Shivalik Bimetal Controls Ltd.

•

shivalikbimetals.comBSE: 513097NSE: SBCL

Market Cap₹ 6,656 Cr.

Current Price

High / Low₹ 1,156 / 369

Stock P/E76.2

Book Value₹ 83

Price to Book4.99

Dividend Yield0.35 %

ROCE25.6 %

ROE19.6 %

Face Value₹ 2

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 27.7% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 28.6%
Company has a good return on equity (ROE) track record: 3 Years ROE 22.6%
Company has delivered good sales growth of 17.8% CAGR over last 5 years
Latest quarter profit grew 25.9% YoY, showing strong momentum

CONS

Promoter holding has decreased over last 2 years: -17.5pp
Total debt has risen sharply - up 93.6% year on year
Valuation is stretched - P/E of 76.2 is well above its own 5-year median (36.6)
Expensive relative to growth - PEG of 19.7
Growth is decelerating - 3Y profit CAGR (3.9%) trails the 5Y trend (27.7%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1309.00	12.92	320109.92	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.65	20.78	229258.67	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	196.00	18.95	80958.30	1.20	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2646.15	30.23	69802.96	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	737.80	18.72	60825.68	0.54	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2151.00	48.59	59724.32	0.40	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1081.75	26.88	30195.09	0.42	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	JINDALSAW	310.70	30.41	19869.52	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2666.75	43.18	18691.78	0.38	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	506.95	15.81	17863.97	0.39	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	239.75	20.01	16140.90	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	SBCL	1155.40	62.74	6655.59	0.35	33.01	44.89	182.20	33.38	26.89	24.96

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	113	112	112	112	107	110	106	114	117	118	110	117	132
	84	85	88	90	85	84	83	88	87	90	83	89	100
Operating Profit	29	28	24	21	22	26	23	26	29	28	27	27	32
OPM %	25.64%	24.74%	21.59%	19.10%	20.74%	23.49%	21.91%	23.17%	25.26%	23.81%	24.91%	23.37%	24.27%
	1	2	1	15	3	3	3	3	2	4	2	4	3
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	2	2	3	3	2	2	3	3	3	3	3	3	3
Profit before Tax	27	27	22	33	22	26	23	26	28	28	26	27	35
Tax %	24.43%	25.90%	27.14%	23.56%	25.06%	25.30%	25.25%	26.07%	25.37%	25.22%	24.92%	25.70%	25.51%
Net Profit	20	20	16	25	16	19	18	20	21	21	19	20	26
	3.51	3.38	2.76	4.40	2.83	3.29	3.04	3.41	3.64	3.63	3.38	3.55	4.58

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	119	158	193	187	204	324	420	449	437	462	477
	100	132	158	166	168	251	315	347	340	350	362
Operating Profit	19	26	36	21	36	73	105	102	98	112	115
OPM %	15.99%	16.24%	18.38%	11.08%	17.74%	22.68%	24.93%	22.78%	22.35%	24.32%	24.08%
	2	4	5	5	4	5	8	20	12	12	13
Interest	3	3	4	3	2	3	7	4	3	3	4
Depreciation	5	5	5	6	6	6	8	10	10	12	12
Profit before Tax	14	22	32	16	33	70	98	108	97	110	117
Tax %	38.18%	26.87%	28.99%	22.52%	26.04%	25.52%	25.17%	25.07%	25.43%	25.31%	25.36%
Net Profit	9	16	23	13	24	52	73	81	73	82	87
EPS	2.23	4.16	6.00	3.27	6.27	9.03	12.61	14.08	12.60	14.21	—
Dividend Payout %	11.13%	14.41%	9.98%	9.03%	9.54%	7.39%	9.47%	12.07%	21.42%	28.15%	—

COMPOUNDED SALES GROWTH

10 Years:: 17%
5 Years:: 18%
3 Years:: 3%

COMPOUNDED PROFIT GROWTH

10 Years:: 35%
5 Years:: 28%
3 Years:: 4%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 55%
3 Years:: 25%
1 Year:: 121%

RETURN ON EQUITY

10 Years:: 22%
5 Years:: 27%
3 Years:: 23%
Last Year:: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	8	8	8	8	8	12	12	12	12
	67	78	98	108	131	180	243	316	376	438
	25	30	41	21	23	50	41	24	23	39
Trade Payables	8	17	15	12	35	42	35	32	33	27
	13	15	15	14	21	22	31	24	18	23
Total Liabilities	118	148	176	162	218	302	362	408	461	538
	43	45	45	43	44	77	100	104	122	134
Capital Work in Progress	4	4	5	17	24	7	2	5	12	7
	9	9	10	10	10	10	24	24	24	24
	26	41	69	51	70	115	122	116	118	130
	2	0	0	0	0	0	0	101	97	116
Cash & Bank	1	0	0	0	16	12	17	38	77	104
	32	49	45	40	54	81	97	20	12	23
Total Assets	118	148	176	162	218	302	362	408	461	538

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16	10	13	47	37	14	87	68	93	52
Cash from Investing	-3	-7	-7	-14	-15	-24	-37	-36	-52	-54
Cash from Financing	-17	1	3	-27	1	23	-18	-34	-32	-11
	-8	0	0	-0	15	-5	6	-2	9	-13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	4.49	4.16	6.01	3.32	6.29	13.53	12.68	14.08	12.60	14.21
Book Value (₹)	37.10	22.20	27.48	30.03	36.00	48.74	44.27	56.93	67.30	78.00
Dividend per Share (₹)	0.50	0.60	0.60	0.30	0.60	1.00	1.20	1.70	2.70	4.00
Cash EPS (₹)	0.76	3.58	4.85	3.26	5.22	10.13	14.15	15.84	14.31	16.22
PROFITABILITY
Operating Margin %	16.77%	18.64%	21.16%	13.44%	19.72%	24.36%	26.82%	22.78%	22.35%	24.32%
Net Margin %	6.87%	10.00%	11.93%	6.82%	11.86%	16.04%	17.38%	18.05%	16.60%	17.72%
ROE %	12.66%	20.43%	24.19%	11.56%	19.05%	31.94%	33.03%	27.84%	20.29%	19.56%
ROCE %	15.91%	22.77%	26.57%	13.36%	22.34%	35.27%	37.75%	33.80%	26.32%	25.64%
	7.06%	12.01%	14.22%	7.56%	12.72%	20.00%	22.02%	21.09%	16.71%	16.38%
EFFICIENCY
Debtor Days	73	69	64	64	66	58	60	73	82	84
Inventory Days	72	76	104	117	108	104	103	97	98	98
Payable Days	42	57	61	45	85	87	68	52	50	46
	103	87	107	135	89	74	96	118	130	136
FINANCIAL HEALTH
Debt to Equity (x)	0.40x	0.42x	0.42x	0.22x	0.21x	0.31x	0.21x	0.10x	0.04x	0.07x
Interest Coverage (x)	6.49x	7.60x	10.08x	6.61x	21.05x	26.25x	15.69x	25.80x	34.41x	33.27x
	1.57x	1.70x	1.93x	2.76x	1.99x	2.09x	2.81x	4.03x	4.98x	5.08x
GROWTH
Revenue Growth %	20.17%	32.90%	22.51%	-3.19%	8.82%	59.03%	29.71%	6.94%	-2.71%	5.66%
Operating Profit Growth %	47.39%	41.44%	37.39%	-38.53%	59.74%	96.42%	42.79%	8.93%	-10.33%	13.90%
Net Profit Growth %	109.57%	85.41%	44.36%	-44.70%	89.23%	115.21%	40.50%	11.10%	-10.52%	12.76%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.10%	-10.52%	12.76%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	36.84x	36.63x	27.36x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.12x	6.86x	4.99x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.33%	0.58%	1.03%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	24.30x	23.59x	17.27x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.14	33.17	33.17	33.17	33.17	33.17	33.17	33.37	33.61
	2.73	3.96	3.93	3.63	3.14	3.03	2.59	1.73	2.04
	2.33	20.02	21.11	21.06	21.00	20.20	19.71	20.00	14.54
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	43.80	42.85	41.79	42.13	42.68	43.61	44.52	44.90	49.80

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Shareholders meeting

2026-09-03 - Shivalik Bimetal Controls Limited has submitted the Exchange a copy e-voting results and Scrutinizers report of Annual General Meeting held on September 02, 2026.

2026-09-02

Amendment to AOA/MOA

2026-09-02 - Shivalik Bimetal Controls Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

2026-09-02

Change in Management

2026-09-02 - Shivalik Bimetal Controls Limited has informed the Exchange about 1) appointment of statutory auditors and 2) Retire by rotation of Mr. Kabir Ghumman

2026-09-02

Shareholders meeting

2026-09-02 - Shivalik Bimetal Controls Limited has informed the Exchange regarding Proceedings of 42nd Annual General Meeting held on September 02, 2026

2026-09-01

Updates

2026-09-01 - Shivalik Bimetal Controls Limited has informed the Exchange regarding violation of Code of Conduct under SEBI (PIT) Regulations, 2015'.

2026-09-01

Demise

2026-09-01 - Shivalik Bimetal Controls Limited has informed the Exchange regarding Demise of Mr Swarnjit Singh, Non- Executive Independent Director of the company on September 01, 2026.

2026-08-31

General Updates

2026-08-31 - Shivalik Bimetal Controls Limited has informed under Regulation 31A w.r.t Receipt of NOC from Stock Exchange s on Promoter Reclassification application

2026-08-24

Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

2026-08-24 - Shivalik Bimetal Controls Limited has informed the Exchange about Update on Pune Facility (Phase-II)

2026-08-21

Agreements

2026-08-21 - Shivalik Bimetal Controls Limited has informed the Exchange about Agreements for granting of loan to its Wholly Owned Subsidiary.

News

Recent coverage and analyst commentary for SBCL

Loading news…

🤖

AI Stock Analyst

Shivalik Bimetal Controls Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account