🧪 Shivalik Bimetal FY25 Results: Resistors Rock, Bimetals Buckle – Is This a Margin Machine in the Making?

📌 At a Glance

Shivalik Bimetal Controls Ltd (SBCL) wrapped up FY25 with a flat topline but a punchy Q4 — 422 bps YoY margin expansion and 31% growth in Indian shunt resistor sales. While bimetals fumbled, SBCL flexed serious discipline with cash flows, exports, and product mix. Final dividend? ₹2.70/share. ROCE? A delicious 24.65%.

🏢 About the Company

• Name: Shivalik Bimetal Controls Ltd (SBCL)
• Founded: 1984
• HQ: New Delhi
• Core Products: Thermostatic bimetal strips, shunt resistors
• Applications: EVs, smart meters, industrial controls, switchgear
• Exports: 56% of revenue
• Clients: 300+ across 40 countries

🧑💼 Key Managerial Personnel (KMP)

• MD: Kabir Ghumman
• Whole-Time Director: Sumer Ghumman
• CFO: Rajeev Ranjan

📊 Financials – FY25 (Standalone)