Shivalik Bimetal Controls Reports Positive Q2 Results, Strong Cash Flow and Dividend Distribution

Shivalik Bimetal Controls, a smallcap company in the steel/sponge iron/pig iron industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Shivalik Bimetal's performance for Q2 FY24-25 has remained flat. However, there has been an improvement in the company's score, which has increased from -4 to 4 in the last three months.

One of the key factors contributing to Shivalik Bimetal's positive performance is its strong operating cash flow. The company has recorded the highest operating cash flow of Rs 67.93 crore annually and has shown growth in this area over the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

Another positive aspect of Shivalik Bimetal's financials is its dividend per share (DPS). The company has consistently distributed higher dividends from the profits it has generated, with the DPS reaching its highest at Rs 1.70 annually and showing growth over the last five years.

In terms of liquidity, Shivalik Bimetal has also shown improvement with its cash and cash equivalents reaching its highest at Rs 54.88 crore in the last six half-yearly periods. This indicates that the company has a strong short-term liquidity position.

Furthermore, the company has a high dividend payout ratio (DPR) of 12.07% annually, which has been consistent over the last five years. This shows that Shivalik Bimetal is distributing a higher proportion of its profits as dividends to its shareholders.

Overall, Shivalik Bimetal Controls has shown a positive financial performance for the quarter ending September 2024, with strong operating cash flow, dividend distribution, and liquidity. Investors are advised to hold their positions in the company's stock, as suggested by MarketsMOJO.