Shivalik Bimetal ControlsNSE:SBCL
Current view Q4 2026
Makes tiny critical parts for circuit breakers, smart meters and EVs. Profit jumped 25% by shifting to higher-value products; new EV-parts plant coming. But management keeps swapping its growth story.
Latest exchange filings last 5 · 5 after Q4 2026
- 7 Sep ’26Aarti Sahni resigned as Company Secretary, Compliance Officer and Nodal Officer effective 7 December 2026. ↗
- 3 Sep ’2642nd AGM e-voting results announced; all 7 resolutions passed on September 2, 2026. ↗
- 2 Sep ’26Shareholders approved AOA amendment on 2 Sept 2026 for future capital raising initiatives. ↗
- 2 Sep ’2642nd AGM approved reappointment of Kabir Ghumman and auditors, including Walker Chandiok & Co. LLP for 5 years. ↗
- 2 Sep ’26Shareholder Meeting / Postal Ballot-Outcome of AGM 2 Sep ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +23.5% | +21.6% | +6.7% | +22.9% |
| Operating profit | ▲ +25.0% | +9.4% | +6.5% | +28.1% |
| EPS | ▲ +23.8% | +17.4% | +6.6% | +30.3% |
| PAT | ▲ +23.8% | +18.2% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +23.5%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Average60/100
Growing, but too slowly to re-price. Profit per share grew 7% a year. A big re-pricing usually needs more than 15% a year, so the score is capped no matter how cheap it looks.
₹1,110 → ₹2,220 needs the P/E at 110× — it is 67× today, and has ranged 21× to 69× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 165× — never traded above 69× in 5 years.
Re-rated already, on growth that doesn't fully back it.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹6,128 cr, so the odds of a re-rate are not fighting its own size.
Band capped: growth of 6.6% is below the 15% bar a re-rate needs.
Growth rate used: 6.6% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 24%.
How it compares with its rivals Capital Goods · 6 of 87 listed
It earns 27% on its capital, second of 6, and it is the most expensive of those shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Shivalik Bimetal | ₹1,101 | 59.5× | ₹6,341 Cr | 26.6% | +44.1% | +33.4% |
| Welspun Corp | ₹2,600 | 29.7× | ₹68,583 Cr | 22.9% | +198.6% | +14.9% |
| APL Apollo Tubes | ₹2,198 | 49.7× | ₹61,036 Cr | 31.8% | +10.9% | +8.4% |
| Shyam Metalics | ₹1,093 | 27.2× | ₹30,509 Cr | 13.0% | +18.1% | +23.4% |
| Ratnamani Metals | ₹2,792 | 44.6× | ₹19,566 Cr | 17.9% | −37.7% | −15.6% |
| Jindal Saw | ₹293 | 28.8× | ₹18,731 Cr | 10.4% | −75.4% | +9.0% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | broadly flat | operating margin 24% → 24% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it arrived as cash | 65% last year, 90% over three · free cash flow ₹20 cr, positive in 4 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹71 cr — 0.15× its own equity (was 0.10×) |
| Is it being collected? | customers are taking longer to pay | 99 days to collect, up 19 in a year · cash cycle 213 days |
| Who has been buying? | the promoters have held steady | promoters 33.6% (+0.4 in a year), 51.1% → 33.6% over 2.8 years · FIIs 2.0% (−1.1) · DIIs 14.5% (−6.5) · shareholders 53,111 → 65,391 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 26.6% · ROE 21.8% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.0%
- Company has been maintaining a healthy dividend payout of 18.6%
Against it
- Stock is trading at 13.0 times its book value
- Promoter holding is low: 33.6%
- Promoter holding has decreased over last 3 years: -27.0%
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.