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Batliboi Ltd

BATLIBOI
BSE
84.05
1.16%
Last Updated:
29 Apr '26, 4:00 PM
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Batliboi Ltd

BATLIBOI
BSE
84.05
1.16%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
395Cr
Close
Close Price
84.05
Industry
Industry
Engineering - Light - General
PE
Price To Earnings
54.58
PS
Price To Sales
0.91
Revenue
Revenue
434Cr
Rev Gr TTM
Revenue Growth TTM
5.97%
PAT Gr TTM
PAT Growth TTM
-25.94%
Peer Comparison
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BATLIBOI
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
67637078115941049611970121124
Growth YoY
Revenue Growth YoY%
19.223.45.412.173.448.749.122.43.1-26.116.130.1
Expenses
ExpensesCr
6460667211089969311271112117
Operating Profit
Operating ProfitCr
234655827-297
OPM
OPM%
3.35.56.18.04.85.47.62.26.2-2.47.55.7
Other Income
Other IncomeCr
21113221121-6
Interest Expense
Interest ExpenseCr
111122211112
Depreciation
DepreciationCr
111111111122
PBT
PBTCr
223554716-38-3
Tax
TaxCr
00113111102-1
PAT
PATCr
2224236-15-26-2
Growth YoY
PAT Growth YoY%
258.1281.317.5-51.6-8.750.5132.6-113.9204.5-183.68.3-258.8
NPM
NPM%
2.93.13.54.71.63.15.4-0.54.6-3.55.0-1.5
EPS
EPS
0.70.70.81.30.40.81.2-0.11.2-0.51.3-0.4

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
267217204211249195152197254415413434
Growth
Revenue Growth%
-18.8-5.73.417.9-21.6-22.229.329.163.6-0.65.1
Expenses
ExpensesCr
268219210217244202148189238389391412
Operating Profit
Operating ProfitCr
-1-3-6-55-74816272222
OPM
OPM%
-0.5-1.3-2.9-2.51.9-3.52.43.86.36.45.45.0
Other Income
Other IncomeCr
2182864182567-1
Interest Expense
Interest ExpenseCr
898789985866
Depreciation
DepreciationCr
765546444456
PBT
PBTCr
-140-17-9-1-188-21121189
Tax
TaxCr
-20-41-14-2021751
PAT
PATCr
-120-14-1013-168-51113137
Growth
PAT Growth%
98.8-9,366.523.4224.3-223.2151.2-157.9324.425.51.8-46.0
NPM
NPM%
-4.5-0.1-6.6-4.95.2-8.15.3-2.44.23.23.31.7
EPS
EPS
-4.2-0.1-3.1-5.14.5-5.52.8-1.63.73.22.91.5

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
141414141414141414212424
Reserves
ReservesCr
2324124110123106115111122134201202
Current Liabilities
Current LiabilitiesCr
12911488116110116749568142125127
Non Current Liabilities
Non Current LiabilitiesCr
373571735965676684969188
Total Liabilities
Total LiabilitiesCr
209194298314307302270287289393440442
Current Assets
Current AssetsCr
1099669908379546975164186185
Non Current Assets
Non Current AssetsCr
10098229224223223216218214229254239
Total Assets
Total AssetsCr
209194298314307302270287289393440442

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
-19-2-91211-320182
Investing Cash Flow
Investing Cash FlowCr
21410-11-27-3-3-3-45
Financing Cash Flow
Financing Cash FlowCr
10-12-1-30-7-7-11-5637
Net Cash Flow
Net Cash FlowCr
-7-10-332-36-710-6
Free Cash Flow
Free Cash FlowCr
-17111109417-13-13
CFO To PAT
CFO To PAT%
157.31,713.868.9-11.313.6-67.6-32.9-417.08.956.616.8
CFO To EBITDA
CFO To EBITDA%
1,468.088.1157.2-21.836.9-156.7-72.9259.65.928.210.1

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
54616867451844140170410329
Price To Earnings
Price To Earnings
0.00.00.00.03.50.05.50.016.144.433.4
Price To Sales
Price To Sales
0.20.30.30.30.20.10.30.70.71.00.8
Price To Book
Price To Book
1.51.80.50.50.30.10.31.11.33.82.0
EV To EBITDA
EV To EBITDA
-77.2-37.9-20.9-23.622.8-11.531.426.814.918.017.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
42.648.744.945.845.845.242.438.039.834.736.5
OPM
OPM%
-0.5-1.3-2.9-2.51.9-3.52.43.86.36.45.4
NPM
NPM%
-4.5-0.1-6.6-4.95.2-8.15.3-2.44.23.23.3
ROCE
ROCE%
-6.99.8-4.6-1.03.4-4.58.33.07.711.47.7
ROE
ROE%
-32.4-0.4-9.8-8.49.4-13.26.3-3.87.88.56.0
ROA
ROA%
-5.7-0.1-4.5-3.34.2-5.33.0-1.63.73.43.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Batliboi Limited is a diversified engineering conglomerate with a strong presence in machine tools, textile engineering, environmental engineering, and emerging clean energy sectors. Headquartered in India with global manufacturing and operational footprints, the company is strategically positioned to capitalize on domestic growth drivers like *Make-in-India* and *Production-Linked Incentive (PLI)* schemes, while expanding its international footprint across 20+ countries. The company operates through key divisions—**Machine Tools**, **Textile Engineering (Air Engineering & Textile Machinery)**, and **Environmental Engineering**—supported by its Canadian subsidiary **Quickmill Inc.** and new ventures in water treatment and green hydrogen. --- ### **Manufacturing & Operations (Nov 2025)** - **Surat Facility**: - Spans **180,000 sq. meters** of land, with a **30,000 sq. meter** integrated design and production unit. - Houses manufacturing for CNC machines, air engineering systems, and industrial fans. - The **Udhna Fan Manufacturing Unit** was merged into the Environmental Engineering Group (EEG) effective July 1, 2025, realizing operational synergies. - **Peterborough, Canada**: - Home to **Quickmill Inc.**, Batliboi’s 100% owned subsidiary, specializing in large-scale **Gantry Drilling & Milling Machines**. - **Capacity Expansion (Jun 2025)**: - Plans to **double machine tool production from 25 to 50 units/month** over two years, potentially adding **₹80 crore** in annual revenue. - Upgrading foundry capacity from **90 to 200 tonnes/month** to meet internal demand. - Installation of an **energy-efficient electric furnace** expected to cut power consumption by **~30%**. --- ### **Core Business Divisions** #### **1. Machine Tools Division (BMTG)** - **Products**: - Manufactures **CNC Vertical Machining Centers, Turning Centers, Vertical Turning Lathes, Double Column Machining Centers**, and **conventional drilling machines (radial, portable)**. - Sources **FANUC and Mitsubishi controllers**, customizing solutions per client needs. - **Agency Division**: - Represents global brands from **Germany, Italy, South Korea, China, Taiwan, Czech Republic, Belgium**, and India, offering end-to-end metal cutting and forming solutions. - **Key Customers**: - Serves **Auto Components, Tractors, Dies & Molds, Light Engineering, and Infrastructure** sectors. - **Recent Developments (Aug 2025)**: - Completed a **₹25 crore capex** program to upgrade foundry and machine shop facilities. - All new equipment commissioned; efficiency gains expected over the next 3 quarters. - **Market Outlook**: - Demand for heavy machines declined earlier due to pricing pressure, but **recent months show recovery**, especially in specialized and high-end equipment. --- #### **2. Textile Engineering Division** Split into two strategic segments: ##### **A. Air Engineering Group** - **Products**: High-efficiency fans, **rotary drum filters (RDF)**, condensing systems, fiber recovery systems, and waste compactors. - **Manufactured at Surat**; new product innovations include lighter RDF meshes (+3–4% filtration efficiency), upgraded VGR 60 blades, and new Venturi components. - **Expansion Beyond Textiles**: Actively diversifying into **food, pharmaceuticals, synthetic materials, and general factory ventilation** (Jul–Nov 2025). - **Commercial Targets**: Expected results in **FY25–26** from non-textile air control systems. ##### **B. Textile Machinery Group** - **Represents Global Brands**: Mayer & Cie, Saurer, Pentek, Fardis, Intex – across **spinning, knitting, processing, and technical textiles**. - **Recent Milestone (Aug 2025)**: Secured **largest-ever order** for **60 knitting machines worth ₹45 crore**. - **Growth Drivers**: - Rising demand for **open-end spinning, knits, activewear, automation, and sustainable tech**. - Fast-fashion trends driving innovation in fabric production. - **Export Expansion**: Targeting **Bangladesh, Vietnam, Uzbekistan**, and project exports to **Ethiopia and Kenya via partnership with LMW** (Feb 2025). - **Capacity & Quality**: Adding new production machinery and improving product quality and range (Jun 2025). --- #### **3. Environmental Engineering Group (EEG)** Formerly **Batliboi Environmental Engineering Ltd. (BEEL)**, now fully merged into Batliboi Ltd. (effective Mar 2025). - **Core Offerings**: - **Air pollution control systems**, **industrial fans**, **gasification**, and **HVAC solutions**. - 100% **Make-in-India** with manufacturing at Surat. - **Key Sectors**: Steel, Power, Oil & Gas, Cement, Sugar, Waste-to-Energy. - **Recent Orders (Aug 2025)**: - Won **export + domestic orders worth ₹13 crore**, including: - Gas cleaning system (waste-to-energy) - Acid neutralization scrubber (battery reclamation) - TAR/Wet Electrostatic Precipitator (steel sector) - **First export order** in waste-to-energy gas cleaning systems. - **Production Scaling**: Started manufacturing **critical industrial fans** in-house; plans to scale up. - **Export Strategy**: Expanding to **Gulf, Vietnam, Bangladesh, Uzbekistan, Egypt** (Nov 2025). --- #### **4. Subsidiaries & International Presence** ##### **Quickmill Inc. (Canada)** - **Headquarters**: Peterborough, Ontario. - **Specialization**: Large **Gantry Drilling & Milling Machines**. - **Serves Global Markets**: Energy, Structural Steel, Aviation, Heavy Equipment, Job Shops. - **Performance**: - Completed **400+ projects**; serves **105+ global clients**. - FY24–25: Significant profitability improvement due to **new markets and product development**. - Q1 FY26: Faced order delays due to **US tariff uncertainty and payment issues**, but **recovering in Q2** with high-value machine billings scheduled. - **Growth Outlook**: Strong demand in **North America**, expansion into **Middle East, Egypt, and Mexico**. ##### **Bioconserve Renewables Envirotech Pvt Ltd** - **Established**: May 2025. - **Focus**: **Effluent Treatment Plants (ETP)** and **Zero Liquid Discharge (ZLD)** solutions, primarily for textile industry. - **Market Opportunity**: Indian water & wastewater sector valued at **$11 billion (2025)**, expected to reach **$18 billion by 2026**. - **Performance**: Achieved **first-quarter profitability**; expects **reasonable full-year profits (Aug 2025)**. - **Revenue Timeline**: Contributions expected from **FY25–26 onward**. ##### **Other Subsidiaries** - **AESA Air Engineering SA (France)** – active. - **Queen Projects (Mauritius) Ltd.** – in liquidation (as of Jul 2024). --- ### **Mergers & Strategic Restructuring** - **Merger with BEEL (Mar 2025)**: - Aims to strengthen position in **CNC machine tools** and **air engineering markets**. - Enables cross-selling, operational synergies, and enhanced R&D. - **Strategic Intent**: Capitalize on growth in textile/non-textile air systems, expand scale, and improve profitability. --- ### **Domestic & International Reach** - **Sales Network**: - **15 branch offices** across India. - Staffed by **60+ trained engineers and technicians** supporting service and sales. - **Exports**: - Products exported to **20 countries**. - Key markets: **Gulf, Bangladesh, Vietnam, Uzbekistan, Egypt, Mexico, Middle East, Africa**. - Strategic push under *Make-in-India* and rising global supply chain reconfiguration. --- ### **Technology & Innovation** - **Product Upgrades**: - New **RDF models** (lightweight, improved filtration). - **Pulley drive system** replacing chain drives in screen filters (successfully running at 3 sites). - **Automation & Sustainability**: - Focus on **high-productivity, automated, and eco-friendly technologies** across segments. - **R&D**: Continuous improvements in **product design, casting processes, and filtration efficiency** (Jul 2024–2025).