Shivalik Bimetal Controls Ltd

Shivalik Bimetal Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shivalik Bimetal Controls Ltd

₹ 552 0.02%
05 Dec 11:48 a.m.
shivalikbimetals.com BSE: 513097 NSE : SBCL
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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
49 59 67 70 76 88 89 111 118 118 124 127 128
42 46 54 54 58 68 70 85 91 91 96 97 99
Operating Profit 8 13 13 16 18 21 19 25 27 27 28 30 29
OPM % 15% 21% 19% 23% 23% 23% 22% 23% 23% 23% 23% 24% 23%
1 2 2 1 2 3 3 6 3 1 2 2 2
Interest 0 0 0 0 0 1 1 2 2 2 2 1 1
Depreciation 1 2 2 1 1 2 2 2 3 3 3 3 3
Profit before tax 7 12 13 15 18 21 19 28 26 23 26 28 27
Tax % 25% 26% 26% 24% 25% 26% 24% 21% 26% 28% 16% 24% 26%
5 9 9 12 14 16 14 22 19 17 22 21 20
EPS in Rs 0.92 1.60 1.62 2.01 2.35 2.69 2.51 3.77 3.34 2.89 3.73 3.69 3.53
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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%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
60.61% 60.61% 60.61% 60.61% 60.61% 60.61% 60.61% 60.61% 60.60% 60.60% 60.60% 51.09%
0.00% 0.00% 0.00% 0.01% 0.07% 0.21% 0.05% 0.06% 0.07% 0.08% 0.46% 4.18%
0.06% 0.06% 0.06% 0.02% 0.11% 0.13% 0.16% 0.17% 0.17% 0.17% 0.17% 1.45%
39.33% 39.33% 39.33% 39.36% 39.21% 39.05% 39.18% 39.17% 39.17% 39.14% 38.77% 43.28%
No. of Shareholders 6,8427,9658,42511,83213,92719,77921,41224,94929,59829,68835,65753,111

* 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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