About Shivalic
Shivalic is a publicly listed company based in Delhi (India) founded in 2004. Electrical panels and switchboards are manufactured and distributed by Shivalic. Its Indian entity Shivalic Power Control Limited reported revenue of ₹157 Cr. Its focus areas include Industrial Goods and Manufacturing, Industrial Automation Equipment, Horizontal and Distributors.
Company details
Shivalic was founded in 2004 and is based in Delhi, India. Operations center on the production and distribution of electrical panels and switchboards within the electrical equipment sector. Smart panel solutions are provided for various industrial and commercial applications. Quality standards and innovative designs are maintained throughout manufacturing processes to support reliable performance in diverse settings.
- Headquarters Delhi, India
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Website shivalic.com
- Social LinkedIn
- Legal Name Shivalic Power Control Limited
- Market Cap₹104 Cr
SPCL-SM · NSE
- Share Price₹43.10
+0.12% today
- Revenue₹155 Cr
FY 2025-26 · +17.4% YoY
- EBITDA₹18.82 Cr
Margin 12.1%
- Net Profit₹13.14 Cr
FY 2025-26 · +5.7% YoY
- P/E (TTM)8.3x
P/B 0.9x
- ROE11.2%
ROCE 13.1%
- Debt / Equity0.18
Interest cover 9.5x
Associated legal entities of Shivalic
Shivalic is associated with 2 registered companies on The Company Check; the primary company is Shivalic Power Control Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shivalic Power Control Limited Listed CIN L31200HR2004PLC035502 | Active | 08 Oct 2004 | Ballabgarh, Haryana | ₹157 Cr | 7 | View details | |
| Shivalic Power Control Limited CIN U31200HR2004PLC035502 | 08 Oct 2004 | Faridabad, Haryana, India | View details |
Board of directors of Shivalic Power Control Limited (Shivalic)
Shivalic Power Control Limited is the primary company behind Shivalic. The board of Shivalic Power Control Limited currently have 6 directors; the longest-serving is Amit Jindal, appointed in 2004. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Jindal DIN 00034633 | Managing Director | 08 Oct 2004 | 22 yrs | Shivalic Power Control Limited |
| Sapna Jindal DIN 03269137 | Whole-time director | 01 Oct 2010 | 16 yrs | Shivalic Power Control Limited |
| Dheeraj Mangla DIN 10449315 | Director | 04 Jan 2024 | 2 yrs 9 mo | Shivalic Power Control Limited |
| Surojit Bose DIN 01191048 | Director | 04 Jan 2024 | 2 yrs 9 mo | Shivalic Power Control Limited |
| Tarun Aggarwal DIN 09332048 | Director | 24 Apr 2024 | 2 yrs 6 mo | Shivalic Power Control Limited |
| Pravin Kumar Mishra DIN 11357419 | Additional Director | 31 Oct 2025 | 11 mo | Shivalic Power Control Limited |
IPO & Listings of Shivalic
Shivalic is a publicly listed company on the NSE with ticker symbol SPCL in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date01 Jul 2024
- Listed onNSE: SPCL
- Listed entityShivalic Power Control Limited
- Exchange sectorProducer manufacturing
- ISININE0T7B01010
- Share price₹67.95 (-3% on the day) · 2026-10-14
- Market capitalisation₹160 Cr
- Price to earnings13.9
- EPS (diluted, trailing year)₹4.88
- Volume (last session)23,400
Financials of Shivalic
Exchange-reported figures of Shivalic Power Control Limited, the listed company behind Shivalic (NSE: SPCL-SM).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 155 | 132 |
| Revenue growth | +17.4% | - |
| EBITDA | 18.82 | 18.83 |
| EBITDA margin | +12.1% | +14.2% |
| Profit before tax | 16.72 | 16.97 |
| Net profit | 13.14 | 12.43 |
| Net profit margin | +8.5% | +9.4% |
| EPS (₹) | 5.44 | 5.15 |
| Balance sheet | ||
| Total assets | 170 | 119 |
| Net worth | 125 | 113 |
| Total debt | 37.88 | 5.25 |
| Cash & bank | 20.28 | 22.28 |
| Net working capital | 147 | 99.42 |
| Cash flow | ||
| Cash from operations | (22.81) | (8.55) |
| Cash from investing | (1.14) | (1.42) |
| Cash from financing | 21.46 | 55.36 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 144 | 132 | 102 | 82.16 | 57.33 | 52.22 | 49.03 |
| Revenue growth | +8.5% | +29.5% | +24.4% | +43.3% | +9.8% | +6.5% | - |
| EBITDA | 15.78 | 18.83 | 19.46 | 12.76 | 5.03 | 5.02 | 5.45 |
| EBITDA margin | +11.0% | +14.2% | +19.0% | +15.5% | +8.8% | +9.6% | +11.1% |
| Profit before tax | 13.91 | 16.97 | 15.23 | 9.63 | 1.90 | 1.11 | 1.39 |
| Net profit | 10.33 | 12.43 | 11.18 | 7.21 | 1.74 | 0.67 | 0.99 |
| Net profit margin | +7.2% | +9.4% | +10.9% | +8.8% | +3.0% | +1.3% | +2.0% |
| EPS (₹) | 4.28 | 5.15 | 6.34 | 71.69 | 17.39 | 6.69 | 10.01 |
| Balance sheet | |||||||
| Total assets | 152 | 119 | 73.69 | 48.43 | 44.90 | 39.83 | 35.26 |
| Net worth | 123 | 113 | 41.20 | 24.89 | 17.35 | 15.60 | 15.13 |
| Total debt | 27.53 | 5.25 | 31.95 | 23.54 | 27.23 | 23.94 | 20.13 |
| Cash & bank | 16.89 | 22.28 | 1.28 | 1.05 | 3.08 | 0.35 | 0.91 |
| Net working capital | 125 | 99.42 | 54.48 | 29.94 | 25.13 | 21.62 | 16.20 |
| Cash flow | |||||||
| Cash from operations | (17.95) | (8.55) | (8.27) | 4.29 | 3.73 | (1.27) | - |
| Cash from investing | (7.64) | (1.42) | (2.09) | (0.22) | (2.28) | (0.70) | - |
| Cash from financing | 20.88 | 55.36 | (2.54) | (6.11) | 1.28 | 1.40 | - |
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 38.63 | 32.54 |
| Other income | 0.26 | 0.10 |
| Total expenses | 32.26 | 25.97 |
| EBITDA | 6.37 | 6.57 |
| EBITDA margin | +16.5% | +20.2% |
| Depreciation | 0.94 | 0.04 |
| Interest | 0.74 | 1.10 |
| Profit before tax | 4.95 | 5.53 |
| Tax | 1.33 | 1.30 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 155 | 132 |
| Revenue growth | +17.4% | - |
| Other income | 1.27 | 1.53 |
| Total expenses | 137 | 114 |
| Employee cost | 10.39 | 7.75 |
| EBITDA | 18.82 | 18.83 |
| EBITDA margin | +12.1% | +14.2% |
| Depreciation | 1.75 | 1.80 |
| Interest | 1.62 | 1.59 |
| Profit before tax | 16.72 | 16.97 |
| Tax | 3.59 | 4.54 |
| Net profit | 13.14 | 12.43 |
| Net profit margin | +8.5% | +9.4% |
| EPS (₹) | 5.44 | 5.15 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 24.12 | 24.12 |
| Reserves & surplus | 101 | 88.77 |
| Shareholders' funds (net worth) | 125 | 113 |
| Minority interest | 6.13 | 0.00 |
| Secured loans | 35.90 | 4.18 |
| Unsecured loans | 1.98 | 1.07 |
| Total debt | 37.88 | 5.25 |
| Total liabilities | 170 | 119 |
| Assets | ||
| Gross block | 36.65 | 32.94 |
| Net block | 20.97 | 18.91 |
| Capital work in progress | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 |
| Inventories | 80.03 | 57.01 |
| Sundry debtors | 57.98 | 28.53 |
| Cash & bank balances | 20.28 | 22.28 |
| Loans & advances | 8.70 | 1.43 |
| Total current assets | 167 | 109 |
| Total current liabilities | 19.93 | 9.83 |
| Net working capital | 147 | 99.42 |
| Total assets | 170 | 119 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 22.77 | (23.79) |
| Net cash from operating activities | (22.81) | (8.55) |
| Net cash from investing activities | (1.14) | (1.42) |
| Net cash from financing activities | 21.46 | 55.36 |
| Net change in cash | (2.49) | 45.39 |
| Closing cash | 20.28 | 22.28 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Growth | ||
| Sales growth | +17.4% | - |
| EBITDA growth | -0.1% | - |
| PBT growth | -1.5% | +9997.0% |
| Net income growth | +5.7% | - |
| Profitability & leverage | ||
| Net income margin | +8.5% | +9.4% |
| Return on capital employed | +13.1% | +15.8% |
| Return on net worth | +11.2% | +11.2% |
| Debt / equity | 0.18 | 0.05 |
| Long-term debt / equity | 0.02 | 0.02 |
| Interest cover | 9.49 | 9.34 |
| Efficiency & per share | ||
| Fixed asset turnover | 4.66 | 4.21 |
| Inventory turnover | 2.27 | 2.32 |
| Debtors turnover | 3.59 | 4.64 |
| EPS (₹) | 5.44 | 5.15 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 51.08 | 46.20 |
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 38.63 | 32.54 |
| Other income | 0.26 | 0.10 |
| Total expenses | 32.26 | 25.97 |
| EBITDA | 6.37 | 6.57 |
| EBITDA margin | +16.5% | +20.2% |
| Depreciation | 0.94 | 0.04 |
| Interest | 0.74 | 1.10 |
| Profit before tax | 4.95 | 5.53 |
| Tax | 1.33 | 1.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 144 | 132 | 102 | 82.16 | 57.33 | 52.22 | 49.03 |
| Revenue growth | +8.5% | +29.5% | +24.4% | +43.3% | +9.8% | +6.5% | - |
| Other income | 1.27 | 1.53 | 0.49 | 0.54 | 0.08 | 0.16 | 0.14 |
| Total expenses | 128 | 114 | 82.72 | 69.40 | 52.30 | 47.20 | 43.58 |
| Employee cost | 0.00 | 7.75 | 4.41 | 2.42 | 2.16 | 2.17 | 2.94 |
| EBITDA | 15.78 | 18.83 | 19.46 | 12.76 | 5.03 | 5.02 | 5.45 |
| EBITDA margin | +11.0% | +14.2% | +19.0% | +15.5% | +8.8% | +9.6% | +11.1% |
| Depreciation | 1.74 | 1.80 | 1.76 | 1.24 | 1.07 | 1.27 | 1.36 |
| Interest | 1.40 | 1.59 | 2.96 | 2.43 | 2.14 | 2.80 | 2.84 |
| Profit before tax | 13.91 | 16.97 | 15.23 | 9.63 | 1.90 | 1.11 | 1.39 |
| Tax | 3.58 | 4.54 | 4.02 | 2.43 | 0.16 | 0.44 | 0.40 |
| Net profit | 10.33 | 12.43 | 11.18 | 7.21 | 1.74 | 0.67 | 0.99 |
| Net profit margin | +7.2% | +9.4% | +10.9% | +8.8% | +3.0% | +1.3% | +2.0% |
| EPS (₹) | 4.28 | 5.15 | 6.34 | 71.69 | 17.39 | 6.69 | 10.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 24.12 | 24.12 | 17.68 | 1.01 | 1.01 | 1.01 | 1.01 |
| Reserves & surplus | 99.10 | 88.77 | 23.52 | 23.88 | 16.34 | 14.59 | 14.12 |
| Shareholders' funds (net worth) | 123 | 113 | 41.20 | 24.89 | 17.35 | 15.60 | 15.13 |
| Secured loans | 27.53 | 4.18 | 29.67 | 17.50 | 20.67 | 19.69 | 18.01 |
| Unsecured loans | 0.00 | 1.07 | 2.28 | 6.04 | 6.56 | 4.25 | 2.12 |
| Total debt | 27.53 | 5.25 | 31.95 | 23.54 | 27.23 | 23.94 | 20.13 |
| Total liabilities | 152 | 119 | 73.69 | 48.43 | 44.90 | 39.83 | 35.26 |
| Assets | |||||||
| Gross block | 34.79 | 32.94 | 30.87 | 28.91 | 28.73 | 26.36 | 25.60 |
| Net block | 19.23 | 18.91 | 18.64 | 18.30 | 19.36 | 18.06 | 18.58 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 |
| Investments | 6.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 73.33 | 57.01 | 31.68 | 24.93 | 24.50 | 25.71 | 21.56 |
| Sundry debtors | 47.69 | 28.53 | 34.63 | 13.25 | 13.32 | 3.91 | 8.42 |
| Cash & bank balances | 16.89 | 22.28 | 1.28 | 1.05 | 3.08 | 0.35 | 0.91 |
| Loans & advances | 4.38 | 1.43 | 3.75 | 0.47 | 0.20 | 0.27 | 2.61 |
| Total current assets | 142 | 109 | 71.34 | 39.70 | 41.10 | 30.24 | 33.50 |
| Total current liabilities | 16.97 | 9.83 | 16.86 | 9.76 | 15.97 | 8.62 | 17.30 |
| Net working capital | 125 | 99.42 | 54.48 | 29.94 | 25.13 | 21.62 | 16.20 |
| Total assets | 152 | 119 | 73.69 | 48.43 | 44.90 | 39.83 | 35.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 21.60 | (23.79) | (10.89) | 3.08 | 0.35 | 0.91 | - |
| Net cash from operating activities | (17.95) | (8.55) | (8.27) | 4.29 | 3.73 | (1.27) | - |
| Net cash from investing activities | (7.64) | (1.42) | (2.09) | (0.22) | (2.28) | (0.70) | - |
| Net cash from financing activities | 20.88 | 55.36 | (2.54) | (6.11) | 1.28 | 1.40 | - |
| Net change in cash | (4.71) | 45.39 | (12.90) | (2.04) | 2.73 | (0.56) | - |
| Closing cash | 16.89 | 22.28 | 1.28 | 1.05 | 3.08 | 0.35 | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.5% | +29.5% | +24.4% | +43.3% | +9.8% | +6.5% | - |
| EBITDA growth | -16.2% | -3.2% | +52.5% | +153.7% | +0.2% | -7.9% | - |
| PBT growth | -18.0% | +11.4% | +58.2% | +406.8% | +71.2% | -20.1% | +9997.0% |
| Net income growth | -16.9% | +11.2% | +55.1% | +314.4% | +159.7% | -32.3% | - |
| Revenue CAGR (3Y) | +20.5% | +32.2% | +25.1% | +18.8% | - | - | - |
| EBITDA CAGR (3Y) | +7.3% | +55.3% | +57.1% | +32.8% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +7.2% | +9.4% | +11.0% | +8.8% | +3.0% | +1.3% | +2.0% |
| Return on capital employed | - | +19.6% | +30.5% | +26.7% | +9.9% | +10.6% | +12.0% |
| Return on net worth | - | +16.4% | +35.5% | +36.7% | +11.7% | +4.6% | +6.7% |
| Debt / equity | - | 0.25 | 0.88 | 1.29 | 1.70 | 1.51 | 1.33 |
| Long-term debt / equity | - | 0.04 | 0.15 | 0.28 | 0.50 | 1.00 | 1.27 |
| Interest cover | 9.97 | 9.34 | 16.72 | 21.09 | 54.04 | 74.67 | 69.44 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.35 | 3.60 | 3.00 | 2.20 | 2.07 | 1.92 |
| Inventory turnover | - | 2.98 | 3.61 | 3.32 | 2.28 | 2.21 | 2.27 |
| Debtors turnover | - | 4.19 | 4.27 | 6.18 | 6.65 | 8.47 | 5.82 |
| EPS (₹) | 4.28 | 5.15 | 6.34 | 71.69 | 17.39 | 6.69 | 10.01 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 46.20 | 22.47 | 232.94 | 157.89 | 140.50 | 150.52 |
Web traffic of Shivalic
The website of Shivalic (shivalic.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 22.8% vs previous month
Websites whose visitors overlap most with Shivalic. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cisharyana.in | cisharyana.in | 100% | #1,221,193 | – |
Top companies in Industrial Automation & Robotics
2 companies that operate in the same segment as Shivalic (Industrial Automation & Robotics) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of Industrial and Consumer Electric Equipment | 1937 | Mumbai, Maharashtra, India | USD 1.32 B | 4,840 | ||
Electrical equipment for domestic and industrial applications is manufactured. | 1983 | Noida, Uttar Pradesh, India | USD 2.4 B | 36,380 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Shivalic
Complete news archive for Shivalic
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Shivalic
Shivalic was founded in 2004.
Shivalic is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind Shivalic, Shivalic Power Control Limited, reported revenue of ₹157 Cr for FY 2026, up 17% year on year.
Shivalic was founded in 2004 and is based in Delhi, India. Operations center on the production and distribution of electrical panels and switchboards within the electrical equipment sector. Smart panel solutions are provided for various industrial and commercial applications. Quality standards and innovative designs are maintained throughout manufacturing processes to support reliable performance in diverse settings.
Yes, Shivalic is publicly traded on NSE under the ticker symbol SPCL.
Shivalic operates through Shivalic Power Control Limited.
The legal entities of Shivalic currently have 7 directors, including Sapna Jindal, Dheeraj Mangla, Amit Jindal and others.