Sir Shadi Lal Enterprises (Delisted) logo

Sir Shadi Lal Enterprises (Delisted) share price

BSE: 532879Agricultural Food & other Products

Sir Shadi Lal Enterprises Ltd · Face value ₹10 · Listed Aug 2007

Last traded ₹263.55 on 2 Jun 2026

Delisted on 12 Oct 2026.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. May 2026

Share price history

Daily closes since Aug 2007, adjusted for splits and bonuses

Daily close, ₹ per share

Q3 results, quarter to Dec 2025

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹78 Cr+37.6% on a year ago · −18.2% on the quarter before
Operating profit
−₹15 Cr
Net profit
−₹17 Cr
Earnings per share
−₹32.37
Operating margin
−19.4%
Net margin
−21.8%

From revenue to net profit, ₹ crore

  1. Revenue78
  2. Materials and goods−73
  3. Employee costs−7.8
  4. Other expenses−12
  5. Operating profit−15
  6. Depreciation−3.0
  7. Other income+3.3
  8. One-off items−1.4
  9. Finance costs−8.8
  10. Profit before tax−25
  11. Tax+8.0
  12. Net profit−17

Sir Shadi Lal Enterprises results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2025. Results for the quarter to Mar 2026 were due by 30 May 2026, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
1913.0Mar 2386−6.1Jun 2390−11Sep 23101−9.4Dec 2318618Mar 2496−34Jun 2423−8.5Sep 2457−15Dec 249312Mar 2593−6.5Jun 2595−12Sep 2578−17Dec 25
Peak revenue ₹191 Cr, quarter to Mar 2023; lowest ₹23 Cr, quarter to Sep 2024A loss in 9 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
27.8%−41.2%3.8%−2.6%−8.5%−6.0%11.1%−3.5%−41.2%−28.1%27.8%3.2%−6.3%−19.4%1.6%−7.1%−12.6%−9.3%9.5%−34.9%−37.4%−25.6%12.9%−7.0%−12.8%−21.8%Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Dec 25
₹ croreMar 2021Jun 2021Q1Filed 7 AugSep 2021Dec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023Jun 2023Q1Sep 2023Dec 2023Q3Mar 2024Jun 2024Q1Sep 2024Filed 4 NovDec 2024Q3Filed 31 JanMar 2025Q4Jun 2025Q1Filed 21 JulSep 2025Q2Filed 3 NovDec 2025Q3Filed 29 Jan
Revenue from operations14312010410114411690155191869010118696235793939578
12011610711213312010315618488971071651003273679010193
Materials and goods bought9810194961071039013715472839014187205447778773
Employee costs1077898681776797668658
Other expenses12868179711139810146512127912
Operating profit before depreciation235−3−1112−4−13−17−2−8−621−3−9−16263−6−15
Operating margin16.3%3.9%−3.1%−10.8%8.0%−3.0%−14.5%−0.4%3.8%−2.6%−8.5%−6.0%11.1%−3.5%−41.2%−28.1%27.8%3.2%−6.3%−19.4%
Depreciation and amortisation12223333322232233333
Other income10000000000002130013
Finance costs33333332211110147999
Profit before one-off items and tax190−7−156−9−18−53−6−11−918−4−11−1916−9−16−24
One-off items0000000000000000000−1
Profit before tax190−7−156−9−18−53−6−11−918−4−11−1916−9−16−25
−200000000000030−3−54−2−4−8
Tax rate−11.5%–––0.0%–––0.0%–––0.0%–––25.2%–––
Net profit210−7−156−9−18−53−6−11−918−34−8−1512−6−12−17
Other comprehensive income4461000100−2000000−10000
Total comprehensive income4670−7−156−8−18−51−6−11−918−33−8−1512−6−12−17
Net margin15.0%0.0%−7.2%−14.9%4.2%−7.8%−20.2%−3.5%1.6%−7.1%−12.6%−9.3%9.5%−34.9%−37.4%−25.6%12.9%−7.0%−12.8%−21.8%
Earnings per share₹40.80−₹0.09−₹14.18−₹28.71₹11.50−₹17.30−₹34.60−₹10.73₹5.74−₹11.61−₹21.51−₹17.99₹33.61−₹63.98−₹16.10−₹27.68₹22.80−₹12.32−₹23.31−₹32.37
Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Standalone, ₹ crore, quarters to Dec 2025.

  • Sugar

    Revenue, ₹ crore
    Profit, ₹ crore

  • Distillery

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue of all businesses20810097104201101235593939578
Company revenue, as in its results191869010118696235793939578
Revenue16666599418590165593939578
Revenue growth20.8%−40.6%−29.8%−29.6%11.2%37.9%−73.3%−41.1%−49.9%2.7%500.9%40.6%
Profit1−5−8−5231−7−13263−6−13
Profit growth––––2,153.6%–––11.5%72.5%––
Margin0.6%−6.9%−14.3%−5.1%12.4%1.6%−44.7%−24.0%27.6%2.7%−5.9%−16.2%
Assets1201338194659474470217198113171
Liabilities376392340354355292250191175986783
Capital employed−256−259−259−259304−245−206−121421004688
Revenue41343891611700000
Revenue00000–––––––
Profit is before tax and finance costs, the way companies report their segments.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
Mar 1639818Mar 17398−24Mar 18372−35178Mar 194972.9138Mar 20549−14137Mar 21470−17118Mar 22552−3069Mar 23462−9.239Mar 24268−45331Mar 25
Peak revenue ₹552 Cr, year to Mar 2023; lowest ₹268 Cr, year to Mar 2025A loss in 7 of the 9 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
8.9%−16.6%8.9%−0.6%−2.7%6.0%0.5%0.4%−1.8%1.0%−1.0%4.5%−6.0%−9.4%0.6%−2.6%−3.5%−5.4%−2.0%−16.6%Mar 16Mar 18Mar 20Mar 22Mar 24Mar 25

Results for the year to Mar 2025

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue268
  2. Materials and goods−208
  3. Employee costs−27
  4. Other expenses−36
  5. Operating profit−2.8
  6. Depreciation−10
  7. Other income+6.1
  8. One-off items0.0
  9. Finance costs−12
  10. Profit before tax−19
  11. Tax−26
  12. Net profit−45

What the company owns

  • Inventory₹173 Cr
  • Plant, investments and other assets₹132 Cr
  • Cash and bank₹7 Cr
  • Receivables₹3 Cr

What pays for it: net worth and liabilities

  • Borrowings₹331 Cr
  • Owed to suppliers₹158 Cr

Sir Shadi Lal Enterprises business segments, year to Mar 2025

A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them. A segment at a loss has no share of profit.

Revenue by segment

₹272 CrTotal
  • Sugar₹254 Cr93.6% of total
  • Distillery₹17 Cr6.4% of total

Profit by segment

  • Sugar₹6.64 Cr100.0% of total

Segment results by year

Standalone, ₹ crore, years to March.

  • Sugar

    Revenue, ₹ crore
    Profit, ₹ crore

  • Distillery

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue of all businesses374515569514611502272
Company revenue, as in its results372497549470552462268
Revenue334447499442495404254
Revenue growth–33.9%11.7%−11.5%12.1%−18.4%−37.0%
Profit−362−33−50−1857
Profit growth––––––31.4%
Margin−10.8%0.5%−6.6%−11.3%−3.6%1.2%2.6%
Return on capital––−33.6%––1.7%15.9%
Assets268246548205120659217
Liabilities450435449425376355175
Capital employed−182−18999−220−25630442
Revenue406868721159717
Revenue002000–
Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016. The last column is the twelve months to Dec 2025, the latest four quarters added.

₹ croreMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Dec 2025Twelve monthsFiled 29 Jan
Revenue from operations398398372497549470552462268359
363401383467546468562457271351
Materials and goods bought304330319399468399483386208284
Employee costs32–3231323138302727
Other expenses27–3237463941413641
Operating profit before depreciation35−3−103032−105−38
Operating margin8.9%−0.6%−2.7%6.0%0.5%0.4%−1.8%1.0%−1.0%2.1%
Materials, % of revenue76.3%–85.5%80.2%85.3%84.8%87.5%83.5%77.6%79.1%
Employee costs, % of revenue8.0%–8.5%6.2%5.9%6.5%7.0%6.6%10.1%7.5%
Other expenses, % of revenue6.9%–8.6%7.5%8.3%8.2%7.4%8.9%13.4%11.3%
Depreciation and amortisation24576711101012
Operating profit after depreciation34−7−1523−3−5−21−5−13−4
Other income1111201065
Finance costs161921211512941233
Profit before one-off items and tax18−24−353−17−17−30−9−19−33
One-off items––0000000−1
Profit before tax18−24−353−17−17−30−9−19−34
––00−200026−10
Net profit18−24−353−14−17−30−9−45−24
Other comprehensive income––014461−10−10
Total comprehensive income––−354431−16−31−9−45−23
Net margin4.5%−6.0%−9.4%0.6%−2.6%−3.5%−5.4%−2.0%−16.6%−6.6%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank.
Earlier years, Mar 2008 to Mar 2015
₹ croreMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015
Revenue from operations170320423347375428469402
198279379366–410503443
Materials and goods bought122197292285330349439385
Employee costs–––––323331
Other expenses–––––283228
Operating profit before depreciation−294044−18–19−34−41
Operating margin−16.8%12.6%10.4%−5.3%–4.4%−7.3%−10.3%
Materials, % of revenue–––––81.5%93.7%95.8%
Employee costs, % of revenue–––––7.5%7.0%7.6%
Other expenses, % of revenue–––––6.6%6.7%6.9%
Depreciation and amortisation12161513–983
Operating profit after depreciation−402429−31–10−42−45
Other income80111111
Finance costs1725151823262923
Profit before one-off items and tax–015−48−55−15−69−67
One-off items–––31–5416
Profit before tax−49015−17−55−10−65−50
−1252−3−16−1−23−19
Net profit−37−612−14−39−9−43−31
Net margin−21.9%−1.8%2.9%−4.1%−10.5%−2.2%−9.1%−7.7%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2025, after the latest full year: the balance sheet at its end.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025Half yearFiled 3 Nov
−99−95336321290659−210−228
Share capital55555555
Reserves−104−101331315285654−215−233
1781381371186939331361
400399434429397387296126
936364644429230317
Total assets3943678338147311,075316215
134131591614605975128129
2602362422001269918786
Net debt1621301281106634324355
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2025, after the latest full year: the cash flow over its six months.

₹ croreMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025Half year
46505548−253−12
54575948−253−12
50536943−254−9
Receivables−29281430
Inventories27146722−90102
Payables5211116−158−102
Other working capital0001−8−10
Tax paid000000
Interest paid−8−7−4−100
Capital spending193431141
Free cash flow27165347−267−14
−20−30−2−2−140
−23−19−59−4426912
Dividends paid000000
Shares bought back000000
Shares issued000000
Net change in cash30−5210
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Earnings per share₹34.18−₹45.43−₹66.70₹5.44−₹27.22−₹31.48−₹56.42−₹17.50−₹84.95
Diluted earnings per share₹34.18−₹45.43−₹66.70₹5.44−₹27.22−₹31.48−₹56.42−₹17.50−₹84.95
Book value per share––−₹188.96−₹181.63₹640.25₹610.60₹552.38₹1,255.35−₹399.27
Shareholder yield––––0.0%0.0%0.0%0.0%0.0%
Market cap at the year end (₹ crore)50–2115199064183137

Ratios

Standalone, years to March.

RatioMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue growth–0.0%−6.5%33.5%10.5%−14.4%17.5%−16.3%−41.9%
Operating profit growth––––−90.5%−28.0%–––
––35.3%−2.9%−11.9%−5.0%−9.7%−1.9%−19.8%
–––−38.2 pts−8.9 pts6.8 pts−4.7 pts7.8 pts−17.9 pts
From the net margin–––−37.5 pts16.2 pts−4.2 pts−2.6 pts6.1 pts−14.3 pts
From asset turnover–––−0.8 pts−4.0 pts6.0 pts−1.9 pts1.0 pts4.0 pts
From borrowing–––0.0 pts−21.2 pts5.0 pts−0.1 pts0.6 pts−7.6 pts
Return on capital employed––−19.1%54.5%−0.7%−1.2%−5.9%−0.7%−10.8%
Interest cover2.1––1.1–––––
Debt to equity––––0.410.370.240.06–
Receivable days––6659554
Inventory days––2521961461598080304
Payable days––250225222268214287277
Cash conversion cycle, days––8−23−71−100−129−20331
Working capital days––−49−57−73−132−157−213−3
Asset turnover––0.951.310.920.570.720.510.39
Assets per rupee of net worth––−3.97−3.914.992.512.531.903.09
Sales per rupee of plant––6.238.951.110.871.030.513.24
Capital spending to depreciation––––2.944.640.240.101.33
Plant being built, % of plant in use––1.0%7.5%4.1%0.1%0.1%0.0%0.7%
Interest cover is left blank for the years to Mar 2018, Mar 2019, Mar 2021, Mar 2022, Mar 2023, Mar 2024 and Mar 2025: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2019, Mar 2020 and Mar 2025: net worth is below zero, so there is no shareholders' money to set the borrowings against. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2025.

Return on assets, latest year
−6.4%
Measure10 years5 years3 years
Revenue growth, yearly rate−4.0%−11.6%−17.0%
Return on equity, average–−9.7%−10.5%
Return on capital employed, average–−3.9%−5.8%
Operating margin, average1.2%−0.2%−0.6%
Net margin, average−4.5%−6.0%−8.0%
Asset turnover, average–0.620.54
Cash conversion cycle, days, average–−94−100
Debt to equity, average–0.270.15

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2025.

₹ crore5 years3 yearsLatest year
Cash from operations−55−150−253
Cash from investing−68−17−14
Cash from financing124166269
Capital spending701714
Dividends paid000
Shares bought back000
Shares issued for cash000
Borrowings raised194194192
Borrowings repaid21418388

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Piotroski score, out of 9Published threshold 3 points out of 9––55563
Altman Z-scorePublished threshold 1.810.060.670.960.870.851.21−0.43
Beneish M-scorePublished threshold −1.78––−1.84−2.39−3.07−3.03−1.00
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets––−6.71−4.37−10.77−6.1132.04
Receivables growth less revenue growthOur threshold 0 percentage points–6.21−22.7966.27−44.06−10.54−3.37
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–−27.56−30.047.31−59.92−0.69152.07
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–−2.426.07−6.850.21−0.74−0.28
Assets under construction, years of additionsOur threshold 2 years of additions–1.520.050.010.140.00–
Effective tax ratePublished threshold 17.16 per cent–0.00–––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

DateAgencyBorrowing ratedRatingOutlookAmount, ₹ Cr
29 Jul 2026CARE Ratings LimitedLT/ST Fund-based/Non-fund-based-CC/WCDL/OD/LC/BGLong and short-term scalesWithdrawnWithdrawn
29 Jul 2026CARE Ratings LimitedFund-based - LT-Term LoanLong-term scaleWithdrawnWithdrawn
19 Feb 2026Infomerics Valuation and Ratings Private LimitedLong Term Bank FacilitiesLong-term scaleIVR B-/INCReview, DowngradeNegative97.76
11 Feb 2026Brickwork Ratings India Private LimitedBank Loan RatingsLong and short-term scalesBWR C/BWR A4 / --147.49
13 Jan 2026CRISIL Ratings LimitedBank FacilitiesLong-term scaleCrisil C(Issuer Not Cooperating)Rating continues at the same level9
13 Jan 2026CRISIL Ratings LimitedBank FacilitiesLong-term scaleCrisil C(Issuer Not Cooperating)Rating continues at the same level71
13 Jan 2026CRISIL Ratings LimitedBank FacilitiesLong-term scaleCrisil C(Issuer Not Cooperating)Rating continues at the same level18.55
13 Jan 2026CRISIL Ratings LimitedBank FacilitiesLong-term scaleCrisil C(Issuer Not Cooperating)Rating continues at the same level5
13 Jan 2026CRISIL Ratings LimitedBank FacilitiesLong-term scaleCrisil C(Issuer Not Cooperating)Rating continues at the same level1.45
13 Jan 2026CRISIL Ratings LimitedBank FacilitiesLong-term scaleCrisil C(Issuer Not Cooperating)Rating continues at the same level25
13 Jan 2026CRISIL Ratings LimitedBank FacilitiesLong-term scaleCrisil C(Issuer Not Cooperating)Rating continues at the same level70
The latest rating on each borrowing. The agency's name opens its reasoning for the rating.

Where the return came from

Yearly rates to Mar 2025, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−24.8%––0.0%
3 years+15.3%––0.0%
5 years+55.3%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Sir Shadi Lal Enterprises dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2025.

Dividends by the month each went ex
YearJanFebMarAprMayJunJulAugSepOctNovDecIn the year
2010₹2.00₹2.00

Interim or final dividendSpecial dividendNone that month

Sir Shadi Lal Enterprises dividend history

Every payment with its ex-date and record date, year by year.

2010

  • Sep9Thu

    ₹2.00Final

    Ex-date 9 Sep 2010 · books closed to 16 Sep 2010

    2.29%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.

Sir Shadi Lal Enterprises share price by year

Each calendar year to 2025.

YearClose at year endChangeHighest closeLowest close
2025276.00−9.0%311.85211.65
2024303.20+127.7%419.05134.80
2023133.15−19.4%182.05119.80
2022165.10+0.1%304.15114.75
2021165.00+223.8%210.7532.75
202050.95+59.2%50.9524.75
201932.00−21.3%41.8023.50
201840.65−40.0%69.7530.80
201767.75+3.3%162.1567.00
201665.60+132.6%73.5525.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 10 trading days to 2 Jun 2026, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
2 Jun 2026254.05268.10254.05263.55261.69527
1 Jun 2026275.00281.85254.00262.75266.101,996
29 May 2026260.00275.00257.00260.25260.322,272
27 May 2026264.20269.70259.00259.35260.711,515
26 May 2026267.95271.55260.00268.65267.83604
25 May 2026280.00280.00250.00255.25258.452,351
22 May 2026254.50270.00254.50269.00269.762,974
21 May 2026266.60279.95257.35276.15268.032,460
20 May 2026264.75269.95253.65266.55263.432,227
19 May 2026260.05264.80249.85257.85254.142,327
Prices in ₹ per share as traded, not adjusted.

Company details

BSE code
532879
ISIN
INE117H01019
Industry
Agricultural Food & other Products
Website
www.sirshadilal.com
CIN
L51909UP1933PLC146675
Corporate identity number, the registrar of companies' code for it
Incorporated
1933
Registered office
A-44, Hosiery Complex, Phase-II Extension, Noida 201305, Uttar Pradesh
Share registrar
Alankit Assignments Ltd
Keeps the register of shareholders and handles transfers and dividend payments