Bombay Potteries & Tiles Ltd (502216)

📊 Quarterly Results (₹ Cr)

The company's quarterly financials show complete stagnation, with revenue remaining at ₹0 across all recent quarters from September 2025 to June 2026, and operating profit consistently at ₹0. Net profit swung from a loss of ₹-11.13 crore in March 2026 to a modest gain of ₹4.46 crore in December 2025, but this single quarter of profitability is not sustained. EPS reflects this volatility, turning negative again to ₹-5.24 in June 2026. The absence of revenue growth or operational activity suggests the business is not currently generating value through core operations.

🔮 Management Outlook & What's Next

Management has not provided forward-looking operational guidance in the available filings, but has indicated that share trading will resume shortly following the AGM. The only forward-looking element cited is procedural — resuming trading — rather than strategic or financial targets. There is no disclosed revenue forecast, margin improvement plan, or capital allocation roadmap in the reviewed filings, leaving the future trajectory unclear beyond regulatory compliance and shareholder approval of past actions.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

The balance sheet as of March 2026 shows a paradoxical structure with Equity ₹1 and Reserves ₹-2, while Borrowings are listed as ₹2 and Total Assets also ₹1, suggesting either data rendering errors or an extremely minimalized financial position. This distorted presentation, combined with negative ROCE, indicates potential accounting or structural issues. The lack of meaningful asset or liability movement implies the company may be effectively dormant or undergoing administrative simplification rather than active capital deployment.

💰 Cash Flow Statement (₹ Cr)

👥 Shareholding Pattern

Shareholding patterns over the last four quarters show complete stability, with promoter holding unchanged at 57.41%, FII at 0%, and DII at 0.91%. Public shareholding remains at 41.69% with 685 shareholders, indicating no significant institutional movement or activist activity. There are no signs of promoter dilution or external selling pressure, suggesting confidence or inertia in the current ownership structure, though the lack of trading history makes sentiment assessment difficult.

⚖️ Peer Comparison — Construction

🔗 Peer Stock Analyses

⚠️ Risk Factors

1) The company has reported zero revenue and operating profit across multiple quarters, raising concerns about core business viability. 2) Negative ROCE of -27% combined with a leveraged balance sheet suggests inefficient or unsustainable capital use. 3) Related-party transactions, such as the premises purchase from Harshvardhan Construction, introduce governance and fairness risks. 4) The abrupt suspension and revival of trading indicate potential regulatory or compliance issues that may recur. These factors collectively signal operational and structural instability despite positive ROE.

📋 Recent Filings

• 🔴 Announcement2026-10-01Bombay Potteries & Tiles Ltd announced the revocation of suspension of trading in its equity shares, effective October 1, 2026, with resumption in the…
• 🟡 Board Meeting2026-09-30Bombay Potteries & Tiles held its 92nd AGM on September 30, 2026, at 11:34 AM IST via video conference, adopting audited standalone financial statemen…
• 🟡 Board Meeting2026-09-30Bombay Potteries & Tiles held its 92nd AGM on September 30, 2026, at 11:34 AM IST via video conference, adopting audited standalone financial statemen…
• 🟡 Board Meeting2026-09-30Bombay Potteries & Tiles Limited announced the appointment of M/s JPKD & CO LLP as its statutory auditor for a five-year term starting from the conclu…
• 🟡 Board Meeting2026-09-30Bombay Potteries & Tiles Limited announced that shareholders approved a related party transaction at the 92nd Annual General Meeting on September 30, …
• Announcement2026-09-30Bombay Potteries & Tiles Ltd announced that its trading window will close on October 1, 2026, and remain closed for 48 hours after the unaudited stand…
• 🟡 Board Meeting2026-09-18Bombay Potteries & Tiles announced the resignation of Independent Director Rakesh Shivkumar Wadhera effective September 7, 2026, due to personal profe…
• 🔴 annual report2026-09-18Bombay Potteries & Tiles Ltd reported a net profit of ₹6,357 (in hundreds) for FY2025-26, up from a loss of ₹1,07,928 (in hundreds) in FY2024-25. The …
• 🟡 Board Meeting2026-09-08Bombay Potteries & Tiles approved a related party transaction to acquire or lease premises from Harshvardhan Construction for business expansion, with…
• 🟡 Board Meeting2026-09-07Bombay Potteries & Tiles announced the resignation of Independent Director Rakesh Shivkumar Wadhera effective September 7, 2026, citing personal reaso…

🧠 Analyst's Read

The company appears to be in a regulatory and administrative limbo, with operations effectively halted and financial performance non-existent in recent quarters, despite a favorable ROE that may be an artifact of its accounting structure. Investors should monitor for any resumption of trading activity and future disclosures regarding operational revival or strategic direction, but currently lack visibility into revenue generation or margin recovery plans. The stability in shareholding offers no immediate catalyst for re-rating.

Based on filing content and financial data. Not a recommendation.