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Shivalik Bimetal Controls
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Incorporated in Jun.'84 as a private limited company, Shivalik Bimetal Controls Limited was converted into a public limited company in Feb.'85. The Company has been in commercial production since October, 1986, promoted by Manjit Kaur and N S Ghumman. The Company is engaged in the business of manufacturing & sales of Thermostatic Bimetal / Trimetal strips, components, Spring Rolled Stainless Steels, Electron Beam Welded Shunt Materials (Strip & Finished Components), Cold Bonded Bimetal Strips and Parts, Snap Action Discs, CNC Formed Coils of Bimetals / Trimetals etc.
The Company is specialized in joining of materials through various methods such as Diffusion Bonding/Cladding, Electron Beam welding, continuous brazing and Resistance Welding etc., and offers precision manufactured components specific to the application requirements and is a single vendor to many prestigious OEM's and have met demands set by multiple large global organizations. 'The products find application primarily in manufacturing of Switchgears, Circuit Breakers, Automotive, Energy Meters and various other Electrical and Electronic devices.
The company has a plant at Chambaghat (Solan Distt.), Himachal Pradesh, to manufacture thermostatic bimetal strips (inst. cap. : 80 tpa). This was the first plant in Asia outside Japan to undertake the manufacture of such a sophisticated item. It had a technical collaboration with Polymetallurgical Corporation, US, for a period of five years, which has now ended. It also manufactures components which use thermostatic bimetal strips.
In 1995, the company embarked upon a diversification programme to manufacture thermo bimetal components for miniature circuit breakers, overload thermal relays and colour picture tubes. It came out with a public issue in Jun.'95 to part-finance the project.
During 1998-99, the company set up a facility to manufacture snap action discs.
The company has acquired Technical Know-how for production of Edge Welded Trimetals and during the year 1999-2000 has updated its manufacturing / engineering technical know-how for production of Bimetal Strips.
As informed last year the company has Imported Edge Welding Machinery from Germany for manufacturing of Trimetals through EBT Technology and the machinery has been installed successfully and started its production in the early 2001.This is one of the modernisation programme the company has took up last year.
The company has expanded the installed capacity of Electron Guns and Bimetal Strips during the financial year 2003-04 by 3 crores(Nos) and 500 Tonnes respectively.Consequent upon this expansion,the total capacity of Electron Guns & Bimetal Strips have been increased to 13 crores(Nos) and 860 Tonnes respectively.
The company has sub divided its equity shares during March 2005 from every One Equity share of Rs.10/- each into Five Equity shares of Rs.2/- each and also announced Bonus issue of shares to its sharesholders in the ratio of 1:1.
The company expanded its existing Unit I by adding Plant & Machinery aggregating in value to Rs.3,53,16,871/- during 2004-05. The Joint Venture Company (JV Company) namely Checon Shivalik Contact Solutions Pvt. Ltd. in which company has 50% share was incorporated in March, 2006. The JV Company set up plant for manufacturing Silver contacts. A 100% subsidiary company named Shivalik Bimetal Engineers Pvt. Ltd. (SBEPL) was incorporated during the financial year 2007-08 for providing technical and engineering services. The Company got into a Joint Venture with ArcelorMittal, France and DNick, UK for the establishment of a manufacturing facility at SEZ, Pithampur, Indore (India) for the manufacturing of Clad Metals, which was introduced for various applications. In addition to this, a new joint venture company named Innovative Clad Solutions Pvt. Ltd., (ICS) was incorporated and land around 21,673 sq. meters was allotted to the company at SEZ, Pithampur, Indore (India).
The Joint Venture Company named Innovative Clad Solutions Pvt. Ltd., (ICS) in which Company has 33.33 % share set up manufacturing unit at Pithampur, in Madhya Pradesh, for manufacturing Industrial Clad Products and commenced its commercial production w.e.f. 02.02.2010 in the FY 2009-10.
On January 1, 2011, Shivalik Bimetal Engineers Pvt. Ltd. (SBEPL)', 100% Subsidiary of the Company had allotted 1,34,500 Equity Shares to shareholders other than Shivalik Bimetal Controls Limited. The resultant Shareholding of Shivalik in SBEPL stood 45% of the total issued, subscribed and paid-up share capital, as such SBEPL ceased to be the subsidiary of the Company w.e.f. 1st January, 2011.
The AEC (Automotive Electronics Council) compliant test facility was commissioned in 2017. Construction of the Building and equipment installation on the adjoining land was completed and commercial production commenced in 2021-22.
Through a Share Purchase Agreement, the Company in Apr' 22 acquired the entire equity stake of Checon Corporation, USA (50%) held in Shivalik Engineered Products Private Limited (SEPPL) (Formerly known as Checon Shivalik Contact Solutions Private Limited) and resultant on completion of said acquisition, SEPPL ceased to be a Joint Venture of the Company and became its Wholly-Owned Subsidiary effective on April 12, 2022. Similarly, the Company acquired entire stake held by Ultra Portfolio Management Private Limited and O D Finance and Investment Private Limited (55%) held in Shivalik Bimetal Engineers Private Limited (SBEPL) and SBEPL ceased to be associate of the Company and became its wholly-owned subsidiary w.e.f. April 12, 2022.
Shivalik Bimetal Controls share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Shivalik Bimetal Controls indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Shivalik Bimetal Controls is valued compared to its competitors.
Shivalik Bimetal Controls PE ratio helps investors understand what is the market value of each stock compared to Shivalik Bimetal Controls 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Shivalik Bimetal Controls evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Shivalik Bimetal Controls generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Shivalik Bimetal Controls in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Shivalik Bimetal Controls shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Shivalik Bimetal Controls compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Shivalik Bimetal Controls over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Shivalik Bimetal Controls helps investors get an insight into when they can enter or exit the stock. Key components of Shivalik Bimetal Controls Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Shivalik Bimetal Controls shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Shivalik Bimetal Controls ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Shivalik Bimetal Controls provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Shivalik Bimetal Controls highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Shivalik Bimetal Controls .
The balance sheet presents a snapshot of Shivalik Bimetal Controls ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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