The share of this small-cap gained up to 1.7 percent after the company signed a MoU for setting up a Joint venture to produce Electrical Contacts.
With a market capitalization of Rs 3,139.45 Crores. Shivalik Bimetal Control Ltd, On Thursday, The shares were trading at Rs 545 a share, an increase of 1 percent from the previous closing price.
In order to establish a joint venture to manufacture electrical contacts, Shivalik Bimetal Control Ltd., a well-known worldwide manufacturer of shunt resistors and bimetal/tri-metal strips, and Metalor Technologies International SA signed a Memorandum of Understanding (MoU), according to the exchange filing.
In addition to the paragraph above, investigate the viability of establishing a joint venture to manufacture electrical contacts in India. By working with a well-known international leader, Shivalik hopes to improve its manufacturing capacity for electrical contact production through this strategic partnership.
Between 2021 and 2023, Shivalik Bimetal Control Ltd. accomplished three significant goals: opening a new factory, reaching a net worth of more than INR 230 crores, and building the biggest EBW, bonding, and stamping capacity in the world.
A CAGR of approximately 9% is predicted for Shivalik Bimetal Control Ltd.’s total global addressable market, which was $1.23 billion in FY 2022 and will reach $2.4 billion by FY 2030.
Looking into the company’s performance, Shivalik Bimetal Control Ltd.’s revenue increased by 8 percent from Rs 118 Crore in Q2FY23 to Rs 128 Crore in Q2FY24. During the same period, net profits increased by 5 percent from Rs 19 crore to Rs 20 Crore.
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