BATLIBOI
Batliboi financials
- Market cap
- ₹423 Cr
- Sector
- Capital Goods
- Calls analysed
- 5
Batliboi Limited Q1 FY27
What went well
- Total revenue for Q1 FY27 was INR 125 crores, maintaining performance from Q1 FY26.
- EBITDA margin remained stable at 4% for the quarter.
- Strong order inflow of INR 283 crores and a healthy order backlog of INR 618 crores provide good visibility.
What to watch
- The company's Q1 FY27 revenue of INR 125 crores shows no year-on-year growth compared to Q1 FY26, despite claims of 'better performance'.
- An analyst highlighted a discrepancy in the machine tool segment's trading income calculation, which management attributed to rounding but did not fully resolve during the call.
What Batliboi Limited does
Batliboi manufactures and trades CNC and conventional machine tools (vertical machining/turning centers, radial drilling machines) through its Machine Tools division, and represents leading global textile-machinery makers for spinning, knitting, processing and technical textiles under its Textile Engineering group, which also supplies air engineering systems (humidification, ventilation, air-conditioning) to textile and non-textile plants. Its Environmental Engineering group designs and builds air-pollution-control systems, industrial fans/blowers and hydrogen-gas solutions, and a subsidiary, Bioconserve Renewables Envirotech, offers industrial water and effluent (zero-liquid-discharge) treatment plants. Canadian subsidiary Quickmill Inc. designs, manufactures and sells large gantry drilling and milling machines to energy, structural-steel, aviation and job-shop manufacturers worldwide.
Segments
- Machine Tools
- Textile Engineering
- Environmental Engineering
- Quickmill Inc (Canada subsidiary)
- Bioconserve Renewables Envirotech (subsidiary)
- Employees
- 506 (incl. Quickmill Canada & Environmental Engineering)
- Manufacturing locations
- 2 (Surat, India; Peterborough, Ontario, Canada)
- Export presence
- 20+ countries
- India sales/branch offices
- 15+
- Machine Tools service network
- 60 trained engineers/technicians
- Machines installed (Machine Tools division, 4QFY26)
- 115
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 1 delivered 4 missed 12 open- Debt-to-Equity Ratio went quiet said Q4 FY26 Promised: sustain 0.28x level Q1 FY27: No mention of the debt-to-equity ratio in the Q1 FY27 earnings call or materials.
- Land sale proceeds delayed said Q1 FY26 Promised: Sell 4 acres to fetch roughly INR 40 crores to repay promoter loan Q1 FY27: Management confirmed they continue to look for a buyer for the Surat factory land, but nothing concrete has happened.
- Top-line growth delivered, diluted said Q1 FY26 Promised: 10% to 12% growth in revenue Q4 FY26: Achieved 7% YoY revenue growth for FY26 (to INR 440 cr), meeting the revised guidance of 7-9% but missing the original 10-12% target.
All 17 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 +5.0% YTD
YTD: ₹81.85 on 20 Apr 2026 → ₹85.91. High ₹102.67 (6 Aug 2026), low ₹73.03 (9 Jun 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.6%
- 11 Aug
- Q4 FY26
- −1.0%
- 21 May
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 12.1% a year over 2 years, FY24 to FY26. Operating margin narrowed to 1.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹236 Cr | ₹291 Cr | ₹297 Cr |
| Operating profit | ₹10 Cr | ₹8 Cr | ₹4 Cr |
| Operating margin | 4.4% | 2.6% | 1.2% |
| Interest | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Depreciation | ₹3 Cr | ₹4 Cr | ₹5 Cr |
| Net profit | ₹6 Cr | ₹6 Cr | ₹-5 Cr |
| Net margin | 2.3% | 2.0% | -1.7% |
| Cash from operations | ₹-6 Cr | ₹-5 Cr | ₹14 Cr |
| Free cash flow | ₹-11 Cr | ₹-19 Cr | ₹0 Cr |
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 Limited 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.
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Batliboi Limited
Guides on how to read this kind of business and the numbers that matter.