Shivalik Rasayan Limited (SHIVALIK.NS)

Shivalik Rasayan Limited (SHIVALIK.NS) — VMCI valuation read

Shivalik Rasayan Limited sits at VMCI 50/100, with the Basic Materials sector median at 50. That 0-point spread is the first thing to note on SHIVALIK.NS: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on SHIVALIK.NS are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on SHIVALIK.NS: SHIVALIK.NS trades at 14.0x earnings, 22% below the Basic Materials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Basic Materials median (10.0%). The Risk read: net debt to EBITDA of 2.8x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

SHIVALIK.NS fell 3.7% over the trailing 7 days, with a +7.1% read on a 30-day basis.