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Shivalic Power Control Ltd (SPCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SPCL Electric Equipment | Small Cap | Shivalic Power Cont. Share Price

BSE Share Price
Not Listed

Shivalic Power Control Ltd (SPCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SPCL Electric Equipment | Small Cap | Shivalic Power Cont. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹169 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹4.3
TTM Sales
₹144 Cr.
Book Value per Share
₹50.5
P/E Ratio
16.34
Lower than its 5-year historical median
Industry PE
55.8
Price to Book (P/B)
1.39
Lower than its 5-year historical median
Price to Sales (P/S)
1.18
Lower than its 5-year historical median
EV/EBITDA
8.90
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
16.43%
Outperforms industry median
Return on Capital Employed (ROCE)
19.70%
Outperforms industry median
Return on Assets (ROA)
11.34%
Operating Profit Margin
14.2%
Net Profit Margin
9.38%
Gross Profit Margin
14.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
29.54%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.29%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.79%
Asset Quality
Promoter Holding
71.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹98 Cr.
Equity
₹24.1 Cr.
Face Value
₹10
All Time Low / High
- / -

Shivalic Power Control stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Shivalic Power Control Ltd a good quality company?
Shivalic Power Control Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Shivalic Power Control Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shivalic Power Control Ltd vs industry peers?
Shivalic Power Control Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 13.01%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Shivalic Power Control Ltd?
Promoters hold 71.34% of the Shivalic Power Control Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shivalic Power Control Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -37.08% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shivalic Power Control Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.3%10%26.8%30.7%19.7%-
Value Creation
Index
-0.3-0.30.91.20.4-

Growth Parameters

Sales 52.257.382.2102132144
Sales YoY Gr.-9.8%43.3%24.4%29.5%-
Adj EPS 0.414.26.35.24.3
YoY Gr.-161.5%314.7%49.4%-18.5%-
BVPS (₹) 8.39.313.722.546.250.5
Adj Net
Profit
0.71.87.211.212.410
Cash Flow from Ops. -1.33.74.3-8.3-8.6-
Debt/CF from Ops. -18.97.35.5-3.9-0.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA32.2%29.5%
Adj EPS NANA71.6%-18.5%
BVPSNANA70.7%105.6%
Share Price - - - -44%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.310.634.333.816.18.9
Op. Profit
Mgn %
9.68.815.61914.2NAN
Net Profit
Mgn %
1.33.18.810.99.47.2
Debt to
Equity
1.71.710.80.1-
Working Cap
Days
02191721962180
Cash Conv.
Cycle
01591331551840

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales525782102132
Operating Expenses + 47526983114
Manufacturing Costs00111
Material Costs44496476100
Employee Cost 22248
Other Costs 11225
Operating Profit 55131919
Operating Profit Margin (%) 9.6%8.8%15.5%19.0%14.2%
Other Income + 00102
Exceptional Items 00000
Interest 32232
Depreciation 11122
Profit Before Tax 12101517
Tax 00245
Profit After Tax 1271112
PAT Margin (%) 1.3%3.1%8.8%11.0%9.4%
Adjusted EPS (₹)0.41.04.26.35.2
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Shivalic Power Cont. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 16172541113
Share Capital 1111824
Reserves 1516242489
Debt +212421304
Long Term Debt109954
Short Term Debt111512251
Minority Interest00000
Trade Payables7104107
Others Liabilities 510994
Total Liabilities 49615890129

Fixed Assets

Net Fixed Assets +1819181919
Gross Block2629293133
Accumulated Depreciation89111214
CWIP 00000
Investments 00000
Inventories2624253257
Trade Receivables413133529
Cash Equivalents 031122
Others Assets 11142
Total Assets 49615890129

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -144-8-9
PBT 12101517
Adjustment 43453
Changes in Working Capital -5-1-8-23-23
Tax Paid -1-1-1-5-5
Cash Flow From Investing Activity + -1-2-0-2-1
Capex -1-2-0-2-2
Net Investments 00000
Others 000-01
Cash Flow From Financing Activity + 11-6-355
Net Proceeds from Shares 000659
Net Proceeds from Borrowing -9-1-0-4-1
Interest Paid -2-2-2-3-2
Dividend Paid 00000
Others 134-3-1-1
Net Cash Flow -13-2-1345

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.7611.6636.6935.5116.43
ROCE (%)10.259.9926.7830.6719.7
Asset Turnover Ratio1.071.051.381.371.21
PAT to CFO Conversion(x)-120.57-0.73-0.75
Working Capital Days
Receivable Days27.3054.905985.5087.10
Inventory Days179.70159.80109.80101.10122.30
Payable Days55.2060.5038.5034.6031.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shivalic Power Control Ltd FAQs

The current trading price of Shivalic Power Cont. on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Shivalic Power Cont. stood at ₹168.8 Cr

The latest P/E ratio of Shivalic Power Cont. as of 31-Dec-1969 is 16.34.

The latest P/B ratio of Shivalic Power Cont. as of 31-Dec-1969 is 1.39.

The 52-week high of Shivalic Power Cont. is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shivalic Power Cont. is ₹144 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shivalic Power Control Ltd is a below average quality company.

The key valuation ratios of Shivalic Power Control Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shivalic Power Control Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Shivalic Power Control Ltd

Shivalic Power Control is an ISO-certified electric panel manufacturer. It is a technology-driven company with a strong focus on quality, design and product development, which has allowed it to develop products suited to its customers’ requirements. Its in-house manufacturing unit allowed it to manufacture a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels. It is authorised by industry leaders such as L&T, Siemens, Schneider Electric and TDK to manufacture fully type-tested panels as per IEC 61439 - 1&2, IEC 61641, IS1893 which it serves to many industrial Sectors in India as well as in outside India. 

The company has advanced manufacturing facilities with automated controls to maintain quality and productivity, ensuring rigorous quality control and safety throughout its production process. Its manufacturing facility is certified in accordance with international standards of quality management systems, environmental management systems, and occupational health and safety management systems as per ISO 9001:2015, ISO 14001:2015, ISO 45001:2018.

The company was originally incorporated on October 08, 2004 as a Private Limited Company as ‘Shivalic Power Control Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, N.C.T. of Delhi & Haryana. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on December 06, 2023, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Shivalic Power Control Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on January 08, 2024 by the Registrar of Companies, Delhi. 

Business area of the company

The company is engaged in the business of manufacturing of electrical panels. It is a technology-driven company with a strong focus on quality, design and product development, which has allowed it to develop products suited to its customers’ requirements.

Products of the company

  • PCC and double busbar PCC panels
  • MCC & IMCC panels
  • Ethernet ready PCC panel
  • AC drive panel
  • Automatic change over panel
  • APFC panel 
  • DG synchronizing panel 
  • HT panel

History and milestones

  • 2004: Incorporation of the Company as a Private Limited Company with the name of ‘Shivalic Power Control Private Limited’ with a view to manufacturing of electrical control panels.
  • 2013: Its promoter Amit Kanwar Jindal acquire 50% share from Som Sharma ‘One of the First Director’ of the company with intent to hold whole interest in the company.
  • 2019: Partnership with Siemens for HT Panels.
  • 2021: Schneider PrismaiPM Tie up.
  • 2022: Entered Partnership with TDK.
  • 2022: Partnership with L&T for IEC 61439.
  • 2023: Obtained Company’s lifetime largest single order of RBI Data Centre Bhubaneshwar.
  • 2024: Conversion the Company from Private Limited Company to Public Limited Company.
  • 2025: Listed on NSE-SME platform.

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