Shivam Autotech Limited — Results, 12-05-2025: Integrated Filing- Financial

Shivam Autotech has announced a board meeting on May 12, 2025, approving the financial results for the quarter and half-year.

1) Revenue Performance:

Consolidated revenue stood at Rs. 453.98 Cr for the year, down 3.3% YoY from Rs. 469.66 Cr. The company primarily operates in automobile parts, with no specific segmental growth drivers mentioned.

2) Profitability and EPS:

The net loss narrowed slightly to Rs. 48.04 Cr from Rs. 50.19 Cr last year. Basic EPS improved but remained negative at Rs. (3.89) versus Rs. (4.11). EBITDA margins stayed under pressure due to high finance costs and operational expenses.

3) Operational Costs:

Total expenses reduced to Rs. 502 Cr from Rs. 520 Cr. Material consumption fell notably from Rs. 184.09 Cr to Rs. 169.16 Cr, partially offsetting increased finance costs (Rs. 59.41 Cr). Employee and other expenses were stable, indicating moderate operational efficiencies.

4) Key Metrics:

Depreciation declined slightly to Rs. 33.18 Cr. Trade receivables improved significantly from Rs. 85.27 Cr to Rs. 67.11 Cr, aiding working capital management.

5) Balance Sheet / Cash Flow Health:

Long-term borrowings decreased markedly to Rs. 118.72 Cr from Rs. 178.79 Cr, while short-term debt rose modestly. Cash balances remained very low at Rs. 0.22 Cr. Operating cash flow improved sharply to Rs. 77.39 Cr from Rs. 32.93 Cr, supported by better working capital. Capex was Rs. 7.21 Cr. Interest expenses remain a drag.

6) Management Outlook:

No explicit strategic guidance was given, but ongoing governance actions suggest steady management focus. Deferred tax asset management continues cautiously.

Final Takeaway:

Shivam Autotech shows early signs of stabilizing losses with marginal revenue dip and improved cost control. Despite better cash flow, finance costs and working capital pressure persist. Retail investors should watch for sustained debt reduction and any improvement in volume/pricing to turn profitability positive. The outlook is cautiously optimistic but challenges remain.