BSE: 535279
BOTHRA METALS & ALLOYS LTD.
Imports and trades aluminium scrap, and manufactures aluminium billets, ingots, and profiles in India. The business sources aluminium scrap from overseas markets and sells into the domestic market, with its General Manager Pankaj Bothra having previously run an indenting business linking global aluminium scrap suppliers with Indian buyers. FY26 revenue from operations was ₹27.44 crore, up about 6.2% year-on-year, while profit after tax fell roughly 23.5% to ₹27.30 lakh. Materials — essentially aluminium scrap and metal inputs — make up 93.4% of revenue, with employee cost at 1.0% and other operating expenses at 1.8% of revenue. The company is listed on the BSE SME platform. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading of aluminium scrap, Manufacturing of aluminium products. Small BSE SME-listed aluminium scrap trader and billet/ingot/profile maker with very thin margins
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 29 | 26 | 27 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | (0.69) | 0.61 | 0.15 | 0.19 | 0.15 |
| ROE % · ROCE % | — · (6.8) | — · 0.2 | — · 7.4 | — · 6.2 | — · 4.9 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | 34 | 9 | 3 | 2 |
| Capex | — | — | — | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY22 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 12 | 16 | 7 | 19 | 10 | 17 |
| Profit before tax | (1) | (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | (0.52) | 0.47 | 0.10 | 0.06 | 0.14 | 0.05 | 0.00 | 0.15 |
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. % |
|---|---|---|---|---|---|---|---|---|
| HINDALCO INDUSTRIES LTD | 1,98,413 | 12.1 | 1.45 | 9.1 | 9.8 | 8.0 | — | 15.0 |
| NATIONAL ALUMINIUM CO LTD | 59,415 | 8.8 | 2.75 | 6.9 | 26.8 | 33.3 | 14.8 | 54.3 |
| ARFIN INDIA LIMITED | 1,468 | 79.8 | 8.62 | 33.9 | 9.1 | 12.0 | — | 4.9 |
| MMP INDUSTRIES LIMITED | 1,143 | 22.8 | 3.30 | 23.4 | 8.9 | 7.7 | 29.0 | 9.0 |
| MAAN ALUMINIUM LIMITED | 539 | 35.9 | 1.96 | — | 4.7 | 6.1 | — | 3.1 |
| Msafe Equipments Limited | 518 | 24.4 | — | — | — | 27.4 | — | — |
| PG FOILS LTD. | 212 | — | 0.64 | — | (2.5) | (2.1) | — | (2.9) |
| MANAK ALUMINIUM CO. LTD. | 184 | 20.9 | 1.29 | — | 5.3 | 4.6 | — | 9.9 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.1 | 15.9 | 9 of 14 | 39% |
| ROCE | 1.6 | 8.0 | 13 of 15 | 14% |
| Revenue growth | 6.8 | 9.8 | 8 of 13 | 42% |
| Market cap | 12 | 184 | 15 of 15 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · RTA confirmation of dematerialisation for July-September 2026 quarter | compliance | minimal | — | — |
| 19 Oct 2026 · Routine compliance filing on dematerialisation confirmation for Q2 FY26 | compliance | minimal | — | — |
| 1 Oct 2026 · 25th AGM voting results - both resolutions passed unanimously | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 25th AGM held on 30 Sep 2026; ballot results by 1 Oct | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Record date set for 25th AGM on 30 September 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · 25th AGM notice on 30 Sep 2026 - adopts FY26 results, re-appoints MD | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Bothra Metals FY25-26 Annual Report: Revenue up 6 percent, PAT declines | compliance | low | — | — |
| 20 Jul 2026 · RTA certificate under SEBI Regulation 74(5) for Q1 FY27 | compliance | minimal | — | — |
| 29 May 2026 · Intimation of the Appointment of Mr. Pankaj Bothra as the Genral Manager of the Company. | management changes | medium | — | — |
| 29 May 2026 · Intimation of Appointment of Secretarial Auditor of the Company for the financial year 2025-2026. | management changes | 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.