NSE: BATLIBOI · BSE: 522004
BATLIBOI LTD.
Manufactures industrial machinery across multiple divisions serving India's capital goods sector. The Machine Tools division makes CNC machines for industrial manufacturers. The Textile Machinery division booked INR 435 crores in FY26 orders and held an INR 238 crores backlog. Quickmill Canada, a textile-machinery subsidiary, is insulated from US tariffs via USMCA and delivered a robust FY26. The Air Engineering division recorded INR 57 crores in FY26 revenue, while the Environmental Engineering Group (EEG) designs and commissions pollution control systems such as PEX units for solar cell manufacturers and process industries — Environmental Engineering posted roughly INR 35 crores in Q4 revenue. Bioconserve Renewables, in its first year of operations, sells zero-liquid-discharge solutions to textile plants. Penta Automation Systems was acquired in July 2026, bringing industrial automation and robotics customers such as SKF, Schaeffler and Siemens. FY26 revenue was INR 440.432 crores at a 4.589% EBITDA margin, with materials costing 34.5% of revenue and employees 17.6%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Machine Tools, Textile Machinery, Quickmill Canada, Air Engineering, Environmental Engineering (EEG), Bioconserve Renewables, Penta Automation (acquired July 2026). Diversified, project-driven industrial machinery and engineering group with multiple niche segments.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 197 | 254 | 286 | 413 | 440 |
| EBITDA (ex other income) | 8 | 16 | 17 | 22 | 14 |
| margin % | 3.8 | 6.3 | 5.8 | 5.4 | 3.1 |
| Owners' profit | (5) | 11 | 9 | 13 | 7 |
| EPS, as reported (₹) | (1.64) | 3.67 | 3.16 | 2.88 | 1.39 |
| ROE % · ROCE % | (3.7) · 3.1 | 7.8 · 7.4 | 6.3 · 8.2 | 6.0 · 7.6 | 2.8 · 4.2 |
| Debt / equity (x) | 0.58 | 0.54 | 0.53 | 0.36 | 0.35 |
| Cash from operations | 20 | 1 | 7 | 2 | 24 |
| Capex | (3) | (2) | (5) | (16) | (17) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73 | 75 | 72 | 119 | 70 | 121 | 124 | 126 |
| Profit before tax | 4 | 5 | 2 | 6 | (3) | 8 | (3) | 5 |
| Net profit | 3 | 4 | 1 | 5 | (2) | 6 | (2) | 5 |
| EPS (₹) | 0.84 | 1.16 | 0.18 | 1.16 | (0.53) | 1.30 | 0.80 | 1.00 |
Exhibit 3: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.2 | 28.5 | 85 of 139 | 39% |
| P/B | 1.9 | 3.2 | 43 of 120 | 65% |
| ROCE | 2.4 | 11.2 | 124 of 151 | 18% |
| ROE | 2.8 | 9.5 | 99 of 121 | 18% |
| Debt / Equity | 0.3 | 0.2 | 84 of 121 | 31% |
| EBITDA margin | 6.8 | 12.6 | 93 of 117 | 21% |
| Revenue growth | 5.5 | 19.5 | 81 of 122 | 34% |
| Profit growth | (13.5) | 17.1 | 75 of 117 | 36% |
| Market cap | 450 | 354 | 70 of 150 | 54% |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Board okays preferential issue to promoter, converts Rs 15 cr loan and preference shares | fund raising | high | — | — |
| 7 Oct 2026 · Board okays preferential shares to promoter, new independent director | management changes | medium | — | — |
| 7 Oct 2026 · Board OKs ESOP allotment, promoter loan-to-equity conversion, new independent director | fund raising | high | — | — |
| 7 Oct 2026 · Preferential issue to promoter via loan and preference share conversion | fund raising | high | — | — |
| 3 Oct 2026 · Board to consider promoter loan and preference share conversion into equity on Oct 7 | fund raising | high | — | — |
| 29 Sept 2026 · Please find intimation for Closure of Trading Window | compliance | minimal | — | — |
| 2 Sept 2026 · Batliboi signs MOU to sell Surat property classified as held for sale | strategic transactions | medium | — | — |
| 14 Aug 2026 · Batliboi Q1FY27 earnings call transcript: revenue up 80% YoY | investor communications | medium | — | — |
| 11 Aug 2026 · Audio recording of Q1 FY27 earnings call uploaded on website | investor communications | low | — | — |
| 11 Aug 2026 · AGM 2026: All 4 resolutions approved; final dividend of Rs 0.60 per share declared | compliance | low | — | — |
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.