Shunt Resistors Stocks in India
Shunt Resistors: Shivalik Bimetal Controls Ltd owns the largest revenue base AND the fastest current growth.
Nifty Shunt Resistors Index — Constituents & Performance
All 2 listed Indian Shunt Resistors companies are named here, largest first — the same constituent set people search for as the Nifty Shunt Resistors index. Every figure on this page is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
- Shivalik Bimetal Controls Ltd₹6.0K Cr
- Permanent Magnets Ltd₹694 Cr
Is Shunt Resistors outperforming NIFTY 500?
Shunt Resistors has outperformed NIFTY 500 by 92.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 66.3%. 1 of 2 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Shivalik Bimetal Controls Ltd is the strongest against the sector itself at +2.4%. Readings are as of 2026-08-09.
Sector metric: 46.0 as of 2026-08-09 · NARROWING · rising.
The central tension: current leadership is concentrated, so durability matters more than rank.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Shunt Resistors has outperformed NIFTY 500 by 92.5% over 52 weeks and 66.3% over 13 weeks. 1 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself. Shivalik Bimetal Controls Ltd leads with revenue of ₹616 crore, based on 2 of 2 comparable companies through Jun 2026.
Best Shunt Resistors Stocks in India (Aug 2026), Ranked by Data
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Top 10 Shunt Resistors Stocks in India
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Shivalik Bimetal Controls LtdSBCL | 68.8/100Favorable setup97% evidence | LEADER | 26.9/35 Revenue 18.7% · PAT 29.3% · OPM change 1 pp 100% evidence | 20.0/25 ROCE 26.8% · OPM 24% 100% evidence | 6.8/20 P/E 56.2× · PEG 1.78 85% evidence | 15.1/20 RS sector 2.4% · RS bench 84% · 1Y 100.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 26.9 + 20 + 6.8 + 15.1 = 68.8 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Permanent Magnets LtdPERMAGN | 39.7/100Mixed-negative evidence66% evidence | 11.3/35 Revenue 15.5% · PAT -26.5% · OPM change -2.6 pp 95% evidence | 14.7/25 ROCE 13.8% · OPM 17.4% 76% evidence | 10.0/20 P/E 52.6× · PEG — 0% evidence | 3.7/20 RS sector -4.2% · RS bench -13.7% · 1Y -24%2 of 12 weeks ahead to 2026-03-08 70% evidence | |
| Exact sum: 11.3 + 14.7 + 10 + 3.7 = 39.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Market action
Shivalik Bimetal Controls Ltd has the strongest one-year price move in Shunt Resistors at +100.1%. It also leads on Mansfield relative strength against NIFTY at +84%. 1 of 2 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Shunt Resistors itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
Shunt Resistors — the story behind the numbers
This is the written read behind the Shunt Resistors figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 2 themes are live here.
The sector demonstrates resilience. While geopolitical tariffs have slightly dampened top-line growth, the aggressive pivot towards value-added components and new product assemblies is driving 400 basis points of margin expansion.
The Shunt Resistors sector, represented by a single constituent SBCL, is navigating a complex environment characterized by shifting trade policies and evolving product mixes. The demand environment is IMPROVING, evidenced by SBCL reporting 9.5% volume growth in shunt resistors and 5% volume growth in thermostatic bimetals for the nine-month period.
How old this read is: STALE — this read comes from our Shunt Resistors sector brief dated 17 Apr 2026, about 4 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| US tariffs under Section 232 reached 50% for strip materials, causing unpredictability and reduced orders.Named for SBCL | medium | “Quarter 3 in general has been challenging for us with unpredictability related to geopolitical factors especially related to US tariffs.” Accelerating transition to higher value-add components which attract a lower 18% tariff. |
| Silver price inflation impacted the silver contacts vertical due to higher inventory exposure during a factory relocation.Named for SBCL | low | “the bigger impact that we've had is in our third product vertical which is silver contacts and silver contacts had more exposure in recent months” Pricing structures generally allow for raw material costs to be passed through to customers. |
Sources: our Shunt Resistors sector brief, 17 Apr 2026 · company earnings-call transcripts.
Revenue Scale & Growth Durability
Shivalik Bimetal Controls Ltd has the highest Revenue among the 2 Shunt Resistors companies compared here, at ₹616 crore. Permanent Magnets Ltd is next at ₹236 crore. The same company also holds the highest Revenue growth, at 18.7%. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Shivalik Bimetal Controls Ltd is the scale leader at ₹616 crore, 161.1% ahead of Permanent Magnets Ltd. Shivalik Bimetal Controls Ltd's growth is 18.7% from a ₹616 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
Investor read: Shivalik Bimetal Controls Ltd is the scale benchmark; Shivalik Bimetal Controls Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Shivalik Bimetal Controls Ltd's growth falls below Shivalik Bimetal Controls Ltd's for two consecutive comparable reports while operating margin also compresses.
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Shivalik Bimetal Controls Ltd SBCL | ₹182 Cr | 33% | Jun 2026 |
| Permanent Magnets Ltd PERMAGN | ₹63 Cr | 18% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Shivalik Bimetal Controls Ltd · SBCL
Revenue growth · reported quarter history
Permanent Magnets Ltd · PERMAGN
Shivalik Bimetal Controls Ltd · SBCL
Operating Economics & Margin Trend
Shivalik Bimetal Controls Ltd has the highest OPM among the 2 Shunt Resistors companies compared here, at 24%. Permanent Magnets Ltd is next at 17.4%. The same company also holds the highest Margin change, at +1 percentage points. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Shivalik Bimetal Controls Ltd leads both opm at 24% and margin change at +1 percentage points.
Investor read: Shivalik Bimetal Controls Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Shivalik Bimetal Controls Ltd SBCL | 24% | +1.0 pp | Jun 2026 |
| Permanent Magnets Ltd PERMAGN | 17% | −2.6 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Permanent Magnets Ltd · PERMAGN
Shivalik Bimetal Controls Ltd · SBCL
Margin change · reported quarter history
Permanent Magnets Ltd · PERMAGN
Shivalik Bimetal Controls Ltd · SBCL
Profit Scale & Acceleration
Shivalik Bimetal Controls Ltd has the highest Net profit among the 2 Shunt Resistors companies compared here, at ₹106 crore. Permanent Magnets Ltd is next at ₹12 crore. The same company also holds the highest Profit growth, at 29.3%. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Shivalik Bimetal Controls Ltd leads with ₹106 crore of TTM profit, 754.8% above Permanent Magnets Ltd. Shivalik Bimetal Controls Ltd shows 29.3% growth from a ₹106 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
Investor read: Shivalik Bimetal Controls Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Shivalik Bimetal Controls Ltd SBCL | ₹33 Cr | 43% | Jun 2026 |
| Permanent Magnets Ltd PERMAGN | ₹4 Cr | -38% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Permanent Magnets Ltd · PERMAGN
Shivalik Bimetal Controls Ltd · SBCL
Profit growth · reported quarter history
Permanent Magnets Ltd · PERMAGN
Shivalik Bimetal Controls Ltd · SBCL
Return On Capital Employed
Shivalik Bimetal Controls Ltd has the highest ROCE among the 2 Shunt Resistors companies compared here, at 26.8%. Permanent Magnets Ltd is next at 13.8%. The same company also holds the highest ROCE change, at +0.4 percentage points. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Shivalik Bimetal Controls Ltd leads ROCE at 26.8%, 13 percentage points above Permanent Magnets Ltd. Shivalik Bimetal Controls Ltd has the strongest latest improvement at +0.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
Investor read: Shivalik Bimetal Controls Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Shivalik Bimetal Controls Ltd SBCL | 23% | +0.4 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Shivalik Bimetal Controls Ltd · SBCL
ROCE change · reported quarter history
Shivalik Bimetal Controls Ltd · SBCL
Valuation Against Growth & Quality
Shivalik Bimetal Controls Ltd has the lowest PEG among the 2 Shunt Resistors companies compared here, at 1.78×. Permanent Magnets Ltd has the lowest P/E at 52.6×, so level and change sit with different companies. 1 of 2 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 10 reported observations across the 20-quarter window.
What the numbers say: Shivalik Bimetal Controls Ltd has the lowest comparable PEG at 1.78×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Shivalik Bimetal Controls Ltd SBCL | 1.8 | 45.0 | Jun 2026 |
| Permanent Magnets Ltd PERMAGN | — | 50.9 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Shivalik Bimetal Controls Ltd · SBCL
P/E · reported quarter history
Permanent Magnets Ltd · PERMAGN
Shivalik Bimetal Controls Ltd · SBCL
What can make this comparison misleading?
This Shunt Resistors comparison names 5 specific ways its own evidence can mislead, all listed below. All 2 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Valuation have fewer than three usable current readings.
How was this comparison built?
This comparison is built from the reported filings of 2 Shunt Resistors companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-14. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
Shunt Resistors company comparison FAQs
These 23 answers restate the Shunt Resistors comparison above in question form. Every one is computed from the same 2 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-14. Nothing here is estimated, and none of it is a recommendation.
Is the Shunt Resistors sector outperforming NIFTY 500?
Shunt Resistors has outperformed NIFTY 500 by 92.5% over 52 weeks and 66.3% over 13 weeks. 1 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself.
Which Shunt Resistors company is largest by revenue?
Shivalik Bimetal Controls Ltd leads with revenue of ₹616 crore, based on 2 of 2 comparable companies through Jun 2026.
Which Shunt Resistors company is growing fastest?
Shivalik Bimetal Controls Ltd has the fastest current revenue growth at 18.7%, across 2 of 2 comparable companies.
Which Shunt Resistors company has the strongest 4-Factor Sector Score?
Shivalik Bimetal Controls Ltd ranks first at 68.8/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Shunt Resistors company has the lowest comparable PEG?
Shivalik Bimetal Controls Ltd has the lowest comparable PEG at 1.78, among 1 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Shunt Resistors comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Is there a Nifty Shunt Resistors index?
NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Shunt Resistors, this page builds its own equal-weight basket of 2 listed Shunt Resistors companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.
Which are the best Shunt Resistors stocks in India?
Ranked by this page's four-factor score, Shivalik Bimetal Controls Ltd places first among 2 listed Shunt Resistors companies, followed by Permanent Magnets Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Shunt Resistors stocks are listed in India?
This comparison covers 2 listed Shunt Resistors companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Shunt Resistors company is the biggest?
Shivalik Bimetal Controls Ltd is the largest, with trailing-twelve-month revenue of ₹616 crore, ahead of Permanent Magnets Ltd at ₹236 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.
Which Shunt Resistors company has the best profit margins?
Shivalik Bimetal Controls Ltd has the highest operating margin at 24%, from 2 of 2 comparable companies. Shivalik Bimetal Controls Ltd shows the biggest recent improvement, at +1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Shunt Resistors company makes the most profit?
Shivalik Bimetal Controls Ltd earns the most, at ₹106 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. Shivalik Bimetal Controls Ltd has the fastest profit growth at 29.3%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Shunt Resistors company earns the highest return on capital?
Shivalik Bimetal Controls Ltd leads on return on capital employed at 26.8%, across 2 of 2 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Shunt Resistors stock is the cheapest?
On PEG — where a LOWER number is cheaper — Shivalik Bimetal Controls Ltd screens cheapest at 1.78×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Shunt Resistors sector beating the market?
Shunt Resistors has outperformed NIFTY 500 by 92.5% over the last 52 weeks and 66.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 2 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Shunt Resistors stock has the strongest price momentum?
Shivalik Bimetal Controls Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Shunt Resistors company scores highest for research priority?
Shivalik Bimetal Controls Ltd scores 68.8 out of 100 with 97% evidence confidence, from 26.9 points on growth and earnings, 20 on capital efficiency, 6.8 on valuation and 15.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Shunt Resistors companies does this comparison cover, and over what period?
It compares 2 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Shunt Resistors sector?
The 2 Shunt Resistors companies on this page carry ₹6,685 crore of combined market value. Shivalik Bimetal Controls Ltd is the largest at ₹5,991 crore, about 90% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20.
How is the Shunt Resistors sector performing?
1 of the 2 covered Shunt Resistors companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 92.5% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.