# Shunt Resistors — company-by-company sector analysis

> Shunt Resistors: Shivalik Bimetal Controls Ltd owns the largest revenue base AND the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice.

## 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.

## Sector relative strength

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.

13-week sector return versus NIFTY 500: 66%
52-week sector return versus NIFTY 500: 93%
Stocks leading NIFTY: 1/2
Stocks leading sector: 1/2

Central tension: The central tension: current leadership is concentrated, so durability matters more than rank.

Companies: 2
Combined market value: ₹6.7K Cr

## 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.

1. Shivalik Bimetal Controls Ltd (SBCL): 69/100 — Favorable setup; evidence 97%
   - Growth & earnings 26.9/35 | Capital efficiency 20.0/25 | Valuation 6.8/20 | Relative strength 15.1/20
   - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks
   - 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.
2. Permanent Magnets Ltd (PERMAGN): 40/100 — Mixed-negative evidence; evidence 66%
   - Growth & earnings 11.3/35 | Capital efficiency 14.7/25 | Valuation 10.0/20 | Relative strength 3.7/20
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks, ending 2026-03-08 (no longer priced)
   - 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.

### Strongest one-year price performers
1. Shivalik Bimetal Controls Ltd (SBCL): 100%
2. Permanent Magnets Ltd (PERMAGN): -24%

### Strongest relative strength versus NIFTY 500
1. Shivalik Bimetal Controls Ltd (SBCL): 84%
2. Permanent Magnets Ltd (PERMAGN): -14%

## 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.

### Live themes, worst first
- MEDIUM | US tariffs under Section 232 reached 50% for strip materials, causing unpredictability and reduced orders. | Accelerating transition to higher value-add components which attract a lower 18% tariff. | quoted: "Quarter 3 in general has been challenging for us with unpredictability related to geopolitical factors especially related to US tariffs." | named for SBCL
- LOW | Silver price inflation impacted the silver contacts vertical due to higher inventory exposure during a factory relocation. | Pricing structures generally allow for raw material costs to be passed through to customers. | quoted: "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" | named for SBCL

Sources: our Shunt Resistors sector brief, 17 Apr 2026 · company earnings-call transcripts.

## Revenue Scale & Growth Durability

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.

Evidence: Shivalik Bimetal Controls Ltd · ₹616 crore | 161.1% versus #2 · Permanent Magnets Ltd | 6/8 recent comparable periods | 2/2 companies · 33 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Shivalik Bimetal Controls Ltd (SBCL): ₹616 Cr
2. Permanent Magnets Ltd (PERMAGN): ₹236 Cr

### Revenue growth — fastest growers
1. Shivalik Bimetal Controls Ltd (SBCL): 19%
2. Permanent Magnets Ltd (PERMAGN): 16%

### 20-quarter Revenue history
- SBCL: Sep 2021 ₹76 Cr | Dec 2021 ₹88 Cr | Mar 2022 ₹89 Cr | Jun 2022 ₹111 Cr | Sep 2022 ₹118 Cr | Dec 2022 ₹118 Cr | Mar 2023 ₹124 Cr | Jun 2023 ₹127 Cr | Sep 2023 ₹128 Cr | Dec 2023 ₹126 Cr | Mar 2024 ₹128 Cr | Jun 2024 ₹126 Cr | Sep 2024 ₹127 Cr | Dec 2024 ₹123 Cr | Mar 2025 ₹132 Cr | Jun 2025 ₹137 Cr | Sep 2025 ₹137 Cr | Dec 2025 ₹134 Cr | Mar 2026 ₹163 Cr | Jun 2026 ₹182 Cr
- PERMAGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹44 Cr | Sep 2023 ₹54 Cr | Dec 2023 ₹51 Cr | Mar 2024 ₹54 Cr | Jun 2024 ₹54 Cr | Sep 2024 ₹56 Cr | Dec 2024 ₹49 Cr | Mar 2025 ₹45 Cr | Jun 2025 ₹54 Cr | Sep 2025 ₹49 Cr | Dec 2025 ₹57 Cr | Mar 2026 ₹67 Cr | Jun 2026 ₹63 Cr

### 20-quarter Revenue growth history
- SBCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 59% | Sep 2022 55% | Dec 2022 34% | Mar 2023 39% | Jun 2023 14% | Sep 2023 8.5% | Dec 2023 6.8% | Mar 2024 3.2% | Jun 2024 -0.8% | Sep 2024 -0.8% | Dec 2024 -2.4% | Mar 2025 3.1% | Jun 2025 8.7% | Sep 2025 7.9% | Dec 2025 8.9% | Mar 2026 23% | Jun 2026 33%
- PERMAGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 24% | Sep 2024 4.5% | Dec 2024 -2.3% | Mar 2025 -16% | Jun 2025 -1.4% | Sep 2025 -12% | Dec 2025 16% | Mar 2026 47% | Jun 2026 18%

## Operating Economics & Margin Trend

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.

Evidence: Shivalik Bimetal Controls Ltd · 24% | 37.9% versus #2 · Permanent Magnets Ltd | 5/8 recent comparable periods | 2/2 companies · 40 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Shivalik Bimetal Controls Ltd (SBCL): 24%
2. Permanent Magnets Ltd (PERMAGN): 17%

### Margin change — fastest expanders
1. Shivalik Bimetal Controls Ltd (SBCL): +1.0 pp
2. Permanent Magnets Ltd (PERMAGN): −2.6 pp

### 20-quarter OPM history
- SBCL: Sep 2021 23% | Dec 2021 23% | Mar 2022 22% | Jun 2022 23% | Sep 2022 23% | Dec 2022 23% | Mar 2023 23% | Jun 2023 24% | Sep 2023 23% | Dec 2023 20% | Mar 2024 17% | Jun 2024 19% | Sep 2024 21% | Dec 2024 20% | Mar 2025 22% | Jun 2025 23% | Sep 2025 23% | Dec 2025 24% | Mar 2026 22% | Jun 2026 24%
- PERMAGN: Sep 2021 22% | Dec 2021 19% | Mar 2022 22% | Jun 2022 15% | Sep 2022 23% | Dec 2022 23% | Mar 2023 27% | Jun 2023 22% | Sep 2023 21% | Dec 2023 13% | Mar 2024 12% | Jun 2024 16% | Sep 2024 19% | Dec 2024 13% | Mar 2025 11% | Jun 2025 20% | Sep 2025 12% | Dec 2025 18% | Mar 2026 14% | Jun 2026 17%

### 20-quarter Margin change history
- SBCL: Sep 2021 +8.1 pp | Dec 2021 +2.0 pp | Mar 2022 +2.6 pp | Jun 2022 +0.4 pp | Sep 2022 −0.4 pp | Dec 2022 −0.3 pp | Mar 2023 +1.5 pp | Jun 2023 +1.1 pp | Sep 2023 +0.1 pp | Dec 2023 −3.0 pp | Mar 2024 −6.0 pp | Jun 2024 −5.0 pp | Sep 2024 −2.0 pp | Dec 2024 0.0 pp | Mar 2025 +5.0 pp | Jun 2025 +4.0 pp | Sep 2025 +2.0 pp | Dec 2025 +4.0 pp | Mar 2026 0.0 pp | Jun 2026 +1.0 pp
- PERMAGN: Sep 2021 +1.4 pp | Dec 2021 −3.5 pp | Mar 2022 −2.0 pp | Jun 2022 −4.3 pp | Sep 2022 +1.3 pp | Dec 2022 +4.2 pp | Mar 2023 +4.9 pp | Jun 2023 +7.2 pp | Sep 2023 −2.1 pp | Dec 2023 −9.8 pp | Mar 2024 −14.5 pp | Jun 2024 −6.8 pp | Sep 2024 −1.9 pp | Dec 2024 −0.7 pp | Mar 2025 −1.1 pp | Jun 2025 +4.4 pp | Sep 2025 −6.9 pp | Dec 2025 +5.7 pp | Mar 2026 +3.1 pp | Jun 2026 −2.6 pp

## Profit Scale & Acceleration

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.

Evidence: Shivalik Bimetal Controls Ltd · ₹106 crore | 754.8% versus #2 · Permanent Magnets Ltd | 6/8 recent comparable periods | 2/2 companies · 33 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Shivalik Bimetal Controls Ltd (SBCL): ₹106 Cr
2. Permanent Magnets Ltd (PERMAGN): ₹12 Cr

### Profit growth — fastest growers
1. Shivalik Bimetal Controls Ltd (SBCL): 29%
2. Permanent Magnets Ltd (PERMAGN): -27%

### 20-quarter Net profit history
- SBCL: Sep 2021 ₹14 Cr | Dec 2021 ₹16 Cr | Mar 2022 ₹14 Cr | Jun 2022 ₹22 Cr | Sep 2022 ₹19 Cr | Dec 2022 ₹17 Cr | Mar 2023 ₹22 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹20 Cr | Dec 2023 ₹17 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹18 Cr | Mar 2025 ₹21 Cr | Jun 2025 ₹23 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹22 Cr | Mar 2026 ₹26 Cr | Jun 2026 ₹33 Cr
- PERMAGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹7 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹4 Cr | Jun 2026 ₹4 Cr

### 20-quarter Profit growth history
- SBCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 83% | Sep 2022 36% | Dec 2022 6.3% | Mar 2023 57% | Jun 2023 -4.6% | Sep 2023 5.3% | Dec 2023 0.0% | Mar 2024 18% | Jun 2024 -14% | Sep 2024 0.0% | Dec 2024 5.9% | Mar 2025 -19% | Jun 2025 28% | Sep 2025 25% | Dec 2025 22% | Mar 2026 24% | Jun 2026 43%
- PERMAGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 -26% | Sep 2024 0.3% | Dec 2024 -47% | Mar 2025 -37% | Jun 2025 22% | Sep 2025 -67% | Dec 2025 10% | Mar 2026 153% | Jun 2026 -38%

## Return On Capital Employed

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.

Evidence: Shivalik Bimetal Controls Ltd · 26.8% | 94.2% versus #2 · Permanent Magnets Ltd | 1/8 recent comparable periods | 2/2 companies · 15 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Shivalik Bimetal Controls Ltd (SBCL): 27%
2. Permanent Magnets Ltd (PERMAGN): 14%

### ROCE change — fastest improvers
1. Shivalik Bimetal Controls Ltd (SBCL): +0.4 pp
2. Permanent Magnets Ltd (PERMAGN): −1.0 pp

### 20-quarter ROCE history
- SBCL: Sep 2021 30% | Dec 2021 — | Mar 2022 32% | Jun 2022 — | Sep 2022 32% | Dec 2022 — | Mar 2023 34% | Jun 2023 — | Sep 2023 32% | Dec 2023 37% | Mar 2024 29% | Jun 2024 34% | Sep 2024 25% | Dec 2024 31% | Mar 2025 22% | Jun 2025 29% | Sep 2025 23% | Dec 2025 29% | Mar 2026 23% | Jun 2026 —

### 20-quarter ROCE change history
- SBCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.8 pp | Dec 2022 — | Mar 2023 +2.1 pp | Jun 2023 — | Sep 2023 0.0 pp | Dec 2023 — | Mar 2024 −4.5 pp | Jun 2024 — | Sep 2024 −7.0 pp | Dec 2024 −5.7 pp | Mar 2025 −6.9 pp | Jun 2025 −5.1 pp | Sep 2025 −1.9 pp | Dec 2025 −2.0 pp | Mar 2026 +0.4 pp | Jun 2026 —

## Valuation Against Growth & Quality

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.

Evidence: Shivalik Bimetal Controls Ltd · 1.78× | Not enough peers | 0/8 recent comparable periods | 1/2 companies · 10 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Shivalik Bimetal Controls Ltd (SBCL): 1.8

### P/E — lowest P/E
1. Permanent Magnets Ltd (PERMAGN): 52.6
2. Shivalik Bimetal Controls Ltd (SBCL): 56.2

### 20-quarter PEG history
- SBCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.7 | Mar 2023 0.9 | Jun 2023 1.0 | Sep 2023 1.9 | Dec 2023 1.8 | Mar 2024 3.4 | Jun 2024 6.1 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 3.6 | Mar 2026 2.0 | Jun 2026 1.8

### 20-quarter P/E history
- SBCL: Sep 2021 30.0 | Dec 2021 33.1 | Mar 2022 38.9 | Jun 2022 27.9 | Sep 2022 40.5 | Dec 2022 33.0 | Mar 2023 40.9 | Jun 2023 45.0 | Sep 2023 39.0 | Dec 2023 39.7 | Mar 2024 37.3 | Jun 2024 39.7 | Sep 2024 44.3 | Dec 2024 41.5 | Mar 2025 32.5 | Jun 2025 41.7 | Sep 2025 37.7 | Dec 2025 29.0 | Mar 2026 23.6 | Jun 2026 45.0
- PERMAGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 46.7 | Sep 2024 45.5 | Dec 2024 44.8 | Mar 2025 36.1 | Jun 2025 51.4 | Sep 2025 52.6 | Dec 2025 60.5 | Mar 2026 42.4 | Jun 2026 50.9


## What can make this comparison misleading?
- 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.

## Every company
- Shivalik Bimetal Controls Ltd (SBCL) — market value ₹6.0K Cr; latest fundamentals Jun 2026
- Permanent Magnets Ltd (PERMAGN) — market value ₹694 Cr; latest fundamentals Jun 2026

## Source standing of each company

Cross-checked: 1. Unverified: 1. Withheld: 0. Graded companies: 2.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-14.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### 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.