During Friday’s trading session, the shares of India’s leading manufacturer of non-welded panels surged by 2.2 percent to Rs. 242 on BSE, after the company announced receiving two purchase orders from multiple clients including Cipla.
Price Movement
With a market capitalisation of Rs. 571.5 crores, at 10:29 a.m., the shares of Shivalic Power Control Limited were trading in the green at Rs. 237, up by nearly 0.2 percent, as against its previous closing price of Rs. 236.75.
The stock hit its 52-week high at Rs. 396.75 on 5th July, and compared to its current trading price of Rs. 237, the shares of Shivalic Power are trading at a discount of nearly 40 percent.
What’s the news
Shivalic Power Control Limited has secured two purchase orders from multiple clients, amounting to a total of Rs. 138 lakhs. Both projects are scheduled to be completed by mid-April 2025.
According to the latest regulatory filings with the NSE, the first order, valued at Rs. 75.95 lakhs, was awarded by Cipla for the supply of LT panels.
Additionally, the company received another order worth Rs. 62 lakhs from Solid Properties Private Limited, also for the supply of LT panels.
Previous Orders
24th December 2024: the company secured a commercial order worth nearly Rs. 51.62 lakhs from Technovative Engineers Private Limited for the supply of LT Panels. The project is scheduled to be completed by mid-March 2025.
28th December 2024: Shivalic Power was awarded a significant order 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.
Financials
The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 24.4 percent, rising from Rs. 82 crores in FY23 to Rs. 102 crores in FY24.
Likewise, during the same period, the company’s net profit increased from Rs. 7 crores to Rs. 11 crores, representing a growth of around 57.2 percent YoY.
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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.
Shareholding Pattern
As per the September 2024 shareholding pattern, the Promoters hold a 70.86 percent stake in the company, Foreign Institutional Investors (FII) hold a 2.14 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 23.9 percent and 3.1 percent stake in Shivalic Power Control Limited, respectively.
About the company
Incorporated in 2004, Shivalic Power Control Limited is engaged in the business of manufacturing and sales of a diversified range of electric 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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