Shivalik Bimetal's PBT in March Quarter up by 31.48%
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
Mumbai, May 30, 2025 – Shivalik Bimetal Controls Ltd (NSE: SBCL, BSE: 513097) reported a solid Q4 FY25 performance, registering a 31.48% year-on-year rise in profit before tax (PBT) despite a slight decline in full-year revenue. The Board has proposed a final dividend of ₹1.50 per share, raising the total FY25 dividend to ₹2.70 per share.
Q4 FY25 and Full-Year Financial Highlights (Standalone)
| Particulars | Q4 FY25 | Q4 FY24 | YoY Change | FY25 | FY24 | YoY Change |
|---|---|---|---|---|---|---|
| Total Income (₹ Cr) | 114.22 | 111.77 | +2.19% | 437.21 | 449.41 | -2.72% |
| EBITDA (₹ Cr) | 26.47 | 21.20 | +24.87% | 97.43 | 102.22 | -4.69% |
| EBITDA Margin | 23.17% | 18.96% | +422 bps | 22.28% | 22.75% | -47 bps |
| Profit Before Tax (₹ Cr)* | 23.12 | 17.58 | +31.48% | 84.70 | 87.74 | -3.46% |
| PBT Margin | 20.24% | 15.73% | +451 bps | 19.37% | 19.52% | -15 bps |
*Excludes other income
Segment Highlights
Shunt Resistors contributed ~49% to FY25 standalone revenue. Revenue rose 3.68% YoY, with volumes up 6.16%. India led with a 31.31% increase (₹67.04 Cr from ₹51.06 Cr), while Europe and Asia (ex-India) grew 20.74% and 22.69%, respectively. Exports formed 56.22% of revenue, driven by demand from Southeast Asia, Europe, and the Middle East.
Thermostatic Bimetals & Trimetals saw an 8.07% decline in FY25 revenue. Regional dips included India (-7.31%), Europe (-17.42%), and Asia ex-India (-23.41%). However, Q4 FY25 showed a recovery, with Asia (excluding India) up 61.85%, Europe at 9.68%, and the Americas at 6.67%, although India declined by 8.65%.
Operational & Strategic Updates
- Maintained a zero-debt position with cash flows exceeding capital expenditure.
- ROCE stood at a robust 24.65%.
- Working capital remained steady despite an increase in export-related inventory.
- PAT for FY25 was ₹72.43 Cr (16.57% margin).
Management Statements
MD Kabir Ghumman highlighted a 31.5% PBT growth driven by margin gains and strategic execution. Whole-Time Director Sumer Ghumman noted balanced revenue from a growing global presence in Shunt Resistors. CFO Rajeev Ranjan reaffirmed the company’s financial discipline through consistent margins and a strong return on capital employed (ROCE).
Outlook
Shivalik plans to deepen localisation, customise offerings, and enhance global reliability, with a focus on FY26 on resilience, margin strength, and expansion in the smart grid and industrial control segments.
About Shivalik Bimetal:
Established in 1984, Shivalik Bimetal Controls Ltd. is a leading manufacturer of thermostatic bimetal/trimetal strips and shunt resistors, with two production units located in Solan and serving over 300 global clients.
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REF; https://nsearchives.nseindia.com/corporate/SBCL_29052025220131_NSEBSEPRESSRELEASE290525s.pdf
