Shivalik Bimetal
Shivalik Bimetal Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 4 strong
Not discussed on this call: fundraise.
The short version
For FY27, Shivalik expects overall revenue growth in the range of 20% to 30%, driven by a mix of segments. Shivalik is confident of moving in the right direction with stronger value capture and improving earnings quality (Page 15).
From Shivalik Bimetal's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- For FY27, Shivalik expects overall revenue growth in the range of 20% to 30%, driven by a mix of segments.
- Shunts are a key growth driver, with strong development in two-wheeler EVs and smart meters as high-demand end markets.
- Bimetal segment shows signs of volume growth after several quarters of stagnation, fueled by real estate and infrastructure.
- Cell connecting systems and bus bar assemblies are nascent but projected to scale significantly, targeting ₹300-400 crores revenue in 3 years with about 10-15% in year one.
- Value-added products contribute about 70-75% to shunt growth, underpinning margin quality.
- New project developments and technology partnerships are expected to create additional growth opportunities.
- Order books with key customers, especially in the US and automotive sectors, show encouraging volume growth prospects over 1-2 years.
Profitability & Margins
See what Shivalik Bimetal said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Pune facility Capex for bus bar and cell system project estimated at ₹20-25 crores in the current phase.
- Majority of high-CAPEX processes already established at existing Solon plant, so incremental Pune investment is relatively low.
- Future phases for making more assemblies or integrated finished assemblies may require additional capital.
- Exploring 2-3 new growth opportunities involving greenfield projects or technology partnerships, including:
- - Specialized metallurgical materials for electronics with potential tech partners under NDA.
- - Automotive fuses segment with prospects for partnerships or acquisitions.
- Shivalik maintains a dedicated team focused on innovation and new verticals to drive scalable growth beyond core business.
- Short-term capacity expansions in shunts production possible within 2-3 months due to spare ready-to-build capacity.
- Thermostatic bimetal capacity expansion is CAPEX intensive and longer-term, currently utilized at ~40-45%.
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Shivalik Bimetal said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Shivalik's cell connecting system business started with one major two-wheeler OEM that has scaled significantly into EVs.
- They are working on 2-3 additional designs with other OEMs, expected to convert into business by end of the year.
- The Pune facility’s first phase capacity can currently cater to only one model; full capacity operational from October.
- The company expects the Pune facility to generate business worth INR 300-400 crores in about 3 years.
- Revenue from this is anticipated at 10-15% of the total in Year 1, INR 150-200 crores in Year 2, and INR 300+ crores thereafter.
- Strong growth expected in shunts due to rising demand from Chinese OEMs and developments in EV two-wheelers.
- Some new volume opportunities in thermostatic bimetal for export markets are under testing, likely contributing revenue a year from now.
- Expected overall revenue growth in FY27 is around 20-30%, depending on customer demand and execution.
Shivalik Bimetal — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹163 Cr, net profit ₹26 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Shivalik Bimetal Controls Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Shivalik Bimetal Q1 FY27 results?
For FY27, Shivalik expects overall revenue growth in the range of 20% to 30%, driven by a mix of segments. Shivalik is confident of moving in the right direction with stronger value capture and improving earnings quality (Page 15).
What is Shivalik Bimetal share price analysis?
Shivalik Bimetal currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 53.7 with a market cap of ₹5,722 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shivalik Bimetal planning capital expenditure?
Pune facility Capex for bus bar and cell system project estimated at ₹20-25 crores in the current phase.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.