Good to see a cautionary wisdom point in recent fanfare. Think both invested from lower levels and recent entrants need to evaluate returns from here on 
Some attributes that may help crystal ball gazing in future -
Can we say that identity and positioning of Shivalik has evolved especially when viewed from possibilities perspectives - Shivalik of past( CRT being major used in phased out old gen TV, .low margin mobile components) vs Shivalik of next decade.( EV, smart meter proxy etc)
- Would you be kind enough to append opportunity size expansion possibilities as well -
- India is producing hardly 3-4 thousand elecric PV/mo , what happens when this goes mainstream and takes center stage with current ICE production runrate. We all know that per vehicle shunt reqmt grows multi fold in each EV.
- Hardly few lac smart meters to 25 cr+.
- Growing client base with diverse electrical/electronics usage of bimetal
- Factor 1 and 2 for global markets as well - where Shivalik is credible player
- Forward integration possibilities and increasing opportunity size.( esp shunt to solutions)
Does 6X sales and 28X EBDITA at Q1 annualized provides MoS for v near term - def worth considering.
However possibilities are vast( and evolving) and shivalik of future looks quite different than past 
While it doesn’t make sense to compare past avtaar of shivalik with what could future hold - here is screener view - earnins at 10 year and Stock CAGR at 10 yr basis arent way out of sync
Invested
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