Q4 2026 Shivalik Bimetal Controls Ltd Earnings Call Transcript
Key Points
- Shivalik Bimetal Controls Ltd (BOM:513097) reported a 12.3% increase in consolidated revenue to INR570.9 crores for FY26.
- EBITDA grew by 26% to INR130.7 crores, with an expansion in EBITDA margin by 250 basis points.
- The company is focusing on high-value components and assemblies, reducing dependence on lower value-added strip lead supply.
- Strong growth in the electric contacts division, with a 60% revenue increase, driven by business growth and higher silver prices.
- The Pune facility is strategically important for expanding capabilities in PCBA and bus bar assemblies, enhancing customer relevance and long-term revenue visibility.
- The Americas market was soft during FY26, although early signs of normalization are being observed.
- There is a risk associated with the smart meter business, as its growth is dependent on government policies and implementation.
- The company faces challenges in the domestic thermostatic bimetal market due to flat real estate growth affecting switchgear demand.
- Working capital efficiency remains a focus area, with receivables increasing due to higher exports and longer realization periods.
- The company is exposed to fluctuations in silver prices, which can impact revenue and margins in the electric contacts division.
It will be starting in about ten seconds. Just a heads up. Ladies and gentlemen, good afternoon. Welcome to Shivalik Bimetal Controls Limited's Q4 and FY26 Earnings Webinar produced by Elevate. So I'm Shankhini Saha, Director of Investor Relations from Dickenson, and I'll be moderating our call today.
Great. So joining us from the Shivalik management team are Mr. Sumer Ghumman, Executive 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 chat or from the company website or the NSE.
I'll now hand the conference over to Sumer for opening remarks. Over to you, Sumer.
Thank you, Shankhini. Good afternoon, everyone, and thank
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