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LORD JESUS CHRIST SAYS

For what shall it profit a man, if he gain the whole world, and suffer the loss of his soul? Jesus Christ

16 Nov 2018

STOCK MARKET--A GOOD MULTIBAGGER STOCK TO PICK UP NOW./TRY IT ( PRICE RS.90/-)


I have recommended this share in my earlier post with complete details. This post is updation information.Please consider for long term investment for minimum 3 years.

Good Numbers from Shivalik:Bimetal Controls Ltd.

Shivalik Bimetal Q2 Result updates (9/2018)

-Topline has increased from 38Cr to 50.53Cr yoy. A 31% Jump
-PAT has improved from 3.46Cr to 5.56Cr. A Jump of 60%. PAT Margins has also improved from 9.1% to 11%
-EPS has improved to 1.47 from .9 which is 63% up.
Half yearly basis:
-Topline has improved from 76.93Cr to 101.21Cr, its a 31.5% improvement.
-PAT jumped 56% from 72.7Cr to 113.6Cr. Margin increase from 9.4% to 11.2%
Overall a very goos set of numbers.
I expect company to post such number for another few years at least.


 Please see the Annual report 2018 note (SHIVALIK BIMETAL CONTROLS LTD

·       
  Growth in revenue of 29% from 125 Cr to 162 Cr. Growth in NP from 8.6 Cr to 13.95 Cr
·         Co was certified under TS16949 in Jan 2016 and now has upgraded itself
·         AEC (Automotive Electronics Council) compliant test facility was commissioned in previous year. This has allowed for development and successful testing of samples for automotive application, many of which are in final stages of testing and approval
·         Commercial Orders have already been received from leading automotive customers
·         Existing stamping facility is now in up gradation phase wherein new high speed presses are being installed. This will provide significant increase in accuracy, safety and capacity
·         Co has procured 2324 sq mt of land adjacent to existing facility. Construction work will start mid October 2018 and complete by July 2019. This will add approx 25,000 sq ft of additional area offering 3 floors.
·         UNIT 4 - as reported earlier relating to setting up of manufacturing facilities for capacity expansion, having obtained the possession of land, the layout is under finalization and construction is expected in March 2019 to be completed by Oct 2020.
·         R&D Expense this year is 1.45 Cr. 0.90% of turnover.
MDA:
·         Shivalik’s products are catered to broad spectrum of applications which include Switchgear, Energy Meters, Industrial & Electrical Applications, Automotive & Electronic Devices. We export to 50 Countries.
·         We are one of the leading manufacturers of Thermostatic Bimetal / Trimetal strips, components, EB welded products, Cold Bonded Bimetal Strips and Parts globally. We provide a complete solutions/package to the customer, not only of strips, but also of ready-to-use components.
·         Co continues to focus on improving yields, productivity and key strategic initiatives like automation and logistics automation.
Co is quite hopeful with opportunities in following:
Smart Meter - Co has developed products which are an integral part of meter
Automotive application - We have developed resistors which are used in high power low ohmic metals. Power resistors are used for automotive applications such as electric power steering, power window modules & IBS (Intelligent Battery System) of Electric Vehicles.
Snap Action disc: Company is venturing into niche application such as OLP (overloaded protectors) and thermostatic Bimetals of various industrial and home appliances. We are developing disc grade Bimetals for such applications.
My personal note - The co has shared the breakup of revenue and even given quantitative details. Its interesting to see that the shunt segment is growing at an exponential rate and has become a material part of business in just 3 years. Given that its being used in areas like Smart Energy meters and EV Batteries, its interesting to think of the potential




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