Q3 2025 Shivalik Bimetal Controls Ltd Earnings Call Transcript
Key Points
- Shivalik Bimetal Controls Ltd (BOM:513097) reported an increase in profit before tax margin by 159 basis points to 19.80% and profit after tax margin by 142 basis points to 14.86%, despite flat revenue growth.
- The Shunt resistor segment experienced notable growth in India and other parts of Asia, with a 34.81% increase in India over nine months of FY25.
- The company is exploring opportunities in value-added component manufacturing, forward integration, potential joint ventures, and strategic inorganic growth to diversify target markets and expand business.
- Shivalik Bimetal Controls Ltd (BOM:513097) has signed forward integration contracts with leading global OEMs for high-value components, expected to contribute to performance in the coming months.
- The Board declared an interim dividend of 60%, reflecting the company's commitment to rewarding shareholders while building long-term value.
- Consolidated revenue from operations slightly decreased to INR123.28 crores in Q3 FY25 from INR126.21 crores in Q3 FY24, indicating flat revenue growth.
- The company faces challenges with increased net working capital days and inventory days, largely due to over 75% of raw materials being sourced internationally, resulting in a long inventory cycle.
- There is a flat revenue run rate between INR120 crores to INR125 crores over the last six to eight quarters, raising concerns about growth momentum.
- The bimetal segment showed limited growth in the Americas, with only a 3% increase, and faced challenges in Europe and Asia due to reduced demand.
- The company is still in the process of developing backward integration initiatives to reduce costs and lead times, which may take time to materialize.
Ladies and gentlemen, good afternoon. Welcome to Shivalik Bimetal Controls Limited's Q3 and nine-month FY25 earnings webinar produced by ElevEase. I am Shankhini Saha, Director of Investor Relations from Dickenson, and I will be moderating our call today.
Joining us from the Shivalik's management team are Mr. Sumer Ghumman, Whole-Time Director and Mr. Rajeev Ranjan, CFO.
Please note that this conference is being recorded and that some statements in this call may be forward-looking based on current expectations and subject to risks that could cause results to differ materially. You can download Shivalik's investor presentation and press release from the links in the community chat or from the company website or the NSE.
I now hand the conference over to Mr. Rajeev Ranjan, CFO of Shivalik, to make a few opening remarks. Over to you, Rajeev.
Thank you, Shankhini. Good afternoon, ladies and gentlemen. As CFO
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