Bhadora Industries Q4 FY26 Share Price & Earnings Call Analysis

₹114.00+0.00% today
Market cap
₹212 Cr
P/E
22.02
ROE
18.77%
PEG
0.08
Price to sales
1.70
Debt to equity
0.22
52W high / low
₹155 / ₹50.2
EBITDA margin
13.04%
Net profit margin
7.71%
Promoter holding
65.59%
Sales (last year)
₹125 Cr

Incorporated in April 1986, Bhadora Industries Limited manufactures industrial cables for electricity transmission and distribution.[1]

Guidance scorecard · Q4 FY26 call

What Bhadora Industries's management guided
and where it ranks in Industrial Products

#68of 100 in
Industrial Products

RevenueQ4 FY26 call

20–40%
  • Bhadora Industries targets revenue of INR 200-225 crores for FY27, with growth driven by new plant operational from October 2026.
  • Phase 1 expansion expected to generate 3.5x to 4x revenue compared to the existing unit.
  • Utilization of around 15-20% of new facility capacity anticipated in FY27, contributing approximately INR 80 crores incremental revenue.
  • Phase 2 expansion planned for mid-2027, with capex of INR 75-80 crores, expected to add INR 400-450 crores revenue.
  • Phase 3 planned post-Phase 2, with INR 150 crores capex, enabling manufacturing up to 220kV cables.
  • By 2030, full utilization of Phase 1 and 2 capacity expected, with Phase 3 underway.

2 more points from Bhadora Industries's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what Bhadora Industries said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • Bhadora Industries is undertaking a three-phase capacity expansion on a 15-acre land, significantly increasing manufacturing capabilities.
  • Phase 1: Capex of INR 75-80 crores; new plant operational by October 2026, expected to generate INR 200-225 crores revenue in FY27 and 3.5x-4x existing unit's sales potential.
  • Phase 2: Planned to start mid-2027 with a capex of INR 75-80 crores; focused on manufacturing cables up to 66kV; expected to add INR 400-450 crores revenue.
  • Phase 3: Planned post-Phase 2 with a capex around INR 150 crores, manufacturing cables up to 220kV.
  • Funding: Phase 1 partially funded by a sanctioned INR 40 crore term loan; subsequent phases expected to be primarily debt-funded, with potential equity raises based on circumstances.

2 more points from Bhadora Industries's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

Planned

See what Bhadora Industries said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising
  • Current order book: Over INR 100 crores.
  • The company is not taking orders requiring immediate delivery as existing plant is booked till October-November.
  • Tender pipeline: Filled tenders worth close to INR 500 crores.
  • Based on historical win rates of 8-10%, expected to secure INR 50-60 crores more orders in next 4-5 months.

2 more points from Bhadora Industries's call on the order book

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Full Q4 FY26 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. 3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

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Financials of Bhadora Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Bhadora Industries

Quarterly Results

Quarter-by-quarter operating performance

No quarterly results data available for this company yet.

Financials of Bhadora Industries

Profit & Loss

Annual income statement trend

Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +151881110111
Expenses +1417749395
Operating Profit1171716
OPM %4%6%9%16%14%
Other Income +10211
Interest11233
Depreciation00001
Profit before tax-0071413
Tax %75%17%26%26%
Net Profit +-0051110
EPS in Rs-0.361.0930.068.176.94
Dividend Payout %0%0%0%0%

Financials of Bhadora Industries

Balance Sheet

Capital structure and asset base

Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital2221319
Reserves348857
Borrowings +111092010
Other Liabilities +15689
Total Liabilities1720264994
Fixed Assets +22296
CWIP00001
Investments10000
Other Assets +1518244087
Total Assets1720264994

Financials of Bhadora Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +1132
Cash from Investing Activity +-11-0-7
Cash from Financing Activity +0-2-27
Net Cash Flow0-002
Free Cash Flow112-5
CFO/OP221%112%64%35%

Financials of Bhadora Industries

Ratios

Working capital efficiency and return ratios

Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days60915572
Inventory Days2942274543
Days Payable151002618
Cash Conversion Cycle3392187597
Working Capital Days86893336
ROCE %8%50%57%

What Bhadora Industries's management said in earlier quarters

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