Shivalik Bimetal CON. Ltd
NSE: SBCL · Iron & Steel Products · sector
₹915.70NSE close 2026-10-26
Key numbers
Market cap₹5,275 cr
Price₹915.70
52w high / low₹1,216 / ₹369
P/E49.7xSector median 15.5x
P/B11.0xSector median 1.7x
Book value₹83.6
Dividend yield0.38%Sector median 0.60%
ROE23.9%Sector median 11.1%
ROCE25.9%Sector median 11.9%
OPM22.9%Sector median 6.7%
Debt / equity0.12xSector median 0.21x
EV/EBITDA37.0xSector median 11.8x
Interest cover28.2x
Current ratio3.47x
Sales growth 3y+6.7%Sector median +2.1%
Profit growth 3y+6.6%Sector median +13.0%
PEG7.31x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹105 cr vs borrowings ₹59 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 28.2x in the last 12 months.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Debtor days went from 82 (FY24) to 99 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹915.70 on 2026-10-26: -24.7% from the 52-week high, +148.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,143.20 · low ₹385.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 127 | 123 | 132 | 137 | 137 | 134 | 163 | 182 |
| EBITDA | 27 | 25 | 28 | 32 | 31 | 31 | 35 | 43 |
| OPM % | 21.3% | 19.9% | 21.5% | 23.4% | 22.6% | 23.3% | 21.8% | 23.9% |
| Other income | 3 | 4 | 3 | 2 | 4 | 3 | 3 | 3 |
| Net profit | 20 | 18 | 21 | 23 | 25 | 22 | 26 | 33 |
| EPS (₹) | 3.41 | 3.17 | 3.66 | 3.96 | 4.27 | 3.88 | 4.54 | 5.73 |
| Revenue YoY | +8.5% | +8.9% | +22.8% | +33.4% | ||||
| Profit YoY | +24.6% | +21.6% | +23.8% | +44.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 324 | 470 | 509 | 508 | 571 | 616 |
| EBITDA | 73 | 109 | 106 | 104 | 130 | 141 |
| Net profit | 55 | 79 | 84 | 77 | 96 | 106 |
| EPS (₹) | 14.37 | 13.66 | 14.59 | 13.34 | 16.64 | 18.42 |
| Revenue growth | +45.2% | +8.2% | -0.1% | +12.3% | +18.8% | |
| Profit growth | +43.5% | +6.5% | -8.6% | +24.4% | +29.4% | |
| Dividend / share (₹) | 0.80 | 1.00 | 1.40 | 2.20 | 3.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.7% | +22.9% | +18.8% |
| Net profit | +6.6% | +30.3% | +29.3% |
| EPS | +6.8% | +20.2% | – |
| Share price | – | +17.9% (2y) | +90.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 266 | 342 | 406 | 481 |
| Borrowings | – | 58 | 42 | 33 | 59 |
| Cash & equivalents | – | 18 | 39 | 79 | 105 |
| Total assets | – | 390 | 443 | 508 | 636 |
| Fixed assets | – | 110 | 113 | 129 | 143 |
| Capital work in progress | – | 5 | 13 | 24 | 34 |
| Investments | – | 0 | 11 | 13 | 16 |
| Receivables | – | 93 | 114 | 111 | 156 |
| Inventory | – | 132 | 128 | 131 | 153 |
| Payables | – | 42 | 39 | 39 | 56 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -3 | 66 | 69 | 94 | 55 |
| Cash from investing | -24 | -43 | -18 | -58 | -68 |
| Cash from financing | 23 | -16 | -29 | -26 | -0 |
| Capex | 0 | 32 | 22 | 30 | 35 |
| Free cash flow | -3 | 34 | 47 | 63 | 20 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 29.8% | 24.7% | 19.0% | 19.9% |
| ROCE % | – | 33.5% | 29.5% | 23.9% | 23.7% |
| Debtor days | – | 72 | 82 | 80 | 99 |
| Inventory days | – | 196 | 165 | 166 | 179 |
| Payable days | – | 63 | 50 | 49 | 65 |
| Cash conversion cycle (days) | – | 205 | 197 | 197 | 213 |
| Working capital days | – | 123 | 153 | 178 | 195 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 33.61% |
| FIIs | 3.41% |
| DIIs | 10.87% |
| of which Mutual funds | 5.36% |
| of which Insurance | 0.39% |
| Public (non-institutions) | 52.11% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 33.17% | 33.17% | 33.17% | 33.17% | 33.17% | 33.37% | 33.61% | 33.61% |
| Promoter group | % |
|---|---|
| O D Finance and Investment Private Limited | 15.73% |
| Narinder Singh Ghumman | 7.80% |
| Kabir Ghumman | 3.79% |
| Sumer Ghumman | 3.78% |
| Tejinderjeet Kaur Ghumman | 1.60% |
| Sirmaur Hospitality Private Limited | 0.91% |
| Milly Ghumman | 0.00% |
| Shana Ghumman | 0.00% |
| Public holders above 1% | % |
|---|---|
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life Small CAP Fund | 3.75% |
| Mahendrabhai Chandulal Dharu HUF | 1.28% |
| Persistence Capital Fund I | 1.27% |
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 1.22% |
| Premilaben Mahendrakumar Dharu | 1.16% |
| Niveshaay Hedgehogs Fund | 1.07% |
| Lincoln P Coelho | 1.04% |
| Dheeraj Kumar Lohia | 1.01% |
| HSBC Mutual Fund - HSBC Aggressive Hybrid Fund | 1.00% |
| Ajay Kumar Aggarwal | 1.00% |
72,483 shareholders. Pledged: – of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| SBCL | ₹5,275 cr | 49.7x | 11.0x | 23.9% | 25.9% | 22.9% | +6.7% | 0.38% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-25 | Dividend | Dividend - Rs 2 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2025-09-08 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-02-20 | Dividend | Interim Dividend - Rs 1.2 Per Share |
| 2024-09-19 | Dividend | Dividend - Re 1 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Re 0.70 Per Share |
| 2023-09-18 | Dividend | Dividend - Re 0.70 Per Share |
| 2023-02-20 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2022-10-12 | Bonus | Bonus 1:2 |
| 2022-09-19 | Dividend | Dividend - Re 0.50 Per Share |
| 2022-02-10 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2021-09-07 | Dividend | Annual General Meeting/Dividend - Rs 0.30 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture: Manufacture of Thermostatic Bimetal/ Trimetal Strips/ Parts
- Manufacture: Manufacture of EB welded shunt strips/parts
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | SBCL |
| BSE code | 513097 |
| ISIN | INE386D01027 |
| Face value | ₹2.0 |
| Incorporated | 1984-06-18 |
| Website | www.shivalikbimetals.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.