Multibagger Shivalik Rasayan declares positive results; know the latest developments here!

Shivalik Rasayan has declared a positive set of results this season with the revenues increasing by more than 24.53 per cent on YoY basis while the net profits jumping by 207.72 per cent YoY.

Shivalik Rasayan is engaged in the manufacturing of Organophosphorus based Agrochemicals and Active Pharma Ingredients (APIs) with GMP manufacturing practices. Shivalik Rasayan is the largest manufacturer of international quality Dimethoate Technical and Malathion Technical.

In the latest update, Shivalik Rasayan has purchased industrial plot of 50,000 square meters for setting up of manufacturing of KSM, intermediate, Agro Chemicals and Specialty Chemicals Unit at Dahej III, Gujarat. The R&D is the process of development of some intermediate and Agro-chemcial products which it plans to manufacture at this proposed unit. Shivalik Rasayan has received the Manufacturing Licenses for Cytoxic & General API from Gujarat State FDCA.

5 Oncology API products and 2 General API products have been validated on site till date. Shivalik Rasayan has received WHO-GMP certificate in year 2021 for 2 Oncology and 1 General API products. Shivalik Rasayan will be raising funds via preferential issue for setting up of Agro-Chemicals & Speciality Chemical Plant at GIDC Dahej III, Gujarat and other business-related requirements. The company also announced in the latest update on BSE that it is now eligible to be listed on NSE and that the company is planning to list its shares on NSE in the current fiscal year.

The share price of Shivalik Rasayan has jumped higher by more than 10  per cent in one month while in 2021 alone the stocks has gained by 113 per cent.