Shivalik Bimetal FY26 Net Profit Rises 13%; Dividend ₹4/Share
Shivalik Bimetal Controls approved its audited standalone and consolidated financial results for the year ended March 31, 2026, reporting a 13% increase in standalone net profit to ₹8,186.05 lakhs and consolidated net profit to ₹9,585.85 lakhs. The board recommended a final dividend of ₹2 per share, aggregating the total dividend for FY26 to ₹4 per share, subject to shareholder approval. Additionally, the company updated on the appointment of a new Factory Manager and the deferral of its Pune plant launch due to pending government permissions.
*this image is generated using AI for illustrative purposes only.
Shivalik Bimetal Controls held its Board of Directors meeting on May 18, 2026, approving the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company submitted the newspaper clippings of these audited results to the stock exchanges on May 19, 2026, complying with Regulation 47 of the SEBI (LODR) Regulations, 2015. The results were published in the Financial Express and Jansatta.
Key Board Decisions
The board approved several key resolutions during the meeting:
| Agenda Item | Details |
|---|---|
| Financial Results | Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 approved |
| Final Dividend | ₹2/- per equity share (face value ₹2/-) recommended |
| Total Dividend for FY26 | ₹4.00 per share (including interim dividend of ₹2.00 per share) |
| Promoter Reclassification | Application to be filed with stock exchanges for No Objection Certificate regarding reclassification of M/s Solan Developers Private Limited |
| Factory Manager Appointment | Mr. Pankaj Kumar Gazta appointed as new Factory Manager effective June 01, 2026, succeeding Mr. Mukesh Kumar Verma upon his superannuation on May 31, 2026 |
| Pune Plant Update | Launch deferred beyond April 2026 due to pending government permissions; orders currently handled at Solan, Himachal Pradesh |
| Surplus Fund Investment | Approved investment in fixed deposits, mutual funds, bonds, government securities and other permissible instruments under Section 186 of the Companies Act, 2013 |
Standalone Financial Performance
On a standalone basis, the company reported a net profit of ₹8,186.05 lakhs for the year ended March 31, 2026, compared to ₹7,259.85 lakhs in the previous year. Revenue from operations for the year stood at ₹46,195.39 lakhs, up from ₹43,721.05 lakhs in FY25. The results include a one-time exceptional expense of ₹79.06 lakhs for the year, arising from the Government of India's consolidation of labour legislations into the New Labour Codes. Specifically, the company recognised ₹65.77 lakhs towards increased gratuity liability and ₹13.29 lakhs towards increased compensated absence.
| Metric | Q4 FY26 | FY26 | Q4 FY25 | FY25 |
|---|---|---|---|---|
| Revenue from Operations (₹ lakhs) | 11,670.94 | 46,195.39 | 11,422.38 | 43,721.05 |
| Total Income (₹ lakhs) | 12,089.11 | 47,496.71 | 11,749.71 | 44,958.73 |
| Net Profit (₹ lakhs) | 2,037.95 | 8,186.05 | 1,951.50 | 7,259.85 |
| EPS – Basic & Diluted (₹) | 3.55 | 14.20 | 3.41 | 12.57 |
Consolidated Financial Performance
On a consolidated basis, the group reported a net profit of ₹9,585.85 lakhs for FY26, rising from ₹7,705.53 lakhs in the previous year. Revenue from operations grew to ₹57,086.07 lakhs from ₹50,834.78 lakhs year-on-year. The joint venture, Innovative Clad Solutions Private Limited, contributed a share of profit of ₹335.38 lakhs for the year. The consolidated exceptional item for the year stood at ₹92.06 lakhs, reflecting the group's incremental impact from the New Labour Codes, comprising ₹75.17 lakhs towards increased gratuity liability and ₹16.89 lakhs towards increased compensated absence.
| Metric | Q4 FY26 | FY26 | Q4 FY25 | FY25 |
|---|---|---|---|---|
| Revenue from Operations (₹ lakhs) | 16,263.01 | 57,086.07 | 13,243.80 | 50,834.78 |
| Total Income (₹ lakhs) | 16,603.81 | 58,313.35 | 13,582.43 | 52,119.20 |
| Net Profit (₹ lakhs) | 2,604.73 | 9,585.85 | 2,105.16 | 7,705.53 |
| EPS – Basic & Diluted (₹) | 4.54 | 16.64 | 3.66 | 13.34 |
Balance Sheet and Cash Flow
The total assets as at March 31, 2026, stood at ₹53,830.41 lakhs on a standalone basis and ₹63,597.70 lakhs on a consolidated basis. On a standalone basis, total equity stood at ₹44,931.25 lakhs, while consolidated total equity was ₹48,134.72 lakhs. The company reported a net decrease in cash and cash equivalents of ₹1,287.40 lakhs for the standalone entity and ₹1,395.03 lakhs for the consolidated group during the year. Standalone cash and cash equivalents closed at ₹649.71 lakhs, down from ₹1,936.60 lakhs at the start of the year, while consolidated cash closed at ₹698.40 lakhs against an opening balance of ₹2,092.92 lakhs.
| Balance Sheet Metric | Standalone (₹ lakhs) | Consolidated (₹ lakhs) |
|---|---|---|
| Total Assets | 53,830.41 | 63,597.70 |
| Total Equity | 44,931.25 | 48,134.72 |
| Total Non-Current Assets | 17,261.09 | 20,709.96 |
| Total Current Assets | 36,569.32 | 42,887.74 |
| Cash & Cash Equivalents (Closing) | 649.71 | 698.40 |
Auditor's Report
The statutory auditors, M/s Arora Gupta & Co. (Firm Registration No.: 021313C), have issued an unmodified audit opinion on both the standalone and consolidated financial results for the year ended March 31, 2026. The Chief Financial Officer, Rajeev Ranjan, confirmed the unmodified nature of the audit reports pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015. The consolidated financial statements include three wholly owned subsidiaries — Shivalik Bimetal Engineers Private Limited, Shivalik Engineered Products Private Limited, and Shivalik Bimetals Europe SRL — along with joint venture Innovative Clad Solutions Private Limited.
Historical Stock Returns for Shivalik Bimetal Controls
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.54% | -4.22% | +22.22% | +65.63% | +44.18% | +806.69% |
When is Shivalik Bimetal's Pune plant expected to receive the pending government permissions, and how significantly could its operationalization impact the company's production capacity and revenue growth in FY27?
How might the reclassification of M/s Solan Developers Private Limited from the promoter category affect the company's ownership structure and investor sentiment going forward?
Given the strong consolidated revenue growth driven partly by subsidiaries and the Innovative Clad Solutions JV, which business segments or geographies are likely to be the primary growth drivers in FY27?
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