Metal Stock engaged in manufacturing, processing, and selling of steel products and operating one of the largest independent cold rolling and galvanizing facilities in the country jumped upto 8 percent in the day’s trade upon receiving new work orders worth ~Rs. 365 Crores.
Price Action
With a market capitalization of Rs. 1,292 Crores, the shares of BMW Industries Limited were trading at Rs. 57.40 per equity share, up 7 percent from its previous day’s close price of Rs. 53.56.
What Happened
BMW Industries Limited has received a new long-term work order, renewing its existing arrangement for the company’s NH6 unit for Tube manufacturing & associated services, which will be valid upto October 31, 2027, for consideration of Rs. 188.61 Crores.
In addition to the above, BMW Iron & Steel Industries Limited, a 100 percent subsidiary, has received a new long-term work order, renewing its existing arrangement for the company’s Adityapur unit for tube manufacturing & associated services, which will be valid upto October 31, 2027 for a consideration of Rs. 176.09 Crores.
About the Company
BMW Industries Limited primarily engaged in manufacturing, processing, and selling of steel products consisting of engineering and other products and services related to the same.
It is engaged in the Manufacturing & Processing of HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, TMT rebars, etc, and the processing of Long and Flat Products. It operates one of the largest independent cold rolling and galvanizing facility, in the country.
Financials & Ratios
Its Revenue from operations declined by 5.14 percent YoY from Rs. 161.17 Crores in Q2FY24 to Rs. 152.89 Crores in Q2FY25, accompanied by profits of Rs. 17.67 Crores to Rs. 17.86 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 10.15 percent and a return on capital employed (ROCE) of 12.29 percent. It has maintained a debt-to-equity ratio of 0.27.
Written by: Bharath K.S
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