Shivagrico Implements Ltd. Stock Analysis 522237.BO

Shivagrico Implements Ltd. engages in the provision of manufacturing and exporting of agricultural implements and hand tools. The firm has a range of approximately 150 products of agricultural implements and hand tools, such as picks, mattock, crowbars, hoes, hammers, garden rakes, shuttering clamps, and hoes, among others. The company also manufactures re-rolled products, such as angles, flats, rounds, polygons and squares. Its products are sold under the brands LION and CHETAK. Its rolling division has a capacity of approximately 36,000 metric tons per annum, and can produce angles, octagonal / hexagonal bars, rectangular bars, square bars as well as flat bars in special sections, which are used for various tools and also in the automobile industry. Its forging division has a capacity of approximately 2.6 million units of agricultural implements per annum, and can produce picks, mattocks, crowbars, hoes, hammers, digging bars and similar other products.