522004
Batliboi financials
- Market cap
- ₹404 Cr
- Sector
- Capital Goods
- Calls analysed
- 1
Batliboi Q1 FY26
What went well
- Order inflow for Q1 FY26 was strong at INR 270 crores, with an outstanding order book of INR 465 crores as of June 25.
- Anticipated Q2 order inflow of INR 350 crores plus, targeting over INR 1,000 crores for the full fiscal year.
- INR 25 crores capex for foundry and machine shop upgradation completed by end of Q1, expected to drive better growth from Q2.
What to watch
- Q1 FY26 revenue from operations was INR 72 crores, with an EBITDA of INR 0.24 crores and a PAT loss of INR 2.72 crores.
- Q1 results were impacted by one-time extraordinary expenses in Machine Tool Manufacturing and post-merger compliances.
What Batliboi does
Batliboi manufactures and trades CNC and conventional machine tools (vertical machining centers, turning centers, radial and portable drilling machines) through its Machine Tool Manufacturing division and an Agencies division that represents other machine-tool makers. Its Textile Engineering business supplies textile machinery (spinning, knitting, processing, technical textiles) as agents and offers Air Engineering solutions such as humidification, ventilation, evaporative air cooling and waste-collection systems for textile and other process industries. Following the merger of Batliboi Environmental Engineering Ltd, the company also designs and supplies air pollution control equipment (de-dusting, fume extraction, gas scrubbing, NOx/SOx removal), industrial fans and blowers, and hydrogen gas solutions. Its Canadian subsidiary, Quickmill Inc., designs, manufactures and sells large gantry drilling and milling machines to energy, structural steel and aerospace customers worldwide, while another subsidiary, Bioconserve Renewables Envirotech, provides industrial effluent treatment and zero-liquid-discharge solutions.
Segments
- Machine Tools
- Textile Engineering
- Environmental Engineering
- Bioconserve Renewables Envirotech
- Manufacturing locations
- Surat (Udhna), India and Peterborough, Ontario, Canada (Quickmill Inc.)
- Employees
- 507 (incl. Quickmill Canada & Environmental Engineering)
- Export countries
- 20+
- Branch offices in India
- 15+
- Machine Tool division trained engineers/technicians
- 60
- Quickmill customers worldwide
- 130+
Guidance record · Q1 FY26
what the last two calls moved 8 tracked 0 delivered 0 missed 8 open- Top-line growth open said Q1 FY26 Promised: 10% to 12% Q1 FY26: Targeting a top-line growth of 10% to 12% for FY26.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 43.1%, net profit up 171.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 69 | 65 | 94 | 55 | 83 +19% | 72 +10% | 87 −7% | 79 +43% |
| EBITDA | 3 | -1 | 4 | -2 | 3 +12% | -1 −62% | 4 −4% | 0 +107% |
| Net profit | 4 | -2 | 4 | -3 | 4 −1% | -8 −309% | 2 −41% | 2 +171% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −11.8% 1Y
1Y: ₹96.9 on 10 Sept 2025 → ₹85.48. High ₹147.45 (6 Nov 2025), low ₹67.72 (30 Mar 2026).
Financials, as filed
Revenue grew 8.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 1.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹234 Cr | ₹236 Cr | ₹291 Cr | ₹297 Cr |
| Operating profit | ₹15 Cr | ₹10 Cr | ₹8 Cr | ₹4 Cr |
| Operating margin | 6.4% | 4.4% | 2.6% | 1.2% |
| Interest | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Depreciation | ₹4 Cr | ₹3 Cr | ₹4 Cr | ₹5 Cr |
| Net profit | ₹10 Cr | ₹6 Cr | ₹6 Cr | ₹-5 Cr |
| Net margin | 4.4% | 2.3% | 2.0% | -1.7% |
| Cash from operations | ₹8 Cr | ₹-6 Cr | ₹-5 Cr | ₹14 Cr |
| Free cash flow | ₹7 Cr | ₹-11 Cr | ₹-19 Cr | ₹0 Cr |
| ROCE | 7.0% | 10.0% | 4.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹21 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹103 Cr | ₹97 Cr | ₹105 Cr | ₹113 Cr | ₹202 Cr | ₹167 Cr |
| Borrowings | ₹70 Cr | ₹68 Cr | ₹69 Cr | ₹87 Cr | ₹91 Cr | ₹80 Cr |
| Other liabilities | ₹57 Cr | ₹75 Cr | ₹63 Cr | ₹118 Cr | ₹125 Cr | ₹115 Cr |
| Total liabilities | ₹244 Cr | ₹254 Cr | ₹252 Cr | ₹339 Cr | ₹442 Cr | ₹385 Cr |
| Fixed assets | ₹187 Cr | ₹186 Cr | ₹185 Cr | ₹188 Cr | ₹207 Cr | ₹212 Cr |
| Capital work in progress | ₹0 Cr | ₹2 Cr | ₹0 Cr | ₹1 Cr | ₹11 Cr | ₹1 Cr |
| Investments | ₹6 Cr | ₹5 Cr | ₹6 Cr | ₹6 Cr | ₹15 Cr | ₹14 Cr |
| Other assets | ₹51 Cr | ₹60 Cr | ₹61 Cr | ₹144 Cr | ₹209 Cr | ₹158 Cr |
| Total assets | ₹244 Cr | ₹254 Cr | ₹252 Cr | ₹339 Cr | ₹442 Cr | ₹385 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +9.72 pp while the public trimmed −9.71 pp. The shareholder count grew 6% to 14,692.
- Promoters
- 72.4%
- Public
- 27.6%
Since Jun 2025
- Promoters +9.72 pp
- Public −9.71 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 74.0% to 72.4% — −1.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 74.0%, Public 25.9%.Dec '23: Promoters 74.0%, Public 25.9%.Mar '24: Promoters 74.0%, FIIs 0.1%, Public 25.9%.Jun '24: Promoters 62.7%, FIIs 0.1%, DIIs 0.3%, Public 37.0%.Sep '24: Promoters 62.7%, FIIs 0.3%, DIIs 0.3%, Public 36.7%.Dec '24: Promoters 62.7%, FIIs 0.3%, Public 37.0%.Mar '25: Promoters 62.7%, Public 37.3%.Jun '25: Promoters 62.7%, Public 37.3%.Sep '25: Promoters 72.8%, Public 27.2%.Dec '25: Promoters 72.8%, Public 27.2%.Mar '26: Promoters 72.5%, Public 27.4%.Jun '26: Promoters 72.4%, Public 27.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Batliboi above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Nirmal Pratap Bhogilal | 29.75% | −0.05 pp |
| Bhogilal Family trust | 14.82% | unchanged |
| Kabir Nirmal Bhogilal | 11.21% | unchanged |
| Batliboi International Ltd. | 5.72% | unchanged |
| Pranir Trustees Private Limited | 4.05% | unchanged |
| Sheela Bhogilal | 3.69% | unchanged |
| Authum Investment And Infrastructure Limited NBFC / DFI | 2.65% | unchanged |
| Paryank Ramesh Shah | 1.79% | unchanged |
| Nirbhag Investments Pvt Ltd | 1.31% | unchanged |
| Pramaya Shares And Securities Pvt Ltd | 1.27% | unchanged |
| Bhagmal Investments Pvt Ltd | 0.51% | unchanged |
| Maya Bhogilal | 0.04% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Batliboi
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