Shivalik Bimetal Controls Ltd
Incorporated in 1984, Shivalik Bimetal Control Ltd. manufactures thermostatic bimetal/trimetal strips, components, shunt resistors and clad metals. [1]
- Market Cap ₹ 3,337 Cr.
- Current Price ₹ 579
- High / Low ₹ 750 / 460
- Stock P/E 44.6
- Book Value ₹ 50.5
- Dividend Yield 0.21 %
- ROCE 37.7 %
- ROE 33.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 35.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%
- Company's median sales growth is 18.0% of last 10 years
Cons
- Stock is trading at 11.5 times its book value
- Promoter holding has decreased over last 3 years: -9.48%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Non Ferrous Metals Industry: Mining / Minerals / Metals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
79 | 78 | 81 | 95 | 99 | 119 | 158 | 193 | 187 | 204 | 324 | 420 | 448 | |
73 | 71 | 70 | 80 | 85 | 100 | 132 | 158 | 166 | 168 | 251 | 315 | 340 | |
Operating Profit | 6 | 7 | 11 | 15 | 14 | 19 | 26 | 36 | 21 | 36 | 73 | 105 | 108 |
OPM % | 8% | 9% | 14% | 16% | 14% | 16% | 16% | 18% | 11% | 18% | 23% | 25% | 24% |
4 | 1 | -1 | -1 | 1 | 2 | 4 | 5 | 5 | 4 | 5 | 8 | 7 | |
Interest | 4 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 2 | 3 | 7 | 5 |
Depreciation | 2 | 2 | 2 | 3 | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 8 | 10 |
Profit before tax | 4 | 2 | 4 | 8 | 6 | 14 | 22 | 32 | 16 | 33 | 70 | 98 | 100 |
Tax % | 30% | 35% | 15% | 41% | 37% | 38% | 27% | 29% | 23% | 26% | 26% | 25% | |
3 | 1 | 4 | 5 | 4 | 9 | 16 | 23 | 13 | 24 | 52 | 73 | 75 | |
EPS in Rs | 0.46 | 0.21 | 0.61 | 0.86 | 0.71 | 1.50 | 2.78 | 4.01 | 2.22 | 4.19 | 9.02 | 12.68 | 12.97 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 11% | 14% | 10% | 9% | 10% | 7% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 18% |
5 Years: | 22% |
3 Years: | 31% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 55% |
5 Years: | 35% |
3 Years: | 80% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 69% |
5 Years: | 48% |
3 Years: | 114% |
1 Year: | 18% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 26% |
3 Years: | 29% |
Last Year: | 33% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 8 | 8 | 8 | 8 | 12 | 12 |
Reserves | 48 | 49 | 52 | 57 | 61 | 67 | 78 | 98 | 108 | 131 | 180 | 243 | 279 |
51 | 41 | 39 | 44 | 42 | 29 | 36 | 45 | 25 | 29 | 58 | 53 | 34 | |
16 | 18 | 19 | 22 | 19 | 18 | 27 | 26 | 21 | 51 | 56 | 54 | 50 | |
Total Liabilities | 119 | 111 | 113 | 127 | 127 | 118 | 148 | 176 | 162 | 218 | 302 | 362 | 375 |
21 | 21 | 20 | 35 | 33 | 43 | 45 | 45 | 45 | 46 | 79 | 102 | 108 | |
CWIP | 13 | 15 | 18 | 4 | 4 | 4 | 5 | 6 | 18 | 25 | 8 | 3 | 4 |
Investments | 17 | 17 | 18 | 18 | 18 | 9 | 9 | 10 | 10 | 10 | 10 | 24 | 24 |
67 | 58 | 58 | 71 | 72 | 61 | 89 | 115 | 88 | 137 | 205 | 233 | 239 | |
Total Assets | 119 | 111 | 113 | 127 | 127 | 118 | 148 | 176 | 162 | 218 | 302 | 362 | 375 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 17 | 10 | 3 | 15 | 12 | 6 | 4 | 41 | 29 | -3 | 61 | |
-21 | -4 | -5 | -5 | -2 | -3 | -7 | -7 | -14 | -15 | -24 | -37 | |
16 | -13 | -5 | 2 | -6 | -17 | 1 | 3 | -27 | 1 | 23 | -18 | |
Net Cash Flow | -1 | -0 | 0 | -0 | 8 | -8 | 0 | 0 | -0 | 15 | -5 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 74 | 86 | 98 | 92 | 89 | 81 | 78 | 65 | 60 | 77 | 67 | 69 |
Inventory Days | 240 | 165 | 141 | 189 | 147 | 153 | 182 | 264 | 172 | 253 | 260 | 216 |
Days Payable | 44 | 55 | 62 | 83 | 38 | 48 | 78 | 56 | 41 | 127 | 95 | 61 |
Cash Conversion Cycle | 269 | 197 | 178 | 199 | 198 | 187 | 181 | 273 | 192 | 202 | 232 | 224 |
Working Capital Days | 170 | 124 | 131 | 140 | 124 | 129 | 139 | 166 | 128 | 128 | 152 | 141 |
ROCE % | 5% | 5% | 8% | 13% | 10% | 16% | 23% | 27% | 13% | 22% | 35% | 38% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3h
- Announcement Under Regulation 30 - Proposal Of Acquisition Of Industrial Building From M/S Kulja Industries Limited Along With Leasehold Rights Of Land. 26 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 Apr
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Compliance Certificate Under Regulation 40(9) & 40(10) Of SEBI (LODR)Regulations, 2015
22 Apr - Compliance Certificate for the year ended March 31, 2024 under Regulation 40(9) & 40(10) of SEBI (LODR) Regulations, 2015.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 20 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023TranscriptNotesPPTREC
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May 2023Transcript PPT REC
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Mar 2023TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
Product Portfolio
The company is engaged in the business of manufacturing & sales of Thermostatic Bimetal /Trimetal strips and Components, Current Sense Metal Strip Shunts/Resistors, SMD Current Sense Resistors and other electron beam welded products.[1] It specializes in joining metals to form bimetal and trimetal strips and components which use niche technology such as electron beam welding, hot diffusion bonding, resistance welding, and continuous brazing. These are critical components used in switchgear, automobiles (including EVs), and in Energy Meters [2]