About Shivalik Bimetal Controls Limited

Shivalik Bimetal Controls Limited (SBCL), incorporated in 1984 and in commercial production since October 1986, is a precision process and product engineering company specialising in material joining technologies and electro‑technical components headquartered in India, with plants at Chambaghat and Kather in Solan, Himachal Pradesh, and a corporate office in New Delhi. The Company manufactures thermostatic bimetal/trimetal strips and parts, cold‑bonded bimetal strips and parts, electron beam (EB) welded shunt materials and parts, shunt resistors, and electrical/silver contacts for applications across electrical, electronics, automotive, smart metering, industrial, defence, medical and allied sectors, exporting to 38+ countries and serving 275+ customers globally. Operations span three manufacturing facilities in Solan with a workforce ~835–1,000+, and an international subsidiary in Italy set up in October 2024 to strengthen European proximity and tariff resilience. The Company operates at zero long‑term net debt with strong cash generation, and reported FY2024–25 consolidated revenue of Rs 508.35 crore with resilient EBITDA performance, reflecting a diversified portfolio and sustained export mix of 56.22% of revenue.

Shivalik Bimetal Controls Limited Business Segment

• Product portfolio: Shunt Resistors; Thermostatic Bimetals/Trimetals; Electrical Contacts; EB‑welded multi‑gauge products; Cold‑bonded bimetal strips and parts.

• Key applications: EV battery management, smart meters, power modules, switchgear, circuit breakers, industrial automation, medical devices, and wire accessories, where components are mission‑critical for current sensing and thermal protection.

• Segment revenue mix (Consolidated FY2025): Thermostatic Bimetals Rs 224.83 crore (44%); Shunt Resistors Rs 212.38 crore (42%); Electrical Contacts Rs 71.33 crore (14%).

• Product turnover split (Standalone BRSR FY2025): Thermostatic bimetal/trimetal strips/parts 51.41%; EB‑welded shunt strips/parts 48.58%.

• Geographic sales highlights: FY2025 shunt sales grew 31.31% in India, with Europe and Rest of Asia up 20.74% and 22.69% respectively, offsetting a softer Americas; export share constituted 56.22% of revenue.

• India — Rs 191.40 crore (43.8%)

• International — Rs 245.81 crore (56.2%)
  Notes: Geographic split derived from FY2025 export share cited in the report and consolidated revenue of Rs 508.35 crore (Rs 508.35 × 56.22% = Rs 285.82 crore); however, the financial summary also cites export share 56.22% alongside a standalone revenue base; where multiple bases appear, export percentage is used as disclosed, with revenue base disclosed for consolidated; values shown approximate based on that ratio.

Shivalik Bimetal Controls Limited Key Management

• N. S. Ghumman — Chairman & Whole Time Director.

• Kabir Ghumman — Managing Director.

• Sumer Ghumman — Whole Time Director.

• G. S. Gill — Non‑Executive Director.

• Rajeev Ranjan — Chief Financial Officer.

• Aarti Sahni — Company Secretary.

Latest Updates on Shivalik Bimetal Controls Limited

• Established wholly owned European subsidiary, Shivalik Bimetals Europe SRL (Italy) on October 10, 2024, to enhance customer proximity and tariff resilience across 38 countries.

• Commissioned pilot PCBA assembly line for Smart DC Current Sensors in FY2025; commercialisation targeted in FY2026, with an annualised opportunity of Rs 150.00 crore by FY2027 and projected margin profile of 40–50% for value‑added sub‑assemblies.

• Advanced backward integration for bimetal inputs to strengthen supply control, compress working‑capital cycles, and protect margins; maintained zero‑debt structure with ~Rs 77 crore net cash at year‑end for self‑funded growth.

• Strategic focus on India’s smart meter rollout with anticipated ~50% growth in the segment in FY2026; shunt sales in India rose 31.31% in FY2025 driven by smart metering and EV demand.

• Leadership transition executed in September 2024 with renewed emphasis on professionally managed framework, Centre of Excellence and R&D facility planning, and selective capacity scaling aligned to electrification demand.