Announcement
Announcement under Regulation 30 (LODR)-Change in Directorate 7 Oct - Board approved Rs 15 crore promoter-loan conversion, Rs 6.92 crore preference conversion, independent director appointment, and ESOP allotment.
Source: Bse
Batliboi Limited (BATLIBOI)
Small CapIndustrials stocks · Small cap · NSE
Batliboi Limited is a diversified Indian engineering company operating in machine tools, textile machinery, air engineering, environmental engineering, and industrial automation/robotics through its subsidiaries, serving global and domestic manufacturing sectors.
Data qualityFresh enough for analysisQuote updated 21 Oct, 05:57 pm ISTDetails
Quote21 Oct, 05:57 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 12:59 am IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
50NeutralSMA20 +3.1% / mo · MACD −
Stock trend: 54
Sector RS: 45
Sector 3M: -7.4% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BATLIBOID candles · FIT view+2.3%Latest close ₹84.12 on 2026-10-21
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-7.9%
RSI
42
MACD hist
-0.28
52W pos
37%
2026-10-21O ₹91.35H ₹92.36L ₹83.12C ₹84.12Vol 48,674 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BATLIBOINifty India ManufacturingNifty 500
- BATLIBOI
- -7.4%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- -0.9 pp
Chart stats
21 Oct 2026- From 52W high
- -21.0%
- 52W range position
- 37%
- ATR (14)
- 6.9%
- Volume vs 20D
- 0.88x
- Avg traded value
- ₹0.5 Cr
- 20D price channel
- ₹79.2 - ₹99.3
₹106.5
₹71.2 - ₹106.5
₹5.8
Latest completed session
20-session average
57.1% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST39
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +80.2% · PAT NDF YoY
Technical
Neutral50
Price trend and sector-relative-strength timing.
Valuation
Legacy model-8.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 45/100Rev +80% YoY · margin expansion
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹125.3 Cr | +80.2% | -0.3% |
| EBITDA | ₹3.1 Cr | +287.7% | -54.7% |
| Operating margin | 2.4% | +478 bps | -294 bps |
| PAT | ₹0.5 Cr | NDF | -89.6% |
| PAT margin | 0.4% | +390 bps | -336 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 28.50
- P/B
- 1.84
- EV/EBITDA
- 15.45
- Market Cap
- 424.00Cr
Profitability
- ROE
- 4.02%
- ROCE
- 6.77%
- ROA
- 1.91%
- Dividend Y
- 0.67%
Growth (CAGR)
- Revenue 5Y
- 24.00%
- EPS 5Y
- 31.00%
- Revenue 3Y
- 20.00%
- EPS 3Y
- -5.00%
Balance Sheet
- Debt/Equity
- 0.37
- Interest Coverage
- 4.33×
- Altman Z
- 3.10
- Book Value
- 48.90
Cash Flow
- FCF Yield
- 6.37%
- FCF Positive Y
- 8/5
- OCF
- 23.00 Cr
- EPS TTM
- 1.98
Shareholding
- Promoter Hold
- 72.41%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 26%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 125-0.3% vs prev
Net Profit
₹ CrLatest: 0.5-89.6% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 42. Wait for confirmation.
- SMA20 rising (~3.0% over last month) — short-term momentum positive.
- RSI(14) at 42 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 21% off 52W high · 18% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
65
RS percentile
Insufficient history
1M return
-1.1%
3M return
-7.4%
6M return
+3.0%
1Y return
-
RS 1D
-9
RS 20D
-
Sector rank
#2
Industry rank
#22
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
leading
Industry
neutral
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
128 observations
21 Oct 2026Value 107.61-7.22%
RS vs Nifty 500108
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation2/30
Growth18/25
Quality0/20
Balance Sheet10/15
Cash Flow7/10
Piotroski
7/9 (+5)
Penalties
-3
Raw sum
39
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
39/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 6.4%.
- Piotroski is strong at 7/9.
- Growth contributes 18/25 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Fair-value margin of safety is negative at -8.1%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
28.5
PB
1.8
EV/EBITDA
15.4
ROE
4.0%
ROCE
6.8%
FCF Yield
6.4%
Debt/Equity
0.4
MoS
-8.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
39
Previous: 39
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-8.1%
Previous: -8.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
39
39
39
39
39
39
39
39
39
39
39
39
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹46.67
-80.2% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹77.81
-8.1% MoS
PEG
0.92
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PREMIER
Small
Premier Limited
Industrial Machinery
match 78
18
—
—
—
OVERVALUED
HMT
Small
HMT Limited
Industrial Machinery
match 70
16
—
—
—
OVERVALUED
BIRLAPREC
Small
Birla Precision Technologies Limited
Industrial Machinery
match 61
34
28.7
6.5%
+38%
WATCHLIST
DENORA
Small
De Nora India Limited
Industrial Machinery
match 60
24
31.6
2.3%
-824%
OVERVALUED
MAZDA
Small
Mazda Limited
Industrial Machinery
match 58
46
18.9
11.5%
+59%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-22T09:41:16.128Z
Management commentary snapshot
Batliboi reported a strong 1QFY27 with consolidated revenue up 80% YoY to Rs 125 crore, EBITDA improving to Rs 5 crore, and a positive PAT of Rs 0.49 crore.
The investment thesis is intact as revenue growth acceleration, margin turnaround, a robust order book of Rs 618 crore, and strategic entry into industrial automation via Penta support management's guidance.
Growth engines
Industrial Automation & Robotics Entry
POSITIVEAcquired 100% of Penta Automation Systems Pvt Ltd in July 2026 to capture high-growth automation demand across automotive, bearings, and medical equipment.
Environmental Engineering Solar Contracts
POSITIVESecured a major Rs 52 crore contract from SAEL Industries for pollution systems at an upcoming solar cell manufacturing facility in Jewar, UP.
Global Subsidiary Momentum
POSITIVECanadian subsidiary Quickmill recorded strong performance with Rs 45 crore turnover and order inflow in 1QFY27.
Capacity and execution
Machine Tools Rooftop Solar
COMPLETEDCommissioned 800kw solar systems on machine tool unit rooftop to reduce operational costs.
Penta Robotics Facility Extension
COMPLETEDEstablished a new 5,000 sq ft facility in Chakan, Pune via PAtS Robotics Pvt Ltd for local machine builds and service support.
Tailwinds
Free Trade Agreements
POSITIVEIndo-UK FTA and expected Indo-EU FTA unlock new export markets and drive textile machinery and air engineering demand.
Mandatory ZLD Regulations
POSITIVECPCB mandates Zero Liquid Discharge for textile units, driving industrial water and effluent treatment upgrade cycles.
Headwinds
Geopolitical Pressures
NEUTRALPotential adverse macro impacts from a prolonged conflict in the Middle East.
Risk radar
Trade and Tariff Volatility
NEUTRALVulnerability to shifts in global tariff regimes and currency exchange movements.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Year-over-year comparison is appropriate to evaluate quarterly operational scale, margin recovery, and order momentum against historical seasonality.
Sector KPIs management disclosed
Revenue from Operations
POSITIVERevenue from operations grew 80% YoY from Rs 70 crore in 1QFY26 to Rs 125 crore in 1QFY27.
Order Inflow
POSITIVEOrder inflow stood at Rs 283 crore till June 2026.
Outstanding Order Book
POSITIVEOutstanding order book as at June 2026 stands at Rs 618 crore.
EBITDA and Margin
POSITIVEEBITDA increased to Rs 5 crore in 1QFY27 compared to Rs 0.28 crore in 1QFY26, with EBITDA margin expanding by 344 bps to 4%.
Management forward view
FY27 Topline Guidance
POSITIVEReiterated guidance of ~10% sustainable topline growth with stable margins for FY27.
Integration of Penta Automation
POSITIVEEmphasized that Penta is profitable and provides cross-selling synergies with Batliboi's existing blue-chip customer base.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Order Book Execution | Rs 618 crore outstanding order book as of June 2026 | Conversion pace of order book into recognized revenue over subsequent quarters. |
| Penta Integration Synergies | Acquisition completed in July 2026 with 80% upfront payment | Realization of cross-selling and margin contribution from the automation subsidiary. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 64th percentile within Industrials. Main check: financial discipline is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
32 docs text-extracted · 8 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · Industrials: 64th pctile, median 68 · Small: 69th pctile, median 66
Evidence depth
Financial-only
32 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
60
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 72.4%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 5.1%.
- ▸8 years of positive FCF.
Trust risks
- ▸ROCE is low at 1.8%.
- ▸ROE is low at 0.4%.
- ▸ROCE trend is -4.2%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Batliboi Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Preferential Issue 7 Oct - Board approved promoter loan conversion preferential issue, preference share conversion, independent director appointment, ESOP allotment.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 7 Oct - As per Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform that company has allotted ESOP as per the attached file.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Jul - Newspaper publication for Notice of 82nd Annual General Meeting to be held on 7th August, 2026 at 4:00 P.M.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Acquisition 23 Jun - Batliboi approved 100% acquisition of Penta Automation for Rs 19.8 crore, closing by 31 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 23 Jun - Batliboi approved 100% acquisition of Penta/PAtS for INR 20 crore, expected to close by July 31, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Record Date For The Purpose Of Dividend 2d - Record date for dividend is 31 July 2026; books close 1-7 August 2026 for AGM and dividend.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jul - Newspaper publication pertaining to completion of dispatch of 82nd Annual General Meeting Notice along with details of Book Closure, Record date and E-voting.
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 14 Jul
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Aug - Please find attached Newspaper publication for Q1 FY27 results.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.