One of the leading Bimetal manufacturers signed the Memorandum of Understanding for setting up a Joint Venture in India to manufacture and sale of electrical contacts.
With a market capitalization of Rs 3,117.54 Crores. Shivalik Bimetal Controls Ltd, On Friday, The shares closed at Rs 541.20 a share, an increase of 0.20 percent from the previous closing price.
The company filing states that Shivalik Bimetal Controls Ltd and Metalor Technologies International SA (Switzerland) signed a Memorandum of Understanding to establish a joint venture in India for the production and marketing of electrical contacts. The joint venture may go live in the upcoming trading session.
Thermostatic Bi-metals and Shunt Resistors are two specialized markets that are dominated by SBCL. In terms of market share, the company holds approximately 90% of the domestic market for Thermostatic Bi-metals and approximately 15% of the global market as per the HDFC securities.
Looking into the company’s performance, Shivalik Bimetal Controls Ltd’s revenue increased by 8.47 percent from Rs 118 Crore in Q2FY23 to Rs 128 Crore in Q2FY24. During the same period, net profits increased by 5.2 percent from Rs 19 crore to Rs 20 crore.
Shivalik Bimetal Controls Ltd’s recent shareholding pattern, The Promoters of The Company own 51.09 percent while Retail shareholders own a 43.28 percent stake in the company and Foreign Institutional Investors own a 4.18 percent stake.
Shivalik Bimetal Controls Ltd reported an increase in the return ratios with the return on equity (ROE) increasing from 33.29 percent in FY 2021-22 to 34.61 percent in FY 2022-23, and in the same time frame, return on capital employed (ROCE) increased from 36.48 percent to 38.18 percent.
Shivalik Bimetal Controls Ltd. is a company that specializes in joining materials using a variety of techniques, including resistance welding, electron beam welding, diffusion bonding/cladding, and solder reflow.
Written by:- Abhishek Singh
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