WEBSITE BSE:522650 NSE: BEMCO HYDRAU Inc. Year: 1957 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
Last updated: 10:42
No Notes Added Yet
1. Business Overview
Bemco Hydraulics Ltd. is an Indian company operating in the Engineering - Industrial Equipments sector. Based on its name and industry, the company is primarily involved in the design, manufacture, and sale of hydraulic equipment and systems. This likely includes products such as hydraulic cylinders, power packs, presses, valves, and other customized hydraulic solutions used across various industrial applications. Its core business model is Business-to-Business (B2B), supplying these critical components and systems to manufacturing, construction, material handling, automotive, and other industrial sectors. The company makes money through the sale of its manufactured products, potentially supported by revenue from aftermarket services like spare parts, maintenance, and installation.
2. Key Segments / Revenue Mix
Without specific company data, the exact revenue mix is not available. However, typical segments for a hydraulics company in this sector might include:
Hydraulic Cylinders: Standard and custom-designed cylinders for various applications.
Hydraulic Power Packs: Integrated systems providing hydraulic power.
Hydraulic Presses: Machinery for forming, bending, and cutting materials.
Valves & Controls: Components for managing hydraulic flow and pressure.
Customized Hydraulic Systems: Solutions tailored to specific client requirements.
After-sales Service & Spares: Revenue from maintenance contracts, repairs, and sale of spare parts.
The primary revenue source would generally be the sale of finished hydraulic equipment and components.
3. Industry & Positioning
The "Engineering - Industrial Equipments" sector in India is diverse and generally cyclical, closely tied to industrial capital expenditure (capex) cycles and overall economic growth. The hydraulics segment within this industry is competitive, featuring both domestic and international players. Bemco Hydraulics likely competes with other Indian manufacturers specializing in hydraulic components and systems, as well as potentially larger, more diversified engineering firms or global players with a local presence. Its positioning would depend on its specialization, product quality, customization capabilities, and market share within specific hydraulic product categories.
4. Competitive Advantage (Moat)
Bemco Hydraulics may possess competitive advantages based on:
Product Quality & Reliability: Critical for industrial applications where equipment downtime is costly. A track record of durable and high-performance products can build customer trust.
Customization Capabilities: The ability to design and manufacture tailored hydraulic solutions for specific industrial needs can create switching costs for clients.
Established Customer Relationships: Long-standing relationships with industrial clients built on trust and reliable service.
After-sales Service Network: An efficient service and spare parts network can reduce operational risks for clients and strengthen loyalty.
Technical Expertise: Specialized engineering knowledge in hydraulics, potentially developed over years of operation.
Without specific details, the strength of these advantages (i.e., whether they constitute a durable "moat") cannot be definitively assessed, but these are common areas for competitive differentiation in this industry.
5. Growth Drivers
Key factors that can drive growth for Bemco Hydraulics over the next 3-5 years include:
Government Initiatives: "Make in India" and infrastructure development projects (roads, railways, ports) driving demand for industrial equipment.
Manufacturing Sector Growth: Expansion and modernization across various industries (e.g., automotive, construction equipment, material handling, heavy engineering).
Technological Upgrades: Demand for more energy-efficient, automated, and precision hydraulic systems.
Exports: Tapping into international markets for specialized hydraulic components.
Diversification: Expanding into new application areas or developing advanced hydraulic solutions.
6. Risks
Cyclical Demand: The industrial equipment sector is highly sensitive to economic cycles and capital expenditure trends, leading to volatility in order books.
Raw Material Price Volatility: Fluctuations in prices of key raw materials (e.g., steel, castings, specialized alloys) can impact manufacturing costs and margins.
Intense Competition: Competition from both domestic and international players can lead to pricing pressure and market share erosion.
Technological Obsolescence: Rapid advancements in alternative technologies or more efficient hydraulic designs could require continuous R&D investment.
Skilled Labor Availability: Dependence on skilled engineers and technicians for design, manufacturing, and servicing.
Regulatory Changes: Environmental regulations or changes in industrial policy could impact operations or product requirements.
7. Management & Ownership
Typically, Indian engineering companies like Bemco Hydraulics are promoter-led. The quality of management would hinge on their technical expertise, strategic vision, operational efficiency, and ability to navigate industry cycles. Key aspects would include their focus on R&D, customer relations, and talent retention. Ownership is likely concentrated with the promoter family, with the remaining shares held by public investors and potentially institutional investors.
8. Outlook
Bemco Hydraulics operates in a foundational sector for industrial growth. The outlook is balanced, influenced heavily by macroeconomic conditions in India and global industrial trends. A robust "Make in India" drive, increased infrastructure spending, and expansion of various manufacturing sectors present a favorable backdrop for demand for hydraulic equipment. The company's ability to innovate, maintain high product quality, and offer strong after-sales support will be crucial for capturing market share and defending margins in a competitive environment. Conversely, economic slowdowns, sharp increases in raw material costs, or failure to keep pace with technological advancements pose significant challenges. Sustained growth will depend on consistent operational execution and prudent financial management amidst cyclical industry dynamics.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Market Cap ₹374 Cr.
Stock P/E 29.3
P/B 4.7
Current Price ₹85.5
Book Value ₹ 18.1
Face Value 1
52W High ₹188.2
Dividend Yield 0.12%
52W Low ₹ 60
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 | 20 | 13 | 28 | 14 | 25 | 22 | 39 | 12 | 22 | 25 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Total Income | 21 | 14 | 29 | 14 | 25 | 22 | 39 | 12 | 23 | 26 |
| Total Expenditure | 17 | 11 | 24 | 12 | 20 | 17 | 31 | 10 | 17 | 19 |
| Operating Profit | 4 | 2 | 5 | 2 | 6 | 6 | 8 | 3 | 6 | 6 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | 2 | 4 | 1 | 5 | 4 | 7 | 2 | 5 | 5 |
| Provision for Tax | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 0 | 1 | 1 |
| Profit After Tax | 3 | 1 | 2 | 0 | 3 | 3 | 5 | 1 | 4 | 4 |
| Adjustments | -0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | 3 | 1 | 2 | 0 | 3 | 3 | 5 | 1 | 4 | 4 |
| Adjusted Earnings Per Share | 0.6 | 0.3 | 0.5 | 0.1 | 0.8 | 0.8 | 1.2 | 0.3 | 0.9 | 0.9 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 21 | 42 | 42 | 48 | 32 | 64 | 66 | 48 | 84 | 100 | 98 |
| Other Income | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 |
| Total Income | 22 | 43 | 43 | 49 | 33 | 65 | 66 | 49 | 86 | 102 | 100 |
| Total Expenditure | 21 | 38 | 38 | 43 | 29 | 55 | 54 | 42 | 71 | 80 | 77 |
| Operating Profit | 1 | 5 | 5 | 6 | 4 | 10 | 12 | 7 | 14 | 21 | 23 |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -3 | 4 | 1 | 2 | 1 | 7 | 8 | 5 | 12 | 18 | 19 |
| Provision for Tax | 0 | -0 | 0 | 1 | 1 | 3 | 2 | 1 | 4 | 5 | 4 |
| Profit After Tax | -3 | 4 | 1 | 1 | -0 | 4 | 6 | 4 | 8 | 13 | 14 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -3 | 4 | 1 | 1 | -0 | 4 | 6 | 4 | 8 | 13 | 14 |
| Adjusted Earnings Per Share | -0.8 | 0.8 | 0.2 | 0.2 | -0 | 0.9 | 1.3 | 0.9 | 1.8 | 2.9 | 3.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 19% | 15% | 26% | 0% |
| Operating Profit CAGR | 50% | 21% | 39% | 0% |
| PAT CAGR | 63% | 29% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -25% | 39% | 39% | 36% |
| ROE Average | 20% | 15% | 14% | 33% |
| ROCE Average | 24% | 18% | 18% | 14% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 4 | 43 | 33 | 34 | 33 | 37 | 43 | 47 | 55 | 70 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 5 | 3 | 7 | 6 | 6 | 5 | 3 | 3 | 3 | 3 |
| Other Non-Current Liabilities | 0 | 1 | 7 | 7 | 8 | 8 | 9 | 9 | 11 | 5 |
| Total Current Liabilities | 33 | 35 | 34 | 34 | 38 | 34 | 35 | 35 | 51 | 57 |
| Total Liabilities | 43 | 81 | 80 | 81 | 85 | 85 | 91 | 94 | 121 | 136 |
| Fixed Assets | 8 | 43 | 44 | 45 | 44 | 44 | 44 | 43 | 57 | 56 |
| Other Non-Current Assets | 1 | 2 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 |
| Total Current Assets | 34 | 37 | 35 | 34 | 39 | 40 | 46 | 50 | 62 | 75 |
| Total Assets | 43 | 81 | 80 | 81 | 85 | 85 | 91 | 94 | 121 | 136 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 9 | 0 | 2 |
| Cash Flow from Operating Activities | 0 | 5 | 6 | 8 | -2 | 12 | 12 | -7 | 10 | 13 |
| Cash Flow from Investing Activities | -0 | -2 | -2 | -1 | -1 | 0 | -1 | 1 | -14 | -4 |
| Cash Flow from Financing Activities | 0 | -3 | -4 | -7 | 3 | -10 | -6 | -2 | 6 | -6 |
| Net Cash Inflow / Outflow | 0 | 0 | -0 | -0 | 0 | 2 | 6 | -9 | 2 | 4 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 1 | 3 | 9 | 0 | 2 | 6 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.77 | 0.83 | 0.19 | 0.23 | -0.02 | 0.9 | 1.32 | 0.89 | 1.82 | 2.87 |
| CEPS(Rs) | -0.48 | 1.12 | 0.36 | 0.43 | 0.17 | 1.09 | 1.54 | 1.08 | 1.99 | 3.2 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 |
| Book NAV/Share(Rs) | -0.09 | 0.74 | 7.47 | 7.7 | 7.63 | 8.54 | 9.89 | 10.79 | 12.59 | 16.03 |
| Core EBITDA Margin(%) | 0.91 | 9.06 | 11.19 | 10.5 | 10.92 | 15.32 | 16.7 | 13.93 | 15.47 | 19.09 |
| EBIT Margin(%) | -2.84 | 13.92 | 10.46 | 10.25 | 9.96 | 14.79 | 16.17 | 13.14 | 15.82 | 19.06 |
| Pre Tax Margin(%) | -14.18 | 7.82 | 2.91 | 3.98 | 1.87 | 10.83 | 12.18 | 9.45 | 13.73 | 16.84 |
| PAT Margin (%) | -14.21 | 7.82 | 1.95 | 2.13 | -0.33 | 6.12 | 8.75 | 7.95 | 9.22 | 12.04 |
| Cash Profit Margin (%) | -8.9 | 10.54 | 3.71 | 3.87 | 2.27 | 7.42 | 10.17 | 9.68 | 10.11 | 13.44 |
| ROA(%) | -7.74 | 5.82 | 1.02 | 1.27 | -0.13 | 4.64 | 6.61 | 4.21 | 7.38 | 9.77 |
| ROE(%) | 0 | 253.65 | 4.58 | 3.1 | -0.32 | 11.15 | 14.38 | 8.61 | 15.54 | 20.03 |
| ROCE(%) | -2.71 | 25.93 | 11.18 | 9.46 | 6.07 | 17.67 | 19.75 | 10.93 | 19.71 | 23.9 |
| Receivable days | 142.94 | 86.97 | 101.76 | 93.26 | 141.19 | 78.56 | 91.13 | 126.85 | 100.33 | 119.51 |
| Inventory Days | 346.65 | 167.27 | 172.48 | 144.68 | 241.94 | 115.27 | 88.12 | 162.8 | 107.69 | 79.15 |
| Payable days | 328.52 | 130.8 | 344.54 | 224.96 | 1298.3 | 135.24 | 220.94 | 1267.08 | 127.8 | 169.59 |
| PER(x) | 0 | 8.34 | 48.73 | 20.42 | 0 | 13.09 | 9.05 | 22.71 | 26.26 | 27.13 |
| Price/Book(x) | -41.33 | 9.33 | 1.23 | 0.62 | 0.6 | 1.38 | 1.21 | 1.87 | 3.79 | 4.85 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.21 | 0.13 |
| EV/Net Sales(x) | 1.87 | 1.21 | 1.4 | 0.77 | 1.25 | 0.94 | 0.82 | 2.06 | 2.63 | 3.5 |
| EV/Core EBITDA(x) | 68.16 | 10.3 | 11.47 | 6.4 | 9.97 | 5.85 | 4.63 | 13.73 | 15.45 | 16.44 |
| Net Sales Growth(%) | 0 | 96.29 | 1.03 | 14.23 | -32.84 | 98.76 | 1.64 | -26.06 | 74.45 | 18.48 |
| EBIT Growth(%) | 0 | 1061.12 | -31.58 | 11.93 | -34.73 | 195.12 | 12.35 | -39.88 | 111.69 | 45.66 |
| PAT Growth(%) | 0 | 207.98 | -77.31 | 24.74 | -110.57 | 3729.74 | 46.97 | -32.79 | 103.95 | 57.87 |
| EPS Growth(%) | 0 | 208.09 | -77.31 | 24.74 | -110.57 | 3729.74 | 46.97 | -32.79 | 103.95 | 57.87 |
| Debt/Equity(x) | 7.79 | 2.88 | 0.65 | 0.5 | 0.67 | 0.39 | 0.3 | 0.3 | 0.4 | 0.27 |
| Current Ratio(x) | 1.02 | 1.05 | 1.01 | 1.01 | 1.02 | 1.17 | 1.3 | 1.42 | 1.21 | 1.32 |
| Quick Ratio(x) | 0.35 | 0.47 | 0.43 | 0.47 | 0.37 | 0.7 | 0.85 | 0.63 | 0.76 | 0.93 |
| Interest Cover(x) | -0.25 | 2.28 | 1.39 | 1.63 | 1.23 | 3.73 | 4.06 | 3.56 | 7.57 | 8.58 |
| Total Debt/Mcap(x) | 1.39 | 0.61 | 0.53 | 0.8 | 1.12 | 0.28 | 0.25 | 0.16 | 0.1 | 0.06 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.69 | 74.69 | 74.69 | 74.69 | 74.69 | 74.69 | 74.69 | 74.69 | 74.69 | 74.69 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.31 | 25.31 | 25.31 | 25.31 | 25.31 | 25.31 | 25.31 | 25.31 | 25.31 | 25.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 3.27 | 3.27 | 3.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 1.11 | 1.11 | 1.11 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 4.37 | 4.37 | 4.37 |
* The pros and cons are machine generated.
You May Also Know About
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.