Shivalik Bimetal Controls Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 7 Aug 2026 | Industrial Products | Market Cap: ₹4.4K Cr
Q4 FY25 showed a positive recovery with sales coming back on track after consumption issues earlier in the year. FY25 EBITDA grew 25% YoY with margin expansion over 400 bps to 23.17%; PBT rose 30% with margins over 20%.
From Shivalik Bimetal Controls Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹993
Market Cap
₹4.4K Cr
P/E Ratio
46.1
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Shivalik Bimetal Controls Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹163 Cr, net profit ₹26 Cr.
Full financials →📊 Revenue & Sales Performance
- →Q4 FY25 showed a positive recovery with sales coming back on track after consumption issues earlier in the year.
- →Double-digit revenue growth is expected in FY26, with estimates of at least 15% consolidated growth.
- →Shunt segment anticipated to grow 15-18%, bimetal segment 12-16%.
- →Smart meter business to grow significantly, around 50% growth expected this year, though it currently comprises ~10% of revenue.
- →New product developments like smart DC sensors are expected to start contributing commercially by late FY26 or FY27.
- →Export markets in Europe and ASEAN are improving with new customers onboarded.
- →Forward integration and new sub-assembly product lines (with potential new capex) aim to scale revenues substantially over the next few years.
- →Industry outlooks expect growth driven by infrastructure upgrades, EV market expansion, and renewable energy applications.
- →Overall, management confident of sustained double-digit growth driven by product innovation, geographic expansion, and increased value addition.
📈 Profitability & Margins
- →FY25 EBITDA grew 25% YoY with margin expansion over 400 bps to 23.17%; PBT rose 30% with margins over 20%.
- →Despite a 2.7% revenue dip in FY25, operating efficiency was maintained with EBITDA margin at 22.28%.
- →Management expects double-digit growth for FY26 driven by smart meter, bimetal, and shunt businesses, targeting >15% consolidated growth.
- →Strong growth anticipated in smart meter segment (~30-50% YoY growth projected).
- →Bimetal and shunt businesses expected to grow in the range of 12-18%.
- →Expansion in export markets (Europe, Americas, ASEAN) and domestic market forecasted with export share around 55-58%.
- →New product development (smart DC current sensor, PCBA segment) expected to contribute to revenue starting late FY26/FY27.
- →Selective capex and innovation investments planned to support growth and improve automation.
- →Return on capital employed remains robust at ~24.65%, with zero net debt ensuring financial discipline.
🏗️ Capital Expenditure Plans
- →Existing capex for shunt and bimetal capacity up to ₹1200-1300 crore is already incurred.
- →New capex will be required for forward integration into sub-assemblies product line once clear orders are in the pipeline.
- →Continuous maintenance and automation capex is estimated at ₹10-15 crore per year.
- →No major capacity expansion capex currently needed for existing infrastructure.
- →Forward integration and continuous automation improvements are strategic priorities.
- →Board emphasizes selective investment in scalable capacity and innovation aligned with long-term demand.
- →Announcement or quantification of new capex likely in the next earnings call once orders firm up.
💰 Fundraising & Capital Structure
- →The company has already incurred capex for current capacities (shunt and bimetal) up to ₹1200-1300 crore.
- →New capex will be required for sub-assemblies product line and forward integration, plus ongoing maintenance and automation capex (~₹10-15 crore per year).
- →Rajeev Ranjan mentioned that it is too early to disclose specific capex amounts for forward integration; details may be shared in the next earnings call.
- →There was no explicit mention of any current or planned fundraising through debt or equity in the transcript.
- →The company maintains a strong balance sheet with net debt at zero, indicating no immediate need for external debt.
- →Any future fundraising would likely depend on clear orders and project timelines related to new product lines and capacity expansions.
📋 Order Book & Pipeline
- →The transcript does not provide explicit figures or detailed commentary on the current or expected order book or pending orders.
- →However, Rajeev Ranjan mentioned improvements in Q4 sales, indicating recovery from previous consumption issues across domestic and global markets.
- →Discussions with customers in the switchgear segment are positive, with expectations of 2x growth by 2028-29, implying a growing order pipeline.
- →Increased inquiries and opportunities in the automotive EV segment are noted, especially in North America.
- →New clients onboarded in Europe and ASEAN markets along with existing clients suggest a strengthening order flow.
- →Forward integration projects targeting a potential ₹150 crore yearly opportunity by FY27 indicate expected future orders.
- →Overall, demand is seen as promising moving into FY26 with a growth outlook of over 15%.
Key Metrics
Frequently Asked Questions
What were Shivalik Bimetal Controls Ltd Q4 FY25 results?
Q4 FY25 showed a positive recovery with sales coming back on track after consumption issues earlier in the year. FY25 EBITDA grew 25% YoY with margin expansion over 400 bps to 23.17%; PBT rose 30% with margins over 20%.
What is Shivalik Bimetal Controls Ltd share price analysis?
Shivalik Bimetal Controls Ltd currently shows a neutral. The stock trades at a P/E of 46.1 with a market cap of ₹4,450 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shivalik Bimetal Controls Ltd planning capital expenditure?
Existing capex for shunt and bimetal capacity up to ₹1200-1300 crore is already incurred.
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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.