FY27 base business growth: 13-19%
Non-assembly baseline shunt business expected to grow 13-19% driven by Vishal recovery, Denso Japan orders, and 3-4 other Japanese customers already in commercial supply or starting next quarter.
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Shivalik Bimetal Controls · forward-looking guidance across the available source record.
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What management said would happen.
growth
FY27 forward integration revenue: Rs 70-75 crore
Pune facility assembly business (bus bars, connectors, PCB) targeting Rs 70-75 crore in first year (FY27), scaling to Rs 150-200 crore in FY28 and Rs 250-300 crore in FY29.
EBITDA margin sustainability: 23-25%
Despite lower-margin assembly business dilution, management targets company-wide EBITDA in 23-25% range as operating leverage improves and higher-margin component mix continues.
Working capital days correction by March 2026
Working capital at 250-260 days; management committed to returning to previous year's levels by Q4 FY26 end through domestic supplier development and tripartite collection agreements.