Shivalik Bimetal Controls Ltd
NSE: SBCL BSE: 513097
Incorporated in 1984, Shivalik Bimetal Control Ltd. manufactures thermostatic bimetal/trimetal strips, components, shunt resistors and clad metals. [1]
₹596
52W: ₹369 — ₹657
PE 42.1 · Book ₹73.1 · +715% vs bookMarket Cap₹3,434 Cr
Stock P/E42.1Price to Earnings
ROCE26%Return on Capital
ROE20.3%Return on Equity
Div. Yield0.41%Face Value ₹2
Strengths
- +Company is almost debt free.
- +Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
Weaknesses
- −Stock is trading at 7.93 times its book value
- −Promoter holding is low: 33.4%
- −Promoter holding has decreased over last 3 years: -27.2%
Shareholding Pattern
Promoters33.36%
FIIs1.73%
DIIs20%
Public44.9%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 51.14% | 33.18%▼18.0 | 33.18% | 33.18% | 33.18% | 33.18% | 33.18% | 33.36%▲0.2 |
| FIIs | 2.73% | 3.96%▲1.2 | 3.93%▼0.0 | 3.63%▼0.3 | 3.14%▼0.5 | 3.03%▼0.1 | 2.59%▼0.4 | 1.73%▼0.9 |
| DIIs | 2.33% | 20.02%▲17.7 | 21.11%▲1.1 | 21.06%▼0.1 | 21%▼0.1 | 20.2%▼0.8 | 19.71%▼0.5 | 20%▲0.3 |
| Public | 43.8% | 42.84%▼1.0 | 41.8%▼1.0 | 42.13%▲0.3 | 42.67%▲0.5 | 43.61%▲0.9 | 44.54%▲0.9 | 44.9%▲0.4 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 112 | 112 | 112 | 107 | 110 | 106 | 114 | 117 | 118 | 110 |
| Expenses | 85 | 88 | 90 | 85 | 84 | 83 | 88 | 87 | 90 | 83 |
| Operating Profit | 28 | 24 | 21 | 22 | 26 | 23 | 26 | 29 | 28 | 27 |
| OPM % | 25% | 22% | 19% | 21% | 23% | 22% | 23% | 25% | 24% | 25% |
| Net Profit | 20 | 16 | 25 | 16 | 19 | 18 | 20 | 21 | 21 | 19 |
| EPS ₹ | 3.42 | 2.76 | 4.39 | 2.83 | 3.34 | 3.04 | 3.39 | 3.64 | 3.68 | 3.36 |
AI Insights
Revenue Trend
TTM revenue at ₹459Cr, up 5% YoY. OPM at 24%.
Debt Position
Borrowings at ₹35Cr. Debt-to-equity ratio: 0.09x. Healthy balance sheet.
Capex Cycle
CWIP at ₹12Cr (9% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 20% (+19.83pp change). FIIs: 1.73% (+1.27pp change). Promoters hold 33.36%.
Margin & Efficiency
ROCE improving from 8% (Mar 2014) to 26% (Mar 2025). Working capital days: 135.
Valuation
PE 42.1x with 26% ROCE. Price is 715% above book value of ₹73.1. Dividend yield: 0.41%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d - Intimation of Earnings call invitation - Q4 & FY2026
- Intimation Regarding Request Received From M/S Solan Developers Private Limited For Re Classification From "Promoter And Promoter Group" Category To "Public" Category" Pursuant To Regulation 30 & 31A Of SEBI (LODR) Regulations, 2015 11 May - Solan Developers with zero holding sought promoter-to-public reclassification; board will review in forthcoming meeting.
- Board Meeting Intimation for Board Meeting Intimation 11 May - Board meets 18 May 2026 to approve FY26 results and consider final dividend.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - SBCL confirms it is not a Large Corporate; outstanding borrowing was nil on March 31, 2026.
- Clarification On Price Movement 29 Apr - Company clarifies abnormal price/volume movement is market-driven, with no undisclosed information.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse