Shivalik Bimetal Controls Ltd

₹ 610 1.22%
23 Sep - close price
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 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. [1]
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. [2]

  • Market Cap 2,341 Cr.
  • Current Price 610
  • High / Low 655 / 256
  • Stock P/E 40.4
  • Book Value 48.7
  • Dividend Yield 0.16 %
  • ROCE 35.2 %
  • ROE 32.0 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 43.2% CAGR over last 5 years

Cons

  • Stock is trading at 12.5 times its book value

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
51 46 44 46 29 49 59 67 70 76 88 89 98
45 41 38 42 25 42 46 54 54 58 68 70 73
Operating Profit 5 5 6 4 3 8 13 13 16 18 21 19 24
OPM % 11% 10% 14% 10% 12% 15% 21% 19% 23% 23% 23% 22% 25%
1 1 1 1 1 1 1 1 1 1 2 2 2
Interest 1 1 1 1 0 0 0 0 0 0 1 1 2
Depreciation 1 1 2 2 1 1 2 2 1 1 2 2 2
Profit before tax 4 4 5 3 2 7 12 12 15 17 20 18 23
Tax % 30% 15% 23% 20% 26% 25% 26% 27% 25% 25% 27% 25% 26%
Net Profit 3 3 4 3 2 5 9 9 11 13 15 13 17
EPS in Rs 0.77 0.87 0.97 0.72 0.44 1.31 2.31 2.23 2.91 3.34 3.83 3.46 4.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
89 79 78 81 95 99 119 158 193 187 204 324 351
76 73 71 70 80 85 100 132 158 166 168 251 270
Operating Profit 13 6 7 11 15 14 19 26 36 21 36 73 82
OPM % 15% 8% 9% 14% 16% 14% 16% 16% 18% 11% 18% 23% 23%
1 4 1 -1 -1 1 2 4 5 5 4 5 7
Interest 3 4 4 3 3 4 3 3 4 3 2 3 4
Depreciation 2 2 2 2 3 4 5 5 5 6 6 6 7
Profit before tax 9 4 2 4 8 6 14 22 32 16 33 70 78
Tax % 26% 30% 35% 15% 41% 37% 38% 27% 29% 23% 26% 26%
Net Profit 6 3 1 4 5 4 9 16 23 13 24 52 58
EPS in Rs 1.67 0.68 0.31 0.92 1.29 1.07 2.24 4.16 6.01 3.32 6.29 13.54 15.09
Dividend Payout % 18% 0% 0% 0% 0% 0% 11% 14% 10% 9% 10% 7%
Compounded Sales Growth
10 Years: 15%
5 Years: 22%
3 Years: 19%
TTM: 43%
Compounded Profit Growth
10 Years: 49%
5 Years: 43%
3 Years: 31%
TTM: 72%
Stock Price CAGR
10 Years: 64%
5 Years: 55%
3 Years: 128%
1 Year: 121%
Return on Equity
10 Years: 17%
5 Years: 22%
3 Years: 22%
Last Year: 32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4 4 4 4 4 4 4 8 8 8 8 8
Reserves 45 48 49 52 57 61 67 78 98 108 131 180
30 51 41 39 44 42 29 36 45 25 28 58
24 16 18 19 22 19 18 27 26 21 52 57
Total Liabilities 103 119 111 113 127 127 118 148 176 162 218 302
20 21 21 20 35 33 43 45 45 45 46 80
CWIP 0 13 15 18 4 4 4 5 6 18 25 7
Investments 12 17 17 18 18 18 9 9 10 10 10 10
71 67 58 58 71 72 61 89 115 88 137 205
Total Assets 103 119 111 113 127 127 118 148 176 162 218 302

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4 4 17 10 3 15 12 6 4 41 30 -3
-7 -21 -4 -5 -5 -2 -3 -7 -7 -14 -15 -24
4 16 -13 -5 2 -6 -17 1 3 -27 0 23
Net Cash Flow 0 -1 -0 0 -0 8 -8 0 0 -0 15 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 93 74 86 98 92 89 81 78 65 60 77 67
Inventory Days 201 240 165 141 189 147 153 182 264 172 253 260
Days Payable 98 44 55 62 83 38 48 78 56 41 127 95
Cash Conversion Cycle 196 269 197 178 199 198 187 181 273 192 202 232
Working Capital Days 151 170 124 131 140 124 129 139 166 128 117 152
ROCE % 16% 5% 5% 8% 13% 10% 16% 23% 27% 13% 22% 35%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
60.50 60.53 60.55 60.55 60.61 60.61 60.61 60.61 60.61 60.61 60.61 60.61
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.07 0.21 0.05
0.06 0.09 0.06 0.06 0.06 0.06 0.06 0.06 0.02 0.11 0.13 0.16
39.43 39.37 39.39 39.39 39.33 39.33 39.33 39.33 39.36 39.21 39.05 39.18

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