Shivalik Bimetal Controls Ltd

Shivalik Bimetal Controls Ltd

₹ 555 1.87%
23 Feb - 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 engaged in the business of manufacturing & sales of Thermostatic Bimetal /Trimetal strips and Components, Current Sense Metal Strip Shunts/Resistors, SMD Current Sense Resistors and other electron beam welded products. It specializes in the joining of metals by various methods such as diffusion bonding, electron beam welding, continuous brazing and resistance welding. [1]

  • Market Cap 3,200 Cr.
  • Current Price 555
  • High / Low 750 / 366
  • Stock P/E 42.8
  • Book Value 50.5
  • Dividend Yield 0.22 %
  • ROCE 37.7 %
  • ROE 33.0 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 35.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%
  • Company's median sales growth is 18.0% of last 10 years

Cons

  • Stock is trading at 11.0 times its book value
  • Promoter holding has decreased over last 3 years: -9.52%

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
59 67 70 76 88 89 98 105 108 110 113 112 112
46 54 54 58 68 70 73 79 80 83 84 85 88
Operating Profit 13 13 16 18 21 19 24 26 28 27 29 28 24
OPM % 21% 19% 23% 23% 23% 22% 25% 25% 26% 25% 26% 25% 22%
1 1 1 1 2 2 2 3 1 2 1 2 1
Interest 0 0 0 0 1 1 2 2 2 2 1 1 1
Depreciation 2 2 1 1 2 2 2 2 2 2 2 2 3
Profit before tax 12 12 15 17 20 18 23 25 24 25 27 27 22
Tax % 26% 27% 25% 25% 27% 25% 26% 26% 25% 24% 24% 26% 27%
9 9 11 13 15 13 17 19 18 19 20 20 16
EPS in Rs 1.54 1.49 1.94 2.23 2.55 2.30 2.97 3.26 3.17 3.28 3.51 3.42 2.76
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
79 78 81 95 99 119 158 193 187 204 324 420 448
73 71 70 80 85 100 132 158 166 168 251 315 340
Operating Profit 6 7 11 15 14 19 26 36 21 36 73 105 108
OPM % 8% 9% 14% 16% 14% 16% 16% 18% 11% 18% 23% 25% 24%
4 1 -1 -1 1 2 4 5 5 4 5 8 7
Interest 4 4 3 3 4 3 3 4 3 2 3 7 5
Depreciation 2 2 2 3 4 5 5 5 6 6 6 8 10
Profit before tax 4 2 4 8 6 14 22 32 16 33 70 98 100
Tax % 30% 35% 15% 41% 37% 38% 27% 29% 23% 26% 26% 25%
3 1 4 5 4 9 16 23 13 24 52 73 75
EPS in Rs 0.46 0.21 0.61 0.86 0.71 1.50 2.78 4.01 2.22 4.19 9.02 12.68 12.97
Dividend Payout % 0% 0% 0% 0% 0% 11% 14% 10% 9% 10% 7% 9%
Compounded Sales Growth
10 Years: 18%
5 Years: 22%
3 Years: 31%
TTM: 12%
Compounded Profit Growth
10 Years: 55%
5 Years: 35%
3 Years: 80%
TTM: 11%
Stock Price CAGR
10 Years: 70%
5 Years: 52%
3 Years: 117%
1 Year: 25%
Return on Equity
10 Years: 21%
5 Years: 26%
3 Years: 29%
Last Year: 33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 8 8 8 8 8 12 12
Reserves 48 49 52 57 61 67 78 98 108 131 180 243 279
51 41 39 44 42 29 36 45 25 29 58 53 34
16 18 19 22 19 18 27 26 21 51 56 54 50
Total Liabilities 119 111 113 127 127 118 148 176 162 218 302 362 375
21 21 20 35 33 43 45 45 45 46 79 102 108
CWIP 13 15 18 4 4 4 5 6 18 25 8 3 4
Investments 17 17 18 18 18 9 9 10 10 10 10 24 24
67 58 58 71 72 61 89 115 88 137 205 233 239
Total Assets 119 111 113 127 127 118 148 176 162 218 302 362 375

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 17 10 3 15 12 6 4 41 29 -3 61
-21 -4 -5 -5 -2 -3 -7 -7 -14 -15 -24 -37
16 -13 -5 2 -6 -17 1 3 -27 1 23 -18
Net Cash Flow -1 -0 0 -0 8 -8 0 0 -0 15 -5 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 74 86 98 92 89 81 78 65 60 77 67 69
Inventory Days 240 165 141 189 147 153 182 264 172 253 260 216
Days Payable 44 55 62 83 38 48 78 56 41 127 95 61
Cash Conversion Cycle 269 197 178 199 198 187 181 273 192 202 232 224
Working Capital Days 170 124 131 140 124 129 139 166 128 128 152 141
ROCE % 5% 5% 8% 13% 10% 16% 23% 27% 13% 22% 35% 38%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
60.61% 60.61% 60.61% 60.61% 60.61% 60.61% 60.61% 60.60% 60.60% 60.60% 51.09% 51.09%
0.00% 0.00% 0.01% 0.07% 0.21% 0.05% 0.06% 0.07% 0.08% 0.46% 4.18% 3.61%
0.06% 0.06% 0.02% 0.11% 0.13% 0.16% 0.17% 0.17% 0.17% 0.17% 1.45% 1.82%
39.33% 39.33% 39.36% 39.21% 39.05% 39.18% 39.17% 39.17% 39.14% 38.77% 43.28% 43.49%
No. of Shareholders 7,9658,42511,83213,92719,77921,41224,94929,59829,68835,65753,11156,266

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents