ₹15,753.79 lakh, a significant increase from ₹10,653.73 lakh in the previous year. Shareholders' funds grew to ₹10,263.54 lakh, driven by an increase in share capital to ₹1,826.90 lakh and reserves and surplus to ₹8,436.64 lakh. The company raised capital through an Initial Public Offering (IPO) that opened on August 22, 2025, and closed on August 26, 2025, with shares listed on the NSE Emerge platform on September 1, 2025.
| Utilisation of IPO Proceeds (₹ in Lacs) | Original Allocation | Funds Utilised | Funds Unutilised |
|---|---|---|---|
| Working Capital Requirement | 1,900.00 | 1,390.55 | 509.45 |
| Capital Expenditure | 2,630.00 | 814.88 | 1,815.12 |
| General Corporate Purpose & Issue Expenses | 1,598.72 | 1,555.08 | 40.64 |
| Total | 6,128.72 | 3,763.51 | 2,365.21 |
Unutilized IPO proceeds amounting to ₹2,365.21 lakh as of March 31, 2026, are temporarily invested in fixed deposits and maintained with scheduled banks in accordance with the objects stated in the prospectus. The company confirmed there were no investor complaints pending as of the year ended March 31, 2026.
Historical Stock Returns for Shivashrit Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.49% | -4.34% | -1.69% | -12.44% | -15.87% | -15.87% |
What is the timeline for deploying the remaining ₹2,365.21 lakh in unutilized IPO proceeds, particularly for the significant capital expenditure backlog?
How will the recent capital infusion from the IPO specifically impact production capacity and revenue growth in the upcoming fiscal year?
What strategies will management employ to reverse the slight decline in Basic Earnings Per Share from 8.61 to 8.51 despite the rise in net profit?
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