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 ₹ 297 Cr.
- Current Price ₹ 123
- High / Low ₹ 397 / 104
- Stock P/E 23.9
- 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
* 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% | 31% | 8% | 25% | 26% | 27% |
| 1 | 1 | 2 | 7 | 11 | 12 | |
| EPS in Rs | 10.05 | 9.75 | 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: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 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 | 30 | 85 | 59 | 124 | 79 |
| Inventory Days | 205 | 215 | 183 | 142 | 153 | 208 |
| Days Payable | 104 | 57 | 72 | 22 | 50 | 26 |
| Cash Conversion Cycle | 164 | 188 | 196 | 178 | 226 | 261 |
| Working Capital Days | 107 | 140 | 140 | 128 | 190 | 213 |
| ROCE % | 11% | 10% | 26% | 30% | 19% |
Documents
Announcements
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Updates
6 June 2025 - Power Control Limited has informed regarding 'certificate of the statutory auditor for utilization of money raised through the public issue (IPO Proceeds) '.
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Bagging/Receiving of orders/contracts
6 June 2025 - Shivalic Power received Rs.130 Lacs orders from steel, cement, and electric mobility sectors for electrical equipment.
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Bagging/Receiving of orders/contracts
2 June 2025 - Rs. 250 Lacs order for LT Panel PCC & MCC panels, completion by August 2025.
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Structural Digital Database
2 June 2025 - Submission of SEBI Insider Trading SDD compliance certificate for FY ended March 31, 2025.
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Bagging/Receiving of orders/contracts
2 June 2025 - Shivalic Power secured Rs. 226 Lacs orders from steel and construction sectors, completion by Aug 2025.
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.