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Shivalik Bimetal Controls Ltd share Price Today

Company details

658.55
688.90
460.00
725.00
6M Return 12.74%
1Y Return -1.40%
Mkt Cap.(Cr) 3,822.03
Volume 138,397
Div Yield 0.15%
OI
-
OI Chg %
-
Volume 138,397

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Industrial Goods company Shivalik Bimetal Controls announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • PAT surged by 34.07% to Rs 25.33 crore, with PAT margin up by 551 basis points to 22.66%, reflecting enhanced profitability and better operational efficiency.

FY24 Financial Highlights:

  • Total income rose by 6.94% to Rs 449.40 crore, showcasing resilient revenue generation despite moderated North Atlantic demand.
  • Recommended a final dividend of 50% (Rs 1.00 per equity share) for FY24, in addition to the interim dividend of Rs 0.70 per share already paid, aggregating Rs 1.70 per share for the year.
  • Asia (excluding India): Achieved a notable increase of 32.84% YoY in Shunt Resistor sales.
  • India: Growth rose to 31.69% YoY in Thermostatic Bimetal/Trimetal sales, effectively offsetting the sluggish demand from the Americas.

S.S. Sandhu, Chairman, commented, "Over the past five years, we have built a solid foundation for growth and profitability, and I am confident that our strategic initiatives will continue to drive success in the years to come. Our focus on expanding domestic demand, coupled with the pursuit of global partnerships, particularly in the silver contacts segment, positions us favourably for future success. We expect robust growth in the domestic market to continue, and we are prepared to take advantage of the anticipated rebound in the USA. Strategically, we remain focused on expanding our product lines and leveraging our research and development capabilities to drive forward integration. Our financial strength ensures that we remain a debt-free company and are ready for any inorganic expansion should a strong opportunity present itself."

CFO Rajeev Ranjan added, "Shivalik is well-positioned for long-term growth, underpinned by strong market tailwinds, a robust balance sheet, and solid financial performance. The Company also benefitted from a Production Linked Incentive (PLI) scheme, adding ~Rs 8 crore in cash and ~Rs 12 crore as other income for a significantly raised PAT. Our consistent earnings growth, highlighted by the 43.98% CAGR in EPS, demonstrates our commitment to delivering substantial shareholder value. Looking ahead, we anticipate steady growth recovery in the Atlantic region and continued robust demand from Asia. During FY2024, we formalized major contracts, foreshadowing a promising business pipeline. Additionally, the recent addition of a property provides sufficient headroom for our forward integration and expansion of assembly lines."

Result PDF

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Shivalik Bimetal Controls Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (0)

Data not found

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 682.1
R2 700.7
R3 712.4
Pivot

670.32

S1 651.7
S2 640.0
S3 621.4
EMA SMA
627.1
589.4
571.2
557.1
626.0
564.7
559.1
554.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Bulk Purchase 2023-08-07 540 1090000 NSE
JAINAM BROKING LIMITED Bulk Purchase 2023-08-07 573.06 589545 NSE
BOFA SECURITIES EUROPE SA Bulk Purchase 2023-08-07 540 510000 NSE
Name Category Shares
NARINDER SINGH GHUMMAN PROMOTER 7.8%
TEJINDERJEET KAUR GHUMMAN PROMOTER 1.6%
SATINDER JEET SINGH SANDHU PROMOTER 1.5%
SARITA SANDHU PROMOTER 1.12%
O D FINANCE AND INVESTMENT PVT LTD PROMOTER 13.22%
ANGAD ESTATES PVT LTD PROMOTER 8.62%
TSL HOLDINGS PRIVATE LIMITED PROMOTER 5.87%
ULTRA PORTFOLIO MANAGEMENT PVT LTD PROMOTER 4.98%
AMAR ENGINEERING COMPANY PVT LTD PROMOTER 3.68%
B S SANDHU AND ASSOCIATES PRIVATE LTD PROMOTER 1.49%
ANGAD SANDHU PROMOTER 0.79%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Shivalik Bimetal Controls Ltd Stocks COMPARISON

Financials( in Cr) Shivalik Bimetal Controls Ltd Hindustan Zinc Ltd Hindalco Industries Ltd National Aluminium Company Ltd Hindustan Copper Ltd
Price 663.50 634.35 651.60 186.57 310.85
% Change 8.36 -3.77 -6.01 -6.47 -6.92
Mcap Cr 3,822.03 268,033.11 146,428.66 34,266.04 30,059.94
Revenue TTM Cr 470.37 28,932.00 223,202.00 14,254.86 1,677.33
Net Profit TTM Cr 79.10 7,759.00 10,097.00 1,434.66 295.32
PE TTM 45.32 34.51 14.45 20.24 101.93
1 Year Return -1.40 93.49 52.30 123.84 163.43
ROCE 38.02 44.08 10.72 13.68 17.79
ROE 34.61 55.17 11.67 11.17 14.79
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 265.50 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 7,979.66 51,130.08
LAST 3M 85,790.28 63,355.68
LAST 6M 176,360.83 62,258.99
LAST 12M 304,634.27 91,810.54

Shivalik Bimetal Controls Ltd Information

Stock PE (TTM)
45.32
Promoter Holding
51.14%
Book Value
59.2858
ROCE
38.02%
ROE
34.61%
Description
  • Incorporated in Jun.`84 as a private limited company, Shivalik Bimetal Controls Limited was converted into a public limited company in Feb.`85. The Company has been in commercial production since October, 1986, promoted by Manjit Kaur and N S Ghumman. The Company is engaged in the business of manufacturing & sales of Thermostatic Bimetal / Trimetal strips, components, Spring Rolled Stainless Steels, Electron Beam Welded Shunt Materials (Strip & Finished Components), Cold Bonded Bimetal Strips and Parts, Snap Action Discs, CNC Formed Coils of Bimetals / Trimetals etc. The Company is specialized in joining of materials through various methods such as Diffusion Bonding/Cladding, Electron Beam welding, continuous brazing and Resistance Welding etc., and offers precision manufactured components specific to the application requirements and is a single vendor to many prestigious OEM`s and have met demands set by multiple large global organizations. "The products find application primarily in manufacturing of Switchgears, Circuit Breakers, Automotive, Energy Meters and various other Electrical and Electronic devices. The company has a plant at Chambaghat (Solan Distt.), Himachal Pradesh, to manufacture thermostatic bimetal strips (inst. cap. : 80 tpa). This was the first plant in Asia outside Japan to undertake the manufacture of such a sophisticated item. It had a technical collaboration with Polymetallurgical Corporation, US, for a period of five years, which has now ended. It also manufactures components which use thermostatic bimetal strips. In 1995, the company embarked upon a diversification programme to manufacture thermo bimetal components for miniature circuit breakers, overload thermal relays and colour picture tubes. It came out with a public issue in Jun.`95 to part-finance the project. During 1998-99, the company set up a facility to manufacture snap action discs. The company has acquired Technical Know-how for production of Edge Welded Trimetals and during the year 1999-2000 has updated its manufacturing / engineering technical know-how for production of Bimetal Strips. As informed last year the company has Imported Edge Welding Machinery from Germany for manufacturing of Trimetals through EBT Technology and the machinery has been installed successfully and started its production in the early 2001.This is one of the modernisation programme the company has took up last year. The company has expanded the installed capacity of Electron Guns and Bimetal Strips during the financial year 2003-04 by 3 crores(Nos) and 500 Tonnes respectively.Consequent upon this expansion,the total capacity of Electron Guns & Bimetal Strips have been increased to 13 crores(Nos) and 860 Tonnes respectively. The company has sub divided its equity shares during March 2005 from every One Equity share of Rs.10/- each into Five Equity shares of Rs.2/- each and also announced Bonus issue of shares to its sharesholders in the ratio of 1:1. The company expanded its existing Unit I by adding Plant & Machinery aggregating in value to Rs.3,53,16,871/- during 2004-05. The Joint Venture Company (JV Company) namely Checon Shivalik Contact Solutions Pvt. Ltd. in which company has 50% share was incorporated in March, 2006. The JV Company set up plant for manufacturing Silver contacts. A 100% subsidiary company named Shivalik Bimetal Engineers Pvt. Ltd. (SBEPL) was incorporated during the financial year 2007-08 for providing technical and engineering services. The Company got into a Joint Venture with ArcelorMittal, France and DNick, UK for the establishment of a manufacturing facility at SEZ, Pithampur, Indore (India) for the manufacturing of Clad Metals, which was introduced for various applications. In addition to this, a new joint venture company named Innovative Clad Solutions Pvt. Ltd., (ICS) was incorporated and land around 21,673 sq. meters was allotted to the company at SEZ, Pithampur, Indore (India). The Joint Venture Company named Innovative Clad Solutions Pvt. Ltd., (ICS) in which Company has 33.33 % share set up manufacturing unit at Pithampur, in Madhya Pradesh, for manufacturing Industrial Clad Products and commenced its commercial production w.e.f. 02.02.2010 in the FY 2009-10. On January 1, 2011, `Shivalik Bimetal Engineers Pvt. Ltd. (SBEPL)`, 100% Subsidiary of the Company had allotted 1,34,500 Equity Shares to shareholders other than Shivalik Bimetal Controls Limited. The resultant Shareholding of Shivalik in SBEPL stood 45% of the total issued, subscribed and paid-up share capital, as such SBEPL ceased to be the subsidiary of the Company w.e.f. 1st January, 2011. The AEC (Automotive Electronics Council) compliant test facility was commissioned in 2017. Construction of the Building and equipment installation on the adjoining land was completed and commercial production commenced in 2021-22. Through a Share Purchase Agreement, the Company in Apr` 22 acquired the entire equity stake of Checon Corporation, USA (50%) held in Shivalik Engineered Products Private Limited (SEPPL) (Formerly known as Checon Shivalik Contact Solutions Private Limited) and resultant on completion of said acquisition, SEPPL ceased to be a Joint Venture of the Company and became its Wholly-Owned Subsidiary effective on April 12, 2022. Similarly, the Company acquired entire stake held by Ultra Portfolio Management Private Limited and O D Finance and Investment Private Limited (55%) held in Shivalik Bimetal Engineers Private Limited (SBEPL) and SBEPL ceased to be associate of the Company and became its wholly-owned subsidiary w.e.f. April 12, 2022.

Registered Address

16-18 New Electronic Complex, Chambaghat, Solan, Himachal Pradesh, 173213

Tel : 91-1792-230578/230175
Email : investor:shivalikbimetals.com; plant:shivalikbimet
Website : http://www.shivalikbimetals.com
Registrar

Mas Services Limited

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 513097
NSE Code : SBCL
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE386D01027

FAQ’s on Shivalik Bimetal Controls Ltd Shares

You can buy Shivalik Bimetal Controls Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Shivalik Bimetal Controls Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 24, 2024 03:58 PM the closing price of Shivalik Bimetal Controls Ltd was Rs.663.50.

The latest PE ratio of Shivalik Bimetal Controls Ltd as of Jul 24, 2024 03:58 PM is 45.32

The latest PB ratio of Shivalik Bimetal Controls Ltd as of Jul 24, 2024 03:58 PM is 0.09

The 52-week high of Shivalik Bimetal Controls Ltd share price is Rs. 725.00 while the 52-week low is Rs. 460.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 24, 2024 03:58 PM, the market cap of Shivalik Bimetal Controls Ltd stood at Rs. 3,822.03 Cr.

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