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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2025)
Investment Thesis
Shivchem Agro Limited (CIN: L01100MH1996PLC100380) is a Maharashtra-based ISO-certified agrochemical company that has demonstrated extraordinary growth — revenue grew ~490% in FY2023 and another 151% in FY2025. Its broad portfolio spans insecticides, fungicides, herbicides, PGR products, and fertilizers serving farmers across multiple states. The company filed a BSE SME IPO (March 2026) for 23.8 lakh shares to support further expansion, managed by the Agarwal family. Triple ISO certifications signal quality systems for an agri-input company of this scale.
Pros
Cons
Business Segments
Agrochemical formulations — insecticides, fungicides, herbicides, plant growth regulators (PGR), rodenticides, fertilizers
Distribution across multiple states; Maharashtra headquarters
Revenue Model
Revenue from manufacturing and/or trading of agrochemical products sold through dealer and distributor networks to farmers and agricultural input retailers across India.
Detailed Analysis
Growth Plans
Potential restructuring or revival under new management if the business still holds agrochemical licenses or distribution networks
Industry Tailwinds
Potential restructuring or revival under new management if the business still holds agrochemical licenses or distribution networks
Industry Headwinds
Near-certain capital loss at current price levels for equity shareholders
Recent Developments
Comparable Companies
Frequently Asked Questions
About Shivchem Agro Limited
Shivchem Agro Limited is a Delhi-based agrochemical company that conducted an SME IPO for listing on BSE SME. The company manufactures and distributes agrochemicals including pesticides, herbicides, fungicides, and plant growth regulators for Indian farmers. Shivchem targets the mid-market agro-input dealer network for distribution. The company is a small player in the fragmented Indian agrochemical market dominated by large global and domestic companies.
Key Milestones
1996 — Incorporated as Shivchem Agro Limited, Registrar of Companies, Maharashtra
Obtained triple ISO certification (ISO 9001:2015 / ISO 22000:2018 / ISO 31000:2018)
March 2026 — BSE SME IPO filed: 23,80,800 equity shares at ₹5 face value; lead manager Shannon Advisors
Common questions about unlisted shares
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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No active financial disclosures or management communications in the public domain
Key Strengths
BSE SME listing providing capital access
Growing Indian agrochemical market
Distribution network in North India
Key Weaknesses
Small scale vs large agrochemical companies
Branded agri-input market dominated by Bayer, Syngenta, PI Industries
Working capital intensive distribution
Share price at ₹0.05 with market cap of ₹20 Cr — reflects severe financial distress; equity shareholders face high risk of total capital loss.
Source: Company Financial Filings
No publicly available operational or financial data; company may be dormant or conducting minimal business activity.
Source: AlphaHub Research
Indian agrochemical market dominated by large listed players (UPL, PI Industries, Dhanuka, Bayer CropScience) with significant R&D and distribution scale advantages.
Source: Media Reports / Public Records
Small scale vs large agrochemical companies
Source: AlphaHub Research
Branded agri-input market dominated by Bayer, Syngenta, PI Industries
Source: Media Reports / Public Records
Working capital intensive distribution
Source: AlphaHub Research
Share price at ₹0.05 with market cap of ₹20 Cr — reflects severe financial distress; equity shareholders face high risk of total capital loss.
No publicly available operational or financial data; company may be dormant or conducting minimal business activity.
Indian agrochemical market dominated by large listed players (UPL, PI Industries, Dhanuka, Bayer CropScience) with significant R&D and distribution scale advantages.
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