Shivalik Bimetal Controls Ltd (SBCL)

Q3 results out -

  • Qtrly EPS at 2.4 with YoY topline growth of 30%( 44 cr to 59cr) and profit over 125%(4.1cr to 9.1cr), QoQ numbers impressive too

  • 9mo EPS at 4.2 - profit at 16cr+

  • 9Mo finance cost have halved, (2.3 cr to 1.1 cr)

  • Dividend declared as well

  • Annualized can do eps in vicinity of 6.5 -7… PAT around 24-26 Cr - current market cap is 280Cr

  • ATH for stock was in Apr 2019 with price of 140 with annual profit at 23 Cr in year ending Mar 19( highest yearly profit till date) - likely to end this year there about or slightly better profitability and much leaner balance sheet, better operating margins, low interest cost scenario

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