MarketFriction

Shivalik Bimetal Controls Ltd

NSE SBCL · BSE 513097 · Iron & Steel Products
₹1,066.40 -0.49%
NSE close2026-10-01
52 week range368.60 - 1,215.70
Market cap₹6,402 Cr.
P/E60.1
ASM long-term Price band 10% Delivery 50.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales128126128126127123132137137134163182
Expenses9910110610210099104105106102127139
Operating Profit292522242725283231323543
OPM %23%20%17%19%21%20%22%23%23%24%22%24%
Other Income2216434436246
Interest111111111111
Depreciation333333333444
Profit before tax272333242724283032303544
Tax %26%26%23%24%25%25%26%25%23%25%25%25%
Net Profit201726182018212325222633
EPS in Rs3.532.944.463.093.463.173.653.954.313.854.525.73
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales109119158193187204324470509508571616
Expenses95100132158166168251361403405440475
Operating Profit14192636213673109106104131142
OPM %13%16%16%18%11%18%23%23%21%20%23%23%
Other Income02575691122141418
Interest433432375455
Depreciation45556661112121414
Profit before tax6142334173473102112103127140
Tax %42%40%27%29%22%26%25%23%25%25%24%
Net Profit38172513255579847796106
EPS in Rs0.581.432.874.282.344.439.5713.7314.6313.3816.6418.41
Dividend Payout %0%12%14%9%9%9%7%9%12%20%24%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth18%23%7%19%
Compounded Profit Growth40%31%7%30%
Stock Price CAGR58%43%28%121%
Return on Equity24%26%23%22%
Mar 2011Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4448888812121212
Reserves4251657597108132184254330394470
Borrowings414729364525295859424271
Other Liabilities302318282723525866596083
Total Liabilities116125116147176163221308390443508636
Fixed Assets3741434545454679118120137150
CWIP34456182587142435
Investments0178111113178111316
Other Assets7678618911588137205258298334435
Total Assets116125116147176163221308390443508636
Mar 2011Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity21612644130-366699455
Cash from Investing Activity-7-2-3-7-7-14-15-24-41-41-58-68
Cash from Financing Activity4-6-1713-27023-18-29-26-0
Net Cash Flow-18-800-015-57-210-14
Free Cash Flow-5149-2-22715-2835476320
CFO/OP37%125%88%40%35%228%103%19%85%90%114%65%
Mar 2011Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1068881786560776772828099
Inventory Days221150153182264172253260196165166179
Days Payable11546487856411279563504965
Cash Conversion Cycle212192187181273192202232206197197213
Working Capital Days181-1688610510892104109125124128
ROCE %12%16%24%28%14%23%36%38%33%26%27%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.09%51.09%51.13%51.14%33.18%33.18%33.18%33.18%33.18%33.18%33.36%33.61%
FIIs4.18%3.61%3.26%2.73%3.96%3.93%3.63%3.14%3.03%2.59%1.73%2.04%
DIIs1.45%1.82%1.90%2.33%20.02%21.11%21.06%21.00%20.20%19.71%20.00%14.54%
Public43.28%43.49%43.70%43.80%42.84%41.80%42.13%42.67%43.61%44.54%44.90%49.81%
No. of Shareholders53,11156,26661,15565,47367,84870,61269,68967,48466,29364,01060,95665,391

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.
PeriodSBCLNifty 50Difference
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).
FundWeightEst. Cr3m shares
Aditya Birla SL Small Cap Fund1.79%112 -4%
HSBC Aggressive Hybrid Fund1.04%61 +1%
Aditya Birla SL Business Cycle Fund2.73%50 -1%
Franklin India Multi Cap Fund0.62%33 -27%
Aditya Birla SL Mfg. Equity Fund2.01%28 -8%
Aditya Birla SL Infrastructure Fund2.11%26 +3%
Sundaram Small Cap Fund0.22%9 -83%
Aditya Birla SL Dividend Yield Fund0.50%7 +2%
Aditya Birla SL Retirement Fund-301.50%7 -9%
UTI Infrastructure Fund0.32%7 -29%
Sundaram LT Micro Cap Tax Adv Fund-Sr III-1.17%1 -57%
WOC Multi Asset Allocation Fund0.01%1 +100%
Sundaram LT Micro Cap Tax Adv Fund-Sr VI-1.23%0 -56%
Sundaram LT Micro Cap Tax Adv Fund-Sr IV1.13%0 -58%
Sundaram LT Tax Adv Fund-Sr III1.21%0 -57%
Sundaram LT Micro Cap Tax Adv Fund-Sr V-1.14%0 -58%
WOC Balanced Hybrid Fund0.11%0 +1%
Sundaram LT Tax Adv Fund-Sr IV1.23%0 -56%
Motilal Oswal BSE 1000 Index Fund0.02%0 +1%
UTI Retirement Fund0.00%0 -100%
UTI Aggressive Hybrid Fund0.00%0 -100%
SBI Energy Opportunities Fund0.00%0 -100%
UTI Large & Mid Cap Fund0.00%0 -100%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 40% vs sales +12% in 2026
lookAuditor change Auditor change 2026-08-07: Shivalik Bimetal Controls Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn 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 2026
Sales ₹182 Cr +32.8% vs Jun 2025. Net profit ₹33 Cr +43.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-25Dividend - Rs 2 Per Share
2026-02-13Interim Dividend - Rs 2 Per Share
2025-09-08Dividend - Rs 1.50 Per Share
2025-02-20Interim Dividend - Rs 1.2 Per Share
2024-09-19Dividend - Re 1 Per Share
2024-02-16Interim Dividend - Re 0.70 Per Share
2023-09-18Dividend - Re 0.70 Per Share
2023-02-20Interim Dividend - Re 0.50 Per Share
2022-10-12Bonus 1:20.6667
2022-09-19Dividend - Re 0.50 Per Share
2022-02-10Interim Dividend - Rs 0.50 Per Share
2021-09-07 Annual General Meeting/Dividend - Rs 0.30 Per Share
DateTypeWhat it says
2026-09-07ResignationResignation of Director/KMP/SMP
2026-09-07Change in Company Secretary/Resignation of Company Secretary/Compliance Officer
2026-09-03Shareholder meetingShivalik Bimetal Controls Limited has submitted the Exchange a copy e-voting results and Scrutinizers report of Annual General Meeting held on Septem...
2026-09-02Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-09-02Change in Management1) appointment of statutory auditors and 2) Retire by rotation of Mr. Kabir Ghumman
2026-09-02Shareholder meetingProceedings of 42nd Annual General Meeting held on September 02, 2026
2026-09-01UpdatesViolation of Code of Conduct under SEBI (PIT) Regulations, 2015.
2026-09-01DemiseDemise of Mr Swarnjit Singh, Non- Executive Independent Director of the company on September 01, 2026.
2026-08-31General UpdatesShivalik Bimetal Controls Limited has informed under Regulation 31A w.r.t Receipt of NOC from Stock Exchange s on Promoter Reclassification applicatio...
2026-08-24Granting/withdrawal/surrendeUpdate on Pune Facility (Phase-II)
2026-08-21AgreementsAgreements for granting of loan to its Wholly Owned Subsidiary.
2026-08-13Concall / analyst meetTranscript
2026-08-12General UpdatesDispatch of letter to Shareholders having link and QR code to access the Notice of 42nd AGM and Annual Report for the FY 2025-26
2026-08-11Record DateRecord date for the purpose of Dividend is 26-Aug-2026.
2026-08-11UpdatesBusiness Responsibility and Sustainability Reporting for the FY 2025-26
2026-08-11Shareholder meetingNotice of 42nd Annual General Meeting to be held on September 02, 2026
2026-08-07Concall / analyst meetLink of Recording
2026-08-07Change in AuditorsChange in Auditors of the company.
2026-08-07Concall / analyst meetPresentation
2026-08-06ResignationResignation of Director/KMP/SMP
2026-08-06Press ReleaseA press release dated August 06, 2026, titled "Press Release dated 06th August, 2026".
2026-08-06ResignationResignation of as Chief Financial Officer of the company w.e.f. October 31, 2026.
2026-08-06General UpdatesAnnouncement Under Regulation 30 (LODR) - Resignation Of Statutory Auditors Of Wholly Owned Subsidiaries
2026-08-06Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-08-06Change in AuditorsChange in Auditors of the company.
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)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03