{"id":38469,"date":"2024-04-22T12:49:55","date_gmt":"2024-04-22T07:19:55","guid":{"rendered":"https:\/\/newsdaddy.co.in\/index.php\/2024\/04\/22\/ipo-bound-shivalic-power-control-limited-is-emerging-as-a-prominent-player-in-electrical-control-panel-manufacturing\/"},"modified":"2024-04-22T12:49:55","modified_gmt":"2024-04-22T07:19:55","slug":"ipo-bound-shivalic-power-control-limited-is-emerging-as-a-prominent-player-in-electrical-control-panel-manufacturing","status":"publish","type":"post","link":"https:\/\/newsdaddy.co.in\/index.php\/2024\/04\/22\/ipo-bound-shivalic-power-control-limited-is-emerging-as-a-prominent-player-in-electrical-control-panel-manufacturing\/","title":{"rendered":"IPO Bound Shivalic Power Control Limited Is Emerging As A Prominent Player In Electrical Control Panel Manufacturing"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], April 22:<\/strong> Shivalic Power Control Limited,\u00a0is\u00a0an ISO-certified LT and HT electric\u00a0control\u00a0panel manufacturer with a rich operating history of 20 years, offers a diversified range of electric\u00a0control\u00a0panels, including PCC, IMCC, Smart, MCC, DG Synchronization, Outdoor, and HT Panels up to 33KV.\u00a0They serve various industries both in India and abroad. Recently, they have expanded into the data\u00a0centre\u00a0sector, securing significant contract like the RBI Data Centre complex in Bhubaneswar worth\u00a0approx.\u00a0\u20b928 Cr. Trusted by industry leaders, Shivalic remains dedicated to delivering reliable and efficient\u00a0electrical\u00a0control panels.<\/p>\n

Key OEM Partnerships<\/strong><\/p>\n

Shivalic\u00a0has forged key OEM partnerships and technical tie-ups with industry giants like Siemens,\u00a0L&T,\u00a0Schneider\u00a0&TDK\u00a0EPCOS. As authorized manufacturers and sellers of IEC 61439\u00a0Panels, with specialized procurement arrangements for switchgear.\u00a0They hold a unique distinction as the\u00a0company with tie-ups with all\u00a0four\u00a0industry leaders.\u00a0These\u00a0partnerships also amplify their bargaining power for bulk purchasing of switchgears, significantly impacting their cost structure.<\/p>\n

Served more than 500 Clients\u00a0& 20+ Industries<\/strong><\/p>\n

Over the past two decades, Shivalic has served over 500+clients in more than\u00a015\u00a0sectors, including\u00a0Data\u00a0Centre, Steel,\u00a0Sugar, Papers,\u00a0Cement, FMCG, and Automobile.\u00a0Their clientele includes esteemed names such as Hewlett Packard, DCM Shriram, Rungta Mines, and Reliance Cement, among others.\u00a0<\/p>\n

Certified Self Built Competence & World Class Machining Capabilities<\/strong><\/p>\n

Shivalic\u2019s cutting-edge plant in Faridabad excels in machining, fabrication, and assembly, with optimized processes meeting\u00a0industry\u00a0standards. Equipped with advanced machinery, they ensure precise metal processing. Their fully automated Pre-Treatment & Powder Coating facility adheres to\u00a0industry\u00a0quality norms. Their facility in Faridabad boasts a production capacity of 10,000 Verticals per annum. Managed by a team of 180 personnel led by experienced professionals, Shivalic\u2019s commitment to excellence ensures rigorous quality control and safety,\u00a0solidifying their position as a key player in the market.<\/p>\n

Future Growth Drivers<\/strong><\/p>\n

Shivalic\u2019s growth is fueled by various factors, including a substantial order book, increased demand for panels, and expansion into the flourishing data\u00a0centre\u00a0sector. The company\u2019s focus on value-added products, leveraging economies of scale, and enhancing product quality contributes to its success. Their concentration on export markets, particularly in Africa, has significantly fueled its expansion efforts. With a robust order book of\u00a0\u20b958 Cr coupled with recent successes in cross-border business such as its highest export order of\u00a0\u20b97 Cr from the Mongolia Refinery, Shivalic is poised for continued expansion.\u00a0<\/p>\n

Rapid Growth Rate<\/strong><\/p>\n

In\u00a0FY21, the company reported a revenue of\u00a0\u20b952.22 Cr, EBITDA of\u00a0\u20b95.01 Cr, and PAT of\u00a0\u20b90.67 Cr. This was followed by a revenue increase to\u00a0\u20b957.33 Cr in FY22, with EBITDA remaining relatively stable at\u00a0\u20b95.04 Cr and PAT showing an\u00a0improvement to\u00a0\u20b91.74 Cr. FY23 witnessed significant growth, with revenue soaring to\u00a0\u20b982.15 Cr, EBITDA reaching\u00a0\u20b912.72 Cr, and PAT rising to\u00a0\u20b97.16 Cr. As of 9MFY24, the company recorded a revenue of\u00a0\u20b963.55 Cr, EBITDA of\u00a0\u20b913.09 Cr, and PAT of\u00a0\u20b97.60 Cr, highlighting a sustained growth trajectory and improving profitability over the years.<\/p>\n

Shivalic\u2019s remarkable growth trajectory is underscored by its robust financial performance and strategic shifts.\u00a0Their revenue has\u00a0increased\u00a0by approximately\u00a055-60%\u00a0from FY21 to FY23. A significant driver of this growth is their transition from procuring raw materials from dealers to establishing tie-ups with OEMs, enabling direct sourcing from OEMs. This strategic move has resulted in increased sales volume and higher margin orders, further\u00a0improving\u00a0their financial performance.\u00a0The company\u00a0is enjoying economies of scale due to the influx of high order volumes, solidifying their position as a key player in the market.<\/p>\n

IPO Objectives<\/strong><\/p>\n

The IPO comprises entirely of a fresh issue, offering up to 64,32,000 Equity Shares. The net proceeds will be utilized mainly for working capital needs and a part of it will be used for assembly line setup and facilitating potential inorganic growth through unidentified acquisitions for the Company. This strategic allocation underscores Shivalic\u2019s commitment to sustainable expansion and operational efficiency, ensuring a path to future success and value creation.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], April 22: Shivalic Power Control Limited,\u00a0is\u00a0an ISO-certified LT and HT electric\u00a0control\u00a0panel manufacturer with a rich operating history of 20 years, offers a diversified range of electric\u00a0control\u00a0panels, including … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":38470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[229,231],"class_list":["post-38469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release","entry"],"_links":{"self":[{"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/posts\/38469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=38469"}],"version-history":[{"count":0,"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/posts\/38469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/media\/38470"}],"wp:attachment":[{"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=38469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=38469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsdaddy.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=38469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}