Shivalik Bimetal Controls Ltd
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]
- Market Cap ₹ 3,180 Cr.
- Current Price ₹ 552
- High / Low ₹ 750 / 359
- Stock P/E 39.9
- Book Value ₹ 52.6
- Dividend Yield 0.22 %
- ROCE 38.1 %
- ROE 34.6 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 36.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.6%
Cons
- Stock is trading at 10.5 times its book value
- Promoter holding has decreased over last quarter: -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.
Peer comparison
Sector: Electronics Industry: Electronics - Components
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
76 | 75 | 76 | 95 | 109 | 119 | 158 | 193 | 187 | 204 | 324 | 470 | 497 | |
66 | 66 | 66 | 85 | 95 | 100 | 132 | 158 | 166 | 168 | 251 | 361 | 383 | |
Operating Profit | 10 | 9 | 11 | 10 | 14 | 19 | 26 | 36 | 21 | 36 | 73 | 109 | 114 |
OPM % | 13% | 12% | 14% | 11% | 13% | 16% | 16% | 18% | 11% | 18% | 23% | 23% | 23% |
2 | 0 | 1 | 2 | 0 | 2 | 5 | 7 | 5 | 6 | 9 | 11 | 7 | |
Interest | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 4 | 3 | 2 | 3 | 7 | 6 |
Depreciation | 2 | 2 | 2 | 3 | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 11 | 11 |
Profit before tax | 8 | 5 | 7 | 5 | 6 | 14 | 23 | 34 | 17 | 34 | 73 | 102 | 104 |
Tax % | 4% | 4% | 28% | 50% | 42% | 40% | 27% | 29% | 22% | 26% | 25% | 23% | |
7 | 5 | 5 | 3 | 3 | 8 | 17 | 25 | 13 | 25 | 55 | 79 | 80 | |
EPS in Rs | 1.28 | 0.79 | 0.82 | 0.47 | 0.58 | 1.43 | 2.87 | 4.28 | 2.34 | 4.43 | 9.57 | 13.73 | 13.84 |
Dividend Payout % | 21% | 19% | 18% | 42% | 0% | 12% | 14% | 9% | 9% | 9% | 7% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 36% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 81% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 73% |
5 Years: | 56% |
3 Years: | 136% |
1 Year: | 30% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 31% |
Last Year: | 35% |
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 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 8 | 8 | 8 | 8 | 12 | 12 |
Reserves | 33 | 37 | 41 | 42 | 51 | 65 | 75 | 97 | 108 | 132 | 184 | 254 | 291 |
18 | 25 | 31 | 41 | 47 | 29 | 36 | 45 | 25 | 29 | 58 | 59 | 43 | |
26 | 22 | 25 | 30 | 23 | 18 | 28 | 27 | 23 | 52 | 58 | 66 | 61 | |
Total Liabilities | 81 | 87 | 101 | 116 | 125 | 116 | 147 | 176 | 163 | 221 | 308 | 390 | 406 |
20 | 20 | 35 | 37 | 41 | 43 | 45 | 45 | 45 | 46 | 79 | 118 | 121 | |
CWIP | 0 | 9 | 1 | 3 | 4 | 4 | 5 | 6 | 18 | 25 | 8 | 7 | 10 |
Investments | 0 | 0 | 0 | 0 | 1 | 7 | 8 | 11 | 11 | 13 | 17 | 8 | 9 |
60 | 58 | 65 | 76 | 78 | 61 | 89 | 115 | 88 | 137 | 205 | 258 | 267 | |
Total Assets | 81 | 87 | 101 | 116 | 125 | 116 | 147 | 176 | 163 | 221 | 308 | 390 | 406 |
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 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | 8 | 8 | 2 | 16 | 12 | 6 | 4 | 41 | 30 | -3 | 66 | |
-1 | -10 | -9 | -7 | -2 | -3 | -7 | -7 | -14 | -15 | -24 | -41 | |
-9 | 3 | 2 | 4 | -6 | -17 | 1 | 3 | -27 | 0 | 23 | -18 | |
Net Cash Flow | 2 | 0 | 1 | -1 | 8 | -8 | 0 | 0 | -0 | 15 | -5 | 7 |
Ratios
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 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 121 | 115 | 122 | 106 | 88 | 81 | 78 | 65 | 60 | 77 | 67 | 72 |
Inventory Days | 212 | 180 | 165 | 221 | 150 | 153 | 182 | 264 | 172 | 253 | 260 | 196 |
Days Payable | 153 | 116 | 87 | 115 | 46 | 48 | 78 | 56 | 41 | 127 | 95 | 63 |
Cash Conversion Cycle | 180 | 180 | 199 | 212 | 192 | 187 | 181 | 273 | 192 | 202 | 232 | 206 |
Working Capital Days | 165 | 173 | 183 | 181 | 123 | 129 | 139 | 166 | 128 | 128 | 152 | 137 |
ROCE % | 14% | 14% | 12% | 16% | 24% | 28% | 14% | 23% | 36% | 38% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Nov - Shivalik Bimetal Controls Ltd. signs MOU with Metalor Technologies International SA for setting up a joint venture to produce electrical contacts
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
24 Nov - For execution of Memorandum of Understanding between Shivalik Bimetal Controls Ltd and Metalor Technologies International SA for setting up a Joint Venture in India to …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Nov
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
10 Nov - Transcription of conference call with Investors held on 06th November, 2023.
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Concalls
-
Nov 2023Transcript PPT REC
-
Aug 2023Transcript PPT REC
-
May 2023Transcript PPT REC
-
Mar 2023TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
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]