Operates as a small holding group with three lines of revenue: manufacturing carried out through its subsidiary Brady & Morris Engineering Company Limited, renting of office space at Brady House on Veer Nariman Road in Fort, Mumbai, and a small trading book. Consolidated FY26 revenue was ₹88.57 crore, of which the Manufacturing segment (run by Brady & Morris Engineering) contributed ₹17.46 crore on a YTD basis and drove a ~15% year-on-year rise in Q3 FY26 consolidated revenue. The Renting line (Leave & License) generated only ₹3.57 crore in FY26 YTD revenue but produced ₹3.13 crore in EBIT, reflecting a high-margin lease of the Fort property. Trading contributed ₹1.83 crore and was loss-making at the EBIT level. Materials are the single largest cost, accounting for 49.0% of revenue, followed by employee cost at 22.3% and other operating expenses at 25.6%; capex was 12.9% of revenue, partly because the company paid ₹9.77 crore to convert the 1,012.54 sqm Brady House land from leasehold to freehold in May 2026. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Manufacturing, Renting (Leave & License), Trading. Small, diversified industrial holding with manufacturing, commercial property rental and trading.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 59 | 74 | 89 | 105 | 89 |
| EBITDA (ex other income) | 7 | 9 | 11 | 32 | 5 |
| margin % | 12.6 | 12.7 | 12.6 | 30.4 | 5.9 |
| Owners' profit | 4 | 5 | 9 | 21 | 5 |
| EPS, as reported (₹) | 19.72 | 26.84 | 44.15 | 106.59 | 50.76 |
| ROE % · ROCE % | 10.4 · 13.4 | 12.5 · 16.2 | 16.8 · 21.6 | 28.5 · 32.7 | 6.4 · 8.2 |
| Debt / equity (x) | 0.12 | 0.11 | 0.08 | 0.11 | 0.08 |
| Cash from operations | 5 | 11 | 8 | (0) | 5 |
| Capex | (0) | (2) | (3) | (17) | (11) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24 | 27 | 23 | 30 | 24 | 17 | 27 | 21 |
| Profit before tax | 5 | 5 | 4 | 19 | 4 | 1 | 4 | (1) |
| Net profit | 4 | 4 | 3 | 16 | 3 | 1 | 3 | (0) |
| EPS (₹) | 14.41 | 15.46 | 12.61 | 64.11 | 10.26 | 4.44 | 11.46 | 1.56 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Renting (Leave & License) | 15 | 17.0 |
| Trading | 7 | 7.4 |
| Manufacturing | 73 | 82.5 |
| Total, before eliminations | 95 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INOX INDIA LIMITED | 20,354 | 79.9 | 18.21 | 53.0 | 23.1 | 30.0 | — | 23.4 |
| HBL ENGINEERING LTD |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Notice of 113th AGM scheduled on September 26, 2026 | compliance | minimal | — | — |
| 1 Sept 2026 · AGM notice and FY26 annual report link sent to members | compliance | minimal | — | — |
| 31 Aug 2026 · Annual Report FY2025-26 and 113th AGM Notice filed | compliance | low | — | — |
| 31 Aug 2026 · Notice of 113th AGM on September 26, 2026 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · AGM notice: Members asked to update email and KYC details | compliance | minimal | — | — |
| 17 Aug 2026 · W H Brady publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 13 Aug 2026 · W.H. Brady updates KMP contact details for materiality disclosures | compliance | minimal | — | — |
| 30 Jul 2026 · Board Meeting on Aug 13, 2026 to consider Q1 FY27 results | results | low | — | — |
| 14 Jul 2026 · RTA certificate under SEBI Reg 74(5) for quarter ended June 2026 | compliance | minimal | — | — |
| 25 Jun 2026 · Trading window closed for Q1 FY26 results consideration | compliance | minimal | — | — |
| 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 |
| 19,890 |
| 21.5 |
| 8.99 |
| 17.0 |
| 36.8 |
| 45.3 |
| 29.4 |
| 26.2 |
| ESAB INDIA LTD | 9,101 | 41.0 | 21.20 | — | 48.1 | 60.4 | — | 19.2 |
| SUBROS LIMITED | 4,581 | 27.5 | 3.68 | 13.0 | 13.3 | 16.0 | 15.9 | 8.4 |
| W P I L LTD. | 4,268 | 27.0 | 2.17 | 12.1 | 10.2 | 13.1 | 13.3 | 17.7 |
| HARSHA ENGINEERS INT LTD | 4,060 | 26.3 | 2.90 | 15.8 | 11.1 | 13.2 | — | 15.9 |
| ADOR WELDING LTD | 2,802 | 24.7 | 5.05 | 20.2 | 14.8 | 19.9 | 20.6 | 13.8 |
| DIFFUSION ENGINEERS LTD | 1,686 | 30.7 | 4.16 | 22.6 | 12.4 | 15.2 | — | 16.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.3 | 17.3 | 15 of 29 | 50% |
| P/B | 1.2 | 2.5 | 6 of 24 | 78% |
| ROCE | 7.1 | 12.3 | 20 of 31 | 37% |
| ROE | 6.4 | 10.3 | 16 of 24 | 35% |
| Debt / Equity | 0.1 | 0.2 | 11 of 24 | 57% |
| EBITDA margin | 0.7 | 10.8 | 22 of 23 | 5% |
| Revenue growth | (30.3) | (5.5) | 20 of 23 | 14% |
| Profit growth | (101.2) | (5.0) | 19 of 23 | 18% |
| Market cap | 123 | 108 | 15 of 31 | 53% |
| 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.
