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

• Market Cap: ₹22.17B
• Dividend Yield: 0.9%
• Average Volume (3M): 99.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.78
• 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: ₹107.00 ▼(-17.69% 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

Improved equity and low leverage

The shift from negative to positive equity and a very low debt-to-equity ratio (0.0012) with an equity ratio of 79.16% materially strengthens the firm's capital base. This durable balance-sheet repair reduces refinancing risk, increases financial flexibility for projects, and supports multi-quarter operational stability and strategic investments.

Diversified business model

Operating across branded home-textiles and real estate provides structural diversification of revenue and cash generation sources. The Bombay Dyeing brand supports pricing and distribution in retail channels, while real estate allows asset monetization and project-driven cash inflows, reducing single-segment dependency over the medium term.

Material gross margin improvement

A sharp increase in gross margin to 26.22% indicates better cost management, favorable product mix or pricing power in the textile business. Higher margins provide a structural cushion against top-line softness, improve the ability to fund operations and project work, and support longer-term profitability if sustained by execution.

Negative Factors

Declining revenue trend

A sustained decline in revenue reduces scale benefits for branded textiles and pressures real-estate monetization timing. Lower top-line volumes impair absorption of fixed costs, hinder marketing and product investments, and make multi-quarter recovery harder without structural demand improvement or accelerated project launches.

Weak cash generation / negative FCF

Negative free-cash-flow trends and operating cash flow that doesn't align with net income signal that earnings are not converting into spendable cash. This constrains funding for real-estate development, working capital, and brand investment, and may force reliance on asset sales or external financing over coming quarters.

Historical distress and volatile earnings

Prior episodes of negative equity and an acute EPS decline (EPS growth ~ -96.8%) reflect earnings volatility and prior solvency pressure. Such a history raises execution risk for multi-quarter recoveries, can limit stakeholder confidence, and magnifies the impact of any future adverse operational or market shocks.

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 primarily makes money through two operating streams: (1) its textiles/home-furnishings business and (2) its real estate business. In textiles, revenue is generated from the manufacture and sale of branded home-textile products (e.g., bed linen and related home furnishing items) to consumers through a mix of sales channels, which typically include direct retail (brand stores) and other distribution (such as multi-brand outlets and institutional/wholesale customers); earnings in this segment are driven by product volumes, pricing, brand positioning, channel mix, and input-cost management. In real estate, revenue is generated from development and sale/monetization of residential and/or commercial properties and related development activities; profitability in this segment is influenced by project launches, sales/collections timing, regulatory approvals, construction progress, and broader property-market conditions. Information on specific significant partnerships, customer concentration, or segment-level quantitative breakdowns is null.

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 2021
Income Statement
Total Revenue	15.14B	16.05B	16.68B	26.52B	19.75B	11.81B
Gross Profit	3.61B	4.21B	1.63B	3.68B	3.34B	2.01B
EBITDA	1.32B	-268.00M	40.08B	-648.30M	224.10M	844.40M
Net Income	973.30M	4.90B	29.49B	-5.17B	-4.60B	-4.69B
Balance Sheet
Total Assets	29.39B	29.95B	25.61B	29.94B	42.31B	46.39B
Cash, Cash Equivalents and Short-Term Investments	6.11B	6.46B	1.29B	1.33B	4.16B	1.56B
Total Debt	30.40M	29.40M	27.50M	36.42B	44.42B	41.72B
Total Liabilities	6.01B	6.51B	7.13B	42.67B	49.88B	48.34B
Stockholders Equity	23.64B	23.71B	18.74B	-12.46B	-7.31B	-1.68B
Cash Flow
Free Cash Flow	-822.50M	-727.10M	2.46B	8.51B	5.11B	5.98B
Operating Cash Flow	-427.70M	-170.20M	3.55B	8.61B	5.22B	6.04B
Investing Cash Flow	514.20M	353.90M	35.32B	1.77B	60.00M	1.41B
Financing Cash Flow	-320.50M	-411.90M	-39.65B	-13.20B	-2.68B	-5.91B

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: Neutral

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 111.04, above the 50-day MA of 116.80, and below the 200-day MA of 149.60, indicating a bearish trend. The MACD of -4.03 indicates Positive momentum. The RSI at 39.96 is Neutral, neither overbought nor oversold. The STOCH value of 27.20 is Neutral, 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	₹22.26B	17.16	―	1.89%	16.27%	8.54%
KKCL	66 Neutral	₹27.30B	22.08	―	0.41%	28.67%	-20.77%
SANGAMIND	63 Neutral	₹22.13B	25.56	―	0.45%	13.88%	-0.56%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GOCOLORS	58 Neutral	₹14.35B	87.04	―	―	6.65%	2.96%
RAYMOND	58 Neutral	₹25.09B	199.12	―	2.31%	-63.26%	-29.33%
BOMDYEING	49 Neutral	₹22.17B	-69.87	―	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.