Bedmutha Industries Limited (BEDMUTHA)

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Bedmutha Industries Limited (BEDMUTHA) · mywealthgrid

About

Bedmutha Industries Limited manufactures iron and steel products within the industrials sector, with a market capitalization of ₹352.43 crore and recent quarterly revenues near ₹541 crore. The company operates as a small-cap producer in a capital-intensive, cyclical industry characterized by thin margins.

Face value: ₹10

Market cap

₹356 Cr

P/E

21.3×

P/B

2.3×

Dividend yield

ROE

4.4%

ROCE

12.4%

Debt / equity

1.37

OPM

EPS (TTM)

₹5.2

Book value

₹47.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Volatile profitability — losses of ₹3.9 crore (Dec 2025) and ₹0.93 crore (Sep 2025) reversed only recently, raising questions about earnings durability

High leverage (D/E 1.37) limits financial flexibility in a cyclical sector; verify debt service coverage and cash-flow trends through cycle downturns

Thin operating margin of 4.04% leaves little cushion for input-cost inflation or price pressure; verify cost structure and pricing power

Poor capital efficiency: ROE of 4.38% well below cost of capital suggests weak returns on capital-intensive operations

Generated analysis · source review pending

Growth drivers

Revenue growth from ₹356.84 crore (Dec 2025) to ₹541.43 crore (Jun 2026) — verify if sustained by volume growth, pricing, or one-off factors

Operating margin improved to 5.34% (Mar 2026) from 3.13% (Dec 2025) — check whether driven by cost control, price realization, or capacity-utilization gains

Return to profitability (₹15.14 crore net profit in Mar 2026, ₹6.93 crore in Jun 2026) after recent losses — verify whether driven by cyclical recovery or structural improvement

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹110.0+2.4%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 30.4% over the last 5 years

Cons

−Thin operating margin of 4%
−Profit declined 49.4% a year over the last 5 years
−Weak interest coverage of 1.2×

Research score

Structured signal from quality, growth, valuation and momentum.

50/100

Business quality: 11
Growth: 67
Valuation: 73

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	619	361	388	660	687	812	1,049	1,467
COGS	512	282	315	557	573	688	907	1,268
Gross profit	106	79	74	103	114	124	142	199
	144	80	90	87	97	97	109	140
	-37	-1	-17	16	17	27	34	59
OPM %	-6%	-0.2%	-4.3%	2.5%	2.5%	3.3%	3.2%	4%
Depreciation	27	33	36	33	32	27	20	25
Interest	60	64	62	32	34	35	36	43
	33	27	311	58	61	56	47	16
Profit before tax	-91	-71	197	9	13	21	25	7
Tax	0	0	1	0	0	0	0	0
Tax %	0%	0.1%	0.5%	0%	0%	0%	0%	0%
	-91	-71	196	9	13	21	25	7
PAT margin %	-14.7%	-19.7%	50.5%	1.4%	1.9%	2.6%	2.4%	0.4%
EPS (₹)	-37.1	-29	60.8	2.9	4	6.5	7.7	2
EPS adjusted (₹)	-37.1	-29	60.8	2.9	4	6.5	7.7	2
Annual report	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	21	25	25	25	32	32	32	32	32	32
Reserves	77	-45	-116	-186	45	54	67	88	113	120
Minority interest	—	—	—	—	—	—	0	—	—	—
	320	449	471	461	306	276	251	235	217	208
	197	183	192	180	83	128	149	211	292	367
Total equity & liabilities	616	611	572	479	466	490	499	566	655	726
	265	273	240	208	189	163	144	156	179	193
CWIP	58	37	40	44	34	38	35	25	38	105
Investments	4	4	3	2	2	2	4	5	5	5
	289	297	288	224	242	287	317	380	432	423
Total assets	616	611	572	479	466	490	499	566	655	726

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Copper	1,020.48	19.11	181.34	136.52	44.82	42.64
Steel	446.25	29.59

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	17.2%	21.9%	18.9%	15.6%	16.6%	15.2%	13.6%	13.5%
EBITDA margin %	-6%	-0.2%	-4.3%	2.5%	2.4%	3.2%	3.2%	4%
EBIT margin %	-10.4%	-9.4%	-13.5%	-2.5%	-2.2%	-0.1%	1.3%	2.3%
PAT margin %	-14.7%	-19.7%	50.5%	1.4%	1.9%	2.6%	2.4%	0.4%
Working capital
Receivable days	53	68	64	37	37	47	49	39
Inventory days	24	53	46	42	47	33	30	27
Payable days	70	25	63	62	74	82	77	60
NWC days	8	96	47	17	10	-2	1	6
Leverage
Current ratio	—	—	—	—	1.38	1.47	1.51	1.4
Debt to EBITDA	—	—	—	16.92	15.02	8.93	6.48	3.51
Debt to equity	-21.82	-2.84	3.97	3.19	2.53	1.95	1.5	1.37
Interest coverage	-0.5	-0.1	4.2	1.3	1.4	1.6	1.7	1.2
Asset turnover	1.01	0.75	0.83	1.35	1.37	1.44	1.6	2.02
Return ratios
Return on assets %	-14.9%	-14.9%	42%	1.9%	2.6%	3.7%	3.8%	0.9%
Return on capital employed %	—	—	—	—	16.6%	18.8%	17.6%	12.4%
Return on equity %	442.3%	43.9%	254.1%	10.8%	13.1%	17.4%	17.1%	4.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.09%
FII	0%	0.01%	0.03%	0.03%	0.05%	0%	0%	0.01%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	42.95%	42.94%	42.92%	42.92%	42.9%	42.95%	42.95%	42.94%	42.95%	42.95%	42.95%	42.91%
No. of shareholders	—	—	—	—	—	—	—	—	7,079	7,089	6,850	6,699

Promoter holding up 0.04 percentage points since Sep 2023.

3 deals · 8 Aug 2022 – 28 Sept 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,62,321	₹103.05	₹1.67 Cr
28 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,62,321	₹102.67	₹1.67 Cr
8 Aug 2022	BRITS ESTATE PVT LTD	Bulk	NSE	Sell	1,83,050	₹70.50	₹1.29 Cr

1–3 of 3

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. KACHARDAS RATANCHAND BEDMUTHAExecutive Director-Chairperson related to Promoter
Mr. VIJAY KACHARDAS VEDMUTHAExecutive Director-MD
Mr. AJAY KACHARDAS VEDMUTHAExecutive Director-MD
Mr. SHREEKRISHNA YASHVANTRAO MARATHENon-Executive - Independent Director
Mr. SANJAYA KANDPALNon-Executive - Independent Director
Mrs. TILOTTAMA RAJARAM DESHPANDENon-Executive - Independent Director

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Bedmutha Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

30 Sept 2026, 1:17 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

29 Sept 2026, 3:54 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

28 Sept 2026, 1:56 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

28 Sept 2026, 1:40 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

9 Sept 2026, 5:53 pmInsider Trading / SAST

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 PDF

8 Sept 2026, 12:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 6:35 pmCompany Update

Letter For The Annual Report Web-Link/Web Path, Sent To Those Members Who Have Not Registered Their Email Address

General PDF

5 Sept 2026, 8:25 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
30 Sept 2026, 1:17 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 3:54 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	17.2%	21.9%	18.9%	15.6%	16.6%	15.2%	13.6%	13.5%
EBITDA margin %	-6%	-0.2%	-4.3%	2.5%	2.4%	3.2%	3.2%	4%
EBIT margin %	-10.4%	-9.4%	-13.5%	-2.5%	-2.2%	-0.1%	1.3%	2.3%
PAT margin %	-14.7%	-19.7%	50.5%	1.4%	1.9%	2.6%	2.4%	0.4%
Working capital
Receivable days	53	68	64	37	37	47	49	39
Inventory days	24	53	46	42	47	33	30	27
Payable days	70	25	63	62	74	82	77	60
NWC days	8	96	47	17	10	-2	1	6
Leverage
Current ratio	—	—	—	—	1.38	1.47	1.51	1.4
Debt to EBITDA	—	—	—	16.92	15.02	8.93	6.48	3.51
Debt to equity	-21.82	-2.84	3.97	3.19	2.53	1.95	1.5	1.37
Interest coverage	-0.5	-0.1	4.2	1.3	1.4	1.6	1.7	1.2
Asset turnover	1.01	0.75	0.83	1.35	1.37	1.44	1.6	2.02
Return ratios
Return on assets %	-14.9%	-14.9%	42%	1.9%	2.6%	3.7%	3.8%	0.9%
Return on capital employed %	—	—	—	—	16.6%	18.8%	17.6%	12.4%
Return on equity %	442.3%	43.9%	254.1%	10.8%	13.1%	17.4%	17.1%	4.3%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	30	7	23	77	58	71	73	74	109	158
	-30	-11	-2	-3	-5	-12	-9	-28	-55	-99
	6	14	-42	-74	-53	-62	-57	-51	-52	-51
Net cash flow	6	9	-21	0	-0	-3	7	-5	1	9
Free cash flow	—	—	—	—	52	59	62	45	52	52
CFO / Operating profit %	—	—	—	—	—	437.4%	434.2%	280.9%	324.5%	267.2%

Bedmutha Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

COPPER · revenue

Bedmutha Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Board meetings1

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

COPPER · revenue

1

1