Shivalik Bimetal FY26 PAT Rises 24.8% to ₹95.84 Cr
Shivalik Bimetal Controls Limited reported a 24.76% YoY increase in PAT to ₹95.84 crore for FY26, with revenue rising 12.30% to ₹570.86 crore. EBITDA grew 26.03% to ₹130.72 crore, improving margins to 22.90%. The company maintains a robust balance sheet with a net worth of ₹481 crore and a net cash position of ₹105 crore.
*this image is generated using AI for illustrative purposes only.
Shivalik Bimetal Controls Limited has released its financial results for the quarter and year ended March 31, 2026. The company reported a 24.76% year-on-year increase in Profit After Tax (PAT) to ₹95.84 crore for FY26, compared to ₹76.82 crore in the previous year. Revenue from operations rose by 12.30% to ₹570.86 crore, up from ₹508.35 crore in FY25.
Financial Performance
The company’s EBITDA for the fiscal year stood at ₹130.72 crore, a growth of 26.03% from the previous year. The EBITDA margin improved to 22.90% from 20.40% in FY25. Earnings Per Share (EPS) for FY26 was recorded at 16.64. The balance sheet remains robust with a net worth of ₹481 crore and a net cash position of ₹105 crore against total debt of ₹59 crore.
| Metric | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations (₹ Cr) | 570.86 | 508.35 | 12.30% |
| PAT (₹ Cr) | 95.84 | 76.82 | 24.76% |
| EBITDA (₹ Cr) | 130.72 | 103.72 | 26.03% |
| EBITDA Margin (%) | 22.90% | 20.40% | 250 bps |
| EPS | 16.64 | - | - |
Operational Highlights
Shivalik Bimetal Controls operates across three primary segments: Shunt Resistors, Thermostatic Bimetals, and Electrical Contacts. In FY26, Shunt Resistors contributed 40.27% to the revenue mix with ₹230.68 crore, while Thermostatic Bimetals accounted for 40.37% with ₹231.25 crore. Electrical Contacts contributed 19.37% with revenue of ₹110.94 crore. The company reported an export share of 56.66% and a Return on Capital Employed (ROCE) of 25.7%.
Strategic Developments
The company continues to focus on its Pune R&D and CCS Project, established for higher value-added assemblies such as bus bar connectors and PCBA assembly. This facility aims to support the automotive and electrification sectors. Shivalik highlighted its competitive advantages, including in-house Electron Beam Welding (EBW) capabilities and a strong R&D intensity of 1%, which supports its position in the global market.
Historical Stock Returns for Shivalik Bimetal Controls
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.40% | +6.97% | +14.51% | +75.14% | +59.78% | +867.11% |
How will Shivalik Bimetal's Pune CCS Project ramp-up timeline and capital allocation impact revenue contribution from higher-margin bus bar and PCBA assemblies over the next 2-3 years?
Given the company's 56.66% export share, how vulnerable is Shivalik Bimetal to potential currency headwinds or geopolitical trade disruptions affecting key international markets?
With ROCE at 25.7% and a net cash position of ₹105 crore, is the company likely to pursue inorganic growth through acquisitions or significantly expand capacity in any of its three segments?
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