BMW Industries (BSE: BMW) had a P/E of 13.4× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are 23% below their 52-week high. It earns ROCE of 12% and ROE of 11%, and sales and net profit grew 6.3% and 14% a year over 3 years. Its dividend yield is 0.8%, and debt is 0.71× equity. It is a small-cap company with a market cap of ₹1,135 Cr, ranked 53rd of 150 Steel companies by market cap; the shares rose 21% over the past year.
- ₹52.34
- ₹52.34
- ₹50.25
- ₹51.33
- 48.8K
Health check
- ReturnsIn line
+20.7% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 13.4 vs industry 19.9.
- GrowthSteady
Sales +6.3%, profit +14.2% a year over 3 years.
- ProfitabilityWeak
ROCE 11.6% vs peer median 18.7%.
- Balance sheetFair
Debt 0.71× equity, interest covered 6.8×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,135 Cr
- Small cap
- P/E
- 13.4
- Industry 19.9
- Price to book
- 1.36
- Peers 2.28
- Dividend yield
- 0.85%
- ROE
- 11.5%
- Peers 23.4%
- ROCE
- 11.6%
- Peers 18.7%
- Debt to equity
- 0.71
- Debt ₹590 Cr
- EPS (TTM)
- ₹3.77
- OPM (TTM)
- 24.4%
- Net margin 12.4%
- Sales growth
- +11.6%
- Latest quarter vs a year ago
- Profit growth
- +25.8%
- Latest quarter vs a year ago
- Price to sales
- 1.54
- EV/EBITDA 9.4
Strengths and risks
Strengths
- Quarterly profit up 25.8% on a year ago.
- P/E of 13.4 against an industry P/E of 19.9.
- Positive operating cash flow in each of the last 4 years.
About BMW Industries
BMW Industries Ltd. manufactures, processes, and sells steel products in India. The company offers steel long products, including bars, rods, and wires comprising rebars, wire rods, steel beams, and pipes used in concrete reinforcement, rail tracks, and structural frameworks. It also provides flat steel products, such as hot-rolled coils, cold-rolled sheets, and steel plates, as well as slit coils used in roofing, cladding, shipbuilding, and automotive…
- Headquarters
- Kolkata
- Employees
- 686
- Sector
- Basic Materials
- ISIN
- INE374E01021
- Website
- bmwil.co.in
Price range
- Avg volume (3M)
- 1.7 L
- 1-year return
- plus 20.7%
- From 52-week high
- minus 22.7%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| BMWBMW Industries | 50.42 | minus 1.77% | 1,135 | 13.4 | 9.0 | 11.6% | 24.4% | 0.46 | 6.3% | plus 20.7% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 149 | 145 | 162 | 209 | 166 | |
| 117 | 108 | 124 | 152 | 132 | |
| 31.4 | 36.9 | 38.5 | 57.7 | 33.7 | |
| 21.2% | 25.5% | 23.8% | 27.5% | 20.3% | |
| 4.9 | 2.1 | 1.6 | 6.2 | 10.7 | |
| 3.6 | 4.8 | 4.7 | 5.2 | 5.5 | |
| 12.6 | 13.5 | 14.3 | 11.8 | 13.9 | |
| 20.1 | 20.7 | 21.1 | 46.9 | 25 | |
| 24.6% | 27.3% | 16.8% | 29.6% | 23.8% | |
| 15.2 | 15.1 | 17.6 | 33.2 | 19.1 | |
| 0.67 | 0.67 | 0.78 | 1.47 | 0.85 |
Profit & loss
- Sales CAGR 3Y
- +6.3%
- Profit CAGR 3Y
- +14.2%
- EPS CAGR 3Y
- +14.2%
- ROE
- 11.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 509 | 534 | 590 | 610 | |
| – | +5.0% | +10.4% | +3.5% | |
| 376 | 377 | 440 | 445 | |
| 133 | 157 | 150 | 166 | |
| 26.2% | 29.4% | 25.5% | 27.1% | |
| 4.2 | 3.5 | 6.1 | 9.6 | |
| 24 | 19.8 | 14.3 | 18.9 | |
| 39.7 | 44.5 | 44.1 | 52.3 | |
| 1.3 | −10.1 | 1.9 | 4.6 | |
| 75.1 | 86.3 | 99.8 | 109 | |
| 27.5% | 26.1% | 25.0% | 25.7% | |
| 54.5 | 63.7 | 75 | 81.1 | |
| – | +17.0% | +17.7% | +8.1% | |
| 2.42 | 2.83 | 3.33 | 3.60 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.5 | 22.5 | 22.5 | 22.5 | |
| 580 | 639 | 709 | 781 | |
| 238 | 106 | 183 | 368 | |
| 121 | 113 | 101 | 119 | |
| 961 | 880 | 1,016 | 1,291 | |
| 555 | 633 | 704 | 945 | |
| 102 | 142 | 85.5 | 309 | |
| 3.3 | 4.3 | – | 0 | |
| 7.6 | 6.2 | 41.2 | 4.6 | |
| 293 | 94.9 | 185 | 32.3 | |
| 961 | 880 | 1,016 | 1,291 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 126 | 268 | 125 | 83.2 | |
| −57.1 | −112 | −150 | −233 | |
| −61.9 | −157 | 20.6 | 153 | |
| 6.7 | −1.4 | −4.1 | 2.4 | |
| −64 | −124 | −121 | −285 | |
| 61.7 | 144 | 4 | −202 | |
| −4.8 | −5 | −4.7 | −9.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.