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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 398.42 | 335.67 | 190.11 | 187.37 |
| Total Income | 521.50 | 552.34 | 313.26 | 188.89 |
| Profit After Tax | 55.64 | 26.05 | 4.08 | 1.03 |
| NET Worth | 213.72 | 159.42 | 64.63 | 52.48 |
| Reserves and Surplus | 209.27 | 154.19 | 56.59 | 44.97 |
| Total Borrowing | 109.59 | 125.22 | 154.39 | 157.91 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Omnitech Engineering Ltd. | Mainboard | ₹583.00 Cr | ₹227 | 54.47 | ₹204.93 | -9.72% | ₹570.75 (+1.52%) |
| Epack Prefab Technologies Ltd. | Mainboard | ₹504.00 Cr | ₹204 | 29.49 | ₹190.66 | -6.54% | ₹249.31 (-3.19%) |
| Aditya Infotech Ltd. | Mainboard | ₹1,300.00 Cr | ₹675 | 21.09 | ₹1,082.65 | +60.39% | ₹3,800.00 (+1.91%) |
| Merritronix Ltd. | SME | ₹70.03 Cr | ₹149 | 11.83 | ₹297.25 | +99.50% | ₹383.05 (-1.97%) |
| Adisoft Technologies Ltd. | SME | ₹74.10 Cr | ₹172 | 12.82 | ₹215.25 | +25.15% | ₹186.55 (-3.74%) |
| Highness Microelectronics Ltd. | SME | ₹21.67 Cr | ₹120 | 16.7 | ₹129.75 | +8.12% | ₹189.90 (+0.21%) |
| Tipco Engineering India Ltd. | SME | ₹60.55 Cr | ₹89 | 8.73 | ₹84.79 | -4.73% | ₹195.05 (+4.98%) |
| Gabion Technologies India Ltd. | SME | ₹29.16 Cr | ₹81 | 12.18 | ₹93.41 | +15.32% | ₹86.90 (-1.63%) |
| Admach Systems Ltd. | SME | ₹42.60 Cr | ₹239 | 19.56 | ₹200.75 | -16.00% | ₹375.50 (+4.99%) |
| Apollo Techno Industries Ltd. | SME | ₹47.96 Cr | ₹130 | 9.43 | ₹151.95 | +16.88% | ₹81.00 (-0.25%) |
| HRS Aluglaze Ltd. | SME | ₹50.92 Cr | ₹96 | 26.07 | ₹132.30 | +37.81% | ₹245.00 (-1.35%) |
| Purple Wave Infocom Ltd. | SME | ₹31.45 Cr | ₹126 | 9.33 | ₹130.50 | +3.57% | ₹117.50 (+0.13%) |
| Shining Tools Ltd. | SME | ₹17.10 Cr | ₹114 | 16.18 | ₹98.80 | -13.33% | ₹74.61 (-4.98%) |
| True Colors Ltd. | SME | ₹127.96 Cr | ₹191 | 14.66 | ₹183.05 | -4.16% | ₹149.60 (-1.12%) |
| L.T.Elevator Ltd. | SME | ₹39.37 Cr | ₹78 | 12.31 | ₹142.90 | +83.21% | ₹252.30 (+4.99%) |
| Airfloa Rail Technology Ltd. | SME | ₹91.10 Cr | ₹140 | 9.57 | ₹279.30 | +99.50% | ₹348.00 (-2.04%) |
| Taurian MPS Ltd. | SME | ₹42.53 Cr | ₹171 | 11.29 | ₹220.50 | +28.95% | ₹357.25 (+2.14%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for setting up of the Solar Plant. | 179.24 |
| 2 | Expansion of existing manufacturing units, i.e., expansion of existing foundry capacity by setting up a new foundry line. | 50.00 |
| 3 | General corporate purposes. |
About Shivalik Engineering IPO
Incorporated in 2007, Shivalik Engineering Industries Limited is a precision engineering company in India focused on the manufacturing of casting components for use in industries such as automotive, agriculture, railways, and off-highway vehicles. The company offers metal components for commercial vehicles, tractors, rail infrastructure, and pipe fittings, with 297 SKUs as of December 31, 2023. Product Segments Commercial VehiclesBrake drums, wheel hubs, carriers, brackets, differential cases and covers, casings TractorsTrumpets, transmission housings, gear box housings, clutch housings, front axle support, crank cases, brackets Off-Highway VehiclesSteering axles, modular axles RailwaysFitted backing rings, axle end caps, base plate covers, adapters Water InfrastructurePipe fittings for water work applications Customers The company supplies components to several well-known domestic and international customers in the commercial vehicle, tractor, off-highway, railways, and pipe fitting segments. Indian clients include brands such as Daimler India Commercial Vehicles, Ashok Leyland, Mahindra and Mahindra, International Tractors, and more. Export clients include Accuride Corporation an
Contact Details
Shivalik Engineering Industries Ltd. AddressC-33, 3rd Floor, Ashoka Millenium, Ring Road No. 1Rajendra Nagar Chowk,Near Shailendra Nagar,Raipur, Chhattisgarh, 492001+91 8370002022cs@shivalikengineering.comVisit Website