Shivalik Bimetal Controls Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 28 May 2026 | Industrial Products | Market Cap: ₹4.4K Cr
Internal targets aim for growth upwards of 20% and closer to 30% in the near term (FY27) with all necessary ingredients in place for it to happen. The company aims to achieve growth levels upwards of 20%, targeting closer to 30% in the short term (FY27 onwards).
From Shivalik Bimetal Controls Ltd's Q4 FY26 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
- →Internal targets aim for growth upwards of 20% and closer to 30% in the near term (FY27) with all necessary ingredients in place for it to happen. (Page 19, Page 17)
- →Growth expected to be spread across industries and customers to ensure sustainability and reduce dependency on one product or vertical. (Page 16)
- →Capacity utilization expected to rise to around 75% in FY27 without major incremental capex. (Page 19)
- →Company is diversifying product portfolio with new verticals and new products roughly every 2-3 years to increase total addressable market (TAM). (Page 9)
- →New standalone units like bus bars and CCS could add revenues of 250-350 crore within 2-3 years. (Page 8)
- →Growth from smart meters considered a bonus but not relied upon solely for overall growth. (Page 16)
- →Revenue growth in the electric contacts division driven by increased value-addition and new capacity; contributed significantly to recent growth. (Pages 5-6)
📈 Profitability & Margins
- →The company aims to achieve growth levels upwards of 20%, targeting closer to 30% in the short term (FY27 onwards).
- →Foundation built in FY26 supports returning to historic strong growth sustainably and in a more structured manner.
- →Growth expected to be diversified across industries and customers, reducing dependence on any single product or client.
- →Revenue growth supported by better realizations, improved product mix, operating leverage, and cost discipline (EBITDA margin expanded by ~250 bps in FY26).
- →Expansion into higher-value components and assemblies (e.g., PCBA, busbar assemblies) is expected to enhance margins and earnings quality.
- →Working capital efficiency and margin quality are priorities, with cautious capital allocation supporting sustainable profit growth.
- →Earnings growth is expected from both organic expansion and new product launches across diversified niches.
- →Overall confidence in achieving a stronger platform and clearer long-term revenue visibility leading to improved EPS.
🏗️ Capital Expenditure Plans
- →No substantial growth capex required going forward, excluding the bus bar business.
- →Maintenance and automation capex expected at ₹10-15 crore per year.
- →Minimal incremental capex needed to reach full capacity (~60-80% utilization).
- →Pune facility is being developed in phases; phase one near completion, focused on PCBA and busbar assemblies.
- →Pune facility aimed at expanding into energy storage, EV-related applications, and other industries beyond automotive.
- →Strategic investments include setting up R&D at Pune to explore and develop new product lines.
- →Open to investments via partnerships, technology acquisitions, or greenfield projects aligned with existing product ethos.
- →Focus on careful capital allocation prioritizing precision components, current sensing, switching solutions, PCBA, busbar assemblies, and electrification-led applications.
💰 Fundraising & Capital Structure
- →There is no mention of any current or future meaningful growth capital expenditure that would require substantial new fundraising through debt or equity.
- →The company has enough existing capacity to support growth without significant expansion capex.
- →Maintenance and automation capex are expected in the range of ₹10-15 crore per year, which does not imply a need for major fundraising.
- →Discussions are ongoing for domestic sourcing to reduce working capital but do not indicate capital raise requirements.
- →Overall, the company is focused on careful capital allocation and does not indicate plans for raising new funds through debt or equity in the near term.
📋 Order Book & Pipeline
- →The transcript does not provide explicit details on the current or expected total order book or pending orders.
- →However, there are positive indications of strong customer demand, especially from the US and Europe, with growth expected in the coming years.
- →The company expects significant ramp-up in revenues from new segments like busbars and PCBA, targeting ₹250-350 crore in the next 2-3 years.
- →Orders from a key US customer in the shunt resistors business are expected to recover and surpass past peak levels by FY27-28.
- →There is mention of ongoing developments and sampling stages in multiple product verticals, indicating a healthy pipeline.
- →Management expresses confidence in sustaining growth with better visibility and deeper customer engagement, implying a robust order flow ahead.
Key Metrics
Frequently Asked Questions
What were Shivalik Bimetal Controls Ltd Q4 FY26 results?
Internal targets aim for growth upwards of 20% and closer to 30% in the near term (FY27) with all necessary ingredients in place for it to happen. The company aims to achieve growth levels upwards of 20%, targeting closer to 30% in the short term (FY27 onwards).
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?
No substantial growth capex required going forward, excluding the bus bar business.
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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.