SPCL

Shivalic financials

Market cap
₹152 Cr
Sector
Capital Goods

Quarterly results

Q4 FY26: revenue up 42.3%, net profit up 0.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue50 31 71 54 79 +58%54 +74%101 +42%
EBITDA8 7 13 9 9 +13%8 +14%11 −15%
Net profit4 3 8 6 6 +50%5 +67%8 +0%
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 −37.5% 1Y

₹60₹80₹100₹120Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹103.55 on 10 Sept 2025 → ₹64.7. High ₹119.7 (5 Jan 2026), low ₹59.8 (30 Mar 2026).

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹1 Cr₹1 Cr₹18 Cr₹24 Cr₹24 Cr
Reserves₹15 Cr₹16 Cr₹24 Cr₹24 Cr₹94 Cr₹101 Cr
Borrowings₹24 Cr₹27 Cr₹24 Cr₹32 Cr₹5 Cr₹38 Cr
Other liabilities₹9 Cr₹16 Cr₹10 Cr₹17 Cr₹24 Cr₹27 Cr
Total liabilities₹49 Cr₹61 Cr₹58 Cr₹91 Cr₹147 Cr₹190 Cr
Fixed assets₹18 Cr₹19 Cr₹18 Cr₹19 Cr₹19 Cr₹21 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₹0 Cr₹0 Cr
Other assets₹31 Cr₹42 Cr₹40 Cr₹72 Cr₹128 Cr₹169 Cr
Total assets₹49 Cr₹61 Cr₹58 Cr₹91 Cr₹147 Cr₹190 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 Mar 2026

Since Mar 2025, the public added +2.54 pp while DIIs trimmed −2.27 pp. The shareholder count grew 8% to 3,699.

Promoters
71.3%
FIIs
0.5%
DIIs
0.5%
Public
27.6%

Since Mar 2025

  • Public +2.54 pp
  • DIIs −2.27 pp
  • FIIs −0.26 pp

How it drifted, 5 quarters

Over this window the public went from 17.1% to 27.6% — +10.5 pp.

Jun '24Mar '25Mar '26

Ownership split by quarter, oldest first. Jun '24: Promoters 70.9%, FIIs 4.9%, DIIs 7.1%, Public 17.1%.Sep '24: Promoters 70.9%, FIIs 2.1%, DIIs 3.1%, Public 23.9%.Mar '25: Promoters 71.3%, FIIs 0.8%, DIIs 2.8%, Public 25.1%.Sep '25: Promoters 71.3%, FIIs 0.6%, DIIs 0.7%, Public 27.4%.Mar '26: Promoters 71.3%, FIIs 0.5%, DIIs 0.5%, Public 27.6%.

Who was buying across the market this quarter →

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.

The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.

Who is on the register

Named in the Mar 2026 filing

Every holder of Shivalic above SEBI's 1% disclosure line, and what changed since Sep 2025.

HolderStakeChange
Amit Kanwar Jindal 60.78%unchanged
Sapna Jindal 10.56%unchanged
Ronak Jindal 0.00%newly disclosed
Meera Mangla 0.00%newly disclosed
Love Mangla Huf 0.00%newly disclosed
Love Mangla 0.00%newly disclosed
Leysha Jindal 0.00%newly disclosed
Kanwar Sain Jindal 0.00%newly disclosed
Setul Jindal 0.00%newly disclosed
Individual Shareholders holding Nominal Share Capital Up to 2 Lacs —off the list
Individual Shareholders holding Nominal Share Capital in excess of 2 Lacs —off the list
Bodies Corporate Corporate—off the list

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
-7.9% 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 ₹64.7

Change the assumptions yourself →

Learn to analyse Shivalic

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