BSE: 517246
BCC FUBA INDIA LTD.
Operates in a single business segment within India's IT hardware and computers equipment industry. Capital expenditure plans published in connection with the FY26 rights issue included an advanced inkjet printer, imported machinery, and a 500 KWP solar plant, indicating hardware manufacturing or assembly activity. Materials are the dominant cost at 61.7% of revenue, followed by employees at 12.4%, other operating expenses at 11.6%, and depreciation at 2.2%. Operating cash flow turned to Rs 927.41 lakhs in FY26, from negative Rs 8.65 lakhs in the prior year. The company holds a 51% subsidiary, 10Gems Technologies / Iogems Technologies, which reported a Rs 11.93 lakhs net loss in its first financial year. The board reallocated Rs 115.60 lakhs of rights issue proceeds around mid-2026, dropping certain imported machinery on US-Iran war cost concerns and upgrading planned solar plant capacity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Single reported segment (100%). Small-cap, single-segment IT hardware manufacturer
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 73 |
| EBITDA (ex other income) | 11 |
| margin % | 14.7 |
| Owners' profit | 6 |
| EPS, as reported (₹) | 3.12 |
| ROE % · ROCE % | 12.5 · 18.3 |
| Debt / equity (x) | 0.37 |
| Cash from operations | 10 |
| Capex | (10) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q4 FY26 | Q1 FY27 |
|---|---|---|
| Revenue | 23 | 25 |
| Profit before tax | 2 | 5 |
| Net profit | 2 | 4 |
| EPS (₹) | 0.87 | 1.99 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Printed Circuit Boards | 23 | 99.7 |
| Electronics Manufacturing Services | 0 | 0.3 |
| Total, before eliminations | 23 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GNG ELECTRONICS LIMITED | 8,254 | 58.6 | 10.87 | 42.9 | 17.4 | 18.7 | — | 12.8 |
| RASHI PERIPHERALS LIMITED | 5,299 | 16.6 | 2.60 | 12.4 | 13.9 | 18.0 | — | 3.4 |
| MOSCHIP TECHNOLOGIES LTD | 3,351 | 123.2 | 8.20 | 56.6 | 8.6 | 7.4 | 40.9 | 10.1 |
| NELCO LTD | 1,642 | 425.7 | 12.74 | 57.8 | 2.6 | 3.1 | 6.3 | 11.9 |
| D-LINK INDIA LTD | 1,475 | 13.7 | 2.92 | 9.7 | 20.6 | 27.2 | 16.6 | 8.6 |
| IVALUE INFOSOLUTIONS LTD | 1,167 | 11.2 | 2.06 | 7.4 | 17.3 | 21.9 | — | 13.4 |
| CONTROL PRINT LIMITED | 944 | 24.2 | 2.09 | 9.8 | 9.7 | 15.5 | 18.8 | 13.4 |
| BHARAT GLOBAL DEVELOPERS LIMIT | 791 | 289.4 | 4.16 | — | (0.1) | (0.1) | — | — |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 101.4 | 25.1 | 11 of 16 | 33% |
| P/B | 12.4 | 2.8 | 15 of 16 | 7% |
| ROCE | 16.0 | 14.9 | 8 of 19 | 61% |
| ROE | 12.5 | 9.1 | 6 of 16 | 67% |
| Debt / Equity | 0.4 | 0.1 | 11 of 16 | 33% |
| EBITDA margin | 23.8 | 8.8 | 1 of 13 | 100% |
| Market cap | 575 | 575 | 10 of 19 | 50% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Confirmation Certificate Under SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 11 Sept 2026 · Board approves forfeiture of 8,327 partly paid-up shares for unpaid call money | corporate actions | high | — | — |
| 11 Sept 2026 · Conversion of partly paid shares to fully paid after rights issue call money | corporate actions | medium | — | — |
| 1 Sept 2026 · 40th AGM: All 5 resolutions passed with near-unanimous support | board shareholder meetings | low | — | — |
| 1 Sept 2026 · AGM clears independent director continuation and CEO pay revision | management changes | medium | — | — |
| 1 Sept 2026 · BCC Fuba India 40th AGM held via VC, 5 resolutions voted | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Allotted 7 percent OCDs worth Rs 5 cr from subsidiary IOGEMS | fund raising | medium | — | — |
| 11 Aug 2026 · Newspaper publication of 40th AGM notice by BCC Fuba | compliance | minimal | — | — |
| 10 Aug 2026 · AGM Notice and Annual Report FY26 Sent to Non-Email Shareholders | 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.