Batliboi Ltd (BATLIBOI)

📊 Quarterly Results (₹ Cr)

Revenue has grown sequentially from INR121 crores in Sep 2025 to INR125 crores in Jun 2026, with profitability improving from a loss of INR2 crores to a PAT of INR49 lakhs. Operating margins remain volatile but show signs of stabilization, while net profit margins have turned positive after two consecutive loss-making quarters. The turnaround is anchored in strong order execution and backlog growth, though margins are still below long-term targets.

🔮 Management Outlook & What's Next

Management expects EBITDA margins to expand from 4-6% to 7-8% within 1-2 years, supported by operational improvements and scale in new segments. They reiterated a 10% top-line growth target and emphasized the strategic role of acquisitions like Penta Automation, which is expected to grow at 25%-30% CAGR. Solar capacity expansion is underway to mitigate power costs, signaling a structural shift in business mix toward higher-margin, sustainable engineering segments.

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

🏦 Balance Sheet (₹ Cr)

The balance sheet shows a steady rise in total assets from INR437 crores to INR442 crores and equity reserves increasing from INR201 to INR202 crores, indicating reinvestment of profits into operations. Borrowings have increased slightly to INR91 crores from INR88 crores, but remain manageable at a debt-to-equity ratio of 0.39. The company is not over-leveraged and appears to be funding growth through a mix of retained earnings and modest debt.

💰 Cash Flow Statement (₹ Cr)

👥 Shareholding Pattern

Promoter holding remains stable at around 72.4%, with no signs of dilution or selling pressure. Public shareholding has gradually increased from 17.03% to 18.61% over the past year, supported by a growing number of shareholders (14,692). FII and DII holdings remain negligible at 0%, suggesting limited institutional interest or passive ownership structure.

⚖️ Peer Comparison — Capital Goods-Non Electrical Equipment

🔗 Peer Stock Analyses

⚠️ Risk Factors

Execution risk in scaling new segments like solar and environmental engineering, where margins are still developing. Commodity price volatility and geopolitical tensions are explicitly cited as external headwinds. The company's turnaround is order-driven, making it vulnerable to delays or cancellations in the backlog. Margins remain sensitive to input cost pressures despite improving trends.

📋 Recent Filings

• Announcement2026-09-29Batliboi Ltd announced the closure of its insider trading window effective September 30, 2026, until financial results are released, with reopening sc…
• 🔴 annual report2026-09-02Batliboi Ltd announced the signing of a Memorandum of Understanding to sell a portion of its land, buildings, and capital work in progress located in …
• 🟡 concall transcript2026-06-30Batliboi Ltd reported strong Q1 FY27 results with 80% YoY revenue growth to INR125 crores and a turnaround from a INR2.4 crore loss to INR49 lakhs PAT…

🧠 Analyst's Read

Batliboi is in a critical phase of transformation, with growth momentum building but profitability and margin expansion still evolving. The next few quarters will be pivotal in validating management's margin improvement trajectory and execution in new verticals like solar. Investors should monitor order-to-revenue conversion and the contribution of acquired businesses to top-line growth.

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