Shivalik Bimetal Controls Limited — Investor Meet, 12-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SBCL reported 9% YoY revenue growth and over 24% EBITDA margins for Q3 & 9M FY26, despite US tariff-related challenges. Management anticipates a rebound in US exports, driven by a shift from raw material strips to higher-value components. A new ₹20 Cr facility in Pune for automotive bus bars and connectors, leveraging EB welding expertise, is set for Q1 FY27. This forward integration aims for ₹70-75 Cr revenue in FY27, scaling to ₹250-300 Cr in three years, targeting EV two-wheelers. Core shunt business growth is projected at 13-19%, with bimetal at 8-10%. Working capital saw a temporary increase, with corrective actions underway. The company's focus is on quality earnings and sustainable growth through strategic value chain expansion.