Bedmutha Industries Limited (BEDMUTHA) AI Stock Analysis

• Market Cap: ₹4.34B
• Dividend Yield: N/A
• Average Volume (3M): 1.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: 34.36%
• EPS Growth: -100.15%
• Country: IN
• Employees: 532
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): -1.21
• Shares Outstanding: 32,263,885
• 10 Day Avg. Volume: 724
• 30 Day Avg. Volume: 1,476
• PEG Ratio: 1.13
• Price to Book (P/B): 3.56
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 9.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹154.00 ▲(37.87% Upside)
• Action: Upgraded Date: 02/14/26
• Date: Action: Upgraded 02/14/26

The score is driven primarily by solid financial execution (growth, margin improvement, and strong operating/free cash flow) and strong bullish technicals (price above major moving averages with positive MACD). These positives are tempered by valuation concerns from a negative P/E and ongoing balance-sheet risk from still-elevated leverage.

Positive Factors

Strong revenue growth

Sustained ~31.7% revenue growth indicates expanding market penetration and stronger demand from construction, infrastructure and industrial end-users. Over 2–6 months this scale supports negotiating power with buyers and suppliers and underpins reinvestment and margin improvement.

Improving gross and net margins

Material improvement in gross margin (to 17.24%) and rising net margin reflect better cost control and gradual shift toward higher value-added wire products. These margin gains suggest operational leverage that can sustainably boost profitability if product mix and cost discipline persist.

Strong operating and free cash flow

Robust operating cash flow (1,089m) and a healthy FCF-to-net-income ratio indicate strong cash generation, enabling capital expenditure, debt repayment, and buffering cyclical downturns. Consistent cash conversion supports long-term financial flexibility and self-funded growth.

Negative Factors

Elevated leverage

Debt-to-equity of 1.50 remains materially high despite improvement, constraining financial flexibility. Elevated leverage increases interest burden and vulnerability to demand downturns or input-cost shocks, limiting capacity for opportunistic investment or rapid deleveraging.

Low net profit margin

Net margin near 2.3% offers a thin buffer against raw-material cost swings or pricing pressure. In a commodity-exposed steel-wire business, low net profitability reduces resilience to adverse cycles and constrains retained earnings available for reinvestment or faster debt reduction.

Earnings volatility

A >100% negative EPS growth metric signals volatile earnings performance, complicating forecasting and capital allocation. Persistent volatility undermines investor confidence and makes funding plans and long-term contracts harder to commit to in a cyclical steel sector.

Bedmutha Industries Limited Business Overview & Revenue Model

Company Description

Bedmutha Industries Limited manufactures and sells steel wire and wire products in India. The company operates through Steel, Copper, Consultancy, Windmill, and EPC Projects segments. It offers galvanized steel and M.S, barbed, stitching, and staple wires, as well as chain link fencing and wire nails for the retail industry; spring steel wires messenger, high carbon rope, cold heading quality, bead, and patented galvanized and black wires for the automotive industry; and earth, stay, barbed, and 19 strand guy wires, as well as cable armors, A.C.S.R. core single and stranded wires, and distribution boxes for use in power applications. The company also provides H.T./P.C. wires, P.C. strands, and annealed/binding wires for the infrastructure industry; copper products comprising rods, wire rods, rectangular strips, bus bars, and foils, as well as sections, profiles, and components; and wire ropes. In addition, it generates electricity through wind power. Further, the company is involved in the consultancy business and EPC projects. It also exports its products to various countries in Europe, South Korea, Australia, the United States, Africa, and Asia, as well as to GCC countries, including the Middle East. The company was formerly known as Bedmutha Wire Company Limited and changed its name to Bedmutha Industries Limited in November 2009. Bedmutha Industries Limited was incorporated in 1990 and is based in Mumbai, India.

How the Company Makes Money

Bedmutha Industries Limited generates revenue through a multi-faceted business model that includes manufacturing, trading, and exporting its core products. The company primarily makes money by producing and selling steel wires and cables, which are essential components in various industries including construction, automotive, and telecommunications. Key revenue streams include direct sales to manufacturers and distributors, long-term contracts with large industrial clients, and exports to international markets. Additionally, partnerships with other businesses and participation in government projects can further enhance its earnings. The company's commitment to quality and competitive pricing helps it maintain a strong market position and attract a diverse customer base, contributing significantly to its overall revenue.

Bedmutha Industries Limited Financial Statement Overview

Summary

Strong revenue growth with improving profitability (gross margin up to 17.24% and net margin up to 2.27% in 2025) and rising operating cash flow (1,089 million in 2025) support the score. The main constraint is balance-sheet risk from still-high leverage (debt-to-equity 1.50), despite improvement.

Income Statement

Bedmutha Industries has shown strong revenue growth with a steady increase in total revenue over the past years. The gross profit margin improved significantly to 17.24% in 2025 from 14.63% in 2024, indicating better cost management. Net profit margin also increased to 2.27% in 2025. However, despite these improvements, the company operates with relatively low net margins, which could be a concern if costs rise or revenue growth slows.

Balance Sheet

The debt-to-equity ratio has improved over the years, indicating a reduction in leverage, but remains high at 1.50 in 2025, suggesting potential risks if economic conditions worsen. The equity ratio improved to 22.19% in 2025, reflecting a strengthening capital base. Return on equity increased to 17.08%, indicating efficient use of equity to generate profits. However, the high debt levels remain a potential risk.

Cash Flow

Operating cash flow has consistently increased, reaching 1,089 million in 2025, indicating strong cash generation capabilities. Free cash flow growth is positive, with a healthy free cash flow to net income ratio of 2.15 in 2025. However, the firm needs to manage its financing cash flows better to reduce overall debt.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Jun 2021
Income Statement
Total Revenue	11.24B	10.49B	8.12B	6.87B	6.60B	3.88B
Gross Profit	1.53B	1.89B	1.19B	1.14B	-83.38M	-248.25M
EBITDA	684.08M	801.83M	787.54M	786.23M	747.37M	2.94B
Net Income	114.64M	248.21M	209.45M	130.09M	93.77M	1.96B
Balance Sheet
Total Assets	0.00	6.55B	5.66B	4.99B	4.90B	4.66B
Cash, Cash Equivalents and Short-Term Investments	128.98M	19.85M	13.15M	1.45B	1.19B	1.02B
Total Debt	0.00	2.17B	2.35B	2.51B	2.76B	3.06B
Total Liabilities	-1.45B	5.09B	4.45B	4.00B	4.04B	3.89B
Stockholders Equity	1.45B	1.45B	1.20B	995.18M	865.10M	771.33M
Cash Flow
Free Cash Flow	0.00	534.92M	454.16M	633.97M	590.56M	523.73M
Operating Cash Flow	0.00	1.09B	738.63M	722.90M	708.04M	576.72M
Investing Cash Flow	0.00	-556.01M	-284.95M	-84.90M	-112.55M	-50.81M
Financing Cash Flow	0.00	-519.71M	-507.38M	-569.91M	-621.48M	-529.91M

Bedmutha Industries Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 111.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BEDMUTHA, the sentiment is Neutral. The current price of 111.7 is below the 20-day moving average (MA) of 136.89, below the 50-day MA of 122.84, and below the 200-day MA of 134.05, indicating a neutral trend. The MACD of 4.05 indicates Positive momentum. The RSI at 54.07 is Neutral, neither overbought nor oversold. The STOCH value of 14.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BEDMUTHA.

Bedmutha Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEDMUTHA	70 Outperform	₹4.34B	-71.58	―	―	34.36%	-100.15%
INCREDIBLE	66 Neutral	₹1.64B	12.75	―	―	10.59%	82.10%
MANAKSTEEL	64 Neutral	₹3.62B	14.32	―	―	49.22%	49.59%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MAHASTEEL	54 Neutral	₹12.47B	114.07	―	―	11.83%	124.74%
SHYAMCENT	49 Neutral	₹1.07B	-7.76	―	―	-41.73%	-37.19%
VISASTEEL	44 Neutral	₹4.31B	-0.83	―	―	-0.58%	-1076.68%

Bedmutha Industries Limited Corporate Events

Bedmutha Industries Announces Resignation of Company Secretary and Compliance Officer

Bedmutha Industries Limited has announced that its Company Secretary and Compliance Officer, Madhvendra Pratap Singh, a key managerial personnel, has resigned to pursue opportunities outside the organisation and will continue in his role until the close of business on 31 January 2026. The company has begun the process of identifying and hiring a suitable replacement for the position and has informed the stock exchanges that it will notify them once the vacancy is filled, signalling a routine but important transition in its corporate governance and compliance framework.

Bedmutha Industries Closes Trading Window Ahead of Quarterly Results

Bedmutha Industries Limited has announced the closure of its trading window for company securities for all designated persons, including directors, their immediate relatives and other insiders, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct. The window will remain closed from 1 January 2026 until 48 hours after the declaration of financial results for the quarter ended 31 December 2025, underscoring the company’s adherence to insider trading norms and its efforts to maintain transparency and safeguard market integrity for investors and other stakeholders.