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🔥 Shivalik Bimetal Controls – The Metal Strip Stock That Slapped 85% Returns (and FIIs Too) 🔥

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🧠 At a Glance

Shivalik Bimetal Controls Ltd is no ordinary metal company — they don’t make steel bars, they engineer the brains of modern electronics. From electric vehicles to smart meters, if current needs to be measured, Shivalik’s shunt resistors and bimetal strips are probably in there. With a CAGR of 42% in profit over 5 years, a joint venture with Metalor, and ROCE of 26%, this ₹3,000 Cr microcap punches way above its weight. But is the recent FII frenzy justified, or is the market pricing in too much optimism?


1️ Hook: “Not All Metals Are Dumb”

Shivalik isn’t mining or smelting — it’s precision-engineering:

  • Electron beam welded bimetal strips ⚡
  • Shunt resistors for EVs, meters, and switchgear
  • Client base spans North America, Europe, and Asia
  • Clean balance sheet, high margins, and MoUs with global tech players like Metalor

Basically: if you use electricity, you’ve probably used Shivalik. Indirectly.


2️ WTF Do They Even Do?

Business Model:

  • 🎯 Core: Manufacturing & sale of:
    • Thermostatic bimetal/trimetal strips
    • Shunt resistors & current sense metal strips
    • Electron beam welded products
  • 👨🔬 Tech Edge:
    • Electron beam welding
    • Continuous brazing
    • Resistance bonding
  • 💡 End-Use Industries:
    • Automotive (especially EVs 🚗⚡)
    • Electrical switchgear & circuit protection
    • Energy meters & smart meters
    • Consumer durables & industrial electronics

3️ Financials – Consistency Is Sexy

FYSales (₹ Cr)Net Profit (₹ Cr)
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