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    Non-energy minerals

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    Steel
BMW Industries Ltd

BMW Industries Ltd

BBSE:BMW
48.04
INR
-2.35
(-4.66%)
3.75EPS
15.39P/E
13.06BMarket Cap
BMW Industries Ltd
BSE:BMW
(Bombay Stock Exchange)

Recent

price

48.04

P/E

ratio

15.39

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
32.32
33.05
24.26
29.43
29.93
31.85
40.73
33.34
25.85
16.18
20.08
22.61
23.75
26.21
27.12
30.26
Revenue per Share
0.82
1.06
0.96
1.41
1.5
1.5
2.28
1.85
0.97
-7.8
1.55
2.42
2.83
3.33
3.6
3.77
Basic EPS, GAAP
-2.35
-0.86
-13.74
2.34
2.81
4.45
3.7
4.08
4.86
2.31
1.55
2.74
6.41
0.18
-8.97
- -
Free Cash Flow per Basic Share
0.03
0.03
0.03
0.02
- -
- -
0.01
0.03
0.01
- -
- -
0.22
0.22
0.21
0.43
- -
Dividend per Share
6.87
12.57
14.59
23.3
23.24
24.73
27.38
29.21
30.84
23.06
24.57
26.77
29.37
32.5
35.69
- -
Book Value per Share
6.87
12.57
14.58
23.29
23.23
24.72
27.38
29.21
30.84
23.06
24.57
26.77
29.37
32.5
35.61
- -
Tangible Book Value per Share
225
225
225
225
225
225
225
225
225
225
223
225
225
225
225
226
Basic Weighted Avg Shares
7,275
7,440
5,460
6,625
6,737
7,170
9,168
7,504
5,819
3,643
4,474
5,088
5,345
5,900
6,105
6,825
Sales/Revenue/Turnover
8
8.25
11.61
13.27
13.39
11.24
11.33
15.1
14.09
11.88
12.53
18.39
21.1
17.99
18.58
16.6
Operating Margin (%)
76
82
275
305
329
441
483
468
473
529
494
397
445
441
523
535
Depreciation Expense
185
239
217
317
338
337
513
417
219
-1,757
345
545
637
750
811
850
Net Income, GAAP
31.76
30.42
17.34
11.74
14
21.74
28.58
35.3
31.09
- -
23.97
27.48
26.09
25
25.75
25.53
Effective Tax Rate (%)
2.55
3.22
3.97
4.78
5.02
4.7
5.6
5.56
3.76
-48.22
7.72
10.71
11.93
12.72
13.29
12.46
Profit Margin (%)
719
1,037
1,102
1,676
1,566
1,393
2,012
2,076
1,631
715
1,256
1,544
1,058
1,510
1,134
- -
Working Capital
2,096
3,504
3,495
3,069
2,427
1,966
1,521
768
546
1,175
984
893
617
1,013
2,329
- -
LT Debt
1,547
2,828
3,284
5,255
5,237
5,572
6,169
6,583
6,950
5,200
5,543
6,037
6,625
7,327
8,040
- -
Total Equity
- -
5.91
5.66
7.33
7.12
6.08
7.5
6.21
4.33
- -
5.88
8.32
9.42
9.44
8.24
- -
Return on Invested Capital (%)
- -
6.62
6.04
7.21
6.66
6.18
8.15
7.52
5.18
- -
6.46
8.7
9.73
10.21
9.14
- -
Return on Capital (%)
- -
10.94
7.09
7.43
6.46
6.24
8.75
6.54
3.24
-28.96
6.44
9.43
10.09
10.78
10.57
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,355
- -
LT Borrowings
- -
2,074
- -
LT Finance Leases
- -
255
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
225
225
225
Market Capitalization
9,078
6,010
13,057

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,040
- -
Cash, Cash Equivalents & STI
- -
116
- -
Accounts Receivable, Net
- -
1,502
- -
Inventories
- -
673
- -
Total Current Liabilities
- -
1,906
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,355
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.98%
9.11%
9.73%
Free Cash Flow
-510.48%
-1,024.68%
-5,205.11%
Net Income, GAAP
-93.57%
-3.82%
8.08%
Sales/Revenue/Turnover
1.17%
11.09%
3.48%
Total Cash Common Dividend
- -
- -
106.7%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,736
1,502
1,476
1,571
5,900
2026
1,487
1,449
1,622
2,095
6,105
2027
1,660
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.98
0.79
0.76
0.78
3.33
2026
0.67
0.67
0.78
1.47
3.6
2027
0.85
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.21
2026
- -
- -
- -
- -
0.43
2027
- -
- -
- -
- -
- -
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Business
BMW Industries Ltd. (BMW.BO), incorporated in 1981 and headquartered in Kolkata, India, manufactures, processes, and sells steel products primarily in the domestic market through seven steel processing centers located in Jamshedpur and Howrah, West Bengal. The company offers an extensive range of steel long products, including bars, rods, TMT rebars, transmission line towers, and tubular poles and structures; flat products such as pipes, tubes, MS and GI pipes, galvanized plain (GP) and corrugated (GC) sheets; and value-added processed coils encompassing HR slit coils, HRPO (hot rolled pickling and oiling) coils, CR (cold rolled) coils, and galvanized coils; serving industries including infrastructure, construction, automotive, renewable energy, and defense. BMW Industries Ltd. operates one of India's largest independent cold rolling and galvanizing facilities, undertaking services like slitting and cut-to-length of hot rolled coils (HRC), HRC pickling and oiling, annealing, galvanizing, and production of structural pipes and water/gas pipes for major steel producers. In March 2025, the company signed a Memorandum of Understanding (MoU) with India's Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for specialty steel, enabling production of coated/plated steel products of metallic/non-metallic alloy and Al-Zn coated (Galvalume) products at its upcoming greenfield downstream steel complex in Bokaro, Jharkhand. BMW Industries Ltd. announced an Rs 803 crore investment in the Bokaro facility in August 2025, featuring capacities of 300,000 tonnes for cold rolled full hard coils/sheets, 540,000 tonnes for galvanized coils/sheets, and 200,000 tonnes for color-coated coils/sheets, with color-coated production slated to commence in Q3 FY26 and advanced coated products in Q1 FY27; the project has received clearance from the Jharkhand State Pollution Control Board and aligns with Make in India initiatives. Originally founded as Bansal Mechanical Works Pvt. Ltd. and renamed BMW Industries Ltd. in June 1999, the company continues to expand its downstream steel capabilities amid rising domestic demand.