Operates as a downstream steel processor, converting semi-finished steel into cold-rolled coils, galvanized and galvalume coils and sheets, colour-coated coils, MS/GI pipes and tubes, and TMT rebars. Plants run from Jamshedpur, Howrah and Kolkata, with the legacy business moving from a conversion-only model to an integrated buy-and-sell model. FY26 CRM complex utilisation reached 70.9%, and pipes and tubes production rose to 201,000 MT from ~177,000 MT, with utilisation being lifted from 34% toward 60-65%. A greenfield downstream steel complex is being built at Bokaro spanning ~6 lakh tonnes per year across galvanizing, galvalume, ZAM and colour-coating lines, at a project cost of INR803 crore; phase-1 commissioning starts Q1 FY27 with the colour-coating line first, and full ramp-up is targeted by FY28. Materials, primarily raw steel, are the largest cost line at 41.5% of revenue, while FY26 revenue was INR665 crore at an EBITDA margin of 27.05%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cold rolling and coating (CRM), Pipes and tubes, Bokaro greenfield (under construction). Asset-heavy downstream steel processing, transitioning from conversion-only to integrated buy-and-sell
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 447 | 562 | 598 | 629 | 665 |
| EBITDA (ex other income) | 105 | 130 | 146 | 147 | 165 |
| margin % | 23.6 | 23.1 | 24.5 | 23.4 | 24.8 |
| Owners' profit | 35 | 54 | 64 | 75 | 81 |
| EPS, as reported (₹) | 1.55 | 2.42 | 2.83 | 3.33 | 3.59 |
| ROE % · ROCE % | 6.3 · 9.9 | 9.0 · 13.2 | 9.6 · 13.6 | 10.2 · 12.6 | 10.0 · 11.6 |
| Debt / equity (x) | 0.43 | 0.36 | 0.13 | 0.19 | 0.43 |
| Cash from operations | 64 | 126 | 268 | 125 | 83 |
| Capex | 0 | (64) | (124) | (121) | (285) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 150 | 148 | 157 | 149 | 145 | 162 | 209 | 166 |
| Profit before tax | 25 | 22 | 23 | 20 | 21 | 21 | 47 | 25 |
| Net profit | 18 | 17 | 18 | 15 | 15 | 18 | 33 | 19 |
| EPS (₹) | 0.79 | 0.76 | 0.78 | 0.67 | 0.67 | 0.78 | 1.47 | 0.85 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 21 Aug 2026 · AGM notice and annual report dispatch confirmed via newspaper publication | compliance | minimal | — | — |
| 20 Aug 2026 · BMW Industries Q1 FY27 call: PAT up 26%, reiterates FY28 growth targets | investor communications | medium | — | — |
| 19 Aug 2026 · Notice of 44th AGM on September 12, 2026 with dividend and capital changes | board shareholder meetings | low | — | — |
| 19 Aug 2026 · BMW Industries 44th AGM on Sept 12, 2026 via video conferencing; e-voting Sept 9 to 11 | compliance | minimal | — | — |
| 19 Aug 2026 · BMW Industries files FY26 Annual Report; revenue up 5.8% to INR 665 Cr | results | high | — | — |
| 19 Aug 2026 · Notice of 44th AGM on Sept 12, 2026; final dividend of Re 0.43 per share proposed | board shareholder meetings | low | — | — |
| 19 Aug 2026 · BMW Industries 44th AGM on Sep 12, 2026 via VC/OAVM; final dividend Rs 0.43 per share | compliance | minimal | — | — |
| 18 Aug 2026 · BMW Industries publishes Q1 FY27 financial results in newspapers | compliance | minimal | — | — |
| 18 Aug 2026 · Audio recording of Q1FY27 earnings call posted on company website | investor communications | medium | — | — |
| 11 Aug 2026 · BMW Industries Q1FY27 earnings call scheduled for 17 Aug 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.4 | 16.2 | 50 of 118 | 58% |
| P/B | 1.5 | 1.7 | 45 of 99 | 55% |
| ROCE | 9.9 | 8.7 | 54 of 120 | 56% |
| ROE | 10.1 | 8.6 | 49 of 114 | 58% |
| Debt / Equity | 0.4 | 0.1 | 88 of 114 | 23% |
| EBITDA margin | 26.7 | 11.0 | 15 of 100 | 86% |
| Revenue growth | 11.6 | 13.7 | 51 of 97 | 48% |
| Profit growth | 25.7 | 29.3 | 55 of 105 | 48% |
| Market cap | 1221 | 247 | 37 of 120 | 70% |
| 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 |
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.
