The shares of the Micro-cap company specializing in LT and HT electric panels, including non-welded, earthquake-resistant, and internal arc-tested solutions, are in focus upon receiving a commercial work order from Omaxe Limited
Price action
With a market capitalization of Rs. 323.87 crores on Friday, the shares of Shivalic Power Control Limited declined upto 4.8 percent, making a low of Rs. 130.40 per share compared to its previous closing price of Rs. 137.00 per share.
What Happened
Shivalic Power Control Limited, engaged in LT and HT electric panels, including non-welded, earthquake-resistant, and internal arc-tested solutions, has been awarded a prestigious order valued at approximately Rs. 40 Lacs by Omaxe Limited. This commercial order involves the supply of LT panels and is scheduled to be completed by May 2025.
About the Company
Shivalic Power Control Limited, established in 2004 and headquartered in Faridabad, India, specializes in manufacturing low and high-tension electrical control panels. With a robust presence in both domestic and international markets, Shivalic has served over 500 clients across more than 15 industries, such as data centers, steel, cement, FMCG, and more.
Products & services offered
The company offers a diverse range of products, including PCC, IMCC, Smart, MCC, DG synchronization, outdoor, HT panels up to 33kV, VFD panels, power distribution boards, bus ducts, and LT & HT APFC panels.
Guidance
The company aims for a Compound Annual Growth Rate (CAGR) of 40 to 45 percent over the next 5-6 years, starting from the base year FY24. This ambitious growth target is driven by increased demand, strategic expansions, and a robust product portfolio.
Future plans
The company, between FY2026 and FY2028, plans to expand its manufacturing facility by setting up assembly points at strategic locations across India and establishing a new plant to increase production capacity. The expansion will also focus on diversifying products, including CSS, transformers, and sandwich BBT.
The company, between FY2028 and FY2030, plans to expand globally by identifying key international markets, particularly in Africa and the Middle East. It will establish strategic partnerships and distribution channels, invest in a state-of-the-art R&D facility, and collaborate with academic institutions and industry experts to drive innovation and advancements.
Financials
The company’s revenue rose by 73.9 percent from Rs. 31.15 crore to Rs. 54.19 crore in H1FY24-25. Meanwhile, the Net profit rose from Rs. 3.37 crore to Rs. 6.46 crore during the same period.
Written by Sridhar J
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