Shivalik Bimetal Controls

What Shivalik Bimetal Controls does

Shivalik Bimetal Controls Limited is an Indian public company (BSE/NSE listed) that manufactures precision metal components through advanced material-joining technologies including diffusion bonding and cladding, electron beam welding, solder reflow, and resistance welding. The company's product portfolio centers on thermostatic bimetal parts and strips, SMDs and shunt resistors, reflow solder and presoldered strips, precision stainless steel components, snap action discs, bimetallic helical coils and springs, and electron beam welded shunts and resistors. Manufacturing is anchored at the corporate headquarters and main facility in Himachal Pradesh, with a Phase-I manufacturing site in Pune (Maharashtra) and a wholly owned subsidiary, Shivalik Engineered Products Private Limited, operating a facility in Waknaghat, Himachal Pradesh; the company holds ISO 9001:2015, IATF 16949:2016, ISO 14001, and ISO 45001 certifications and operates a government-recognized in-house R&D centre.

The company serves six vertical segments — automotive (BMS, IBS, EV components, busbars and connectors), electronics and smart infrastructure (energy meters, power modules, inverters, UPS), industrial equipment, domestic appliances, medical devices, and agriculture — supplying global OEMs across more than 30 countries including India, Brazil, China, Taiwan, Thailand, Japan, Korea, the United States, Italy, the Czech Republic, Germany, the United Kingdom, and others. The go-to-market is a direct B2B enterprise sales model centered on long-standing single-vendor relationships with OEMs since 1986, supplemented by channel partnerships such as the Rotima distribution arrangement for electron beam welded shunt products.

The business model is hardware sales of precision components to enterprise OEM customers, with a stated strategic pivot from individual component supply to integrated assemblies and solutions, particularly in automotive busbars and connectors where management targets Rs 150 crore of incremental annual revenue from the Pune facility by FY27. FY26 revenue reached Rs 570.86 crore (12.30% YoY growth) with PAT of Rs 95.84 crore (24.76% YoY growth), operating margins sustained at 22–24%, ROCE of 25.6%, and a zero-debt capital structure; the stock is rated A/Stable/A1 by Crisil and trades at approximately 37x earnings, reflecting premium investor sentiment.

Name

Shivalik Bimetal Controls

Legal name

Shivalik Bimetal Controls Limited

Website

https://shivalikbimetals.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

101–250 employees

Short description

Shivalik Bimetal Controls Limited is an Indian public manufacturer of precision metal components — thermostatic bimetal strips, shunt resistors, and electron-beam-welded parts — serving global automotive, electronics, industrial, medical, and consumer appliance OEMs across 30-plus countries.

Ownership category

akta.pro rank

Product category

Precision Metal Components

NAICS

Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing (334416), Other Electronic Component Manufacturing (334419), All Other Fabricated Metal Product Manufacturing (33299)

SIC

Electronic Components, Nec (3679), Sheet Metal Work (3444)

akta.pro primary industry

Welding, Joining & Soldering Equipment (Arc, Resistance, Friction, Brazing) (IMAHADAH)

Keywords

• Thermostatic bimetal components
• Electron beam welding
• Shunt resistors manufacturing
• Precision metal stamping
• Clad metal materials

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Precision Metal Components Manufacturing: Manufacturing and supply of precision metal components including thermostatic bimetal, clad metal, shunt resistors, spring rolled stainless steels, electron beam welded materials, and precision stamped parts for various industries
2. Integrated Solutions: Transitioning from individual component supply to integrated assemblies and solutions for automotive busbars and connectors, targeting expanded revenue opportunities

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Shivalik Bimetal Controls manufactures precision metal components for industrial OEM customers using techniques including Diffusion Bonding/Cladding, Electron Beam Welding, Solder Reflow and Resistance Welding. Its portfolio spans thermostatic bimetal strips, SMDs/shunt resistors, reflow soldered strips, precision stainless steel parts, snap action discs, bimetallic coils and springs, and electron beam welded shunts used in EV battery management systems and electronic energy meters. The company sells these components B2B to global OEMs in automotive, electronics, domestic appliance, industrial, medical and agriculture sectors.

Product overview

Shivalik Bimetal Controls Limited is a precision metal components manufacturer specializing in material joining through Diffusion Bonding/Cladding, Electron Beam Welding, Solder Reflow, and Resistance Welding. The company's product portfolio centers on Thermostatic Bimetal Parts/Strips, which provide temperature-sensing capabilities, and SMDs/Shunt Resistors for electrical applications. Supporting offerings include Reflow Solder/Presoldered Strips, Precision Stainless Steel components, Snap Action Discs, and Thermostatic Bimetal Coils & Springs. The company also produces Electron Beam Welded Shunts & Resistors for Battery Management Systems (BMS) and electronic energy meters. These precision components serve five key industry segments: Electronics, Automotive, Domestic Appliances, Industrial, and Medical applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Thermostatic Bimetal Parts/Strips Temperature-sensing components consisting of two or more layers of different alloys firmly bonded together with different coefficients of thermal expansion, used in thermal control applications across industries.
• SMDs / Shunt Resistors Precision shunt resistors characterized by low temperature coefficient, high stability of electrical resistance, low watt loss, and good heat dissipation, with copper welded to each side to facilitate mounting without thermo EMF and galvanic action issues.
• Reflow Solder/Presoldered Strips Pre-soldered metal strips designed to reduce labour and assembly costs, with variable solder stripe thickness and location per customer requirements; base metals can include steels, coppers and brasses.
• Precision Stainless Steel Parts Precision stamped stainless steel components manufactured in-house using 10T, 20T, 40T and 50T stamping processes for customized precision parts and components.
• Snap Action Disc Snap acting thermostat metal disc used as a cost-effective temperature control solution, offered in strips and customized components with optional electroplating.
• Thermostatic Bimetal Coils & Spring Bimetallic helical coils and springs manufactured for temperature-sensing applications across various industrial uses.
• Electron Beam Welded Shunt & Resistors Resistors manufactured using Electron Beam Welding Technology featuring low TCR (Temperature Coefficient of Resistance), long-term stability, high power rating, and low watt loss, used in automotive Battery Management Systems (BMS) and Electronic Energy Meters.

Quantifiable outcome

• 22-24% operating margins
• +4 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• RotimaminorChannel Partner/ Reseller/ DistributorOfficial distributor for electron beam welded shunt and resistor products

Scale indicators15 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Sandvik AB: Swedish global materials technology incumbent with Kanthal heating/resistance alloy products. Overlaps with Shivalik on specialty alloys and resistance materials used in temperature sensing, though serves a much broader industrial portfolio.
• Mersen: French-listed global incumbent in electrical specialties and advanced materials, including resistive components and current-sensing solutions. Overlaps with Shivalik in shunt resistors and precision metal components, but serves a broader portfolio of markets including energy and process industries.
• AMETEK Inc. US-listed diversified electronic instruments and electromechanical components manufacturer. Adjacent overlap with Shivalik's precision metal/electronic components serving measurement, process control, and industrial customers, though at much greater scale and breadth.

Direct peers

• Toyo Aluminium K.K. Japanese manufacturer of aluminum products and clad metal strips, including thermostatic bimetals. A direct Asia-based peer in bimetal/clad metal technology serving electronics and automotive markets similar to Shivalik.
• Wickeder Westfalenstahl: German specialty steel and thermostatic bimetal producer with multi-decade heritage; the closest direct global peer to Shivalik's thermostatic bimetal and clad metal product lines, serving identical automotive, appliance, and industrial temperature-control customers.
• Isabellenhütte Heusler GmbH: German manufacturer of precision alloy-based shunt resistors and measurement systems. Directly comparable to Shivalik's electron-beam-welded shunt and SMD resistor products for BMS, energy meters, and automotive current sensing.
• Vishay Precision Group: US-listed precision resistor and sensor company with deep automotive and industrial exposure. Closely comparable to Shivalik's shunt resistor portfolio, with similar precision alloy and current-sensing applications across OEMs.
• KOA Corporation: Japanese manufacturer of passive electronic components including chip resistors, current sensors, and specialty metal components. Comparable to Shivalik's SMD/shunt resistor products, particularly for automotive and industrial applications.

Emerging players

• Riedon Company: US-based niche manufacturer of precision resistors, shunts, and current sensing products. A smaller-scale emerging player addressing similar BMS, industrial, and instrumentation end-markets as Shivalik's shunt resistor portfolio.
• Hailiang Group: Chinese copper processing and specialty alloy manufacturer expanding into EV components and electronic materials. Represents the lower-cost Asian competitor that Shivalik must contend with as China's copper-alloy and busbar supply chain scales for EV applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shivalik-bimetal-controls-ltd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shivalik Bimetal Controls