Current/ Expected Orderbook/ Pending Orders?

As of December 2025, Batliboi Limited's order backlog stood at approximately INR 586 crores. The machine tool division has an order backlog of about INR 142 crores, representing nearly 24% of the company's overall backlog. The Environmental Engineering division has a healthy order backlog of about INR 98 crores. The company expects to close FY 2026 with an order book between INR 800 crores to INR 1,000 crores. Orders are considered confirmed only when backed by advances or confirmed Letters of Credit (LCs); Letters of Intent (LOIs) are not recognized as confirmed orders. Robust order inflows c

Any current/future new fundraising through debt or equity?

Currently, there are **no immediate plans for equity dilution**; the promoters hold about 73% equity. Equity dilution may be considered **only if there are interesting acquisition proposals** aligned with the business and adding value. There are **no concrete acquisition proposals yet**, but the company is actively exploring opportunities. Regarding debt, the company currently has **cash credit facilities and promoter debt (about INR 40 crores)** with no major plans to take on substantial new debt. Future debt will be **marginal and primarily non-fund based limits** to support growth in the en

Any current/future capex/capital investment/strategic investment?

Batliboi has incurred a cumulative Capex of INR 27 crores over the last three quarters of FY 2026. An additional Capex of around INR 10 crores is planned for FY 2026, including a rooftop solar installation of approximately 1 megawatt. The solar installation is expected to commission by end of March, aimed at making the Surat factory more or less revenue-neutral on energy costs. There is ongoing investment to ramp up production at the machine tool manufacturing facility. The capital expenditure at the Surat plant is expected to fully kick in from next financial year, improving performance. No i

Future growth expectations in sales/revenue/volumes?

Batliboi expects improved growth in FY 2027 compared to FY 2026, with prospects boosted by the Indo-EU and Indo-US trade agreements. Current guidance for FY 2026 revenue growth is 7% to 9%, down from earlier 10-12% due to textile industry challenges. Chairman and management emphasize a "new ballgame" by FY 2027 with more robust growth, especially as textile industry issues resolve. Order book is strong, approximately INR 800-1000 crores confirmed orders, providing good visibility for next year's revenues. Growth expected from diversified segments: machine tools (robust, with increased producti

Future growth expectations in earnings/operating earnings/profits/EPS?

Batliboi expects improved margins and volumes in FY27 as textile industry challenges ease and trade agreements (Indo-EU, Indo-US) positively impact business. Management anticipates revenue growth guidance for FY27 to be higher than FY26's 7-9%, driven by a robust order book and market opportunities. Margins expected to improve modestly, driven by increased in-house manufacturing and capital expenditure at Surat plant; however, a dramatic margin jump is unlikely short-term. New zero liquid discharge subsidiary targets growth through textile and non-textile sectors, aligning with environmental r

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Batliboi LtdQ4 FY27Industrial Manufacturing

Batliboi Ltd Q4 FY27 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹84.8P/E: 33.3Market Cap: ₹388 CrSector: Industrial Manufacturing

Management growth scorecard

Revenue

Category 4

Margin

Category 2

Fundraise

Order

Yes

Capex

Yes

2 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 4

→Batliboi expects improved growth in FY 2027 compared to FY 2026, with prospects boosted by the Indo-EU and Indo-US trade agreements.
→Current guidance for FY 2026 revenue growth is 7% to 9%, down from earlier 10-12% due to textile industry challenges.
→Chairman and management emphasize a "new ballgame" by FY 2027 with more robust growth, especially as textile industry issues resolve.
→Order book is strong, approximately INR 800-1000 crores confirmed orders, providing good visibility for next year's revenues.
→Growth expected from diversified segments: machine tools (robust, with increased production capacity), textile machinery (expected to rebound), air engineering, environmental engineering (notably zero liquid discharge solutions).
→Plans to expand into non-textile businesses and international markets (Middle East, Bangladesh).
→Capital expenditures at Surat plant and energy cost reduction initiatives (solar power) to support volume and margin growth.
→Formal growth guidance update expected after Q4 FY 2026 results.

Margin guidance

Category 2

→Batliboi expects improved margins and volumes in FY27 as textile industry challenges ease and trade agreements (Indo-EU, Indo-US) positively impact business.
→Management anticipates revenue growth guidance for FY27 to be higher than FY26's 7-9%, driven by a robust order book and market opportunities.
→Margins expected to improve modestly, driven by increased in-house manufacturing and capital expenditure at Surat plant; however, a dramatic margin jump is unlikely short-term.
→New zero liquid discharge subsidiary targets growth through textile and non-textile sectors, aligning with environmental regulations boosting future earnings.
→The Canadian subsidiary shows steady revenue and profit, contributing to overall profitability.
→Capital expenditure on energy-saving projects like solar installation will reduce operating costs, improving earnings sustainability.
→Formal guidance on margins and earnings will be provided post-Q4 FY26 results, reflecting trade agreement impacts.

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Fundraise plans

→Currently, there are **no immediate plans for equity dilution**; the promoters hold about 73% equity.
→Equity dilution may be considered **only if there are interesting acquisition proposals** aligned with the business and adding value.
→There are **no concrete acquisition proposals yet**, but the company is actively exploring opportunities.
→Regarding debt, the company currently has **cash credit facilities and promoter debt (about INR 40 crores)** with no major plans to take on substantial new debt.
→Future debt will be **marginal and primarily non-fund based limits** to support growth in the environmental engineering business.

Order book

Yes

→As of December 2025, Batliboi Limited's order backlog stood at approximately INR 586 crores.
→The machine tool division has an order backlog of about INR 142 crores, representing nearly 24% of the company's overall backlog.
→The Environmental Engineering division has a healthy order backlog of about INR 98 crores.
→The company expects to close FY 2026 with an order book between INR 800 crores to INR 1,000 crores.
→Orders are considered confirmed only when backed by advances or confirmed Letters of Credit (LCs); Letters of Intent (LOIs) are not recognized as confirmed orders.
→Robust order inflows continue, despite industry challenges, underpinning confidence for sustained growth in the coming quarters.

Capex plans

Yes

→Batliboi has incurred a cumulative Capex of INR 27 crores over the last three quarters of FY 2026.
→An additional Capex of around INR 10 crores is planned for FY 2026, including a rooftop solar installation of approximately 1 megawatt.
→The solar installation is expected to commission by end of March, aimed at making the Surat factory more or less revenue-neutral on energy costs.
→There is ongoing investment to ramp up production at the machine tool manufacturing facility.
→The capital expenditure at the Surat plant is expected to fully kick in from next financial year, improving performance.
→No immediate plans for further equity dilution unless attractive and complementary acquisition proposals arise; INR 15 crores from fundraising earmarked for acquisitions.
→Focus on acquiring businesses that complement their existing portfolio.
→No additional solar or wind capacity planned beyond current projects, but solar investment ongoing.

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