BIRLACORPN
Birla Corporation share price & financials
- Price
- ₹1,018.3
- Market cap
- ₹6.7k Cr
- Sector
- Construction Materials
- Calls analysed
- 7
Birla Corporation Limited Q1 FY27
What went well
- Underlying realization, adjusted for incentives and year-end factors, increased by INR 80 per ton sequentially, indicating improved pricing power in core operations.
- Management maintained its FY27 capex guidance of INR 900 crores and net debt target of approximately INR 2,000 crores, signaling financial discipline and clear capital allocation plans.
- Capacity expansion plans, including Kundanganj Line 2, are on track for 27.6 MT by FY29, demonstrating commitment to long-term growth.
What to watch
- Overall realization was impacted by a INR 40 per ton reduction, partly due to a price rollback in blended cement and lower incentives booked (INR 33 crores vs. INR 60 crores in Q4 last year).
- Fuel costs are expected to increase by INR 70-80 per ton sequentially in Q2 FY27, adding pressure on profitability.
What Birla Corporation Limited does
Birla Corporation manufactures and sells cement under the MP Birla Cement brand through its own operations and wholly-owned subsidiary RCCPL Private Limited, running integrated and grinding units across northern, central and western India. Its Birla Jute Mills unit near Kolkata, the company's original 1919 business, processes raw jute into jute goods and value-added products for domestic and export markets. The company earns primarily by selling cement (including a growing premium and blended-cement mix sold through trade and institutional channels) and jute goods, and is extending into ready-mix concrete and construction chemicals as brand adjacencies.
Segments
- Cement
- Jute
- Installed cement capacity
- 21.5 million tons/year
- Cement plants
- 10 plants across 8 locations
- Jute goods installed capacity
- 52,631 metric tons
- Geographic footprint
- Northern, central and western India, spanning from Gujarat in the west to West Bengal in the east, with recent entry into Maharashtra and Gujarat
- Direct employment
- 7,071 employees
- Indirect employment
- 9,201 workers
Guidance record · Q1 FY27
what the last two calls moved 16 tracked 3 delivered 2 missed 11 open- FY25 Capex delivered said Q3 FY25 Promised: INR 500 crores Q1 FY27: This is a closed promise related to a past fiscal year and was not discussed.
- Total Capacity by FY29 revised up said Q4 FY25 Promised: 27.6 million tons Q1 FY27: Guidance reiterated and revised back up to 27.6 MT by FY29. Management confirms they are on track.
- Total Capacity by FY28 on track said Q4 FY25 Promised: 25 million tonnes by Q3 FY28 Q1 FY27: The broader FY29 capacity expansion plan was confirmed to be on track, implying progress towards the interim FY28 goal.
All 16 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 7.8%, net profit down 3.3% 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 | 1,953 | 2,257 | 2,815 | 2,454 | 2,207 +13% | 2,159 −4% | 2,836 +1% | 2,646 +8% |
| EBITDA | 177 | 248 | 534 | 347 | 305 +72% | 293 +18% | 510 −4% | 342 −1% |
| Net profit | -25 | 31 | 257 | 120 | 90 +460% | 53 +71% | 295 +15% | 116 −3% |
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 −36.1% 1Y
1Y: ₹1,291.4 on 10 Sept 2025 → ₹825.15. High ₹1,301.9 (22 Sept 2025), low ₹782.4 (13 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −4.9%
- 25 Jul
- Q4 FY26
- +4.9%
- 11 May
- Q3 FY26
- −2.9%
- 31 Jan
- Q2 FY26
- −2.3%
- 10 Nov
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 3.6% a year over 3 years, FY23 to FY26. Operating margin widened to 15.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹8.7k Cr | ₹9.7k Cr | ₹9.2k Cr | ₹9.7k Cr |
| Operating profit | ₹771 Cr | ₹1.4k Cr | ₹1.2k Cr | ₹1.5k Cr |
| Operating margin | 8.9% | 14.9% | 13.2% | 15.1% |
| Interest | ₹339 Cr | ₹371 Cr | ₹327 Cr | ₹265 Cr |
| Depreciation | ₹510 Cr | ₹578 Cr | ₹572 Cr | ₹532 Cr |
| Net profit | ₹41 Cr | ₹420 Cr | ₹296 Cr | ₹558 Cr |
| Net margin | 0.5% | 4.3% | 3.2% | 5.8% |
| Cash from operations | ₹805 Cr | ₹1.6k Cr | ₹1.7k Cr | ₹950 Cr |
| Free cash flow | ₹179 Cr | ₹1.1k Cr | ₹1.2k Cr | ₹483 Cr |
| ROCE | 4.0% | 9.0% | 7.0% | 10.0% |
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 | ₹77 Cr | ₹77 Cr | ₹77 Cr | ₹77 Cr | ₹77 Cr | ₹77 Cr |
| Reserves | ₹5.4k Cr | ₹6.0k Cr | ₹5.9k Cr | ₹6.6k Cr | ₹7.1k Cr | ₹7.3k Cr |
| Borrowings | ₹4.1k Cr | ₹4.3k Cr | ₹4.5k Cr | ₹3.9k Cr | ₹3.2k Cr | ₹3.4k Cr |
| Other liabilities | ₹3.3k Cr | ₹3.5k Cr | ₹3.6k Cr | ₹3.9k Cr | ₹3.8k Cr | ₹3.8k Cr |
| Total liabilities | ₹12.9k Cr | ₹13.9k Cr | ₹14.1k Cr | ₹14.5k Cr | ₹14.1k Cr | ₹14.6k Cr |
| Fixed assets | ₹7.3k Cr | ₹7.6k Cr | ₹9.8k Cr | ₹9.8k Cr | ₹9.4k Cr | ₹9.6k Cr |
| Capital work in progress | ₹2.1k Cr | ₹2.6k Cr | ₹358 Cr | ₹481 Cr | ₹642 Cr | ₹471 Cr |
| Investments | ₹752 Cr | ₹1.0k Cr | ₹867 Cr | ₹1.3k Cr | ₹1.3k Cr | ₹1.6k Cr |
| Other assets | ₹2.7k Cr | ₹2.7k Cr | ₹3.0k Cr | ₹2.9k Cr | ₹2.8k Cr | ₹2.9k Cr |
| Total assets | ₹12.9k Cr | ₹13.9k Cr | ₹14.1k Cr | ₹14.5k Cr | ₹14.1k Cr | ₹14.6k 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, DIIs added +1.42 pp while FIIs trimmed −0.92 pp. The shareholder count shrank 30% to 88,705.
- Promoters
- 62.9%
- FIIs
- 6.1%
- DIIs
- 17.0%
- Public
- 14.0%
Since Jun 2025
- DIIs +1.42 pp
- FIIs −0.92 pp
- Public −0.50 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 62.9%, FIIs 6.6%, DIIs 16.0%, Public 14.5%.Dec '23: Promoters 62.9%, FIIs 6.5%, DIIs 16.2%, Public 14.5%.Mar '24: Promoters 62.9%, FIIs 6.8%, DIIs 15.6%, Public 14.7%.Jun '24: Promoters 62.9%, FIIs 6.0%, DIIs 16.3%, Public 14.8%.Sep '24: Promoters 62.9%, FIIs 5.5%, DIIs 16.2%, Public 15.4%.Dec '24: Promoters 62.9%, FIIs 5.6%, DIIs 16.2%, Public 15.2%.Mar '25: Promoters 62.9%, FIIs 6.3%, DIIs 15.6%, Public 15.2%.Jun '25: Promoters 62.9%, FIIs 7.0%, DIIs 15.6%, Public 14.5%.Sep '25: Promoters 62.9%, FIIs 6.7%, DIIs 15.8%, Public 14.6%.Dec '25: Promoters 62.9%, FIIs 6.5%, DIIs 15.5%, Public 15.1%.Mar '26: Promoters 62.9%, FIIs 6.3%, DIIs 16.7%, Public 14.1%.Jun '26: Promoters 62.9%, FIIs 6.1%, DIIs 17.0%, Public 14.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- BANDHAN MUTUAL FUND (Shares held in their various schemes) Mutual fund newly disclosed 1.48% held
- Sachin Bansal newly disclosed 1.09% held
- HSBC MUTUAL FUND (Shares held in their various Schemes) Mutual fund +0.09 pp 2.44% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Birla Corporation Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hindustan Medical Institution | 9.30% | unchanged |
| Vindhya Telelinks Limited | 8.29% | unchanged |
| August Agents Limited | 7.81% | unchanged |
| Insilco Agents Limited | 7.80% | unchanged |
| Laneseda Agents Limited | 7.78% | unchanged |
| The Punjab Produce And Trading Co Pvt Ltd | 5.87% | unchanged |
| Punjab Produce Holdings Limited | 4.76% | unchanged |
| Eastern India Educational Institution | 4.36% | unchanged |
| HDFC MUTUAL FUND (Shares held in their various schemes) Mutual fund | 4.30% | unchanged |
| NIPPON LIFE INDIA TRUSTEE LTD (Shares held in their various Schemes) Mutual fund | 3.50% | unchanged |
| HSBC MUTUAL FUND (Shares held in their various Schemes) Mutual fund | 2.44% | +0.09 pp |
| Gwalior Webbing Company Private Limited | 2.31% | 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.
Mutual funds in BIRLACORPN
Filings to Aug 2026
0 new, 0 added, 1 trimmed, 0 sold out — net −0.19 L shares (−0.3%).
- Held by funds
- ₹529 Cr
- 6 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹235 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹235 Cr | held | May '18 |
| HDFC ELSS Tax saver HDFC Mutual Fund | ₹89 Cr | held | Oct '24 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹87 Cr | held | Dec '22 |
| HDFC Manufacturing Fund HDFC Mutual Fund | ₹68 Cr | held | May '24 |
| HDFC Infrastructure Fund HDFC Mutual Fund | ₹29 Cr | −0.19 L | Dec '22 |
| HDFC Housing Opportunities Fund HDFC Mutual Fund | ₹20 Cr | held | Jun '23 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 1 trimmed — net −18,930 shares (−0.3%)
- Funds are sitting on
- +6%
- vs est. average cost
- Held by funds
- ₹529 Cr
- 6 schemes · ≈ 9.1% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹235 Cr · 0.3% of that fund
Shares held by these funds +41%
Aug '23 59.93 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Birla Corporation Limited
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