BMW Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,078 Cr
- P/E
- 12.67
- ROE
- 10.57%
- PEG
- 0.77
- Price to sales
- 1.58
- Debt to equity
- 0.46
- 52W high / low
- ₹63.3 / ₹26.7
- Sales growth (5Y)
- 10.84%
- EBITDA margin
- 24.48%
- Net profit margin
- 12.14%
- Promoter holding
- 74.36%
- Sales (last year)
- ₹683 Cr
BMW Industries Ltd is primarily engaged in manufacturing, processing and selling of steel products consisting of engineering and other products and services related to the same. [1]
Guidance scorecard · Q1 FY27 call
What BMW Industries Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ1 FY27 call
40%+- BMW Industries targets approximately 70% to 75% consolidated revenue CAGR over FY25 to FY28.
- The company expects operating EBITDA and PAT to grow at CAGRs of 40%-45% and 35%-40%, respectively, by FY28.
- Revenue is anticipated to grow from around INR166 crores in Q1 FY27, with significant ramp-up from commissioned color-coated segment and upcoming cold rolling and Galvalume lines.
- Stable state utilization of pipes and tubes capacity expected at 65%-70% by FY29.
2 more points from BMW Industries Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what BMW Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- BMW Industries is completing a large expansion, specifically the new downstream capacities at the greenfield Bokaro plant, with commissioning starting Q2 FY27.
- The company added about 0.5 million tons of capacity for pipes and tubes over the last 3 years, expected to ramp utilization to 65%-70% by FY29.
- Plans include commissioning color-coated segment in Q2 FY27, followed by cold rolling and Galvalume lines, gradually ramping up by FY28.
- Total capital deployed for expansions is INR 341.6 crores, including INR 202.4 crores in long-term borrowings for Bokaro.
2 more points from BMW Industries Ltd's call on capex
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FundraisingQ1 FY27 call
See what BMW Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what BMW Industries Ltd said on the order book →
Full Q1 FY27 analysisRanges 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
- Strong growth2
- Strong growth1
- Strong growth3
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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
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | BMW IndustriesThis stock | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingBMW Industries Ltd announcements
All announcements →- Capex / expansionNotableBMW Industries Limited commissions Colour Coating Line at Bokaro complex
Financials of BMW Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of BMW Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 135 | 158 | 159 | 144 | 137 | 174 | 150 | 148 | 157 | 149 | 145 | 162 | 210 |
| Expenses + | 107 | 121 | 120 | 112 | 98 | 131 | 115 | 111 | 124 | 117 | 108 | 123 | 152 |
| Operating Profit | 29 | 37 | 39 | 32 | 39 | 42 | 35 | 36 | 34 | 31 | 37 | 39 | 58 |
| OPM % | 21% | 23% | 24% | 22% | 28% | 24% | 23% | 24% | 21% | 21% | 25% | 24% | 28% |
| Other Income + | 4 | 1 | 2 | 1 | 0 | 2 | 3 | 1 | 4 | 5 | 2 | 2 | 6 |
| Interest | 6 | 6 | 5 | 5 | 4 | 4 | 4 | 4 | 2 | 4 | 5 | 5 | 5 |
| Depreciation | 1 | 11 | 11 | 13 | 10 | 11 | 9 | 11 | 13 | 13 | 13 | 14 | 12 |
| Profit before tax | 25 | 21 | 25 | 16 | 25 | 29 | 25 | 22 | 23 | 20 | 21 | 21 | 47 |
| Tax % | 37% | 27% | 28% | 26% | 24% | 25% | 29% | 23% | 24% | 25% | 27% | 17% | 30% |
| Net Profit + | 16 | 16 | 18 | 12 | 19 | 22 | 18 | 17 | 18 | 15 | 15 | 18 | 33 |
| EPS in Rs | 0.72 | 0.69 | 0.79 | 0.51 | 0.85 | 0.99 | 0.79 | 0.77 | 0.78 | 0.68 | 0.67 | 0.78 | 1.47 |
Financials of BMW Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 674 | 779 | 948 | 829 | 615 | 398 | 447 | 562 | 598 | 629 | 665 |
| Expenses + | 557 | 655 | 797 | 688 | 505 | 302 | 342 | 433 | 452 | 480 | 500 |
| Operating Profit | 117 | 124 | 151 | 141 | 110 | 95 | 105 | 130 | 146 | 148 | 165 |
| OPM % | 17% | 16% | 16% | 17% | 18% | 24% | 24% | 23% | 24% | 24% | 25% |
| Other Income + | 2 | 7 | 16 | 27 | 15 | -228 | 13 | 9 | 4 | 9 | 15 |
| Interest | 47 | 44 | 47 | 56 | 46 | 29 | 23 | 24 | 20 | 13 | 19 |
| Depreciation | 33 | 44 | 48 | 47 | 47 | 53 | 49 | 40 | 45 | 44 | 52 |
| Profit before tax | 39 | 43 | 72 | 65 | 32 | -215 | 46 | 75 | 86 | 100 | 109 |
| Tax % | 14% | 22% | 29% | 35% | 31% | -18% | 24% | 27% | 26% | 25% | 26% |
| Net Profit + | 33 | 34 | 51 | 42 | 22 | -175 | 35 | 54 | 64 | 75 | 81 |
| EPS in Rs | 15.03 | 1.50 | 2.28 | 1.85 | 0.97 | -7.80 | 1.53 | 2.42 | 2.83 | 3.33 | 3.60 |
| Dividend Payout % | 0% | 0% | 0% | 1% | 0% | 0% | 1% | 8% | 15% | 13% | 12% |
Financials of BMW Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 536 | 534 | 594 | 635 | 672 | 497 | 531 | 580 | 639 | 709 | 781 |
| Borrowings + | 569 | 473 | 428 | 372 | 306 | 279 | 256 | 238 | 106 | 162 | 368 |
| Other Liabilities + | 81 | 127 | 154 | 161 | 131 | 97 | 91 | 116 | 109 | 122 | 119 |
| Total Liabilities | 1,208 | 1,157 | 1,199 | 1,190 | 1,131 | 895 | 900 | 956 | 875 | 1,015 | 1,291 |
| Fixed Assets + | 564 | 547 | 516 | 483 | 522 | 450 | 432 | 464 | 502 | 629 | 648 |
| CWIP | 24 | 35 | 21 | 23 | 32 | 37 | 35 | 24 | 92 | 55 | 196 |
| Investments | 87 | 85 | 79 | 77 | 70 | 22 | 15 | 0 | 0 | 39 | 0 |
| Other Assets + | 533 | 489 | 583 | 608 | 506 | 386 | 418 | 467 | 281 | 292 | 446 |
| Total Assets | 1,208 | 1,157 | 1,199 | 1,190 | 1,131 | 895 | 900 | 956 | 875 | 1,015 | 1,291 |
Financials of BMW Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 103 | 146 | 92 | 109 | 128 | 123 | 64 | 126 | 268 | 108 | 83 |
| Cash from Investing Activity + | -30 | -47 | -1 | 9 | -6 | -66 | -20 | -57 | -112 | -149 | -233 |
| Cash from Financing Activity + | -74 | -99 | -92 | -114 | -122 | -62 | -44 | -62 | -157 | 37 | 153 |
| Net Cash Flow | -1 | 1 | -1 | 4 | 0 | -4 | 0 | 7 | -1 | -4 | 2 |
| Free Cash Flow | 73 | 100 | 90 | 94 | 110 | 52 | 39 | 66 | 145 | -12 | -198 |
| CFO/OP | 90% | 126% | 66% | 88% | 128% | 137% | 68% | 106% | 199% | 86% | 62% |
Financials of BMW Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 106 | 86 | 83 | 93 | 82 | 94 | 90 | 84 | 38 | 47 | 82 |
| Inventory Days | 153 | 134 | 136 | 160 | 246 | 274 | 321 | 226 | 134 | 94 | 89 |
| Days Payable | 27 | 20 | 39 | 31 | 30 | 99 | 36 | 41 | 35 | 32 | 29 |
| Cash Conversion Cycle | 232 | 200 | 180 | 223 | 298 | 270 | 375 | 268 | 136 | 110 | 142 |
| Working Capital Days | 94 | 61 | 73 | 85 | 89 | 60 | 95 | 89 | 57 | 61 | 56 |
| ROCE % | 8% | 11% | 12% | 8% | 6% | 8% | 12% | 13% | 13% | 12% |
Guidance history
How BMW Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | — |
| Q3 FY26 call → | 40%+ | Down 0–2% | Planned | Planned | — |
| Q2 FY26 call → | 40%+ | Down 0–2% | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
35 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +9.4% | 69% |
| Last 6 months | +14.1% | 72% |
| Last 3 months | +0.2% | 68% |
The price is 42% below its all-time high of ₹82.67 (20 Jan 2024). Stocks more than 20% below their peak have their score halved, so 70 became 35.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For BMW Industries Ltd: 0.4 × 69 + 0.4 × 72 + 0.2 × 68 = 70, halved to 35 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What BMW Industries Ltd's management said in earlier quarters
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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