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Shivalik Bimetal

Q3 FY26Industrial Products

Shivalik Bimetal Q3 FY26: Capex ₹20 Cr

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹993
Market cap₹5.7K Cr
P/E53.7
Updated23 Aug 2026
Read4 min read

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.

2 more points from Shivalik Bimetal's call on revenue

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Profitability & Margins

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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.

2 more points from Shivalik Bimetal's call on capex

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
1Susan Electrical
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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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.

2 more points from Shivalik Bimetal's call on order book

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Shivalik Bimetal — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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'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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.