Shivalik Bimetal Controls Ltd

Shivalik Bimetal Controls Limited is engaged in manufacturing Thermostatic Bi-metal/Tri-metal Strips and Parts, and Shunt (Resistors).

  • Market Cap: 135.95 Cr.
  • Current Price: 35.40
  • 52 weeks High / Low 115.40 / 19.50
  • Book Value: 28.72
  • Stock P/E: 8.70
  • Dividend Yield: 1.69 %
  • ROCE: 26.61 %
  • ROE: 24.22 %
  • Sales Growth (3Yrs): 25.07 %
  • Listed on BSE
  • Company Website
  • Face Value: 2.00
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Pros:
Company has reduced debt.
Company has good consistent profit growth of 42.23% over 5 years
Cons:

Peer comparison Sector: Electronics // Industry: Electronics - Components

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
31 37 38 42 41 50 50 45 48 51 46 44
25 30 32 36 34 41 41 36 39 45 41 38
Operating Profit 6 7 6 5 7 9 9 9 9 5 5 6
OPM % 20% 19% 16% 13% 17% 18% 18% 20% 18% 11% 10% 14%
Other Income 1 0 0 1 2 1 1 1 2 1 1 1
Interest 0 1 1 1 1 1 1 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2
Profit before tax 5 6 4 5 7 8 8 8 8 4 4 5
Tax % 40% 35% 22% 35% 17% 28% 30% 29% 29% 30% 15% 23%
Net Profit 3 4 3 3 6 6 6 6 6 3 3 4
EPS in Rs 0.82 1.00 0.90 0.80 1.47 1.51 1.47 1.54 1.48 0.77 0.83 0.94
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
72 70 74 89 79 78 81 95 99 119 158 193 189
63 60 63 76 75 71 70 80 85 100 132 158 164
Operating Profit 9 10 11 13 4 7 11 15 14 19 26 36 25
OPM % 13% 15% 15% 15% 5% 9% 13% 16% 14% 16% 16% 18% 13%
Other Income 2 -1 1 1 6 1 -1 -0 1 2 4 5 5
Interest 3 3 3 3 4 4 3 3 4 3 3 4 3
Depreciation 2 2 2 2 2 2 2 3 4 5 5 5 6
Profit before tax 7 4 7 9 4 2 4 8 6 14 22 32 21
Tax % 3% 2% 26% 26% 30% 35% 15% 41% 37% 38% 27% 29%
Net Profit 7 4 5 6 3 1 4 5 4 9 16 23 16
EPS in Rs 1.72 1.01 1.29 1.63 0.69 0.31 0.92 1.29 1.07 2.25 4.16 6.01 4.02
Dividend Payout % 22% 22% 17% 18% 0% 0% 0% 0% 0% 11% 14% 10%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.66%
5 Years:19.10%
3 Years:25.07%
TTM:0.85%
Compounded Profit Growth
10 Years:17.99%
5 Years:42.23%
3 Years:75.99%
TTM:-31.75%
Stock Price CAGR
10 Years:7.91%
5 Years:20.13%
3 Years:-2.72%
1 Year:-67.77%
Return on Equity
10 Years:12.37%
5 Years:15.85%
3 Years:19.75%
Last Year:24.22%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
4 4 4 4 4 4 4 4 4 4 8 8 8
Reserves 33 36 40 45 48 49 52 57 61 67 78 98 103
Borrowings 18 24 22 30 51 41 39 44 42 29 36 45 23
24 17 23 24 16 18 19 22 19 18 27 26 33
Total Liabilities 78 82 88 103 119 111 113 127 127 118 148 176 166
19 18 18 20 21 21 20 35 33 43 45 45 46
CWIP 0 0 1 0 13 15 18 4 4 4 5 6 9
Investments 1 9 10 12 17 17 18 18 18 9 9 10 10
58 54 60 71 67 58 58 71 72 61 89 115 101
Total Assets 78 82 88 103 119 111 113 127 127 118 148 176 166

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
11 5 10 4 4 17 10 3 15 12 6 4
-1 -9 -3 -7 -21 -4 -5 -5 -2 -3 -7 -7
-9 2 -6 4 16 -13 -5 2 -6 -17 1 3
Net Cash Flow 1 -1 0 0 -1 -0 0 -0 8 -8 0 0

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 19% 13% 16% 16% 5% 5% 8% 13% 10% 16% 23% 27%
Debtor Days 123 115 124 93 74 86 98 92 89 81 78 65
Inventory Turnover 1.72 1.86 2.08 2.21 1.62 1.77 2.40 2.35 2.22 2.51 2.45 1.75