Shivalik Bimetal Controls Ltd

Shivalik Bimetal Controls Ltd

₹ 482 -1.16%
10 Jun - close price
About

Incorporated in 1984, Shivalik Bimetal Control Ltd. manufactures thermostatic bimetal/trimetal strips, components, shunt resistors and clad metals. [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.[1] It specializes in joining metals to form bimetal and trimetal strips and components which use niche technology such as electron beam welding, hot diffusion bonding, resistance welding, and continuous brazing. These are critical components used in switchgear, automobiles (including EVs), and in Energy Meters [2]

  • Market Cap 2,773 Cr.
  • Current Price 482
  • High / Low 730 / 342
  • Stock P/E 36.0
  • Book Value 70.4
  • Dividend Yield 0.35 %
  • ROCE 25.9 %
  • ROE 20.6 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%

Cons

  • Promoter holding is low: 33.2%
  • Promoter holding has decreased over last 3 years: -27.4%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
89 111 118 118 124 127 128 126 128 126 127 123 132
70 85 91 91 96 97 99 101 106 102 100 99 104
Operating Profit 19 25 27 27 28 30 29 25 22 24 27 25 28
OPM % 22% 23% 23% 23% 23% 24% 23% 20% 17% 19% 21% 20% 22%
3 6 3 1 2 2 2 2 16 4 3 4 4
Interest 1 2 2 2 2 1 1 1 1 1 1 1 1
Depreciation 2 2 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 19 28 26 23 26 28 27 23 33 24 27 24 28
Tax % 24% 21% 26% 28% 16% 24% 26% 26% 23% 24% 25% 25% 26%
14 22 19 17 22 21 20 17 26 18 20 18 21
EPS in Rs 2.51 3.77 3.34 2.89 3.73 3.69 3.53 2.94 4.46 3.09 3.46 3.17 3.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
76 95 109 119 158 193 187 204 324 470 509 508
66 85 95 100 132 158 166 168 251 361 403 405
Operating Profit 11 10 14 19 26 36 21 36 73 109 106 104
OPM % 14% 11% 13% 16% 16% 18% 11% 18% 23% 23% 21% 20%
1 2 0 2 5 7 5 6 9 11 22 15
Interest 3 4 4 3 3 4 3 2 3 7 5 4
Depreciation 2 3 4 5 5 5 6 6 6 11 12 12
Profit before tax 7 5 6 14 23 34 17 34 73 102 112 103
Tax % 28% 50% 42% 40% 27% 29% 22% 26% 25% 23% 25% 25%
5 3 3 8 17 25 13 25 55 79 84 77
EPS in Rs 0.82 0.47 0.58 1.43 2.87 4.28 2.34 4.43 9.57 13.73 14.63 13.38
Dividend Payout % 18% 42% 0% 12% 14% 9% 9% 9% 7% 9% 12% 20%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 16%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 42%
3 Years: 12%
TTM: -8%
Stock Price CAGR
10 Years: 48%
5 Years: 87%
3 Years: 20%
1 Year: -9%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 27%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4 4 4 4 8 8 8 8 8 12 12 12
Reserves 41 42 51 65 75 97 108 132 184 254 330 394
31 41 47 29 36 45 25 29 58 59 42 33
25 30 23 18 28 27 23 52 58 66 59 69
Total Liabilities 101 116 125 116 147 176 163 221 308 390 443 508
35 37 41 43 45 45 45 46 79 118 120 137
CWIP 1 3 4 4 5 6 18 25 8 7 14 24
Investments 0 0 1 7 8 11 11 13 17 8 11 13
65 76 78 61 89 115 88 137 205 258 298 334
Total Assets 101 116 125 116 147 176 163 221 308 390 443 508

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
8 2 16 12 6 4 41 30 -3 66 69 94
-9 -7 -2 -3 -7 -7 -14 -15 -24 -41 -18 -58
2 4 -6 -17 1 3 -27 0 23 -18 -29 -26
Net Cash Flow 1 -1 8 -8 0 0 -0 15 -5 7 21 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 122 106 88 81 78 65 60 77 67 72 82 80
Inventory Days 165 221 150 153 182 264 172 253 260 196 165 166
Days Payable 87 115 46 48 78 56 41 127 95 63 50 49
Cash Conversion Cycle 199 212 192 187 181 273 192 202 232 206 196 197
Working Capital Days 183 181 123 129 139 166 128 128 152 137 146 142
ROCE % 14% 12% 16% 24% 28% 14% 23% 36% 38% 33% 26%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.61% 60.61% 60.60% 60.60% 60.60% 51.09% 51.09% 51.13% 51.14% 33.18% 33.18% 33.18%
0.05% 0.06% 0.07% 0.08% 0.46% 4.18% 3.61% 3.26% 2.73% 3.96% 3.93% 3.63%
0.16% 0.17% 0.17% 0.17% 0.17% 1.45% 1.82% 1.90% 2.33% 20.02% 21.11% 21.06%
39.18% 39.17% 39.17% 39.14% 38.77% 43.28% 43.49% 43.70% 43.80% 42.84% 41.80% 42.13%
No. of Shareholders 21,41224,94929,59829,68835,65753,11156,26661,15565,47367,84870,61269,689

* 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.

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