Overview
Shivalic Power Control Ltd, incorporated in October 2004, is a leading ISO-certified manufacturer specializing in LT (Low Tension) and HT (High Tension) electrical panels. With over 20 years of operational experience, Shivalic has emerged as a trusted name in the electrical panel industry, serving over 500 clients across 20+ industrial sectors.
We are holding a detailed Webinar on Shivalic Power Control Ltd Plant Visit
📅 Date: 21st Dec 2024, Saturday
⌚ Time: 5 PM
Key Highlights
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Custom Solutions: The company is renowned for manufacturing customized panels to meet specific client requirements, including earthquake-resistant and internal arc-tested solutions.
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State-of-the-Art Facilities: Operates a 1,25,000 sq. ft. manufacturing unit in Faridabad, Haryana, equipped with an in-house quality assurance lab and advanced machinery.
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Diverse Product Range: Includes PCC, IMCC, Smart Panels, HT Panels (up to 33KV), VFD Panels, APFC Panels, TTA Panels (IEC 61439), Power Distribution Boards, and more.
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Non-Welded Panels: Shivalic is India’s leading manufacturer of fully bolted, non-welded panels that offer superior thermal stability, easy expandability, and a reduced carbon footprint.
Image: LT Panels
Strategic Partnerships Shivalic has strong tie-ups with major industry leaders like Siemens, Schneider Electric, L&T Electrical & Automation, and TDK. These collaborations enable the company to manufacture fully type-tested panels adhering to global IEC 61439 standards and other rigorous quality benchmarks.
Key Milestones
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Converted to a public limited company in 2023-24.
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Secured a landmark order of ₹28 crore for the RBI Data Centre in Bhubaneswar.
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Entered partnerships with Siemens (HT Panels), Schneider Electric (Prisma range), and TDK.
Image: Investor Presentation
Shivalic Power Control Ltd follows a streamlined and technologically advanced manufacturing process to deliver high-quality electrical panels:
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Designing: The process begins with electrical designing and mechanical designing of the panel, ensuring all specifications are tailored to client requirements.
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Material Selection: The enclosures are built using CRCA (Cold Rolled Close Annealed) sheets, ranging from 1mm to 3mm thickness.
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Punching: The CRCA sheets are punched using advanced CNC machines sourced from Germany, ensuring precision and accuracy.
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Bending: Post punching, the sheets are bent into shape using specialized bending equipment.
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Bus Bar Design and Bending: Simultaneously, the design and bending of bus bars are carried out to ensure efficient current conduction.
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Enclosure Assembly: The punched and bent CRCA sheets are assembled to form the enclosure.
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Component Installation: Inside the enclosure, various switches, relays, and switchgear are mounted and integrated into a sub-assembly.
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Final Integration: The entire sub-assembly is fitted into the enclosure, completing the panel structure.
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Rigorous Testing: The assembled panel undergoes thorough quality checks and testing to ensure performance, safety, and reliability.
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Client Inspection: Upon successful testing, the panel is presented for client inspection to verify all specifications and requirements.
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Dispatch: After approval, the final product is dispatched to the client.
The design philosophy of Shivalic can be considered as plug and play, modular design so that it becomes easier for the customer to use this electrical panel which is key to supply, distribute and regulate power.
We are holding a detailed Webinar on Shivalic Power Control Ltd Plant Visit
📅 Date: 21st Dec 2024, Saturday
⌚ Time: 5 PM
Image: Enclosures
Insights from Management
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Strategic Partnerships: Shivalic has partnerships with industry giants like Schneider Electric, Siemens, L&T, and TDK, allowing the company to manufacture and market panels under these global brands.
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Material Preference: While aluminum is the primary raw material for bus bars, premium customers are increasingly demanding copper, though aluminum remains the preferred choice for cost efficiency by the customers.
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Order Book and Pipeline: Shivalic’s current order book stands at ₹45 crore, with an additional ₹260 crore in the pipeline.
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Project Timelines: It typically takes 6 to 12 weeks to complete a project depending on the size of the order.
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Business Models: Shivalic operates through three business models:
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Partnership with Technical Partners: Manufacturing under brands like Siemens, Schneider Electric, and TDK.
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EPC Partnerships: Working alongside EPC players who focus on project delivery while Shivalic provides expertise.
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Shivalic Branded Products: Panels sold under its own brand name.
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CapEx and Expansion Plans:
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Planned CapEx of ₹6-8 crore to increase factory space by adding floors.
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Adoption of a hub-and-spoke model: Sub-assemblies will be shifted to satellite facilities to optimize production efficiency and space utilization.
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Space Constraint: The company will be trying to address current space limitations through the hub-and-spoke model and expansion plans. The hub and spoke model will begin in FY26 as per management expectations.
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Automation: A new bus bar machine has been ordered and dispatched, which will enhance automation and improve efficiency.
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Production Mix: 95% of panels manufactured are low-tension panels, while 5% are high-tension panel
We are holding a detailed Webinar on Shivalic Power Control Ltd Plant Visit
📅 Date: 21st Dec 2024, Saturday
⌚ Time: 5 PM
Shivalic Power Control Ltd operates in a sector experiencing significant tailwinds, driven by the growing demand for electrical distribution solutions across multiple themes like data centers, EV charging infrastructure, industrial complexes, factories, and hospitals. High-tension panels serve critical roles in electricity transmission post-generation, while low-tension panels ensure efficient power distribution post-step-down transformation.
Despite competition from peers such as Marine Electrical, Tracolite, and C&S, Shivalic is well-positioned to capitalize on rising demand. The company successfully executed a large order for the RBI Data Centre, highlighting its ability to fulfill prestigious and high-value projects.
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Disclaimer
All information is sourced from publicly available data, and while every effort has been made to ensure the accuracy and reliability of the information provided in these notes from the management meeting, Ayush Agarwal Research cannot guarantee that the information is complete or free from errors.
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I, Ayush Agrawal, am registered with SEBI as an Individual Research Analyst under the registration number INH000013013, effective from September 14, 2023.
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