This Microcap Electric stock which deals in manufactures a wide range of electric panels was up by 2.4 percent in the day’s trade after the company received an order from Machino Plastics worth Rs. 3.7 crore.
Price Action
With a market capitalization of Rs. 493 Crores, the shares of Shivalic Power Control Limited were up by 2.4 percent in the day’s trade touching a day’s high of Rs. 209 per share. The stock reiterated from the day’s high and closed at Rs. 204 per share which is down 0.02 percent higher from the previous closing price of Rs. 204.05 apiece.
What Happened
The company received an order from Machino Plastics worth Rs. 3.70 crore approx to supply and installation work for all electrical items. The project is scheduled to be completed by February 2025.
About the Company
Shivalic Power Control Limited was established in 2004. It is an ISO-certified manufacturer specializing in Low Tension and High Tension electric panels. With over 20 years of experience, they focus on quality and innovation, producing a diverse range of products including PCC panels, MCC panels, and smart panels for various industrial sectors.
They serve over 500 clients across India and international markets such as Nepal and several African countries. Their business model focuses on strategic sourcing from industry leaders like Siemens and L&T, ensuring high-quality standards while expanding into new markets, including data centers.
Products and services
The company specializes in manufacturing a diverse range of electric panels which includes MCC Panels, PCC Panels, Smart Panels, IMCC Panels, DG Synchronization Panels, Outdoor Panels, and HT Panels up to 33KV. Shivalic also produces Power Distribution Boards, Bus Ducts, and Automatic Power Factor Correction Panels. Additionally, Shivalic offers customized solutions tailored to specific industry needs, ensuring high-quality and reliable electrical control systems for various sectors.
Financials & Ratios
Its Revenue from operations grew by 72 percent year on year from Rs. 31.01 Crores in H1FY24 to Rs. 53.51 Crores in H1FY25, accompanied by profits of Rs. 3.37 Crores to Rs. 6.46 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 35.50 percent and a return on capital employed (ROCE) of 30.53 percent. It has reported a debt-to-equity ratio of 0.88.
Shareholding Pattern
As of September 2024, the shareholding pattern with promoters stake holding a share of 70.86 percent in Shivalic Power Control, Foreign Institutional Investors (FII) holdings stood at 2.14 percent, Domestic Institutional investors (DII) standing at 3.10 percent and public holdings standing at 23.90 percent.
Written by Santhosh S
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