SBCL

Shivalik Bimetal Controls Limited

Precision engineering components including bimetal strips and PCBA assemblies

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

shivalikbimetals.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1023.90
Market cap
5,898 Cr
Stock P/E
55.6
P/B
12.20
Dividend yield
0.3%
ROE (FY26)
19.9%
ROCE (FY26)
24.3%
Operating margin (FY26)
20.5%
Debt / equity (FY26)
0.12
OCF / EBITDA (FY26)
42.0%
OCF / EBITDA (3Y)
63.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

SBCL (Shivalik Bimetal Controls) makes shunt resistors, thermostatic bimetal and electrical contacts for makers of smart meters, switchgear, electrical equipment and vehicles, and is adding bus bar and circuit board assemblies.

Company snapshot

16thBy market cap

Ranked among 64 companies in Iron & Steel Products.

What we see

Positives
  • ✓Net margin of 16.8% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales128 Cr126 Cr128 Cr126 Cr127 Cr123 Cr132 Cr137 Cr137 Cr134 Cr163 Cr182 Cr
Operating expenses (approx.)99 Cr101 Cr106 Cr102 Cr100 Cr99 Cr104 Cr105 Cr106 Cr102 Cr127 Cr139 Cr
EBITDA29 Cr25 Cr22 Cr24 Cr27 Cr25 Cr28 Cr32 Cr31 Cr32 Cr35 Cr43 Cr
OPM %22.8%20.0%17.0%18.8%21.3%19.9%21.5%23.4%22.6%24.0%21.8%23.7%
Other income2 Cr1 Cr14 Cr3 Cr3 Cr4 Cr3 Cr2 Cr4 Cr3 Cr3 Cr3 Cr
Interest1 Cr1 Cr1 Cr0.99 Cr0.82 Cr0.86 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr
Profit before tax27 Cr23 Cr33 Cr24 Cr27 Cr24 Cr28 Cr30 Cr32 Cr30 Cr35 Cr44 Cr
Tax %25.9%26.2%23.1%24.2%24.9%25.0%25.6%25.0%23.4%24.9%24.7%24.7%
Net profit20 Cr17 Cr26 Cr18 Cr20 Cr18 Cr21 Cr23 Cr25 Cr22 Cr26 Cr33 Cr
EPS (₹)₹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 (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales126 Cr162 Cr193 Cr187 Cr204 Cr324 Cr470 Cr509 Cr508 Cr571 CrSign in free for the trailing twelve months
Operating expenses (approx.)107 Cr134 Cr158 Cr166 Cr168 Cr251 Cr361 Cr403 Cr405 Cr440 CrSign in free for the trailing twelve months
EBITDA19 Cr27 Cr36 Cr21 Cr36 Cr73 Cr109 Cr106 Cr104 Cr131 CrSign in free for the trailing twelve months
OPM %15.1%17.0%18.4%11.1%17.7%22.7%23.2%20.9%20.4%22.9%Sign in free for the trailing twelve months
Other income2 Cr2 Cr5 Cr4 Cr4 Cr5 Cr10 Cr19 Cr13 Cr12 CrSign in free for the trailing twelve months
Interest3 Cr3 Cr4 Cr3 Cr2 Cr3 Cr7 Cr5 Cr4 Cr5 CrSign in free for the trailing twelve months
Depreciation5 Cr5 Cr5 Cr6 Cr6 Cr6 Cr11 Cr12 Cr12 Cr14 CrSign in free for the trailing twelve months
Profit before tax14 Cr23 Cr34 Cr17 Cr34 Cr73 Cr102 Cr112 Cr103 Cr127 CrSign in free for the trailing twelve months
Tax %40.0%26.9%28.5%21.6%25.7%24.8%22.7%24.6%25.0%24.5%Sign in free for the trailing twelve months
Net profit8 Cr17 Cr25 Cr13 Cr25 Cr55 Cr79 Cr84 Cr77 Cr96 CrSign in free for the trailing twelve months
EPS (₹)₹2.12₹4.31₹6.40₹3.44₹6.62₹14.37₹13.66₹14.59₹13.34₹16.64Sign in free for the trailing twelve months
Dividend payout %————4.5%5.5%6.0%9.5%16.3%20.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital4 Cr8 Cr8 Cr8 Cr8 Cr8 Cr12 Cr12 Cr12 Cr12 Cr
Reserves65 Cr75 Cr97 Cr108 Cr132 Cr184 Cr254 Cr330 Cr394 Cr470 Cr
Borrowings25 Cr30 Cr40 Cr20 Cr23 Cr58 Cr58 Cr42 Cr33 Cr59 Cr
Other liabilities22 Cr33 Cr32 Cr27 Cr59 Cr59 Cr66 Cr59 Cr70 Cr95 Cr
Total liabilities116 Cr147 Cr176 Cr163 Cr221 Cr308 Cr390 Cr443 Cr508 Cr636 Cr
Fixed assets (net)43 Cr45 Cr45 Cr43 Cr43 Cr77 Cr110 Cr113 Cr129 Cr143 Cr
CWIP4 Cr4 Cr5 Cr17 Cr24 Cr7 Cr5 Cr13 Cr24 Cr34 Cr
Investments7 Cr8 Cr11 Cr13 Cr15 Cr18 Cr10 Cr13 Cr15 Cr18 Cr
Loans & advances———0.15 Cr0.02 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories26 Cr41 Cr69 Cr51 Cr70 Cr115 Cr132 Cr128 Cr131 Cr153 Cr
Trade receivables26 Cr34 Cr35 Cr31 Cr43 Cr59 Cr93 Cr114 Cr111 Cr156 Cr
Cash & bank0.18 Cr0.23 Cr0.39 Cr0.27 Cr16 Cr11 Cr18 Cr39 Cr21 Cr7 Cr
Other assets9 Cr16 Cr11 Cr7 Cr10 Cr21 Cr22 Cr24 Cr76 Cr125 Cr
Total assets116 Cr147 Cr176 Cr163 Cr221 Cr308 Cr390 Cr443 Cr508 Cr636 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity12 Cr5 Cr4 Cr41 Cr30 Cr-3 Cr66 Cr69 Cr94 Cr55 Cr
Cash from investing-3 Cr-7 Cr-7 Cr-14 Cr-15 Cr-24 Cr-43 Cr-18 Cr-58 Cr-68 Cr
Cash from financing-17 Cr2 Cr3 Cr-27 Cr0.27 Cr23 Cr-16 Cr-29 Cr-26 Cr-0.42 Cr
Net cash flow-8 Cr0.05 Cr0.17 Cr-0.12 Cr15 Cr-5 Cr7 Cr21 Cr10 Cr-14 Cr
Free cash flow (OCF − Capex)8 Cr-2 Cr-3 Cr27 Cr17 Cr-3 Cr34 Cr47 Cr63 Cr20 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.3%22.9%26.3%14.8%22.2%30.5%33.8%30.4%24.3%24.3%
ROE %12.0%19.9%23.5%11.7%18.3%28.8%29.8%24.7%19.0%19.9%
Debtor days77766560776772828099
Inventory days146165232189226243183157165171
Days payable467149441148859484863
Cash conversion cycle177170248204189221196191196208
OCF / EBITDA %61.8%18.8%10.6%198.8%82.6%-4.7%60.4%64.5%90.2%42.0%
OCF / EBITDA % (3 years)——25.2%59.9%81.0%51.9%42.2%45.3%71.5%63.7%
Debt / equity0.370.370.380.180.160.300.220.120.080.12
Current ratio1.571.701.932.761.992.092.663.594.013.47
Net debt / EBITDA1.321.101.120.960.200.640.370.030.110.40