Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 128 | 126 | 128 | 126 | 127 | 123 | 132 | 137 | 137 | 134 | 163 | 182 |
| Expenses | 99 | 101 | 106 | 102 | 100 | 99 | 104 | 105 | 106 | 102 | 127 | 139 |
| Operating Profit | 29 | 25 | 22 | 24 | 27 | 25 | 28 | 32 | 31 | 32 | 35 | 43 |
| OPM % | 23% | 20% | 17% | 19% | 21% | 20% | 22% | 23% | 23% | 24% | 22% | 24% |
| Other Income | 2 | 2 | 16 | 4 | 3 | 4 | 4 | 3 | 6 | 2 | 4 | 6 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Profit before tax | 27 | 23 | 33 | 24 | 27 | 24 | 28 | 30 | 32 | 30 | 35 | 44 |
| Tax % | 26% | 26% | 23% | 24% | 25% | 25% | 26% | 25% | 23% | 25% | 25% | 25% |
| Net Profit | 20 | 17 | 26 | 18 | 20 | 18 | 21 | 23 | 25 | 22 | 26 | 33 |
| EPS in Rs | 3.53 | 2.94 | 4.46 | 3.09 | 3.46 | 3.17 | 3.65 | 3.95 | 4.31 | 3.85 | 4.52 | 5.73 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 109 | 119 | 158 | 193 | 187 | 204 | 324 | 470 | 509 | 508 | 571 | 616 |
| Expenses | 95 | 100 | 132 | 158 | 166 | 168 | 251 | 361 | 403 | 405 | 440 | 475 |
| Operating Profit | 14 | 19 | 26 | 36 | 21 | 36 | 73 | 109 | 106 | 104 | 131 | 142 |
| OPM % | 13% | 16% | 16% | 18% | 11% | 18% | 23% | 23% | 21% | 20% | 23% | 23% |
| Other Income | 0 | 2 | 5 | 7 | 5 | 6 | 9 | 11 | 22 | 14 | 14 | 18 |
| Interest | 4 | 3 | 3 | 4 | 3 | 2 | 3 | 7 | 5 | 4 | 5 | 5 |
| Depreciation | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 11 | 12 | 12 | 14 | 14 |
| Profit before tax | 6 | 14 | 23 | 34 | 17 | 34 | 73 | 102 | 112 | 103 | 127 | 140 |
| Tax % | 42% | 40% | 27% | 29% | 22% | 26% | 25% | 23% | 25% | 25% | 24% | |
| Net Profit | 3 | 8 | 17 | 25 | 13 | 25 | 55 | 79 | 84 | 77 | 96 | 106 |
| EPS in Rs | 0.58 | 1.43 | 2.87 | 4.28 | 2.34 | 4.43 | 9.57 | 13.73 | 14.63 | 13.38 | 16.64 | 18.41 |
| Dividend Payout % | 0% | 12% | 14% | 9% | 9% | 9% | 7% | 9% | 12% | 20% | 24% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 18% | 23% | 7% | 19% | ||
| Compounded Profit Growth | 40% | 31% | 7% | 30% | ||
| Stock Price CAGR | 58% | 43% | 28% | 121% | ||
| Return on Equity | 24% | 26% | 23% | 22% |
| Mar 2011 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
| Mar 2011 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 16 | 12 | 6 | 4 | 41 | 30 | -3 | 66 | 69 | 94 | 55 |
| Cash from Investing Activity | -7 | -2 | -3 | -7 | -7 | -14 | -15 | -24 | -41 | -41 | -58 | -68 |
| Cash from Financing Activity | 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/OP | 37% | 125% | 88% | 40% | 35% | 228% | 103% | 19% | 85% | 90% | 114% | 65% |
| Mar 2011 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51.09% | 51.09% | 51.13% | 51.14% | 33.18% | 33.18% | 33.18% | 33.18% | 33.18% | 33.18% | 33.36% | 33.61% |
| FIIs | 4.18% | 3.61% | 3.26% | 2.73% | 3.96% | 3.93% | 3.63% | 3.14% | 3.03% | 2.59% | 1.73% | 2.04% |
| DIIs | 1.45% | 1.82% | 1.90% | 2.33% | 20.02% | 21.11% | 21.06% | 21.00% | 20.20% | 19.71% | 20.00% | 14.54% |
| Public | 43.28% | 43.49% | 43.70% | 43.80% | 42.84% | 41.80% | 42.13% | 42.67% | 43.61% | 44.54% | 44.90% | 49.81% |
| No. of Shareholders | 53,111 | 56,266 | 61,155 | 65,473 | 67,848 | 70,612 | 69,689 | 67,484 | 66,293 | 64,010 | 60,956 | 65,391 |
Fundamentals
Market Cap₹ 6,402 Cr.
Current Price₹ 1,111
Stock P/E60.1
Book Value₹ 83.6
ROCE26.6 %
ROE21.8 %
Dividend Yield0.36 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)30%
Consolidated figures.
Valuation
Market capRs 6,143 Cr
Enterprise valueRs 6,109 Cr
P/E (TTM)57.90x
Price to book12.76x
Price to sales9.96x
EV / EBITDA38.22x
EV / EBIT42.03x
EV / sales9.91x
Price to cash flow111.91x
Earnings yield1.73%
Dividend yield0.38%
P/E, 3-year average31.12x
P/B, 3-year average6.65x
P/E, 5-year average30.92x
P/B, 5-year average7.59x
Profitability
Operating margin (excl. other income)22.96%
Operating margin (incl. other income)25.48%
EBITDA margin25.93%
Pre-tax margin22.77%
Net profit margin17.21%
Net margin, latest quarter18.12%
ROE21.61%
ROCE26.32%
ROA16.76%
ROE, 3-year average23.34%
ROCE, 3-year average28.29%
ROA, 3-year average17.74%
ROE, 5-year average27.58%
ROCE, 5-year average31.87%
ROA, 5-year average19.35%
ROIC (approx.)24.51%
Tax rate24.47%
Other income / net worth2.98%
Growth
Sales growth (latest year)12.30%
Profit growth (latest year)24.40%
Sales CAGR, 3 years6.67%
Sales CAGR, 5 years22.89%
Profit CAGR, 3 years6.62%
Profit CAGR, 5 years30.33%
Sales growth QoQ12.03%
Profit growth QoQ26.72%
Sales growth YoY (latest quarter)33.38%
Profit growth YoY (latest quarter)44.91%
Per share
EPS (TTM)Rs 18.42
EPS (latest year)Rs 16.64
EPS (latest quarter)Rs 5.73
EPS, 3-year averageRs 14.88
EPS, 5-year averageRs 14.55
Book value per shareRs 83.56
Sales per shareRs 107.02
Cash flow per shareRs 9.53
Free cash flow per shareRs 3.47
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 2.80
Dividend per share, 5-year averageRs 2.12
Dividends
Dividend payout24.04%
Dividend payout, 3-year average18.61%
Dividend payout, 5-year average14.31%
Efficiency
Asset turnover0.90x
Fixed asset turnover3.82x
Inventory turnover2.27x
Inventory days161 days
Debtor days99 days
Debtors turnover3.67x
Creditor days65 days
Cash conversion cycle213 days
Working capital days128 days
Leverage
Total debtRs 71 Cr
Cash and bankRs 105 Cr
Net debtRs -34 Cr
Debt to equity0.15x
Net debt / EBITDA-0.21x
Interest coverage29.24x
Current ratio (filing 2026-03-31)3.47x
Quick ratio (filing 2026-03-31)2.23x
Trade payables (filing 2026-03-31)Rs 56 Cr
Owners' fund to total sources75.69%
Debt to assets11.19%
Cash flow
Cash from Operating Activity (latest year)Rs 55 Cr
Cash from Investing Activity (latest year)Rs -68 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -14 Cr
Free cash flow (latest year)Rs 20 Cr
FCFE (approx.: FCF + change in debt)Rs 49 Cr
Cash from ops / profit, 5 years0.72x
Sales to cash flow10.40x
Statement figures
Net sales (TTM)Rs 616 Cr
Net sales (latest year)Rs 571 Cr
Sales (latest quarter)Rs 182 Cr
Operating profit excl. other income (latest year)Rs 131 Cr
Operating profit (latest quarter)Rs 43 Cr
Other income (TTM)Rs 18 Cr
EBITDA (TTM)Rs 160 Cr
PBDT (TTM)Rs 155 Cr
Profit before tax (TTM)Rs 140 Cr
Tax (latest year)Rs 31 Cr
Net profit (TTM)Rs 106 Cr
Net profit (latest year)Rs 96 Cr
Net profit (latest quarter)Rs 33 Cr
Depreciation (TTM)Rs 14 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 347 Cr
Total expenditure (latest year)Rs 440 Cr
Total income (latest year)Rs 585 Cr
Share capitalRs 12 Cr
ReservesRs 470 Cr
Shareholders' fundsRs 481 Cr
Total assetsRs 636 Cr
Net blockRs 150 Cr
Capital work in progressRs 35 Cr
InvestmentsRs 16 Cr
ReceivablesRs 156 Cr
InventoryRs 153 Cr
Other liabilitiesRs 83 Cr
Shares outstanding (crore)5.76
Ownership
Promoter holding33.61% (+0.43 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 57.9 is at the 93th percentile of its own 9.4-year range
(median 35.1, low 3.4, high 77.4).
P/B 12.76 is at the 88th percentile (median 6.85).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SBCL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.7% | -2.8% | -3.9 pts |
| 1 month | +1.8% | -6.8% | +8.6 pts |
| 3 months | +34.3% | -7.6% | +41.9 pts |
| 6 months | +175.0% | +0.4% | +174.5 pts |
| 1 year | +92.1% | -9.9% | +102.0 pts |
| 2 years | +76.1% | -13.6% | +89.7 pts |
| 3 years | +100.9% | +14.2% | +86.7 pts |
| 5 years | +484.3% | +27.9% | +456.4 pts |
23 mutual fund schemes hold about ₹344 Cr.
Over three months 1 bought more and 15 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Aditya Birla SL Small Cap Fund | 1.79% | 112 | -4% |
| HSBC Aggressive Hybrid Fund | 1.04% | 61 | +1% |
| Aditya Birla SL Business Cycle Fund | 2.73% | 50 | -1% |
| Franklin India Multi Cap Fund | 0.62% | 33 | -27% |
| Aditya Birla SL Mfg. Equity Fund | 2.01% | 28 | -8% |
| Aditya Birla SL Infrastructure Fund | 2.11% | 26 | +3% |
| Sundaram Small Cap Fund | 0.22% | 9 | -83% |
| Aditya Birla SL Dividend Yield Fund | 0.50% | 7 | +2% |
| Aditya Birla SL Retirement Fund-30 | 1.50% | 7 | -9% |
| UTI Infrastructure Fund | 0.32% | 7 | -29% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr III- | 1.17% | 1 | -57% |
| WOC Multi Asset Allocation Fund | 0.01% | 1 | +100% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr VI- | 1.23% | 0 | -56% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr IV | 1.13% | 0 | -58% |
| Sundaram LT Tax Adv Fund-Sr III | 1.21% | 0 | -57% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr V- | 1.14% | 0 | -58% |
| WOC Balanced Hybrid Fund | 0.11% | 0 | +1% |
| Sundaram LT Tax Adv Fund-Sr IV | 1.23% | 0 | -56% |
| Motilal Oswal BSE 1000 Index Fund | 0.02% | 0 | +1% |
| UTI Retirement Fund | 0.00% | 0 | -100% |
| UTI Aggressive Hybrid Fund | 0.00% | 0 | -100% |
| SBI Energy Opportunities Fund | 0.00% | 0 | -100% |
| UTI Large & Mid Cap Fund | 0.00% | 0 | -100% |
Red flags
F-score 4 of 8| explain | Receivables outrunning sales Receivables grew 40% vs sales +12% in 2026 |
| look | Auditor change Auditor change 2026-08-07: Shivalik Bimetal Controls Limited has informed the Exchange regarding Change in Auditors of the company. |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹182 Cr +32.8% vs Jun 2025.
Net profit ₹33 Cr +43.5%.
Activity
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|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Goodluck India Ltd | 5,271 | 25.8 | 14.4 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-25 | Dividend - Rs 2 Per Share | |
| 2026-02-13 | Interim Dividend - Rs 2 Per Share | |
| 2025-09-08 | Dividend - Rs 1.50 Per Share | |
| 2025-02-20 | Interim Dividend - Rs 1.2 Per Share | |
| 2024-09-19 | Dividend - Re 1 Per Share | |
| 2024-02-16 | Interim Dividend - Re 0.70 Per Share | |
| 2023-09-18 | Dividend - Re 0.70 Per Share | |
| 2023-02-20 | Interim Dividend - Re 0.50 Per Share | |
| 2022-10-12 | Bonus 1:2 | 0.6667 |
| 2022-09-19 | Dividend - Re 0.50 Per Share | |
| 2022-02-10 | Interim Dividend - Rs 0.50 Per Share | |
| 2021-09-07 | Annual General Meeting/Dividend - Rs 0.30 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1Scrip PE is greater than 50 (4 trailing quarters)