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 ₹ 164 Cr.
- Current Price ₹ 67.8
- High / Low ₹ 123 / 58.0
- Stock P/E 15.8
- Book Value ₹ 51.1
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 8.75 %
- Face Value ₹ 10.0
Pros
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
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 49 | 52 | 57 | 82 | 102 | 132 | 144 | |
| 44 | 47 | 52 | 69 | 83 | 114 | 128 | |
| Operating Profit | 5 | 5 | 5 | 13 | 19 | 19 | 16 |
| OPM % | 11% | 10% | 9% | 16% | 19% | 14% | 11% |
| 0 | 0 | 0 | 1 | 0 | 2 | 1 | |
| Interest | 3 | 3 | 2 | 2 | 3 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 1 | 1 | 2 | 10 | 15 | 17 | 14 |
| Tax % | 29% | 40% | 8% | 25% | 26% | 27% | 26% |
| 1 | 1 | 2 | 7 | 11 | 12 | 10 | |
| EPS in Rs | 0.59 | 0.39 | 1.02 | 4.22 | 6.34 | 5.15 | 4.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 20% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 73% |
| 3 Years: | 13% |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 15% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 18 | 24 | 24 |
| Reserves | 14 | 15 | 16 | 24 | 24 | 89 | 99 |
| 20 | 24 | 27 | 24 | 32 | 5 | 28 | |
| 18 | 9 | 16 | 10 | 17 | 11 | 18 | |
| Total Liabilities | 53 | 49 | 61 | 58 | 91 | 129 | 169 |
| 19 | 18 | 19 | 18 | 19 | 19 | 19 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| 34 | 31 | 42 | 40 | 72 | 110 | 143 | |
| Total Assets | 53 | 49 | 61 | 58 | 91 | 129 | 169 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -1 | 4 | 4 | -8 | -9 | -18 | ||
| -1 | -2 | -0 | -2 | -1 | -8 | ||
| 1 | 1 | -6 | -3 | 55 | 21 | ||
| Net Cash Flow | -1 | 3 | -2 | -13 | 45 | -5 | |
| Free Cash Flow | -2 | 1 | 4 | -10 | -11 | -20 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -15% | 85% | 38% | -15% | -18% | -93% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 27 | 85 | 59 | 124 | 79 | 121 |
| Inventory Days | 205 | 215 | 183 | 142 | 153 | 208 | 243 |
| Days Payable | 104 | 55 | 72 | 22 | 50 | 26 | 37 |
| Cash Conversion Cycle | 164 | 187 | 196 | 178 | 226 | 261 | 327 |
| Working Capital Days | 107 | 53 | 26 | 64 | 92 | 208 | 214 |
| ROCE % | 10% | 10% | 26% | 30% | 19% | 11% |
Insights
In beta| Mar 2021 | Mar 2022 | Dec 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Export Revenue INR Lakhs |
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| Top 10 Customer Concentration % |
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| Top 5 Customer Concentration % |
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| Actual Production Volume verticals |
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| Capacity Utilization % |
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| HT Panel Revenue Share % |
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| Number of Clients count |
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Extracted by Screener AI
Documents
Announcements
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Commencement of commercial production/operations
- Shivalic Power Control opened two branch offices in Uttarakhand and Bengaluru.
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Appointment
- Mr. Pravendra Singh Gadhwal appointed Company Secretary and Compliance Officer effective 15 October 2026.
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Commencement of commercial production/operations
- Shivalic Power Control opened two new branch offices in Uttarakhand and Bengaluru.
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Shareholders meeting
- 22nd AGM voting results: shareholders approved ESOP 2026, related-party transactions, director appointments and auditors.
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Shareholders meeting
- Shivalic Power Control held its 22nd AGM on 30 September 2026, approving accounts, auditor/director appointments, ESOP and related-party transactions.
Annual reports
-
Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
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.