Shivalik Bimetal Controls Ltd.

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shivalikbimetals.comBSE: 513097NSE: SBCL

Market Cap₹ 6,415 Cr.

Current Price

High / Low₹ 1,216 / 369

Stock P/E60.5

Book Value₹ 89

Price to Book4.65

Dividend Yield0.36 %

ROCE26.9 %

ROE21.6 %

Face Value₹ 2

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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 30.3% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 28.6%
Company has a good return on equity (ROE) track record: 3 Years ROE 23.3%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 44.9% YoY, showing strong momentum
Company has delivered good sales growth of 22.9% CAGR over last 5 years

CONS

Promoter holding has decreased over last 2 years: -17.5pp
Receivables are growing faster than sales - a possible quality concern
Total debt has risen sharply - up 82.2% year on year
Valuation is stretched - P/E of 60.5 is well above its own 5-year median (34.5)
Growth is decelerating - 3Y profit CAGR (6.6%) trails the 5Y trend (30.3%)
Expensive relative to growth - PEG of 9.1

* 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	1308.00	12.91	319865.38	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	185.95	21.04	232129.86	2.15	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	184.00	17.79	76001.67	1.28	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2775.65	31.71	73219.05	0.18	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	762.35	19.35	62849.63	0.52	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2198.00	49.66	61029.32	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1086.30	27.00	30322.09	0.41	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	JINDALSAW	317.60	31.08	20310.78	0.63	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.00	45.47	19681.83	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	537.05	16.75	18924.64	0.37	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	252.40	21.07	16992.55	0.40	222.37	2.75	1750.47	32.29	20.20	19.36
12.	SBCL	1113.60	60.47	6414.80	0.36	33.01	44.89	182.20	33.38	26.89	24.96

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	127	128	126	128	126	127	123	132	137	137	134	163	182
	97	99	101	106	102	100	99	104	105	106	102	127	144
Operating Profit	30	29	25	22	24	27	25	28	32	31	32	35	38
OPM %	23.70%	22.84%	19.95%	17.05%	18.80%	21.29%	19.91%	21.52%	23.39%	22.61%	24.01%	21.81%	20.84%
	1	2	1	14	3	3	4	3	2	4	2	3	3
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	3	3	3	3	3	3	3	3	3	3	4	4	4
Profit before Tax	27	27	22	32	23	26	24	28	30	30	30	34	44
Tax %	24.28%	26.00%	27.19%	24.45%	25.08%	25.13%	25.22%	26.06%	25.51%	25.12%	24.84%	25.07%	24.70%
Net Profit	0	0	0	0	18	20	18	21	23	25	22	26	33
	3.69	3.50	2.94	4.46	3.09	3.41	3.17	3.66	3.96	4.27	3.88	4.54	5.73

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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	470	509	508	571	616
	100	132	158	166	168	251	361	403	405	440	480
Operating Profit	19	26	36	21	36	73	109	106	104	131	137
OPM %	15.99%	16.24%	18.38%	11.08%	17.74%	22.68%	23.16%	20.88%	20.40%	22.90%	22.18%
	2	4	5	5	4	5	10	19	13	11	12
Interest	3	3	4	3	2	3	7	5	4	5	5
Depreciation	5	5	5	6	6	6	11	12	12	14	14
Profit before Tax	14	23	34	17	34	73	102	112	103	127	138
Tax %	40.02%	26.94%	28.52%	21.60%	25.74%	24.81%	22.68%	24.60%	24.98%	24.47%	24.92%
Net Profit	8	17	25	13	25	55	79	84	77	96	103
EPS	2.12	4.31	6.40	3.44	6.62	9.58	13.66	14.63	13.38	16.64	—
Dividend Payout %	11.69%	13.94%	9.36%	8.56%	9.04%	6.97%	8.74%	11.62%	20.18%	24.04%	—

COMPOUNDED SALES GROWTH

10 Years:: 18%
5 Years:: 23%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: 40%
5 Years:: 30%
3 Years:: 7%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 53%
3 Years:: 28%
1 Year:: 112%

RETURN ON EQUITY

10 Years:: 23%
5 Years:: 28%
3 Years:: 23%
Last Year:: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
	65	75	97	108	132	184	254	330	394	470
	25	30	41	21	23	50	47	33	39	68
Trade Payables	8	17	15	12	35	42	42	39	39	56
	14	16	17	15	23	24	35	29	24	31
Total Liabilities	116	147	176	163	221	308	390	443	508	636
	43	45	45	43	44	77	116	118	135	148
Capital Work in Progress	4	4	5	17	24	7	5	13	24	34
	7	8	11	11	13	17	8	11	13	16
	26	41	69	51	70	115	132	128	131	153
	2	0	0	0	0	0	0	114	111	156
Cash & Bank	1	0	0	0	16	12	18	39	79	105
	32	49	45	40	54	81	111	21	15	25
Total Assets	116	147	176	163	221	308	390	443	508	636

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	93	69	94	55
Cash from Investing	-3	-7	-7	-14	-15	-24	-43	-41	-58	-68
Cash from Financing	-17	1	3	-27	0	23	-18	-29	-26	-0
	-8	0	0	-0	15	-5	4	-2	10	-14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

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

2026-09-07

Resignation of Director/KMP/SMP

2026-09-07 - Shivalik Bimetal Controls Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-09-07

Change in Company Secretary/Compliance Officer

2026-09-07 - Shivalik Bimetal Controls Limited has informed the Exchange about Resignation of Company Secretary/Compliance Officer

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

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