MarketFriction

BEW Engineering Ltd

NSE BEWLTD · Industrial Products
₹58.50 -3.31%
NSE close2026-10-01
52 week range47.70 - 148.35
Market cap₹79.7 Cr.
P/E21.1
IPO 2021 · +1% since Price band 5% Delivery 78.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales194146534858665551838798
Expenses1635414740515739407375101
Operating Profit265677816111012-2
OPM %11%15%11%11%16%12%13%28%21%12%13%-2.1%
Other Income0-00101000000
Interest222222233231
Depreciation000000001111
Profit before tax033555612888-3
Tax %23%32%29%26%25%25%26%25%25%24%24%-24%
Net Profit02244449666-2
EPS in Rs0.272.882.003.523.543.563.608.094.604.694.77-1.87
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales5251595999106121134186
Expenses48465551889197114176
Operating Profit45481115242010
OPM %7%9%7%14%11%14%20%15%5%
Other Income000011010
Interest233335544
Depreciation111111111
Profit before tax111481018165
Tax %27%18%27%40%28%25%25%24%25%
Net Profit11126714124
EPS in Rs1.281.201.123.095.487.1111.699.302.89
Dividend Payout %0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%26%21%38%
Compounded Profit Growth%10%-20%-69%
Stock Price CAGR%2%-47%-56%
Return on Equity%13%10%3%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital11123331313
Reserves3448172468125128
Borrowings142224292742665863
Other Liabilities172431344760292465
Total Liabilities3551617394129166220269
Fixed Assets121212111011114260
CWIP0000001300
Investments000233887
Other Assets2339495980115134170202
Total Assets3551617394129166220269
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2-4282-0-8-3128
Cash from Investing Activity0-1-0-0-1-1-19-19-17
Cash from Financing Activity-15-0-9-122750-8
Net Cash Flow111-1-00102
Free Cash Flow2-5182-2-22-508
CFO/OP79%-75%44%112%38%14%-13%-134%305%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days30331723174439110126
Inventory Days136238276389304394459436291
Days Payable1221371591631651968042125
Cash Conversion Cycle43133135248157241417504292
Working Capital Days145333234284156270157
ROCE %17%14%22%26%25%23%12%4%
Mar 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024May 2024Sep 2024Oct 2024Mar 2025Sep 2025Mar 2026
Promoters60.56%60.56%60.56%53.67%60.56%60.56%47.82%47.82%47.82%47.82%47.82%46.11%
Public39.44%39.44%39.44%46.33%39.44%39.44%52.18%52.18%52.18%52.18%52.18%53.89%
No. of Shareholders2472813665605336687158951,0011,6451,8721,895

Fundamentals

Market Cap₹ 79.7 Cr.
Current Price₹ 61.0
Stock P/E21.1
Book Value₹ 108
ROCE4.43 %
ROE2.71 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)38%
Compounded Profit Growth (TTM)-69%
Standalone figures.
Valuation
Market capRs 76 Cr
Enterprise valueRs 133 Cr
P/E (TTM)6.29x
Price to book0.55x
Price to sales0.57x
EV / EBITDA6.23x
EV / EBIT6.58x
EV / sales0.99x
Earnings yield15.90%
P/E, 3-year average10.05x
P/B, 3-year average1.55x
P/E, 5-year average9.82x
P/B, 5-year average1.83x
Profitability
Operating margin (excl. other income)15.18%
Operating margin (incl. other income)15.87%
EBITDA margin15.87%
Pre-tax margin11.95%
Net profit margin9.05%
ROE11.64%
ROCE12.14%
ROA6.31%
ROE, 3-year average23.75%
ROCE, 3-year average19.96%
ROA, 3-year average7.37%
ROE, 5-year average28.15%
ROCE, 5-year average21.61%
ROA, 5-year average6.48%
ROIC (approx.)7.87%
Tax rate24.24%
Other income / net worth0.67%
Growth
Sales growth (latest year)11.26%
Profit growth (latest year)-10.32%
Sales CAGR, 3 years10.56%
Sales CAGR, 5 years17.75%
Profit CAGR, 3 years29.19%
Profit CAGR, 5 years79.09%
Per share
EPS (TTM)Rs 9.30
EPS (latest year)Rs 9.30
EPS, 3-year averageRs 28.08
EPS, 5-year averageRs 23.69
Book value per shareRs 105.53
Sales per shareRs 102.77
Cash flow per shareRs -23.91
Free cash flow per shareRs 6.12
Efficiency
Asset turnover0.61x
Fixed asset turnover3.21x
Inventory turnover0.86x
Inventory days423 days
Debtor days110 days
Debtors turnover3.33x
Creditor days125 days
Cash conversion cycle292 days
Working capital days157 days
Leverage
Total debtRs 58 Cr
Cash and bankRs 1 Cr
Net debtRs 56 Cr
Debt to equity0.42x
Net debt / EBITDA2.64x
Interest coverage4.88x
Owners' fund to total sources62.77%
Debt to assets26.30%
Cash flow
Cash from Operating Activity (latest year)Rs -31 Cr
Cash from Investing Activity (latest year)Rs -19 Cr
Cash from Financing Activity (latest year)Rs 50 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 8 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years-0.21x
Statement figures
Net sales (TTM)Rs 134 Cr
Net sales (latest year)Rs 134 Cr
Operating profit excl. other income (latest year)Rs 20 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 21 Cr
PBDT (TTM)Rs 17 Cr
Profit before tax (TTM)Rs 16 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 12 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 101 Cr
Total expenditure (latest year)Rs 114 Cr
Total income (latest year)Rs 135 Cr
Share capitalRs 13 Cr
ReservesRs 125 Cr
Shareholders' fundsRs 138 Cr
Total assetsRs 220 Cr
Net blockRs 42 Cr
InvestmentsRs 8 Cr
ReceivablesRs 40 Cr
InventoryRs 117 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)1.31
Ownership
Promoter holding46.11% (-1.71 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 6.3 is at the 4th percentile of its own 3.8-year range (median 39.3, low 5.4, high 395.3).
P/B 0.55 is at the 2th percentile (median 73.36).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBEWLTDNifty 50Difference
1 week-21.3%-2.8% -18.5 pts
1 month+21.1%-6.8% +27.9 pts
3 months-10.0%-7.6% -2.4 pts
6 months-10.4%+0.4% -10.8 pts
1 year-61.0%-9.9% -51.1 pts
2 years-95.9%-13.6% -82.3 pts
3 years-96.6%+14.2% -110.7 pts
5 years-76.7%+27.9% -104.6 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -120% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 20% of total assets in 2026
explainReceivables outrunning sales Receivables grew 214% vs sales +11% in 2026
explainShare dilution Share count up 13% in a year, 27% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹98 Cr +78.2% vs Mar 2024. Net loss ₹2 Cr.
Against our estimate for Mar 2026: sales -26.2%, profit -115.9% big miss.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 DaysLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded

Quick answers

What is the market cap of BEW Engineering Ltd?

BEW Engineering Ltd (BEWLTD) has a market capitalisation of Rs 79.7 Cr. at the 2026-10-01 close.

What is the P/E ratio of BEW Engineering Ltd?

BEW Engineering Ltd trades at a P/E of 21.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were BEW Engineering Ltd's latest quarterly results?

In the Mar 2026 quarter, BEW Engineering Ltd sales was Rs 98 Cr (+78.2% vs Mar 2024) with a net loss of Rs 2 Cr.

What is the 52-week high and low of BEW Engineering Ltd?

The 52-week high is Rs 148.35 and the 52-week low is Rs 47.70.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03