522650
Bemco Hydraulics financials
- Market cap
- ₹477 Cr
- Sector
- Capital Goods
What Bemco Hydraulics does
Bemco Hydraulics Limited manufactures hydraulic equipment — pumps, valves, motors, power packs and manifold blocks — along with fabricated MS round, plate, sheet and pipe components, from its works at Udyambag, Belgaum (Karnataka). It sells these products directly and through its LLP subsidiary Bemco Fluidtechnik. In February 2024 it acquired Pegasys Machines Private Limited, which manufactures automatic shaft-straightening machines, gear roll testers and PLC/PC-based automation systems and is described as the sole manufacturer of this straightening-machine technology in India, extending the group into machine-tool automation.
Segments
- Hydraulic equipment & fabrication
- Machine tools & automation (Pegasys Machines, subsidiary)
- Manufacturing / works location
- 1 (Udyambag Industrial Estate, Belgaum, Karnataka)
- Permanent employees
- 306
- Subsidiaries
- 2 (Pegasys Machines Pvt Ltd — 100% owned; Bemco Fluidtechnik LLP)
- Core hydraulic product lines
- Pumps, valves, motors, power packs, manifold blocks
- Pegasys product range
- Shaft-straightening machines, gear roll testers, PLC/PC-based automation systems
- Market position — automatic straightening machines (Pegasys)
- Sole manufacturer of this technology in India
Quarterly results
Q1 FY27: revenue up 33.0%, net profit up 88.9% 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 | 25 | 22 | 39 | 12 | 22 −10% | 25 +16% | 38 −4% | 16 +33% |
| EBITDA | 5 | 5 | 8 | 2 | 6 +11% | 6 +13% | 9 +12% | 3 +48% |
| Net profit | 3 | 3 | 5 | 1 | 4 +16% | 4 +21% | 5 +3% | 3 +89% |
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 −20.1% 1Y
1Y: ₹136.6 on 10 Sept 2025 → ₹109.15. High ₹143.45 (13 Oct 2025), low ₹60.18 (30 Mar 2026).
Financials, as filed
Revenue grew 26.1% a year over 3 years, FY23 to FY26. Operating margin widened to 23.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹48 Cr | ₹85 Cr | ₹100 Cr | ₹97 Cr |
| Operating profit | ₹7 Cr | ₹13 Cr | ₹20 Cr | ₹23 Cr |
| Operating margin | 14.1% | 15.8% | 20.3% | 23.6% |
| Interest | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Net profit | ₹4 Cr | ₹8 Cr | ₹13 Cr | ₹15 Cr |
| Net margin | 8.1% | 9.4% | 12.5% | 15.3% |
| Cash from operations | ₹-7 Cr | ₹10 Cr | ₹13 Cr | ₹16 Cr |
| Free cash flow | ₹-7 Cr | ₹7 Cr | ₹12 Cr | ₹15 Cr |
| ROCE | 11.0% | 19.0% | 24.0% | 23.0% |
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 | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹4 Cr | ₹4 Cr |
| Reserves | ₹35 Cr | ₹41 Cr | ₹45 Cr | ₹53 Cr | ₹71 Cr | ₹80 Cr |
| Borrowings | ₹11 Cr | ₹13 Cr | ₹14 Cr | ₹22 Cr | ₹16 Cr | ₹18 Cr |
| Other liabilities | ₹36 Cr | ₹34 Cr | ₹33 Cr | ₹44 Cr | ₹46 Cr | ₹45 Cr |
| Total liabilities | ₹85 Cr | ₹91 Cr | ₹94 Cr | ₹121 Cr | ₹137 Cr | ₹147 Cr |
| Fixed assets | ₹44 Cr | ₹44 Cr | ₹43 Cr | ₹57 Cr | ₹56 Cr | ₹55 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹5 Cr | ₹15 Cr |
| Other assets | ₹40 Cr | ₹46 Cr | ₹51 Cr | ₹63 Cr | ₹76 Cr | ₹76 Cr |
| Total assets | ₹85 Cr | ₹91 Cr | ₹94 Cr | ₹121 Cr | ₹137 Cr | ₹147 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
The ownership split has held steady since Jun 2025. The shareholder count grew 168% to 7,981.
- Promoters
- 74.7%
- Public
- 25.3%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.7%, Public 25.3%.Dec '23: Promoters 74.7%, Public 25.3%.Mar '24: Promoters 74.7%, Public 25.3%.Jun '24: Promoters 74.7%, Public 25.3%.Sep '24: Promoters 74.7%, Public 25.3%.Dec '24: Promoters 74.7%, Public 25.3%.Mar '25: Promoters 74.7%, Public 25.3%.Jun '25: Promoters 74.7%, Public 25.3%.Sep '25: Promoters 74.7%, Public 25.3%.Dec '25: Promoters 74.7%, Public 25.3%.Mar '26: Promoters 74.7%, Public 25.3%.Jun '26: Promoters 74.7%, Public 25.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bemco Hydraulics above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mohta Capital Private Limited | 55.73% | unchanged |
| Anirudh Mohta | 18.19% | unchanged |
| Bemco Hydraulics Limited Unclaimed Suspense Account | 3.29% | unchanged |
| Mini Builders Private Limited | 2.93% | unchanged |
| Hitesh Ramji Javeri | 2.46% | unchanged |
| Harsha Hitesh Javeri | 2.29% | unchanged |
| Santosh Kr Kejriwal Securities Private Limited | 2.07% | unchanged |
| Ananya Mohta | 0.76% | 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.
What the price assumes
AttractiveTo justify its price of ₹109, this stock must grow earnings at 20% every year for 7 years. Our analysis caps realistic growth at ~57%. At that growth it is worth ₹619 — upside of 467%.
- Growth the price implies
- 19.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 56.2% a year
- net profit, FY23–FY26 · EPS 56.9%
- The gap
- -0.4 pp
- 467% downside if it only repeats history
Learn to analyse Bemco Hydraulics
Guides on how to read this kind of business and the numbers that matter.