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: 137.87 Cr.
  • Current Price: 35.90
  • 52 weeks High / Low 81.60 / 19.50
  • Book Value: 30.01
  • Stock P/E: 10.40
  • Dividend Yield: 0.84 %
  • ROCE: 28.36 %
  • ROE: 26.26 %
  • Sales Growth (3Yrs): 21.18 %
  • Listed on BSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company has reduced debt.
Stock is trading at 1.20 times its book value
Cons:

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
50.32 50.11 45.28 47.68 50.68 45.86 44.37 46.30
41.49 40.97 36.31 39.12 45.29 41.23 38.07 42.55
Operating Profit 8.83 9.14 8.97 8.56 5.39 4.63 6.30 3.75
OPM % 17.55% 18.24% 19.81% 17.95% 10.64% 10.10% 14.20% 8.10%
Other Income 1.48 1.36 1.38 3.14 1.74 1.79 1.31 1.19
Interest 0.79 0.97 0.84 0.97 0.91 0.65 0.77 0.60
Depreciation 1.13 1.17 1.19 1.37 1.45 1.47 1.53 1.55
Profit before tax 8.39 8.36 8.32 9.36 4.77 4.30 5.31 2.79
Tax % 28.25% 29.19% 29.45% 27.46% 27.46% 12.33% 22.60% 24.01%
Net Profit 6.02 5.93 5.88 6.80 3.46 3.77 4.11 2.12
EPS in Rs 1.57 1.56 1.54 1.73 0.90 0.95 1.05 0.55
Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
76 75 76 95 109 119 158 193 187
66 66 66 85 95 100 132 158 167
Operating Profit 10 9 11 10 14 19 26 36 20
OPM % 13% 12% 14% 11% 13% 16% 16% 18% 11%
Other Income 2 0 1 2 1 2 5 7 6
Interest 3 3 3 4 4 3 3 4 3
Depreciation 2 2 2 3 4 5 5 5 6
Profit before tax 8 5 7 5 6 14 23 34 17
Tax % 4% 4% 28% 50% 42% 40% 27% 29%
Net Profit 7 5 5 3 3 8 17 25 13
EPS in Rs 1.85 1.15 1.20 0.66 0.87 2.12 4.30 6.41 3.45
Dividend Payout % 21% 19% 18% 42% 0% 12% 14% 9%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.93%
5 Years:%
3 Years:21.18%
TTM:-3.20%
Compounded Profit Growth
10 Years:17.35%
5 Years:%
3 Years:92.63%
TTM:-46.16%
Stock Price CAGR
10 Years:8.83%
5 Years:18.40%
3 Years:0.87%
1 Year:-53.65%
Return on Equity
10 Years:%
5 Years:%
3 Years:21.38%
Last Year:26.26%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4 4 4 4 4 4 8 8 8
Reserves 33 37 41 42 51 65 75 97 108
Borrowings 18 25 31 41 47 29 36 45 20
26 22 25 30 23 18 28 27 27
Total Liabilities 81 87 101 116 125 116 147 176 163
20 20 35 37 41 43 45 45 46
CWIP 0 9 1 3 4 4 5 6 17
Investments 0 0 0 0 1 7 8 11 11
60 58 65 76 78 61 89 114 88
Total Assets 81 87 101 116 125 116 147 176 163

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019
12 8 8 2 16 12 6 4
-1 -10 -9 -7 -2 -3 -7 -7
-9 3 2 4 -6 -17 1 3
Net Cash Flow 2 0 1 -1 8 -8 0 0

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 14% 14% 12% 16% 24% 28%
Debtor Days 121 115 122 106 88 81 78 65
Inventory Turnover 1.98 2.11 2.15 2.43 2.51 1.78

Shareholding pattern in percentages

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