# HDL vs SHIVM

[HDL](https://nepse.link/stocks/HDL) (Himalayan Distillery Limited) and [SHIVM](https://nepse.link/stocks/SHIVM) (Shivam Cements Limited) are two of the most traded Manufacturing And Processing stocks on NEPSE. Their numbers side by side, as of 2026-11-06, with results from q4 FY 082/083.

HDL is ahead of SHIVM on 4 of the 6 measures below. None of this is a recommendation; it is what the latest numbers say. HDL is the bigger company by market value (Rs 4,790.82 crore), 1.3 times SHIVM (Rs 3,831.36 crore).

## Which is ahead on each measure

- HDL is cheaper on P/E (39.7 against 135.6 for SHIVM).
- SHIVM is cheaper on price to book (3.6 against 9.2 for HDL).
- SHIVM has done better over a year (+16.8% against +9.5% for HDL).
- HDL declared the bigger latest dividend (25.00% for 081/082).
- HDL earns more on its equity (ROE 23.13% against 2.66%).
- HDL grew its net profit faster against the same quarter last year (+26.6% against -66.3% for SHIVM).

## HDL and SHIVM side by side

| Measure | HDL | SHIVM |
| --- | --- | --- |
| Last close | Rs 1,299.00 | Rs 685.00 |
| Change, 1 month | +3.00% | +2.09% |
| Change, 1 year | +9.53% | +16.78% |
| EPS | Rs 32.71 | Rs 5.05 |
| P/E | 39.7 | 135.6 |
| Book value per share | Rs 141.43 | Rs 190.30 |
| Price to book | 9.18 | 3.60 |
| ROE | 23.13% | 2.66% |
| Net profit growth, same quarter last year | +26.6% | -66.3% |
| Latest dividend | 25.00% (081/082) | 12.50% (081/082) |
| Market value | Rs 4,790.82 crore | Rs 3,831.36 crore |
| Average daily turnover, 30 days | Rs 9.56 crore | Rs 11.33 crore |

## Do they move together?

Over the last year their daily returns had a correlation of 0.63 (1 means they move in step, 0 means unrelated). That is high: holding both adds little diversification.

## More Manufacturing And Processing comparisons

- [GCIL vs HDL](https://nepse.link/stocks/compare/GCIL-vs-HDL)
- [GCIL vs SHIVM](https://nepse.link/stocks/compare/GCIL-vs-SHIVM)
- [HDL vs RSML](https://nepse.link/stocks/compare/HDL-vs-RSML)
- [HDL vs SONA](https://nepse.link/stocks/compare/HDL-vs-SONA)
- [RSML vs SHIVM](https://nepse.link/stocks/compare/RSML-vs-SHIVM)
- [SHIVM vs SONA](https://nepse.link/stocks/compare/SHIVM-vs-SONA)
- [Every Manufacturing And Processing stock](https://nepse.link/stocks/sector/manufacturing-and-processing)

Data from the Nepal Stock Exchange, refreshed four times a day by [nepse.link](https://nepse.link/about). Prices are adjusted for bonus and right shares. Not investment advice.