Shivalik Bimetal Controls Ltd
NSE:SBCL
Shivalik Bimetal Controls Ltd
Shivalik Bimetal Controls Ltd. engages in the manufacture and sale of thermostatic bimetal and trimetal strips and parts, parts of color picture tubes, and shunt material. The company is headquartered in New Delhi, Delhi. The firm operates through the Process and Product Engineering segment. Its geographic segments include India and the Rest of the World. The firm specializes in the joining of metals by various methods, such as diffusion bonding, EB welding, continuous brazing and resistance welding. The firm caters to a range of applications, including switchgear, energy meters, industrial, electrical applications, and automotive and electronic devices. The Company’s products are exported to over 40 industrialized countries around the world. Its manufacturing units are located at Chambaghat, Solan, in the state of Himachal Pradesh, India.
Shivalik Bimetal Controls Ltd. engages in the manufacture and sale of thermostatic bimetal and trimetal strips and parts, parts of color picture tubes, and shunt material. The company is headquartered in New Delhi, Delhi. The firm operates through the Process and Product Engineering segment. Its geographic segments include India and the Rest of the World. The firm specializes in the joining of metals by various methods, such as diffusion bonding, EB welding, continuous brazing and resistance welding. The firm caters to a range of applications, including switchgear, energy meters, industrial, electrical applications, and automotive and electronic devices. The Company’s products are exported to over 40 industrialized countries around the world. Its manufacturing units are located at Chambaghat, Solan, in the state of Himachal Pradesh, India.
Revenue Growth: Shivalik Bimetal reported a 9% year-on-year revenue growth for both Q3 and the 9-month period ended December 2025, despite a challenging macro environment.
Margin Expansion: EBITDA margin exceeded 24% for the quarter, increasing by over 400 basis points year-on-year, driven by an improved product mix and higher value-added supplies.
CapEx Initiative: The Board approved a INR 200 million CapEx for a new Pune facility focused on automotive busbars, connectors, and assemblies, aiming for a phased launch from Q1 FY '27.
Dividend Declared: An interim dividend of INR 2 per equity share was declared.
US Market Recovery: Management expects US business to rebound in upcoming quarters as tariff clarity has accelerated a shift from raw material to higher-margin component exports.
Guidance Maintained: Despite recent headwinds, guidance for revenue growth remains in the 10%–12% range, with expectations for improved performance ahead.
Forward Integration: New assembly business is expected to contribute INR 70–75 crores in FY '27 revenue, scaling up to INR 250–300 crores over three years.
