Shivalik Bimetal Controls Ltd

Shivalik Bimetal Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shivalik Bimetal Controls Ltd

₹ 540 -1.98%
29 Nov - close price
shivalikbimetals.com BSE: 513097 NSE : SBCL
About

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. [1]

Key Points

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. It specializes in the joining of metals by various methods such as diffusion bonding, electron beam welding, continuous brazing and resistance welding. [1]

Website BSE NSE
  • Market Cap ₹ 3,112 Cr.
  • Current Price ₹ 540
  • High / Low ₹ 750 / 359
  • Stock P/E 40.4
  • Book Value ₹ 44.3
  • Dividend Yield 0.22 %
  • ROCE 37.7 %
  • ROE 33.0 %
  • Face Value ₹ 2.00
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Pros

  • 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 12.2 times its book value
  • Promoter holding has decreased over last quarter: -9.52%

* 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: Electronics Industry: Electronics - Components

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
49 59 67 70 76 88 89 98 105 108 110 113 112
42 46 54 54 58 68 70 73 79 80 83 84 85
Operating Profit 8 13 13 16 18 21 19 24 26 28 27 29 28
OPM % 15% 21% 19% 23% 23% 23% 22% 25% 25% 26% 25% 26% 25%
1 1 1 1 1 2 2 2 3 1 2 1 2
Interest 0 0 0 0 0 1 1 2 2 2 2 1 1
Depreciation 1 2 2 1 1 2 2 2 2 2 2 2 2
Profit before tax 7 12 12 15 17 20 18 23 25 24 25 27 27
Tax % 25% 26% 27% 25% 25% 27% 25% 26% 26% 25% 24% 24% 26%
5 9 9 11 13 15 13 17 19 18 19 20 20
EPS in Rs 0.87 1.54 1.49 1.94 2.23 2.55 2.30 2.97 3.26 3.17 3.28 3.51 3.42
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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 99 119 158 193 187 204 324 420 443
73 71 70 80 85 100 132 158 166 168 251 315 332
Operating Profit 6 7 11 15 14 19 26 36 21 36 73 105 112
OPM % 8% 9% 14% 16% 14% 16% 16% 18% 11% 18% 23% 25% 25%
4 1 -1 -1 1 2 4 5 5 4 5 8 6
Interest 4 4 3 3 4 3 3 4 3 2 3 7 6
Depreciation 2 2 2 3 4 5 5 5 6 6 6 8 9
Profit before tax 4 2 4 8 6 14 22 32 16 33 70 98 103
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 77
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 13.38
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: 17%
Compounded Profit Growth
10 Years: 55%
5 Years: 35%
3 Years: 80%
TTM: 21%
Stock Price CAGR
10 Years: 72%
5 Years: 55%
3 Years: 132%
1 Year: 31%
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
51 41 39 44 42 29 36 45 25 29 58 53
16 18 19 22 19 18 27 26 21 51 56 54
Total Liabilities 119 111 113 127 127 118 148 176 162 218 302 362
21 21 20 35 33 43 45 45 45 46 79 102
CWIP 13 15 18 4 4 4 5 6 18 25 8 3
Investments 17 17 18 18 18 9 9 10 10 10 10 24
67 58 58 71 72 61 89 115 88 137 205 233
Total Assets 119 111 113 127 127 118 148 176 162 218 302 362

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%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
60.61% 60.61% 60.61% 60.61% 60.61% 60.61% 60.61% 60.61% 60.60% 60.60% 60.60% 51.09%
0.00% 0.00% 0.00% 0.01% 0.07% 0.21% 0.05% 0.06% 0.07% 0.08% 0.46% 4.18%
0.06% 0.06% 0.06% 0.02% 0.11% 0.13% 0.16% 0.17% 0.17% 0.17% 0.17% 1.45%
39.33% 39.33% 39.33% 39.36% 39.21% 39.05% 39.18% 39.17% 39.17% 39.14% 38.77% 43.28%
No. of Shareholders 6,8427,9658,42511,83213,92719,77921,41224,94929,59829,68835,65753,111

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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