This small-cap company from the iron and steel products industry delivered over 600% returns in just two years!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 573 Views
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An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 7.3 lakh today.

Shivalik Bimetal Controls Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 57.06 on 23 March 2021 to Rs 417.40 on 21 March 2023, an increase of 631% in the two-year holding period. 

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 7.3 lakh today.  

Recent performance highlights 

In the recent quarter, on a consolidated basis, the company’s net revenue increased by 34.34% YoY to Rs 118.4 crore. Similarly, the bottom line increased by 24.62% YoY to Rs 18.21 crore. 

The company is currently trading at a TTM PE of 35.67x, as against the industry PE of 8.20x. In FY22, the company delivered an ROE & ROCE of 31% and 34%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 2,734.18 crore. 

Share price movement 

Today, the scrip opened at Rs 423 and has touched a high and low of Rs 481.15 and Rs 423, respectively. So far 94,474 shares have been traded on the bourses. 

At 2.08 pm, the shares of Shivalik Bimetal Controls Ltd were trading at Rs 476.45, an increase of 14.15% from the previous day’s closing price of Rs 417.40 on BSE. The stock has a 52-week high & low of Rs 506.55 and Rs 219.81 respectively on BSE. 

Company Profile 

Shivalik Bimetal Controls Ltd is engaged in the business of Thermostatic Bimetal, CRT Component Shunts, Solder Reflow Material, Precision Stainless Steel, and Snap Action Disc. Shivalik is a company specialising in the joining of materials through various methods such as diffusion bonding/cladding, electron beam welding, solder reflow and resistance welding. 

Their present program includes thermostatic bimetal, clad metal, spring rolled stainless steels, electron beam welded material with multi-gauge and multi-material strips and thermostatic edge-welded strip for a broad spectrum of industries. 

The company has established itself as the largest manufacturer of thermostatic bimetal strips in India. The company's market share in the production of thermostatic bimetal strips is above 65%. The company also manufactures components which use thermostatic bimetal strips. 

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