| Management target | Revenue 30.0% FY28 |
|---|
| Revenue growth | H1 revenue ~39% YoY; metal pass-through inflates part of growth |
|---|---|
| Margins | Margins expected to dip 1-2.5 ppt from assembly mix; legacy stable |
| Demand visibility | Management sees India switchgear demand 'looking good' for two-three quarters; unquantified |
| Management confidence | Balanced-to-optimistic; hedged forward outlook, 'if all goes well' |
Growth
Shunt volume fell about 16% while value rose; ex-metal growth is about 25-26%. Contacts value nearly doubled, partly from silver prices.
Outlook
Guides 30-35% revenue growth over two years to FY28, described as sustainable. Margins may dip 1-2.5 ppt from assembly mix.
Risks
Inventory build-up left unquantified. Assembly at 15-16% EBITDA dilutes margins. CFO seat vacant until December. Heavy dependence on Kabir Ghuman.
Last quarter's promises, checked
Delivered
- FY27 rev +20-30% → H1 ~39% YoY (= BEAT, H1 basis)
Partly delivered
- Margins 'sustainable' → guided 1-2.5ppt dip from assembly mix (= PARTIAL)
- 2-3 CCS programs converting by end-2026 → still 'advanced stages' (= PARTIAL, pending)
- Pune capex ₹20-25 cr → amount undisclosed (= PARTIAL, unverifiable)
Missed
- New tech/product news 'by next call' → still 'under analysis', timing undisclosed (= MISS)
Earnings Call Transcript filed with BSE, NSE: SBCL. Summary written with AI assistance from the document.
Shivalik Bimetal Controls Ltd: key numbers
- Share price
- ₹1,071.30
- Market cap
- ₹6,171 Cr
- Revenue (annual)
- ₹570.9 Cr
- Net profit (annual)
- ₹95.86 Cr
- P/E (TTM)
- 53.2×Sector 52.6×
- Promoter holding
- 33.61%+0.00% QoQ
- FII holding
- 3.41%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
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