The shares of this small-cap company surged by approximately 12 percent to touch its day high of Rs 59.75 per share on Wednesday, after the company announced that it has bagged an order worth Rs 365 crores from Tata Steel.
With a market capitalization of Rs 1,249 crores, the shares of BMW Industries Ltd are currently trading at Rs 55.5 per share, down by 29.8 percent from its 52-week high of Rs 79.05 per share. Over the past five years, the stock has delivered an impressive return of 466 percent.
About the order
BMW Industries and its wholly owned subsidiary BMW Iron & Steel Industries received a contract from Tata Steel worth Rs 364.69 crore to convert hot rolled coils into tubes. The scope of the project will be executed at BMW Industries’ Hazibagan plant in Howrah and BMW Iron & Steel’s facility in Jamshedpur. The contract has a duration until October 31, 2027, with BMW Industries receiving Rs 188.60 crore and Rs 176.09 crore to its subsidiary.
Harsh Bansal, Managing Director at BMW Industries Limited, said, “As one of the leading players in the steel industry, Tata Steel has set benchmarks in quality, innovation, and sustainability. Their continued trust in us through this extended order is a strong endorsement of our capabilities as a processing partner. We take pride in supporting a company of Tata Steel’s stature and legacy. In the past week, we were honoured with the renewal of our contract for the CRM complex till 2029, valued at 1764 crores.”
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Financial Highlights
The company reported a revenue of Rs 629 crores in FY25, up by 5 percent from Rs 598 crores in FY24. It reported a net profit growth of 17 percent to Rs 75 crores in FY25 from Rs 64 crores in FY24.
The stock has delivered an ROE and ROCE of 10.75 percent and 13.60 percent respectively and is currently trading at a P/E of 16.68x as compared to its industry average of 24.53x.
About the company
BMW Industries Limited is a steel services company based out of Kolkata, and is a leader in the industry. The company’s primary manufacturing products and services are HRPO coils, CR coils, GP coils, GC sheets, pipes, and TMT rebars.
They have factories in West Bengal and Jharkhand, and also entered into a joint venture with SAIL in Bokaro. BMW Industries Limited is a fully integrated manufacturer with supply chain solutions serving the top steel players in India.
Written by Satyajeet Mukherjee
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