Shivalik Bimetal
Shivalik Bimetal Q3 FY26 Results & Concall Highlights: Capex ₹20 Cr
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Expected overall revenue growth around 12-15% for FY27-FY28, improving from ~9% in previous year despite tariff-related challenges. - Volume growth guidance of about 4-5% for the year, with 3% volume growth recorded in first 9 months. - Shunt business expected to see stronger volume growth, around 13-19% over next few years due to new commercial orders from customers including Vishay and Japanese firms. - New assembly business (busbar and PCB assembly) planned to contribute Rs. The company expects steady growth with improving quality of earnings as it moves up the value chain, particularly through forward integration like the Pune assembly plant initiative.
From Shivalik Bimetal's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expected overall revenue growth around 12-15% for FY27-FY28, improving from ~9% in previous year despite tariff-related challenges.
- Volume growth guidance of about 4-5% for the year, with 3% volume growth recorded in first 9 months.
- Shunt business expected to see stronger volume growth, around 13-19% over next few years due to new commercial orders from customers including Vishay and Japanese firms.
- New assembly business (busbar and PCB assembly) planned to contribute Rs. 70-75 crore revenue in FY27, scaling up to Rs. 250-300 crore by FY29.
- US market expected to regain traction post tariff reductions, aiding growth especially in thermostatic bimetal and shunt segments.
- Growth will be driven by a blend of volume increase and price/realization growth, e.g., 5% volume growth correlating with 12-15% value growth.
Profitability & Margins
See what Shivalik Bimetal said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Shivalik Bimetal Controls Limited plans a capital expenditure of ₹20 crore for setting up a new assembly facility in Pune focused on automotive bus bars and connectors.
- This facility is designed to support forward integration into high-value assemblies for e-mobility and energy storage applications.
- The new Pune plant will commence phased capacity addition from Q1 FY27, targeting revenue of ₹70-75 crore in FY27, scaling up to ₹250-300 crore over the next 3 years.
- The ₹20 crore capex primarily covers assembly line setup; major costly equipment for welding and other processes is already in place.
- Future expansions depend on potential opportunities, with consideration for adding another facility if needed.
- The capex will be funded through internal accruals.
- The strategy aims to broaden customer solutions, improve quality of earnings, and strengthen competitive positioning.
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Shivalik Bimetal said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Shivalik has several ongoing orders related to automotive busbar and PCB assembly businesses.
- The Pune facility is being set up to cater to 4-5 major projects already in hand, with initial business starting March FY27.
- Expected orderbook contribution from new assembly business:
- - FY27: ~70-75 crore INR
- - FY28: ~150-200 crore INR
- - FY29: ~250-300 crore INR
- These are confirmed projects with components designed and developed, not just plans.
- The company is seeing new orders in shunt and thermostatic bimetal segments, with a rebound expected in US exports post tariff resolutions.
- Growth indications from customers point to steady volume increases and additional higher-value order inflows.
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 Q3 FY26 results?
Expected overall revenue growth around 12-15% for FY27-FY28, improving from ~9% in previous year despite tariff-related challenges. - Volume growth guidance of about 4-5% for the year, with 3% volume growth recorded in first 9 months. - Shunt business expected to see stronger volume growth, around 13-19% over next few years due to new commercial orders from customers including Vishay and Japanese firms. - New assembly business (busbar and PCB assembly) planned to contribute Rs. The company expects steady growth with improving quality of earnings as it moves up the value chain, particularly through forward integration like the Pune assembly plant initiative.
What is Shivalik Bimetal share price analysis?
Shivalik Bimetal currently shows a neutral. 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?
Shivalik Bimetal Controls Limited plans a capital expenditure of ₹20 crore for setting up a new assembly facility in Pune focused on automotive bus bars and connectors.
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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.