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Consolidated Standalone

Shivalik Bimetal

₹558.1 0.6 | 0.1%

Market Cap ₹3215 Cr.

Stock P/E 40.1

P/B 10.1

Current Price ₹558.1

Book Value ₹ 55.4

Face Value 2

52W High ₹750

Dividend Yield 0.22%

52W Low ₹ 468

Edit Ratio

Shivalik Bimetal Research see more...

Overview Inc. Year: 1984Industry: Metal - Non Ferrous

Shivalik Bimetal Controls Ltd is engaged in production of Thermostatic Bi-metal/Tri-metal Strips and Parts, and Shunt (Resistors). The Company is likewise engaged in job work for Indian Ordinance. The Company's segment is Process and product Engineering. Its geographic segments encompass India and Rest of the World. Its products include Reflow Solder/Presoldered Strips, Thermostatic Bimetal Coils and Spring, Precision Stainless Steel and Snap Action Disc. Its packages include Clad Metal, Spring Rolled Stainless Steels, Electron Beam Welded Material with Multi-Gauge and Multi-Materials Strips, and Thermostatic Edge-Welded Strip. The Company caters to diverse industries, along with electronics, automotive, home appliances, commercial, defense, medical and agriculture and animal husbandry appliances. The Company has an in-house stamping facility including 10T, 20T, 40T, 50T stamping method that permits it to provide custom designed precision components and additives.

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Shivalik Bimetal Share Price

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Peer Comparison

Shivalik Bimetal Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 76 88 89 111 118 118 124 127 128 126
Other Income 1 2 2 5 2 1 2 1 2 1
Total Income 77 90 91 116 120 119 125 129 130 128
Total Expenditure 58 68 70 85 91 90 96 97 99 101
Operating Profit 19 22 21 31 29 29 30 32 32 27
Interest 0 1 1 2 2 2 2 1 1 1
Depreciation 1 2 2 2 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 17 20 18 27 25 25 25 27 27 22
Provision for Tax 4 5 5 6 7 6 4 7 7 6
Profit After Tax 13 15 13 21 18 18 21 21 20 16
Adjustments 1 1 1 1 1 -2 1 1 0 1
Profit After Adjustments 14 16 14 22 19 17 22 21 20 17
Adjusted Earnings Per Share 2.4 2.7 2.5 3.8 3.3 2.9 3.7 3.7 3.5 2.9

Shivalik Bimetal Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 95 109 119 158 193 187 204 324 470 505
Other Income 2 1 2 4 5 4 4 5 10 6
Total Income 97 109 121 162 199 192 208 329 480 512
Total Expenditure 85 95 100 132 158 166 168 251 361 393
Operating Profit 12 15 21 30 41 25 40 79 119 121
Interest 4 4 3 3 4 3 2 3 7 5
Depreciation 3 4 5 5 5 6 6 6 11 12
Exceptional Income / Expenses 0 -0 -0 0 0 0 0 0 0 0
Profit Before Tax 5 6 14 23 34 17 34 73 102 101
Provision for Tax 3 2 5 6 10 4 9 18 23 24
Profit After Tax 3 3 8 17 25 13 25 55 79 78
Adjustments 0 0 0 0 0 0 0 0 0 3
Profit After Adjustments 3 3 8 17 25 13 25 55 79 80
Adjusted Earnings Per Share 0.5 0.6 1.4 2.9 4.3 2.3 4.4 9.6 13.7 13.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 45% 36% 24% 0%
Operating Profit CAGR 51% 68% 32% 0%
PAT CAGR 44% 82% 36% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 9% 111% 48% 65%
ROE Average 35% 29% 25% 19%
ROCE Average 38% 33% 28% 23%

Shivalik Bimetal Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 46 55 68 83 105 115 140 192 265
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 41 5 5 7 7 10 8 15 22
Other Non-Current Liabilities 3 3 5 6 6 6 5 6 7
Total Current Liabilities 27 62 37 51 58 32 68 95 95
Total Liabilities 116 125 116 147 176 163 221 308 390
Fixed Assets 37 41 43 45 45 43 44 77 116
Other Non-Current Assets 3 13 12 13 17 32 42 31 21
Total Current Assets 76 70 58 86 112 88 135 200 254
Total Assets 116 125 116 147 176 163 221 308 390

Shivalik Bimetal Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 4 0 8 0 0 0 0 16 11
Cash Flow from Operating Activities 2 16 12 6 4 41 30 -3 66
Cash Flow from Investing Activities -7 -2 -3 -7 -7 -14 -15 -24 -43
Cash Flow from Financing Activities 4 -6 -17 1 3 -27 0 23 -18
Net Cash Inflow / Outflow -1 8 -8 0 0 -0 15 -5 4
Closing Cash & Cash Equivalent 2 8 0 0 0 0 16 11 18

Shivalik Bimetal Ratios

# Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.47 0.58 1.43 2.87 4.27 2.34 4.42 9.57 13.73
CEPS(Rs) 0.94 1.31 2.21 3.67 5.12 3.38 5.45 10.67 15.56
DPS(Rs) 0.6 0 0.5 0.6 0.6 0.3 0.6 1 1.2
Book NAV/Share(Rs) 7.95 9.51 11.88 14.41 18.19 20.01 24.22 33.26 46.09
Core EBITDA Margin(%) 10.09 12.01 15.12 16.04 18.38 11.08 17.74 22.68 23.16
EBIT Margin(%) 9.61 8.69 12.93 16.22 19.66 10.74 17.65 23.48 23.25
Pre Tax Margin(%) 5.42 4.86 10.91 14.15 17.81 9.17 16.85 22.62 21.75
PAT Margin (%) 2.68 2.81 6.54 10.34 12.73 7.19 12.51 17.01 16.82
Cash Profit Margin (%) 5.33 6.53 10.16 13.23 15.24 10.39 15.41 18.98 19.06
ROA(%) 2.5 2.7 6.84 12.6 15.23 7.94 13.29 20.85 22.68
ROE(%) 6.02 6.46 13.34 21.83 26.23 12.23 20.01 33.29 34.61
ROCE(%) 12 10.68 16.33 24.01 28.32 13.87 23.34 36.48 38.18
Receivable days 95.61 85.06 76.62 68.51 64.33 63.87 66.08 57.51 59.17
Inventory Days 96.03 94.98 76.49 76.12 103.68 116.77 108.09 104.22 95.78
Payable days 91.4 72.7 47.97 57.36 60.99 45.22 85.12 87.36 62.59
PER(x) 13.97 11.84 14.84 26.19 21.57 6.11 12.84 35.78 37.28
Price/Book(x) 0.83 0.72 1.78 5.21 5.07 0.71 2.35 10.29 11.11
Dividend Yield(%) 3.04 0 0.79 0.53 0.43 1.4 0.7 0.19 0.23
EV/Net Sales(x) 0.8 0.72 1.26 2.97 2.98 0.57 1.67 6.23 6.36
EV/Core EBITDA(x) 6.15 5.37 7.1 15.72 14.06 4.24 8.45 25.56 25.15
Net Sales Growth(%) 24.66 14.44 9.3 32.9 22.51 -3.19 8.82 59.03 45.18
EBIT Growth(%) 0.07 3.31 61.53 59.69 46.66 -44.29 78.89 111.56 43.76
PAT Growth(%) -42.85 19.62 152.9 101.17 49.01 -40.66 89.45 116.22 43.53
EPS Growth(%) -42.85 22.45 147.07 101.17 49.01 -45.36 89.45 116.22 43.53
Debt/Equity(x) 0.89 0.86 0.42 0.43 0.43 0.22 0.2 0.3 0.22
Current Ratio(x) 2.83 1.13 1.57 1.7 1.93 2.76 1.99 2.09 2.66
Quick Ratio(x) 1.58 0.7 0.87 0.9 0.74 1.17 0.96 0.89 1.28
Interest Cover(x) 2.3 2.27 6.39 7.83 10.63 6.84 22.08 27.52 15.53
Total Debt/Mcap(x) 1.07 1.19 0.23 0.08 0.08 0.3 0.09 0.03 0.02

Shivalik Bimetal Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 60.61 60.61 60.61 60.61 60.61 60.61 60.61 51.09 51.09 51.13
FII 0.07 0.21 0.05 0.06 0.07 0.08 0.46 4.18 3.6 3.26
DII 0.11 0.13 0.16 0.16 0.16 0.16 0.16 1.45 1.82 1.9
Public 39.21 39.05 39.18 39.17 39.16 39.15 38.77 43.28 43.49 43.72
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 35% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%
  • Debtor days have improved from 87.36 to 62.59days.
  • Company is almost debt free.

Cons

  • Stock is trading at 10.1 times its book value.

* 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.

Shivalik Bimetal News

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