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: 144.59 Cr.
  • Current Price: 37.65
  • 52 weeks High / Low 107.00 / 19.50
  • Book Value: 30.03
  • Stock P/E: 11.50
  • Dividend Yield: 0.80 %
  • ROCE: 26.61 %
  • ROE: 24.22 %
  • Sales Growth (3Yrs): 25.07 %
  • Listed on BSE
  • Company Website
  • Face Value: 2.00
Edit ratios
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

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
36.94 38.02 41.66 41.29 50.32 50.11 45.28 47.68 50.68 45.86 44.37 46.30
29.78 31.94 36.19 34.30 41.49 40.97 36.29 39.11 45.29 41.23 38.06 41.88
Operating Profit 7.16 6.08 5.47 6.99 8.83 9.14 8.99 8.57 5.39 4.63 6.31 4.42
OPM % 19.38% 15.99% 13.13% 16.93% 17.55% 18.24% 19.85% 17.97% 10.64% 10.10% 14.22% 9.55%
Other Income 0.42 0.26 1.15 2.25 1.18 0.92 1.33 1.96 1.20 1.44 0.83 1.19
Interest 0.59 0.77 0.72 1.23 0.79 0.97 0.84 0.97 0.91 0.65 0.77 0.60
Depreciation 1.12 1.14 1.16 1.20 1.13 1.17 1.19 1.37 1.45 1.47 1.53 1.55
Profit before tax 5.87 4.43 4.74 6.81 8.09 7.92 8.29 8.19 4.23 3.95 4.84 3.46
Tax % 35.26% 22.12% 35.23% 17.18% 28.31% 29.80% 28.95% 28.94% 30.50% 14.94% 23.35% 20.23%
Net Profit 3.81 3.46 3.07 5.65 5.80 5.56 5.89 5.82 2.94 3.36 3.71 2.76
EPS in Rs 1.00 0.90 0.80 1.47 1.51 1.47 1.54 1.48 0.77 0.83 0.94 0.20
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 99 119 158 193 187
63 60 63 76 75 71 70 80 85 100 132 158 166
Operating Profit 9 10 11 13 4 7 11 15 14 19 26 36 21
OPM % 13% 15% 15% 15% 5% 9% 13% 16% 14% 16% 16% 18% 11%
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 16
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 13
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 2.74
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:-3.20%
Compounded Profit Growth
10 Years:17.99%
5 Years:42.23%
3 Years:75.99%
TTM:-45.51%
Stock Price CAGR
10 Years:9.00%
5 Years:19.00%
3 Years:0.22%
1 Year:-64.35%
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 Mar 2020
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 98 108
Borrowings 18 24 22 30 51 41 39 44 42 29 36 45 20
24 17 23 24 16 18 19 22 19 18 27 26 26
Total Liabilities 78 82 88 103 119 111 113 127 127 118 148 176 162
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 17
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 88
Total Assets 78 82 88 103 119 111 113 127 127 118 148 176 162

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 1.74 1.90 2.11 2.25 1.65 1.82 2.46 2.40 2.29 2.59 2.51 1.78

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
61.85 61.85 61.82 61.24 61.04 60.88 60.77 60.77 60.50 60.50 60.53 60.55
0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01 0.01 0.04 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.09 0.06
38.14 38.14 38.13 38.69 38.90 39.05 39.16 39.16 39.43 39.43 39.37 39.39