BULBULOGLU VINC SANAYI VE TICARET A.S.

BULBULOGLU VINC SANAYI VE TICARET A.S.

BBIST:BVSAN
57.00
TRY
-0.35
(-0.61%)
-0.84EPS
4.42BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.24
7.33
13.44
52.71
81.46
95.46
83.79
84.75
Basic EPS, GAAP
0.14
0.18
0.77
1.7
9.46
13.23
4.84
-0.65
Free Cash Flow per Basic Share
-0.47
1.37
3.38
-1.47
-18.14
-11.36
-14.02
-6.2
Dividend per Share
- -
- -
- -
- -
- -
- -
0.88
- -
Book Value per Share
0.87
1.01
1.66
14.8
39.98
64.47
65.53
68.5
Tangible Book Value per Share
0.87
0.78
1.64
13.65
39.19
61.77
63.63
67.87
Basic Weighted Avg Shares
38
38
38
38
38
38
38
39
Sales/Revenue/Turnover
272
276
505
1,982
3,063
3,589
3,150
3,282
Operating Margin (%)
4.01
6.36
10.59
13.55
15.55
12.61
15.29
10.46
Depreciation Expense
- -
- -
7
26
47
82
85
94
Net Income, GAAP
5
7
29
64
356
497
182
-25
Effective Tax Rate (%)
3.41
- -
- -
64.71
8.23
- -
67.57
106.83
Profit Margin (%)
1.95
2.41
5.75
3.22
11.62
13.86
5.78
-0.77
Working Capital
9
-35
15
179
549
319
1,065
783
LT Debt
30
15
4
1
18
- -
381
69
Total Equity
33
47
71
613
1,626
2,614
2,593
2,718
Return on Invested Capital (%)
- -
- -
- -
14.1
18.32
- -
4.9
-0.64
Return on Capital (%)
- -
- -
- -
15.77
27.48
- -
6.69
-0.88
Return on Common Equity (%)
- -
18.8
57.98
20.6
34.55
25.33
7.45
-1.05

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
338
573
743
LT Borrowings
381
67
66
LT Finance Leases
- -
- -
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
38
38
Market Capitalization
3,798
3,971
4,418

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,368
2,702
3,585
Cash, Cash Equivalents & STI
224
316
344
Accounts Receivable, Net
720
595
542
Inventories
816
1,153
1,872
Total Current Liabilities
1,303
2,015
2,802
Payables & Accruals
- -
- -
- -
ST Debt
338
573
743
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
207.94%
-0.8%
Free Cash Flow
- -
224.69%
23.38%
Net Income, GAAP
- -
178.22%
-63.4%
Sales/Revenue/Turnover
- -
87.02%
-12.23%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
646
379
1,711
184
3,589
2025
276
839
712
1,592
3,150
2026
457
521
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.94
1.56
2.87
5
13.23
2025
2.6
2.41
0.73
0.58
4.84
2026
-3.44
1.3
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.88
2026
- -
- -
- -
- -
- -

Company Description

Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
Ankara Turkey
IPO Date
Feb 6, 2023
Website
bvs.com.tr
Business
Bulbuloglu Vinc Sanayi ve Ticaret A.S., operating internationally under the BVS Cranes brand, is a Turkey-based industrial machinery manufacturer specializing in the engineering, design, production, installation, and servicing of industrial overhead cranes, specialized process cranes, and heavy steel structures. Founded in 1985 and headquartered in Ankara, Turkey, the company serves a broad range of heavy industries, including iron and steel, energy, mining, automotive, shipbuilding, construction, maritime transport, and defense. The company's core product portfolio comprises single-girder and double-girder overhead traveling cranes; portal, semi-portal, and cantilever gantry cranes; column and wall-mounted jib cranes; heavy-duty metallurgical ladle and charging process cranes; grab and magnet-equipped industrial cranes; explosion-proof ATEX-certified cranes; shipyard and container handling portal cranes; electric wire rope hoists, chain hoists, and open winches; crane kits, end carriages, and motorized transfer carts; and custom heavy structural steel components. Complementing its manufacturing operations, the company provides comprehensive lifecycle services, including turnkey engineering design; PLC automation and drive system integration; on-site installation and commissioning; crane modernization, refurbishment, and capacity upgrading; non-destructive testing and structural inspection; and worldwide aftermarket technical support and spare parts distribution. Bulbuloglu Vinc operates major manufacturing plants in Ankara, including advanced facilities in the Baskent Organized Industrial Zone, and exports to dozens of countries across Europe, the Middle East, the Americas, Africa, and the Commonwealth of Independent States, supported by subsidiaries such as Bulbuloglu Celik Endustrisi Sanayi ve Ticaret A.S. In recent developments following its initial public offering on Borsa Istanbul under the ticker BVSAN, the company has undertaken substantial capacity expansion initiatives through new production line investments in Ankara, expanded its export footprint into high-margin European and North American industrial markets, introduced advanced automated and smart crane monitoring systems, and secured multiple high-value international supply contracts for heavy metallurgical and energy infrastructure projects.