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Shivalik Bimetal Controls

SBCL NSE
₹1,071.30 No trade today
P/E
58.19
View as Markdown
MCP
Close 4 Nov 2026 ₹1,071.30 +599.90 +127% 1Y
Start ₹471.40

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
26.60%
Debt to Equity
0.15
EPS (TTM)
₹18.41
Book Value
₹83.56
Market Cap
—
P/E (TTM)
58.19
P/B
12.82
ROE
21.80%
Dividend Yield
0.38%
EBITDA
₹143 Cr
52W High
₹1,215.70
52W Low
₹368.60
Volume
0

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Shivalik Bimetal Controls peer comparison
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
₹1,071.3058.19₹6,009 Cr12.820.38%21.80%26.60%₹616 Cr₹106 Cr
Median 8 companies₹1,151.3530.06₹16,390 Cr4.340.39%15.35%18.85%₹10,869 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

52 Average

Data confidence 100/100

surveillance:ASM1

Category scores

Quality
66
Strong
Returns, margins, earnings quality 22% weight
Valuation
36
Poor
Cheap vs sector & own history 24% weight
Growth
54
Average
Sales & profit trajectory 9% weight
Financial Health
79
Strong
Solvency, leverage, coverage 9% weight
Momentum
92
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.0%
  • Company has been maintaining a healthy dividend payout of 18.6%

Weaknesses

3
  • Stock is trading at 11.5 times its book value
  • Promoter holding is low: 33.6%
  • Promoter holding has decreased over last 3 years: -17.5%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1612
OscillatorsBullish162
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
55.30
Neutral
MACD (12,26,9)
−6.87
Bullish
SMA (50)
1,063.77
Bullish
SMA (200)
727.74
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+18.01%
5Y+22.86%
3Y+6.70%
1Y+12.40%
TTM+18.69%

Net profit

Net profit growth by window
10Y+41.42%
5Y+30.88%
3Y+6.71%
1Y+24.68%
TTM+29.27%

Operating cash flow

Operating cash flow growth by window
10Y+13.14%
5Y+12.89%
3Y−5.90%
1Y−41.49%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+10.10 pp
5Y+5.29 pp
3Y−0.25 pp
1Y+2.47 pp
TTM+1.31 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹119 Cr
Mar 2018₹158 Cr
Mar 2019₹193 Cr
Mar 2020₹187 Cr
Mar 2021₹204 Cr
Mar 2022₹324 Cr
Mar 2023₹470 Cr
Mar 2024₹509 Cr
Mar 2025₹508 Cr
Mar 2026₹571 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹8.00 Cr
Mar 2018₹17.00 Cr
Mar 2019₹25.00 Cr
Mar 2020₹13.00 Cr
Mar 2021₹25.00 Cr
Mar 2022₹55.00 Cr
Mar 2023₹79.00 Cr
Mar 2024₹84.00 Cr
Mar 2025₹77.00 Cr
Mar 2026₹96.00 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹180 Cr +25.9% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Shivalik Bimetal Controls Ltd is a niche industrials company with a market cap of ₹4,372 Cr, trading at a PE of 44.1x and 8.79x book value. The company has delivered a consistent 3-year ROE of 23% and 10-year profit CAGR of 40%, but faces concerns around declining promoter holding and elevated valuation multiples.

Bull Case 7
  • Strong long-term profit compounding with 10-year profit CAGR of 40%, indicating sustained earnings growth over a full business cycle
  • Consistent return on equity with 3-year ROE of 23%, 5-year ROE of 26%, and 10-year ROE of 24%, demonstrating capital efficiency
  • Healthy 5-year sales CAGR of 23% showing the company has scaled revenue meaningfully over a medium-term horizon
  • TTM profit growth of 25% outpacing TTM sales growth of 12%, suggesting improving operating leverage or margin expansion
  • 5-year stock CAGR of 53% and 10-year stock CAGR of 57% reflect sustained wealth creation for long-term holders
  • Maintained a healthy dividend payout ratio of 18.6%, returning capital to shareholders while reinvesting for growth
  • Niche bimetal and thermostat metals business provides specialized positioning in industrial components with limited direct listed competition in India
Bear Case 7
  • Promoter holding has declined by 27 percentage points over the last 3 years, now at just 33.6%, raising governance and alignment concerns
  • PE ratio of 44.1x is elevated for an industrials company, requiring sustained high earnings growth to justify the valuation
  • 3-year sales CAGR has slowed to just 7% compared to the 5-year CAGR of 23%, indicating a potential deceleration in topline momentum
  • 3-year profit CAGR of only 7% versus 5-year profit CAGR of 31% shows earnings growth has moderated significantly in recent years
  • 3-year stock CAGR of just 4% versus 1-year return of 39% suggests the recent rally may be driven by re-rating rather than fundamental improvement
  • Dividend yield of 0.27% offers minimal income cushion to investors at current price levels
  • Low promoter holding at 33.6% increases vulnerability to hostile actions or speculative trading by non-promoter shareholders

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Limited news flow for SBCL this period with only a regulatory compliance update. The Pune CTO secured through 2032 removes any near-term environmental clearance risk for its automotive electrification facility. No material headwinds or catalysts emerged. The trend is stable with the company executing on its EV component manufacturing strategy.

Neutral 1
  • Pune CTO valid until 2032 Jul 19

    SBCL received Consent to Operate from Maharashtra Pollution Control Board for its Pune Phase-I facility, valid until June 30, 2032. The facility will produce components for automotive electrification serving OEM and Tier-1 customers.

Quarterly Results

₹ Cr
SBCL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
127
128
126
128
126
127
123
132
137
137
134
163
182
Expenses
97
99
101
106
102
100
99
104
105
106
102
127
139
Operating Profit
30
29
25
22
24
27
25
28
32
31
32
35
43
OPM %
24%
23%
20%
17%
19%
21%
20%
22%
23%
23%
24%
22%
24%
Other Income
1.43
2
1.37
13.98
2.86
3
4
4
3
3.6
3.1
3.41
6
Interest
1
1
1
1
1
1
1
1
1
1
1
1
1
Depreciation
3
3
3
3
3
3
3
3
3
3
4
4
4
PBT
27.35
27
22.18
33
24
26.38
24
28
30
32
30
34.02
44
Tax %
24%
26%
26%
23%
24%
25%
25%
26%
25%
23%
25%
25%
25%
Net Profit
21
20
17
26
18
20
18
21
23
25
22
26
33
EPS (₹)
3.69
3.53
2.94
4.46
3.09
3.46
3.17
3.65
3.95
4.31
3.85
4.52
5.73

Profit & Loss

₹ Cr
SBCL profit and loss, annual, ₹ crore
Particulars Mar 2011Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
95
109
119
158
193
187
204
324
470
509
508
571
616
Expenses
85
95
100
132
158
166
168
251
361
403
405
440
475
Operating Profit
10
14
19
26
36
21
36
73
109
106
104
131
142
OPM %
11%
13%
16%
16%
18%
11%
18%
23%
23%
21%
20%
23%
23%
Other Income
2
0
2
5
7
5
6
9
11
22
14
14
18
Interest
4
4
3
3
4
3
2
3
7
5
4
5
5
Depreciation
3
4
5
5
5
6
6
6
11
12
12
14
14
PBT
5
6
14
23
34
17
34
73
102
112
103
127
140
Tax %
50%
42%
40%
27%
29%
22%
26%
25%
23%
25%
25%
24%
—
Net Profit
3
3
8
17
25
13
25
55
79
84
77
96
106
EPS (₹)
0.47
0.58
1.43
2.87
4.28
2.34
4.43
9.57
13.73
14.63
13.38
16.64
18.41
Div. Payout %
42%
0%
12%
14%
9%
9%
9%
7%
9%
12%
20%
24%
—

Balance Sheet

₹ Cr
SBCL balance sheet, annual, ₹ crore
Particulars Mar 2011Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4
4
4
8
8
8
8
8
12
12
12
12
Reserves
42
51
65
75
97
108
132
184
254
330
394
470
Borrowings
41
47
29
36
45
25
29
58
59
42
42
71
Other Liabilities
30
23
18
28
27
23
52
58
66
59
60
83
Total Liabilities
116
125
116
147
176
163
221
308
390
443
508
636
Fixed Assets
37
41
43
45
45
45
46
79
118
120
137
150
CWIP
3
4
4
5
6
18
25
8
7
14
24
35
Investments
0
1
7
8
11
11
13
17
8
11
13
16
Other Assets
76
78
61
89
115
88
137
205
258
298
334
435
Total Assets
116
125
116
147
176
163
221
308
390
443
508
636

Cash Flow

₹ Cr
SBCL cash flow, annual, ₹ crore
Particulars Mar 2011Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
2
16
12
6
4
41
30
−3
66
69
94
55
Investing
−7
−2
−3
−7
−7
−14
−15
−24
−41
−41
−58
−68
Financing
4
−6
−17
1
3
−27
0
23
−18
−29
−26
0
Net Cash Flow
−1
8
−8
0
0
0
15
−5
7
−2
10
−14
Free Cash Flow
−5
14
9
−2
−2
27
15
−28
35
47
63
20
CFO/EBITDA
37
125
88
40
35
228
103
19
85
90
114
65

Ratios

SBCL financial ratios, annual
Particulars Mar 2011Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
106
88
81
78
65
60
77
67
72
82
80
99
Inventory Days
221
150
153
182
264
172
253
260
196
165
166
179
Days Payable
115
46
48
78
56
41
127
95
63
50
49
65
Cash Conversion Cycle
212
192
187
181
273
192
202
232
206
197
197
213
Working Capital Days
181
−1
68
86
105
108
92
104
109
125
124
128
ROCE %
12%
—
16%
24%
28%
14%
23%
36%
38%
33%
26%
27%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shivalik Bimetal Controls insights

63 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 44.26%
  • Promoters 33.61%
  • DIIs 10.87%
  • Others 7.85%
  • FIIs 3.41%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Shivalik Bimetal Controls

What does Shivalik Bimetal Controls Ltd do?
Incorporated in 1984, Shivalik Bimetal Control Ltd. manufactures thermostatic bimetal/trimetal strips, components, shunt resistors and clad metals.
Where is Shivalik Bimetal Controls Ltd (SBCL) listed?
Shivalik Bimetal Controls Ltd trades as SBCL on the NSE and under code 513097 on the BSE.
Which sector does Shivalik Bimetal Controls Ltd belong to?
Shivalik Bimetal Controls Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Shivalik Bimetal Controls Ltd?
Shivalik Bimetal Controls Ltd trades at a PE ratio of 58.19 as of 4 Nov 2026, on earnings per share of ₹18.41, against a book value of ₹83.56 per share.
What is the 52-week high and low of Shivalik Bimetal Controls Ltd?
Over the last 52 weeks Shivalik Bimetal Controls Ltd has traded between ₹368.6 and ₹1,215.7 as of 4 Nov 2026.
Does Shivalik Bimetal Controls Ltd pay dividends?
Shivalik Bimetal Controls Ltd has a dividend yield of 0.38%.
What is the Return on Equity (ROE) of Shivalik Bimetal Controls Ltd?
Shivalik Bimetal Controls Ltd reported a return on equity of 21.80%. Its debt-to-equity ratio is 0.15.

Company Information

Incorporated in 1984, Shivalik Bimetal Control Ltd. manufactures thermostatic bimetal/trimetal strips, components, shunt resistors and clad metals.

CEO Mr. Narinder Singh Ghumman
Employees 598
Listed 24 Jun 2021
Face Value ₹2

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