---
title: "Shivalic Power Control Ltd (SPCL) — Share Price, Financials & Analysis"
symbol: "SPCL"
company: "Shivalic Power Control Ltd"
canonical: "https://tapetide.com/stocks/SPCL"
isin: "INE0T7B01010"
nse_symbol: "SPCL"
sector: "Industrials"
industry: "Electrical Equipment"
market_cap_cr: 151.93
generated_at: "2026-09-13T18:19:44.777Z"
---

# Shivalic Power Control Ltd (SPCL)

Canonical page: https://tapetide.com/stocks/SPCL

## Company

- **NSE Symbol:** SPCL
- **ISIN:** INE0T7B01010
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-07-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shivalic.com

## About

Incorporated in 2004, Shivalic Power Control Ltd is in the business of manufacturing & sales of LT Panel and ST Panel[1]

## Latest Price

- **Price:** ₹64.7
- **Change:** +1.65 (+2.62%)
- **Open:** ₹63.05
- **Day High:** ₹64.9
- **Day Low:** ₹63
- **Previous Close:** ₹63.05
- **Volume:** 22200
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:29.535110Z.

- **Market Cap:** ₹151.93 Cr
- **Classification:** SME
- **P/E (reported):** 11.6
- **Book Value:** ₹51.69
- **Price to Book:** 1.22
- **Dividend Yield:** 0%
- **ROE:** 11%
- **ROCE:** 15.83%
- **Debt to Equity:** 0.3
- **Revenue (yearly):** ₹143.66 Cr
- **Net Income:** ₹10.16 Cr
- **EBITDA:** ₹15.78 Cr
- **52-Week High:** ₹123.4
- **52-Week Low:** ₹58.95
- **RSI (14):** 48.33

## Tapetide Score

- **Score:** 56 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Cheap · Momentum: Falling
- **Percentile:** 74.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 71.68 | 9% |
| growth | 63.17 | 9% |
| momentum | 25.91 | 12% |
| ownership | 62.37 | 24% |
| quality | 51.98 | 22% |
| valuation | 64.73 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 107 to 136 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -3.39% | -299.3% | -573.23% |
| ebitda margin growth | -1.49% | -28.36% | -43.95% | 22.09% |
| net income growth | -14.29% | -18.06% | -9.29% | 497.65% |
| revenue growth | 19.33% | 7.29% | 11.84% | 20.14% |
| roce | — | -59.68% | -55.32% | 24.07% |
| roe | — | -59.57% | 22.39% | 155.22% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 79 | 101 |
| Expenses | 69 | 90 |
| Operating Profit | 9 | 11 |
| OPM % | 12 | 11 |
| Other Income | 1 | 1 |
| Interest | 0 | 1 |
| Depreciation | 1 | 1 |
| Profit before tax | 9 | 10 |
| Tax % | 34 | 19 |
| Net Profit | 6 | 8 |
| EPS in Rs | 2.47 | 2.74 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 132 | 155 |
| Expenses | 114 | 137 |
| Operating Profit | 19 | 19 |
| OPM % | 14 | 12 |
| Other Income | 2 | 1 |
| Interest | 2 | 2 |
| Depreciation | 2 | 2 |
| Profit before tax | 17 | 17 |
| Tax % | 27 | 21 |
| Net Profit | 12 | 13 |
| EPS in Rs | 5.15 | 4.88 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | 24 | 24 |
| Reserves | 89 | 101 |
| Borrowings | 5 | 38 |
| Other Liabilities | 11 | 27 |
| Total Liabilities | 129 | 190 |
| Fixed Assets | 19 | 21 |
| CWIP | 0 | 0 |
| Investments | 0 | 0 |
| Other Assets | 110 | 169 |
| Total Assets | 129 | 190 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | — | 0 |
| Cash from Investing Activity | — | 0 |
| Cash from Financing Activity | — | 0 |
| Net Cash Flow | — | 0 |
| Free Cash Flow | — | 0 |
| CFO/OP | — | 0 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | 79 | 136 |
| Inventory Days | 208 | 247 |
| Days Payable | 26 | 37 |
| Cash Conversion Cycle | 261 | 346 |
| Working Capital Days | 208 | 218 |
| ROCE % | — | 13 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 96.63% | 70.86% | 70.86% | 71.34% | 71.34% | 71.34% |
| FIIs | 0% | 4.88% | 2.14% | 0% | 0% | 0.54% |
| DIIs | 0% | 0.84% | 0.04% | 0.04% | 0% | 0.49% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 13.08% | 20.25% | 21.57% | 23.73% | 22.98% |
| Others | 3.37% | 10.34% | 6.71% | 7.04% | 4.93% | 4.65% |
| No. of Shareholders | 48 | 51 | 2772 | 3433 | 4019 | 3699 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 62.61 | Buy |
| EMA (10) | 63.11 | Buy |
| SMA (20) | 62.05 | Buy |
| EMA (20) | 63.11 | Buy |
| SMA (50) | 65.43 | Sell |
| EMA (50) | 65.33 | Sell |
| SMA (100) | 70.34 | Sell |
| EMA (100) | 69.58 | Sell |
| SMA (200) | 77.37 | Sell |
| EMA (200) | 79.09 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.52 | Neutral |
| MACD (12,26,9) | -0.43 | Buy |
| Stochastic (14,3,3) | 60.26 | Neutral |
| ADX (14) | 24.1 | Neutral |
| Williams %R (14) | -33.33 | Neutral |
| ATR (14) | 2.08 | High Volatility |
| ROC (12) | 0.86 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 51.29 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Notice of 22nd AGM on September 30, 2026; remote e-voting and record date details published. | [Copy of Newspaper Publication 8 Sep - Notice of 22nd AGM on September 30, 2026; remote e-voting and record date details published.](https://nsearchives.nseindia.com/corporate/SHIVALIC_08092026172501_Disclsure_Newspaper_Final_sd.pdf) |
| 7 Sep - AGM on 30 Sep 2026 to approve financials, directors, 100 crore RPT, ESOP 2026 and ₹20 crore loan. | [Shareholders meeting 7 Sep - AGM on 30 Sep 2026 to approve financials, directors, 100 crore RPT, ESOP 2026 and ₹20 crore loan.](https://nsearchives.nseindia.com/corporate/SHIVALIC_07092026182729_Diclosure_Notice_of_AGM_Final_sd.pdf) |
| 6 March 2026 - Sunil Kumar Singh appointed Additional Director; Tarun Aggarwal resigned, effective 06/03/2026. | [Outcome of Board Meeting 6 March 2026 - Sunil Kumar Singh appointed Additional Director; Tarun Aggarwal resigned, effective 06/03/2026.](https://nsearchives.nseindia.com/corporate/SHIVALIC_06032026164034_Outcome_BM_06032026_sd.pdf) |
| 6 March 2026 - Mr. Tarun Aggarwal resigned as Non-Executive Director effective March 06, 2026. | [Resignation 6 March 2026 - Mr. Tarun Aggarwal resigned as Non-Executive Director effective March 06, 2026.](https://nsearchives.nseindia.com/corporate/SHIVALIC_06032026165431_Disclosure_to_NSE_Resignation__Sd_.pdf) |
| 6 March 2026 - Appointed Sunil Kumar Singh as Additional Non-Executive Director effective 06/03/2026; term until next AGM. | [Appointment 6 March 2026 - Appointed Sunil Kumar Singh as Additional Non-Executive Director effective 06/03/2026; term until next AGM.](https://nsearchives.nseindia.com/corporate/SHIVALIC_06032026164710_Disclosure_to_NSE_-_Appointment_sd.pdf) |
| 5 Sep - Shivalic Power Control Limited has informed regarding Outcome of Board Meeting held on September 05, 2026. | [Outcome of Board Meeting 5 Sep - Shivalic Power Control Limited has informed regarding Outcome of Board Meeting held on September 05, 2026.](https://nsearchives.nseindia.com/corporate/SHIVALIC_05092026184826_Outcome_of_BM_SD05.pdf) |
| 5 Sep - Shivalic Power Control Limited has informed regarding Change in Auditors of the company. | [Change in Auditors 5 Sep - Shivalic Power Control Limited has informed regarding Change in Auditors of the company.](https://nsearchives.nseindia.com/corporate/SHIVALIC_05092026185737_Change_in_Auditor_Disclosure_05_final_sd-.pdf) |
| 5 Sep - Board approved M/s T A S H & Associates as statutory auditor for five years until 2031. | [Change in Auditors 5 Sep - Board approved M/s T A S H & Associates as statutory auditor for five years until 2031.](https://nsearchives.nseindia.com/corporate/SHIVALIC_05092026211917_Change_in_Auditor_Disclosure_BM2_sd__1_.pdf) |
| 5 Sep - Board approved ESOP 2026, auditor appointment, director reappointments, AGM, and loan to Prima Solar HR Pvt Ltd. | [Outcome of Board Meeting 5 Sep - Board approved ESOP 2026, auditor appointment, director reappointments, AGM, and loan to Prima Solar HR Pvt Ltd.](https://nsearchives.nseindia.com/corporate/SHIVALIC_05092026211637_Outcome_of_BM_Finalsd__1_.pdf) |
| 30 May 2026 - Filed SDD compliance certificate for quarter and year ended 31 March 2026. | [Structural Digital Database 30 May 2026 - Filed SDD compliance certificate for quarter and year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/SHIVALIC_30052026162832_SDD_Disclosure_Compliance.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31631_SPCL_2025_2026_A_10534668_05092026224234.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28273_SPCL_2024_2025_A_5943974_03092025153920.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25934_SPCL_2023_2024_0509202422544.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/SPCL_03122024153218_Shivalic_-_Investor_Meet_PPT.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/SPCL_04122024131901_Shivalic_-_Updated_investor_presentation.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:19:44.777Z.