Shivalik Bimetal Controls Ltd

₹ 690 -3.13%
30 Sep - 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 in the business of manufacturing & sales of Thermostatic Bimetal /Trimetal strips, Components, Spring Rolled Stainless Steels, EB welded products with multigauge, Cold Bonded Bimetal Strips and Parts etc. [1]
Thermostatic Bimetal/Trimetal Strips account for 52% of revenues and the Shunt Resistors account for the rest 48% of company's revenues.

The shunt resistors division of the company is completely new and was started 4-5 years back by the company. [2]

  • Market Cap 2,648 Cr.
  • Current Price 690
  • High / Low 723 / 256
  • Stock P/E 40.6
  • Book Value 49.9
  • Dividend Yield 0.10 %
  • ROCE 36.5 %
  • ROE 33.3 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.2% CAGR over last 5 years

Cons

  • Stock is trading at 13.8 times its book value

* 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 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
51 46 44 46 29 49 59 67 70 76 88 89 111
45 41 38 43 25 42 46 54 54 58 68 70 85
Operating Profit 5 5 6 4 3 8 13 13 16 18 21 19 25
OPM % 11% 10% 14% 8% 12% 15% 21% 19% 23% 23% 23% 22% 23%
2 2 1 1 1 1 2 2 1 2 3 3 8
Interest 1 1 1 1 0 0 0 0 0 0 1 1 2
Depreciation 1 1 2 2 1 1 2 2 1 1 2 2 2
Profit before tax 5 4 5 3 2 7 12 13 15 18 21 19 29
Tax % 27% 12% 23% 24% 26% 25% 26% 26% 24% 25% 26% 24% 26%
Net Profit 3 4 4 2 2 5 9 9 12 14 16 14 22
EPS in Rs 0.90 0.98 1.07 0.55 0.43 1.37 2.40 2.43 3.02 3.53 4.04 3.77 5.65
Raw PDF

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 TTM
76 75 76 95 109 119 158 193 187 204 324 364
66 66 66 85 95 100 132 158 166 168 251 281
Operating Profit 10 9 11 10 14 19 26 36 21 36 73 83
OPM % 13% 12% 14% 11% 13% 16% 16% 18% 11% 18% 23% 23%
2 0 1 2 0 2 5 7 5 6 9 16
Interest 3 3 3 4 4 3 3 4 3 2 3 4
Depreciation 2 2 2 3 4 5 5 5 6 6 6 7
Profit before tax 8 5 7 5 6 14 23 34 17 34 73 87
Tax % 4% 4% 28% 50% 42% 40% 27% 29% 22% 26% 25%
Net Profit 7 5 5 3 3 8 17 25 13 25 55 65
EPS in Rs 1.92 1.19 1.24 0.71 0.87 2.14 4.30 6.41 3.50 6.64 14.35 16.99
Dividend Payout % 21% 19% 18% 42% 0% 12% 14% 9% 9% 9% 7%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 19%
TTM: 48%
Compounded Profit Growth
10 Years: %
5 Years: 46%
3 Years: 31%
TTM: 84%
Stock Price CAGR
10 Years: 65%
5 Years: 59%
3 Years: 140%
1 Year: 152%
Return on Equity
10 Years: %
5 Years: 24%
3 Years: 23%
Last Year: 33%

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
4 4 4 4 4 4 8 8 8 8 8
Reserves 33 37 41 42 51 65 75 97 108 132 184
18 25 31 41 47 29 36 45 25 28 58
26 22 25 30 23 18 28 27 23 53 58
Total Liabilities 81 87 101 116 125 116 147 176 163 221 308
20 20 35 37 41 43 45 45 45 46 80
CWIP 0 9 1 3 4 4 5 6 18 25 7
Investments 0 0 0 0 1 7 8 11 11 13 17
60 58 65 76 78 61 89 115 88 137 205
Total Assets 81 87 101 116 125 116 147 176 163 221 308

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
12 8 8 2 16 12 6 4 41 30 -3
-1 -10 -9 -7 -2 -3 -7 -7 -14 -15 -24
-9 3 2 4 -6 -17 1 3 -27 0 23
Net Cash Flow 2 0 1 -1 8 -8 0 0 -0 15 -5

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
Debtor Days 121 115 122 106 88 81 78 65 60 77 67
Inventory Days 212 180 165 221 150 153 182 264 172 253 260
Days Payable 153 116 87 115 46 48 78 56 41 127 95
Cash Conversion Cycle 180 180 199 212 192 187 181 273 192 202 232
Working Capital Days 165 173 183 181 123 129 139 166 128 117 152
ROCE % 14% 14% 12% 16% 24% 28% 14% 23% 36%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
60.50 60.53 60.55 60.55 60.61 60.61 60.61 60.61 60.61 60.61 60.61 60.61
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.07 0.21 0.05
0.06 0.09 0.06 0.06 0.06 0.06 0.06 0.06 0.02 0.11 0.13 0.16
39.43 39.37 39.39 39.39 39.33 39.33 39.33 39.33 39.36 39.21 39.05 39.18

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