Shivalik Bimetal Controls Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Shivalik Bimetal Controls delivered strong H1FY26 with Profit After Tax up 26.3% and consolidated EBITDA margin rising 305 basis points YoY, despite marginal volume contraction. Gross margin improved by 296 bps due to focus on value-added products like components over strips. India shunt sales grew 25.23% in Q2, with Asia ex-India sales climbing 38.5%. Management expects FY26 topline to be high single-digit, impacted by US tariffs. FY27 outlook is optimistic for double-digit growth (13-18%) driven by new high-value developments, PCBA assemblies (₹50-70 crore in FY27), and domestic EV/smart meter demand. Backward integration of nickel alloys is progressing, aiming for 50% local sourcing and reduced working capital.