SHIGAN
SHIGAN financials
- Market cap
- ₹131 Cr
Quarterly results
Q4 FY26: revenue up 26.7%, net profit up 33.3% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 110 | 53 | 66 | 86 | 106 −4% | 105 +98% | 110 +67% | 109 +27% |
| EBITDA | 9 | 1 | 6 | 7 | 11 +22% | 10 +900% | 9 +50% | 10 +43% |
| Net profit | 5 | -1 | 2 | 3 | 4 −20% | 5 +600% | 2 +0% | 4 +33% |
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 −4.0% 1Y
1Y: ₹67.2 on 15 Sept 2025 → ₹64.5. High ₹88 (21 May 2026), low ₹41.25 (22 Dec 2025).
Balance sheet
| Year ending | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | — | ₹17 Cr | ₹18 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | — | ₹37 Cr | ₹53 Cr | ₹73 Cr | ₹79 Cr |
| Borrowings | — | ₹35 Cr | ₹45 Cr | ₹56 Cr | ₹66 Cr |
| Other liabilities | — | ₹38 Cr | ₹36 Cr | ₹40 Cr | ₹38 Cr |
| Total liabilities | — | ₹127 Cr | ₹152 Cr | ₹188 Cr | ₹204 Cr |
| Fixed assets | — | ₹15 Cr | ₹22 Cr | ₹30 Cr | ₹36 Cr |
| Capital work in progress | — | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | — | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | — | ₹112 Cr | ₹129 Cr | ₹158 Cr | ₹168 Cr |
| Total assets | — | ₹127 Cr | ₹152 Cr | ₹188 Cr | ₹204 Cr |
How to read this
As filed on each reporting date, including interim balance sheets. 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 Mar 2026
The ownership split has held steady since Mar 2025. The shareholder count shrank 5% to 782.
- Promoters
- 69.7%
- Government
- 0.9%
- Public
- 29.3%
Since Mar 2025
- Promoters 0.00 pp
- DIIs 0.00 pp
- Government 0.00 pp
How it drifted, 10 quarters
Over this window promoters fell from 73.6% to 69.7% — −3.9 pp.
Ownership split by quarter, oldest first. Mar '22: Promoters 73.6%, Public 26.4%.Sep '22: Promoters 73.6%, Public 26.4%.Mar '23: Promoters 73.6%, DIIs 0.2%, Public 26.2%.Sep '23: Promoters 73.6%, Public 26.4%.Mar '24: Promoters 69.9%, Public 30.1%.Sep '24: Promoters 69.9%, Government 1.1%, Public 29.0%.Nov '24: Promoters 67.8%, Government 1.0%, Public 31.2%.Mar '25: Promoters 69.7%, Government 0.9%, Public 29.3%.Sep '25: Promoters 69.7%, Government 0.9%, Public 29.3%.Mar '26: Promoters 69.7%, Government 0.9%, Public 29.3%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ga Shigan Trust (Gagan Agrawal And Ruchi Agrawal) newly disclosed 6.76% held
- Sa Shigan Trust (Shishir Agrawal And Ankita Agrawal) newly disclosed 6.27% held
- Porinju Veliyath newly disclosed 1.16% held
- Shigan Holdings AOP newly disclosed 0.00% held
- Orient Transport Agency newly disclosed 0.00% held
- Ankita Agrawal newly disclosed 0.00% held
- Radhe Shyam Saria newly disclosed 0.00% held
- E Mobility Exim Pte. Ltd. newly disclosed 0.00% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of SHIGAN above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Giridhari Sales Private Limited | 37.27% | unchanged |
| Shigan Autotronics Private Limited | 12.05% | unchanged |
| Ga Shigan Trust (Gagan Agrawal And Ruchi Agrawal) | 6.76% | newly disclosed |
| Sa Shigan Trust (Shishir Agrawal And Ankita Agrawal) | 6.27% | newly disclosed |
| Autotronics Worldwide Pte. Ltd. | 6.15% | unchanged |
| Emkey Commercial Company Limited | 2.33% | unchanged |
| Porinju Veliyath | 1.16% | newly disclosed |
| Choice Strategic Advisors Llp | 1.14% | unchanged |
| Rashmi Agarwal | 1.00% | unchanged |
| Shareholding by Companies or Bodies Corporate where Central / State Government is a promoter | 0.94% | unchanged |
| Shishir Agrawal | 0.86% | unchanged |
| Gagan Agrawal | 0.37% | 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.
Learn to analyse SHIGAN
Guides on how to read this kind of business and the numbers that matter.