Shivalik Bimetal Controls Ltd’s wholly owned subsidiary, Shivalik Engineered Products Private Limited, has received consent to operate a new facility in Himachal Pradesh. The regulatory approval covers the site located at Plot No. 2 to 4 and 9 to 12, Industrial Area, Waknaghat, Distt. Solan, Himachal Pradesh- 173234. This development supports the company's continued expansion efforts and operational commitments.

The relocation to the new facility is being executed in a planned, phased manner. This strategy is intended to ensure uninterrupted production and maintain seamless support for all stakeholders during the transition period. The company aims to mitigate any potential operational disruptions through this approach.

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was filed by Aarti Sahni, Company Secretary of Shivalik Bimetal Controls Ltd , on July 03, 2026.

Facility Details

Shivalik Bimetal Controls Limited reported a robust financial performance for FY26, with consolidated revenue growing 12.3% to ₹570.9 crore and profit after tax (PAT) rising 24.8% to ₹95.8 crore. The company achieved an EBITDA of ₹130.7 crore, reflecting a 26.0% increase, while EBITDA margins expanded by approximately 250 basis points to 22.9%. This growth was attributed to better realisations, an improved product mix, operating leverage, and continued cost discipline.

Financial Performance

The company's strategic shift towards higher value-added components and assemblies supported its earnings quality. On a standalone basis, revenue growth was driven by better average realisations despite broadly stable product volumes. The following table summarises the key financial metrics for FY26:

Operational Highlights

Shivalik's core businesses provided a strong foundation during the year. The Shunts segment saw significant demand in India across automotive, smart metering, and energy management applications. In Thermostatic Bimetals, Europe delivered strong traction due to deeper customer engagement and export momentum. The company noted that its electric contacts business grew approximately 60% on a revenue basis, with about half of this increase stemming from actual business growth and the remainder from higher silver commodity prices.

Strategic Developments

The company is focusing on moving from individual products to integrated solutions. The new facility in Pune is expanding capabilities in PCBA and busbar assemblies for automotive and electrification-led applications. Management indicated that the new standalone unit for bus bars and CCS has a revenue potential of ₹250 to ₹350 crore over the next 2 to 3 years.

Geographically, the business is becoming more balanced. While India remains the largest market, Europe has emerged as a strong growth engine, and Asia delivered broad-based momentum. The Americas were soft during FY26, but the company is seeing early signs of normalisation. Management expressed confidence that revenue from a key US customer would recover to previous peak levels in the coming years, supported by new product developments in component form rather than strip.

Outlook

As Shivalik enters FY27, its focus remains on prioritising margin quality, working-capital efficiency, and deeper customer partnerships. The company stated that it has sufficient capacity to support a total revenue of ₹1300 crore across its segments without substantial growth capex, requiring only maintenance and automation capex in the range of ₹10 to ₹15 crore annually. Internal targets aim for upwards of 20% revenue growth, closer to 30%, over the next few years.