CAPITAL GOODS · NSE/BSE: SBCL

Shivalik Bimetal Controls Limited Earnings Summary — Q4 FY2026

Sentiment: Positive
AI-generated summary
Generated 2026-06-23

Shivalik Bimetal Achieves Record Quarterly Sales and Profitability Growth in Q4 FY2026

Net Profit
₹26.0 Cr
YoY 23.81%
QoQ 18.18%
Prior: ₹22.0 Cr
Revenue
₹163 Cr
YoY 23.48%
QoQ 21.64%
Prior: ₹134 Cr
Operating Margin
22%
YoY 0%
QoQ -8.33%
Prior: 24%
Dividend Yield
24%
YoY 20%
Prior: 20%
Net Debt / Equity
0.13
YoY 0.10
Prior: 0.10

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.

Growth-oriented
Operationally Efficient
Capital Intensive

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.

Earnings Call Transcript — Q4 FY2026

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SBCL/BSE & NSE/2026-27/19

\| To,
BSE Limited
Corporate Relationship Deptt.
PJ Towers, 25th Floor, Dalal Street,
Mumbai-400 001
Code No.513097 \| To,
National Stock Exchange of India Ltd.
Exchange Plaza, Plot No.C/1,G-Block Bandra
Kurla Complex,Bandra(East),Mumbai-400 051

Code No.SBCL \|
\| \-\-\- \| \-\-\- \|

Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 -Transcription of Earnings Conference Call with
th
Investors/Analysts held on 20 May, 2026

Dear Sir,

Please find attached herewith transcription of Earnings Conference call with Investors/Analysts held
on May 20, 2026. Kindly take the same on record and acknowledge.

Kindly let us know if any other information is required in this regard.

Thanking you,
For Shivalik Bimetal Controls Limited

For Shivalik Bimetal Controls Limited

Aarti

Digitally signed

Sahni

12:01:29 +05'30'

Date: 2026.05.26

Aarti Sahni
Company Secretary

Company Secretary
M. No: A25690

* * *

# Shivalik Bimetal Controls Limited Q4 & FY2026 Earnings Webinar Transcript

Wednesday, May 20th, 2026: 3:00 PM IST

## Speakers from the Management: 1. Mr. Sumer Ghumman- Whole-time Director

## 2\. Mr. Rajeev Ranjan- CFO

**Moderator:**

Ladies and Gentlemen- Good Afternoon, welcome to Shivalik Bimetal Controls Limited’s Q4 & FY2026 Earnings Webinar produced by ElevEase. I am Shankhini Saha- Director of Investor Relations from Dickenson, and I will be moderating our call today.

So, joining us today from the Shivalik management team are:

1. Mr. Sumer Ghumman- Whole-time Director
2. 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’ll now hand the conference over to Sumer for opening remarks. Over to you, Sumer.

### Opening Remarks:

### Management, Mr. Sumer Ghumman (Opening Remarks):

Thank you Shankhini. Good afternoon everyone, and thank you for joining us today. FY26 has been an important year in Shivalik’s evolution. The performance for the year is encouraging, as it reflects the direction in which we have been deliberately shaping the business over the last few years. Our objective has been clear: to build Shivalik into a more relevant, more value-added and more resilient precision engineering platform. We are moving deeper into components and assemblies, strengthening our engagement with OEM and Tier-1 customers, and increasing our participation in applications where reliability, accuracy and technical consistency are critical.

- 1 - Produced & transcribed by

* * *

During FY26, this strategy translated into stronger earnings quality. Consolidated revenue grew 12.3% to **₹570.9 crore, while EBITDA grew 26.0% to ₹130.7 crore.As a result, PAT grew 24.8% to ₹95.8 crore.** EBITDA margin expanded by around 250 basis points to 22.9%, which demonstrates that growth was supported by better realisations, improved product mix, operating leverage and continued cost discipline. We are focused on building a higher-quality business as we scale. On a standalone basis, revenue grew despite broadly stable product volumes, indicating better average realisation and increasing contribution from higher-value components. This is consistent with our long-term direction of reducing dependence on lower value-added strip-led supply and increasing our presence in engineered components and assemblies. Our core businesses continue to provide a strong foundation. India remained an important driver for Shunts, led by demand across automotive, smart metering, current sensing, battery management and energy management applications. In Thermostatic Bimetals, Europe delivered strong traction, supported by deeper

Source: NSE — Latest Concall Transcript

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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.

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