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Bedmutha Industries Overview

1. Business Overview

Bedmutha Industries Ltd. is an Indian company primarily engaged in the manufacturing and processing of various steel and iron products. Operating within the Steel & Iron Products sector, the company's core business model involves converting raw materials (like wire rods) into finished value-added products. It generates revenue by selling these manufactured steel and iron products, likely catering to a diverse clientele across sectors such as infrastructure, construction, automotive, agriculture, and general manufacturing, on a business-to-business (B2B) basis. Specific products could include steel wires, wire mesh, fasteners, or other fabricated metal items.

2. Key Segments / Revenue Mix

Without specific financial data, the exact revenue mix for Bedmutha Industries Ltd. is not available. However, based on its industry, potential segmentation could involve different product categories such as:

Steel Wires: Covering a range of applications (e.g., galvanized wire, barbed wire, high carbon wire).

Wire Mesh: Used in construction, fencing, and industrial applications.

Other Value-Added Steel Products: This could include industrial fasteners, gabions, or specialized fabricated items.

Revenue is primarily derived from the sale of these manufactured goods to various end-user industries.

3. Industry & Positioning

The Indian steel and iron products industry is characterized by a mix of large integrated steel producers and numerous smaller, specialized re-rollers and fabricators. It is highly cyclical, closely tied to economic growth, infrastructure development, and industrial output. Bedmutha Industries Ltd. likely operates as a specialized player within the value-added segment of this industry, focusing on specific product lines like wires or wire mesh rather than primary steel production. Its positioning would depend on factors like product quality, manufacturing efficiency, regional market presence, and customer relationships, competing with both larger diversified players and other specialized manufacturers.

4. Competitive Advantage (Moat)

In the steel and iron products sector, significant durable competitive advantages are challenging for smaller players. Bedmutha's potential competitive advantages could stem from:

Operational Efficiency: Streamlined manufacturing processes and cost control to offer competitive pricing.

Product Specialization & Quality: Developing expertise in specific wire products or mesh, and maintaining consistent quality that meets industry standards or niche customer requirements.

Established Customer Relationships: Long-standing trust and supply agreements with key industrial clients.

Regional Presence: Strong distribution networks or market dominance in specific geographic areas within India.

Brand recognition in B2B heavy industries tends to be less about consumer brand and more about reliability and adherence to specifications.

5. Growth Drivers

Key factors that can drive growth for Bedmutha Industries Ltd. over the next 3-5 years include:

Government Infrastructure Push: Increased spending on roads, railways, ports, and urban development in India, driving demand for steel products.

Construction and Real Estate Growth: Expanding housing and commercial construction activities.

Automotive and Manufacturing Sector Expansion: Growth in these end-user industries requiring steel components and wire products.

Urbanization and Industrialization: Overall economic development and increased industrial output in India.

Product Diversification/Expansion: Introduction of new value-added products or expansion into new markets.

6. Risks

Bedmutha Industries Ltd. faces several risks inherent to its industry:

Commodity Price Volatility: Fluctuations in raw material prices (e.g., wire rods, zinc for galvanization) can impact profitability.

Intense Competition & Pricing Pressure: The fragmented nature of the industry leads to fierce competition, potentially compressing margins.

Economic Downturn: A slowdown in the Indian economy or key end-user sectors (construction, manufacturing) would reduce demand.

Interest Rate Sensitivity: As a manufacturing company, it likely has significant capital expenditure and working capital requirements, making it sensitive to interest rate changes.

Regulatory & Environmental Compliance: Evolving environmental norms and industrial regulations could necessitate additional investments or operational changes.

7. Management & Ownership

Bedmutha Industries Ltd., like many Indian companies, is likely promoter-led, with significant ownership held by the founding family or group. Management quality would depend on their experience in the steel and manufacturing sector, strategic vision, operational expertise, and corporate governance practices. Promoter holding often ensures long-term commitment but can also influence strategic decisions. Specific details on the current management team and their track record would require further analysis.

8. Outlook

Bedmutha Industries Ltd. operates in a sector poised to benefit from India's projected economic growth and government-led infrastructure development. The sustained demand from construction, automotive, and manufacturing sectors provides a strong tailwind for steel and iron product manufacturers. However, the company remains exposed to the inherent cyclicality of the steel industry, marked by volatile raw material prices and intense competition that can impact profitability. Its ability to maintain operational efficiencies, manage input costs, and potentially expand its product portfolio or market reach will be crucial for navigating these challenges and capitalizing on the opportunities presented by India's industrialization.

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Bedmutha Industries Key Financials

Market Cap ₹356 Cr.

Stock P/E 14.4

P/B 2.6

Current Price ₹110.5

Book Value ₹ 42.5

Face Value 10

52W High ₹186

Dividend Yield 0%

52W Low ₹ 94.6

Bedmutha Industries Share Price

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Volume
Price

Bedmutha Industries Quarterly Price

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Bedmutha Industries Peer Comparison

Bedmutha Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 199 192 229 243 251 274 282 311 364 357
Other Income 11 14 15 12 18 10 6 1 1 1
Total Income 210 206 244 255 269 284 288 311 365 358
Total Expenditure 191 185 222 232 245 268 272 300 349 346
Operating Profit 19 22 23 23 25 16 16 11 15 12
Interest 9 8 9 8 9 9 9 9 10 10
Depreciation 7 7 7 5 5 5 5 6 6 6
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 6 7 10 11 2 2 -3 -1 -4
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 4 6 7 10 11 2 2 -3 -1 -4
Adjustments 0 0 -0 0 0 0 -0 0 0 -0
Profit After Adjustments 4 6 7 10 11 2 2 -3 -1 -4
Adjusted Earnings Per Share 1.2 2 2.1 3.1 3.3 0.7 0.6 -1 -0.3 -1.2

Bedmutha Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 327 501 699 604 491 361 388 660 687 812 1049 1314
Other Income 5 5 22 34 29 27 311 58 62 56 47 9
Total Income 332 506 720 638 520 388 700 719 749 868 1096 1322
Total Expenditure 311 486 669 642 492 362 405 644 670 786 1016 1267
Operating Profit 20 19 51 -4 29 26 294 75 79 83 80 54
Interest 23 41 59 60 65 64 62 32 34 36 36 38
Depreciation 9 20 28 27 33 33 36 33 32 27 20 23
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -12 -41 -36 -91 -70 -71 197 9 13 21 25 -6
Provision for Tax -3 -1 0 0 0 0 1 0 0 0 0 0
Profit After Tax -8 -40 -36 -91 -70 -71 196 9 13 21 25 -6
Adjustments -0 -0 -0 4 -0 -0 -0 0 0 0 0 0
Profit After Adjustments -9 -40 -36 -87 -71 -71 196 9 13 21 25 -6
Adjusted Earnings Per Share -4.1 -18.9 -14.7 -35.4 -28.7 -29 60.7 2.9 4 6.5 7.7 -1.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 29% 17% 24% 12%
Operating Profit CAGR -4% 2% 25% 15%
PAT CAGR 19% 41% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -35% 26% 37% 21%
ROE Average 19% 17% 13% -39%
ROCE Average 17% 15% 26% 12%

Bedmutha Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 121 92 66 -21 -91 -162 77 87 100 120 145
Minority's Interest 7 7 4 -0 -0 -0 0 0 0 0 0
Borrowings 189 226 252 248 230 217 208 172 156 148 140
Other Non-Current Liabilities 50 35 27 16 17 17 17 23 23 47 91
Total Current Liabilities 191 255 326 369 416 407 164 209 221 250 279
Total Liabilities 557 615 675 611 572 479 466 490 499 566 655
Fixed Assets 101 265 241 273 240 208 189 163 144 156 179
Other Non-Current Assets 225 73 128 73 84 84 52 58 51 43 56
Total Current Assets 229 276 306 265 248 187 225 270 305 367 420
Total Assets 557 615 675 611 572 479 466 490 499 566 655

Bedmutha Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 19 30 19 25 34 13 13 13 10 17 12
Cash Flow from Operating Activities 28 -14 29 7 23 77 58 71 72 74 109
Cash Flow from Investing Activities -75 -36 -30 -11 -2 -3 -5 -11 -8 -28 -56
Cash Flow from Financing Activities 58 39 6 14 -42 -74 -53 -62 -57 -51 -52
Net Cash Inflow / Outflow 11 -11 6 9 -21 0 -0 -3 7 -5 1
Closing Cash & Cash Equivalent 30 19 25 34 13 13 13 10 17 12 13

Bedmutha Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -4.12 -18.93 -14.73 -35.39 -28.74 -29.03 60.75 2.91 4.03 6.49 7.69
CEPS(Rs) 0.48 -9.49 -3.11 -26.1 -15.03 -15.48 71.83 13.14 13.92 14.76 13.74
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 56.68 42.75 27.02 -8.38 -37.11 -66.02 23.91 26.81 30.85 37.34 45.03
Core EBITDA Margin(%) 4.39 2.59 3.9 -6.05 -0.13 -0.29 -4.4 2.47 2.43 3.23 3.2
EBIT Margin(%) 3.05 -0.07 3.01 -4.95 -0.97 -1.86 66.59 6.34 6.86 6.96 5.8
Pre Tax Margin(%) -3.32 -7.5 -4.76 -14.69 -14.3 -19.69 50.72 1.42 1.89 2.58 2.37
PAT Margin (%) -2.37 -7.29 -4.77 -14.69 -14.32 -19.71 50.47 1.42 1.89 2.58 2.37
Cash Profit Margin (%) 0.28 -3.66 -1.01 -10.35 -7.51 -10.52 59.67 6.42 6.54 5.87 4.22
ROA(%) -1.7 -6.79 -5.59 -14.14 -11.9 -13.54 41.49 1.96 2.63 3.93 4.07
ROE(%) -7 -38.06 -46.14 -397.56 0 0 0 11.46 13.99 19.04 18.68
ROCE(%) 3.23 -0.09 5.12 -6.61 -1.08 -1.76 71.19 11.23 13.21 16.01 16.95
Receivable days 54.36 53.81 53.21 58.05 44.22 47.79 52.81 33.85 34.6 39.21 42.5
Inventory Days 74.6 62.99 48.1 40.2 24.49 36.92 37.92 28.82 36.76 30.63 23.68
Payable days 116.05 112.62 95.82 92.52 73.82 32.85 42.72 49 67.42 71.93 69.67
PER(x) 0 0 0 0 0 0 0.33 24.1 15 32.93 21.1
Price/Book(x) 0.29 0.28 1.05 -1.96 -0.47 -0.24 0.85 2.61 1.96 5.72 3.6
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.78 0.68 0.63 0.81 1.1 1.47 0.92 0.74 0.63 1.12 0.69
EV/Core EBITDA(x) 12.48 17.44 8.63 -127.7 18.88 20.07 1.22 6.58 5.46 11.06 9.07
Net Sales Growth(%) 44.58 52.99 39.55 -13.5 -18.71 -26.54 7.64 69.99 4.03 18.23 29.23
EBIT Growth(%) -35.62 -103.37 6281.54 -234.65 84.48 -40.98 3965.1 -83.82 12.57 19.99 7.61
PAT Growth(%) -712.41 -368.39 9.44 -152.26 22.6 -1.08 375.66 -95.22 38.74 61 18.51
EPS Growth(%) -896.15 -359.42 22.16 -140.21 18.8 -1 309.27 -95.22 38.74 61 18.51
Debt/Equity(x) 2.1 3.7 6 -23.46 -5.59 -3.12 3.97 3.19 2.53 1.95 1.5
Current Ratio(x) 1.2 1.08 0.94 0.72 0.59 0.46 1.37 1.29 1.38 1.47 1.51
Quick Ratio(x) 0.72 0.7 0.62 0.63 0.52 0.36 1.13 0.98 1.04 1.22 1.24
Interest Cover(x) 0.48 -0.01 0.39 -0.51 -0.07 -0.1 4.2 1.29 1.38 1.59 1.69
Total Debt/Mcap(x) 7.13 13.2 5.72 11.95 11.93 13.03 4.69 1.22 1.29 0.34 0.42

Bedmutha Industries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 57.05 57.05 57.05 57.05 57.05 57.05 57.05 57.05 57.05 57.05
FII 0.01 0.03 0.03 0.05 0 0 0.01 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 42.94 42.92 42.93 42.91 42.95 42.95 42.95 42.95 42.95 42.95
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Bedmutha Industries News

Bedmutha Industries Pros & Cons

Pros

  • Debtor days have improved from 71.93 to 69.67days.
  • Company has reduced debt.

Cons

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