Shivalik Bimetal Controls Ltd - Stock Valuation and Financial Performance

BSE: 513097 | NSE: SBCL | Metal - Non Ferrous | Small Cap

Shivalik Bimetal Share Price

522.90 3.10 0.60%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Shivalik Bimetal

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Shivalik Bimetal Controls stock performance -

mw4me loader
P/E Ratio (SA):
40.00
Market Cap:
2,989.1 Cr.
52-wk low:
468
52-wk high:
730

Is Shivalik Bimetal Controls Ltd an attractive stock to invest in?

1. Is Shivalik Bimetal Controls Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shivalik Bimetal Controls Ltd is a average quality company.

2. Is Shivalik Bimetal Controls Ltd undervalued or overvalued?

The key valuation ratios of Shivalik Bimetal Controls Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Shivalik Bimetal Controls Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Shivalik Bimetal Controls Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shivalik Bimetal:

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.
Shivalik Bimetal Controls Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.4%7.1%6.2%8.8%15.4%17.1%8.8%15.2%24.7%26.6%-
Value Creation
Index
-0.5-0.5-0.6-0.40.10.2-0.40.10.80.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 80.795.298.9119158193187204324420448
Sales YoY Gr.-18%3.8%20.2%32.9%22.5%-3.2%8.8%59%29.7%-
Adj EPS 0.80.80.71.32.63.61.93.98.51213
YoY Gr.-2.4%-20.2%89.6%101.6%40.2%-48.5%108.7%120%40.9%-
BVPS (₹) 9.810.611.312.414.818.3202432.544.353.2
Adj Net
Profit
4.74.83.97.314.720.710.722.248.968.975
Cash Flow from Ops. 9.62.715.511.75.63.841.229.5-3.561.2-
Debt/CF from Ops. 416.12.72.46.411.90.61-16.60.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.1%21.6%30.9%29.7%
Adj EPS 34.7%36.1%86.3%40.9%
BVPS18.3%24.5%30.3%36.3%
Share Price 69.6% 41.5% 111.2% -1.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.78.36.110.718.821.79.717.530.131.226.6
Op. Profit
Mgn %
13.616.113.71616.218.411.117.722.724.924.1
Net Profit
Mgn %
5.95.13.96.29.310.75.710.915.116.416.7
Debt to
Equity
0.70.70.70.40.40.40.20.20.30.2-
Working Cap
Days
24323123117716518819518817717894
Cash Conv.
Cycle
12812013211910913114912410311965

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.60%

Sales growth is growing at healthy rate in last 3 years 30.93%

Net Profit is growing at healthy rate in last 3 years 86.29%

Sales growth is good in last 4 quarters at 12.63%

No data to display

Latest Financials - Shivalik Bimetal Controls Ltd.

Standalone Consolidated
TTM EPS (₹) 13 13.9
TTM Sales (₹ Cr.) 448 505
BVPS (₹.) 53.2 55.4
Reserves (₹ Cr.) 295 308
P/BV 9.75 9.37
PE 40.00 37.32
From the Market
52 Week Low / High (₹) 467.95 / 730.00
All Time Low / High (₹) 0.30 / 730.00
Market Cap (₹ Cr.) 2,989
Equity (₹ Cr.) 11.5
Face Value (₹) 2
Industry PE 11.7

Management X-Ray of Shivalik Bimetal:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shivalik Bimetal

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales819599119158193187204324420
Operating Expenses 718085100132158166168251315
Manufacturing Costs5569101110161929
Material Costs485658628196107101161206
Employee Cost 9101212141720222734
Other Costs 98916263429284446
Operating Profit 101514192636213673105
Operating Profit Margin (%) 12.4%16.1%13.7%16.0%16.2%18.4%11.1%17.7%22.7%24.9%
Other Income 0012454458
Interest 3343343237
Depreciation 2345556668
Exceptional Items -1-100000000
Profit Before Tax 48614223216337098
Tax 132569491825
Profit After Tax 4549162313245273
PAT Margin (%) 4.4%5.2%4.2%7.3%10.1%11.9%6.8%11.9%16.0%17.4%
Adjusted EPS (₹)0.60.90.71.52.84.02.24.29.012.7
Dividend Payout Ratio (%)0%0%0%11%14%10%9%10%7%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5661657185106115138187255
Share Capital 44448888812
Reserves 525761677898108131180243
Minority Interest0000000000
Debt35393725304020235041
Long Term Debt12955771081521
Short Term Debt24303220233310143520
Trade Payables81368171512354235
Others Liabilities 14151813151614222231
Total Liabilities 113127127118148176162218302362

Fixed Assets

Gross Block3857586167707379119148
Accumulated Depreciation18222518222530354248
Net Fixed Assets203533434545434477100
CWIP 1844456182583
Investments 181818991010101024
Inventories1929232641695170115122
Trade Receivables22242426343531435980
Cash Equivalents 0081000161217
Others Assets171716715108102116
Total Assets 113127127118148176162218302362

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1031512644129-361
PBT 48614223216337098
Adjustment 66879897815
Changes in Working Capital 1-103-5-20-2721-3-64-25
Tax Paid -1-2-2-5-5-9-6-8-17-26
Cash Flow From Investing Activity -5-5-2-3-7-7-14-15-24-37
Capex -1-18-2-3-7-6-14-13-22-27
Net Investments -10000-10000
Others -21400000-2-2-10
Cash Flow From Financing Activity -52-6-1713-27123-18
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 20-4-24-13-1910
Interest Paid -3-3-4-3-3-4-3-2-3-7
Dividend Paid 000-1-2-3-2-1-3-5
Others -463-12311-24420-16
Net Cash Flow 008-800015-56
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.498.446.5412.6620.4324.1911.5619.0531.9433.03
ROCE (%)7.7611.649.7915.9122.7726.5713.3622.3435.2737.75
Asset Turnover Ratio0.770.840.831.031.21.191.111.071.251.27
PAT to CFO Conversion(x)2.50.63.751.330.380.173.151.21-0.060.84
Working Capital Days
Receivable Days85838373696464665860
Inventory Days8586907276104117108104103
Payable Days58685942576145858768

Shivalik Bimetal Controls Ltd Stock News

Shivalik Bimetal Controls Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shivalik Bimetal on 28-Mar-2024 16:01 is ₹522.9.
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 28-Mar-2024 16:01 the market cap of Shivalik Bimetal stood at ₹2,989.1.
The latest P/E ratio of Shivalik Bimetal as of 28-Mar-2024 16:01 is 40.00.
The latest P/B ratio of Shivalik Bimetal as of 28-Mar-2024 16:01 is 9.75.
The 52-week high of Shivalik Bimetal is ₹730.0 and the 52-week low is ₹467.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shivalik Bimetal is ₹447.8 ( Cr.) .

About Shivalik Bimetal Controls Ltd

Shivalik Bimetal Controls Ltd. (SBCL) was incorporated on June 18, 1984 and was converted into a public limited company on February 14, 1985 with the purpose of setting up manufacturing facilities for thermostatic bimetal strips.

Shivalik is a company specialized in the joining of materials through various methods such as diffusion bonding / cladding, electron beam welding, solder reflow and resistance welding. Their present program includes thermostatic bimetal, clad metal, spring rolled stainless steels, electron beam welded material with multi - gauge and multi - material strips and thermostatic edge - welded strip for a broad spectrum of industries.

The company has established itself as the largest manufacturer of thermostatic bimetal strips in India. The company's market share in the production of thermostatic bimetal strips is above 65%. The company also manufactures components which use thermostatic bimetal strips.

Shivalik has been a single vendor to many prestigious OEMs since 1986. They have met the most stringent of demands from many large global companies. The company invites to use their specialized knowledge and experience to add more reliability and quality to your products.   

Product range of the company includes:

  • Thermostatic Bimetal
  • CRT Component
  • Shunts
  • Solder Reflow Material
  • Precision Stainless Steel
  • Snap Action Disc

Achievements/ recognition:

  • ISO 9001: 2000 standards.
  • Shivalik Bimetal Controls Ltd. has a recognized in house R&D unit. The recognition has been awarded by Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India.
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