Shivalik Bimetal Controls Ltd

AI

Shivalik Bimetal Controls Ltd

₹ 1,025 -0.02%
20 Aug - 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:[1] [2]
The company is India’s only fully integrated manufacturer of precision thermostatic bimetals, low‑ohmic shunt resistors, silver contacts, bus bar connectors and PCBA assemblies. These critical components enable accurate sensing, switching and thermal control across electric vehicles, smart meters, switchgear and energy ‑storage systems. Its business model is built on proprietary process know-how across Electron Beam Welding, Diffusion Bonding, Cold Bonding and precision strip processing.

  • Market Cap 5,892 Cr.
  • Current Price 1,025
  • High / Low 1,105 / 369
  • Stock P/E 55.3
  • Book Value 83.6
  • Dividend Yield 0.39 %
  • ROCE 26.6 %
  • ROE 21.8 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.0%
  • Company has been maintaining a healthy dividend payout of 18.6%

Cons

  • Stock is trading at 12.3 times its book value
  • Promoter holding is low: 33.6%
  • Promoter holding has decreased over last 3 years: -27.0%

* 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

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
127 128 126 128 126 127 123 132 137 137 134 163 182
97 99 101 106 102 100 99 104 105 106 102 127 139
Operating Profit 30 29 25 22 24 27 25 28 32 31 32 35 43
OPM % 24% 23% 20% 17% 19% 21% 20% 22% 23% 23% 24% 22% 24%
2 2 2 16 4 3 4 4 3 6 2 4 6
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 3 3 3 3 3 3 3 3 3 3 4 4 4
Profit before tax 28 27 23 33 24 27 24 28 30 32 30 35 44
Tax % 24% 26% 26% 23% 24% 25% 25% 26% 25% 23% 25% 25% 25%
21 20 17 26 18 20 18 21 23 25 22 26 33
EPS in Rs 3.69 3.53 2.94 4.46 3.09 3.46 3.17 3.65 3.95 4.31 3.85 4.52 5.73
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
95 109 119 158 193 187 204 324 470 509 508 571 616
85 95 100 132 158 166 168 251 361 403 405 440 475
Operating Profit 10 14 19 26 36 21 36 73 109 106 104 131 142
OPM % 11% 13% 16% 16% 18% 11% 18% 23% 23% 21% 20% 23% 23%
2 0 2 5 7 5 6 9 11 22 14 14 18
Interest 4 4 3 3 4 3 2 3 7 5 4 5 5
Depreciation 3 4 5 5 5 6 6 6 11 12 12 14 14
Profit before tax 5 6 14 23 34 17 34 73 102 112 103 127 140
Tax % 50% 42% 40% 27% 29% 22% 26% 25% 23% 25% 25% 24%
3 3 8 17 25 13 25 55 79 84 77 96 106
EPS in Rs 0.47 0.58 1.43 2.87 4.28 2.34 4.43 9.57 13.73 14.63 13.38 16.64 18.41
Dividend Payout % 42% 0% 12% 14% 9% 9% 9% 7% 9% 12% 20% 24%
Compounded Sales Growth
10 Years: 18%
5 Years: 23%
3 Years: 7%
TTM: 19%
Compounded Profit Growth
10 Years: 40%
5 Years: 31%
3 Years: 7%
TTM: 30%
Stock Price CAGR
10 Years: 59%
5 Years: 58%
3 Years: 26%
1 Year: 93%
Return on Equity
10 Years: 24%
5 Years: 26%
3 Years: 23%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 4 4 4 8 8 8 8 8 12 12 12 12
Reserves 42 51 65 75 97 108 132 184 254 330 394 470
41 47 29 36 45 25 29 58 59 42 42 71
30 23 18 28 27 23 52 58 66 59 60 83
Total Liabilities 116 125 116 147 176 163 221 308 390 443 508 636
37 41 43 45 45 45 46 79 118 120 137 150
CWIP 3 4 4 5 6 18 25 8 7 14 24 35
Investments 0 1 7 8 11 11 13 17 8 11 13 16
76 78 61 89 115 88 137 205 258 298 334 435
Total Assets 116 125 116 147 176 163 221 308 390 443 508 636

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2 16 12 6 4 41 30 -3 66 69 94 55
-7 -2 -3 -7 -7 -14 -15 -24 -41 -41 -58 -68
4 -6 -17 1 3 -27 0 23 -18 -29 -26 -0
Net Cash Flow -1 8 -8 0 0 -0 15 -5 7 -2 10 -14
Free Cash Flow -5 14 9 -2 -2 27 15 -28 35 47 63 20
CFO/OP 37% 125% 88% 40% 35% 228% 103% 19% 85% 90% 114% 65%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 106 88 81 78 65 60 77 67 72 82 80 99
Inventory Days 221 150 153 182 264 172 253 260 196 165 166 179
Days Payable 115 46 48 78 56 41 127 95 63 50 49 65
Cash Conversion Cycle 212 192 187 181 273 192 202 232 206 197 197 213
Working Capital Days 181 -1 68 86 105 108 92 104 109 125 124 128
ROCE % 12% 16% 24% 28% 14% 23% 36% 38% 33% 26% 27%

Insights

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Mar 2018 Mar 2020 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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Shunt Resistor Volume
Kgs ・Standalone data
Thermostatic Bimetal Volume
Kgs ・Standalone data
Total Employees
number ・Standalone data
Electrical Contacts Revenue Share
%
Proprietary Bimetal Grades
number ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

17 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
51.09% 51.09% 51.13% 51.14% 33.18% 33.18% 33.18% 33.18% 33.18% 33.18% 33.36% 33.61%
4.18% 3.61% 3.26% 2.73% 3.96% 3.93% 3.63% 3.14% 3.03% 2.59% 1.73% 2.04%
1.45% 1.82% 1.90% 2.33% 20.02% 21.11% 21.06% 21.00% 20.20% 19.71% 20.00% 14.54%
43.28% 43.49% 43.70% 43.80% 42.84% 41.80% 42.13% 42.67% 43.61% 44.54% 44.90% 49.81%
No. of Shareholders 53,11156,26661,15565,47367,84870,61269,68967,48466,29364,01060,95665,391

* 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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