Lincoln P Coelho's and Dheeraj Kumar Kohia’s portfolio multibagger stock: This iron & steel company signs an MoU with Metalor Technologies International SA!

The stock gave multibagger returns of 1,155 per cent in 3 years and a whopping 21,500 per cent in a decade.

Shivalik Bimetal Controls Ltd (SBCL) announced that the Company has signed the Memorandum of Understanding (MoU) with Metalor Technologies International SA (Swiss Corporation) for setting up a joint venture in India to manufacture and sale of electrical contacts. This strategic collaboration aims to enhance Shivalik's manufacturing capability for producing electrical contacts by partnering with a renowned global leader.

CFO of SBCL, Mr Rajeev Ranjan shared, "This is an exciting opportunity for Shivalik to set up a world-class organisation catering to the needs of global customers both in India and across the world.”

Managing Director of Shivalik Engineered Products Pvt Ltd., Mr Sumer Ghumman, commented on the MoU: "This has a potential for us to strengthen our manufacturing capabilities using the best technologies in the field of electrical contacts. We look forward to working with Metalor in India and expanding our portfolio of products in the silver contacts segment.”

Shivalik Bimetal Controls Limited manufactures bimetal products. The Company supplies these products worldwide to original equipment manufacturers in the automotive, aviation, electronics, medical, and domestic appliances industries.

Today, shares of Shivalik Bimetal Controls Ltd plunged 2.06 per cent to Rs 540.05 per share with an intraday high of Rs 560.35 and an intraday low of Rs 537. The shares of the company saw a spurt in volume by more than 1.01 times on BSE.

Talking about the financials, this Small-Cap company has a market cap of over Rs 3,000 crore and has delivered good profit growth of 36.7 per cent CAGR over the last 5 years. The company reported positive numbers in its Quarterly Results (Q2FY24) and annual results (FY23). The shares of the company have an ROE of 34.6 per cent and an ROCE of 38.1 per cent.

As of September 2023, two ace investors, Lincoln P Coelho own 6,00,000 shares or 1.04 per cent and Dheeraj Kumar Lohia owns 5,80,462 shares or 1.01 per cent stake in the company. The stock gave multibagger returns of 1,155 per cent in 3 years and a whopping 21,500 per cent in a decade. Investors should keep an eye on this iron & steel stock.

Disclaimer: The article is for informational purposes only and not investment advice.