Shivalic Power Control Ltd
Incorporated in 2004, Shivalic Power Control Ltd is in the business of manufacturing & sales of LT Panel and ST Panel[1]
- Market Cap ₹ 242 Cr.
- Current Price ₹ 100
- High / Low ₹ 279 / 99.7
- Stock P/E 19.5
- Book Value ₹ 46.8
- Dividend Yield 0.00 %
- ROCE 19.4 %
- ROE 16.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 65.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 121 days to 208 days
* 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 49 | 52 | 57 | 82 | 102 | 132 | |
| 44 | 47 | 52 | 69 | 83 | 114 | |
| Operating Profit | 5 | 5 | 5 | 13 | 19 | 19 |
| OPM % | 11% | 10% | 9% | 16% | 19% | 14% |
| 0 | 0 | 0 | 1 | 0 | 2 | |
| Interest | 3 | 3 | 2 | 2 | 3 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 1 | 1 | 2 | 10 | 15 | 17 |
| Tax % | 29% | 40% | 8% | 25% | 26% | 27% |
| 1 | 1 | 2 | 7 | 11 | 12 | |
| EPS in Rs | 10.05 | 6.67 | 17.41 | 71.73 | 6.34 | 5.15 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 32% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 65% |
| 3 Years: | 92% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 23% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 18 | 24 |
| Reserves | 14 | 15 | 16 | 24 | 24 | 89 |
| 20 | 24 | 27 | 24 | 32 | 5 | |
| 18 | 9 | 16 | 10 | 17 | 11 | |
| Total Liabilities | 53 | 49 | 61 | 58 | 91 | 129 |
| 19 | 18 | 19 | 18 | 19 | 19 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 34 | 31 | 42 | 40 | 72 | 110 | |
| Total Assets | 53 | 49 | 61 | 58 | 91 | 129 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -1 | 4 | 4 | -8 | -9 | ||
| -1 | -2 | -0 | -2 | -1 | ||
| 1 | 1 | -6 | 11 | 31 | ||
| Net Cash Flow | -1 | 3 | -2 | 0 | 21 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63 | 27 | 85 | 59 | 124 | 79 |
| Inventory Days | 205 | 215 | 183 | 142 | 153 | 208 |
| Days Payable | 104 | 55 | 72 | 22 | 50 | 26 |
| Cash Conversion Cycle | 164 | 187 | 196 | 178 | 226 | 261 |
| Working Capital Days | 107 | 53 | 26 | 64 | 92 | 208 |
| ROCE % | 10% | 10% | 26% | 30% | 19% |
Documents
Announcements
-
Copy of Newspaper Publication
5 September 2025 - 21st AGM on September 27, 2025 at 2:00 PM IST; notices published Sep 5, 2025 in Financial Express and Jansatta.
-
Shareholders meeting
3 September 2025 - Notice of 21st AGM on 27 Sep 2025; Integrated Annual Report for FY2024-25 dispatched.
-
Updates
3 September 2025 - 21st AGM on Sept 27, 2025; remote e-voting Sept 24-26; cut-off Sept 20; annual report link provided.
-
General Updates
29 August 2025 - Board approved Directors' Report; AGM set for 27 Sep 2025; book closure 20-26 Sep; secretarial auditor appointed.
-
Change in Auditors
29 August 2025 - Board approved AGM on 27 Sep 2025, book closure 20-26 Sep, director reappointment, secretarial auditor appointment.
Business Overview:[1]
SPCL, an ISO-certified manufacturer, specializes in LT and HT electric panels, including non-welded, earthquake-resistant (seismic resilient), and internal arc-tested solutions. It also offers customized panels tailored to client needs. With 1,000+ installations for 500+ clients across 20+ industrial sectors in India and abroad.