Shivalic Power Control Ltd.

•

shivalic.comBSE: -NSE: SPCL

Market Cap₹ 148 Cr.

Current Price

High / Low₹ 123 / 59

Stock P/E14.3

Book Value₹ 50

Price to Book2.45

Dividend Yield0.00 %

ROCE19.7 %

ROE16.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Company is almost debt free
Company has a good return on equity (ROE) track record: 3 Years ROE 29.5%
Company has a healthy return on capital (ROCE) of 25.7%
Operating margins have improved to 14.2% from 8.9%
Company comfortably covers its interest (11.7x coverage)
Attractively priced for its growth - PEG of 0.2

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.41x)
Equity base is being diluted - shares outstanding up 2299.1%
Working capital days have increased from 97 to 269 days

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

Peer comparison

Capital GoodsCapital GoodsElectric Equipment

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

S.No.	Name
1.	ABB	7431.00	52.70	157469.11	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	SIEMENS	4030.00	43.82	143516.56	0.45	214.31	-49.38	4713.70	8.44	21.42	9.14
3.	POWERINDIA	32030.05	124.10	142765.50	0.03	2941.50	2135.18	24936.90	1586.18	28.73	14.58
4.	CGPOWER	891.00	112.29	140372.60	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3153.30	75.47	112295.48	0.13	440.90	67.83	2485.60	39.28	40.19	23.56
6.	GVT&D	4355.00	597.13	111508.27	0.23	362.99	24.65	1836.14	38.04	75.51	25.10
7.	HAVELLS	1200.00	46.11	75307.40	0.83	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2580.00	19.45	74214.04	0.15	891.87	15.39	7931.79	79.22	37.92	18.15
9.	APARINDS	17701.75	62.73	74121.36	0.34	4674.50	1677.98	65910.60	1191.31	31.84	11.50
10.	SUZLON	46.00	20.11	63229.93	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1189.90	154.83	28450.99	0.00	12.44	-69.84	651.36	4.78	31.01	5.23
12.	SPCL	61.20	14.29	147.59	0.00	—	—	—	—	19.70	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	52	57	82	102	132
	47	52	69	83	114
Operating Profit	5	5	13	19	19
OPM %	9.61%	8.79%	15.54%	19.04%	14.22%
	0	0	1	0	2
Interest	3	2	2	3	2
Depreciation	1	1	1	2	2
Profit before Tax	1	2	10	15	17
Tax %	39.11%	8.57%	25.18%	26.39%	26.79%
Net Profit	1	2	7	11	12
EPS	6.69	17.39	4.22	6.34	5.15
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 32%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 92%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -39%

RETURN ON EQUITY

10 Years:: —
5 Years:: 21%
3 Years:: 30%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1	1	1	18	24
	15	16	24	24	89
	21	24	21	30	4
Trade Payables	7	10	4	10	7
	5	10	9	8	4
Total Liabilities	49	61	58	90	129
	18	19	18	19	19
	26	24	25	32	57
	0	0	0	35	29
Cash & Bank	0	3	1	1	22
	5	14	14	4	2
Total Assets	49	61	58	90	129

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-1	4	5	-8	-9
Cash from Investing	-1	-2	-0	-2	-1
Cash from Financing	1	1	-6	-3	55
	-1	3	-2	-13	45

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	6.69	17.39	71.69	6.34	5.15
Book Value (₹)	140.50	157.89	232.94	22.47	46.20
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.14	1.65	4.95	7.34	5.90
PROFITABILITY
Operating Margin %	9.91%	8.94%	16.19%	19.04%	14.22%
Net Margin %	1.29%	3.05%	8.77%	10.97%	9.38%
ROE %	4.76%	11.66%	36.69%	35.51%	16.43%
ROCE %	10.25%	9.99%	26.78%	30.67%	19.70%
	1.38%	3.19%	12.08%	15.07%	11.34%
EFFICIENCY
Debtor Days	27	55	59	86	87
Inventory Days	180	160	110	101	122
Payable Days	55	61	38	35	32
	152	154	130	152	177
FINANCIAL HEALTH
Debt to Equity (x)	1.69x	1.72x	1.01x	0.80x	0.05x
Interest Coverage (x)	1.40x	1.89x	4.97x	6.15x	11.67x
	1.35x	1.21x	1.63x	1.61x	9.44x
GROWTH
Revenue Growth %	0.00%	9.78%	43.30%	24.38%	29.53%
Operating Profit Growth %	0.00%	-1.01%	159.66%	50.00%	2.02%
Net Profit Growth %	0.00%	159.79%	312.31%	55.58%	10.77%
	0.00%	0.00%	0.00%	-91.16%	-18.77%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	22.01x
P/B (x)	0.00x	0.00x	0.00x	0.00x	2.45x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	2.42x	12.59x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	70.86	70.86	71.34	71.34	71.34
	4.88	2.14	0.80	0.59	0.54
	6.65	3.09	2.76	0.69	0.49
Government	0.00	0.00	0.00	0.00	0.00
	17.61	23.90	25.09	27.38	27.63

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for SPCL

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Shivalic Power Control Ltd.

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Name

ABB

7431.00

52.70

157469.11

0.53

3623.00

930.02

35588.70

1110.31

30.18

12.56

SIEMENS

4030.00

43.82

143516.56

0.45

214.31

-49.38

4713.70

8.44

21.42

9.14

POWERINDIA

32030.05

124.10

142765.50

0.03

2941.50

2135.18

24936.90

1586.18

28.73

14.58

CGPOWER

891.00

112.29

140372.60

0.15

308.28

15.52

3280.81

13.99

27.94

12.11

ENRIN

3153.30

75.47

112295.48

0.13

440.90

67.83

2485.60

39.28

40.19

23.56

GVT&D

4355.00

597.13

111508.27

0.23

362.99

24.65

1836.14

38.04

75.51

25.10

HAVELLS

1200.00

46.11

75307.40

0.83

289.71

-16.64

6518.19

19.48

25.74

7.15

WAAREEENER

2580.00

19.45

74214.04

0.15

891.87

15.39

7931.79

79.22

37.92

18.15

APARINDS

17701.75

62.73

74121.36

0.34

4674.50

1677.98

65910.60

1191.31

31.84

11.50

SUZLON

46.00

20.11

63229.93

0.00

305.22

-5.89

3829.09

22.83

35.79

15.55

SCHNEIDER

1189.90

154.83

28450.99

0.00

12.44

-69.84

651.36

4.78

31.01

5.23

SPCL

61.20

14.29

147.59

0.00

—

19.70

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

102

132

114

Operating Profit

OPM %

9.61%

8.79%

15.54%

19.04%

14.22%

Interest

Depreciation

Profit before Tax

Tax %

39.11%

8.57%

25.18%

26.39%

26.79%

Net Profit

EPS

6.69

17.39

4.22

6.34

5.15

Dividend Payout %

0.00%

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

129

Cash & Bank

Total Assets

129

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-1

-8

-9

Cash from Investing

-1

-2

-0

-2

-1

Cash from Financing

-6

-3

-1

-2

-13

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

6.69

17.39

71.69

6.34

5.15

Book Value (₹)

140.50

157.89

232.94

22.47

46.20

Dividend per Share (₹)

0.00

Cash EPS (₹)

1.14

1.65

4.95

7.34

5.90

PROFITABILITY

Operating Margin %

9.91%

8.94%

16.19%

19.04%

14.22%

Net Margin %

1.29%

3.05%

8.77%

10.97%

9.38%

ROE %

4.76%

11.66%

36.69%

35.51%

16.43%

ROCE %

10.25%

9.99%

26.78%

30.67%

19.70%

1.38%

3.19%

12.08%

15.07%

11.34%

EFFICIENCY

Debtor Days

Inventory Days

180

160

110

101

122

Payable Days

152

154

130

152

177

FINANCIAL HEALTH

Debt to Equity (x)

1.69x

1.72x

1.01x

0.80x

0.05x

Interest Coverage (x)

1.40x

1.89x

4.97x

6.15x

11.67x

1.35x

1.21x

1.63x

1.61x

9.44x

GROWTH

Revenue Growth %

0.00%

9.78%

43.30%

24.38%

29.53%

Operating Profit Growth %

0.00%

-1.01%

159.66%

50.00%

2.02%

Net Profit Growth %

0.00%

159.79%

312.31%

55.58%

10.77%

0.00%

-91.16%

-18.77%

VALUATION

P/E (x)

0.00x

22.01x

P/B (x)

0.00x

2.45x

Dividend Yield %

0.00%

0.00x

2.42x

12.59x

Jun 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

70.86

71.34

4.88

2.14

0.80

0.59

0.54

6.65

3.09

2.76

0.69

0.49

Government

0.00

17.61

23.90

25.09

27.38

27.63

Shivalic Power Control Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Shivalic Power Control Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI