BSE: 544468
B. D. Industries (Pune) Limite
Manufactures rotationally moulded plastic products for automotive, road safety, material handling and renewable energy customers, running four plants across Pune, Dewas, Hoshiarpur and a new Zaheerabad facility under construction. On a consolidated basis in FY26, revenue reached ₹101.34 crore (up 20.45% year-on-year) and profit after tax was ₹9.50 crore; on a standalone basis FY26 revenue was ₹64.68 crore (up 18.1% YoY) with PAT of ₹6.77 crore. The customer list disclosed is Mahindra, John Deere, JCB, Kubota and Tata Power, and a ₹10.08 crore domestic order for industrial spacers in the renewable energy space was secured in April 2026 for delivery by August 31, 2026, extending the business into solar and wind components. The only cost lines disclosed as a share of revenue are employee expenses at 7.5% and other operating expenses at 21.5% in FY26; raw-material share was not separately reported. The company listed on the BSE SME platform on August 6, 2025 (scrip code 544468), raising ₹4,536 lakhs via IPO, and used part of the proceeds to bring consolidated long-term borrowings down from ₹982.90 lakhs to ₹56.59 lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive, Road safety, Material handling, Renewable energy. Diversified rotational moulding supplier serving automotive, road safety, material handling and renewable energy end-markets
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 101 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 7.48 |
| ROE % · ROCE % | — · 21.1 |
| Debt / equity (x) | — |
| Cash from operations | (11) |
| Capex | 0 |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 48 | 53 |
| Profit before tax | 6 | 7 |
| Net profit | — | — |
| EPS (₹) | 3.94 | 3.99 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME INDUSTRIES LTD | 41,906 | 40.4 | 6.79 | 25.8 | 15.5 | 17.9 | 12.0 | 15.0 |
| ASTRAL LIMITED | 37,014 | 64.2 | 9.12 | 33.4 | 13.2 | 16.9 | 15.6 | 15.5 |
| GARWARE HI-TECH FILMS LTD | 16,546 | 42.7 | 6.23 | 32.9 | 12.7 | 16.4 | 16.5 | 30.3 |
| KINGFA SCI & TEC IND LTD. | 9,213 | 40.8 | 6.58 | — | 13.2 | 17.7 | — | 16.9 |
| FINOLEX INDUSTRIES LTD | 8,719 | 14.2 | 1.40 | 10.3 | 9.6 | 11.8 | 3.5 | 20.6 |
| TIME TECHNOPLAST LTD. | 8,051 | 15.8 | 1.93 | 9.1 | 11.4 | 14.0 | 15.2 | 13.3 |
| PRINCE PIPES FITTINGS LTD | 2,776 | 27.2 | 1.69 | — | 4.5 | 5.6 | — | 13.3 |
| APOLLO PIPES LIMITED | 2,132 | — | 2.39 | 28.3 | 0.5 | 1.0 | — | 1.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.3 | 14.2 | 24 of 46 | 49% |
| ROCE | 18.5 | 7.0 | 6 of 56 | 91% |
| Market cap | 161 | 122 | 23 of 55 | 59% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Reg.74(5) compliance certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · 16th AGM: All 6 resolutions passed with 99.98 percent votes in favour | board shareholder meetings | low | — | — |
| 29 Sept 2026 · B.D. Industries holds 16th AGM via video conference, tables six resolutions | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Aryaman Capital Markets buys 1.84% stake in B.D. Industries via open market | ownership changes | medium | — | — |
| 28 Sept 2026 · Trading Window Closure from Oct 1, 2026 for H2 Results | compliance | minimal | — | — |
| 5 Sept 2026 · Newspaper publication of 16th AGM notice | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report FY 2025-26 link sent to shareholders, 16th AGM on Sep 29 | compliance | minimal | — | — |
| 4 Sept 2026 · 16th AGM scheduled for September 29, 2026 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · B.D. Industries annual report FY26, 16th AGM notice on Sept 29 | investor communications | medium | — | — |
| 3 Sept 2026 · Notice of 16th Annual General Meeting via Video Conferencing | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.