Birlanu Limited (BIRLANU)

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Birlanu Limited (BIRLANU) · mywealthgrid

About

Birlanu Limited manufactures construction materials within India's Materials sector. With a market cap of ₹1,166.4 Cr and recent quarterly revenues ranging ₹478–₹1,174 Cr, it serves the building and infrastructure supply chain. The company operates across standalone and consolidated bases, suggesting multi-unit or group operations.

Face value: ₹10

Market cap

₹1,043 Cr

P/E

—

P/B

0.9×

Dividend yield

1.1%

ROE

-10.3%

ROCE

-4.9%

Debt / equity

0.77

OPM

0.3%

EPS (TTM)

₹-143.8

Book value

₹1,466.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability has collapsed and rebounded erratically: standalone net profit ranged from -₹53.03 Cr to ₹49.69 Cr across nine months, creating balance-sheet and cash-flow uncertainty
Operating margins average 0.26% and range from -1.49% to 10.71%, leaving minimal buffer for input-cost inflation or demand softness
ROE of -10.3% signals the company is destroying shareholder value; paired with D/E of 0.77, refinancing or operational recovery is critical
Verify why the company is sustaining dividends across loss-making quarters—if funded from cash reserves rather than earnings, capital adequacy must be tracked

Generated analysis · source review pending

Growth drivers

Jun 2026 standalone net profit of ₹49.69 Cr (10.71% OPM) follows six quarters of losses; if this profit level sustains, it would reverse the value destruction signalled by -10.3% ROE
Consolidated revenues in ₹1.0–₹1.2 Cr in recent Jun quarters vs ₹478–₹858 Cr in Sep–Mar quarters; verify whether revenue base has stepped up or whether seasonal/project factors drive the volatility
Construction materials demand tracks infrastructure and real estate cycles in India; verify the company's order visibility and market positioning to assess exposure to potential sector growth

Generated analysis · source review pending

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

₹1,391.2-1.1%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -3.4% (3-yr avg)
−Thin operating margin of 0.3%
−Modest revenue growth of 4.2% a year over the last 5 years
−Weak interest coverage of -1.3×

Research score

Structured signal from quality, growth, valuation and momentum.

32/100

Business quality: 12
Growth: 32
Valuation: 50

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.

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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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,555	3,044	3,520	3,479	3,375	3,615	3,730
COGS	1,305	1,572	1,954	2,057	1,915	2,115	2,142
Gross profit	1,250	1,471	1,566	1,422	1,460	1,500	1,589
	1,012	1,061	1,173	1,199	1,336	1,442	1,579
	238	410	394	223	124	58	10
OPM %	9.3%	13.5%	11.2%	6.4%	3.7%	1.6%	0.3%
Depreciation	97	109	116	111	120	144	151
Interest	39	28	13	20	35	68	68
	32	64	30	24	67	111	94
Profit before tax	134	337	295	117	36	-43	-116
Tax	28	77	85	20	1	-11	4
Tax %	20.9%	23%	28.7%	16.8%	2.1%	-24.3%	3.1%
	106	260	210	97	35	-33	-120
PAT margin %	4.2%	8.5%	6%	2.8%	1%	-0.9%	-3.2%
EPS (₹)	141.7	346.9	280.5	129.1	46.2	-43.6	-158.6
EPS adjusted (₹)	141.1	345.4	279.1	128.5	46	-43.5	-157.9
	14.1%	11.5%	23.2%	34.9%	81.3%	—	—
Annual report	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	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	8	8	8	8	8	8	8
Reserves	—	988	1,159	1,236	1,245	1,204	1,103
	—	410	288	407	548	710	852
	—	708	769	713	943	1,004	1,108
Total equity & liabilities	—	2,113	2,223	2,364	2,743	2,926	3,071
	974	1,136	1,111	1,198	1,391	1,666	1,825
CWIP	—	11	23	30	42	55	40
Investments	—	53	23	22	123	19	6
	—	914	1,066	1,114	1,187	1,186	1,200
Total assets	—	2,113	2,223	2,364	2,743	2,926	3,071

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 %
Floors	1,286.53	-142.93	1,256.95	933.2	323.75	-44.15
Roofs	1,139.31	104.26

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	48.9%	48.3%	44.5%	40.9%	43.3%	41.5%	42.6%
EBITDA margin %	9.3%	13.4%	11.1%	6.4%	3.7%	1.6%	0.3%
EBIT margin %	5.5%	9.9%	7.8%	3.2%	0.1%	-2.4%	-3.8%
PAT margin %	4.2%	8.5%	6%	2.8%	1%	-0.9%	-3.2%
Working capital
Receivable days	—	12	11	13	17	20	20
Inventory days	—	113	134	121	136	118	117
Payable days	—	74	69	60	75	74	75
NWC days	—	50	76	75	78	64	62
Leverage
Current ratio	—	1.28	1.36	1.36	1.41	0.97	0.84
Debt to EBITDA	—	1	0.73	1.83	4.4	12.12	89.16
Debt to equity	—	0.41	0.25	0.33	0.44	0.59	0.77
Interest coverage	4.3	11.4	24.2	7	1	-0.8	-1.3
Asset turnover	—	1.44	1.58	1.47	1.23	1.24	1.21
Return ratios
Return on assets %	—	12.3%	9.5%	4.1%	1.3%	-1.1%	-3.9%
Return on capital employed %	—	22.5%	21.1%	8.9%	2%	-3.1%	-4.9%
Return on equity %	—	26.1%	18%	7.8%	2.8%	-2.7%	-10.8%

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
	40.59%	40.57%	40.57%	40.57%	40.57%	40.57%	40.57%	40.57%	40.57%	40.57%	40.57%	40.57%
	2.47%	2.47%	2.22%	1.55%	1.35%	1.3%	1.4%	2.06%	2.23%	2.64%	2.87%	2.74%
	3.31%	3.33%	3.27%	3.28%	3.57%	2.48%	0.1%	0.11%	0.15%	0.14%	0.06%	0.08%
	0%	0%	0%	0%	0%	0%	0%	0%	4.05%	4.05%	4.05%	4.05%
	53.63%	53.63%	53.94%	54.6%	54.51%	55.65%	57.93%	57.26%	53%	52.6%	52.45%	52.56%
No. of shareholders	—	—	—	—	—	—	—	—	30,609	30,529	29,236	28,900

Promoter holding down 0.02 percentage points since Sep 2023.

32 deals · 29 May 2025 – 29 Dec 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Dec 2025	BIRLA CHANDRAKANT	Block	NSE	Buy	29,28,170	₹1,517.50	₹444.35 Cr
29 Dec 2025	BIRLA CHANDRAKANT	Bulk	NSE	Buy	29,28,170	₹1,517.50	₹444.35 Cr
29 Dec 2025	LTD CENTRAL INDIA INDUSTRIES	Block	NSE	Sell	14,06,634	₹1,517.50	₹213.46 Cr
29 Dec 2025	LTD CENTRAL INDIA INDUSTRIES	Bulk	NSE	Sell	14,06,634	₹1,517.50	₹213.46 Cr
29 Dec 2025	SHEKHAVATI INVESTMENTS AND TRADERS LIMITED	Block	NSE	Sell	5,56,470	₹1,517.50	₹84.44 Cr
29 Dec 2025	SHEKHAVATI INVESTMENTS AND TRADERS LIMITED	Bulk	NSE	Sell	5,56,470	₹1,517.50	₹84.44 Cr
29 Dec 2025	LTD ASHOK INVESTMENT CORPORAT ION	Block	NSE	Sell	3,61,743	₹1,517.50	₹54.89 Cr
29 Dec 2025	LTD ASHOK INVESTMENT CORPORAT ION	Bulk	NSE	Sell	3,61,743	₹1,517.50	₹54.89 Cr
29 Dec 2025	AMER INVESTMENTS DELHI LIMITED	Block	NSE	Sell	3,08,763	₹1,517.50	₹46.85 Cr
29 Dec 2025	AMER INVESTMENTS DELHI LIMITED	Bulk	NSE	Sell	3,08,763	₹1,517.50	₹46.85 Cr

1–10 of 32

1 / 4

Mr. Chandrakant BirlaNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Akshat SethExecutive Director-CEO-MD
Mr. Desh Deepak KhetrapalNon-Executive - Non Independent Director
Mrs. Amita BirlaNon-Executive - Non Independent Director
Mr. Arvind SahayNon-Executive - Independent Director
Mr. Sunil Ramakant BhumralkarNon-Executive - Independent Director
Mrs. Nidhi Jagat KillawalaNon-Executive - Independent Director
Mr. Janat Ghanshyam ShahNon-Executive - Independent Director
Ms. Nidhi BisariaCompany Secretary & Compliance Officer

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 Birlanu 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

Annual reports

Credit ratings

Update on Credit Rating of the Company28 Aug 2025

Investor Presentation and earnings call

Aug 2026TranscriptAI SummaryPPTREC
May 2026Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

28 Sept 2026, 11:48 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

18 Sept 2026, 12:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

17 Aug 2026, 10:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

7 Aug 2026, 6:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

7 Aug 2026, 11:14 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Aug 2026, 6:28 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

23 Jul 2026, 2:50 pmBoard Meeting

Board Meeting Intimation for To Consider And Approve The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2026

Exchange filing PDF

22 Jul 2026, 11:17 pmCompany Update

Update On Disclosure Dated June 6, 2026, Read With Disclosure Dated July 10, 2025

General PDF

Date	Category	Subject	Filing
28 Sept 2026, 11:48 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 12:37 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	48.9%	48.3%	44.5%	40.9%	43.3%	41.5%	42.6%
EBITDA margin %	9.3%	13.4%	11.1%	6.4%	3.7%	1.6%	0.3%
EBIT margin %	5.5%	9.9%	7.8%	3.2%	0.1%	-2.4%	-3.8%
PAT margin %	4.2%	8.5%	6%	2.8%	1%	-0.9%	-3.2%
Working capital
Receivable days	—	12	11	13	17	20	20
Inventory days	—	113	134	121	136	118	117
Payable days	—	74	69	60	75	74	75
NWC days	—	50	76	75	78	64	62
Leverage
Current ratio	—	1.28	1.36	1.36	1.41	0.97	0.84
Debt to EBITDA	—	1	0.73	1.83	4.4	12.12	89.16
Debt to equity	—	0.41	0.25	0.33	0.44	0.59	0.77
Interest coverage	4.3	11.4	24.2	7	1	-0.8	-1.3
Asset turnover	—	1.44	1.58	1.47	1.23	1.24	1.21
Return ratios
Return on assets %	—	12.3%	9.5%	4.1%	1.3%	-1.1%	-3.9%
Return on capital employed %	—	22.5%	21.1%	8.9%	2%	-3.1%	-4.9%
Return on equity %	—	26.1%	18%	7.8%	2.8%	-2.7%	-10.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Ramco Industries LimitedRAMCOINDRAMCOIND	₹2,624 Cr	₹2,793 Cr	₹1,870 Cr	₹269 Cr	13%	₹327 Cr	17.1%	4.7%	7%	242
Glass Wall Systems (India) LimitedGLASSWALLGLASSWALL	₹2,378 Cr	₹2,384 Cr	₹457 Cr	₹105 Cr	23%	₹84 Cr	18.3%	50.4%	38.6%	—
Arisinfra Solutions LimitedARISARIS	₹1,134 Cr	₹1,189 Cr	₹1,146 Cr	₹113 Cr	9.4%	₹66 Cr	5.7%	21.4%	10.9%	71
Birlanu LimitedBIRLANUBIRLANU	₹1,043 Cr	₹1,896 Cr	₹3,852 Cr	₹43 Cr	0.3%	₹-109 Cr	-3.2%	-4.9%	-10.3%	62
Everest Industries LimitedEVERESTINDEVERESTIND	₹756 Cr	₹884 Cr	₹1,352 Cr	₹-10 Cr	-2.7%	₹-1 Cr	-7.2%	-9%	-18.6%	97
Midwest Gold LtdREMAGNETREMAGNET	₹488 Cr	₹584 Cr	₹4 Cr	₹6 Cr	-8.3%	₹3 Cr	11.5%	2%	1.1%	369
Marble City India LtdMARBLEMARBLE	₹423 Cr	₹528 Cr	₹59 Cr	₹13 Cr	25.3%	₹2 Cr	5.5%	14.6%	6.6%	661
Sahyadri Industries LimitedSAHYADRISAHYADRI	₹388 Cr	₹404 Cr	₹723 Cr	₹80 Cr	9%	₹45 Cr	4.3%	10.6%	7.4%	142
Om Galaxy LtdOMGOMG	₹303 Cr	—	—	—	—	—	—	—	—	—
Glittek Granites LtdGLITTEKGGLITTEKG	₹208 Cr	₹208 Cr	₹2 Cr	₹-22 Cr	—	₹7 Cr	-780%	-3.4%	-3.5%	0
Nidhi Granites LtdNIDHGRNNIDHGRN	₹196 Cr	₹197 Cr	₹65 Cr	₹12 Cr	18.9%	₹8 Cr	11.8%	56.6%	41%	67
Divyashakti LtdDIVSHKTDIVSHKT	₹70 Cr	₹75 Cr	₹57 Cr	₹9 Cr	-1.5%	₹6 Cr	3%	0.8%	0.5%	1,145

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	466	162	132	173	82	119
	-34	-46	-178	-163	-52	-147
	-390	-179	42	62	-90	-31
Net cash flow	42	-63	-4	72	-60	-60
Free cash flow	357	76	-1	59	-41	26
CFO / Operating profit %	113.9%	41.4%	59.2%	139.3%	140.1%	—

Birlanu 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

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

No fund holdings on record

35

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Return on equity

Building Solution · revenue

Birlanu 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

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Dividends35

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Building Solution · revenue

35

1