Shivalik Bimetal Controls Ltd
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]
- Market Cap ₹ 2,143 Cr.
- Current Price ₹ 372
- High / Low ₹ 507 / 220
- Stock P/E 33.6
- Book Value ₹ 38.3
- Dividend Yield 0.18 %
- ROCE 35.1 %
- ROE 31.9 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 43.1% CAGR over last 5 years
Cons
- Stock is trading at 9.71 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.
Peer comparison
Sector: Electronics Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 380 | |
76 | 73 | 71 | 70 | 80 | 85 | 100 | 132 | 158 | 166 | 168 | 251 | 290 | |
Operating Profit | 13 | 6 | 7 | 11 | 15 | 14 | 19 | 26 | 36 | 21 | 36 | 73 | 90 |
OPM % | 15% | 8% | 9% | 14% | 16% | 14% | 16% | 16% | 18% | 11% | 18% | 23% | 24% |
1 | 4 | 1 | -1 | -1 | 1 | 2 | 4 | 5 | 5 | 4 | 5 | 9 | |
Interest | 3 | 4 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 2 | 3 | 5 |
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 | 86 |
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 | 64 |
EPS in Rs | 1.12 | 0.46 | 0.21 | 0.61 | 0.86 | 0.71 | 1.50 | 2.78 | 4.01 | 2.22 | 4.19 | 9.02 | 11.08 |
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: | 39% |
Compounded Profit Growth | |
---|---|
10 Years: | 49% |
5 Years: | 43% |
3 Years: | 31% |
TTM: | 54% |
Stock Price CAGR | |
---|---|
10 Years: | 61% |
5 Years: | 41% |
3 Years: | 129% |
1 Year: | 31% |
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 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 8 | 8 | 8 | 8 | 8 | |
Reserves | 45 | 48 | 49 | 52 | 57 | 61 | 67 | 78 | 98 | 108 | 131 | 180 | 213 |
30 | 51 | 41 | 39 | 44 | 42 | 29 | 36 | 45 | 25 | 29 | 58 | 67 | |
24 | 16 | 18 | 19 | 22 | 19 | 18 | 27 | 26 | 21 | 51 | 56 | 55 | |
Total Liabilities | 103 | 119 | 111 | 113 | 127 | 127 | 118 | 148 | 176 | 162 | 218 | 302 | 343 |
20 | 21 | 21 | 20 | 35 | 33 | 43 | 45 | 45 | 45 | 46 | 79 | 86 | |
CWIP | 0 | 13 | 15 | 18 | 4 | 4 | 4 | 5 | 6 | 18 | 25 | 8 | 12 |
Investments | 12 | 17 | 17 | 18 | 18 | 18 | 9 | 9 | 10 | 10 | 10 | 10 | 24 |
71 | 67 | 58 | 58 | 71 | 72 | 61 | 89 | 115 | 88 | 137 | 205 | 222 | |
Total Assets | 103 | 119 | 111 | 113 | 127 | 127 | 118 | 148 | 176 | 162 | 218 | 302 | 343 |
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 | 29 | -3 | |
-7 | -21 | -4 | -5 | -5 | -2 | -3 | -7 | -7 | -14 | -15 | -24 | |
4 | 16 | -13 | -5 | 2 | -6 | -17 | 1 | 3 | -27 | 1 | 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 | 128 | 152 |
ROCE % | 16% | 5% | 5% | 8% | 13% | 10% | 16% | 23% | 27% | 13% | 22% | 35% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Jan
- Intimation Under Regulation 30 - Partially Withdrawal Of Application Filed For Reclassification Under 31A Of The SEBI (LODR) Regulations, 2015 9 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Dear Sir/Madam, As informed/confirmed by our Registrar and Share Transfer Agents, MAS Services Ltd., (Copy of RTA letter is enclosed) the details of the securities …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Jan
- Closure of Trading Window 31 Dec
Annual reports
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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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Concalls
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Nov 2021TranscriptPPT
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]