Bombay Dyeing & Manufacturing Co. Ltd. (BOMDYEING) AI Stock Analysis

• Market Cap: ₹23.40B
• Dividend Yield: 0.9%
• Average Volume (3M): 99.25K
• Price to Earnings (P/E): 134.3
• Beta (1Y): 1.95
• Revenue Growth: -4.25%
• EPS Growth: -97.24%
• Country: IN
• Employees: 443
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): -0.48
• Shares Outstanding: 206,534,900
• 10 Day Avg. Volume: 40,588
• 30 Day Avg. Volume: 99,250
• PEG Ratio: -0.07
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 1.73
• P/FCF Ratio: -38.25
• 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: 49 Neutral
• Price Target: ₹113.00 ▼(-13.08% Downside)
• Action: Reiterated Date: 12/03/25
• Date: Action: Reiterated 12/03/25

Bombay Dyeing's overall score is primarily impacted by its financial performance and technical analysis. The company faces significant challenges with declining revenue and cash flow issues, while technical indicators show bearish momentum. The high P/E ratio further suggests valuation concerns. Addressing operational inefficiencies and improving cash management are crucial for future growth.

Positive Factors

Balance sheet improvement

The company has rebuilt its equity base and materially reduced leverage, with a very low debt-to-equity and a high equity ratio in 2025. That stronger capital structure increases financial flexibility, lowers solvency risk, and supports longer-term investments or project funding capacity.

Diversified business model

Bombay Dyeing generates revenue from two distinct, structural streams: retail home-textiles (branded products and distribution) and real-estate development. This diversification can smooth cycles, let the firm monetize land assets, and provide multiple long-term cash generation avenues if execution remains disciplined.

Improved gross profit margin

A substantial rise in gross margin suggests better pricing, cost control, or favorable mix in 2025 versus 2024. If sustained, higher gross margins improve resilience to input cost swings and provide scope to invest in brands, channels, or product development, supporting medium-term profitability.

Negative Factors

Shrinking revenue

A mid-teens decline in revenue signals weakening demand or market share loss. Persistent top-line contraction undermines operating leverage, pressures margins and profitability sustainability, and makes it harder to fund growth or fixed costs without either structural strategic fixes or stronger sales execution.

Weak cash conversion

Operating cash flow not translating from reported income and negative free cash flow growth are durable red flags. Poor cash conversion reduces ability to self-fund projects, raises financing needs, and increases reliance on external capital or asset sales, constraining strategic options over months.

Earnings quality & operational strain

Negative EBITDA margin alongside an outsized, likely non-recurring net income indicates weak underlying operations and earnings volatility. Such mixed signals imply earnings quality concerns; without consistent operational improvement, reported profitability may not be repeatable or durable into future periods.

Bombay Dyeing & Manufacturing Co. Ltd. Business Overview & Revenue Model

Company Description

The Bombay Dyeing and Manufacturing Company Limited produces and sells polyester staple fiber products in India. It operates through Real Estate, Polyester, and Retail/Textile segments. The company is also involved in the manufacture of textile grade PET chips; and retail of home textiles. In addition, it develops real estate properties, such as residences, offices, hotels, serviced apartments, hospitals, schools, and retail facilities. The company exports its products to Europe, North and South America, the Middle East, Africa, and Asia. The Bombay Dyeing and Manufacturing Company Limited was incorporated in 1879 and is headquartered in Mumbai, India.

How the Company Makes Money

Bombay Dyeing generates revenue primarily through the sale of its textile products, which include bed sheets, pillow covers, towels, and other home furnishing items. The company operates through various distribution channels, including retail outlets, online platforms, and partnerships with large retailers, which help expand its market reach. Additionally, Bombay Dyeing benefits from economies of scale in manufacturing and sourcing, allowing it to maintain competitive pricing. The company also explores strategic collaborations and partnerships with other businesses to enhance its product offerings and enter new markets, further contributing to its earnings.

Bombay Dyeing & Manufacturing Co. Ltd. Financial Statement Overview

Summary

Bombay Dyeing shows improved profit margins and equity base, but faces challenges with declining revenue and cash flow issues. Historical financial distress and operational inefficiencies need addressing for sustainable growth.

Income Statement

The company shows a significant decline in revenue from 2024 to 2025, although the gross profit margin has improved to 26.22% in 2025 from 3.91% in 2024. The net profit margin is notably high at 30.52% in 2025 due to an unusual net income figure which might not be sustainable. Revenue growth is negative, indicating a shrinking top line which is concerning. EBIT and EBITDA margins indicate operational challenges, with an EBITDA margin of -1.67% in 2025 reflecting potential operational inefficiencies or restructuring costs.

Balance Sheet

The company has made strides in reducing its total debt and improving stockholders' equity from negative to positive by 2025. The debt-to-equity ratio is low at 0.0012, suggesting a less leveraged position recently. However, historical negative equity indicates past financial distress. The equity ratio of 79.16% in 2025 suggests a strong equity base relative to assets, improving financial stability.

Cash Flow

The cash flow situation shows some red flags, with a negative free cash flow growth rate, indicating cash outflows exceeding inflows. The operating cash flow to net income ratio is negative, highlighting that the net income is not translating into cash flows, possibly due to non-cash adjustments or exceptional items. Free cash flow to net income ratio also indicates cash flow challenges, which could constrain future operations and investments.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2020
Income Statement
Total Revenue	15.32B	16.05B	16.68B	26.52B	19.75B	18.76B
Gross Profit	3.88B	4.21B	1.63B	3.68B	3.34B	5.77B
EBITDA	6.05B	-268.00M	40.08B	-648.30M	224.10M	3.53B
Net Income	4.88B	4.90B	29.49B	-5.17B	-4.60B	3.28B
Balance Sheet
Total Assets	0.00	29.95B	25.61B	29.94B	42.31B	48.00B
Cash, Cash Equivalents and Short-Term Investments	6.03B	6.46B	1.29B	1.33B	4.16B	28.00M
Total Debt	0.00	29.40M	27.50M	36.42B	44.42B	41.53B
Total Liabilities	-23.44B	6.51B	7.13B	42.67B	49.88B	47.40B
Stockholders Equity	23.44B	23.71B	18.74B	-12.46B	-7.31B	869.30M
Cash Flow
Free Cash Flow	0.00	-727.10M	2.46B	8.51B	5.11B	877.90M
Operating Cash Flow	0.00	-170.20M	3.55B	8.61B	5.22B	991.00M
Investing Cash Flow	0.00	353.90M	35.32B	1.77B	60.00M	2.71B
Financing Cash Flow	0.00	-411.90M	-39.65B	-13.20B	-2.68B	-3.98B

Bombay Dyeing & Manufacturing Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 130.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BOMDYEING, the sentiment is Negative. The current price of 130 is above the 20-day moving average (MA) of 118.54, above the 50-day MA of 121.78, and below the 200-day MA of 151.60, indicating a bearish trend. The MACD of -2.16 indicates Positive momentum. The RSI at 40.85 is Neutral, neither overbought nor oversold. The STOCH value of 10.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BOMDYEING.

Bombay Dyeing & Manufacturing Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIYSIL	69 Neutral	₹24.20B	11.80	―	1.89%	16.27%	8.54%
KKCL	66 Neutral	₹31.18B	22.36	―	0.41%	28.67%	-20.77%
GOCOLORS	65 Neutral	₹16.78B	23.60	―	―	6.65%	2.96%
SANGAMIND	63 Neutral	₹23.51B	39.67	―	0.45%	13.88%	-0.56%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RAYMOND	58 Neutral	₹26.63B	0.49	―	2.31%	-63.26%	-29.33%
BOMDYEING	49 Neutral	₹23.40B	134.34	―	0.90%	-4.25%	-97.24%

Bombay Dyeing & Manufacturing Co. Ltd. Corporate Events

SAT Overturns SEBI Penalties Against Bombay Dyeing and Its Promoters

Bombay Dyeing & Manufacturing Company Limited has announced that the Securities Appellate Tribunal (SAT) in Mumbai has set aside a 2022 order issued by a Whole Time Member of SEBI that had imposed monetary and non-monetary penalties on the company, its key promoters and directors, as well as associated entities. The earlier order had alleged violations of securities laws and had included restrictions on accessing and dealing in the securities markets and on holding key positions in listed companies, but these sanctions have now been overturned by SAT in appeals filed by the company and its promoters, easing a significant regulatory overhang and potentially improving the company’s governance profile and standing with investors and other stakeholders.