Shivalik Bimetal Controls Ltd

About [ edit ]

Shivalik Bimetal Controls Ltd. is a company specialized in the joining of material through various methods such as Diffusion Bonding / Cladding, Electron Beam Welding, Solder Reflow and Resistance Welding. Our present program includes Thermostatic Bimetal, Clad Metal, Spring Rolled stainless Steels, Electron Beam Welded Material with multi- Gauge and Multi- Materials strips and Thermostatic Edge- Welded Strips for a board spectrum of industries. ^#

Key Points [ edit ]

Product Portfolio
The company is in the business of manufacturing & sales of Thermostatic Bimetal /Trimetal strips, Components, Spring Rolled Stainless Steels, EB welded products with multigauge, Cold Bonded Bimetal Strips and Parts etc. ^#
Thermostatic Bimetal/Trimetal Strips account for 52% of revenues and the Shunt Resistors account for the rest 48% of company's revenues.

The shunt resistors division of the company is completely new and was started 4-5 years back by the company. ^#

Website BSE

Market Cap ₹ 350 Cr.
Current Price ₹ 91.0
High / Low ₹ 98.4 / 22.6
Stock P/E 19.1
Book Value ₹ 31.8
Dividend Yield 0.33 %
ROCE 13.2 %
ROE 11.4 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.

Cons

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Peer comparison

Sector: Electronics Industry: Electronics - Components

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020
	41.29	50.32	50.11	45.28	47.68	50.68	45.86	44.37	46.30	28.51	49.32	59.03
	34.30	41.49	40.97	36.29	39.11	45.29	41.23	38.06	41.88	25.13	41.80	46.45
Operating Profit	6.99	8.83	9.14	8.99	8.57	5.39	4.63	6.31	4.42	3.38	7.52	12.58
OPM %	16.93%	17.55%	18.24%	19.85%	17.97%	10.64%	10.10%	14.22%	9.55%	11.86%	15.25%	21.31%
Other Income	2.25	1.18	0.92	1.33	1.96	1.20	1.44	0.83	1.19	0.69	0.97	1.22
Interest	1.23	0.79	0.97	0.84	0.97	0.91	0.65	0.77	0.60	0.38	0.37	0.38
Depreciation	1.20	1.13	1.17	1.19	1.37	1.45	1.47	1.53	1.55	1.41	1.43	1.50
Profit before tax	6.81	8.09	7.92	8.29	8.19	4.23	3.95	4.84	3.46	2.28	6.69	11.92
Tax %	17.18%	28.31%	29.80%	28.95%	28.94%	30.50%	14.94%	23.35%	20.23%	25.88%	24.81%	25.67%
Net Profit	5.65	5.80	5.56	5.89	5.82	2.94	3.36	3.71	2.76	1.70	5.03	8.86
EPS in Rs	1.47	1.51	1.45	1.53	1.52	0.77	0.87	0.97	0.72	0.44	1.31	2.31
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	TTM
	70	74	89	79	78	81	95	99	119	158	193	187	183
	60	63	76	75	71	70	80	85	100	132	158	166	155
Operating Profit	10	11	13	4	7	11	15	14	19	26	36	21	28
OPM %	15%	15%	15%	5%	9%	13%	16%	14%	16%	16%	18%	11%	15%
Other Income	-1	1	1	6	1	-1	-0	1	2	4	5	5	4
Interest	3	3	3	4	4	3	3	4	3	3	4	3	2
Depreciation	2	2	2	2	2	2	3	4	5	5	5	6	6
Profit before tax	4	7	9	4	2	4	8	6	14	22	32	16	24
Tax %	2%	26%	26%	30%	35%	15%	41%	37%	38%	27%	29%	23%
Net Profit	4	5	6	3	1	4	5	4	9	16	23	13	18
EPS in Rs	1.04	1.33	1.67	0.68	0.31	0.92	1.29	1.07	2.24	4.16	6.01	3.32	4.78
Dividend Payout %	22%	17%	18%	0%	0%	0%	0%	0%	11%	14%	10%	9%

Compounded Sales Growth
10 Years:	10%
5 Years:	14%
3 Years:	16%
TTM:	-3%

Compounded Profit Growth
10 Years:	9%
5 Years:	18%
3 Years:	13%
TTM:	17%

Stock Price CAGR
10 Years:	24%
5 Years:	53%
3 Years:	-9%
1 Year:	217%

Return on Equity
10 Years:	12%
5 Years:	16%
3 Years:	18%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Sep 2020
	4	4	4	4	4	4	4	4	4	8	8	8	8
Reserves	36	40	45	48	49	52	57	61	67	78	98	108	114
Borrowings	24	22	30	51	41	39	44	42	29	36	45	25	18
	17	23	24	16	18	19	22	19	18	27	26	21	37
Total Liabilities	82	88	103	119	111	113	127	127	118	148	176	162	177
	18	18	20	21	21	20	35	33	43	45	45	45	44
CWIP	0	1	0	13	15	18	4	4	4	5	6	18	20
Investments	9	10	12	17	17	18	18	18	9	9	10	10	10
	54	60	71	67	58	58	71	72	61	89	115	88	103
Total Assets	82	88	103	119	111	113	127	127	118	148	176	162	177

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
	5	10	4	4	17	10	3	15	12	6	4	41
	-9	-3	-7	-21	-4	-5	-5	-2	-3	-7	-7	-14
	2	-6	4	16	-13	-5	2	-6	-17	1	3	-27
Net Cash Flow	-1	0	0	-1	-0	0	-0	8	-8	0	0	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
ROCE %	13%	16%	16%	5%	5%	8%	13%	10%	16%	23%	27%	13%
Debtor Days	115	124	93	74	86	98	92	89	81	78	65	60
Inventory Turnover	1.90	2.11	2.25	1.65	1.82	2.46	2.40	2.29	2.59	2.51	1.78	1.82

Shareholding Pattern

Numbers in percentages

Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021
61.04	60.88	60.77	60.77	60.50	60.50	60.53	60.55	60.55	60.61	60.61	60.61
0.06	0.06	0.06	0.06	0.06	0.06	0.09	0.06	0.06	0.06	0.06	0.06
38.90	39.05	39.16	39.16	39.43	39.43	39.37	39.39	39.39	39.33	39.33	39.33

Shivalik Bimetal Controls Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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