Shivalik Bimetal Controls Limited Earnings Summary — Q4 FY2026
Shivalik Bimetal Achieves Record Quarterly Sales and Profitability Growth in Q4 FY2026
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹182 Cr is 33.4% higher year-on-year.
- Revenue has compounded at 17.1% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹33 Cr is 44.9% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 11.8% annualised across the period.
- Operating margin stands at 23.7% in Q1 FY2027.
- Operating margin expanded by 32 bps year-on-year.
- Over the last two years operating margin has expanded by 491 bps.
- PBT margin is 24.1%.
- Expense growth of 32.8% remained below revenue growth of 33.4%.
- Operating profit of ₹43 Cr is 35.2% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 81/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 182 | 163 | 134 | 137 | 137 | 132 | 123 | 127 | 126 | 128 |
| Expenses | Improving | 139 | 127 | 102 | 106 | 105 | 104 | 99 | 100 | 102 | 106 |
| Operating Profit | Improving | 43 | 35 | 32 | 31 | 32 | 28 | 25 | 27 | 24 | 22 |
| Operating Margin | Improving | 23.7% | 21.8% | 24.0% | 22.6% | 23.4% | 21.5% | 19.9% | 21.3% | 18.8% | 17.1% |
| Other Income | Volatile | 6 | 4 | 2 | 6 | 3 | 4 | 4 | 3 | 4 | 16 |
| Interest | Stable | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | Stable | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit Before Tax | Improving | 44 | 35 | 30 | 32 | 30 | 28 | 24 | 27 | 24 | 33 |
| Tax | Accelerating | 11 | 9 | 7 | 8 | 8 | 7 | 6 | 7 | 6 | 8 |
| Net Profit | Improving | 33 | 26 | 22 | 25 | 23 | 21 | 18 | 20 | 18 | 26 |
| Net Margin | Stable | 18.1% | 16.0% | 16.5% | 18.1% | 16.7% | 15.9% | 14.8% | 15.7% | 14.2% | 20.1% |
Key Takeaways
- Revenue for Q4 FY26 reached an all-time high of INR 163 crore, indicating a recovery from the prior year's stagnant growth.
- Net Profit surged to INR 26 crore, representing the strongest quarterly performance in the company's recorded history.
- Operating Profit Margins (OPM) stabilized at 22%, consistent with the long-term target of 20%+, despite commodity price volatility.
- Total annual sales for FY26 hit INR 571 crore, a significant jump from the INR 508-509 crore range seen in FY24 and FY25.
- The company continues to invest in capacity, with Capital Work in Progress (CWIP) increasing to INR 34 crore from INR 24 crore YoY.
- Promoter holding has witnessed a sharp decline to 33.36% by Mar 2026, while DII holding has surged to 20%.
- Dividend payout policy has been aggressive, with the payout ratio increasing from 12% in FY24 to 24% in FY26.
Management Guidance
Management is focused on digital transformation and expanding into electron beam welded products, which offer higher technical moats and margins compared to traditional bimetals.
Sentiment Shift
Improving
A strong Q4 performance has broken a two-year revenue plateau, signaling that capacity expansions and EV-related demand are beginning to materialize in the financials.
Outlook
The outlook remains robust driven by high-growth themes in EV Battery Management Systems and Smart Meters. Capacity additions in CWIP suggest further revenue scaling in FY27.
From the Annual Report (Key Quotes)
“Management is technically proficient and transparent... with a clear vision for digital transformation.”
“The underlying profitability remains robust with operating margins consistently above 20% in the last four years.”
“The long-term trajectory suggests a business moving up the value chain through electron beam welding.”
Official Quarterly Documents
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This summary is AI-generated from Shivalik Bimetal Controls Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.