During Friday’s trading session, the shares of India’s leading manufacturer of non-welded panels surged by 4.4 percent to Rs. 194.9 on NSE, after the company announced receiving a commercial order from Dalmia.
With a market capitalisation of Rs. 463 crores, at 02:54 p.m., the shares of Shivalic Power Control Limited were trading in the green at Rs. 192, up by nearly 2.8 percent, as against its previous closing price of Rs. 186.75.
What’s the news
According to the latest regulatory filings with the NSE, Shivalic Pow Control Limited has secured a commercial order from Dalmia amounting to Rs. 37.5 lakhs. The order involves the supply of LT panels and is scheduled to be completed by mid of May 2025.
Previous Orders
28th December 2024: Shivalic Power was awarded a significant ord from GMT Industries, valued at Rs. 3.08 crores, for the supply and installation work for electrical items. The project is also scheduled for completion by March 2025.
3rd January 2025: Shivalic Power was awarded a commercial order from Victora Auto Private Limited, valued at Rs. 35 lakh, for the supply of LT Panels. The project is also scheduled for completion by Mid of April 2025.
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Financials
The company reported a significant growth in revenue from operation experiencing a year-on-year increase of nearly 74.2 percent, rising from Rs. 31 crores in H1 FY24 to Rs. 54 crores in H1 FY25.
Likewise, during the same period, the company’s net profit increased fr Rs. 3 crores to Rs. 6 crores, representing an impressive growth of around 100 percent YoY.
Expansion Plans
Over the next 5-6 years, Shivalic Power Control Limited aims to achieve a compound annual growth rate (CAGR) of 40-45 percent, using FY24 as the base year.
2026-2028: The company plans to expand its business capacity by establishing assembly points in strategic locations across India. Additionally, it will set up a new manufacturing facility to diversify its product offerings, including CSS, transformers, and sandwich BBT.
2028-2030: Shivalic Power plans to enter global markets by forming strategic partnerships and developing distribution networks in targeted regions such as Africa and the Middle East. During this period, the company also plans to invest in a state-of-the-art R&D facility to promote creativity and innovation.
About the company
Incorporated in 2004, Shivalic Power Control Limited is engaged in the business of manufacturing and sales of a diversified range of electr panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT&HT APFC Panels.
The manufacturing facility is located at Ballabgarh, Haryana, having a production capacity of 10,000 verticals per annum.
Written by Shivani Singh
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