💰 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

Expected Growth Rate

Not disclosed in available documents

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.