544272

Shiv Texchem financials

Market cap
₹280 Cr
Sector
Chemicals
Calls analysed
1
Latest concall · Q4 FY25 · call held 06 Jun 2025

Shiv Texchem Q4 FY25

FY25 EBITDA Margin 4% FY25 PAT Margin 1.9%

What went well

  • H2 revenue growth of 14-15% over H1, demonstrating strong operational performance.
  • H2 PAT growth of 35% and PBT growth of 40-50% over H1, indicating robust profitability.
  • H2 EBITDA margins at 4.4% surpassed management's expectation of 4.25%, reflecting improved efficiency.

What to watch

  • Receivable days increased from 40-43 days to 70-75 days, raising questions about working capital efficiency.
  • A potential fundraise is under internal discussion to support future growth, suggesting current internal accruals might not fully cover expansion needs.
Read the full call →

What Shiv Texchem does

Shiv Texchem imports hydrocarbon-based chemicals from global manufacturers and distributes them to Indian industrial buyers, aggregating customer demand and negotiating price, quality and logistics with overseas suppliers. It is an asset-light distribution business (not a manufacturer) that handles and stores sensitive/hazardous chemicals at facilities near major Indian ports before supplying paints & coatings, printing inks, agrochemical, specialty-polymer, pharmaceutical and industrial-chemical customers. The company differentiates through proprietary base-chemical price-forecasting models and real-time shipment tracking for customers.

Segments

  • Acetyls
  • Alcohols
  • Aromatics & Blended Stock
  • Phenolic & Ketones
  • Inorganics and Allied
  • Intermediate and Basic Chemicals
  • Monomers
  • Glycol
  • Isocyanates
Customer base
750+
Global supplier network
65+
Product portfolio (SKUs)
45+ (43 key chemicals sourced globally)
Port/storage presence
5 major Indian ports (Kandla, Mundra, JNPT, Mumbai, Hazira)
Total storage capacity
~50,000–60,000 KLPA
Industries served
10+
Founded 2005Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q4 FY25

what the last two calls moved 4 tracked 0 delivered 0 missed 4 open
  • Revenue Growth CAGR open said Q4 FY25 Promised: 40-45% going forward Q4 FY25: Target set during Q4 FY25 call

All 4 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q4 FY26: revenue up 38.1%, net profit up 84.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue613 922 1,031 1,171 1,503 +145%1,273 +38%
EBITDA23 35 35 51 73 +217%63 +80%
Net profit11 19 21 27 43 +291%35 +84%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −56.1% 1Y

₹100₹150₹200₹250₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹268.5 on 10 Sept 2025 → ₹118. High ₹288 (22 Sept 2025), low ₹97.9 (23 Jan 2026).

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹2 Cr₹2 Cr₹2 Cr₹23 Cr₹23 Cr
Reserves₹27 Cr₹105 Cr₹121 Cr₹191 Cr₹353 Cr₹387 Cr
Borrowings₹122 Cr₹120 Cr₹329 Cr₹297 Cr₹431 Cr₹701 Cr
Other liabilities₹9 Cr₹198 Cr₹150 Cr₹309 Cr₹682 Cr₹372 Cr
Total liabilities₹159 Cr₹425 Cr₹602 Cr₹799 Cr₹1.5k Cr₹1.5k Cr
Fixed assets₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹2 Cr
Other assets₹158 Cr₹425 Cr₹601 Cr₹798 Cr₹1.5k Cr₹1.5k Cr
Total assets₹159 Cr₹425 Cr₹602 Cr₹799 Cr₹1.5k Cr₹1.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.65 pp while FIIs trimmed −0.88 pp. The shareholder count grew 23% to 1,714.

Promoters
73.7%
FIIs
0.1%
DIIs
7.0%
Public
19.3%

Since Jun 2025

  • Public +1.65 pp
  • FIIs −0.88 pp
  • DIIs −0.77 pp

How it drifted, 8 quarters

Over this window FIIs fell from 4.1% to 0.1% — −4.0 pp.

Sep '24Jun '25Jun '26

Ownership split by quarter, oldest first. Sep '24: Promoters 73.7%, FIIs 4.1%, DIIs 6.7%, Public 15.5%.Dec '24: Promoters 73.7%, FIIs 1.6%, DIIs 8.0%, Public 16.7%.Mar '25: Promoters 73.7%, FIIs 1.1%, DIIs 7.9%, Public 17.3%.Jun '25: Promoters 73.7%, FIIs 0.9%, DIIs 7.8%, Public 17.6%.Sep '25: Promoters 73.7%, FIIs 0.7%, DIIs 7.9%, Public 17.7%.Dec '25: Promoters 73.7%, FIIs 0.5%, DIIs 7.2%, Public 18.7%.Mar '26: Promoters 73.7%, FIIs 0.3%, DIIs 7.0%, Public 19.1%.Jun '26: Promoters 73.7%, FIIs 0.1%, DIIs 7.0%, Public 19.3%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Shiv Texchem above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Pavankumar Sanwaria Realty Private Limited 27.58%unchanged
Karan Wilkhoo 18.41%unchanged
Hemanshu Syntex Private Limited 12.05%unchanged
Manju Shyam Sundar Chokhani 6.90%unchanged
Shyam Sundar Gangabux Chokhani 5.18%unchanged
Shyam Sundar Chokhani Huf . 3.45%unchanged
Finavenue Capital Trust - Finavenue Growth Fund AIF2.03%unchanged
Mavira Growth Opportunities Fund AIF2.01%unchanged
Invicta Continuum Fund I AIF1.82%unchanged
Hemanshu Shyam Sundar Chokhani 0.03%unchanged
Vikas Pavankumar 0.03%unchanged
Vidhi Agarwal 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth the price implies
-28.7% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹118

Change the assumptions yourself →

Learn to analyse Shiv Texchem

Guides on how to read this kind of business and the numbers that matter.