Bhilwara Technical Textiles Ltd (533108)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Bhilwara Technical's revenue was ₹6.1 Cr (+21.7% year on year, -23.9% on the previous quarter), and net profit ₹3.6 Cr; the operating margin was -4.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹6.1 | +21.7% | -23.9% |
| Operating profit | ₹-0.3 | loss narrowed | loss narrowed |
| Net profit | ₹3.6 | — | from loss |
| Operating margin | -4.2% | — | — |
📢 Recent Corporate Announcements
Bhilwara Technical Textiles Limited has submitted its monthly report regarding the special window for re-lodgment of transfer requests of physical shares for August 2026, pursuant to SEBI circular guidelines. As per the Registrar and Share Transfer Agent, Beetal Financial & Computer Services Private Limited, exactly 0 requests were received, processed, approved, or rejected during the month. The filing is purely compliance-driven with zero financial or operational bearing on the business.
- 0 requests received for physical share re-lodgment in August 2026
- 0 requests processed, approved, or rejected during the period
- Compliance submission under SEBI circular dated January 30, 2026
- Report provided by RTA Beetal Financial & Computer Services Private Limited
Bhilwara Technical Textiles Limited announced the voting results for its 19th Annual General Meeting held on 27th August 2026. A total of 4,61,54,158 votes were polled, representing 79.07% of the total outstanding shares. Shareholders approved all resolutions with over 99.9% majority, including the adoption of FY26 financial statements (99.98% in favour) and the re-appointment of Director Shri Riju Jhunjhunwala (99.98% in favour).
- All ordinary resolutions passed with requisite majority at the 19th AGM held on 27th August 2026
- Total voter turnout represented 79.0672% of total share capital (4,61,54,158 total votes polled)
- Adoption of FY26 financial statements approved with 99.9786% votes in favour (4,61,44,271 votes)
- Re-appointment of Director Shri Riju Jhunjhunwala approved with 99.9770% votes in favour (4,61,43,521 votes)
- Total number of registered shareholders on cut-off date stood at 11,765
Bhilwara Technical Textiles (BTTL) has approved the re-appointment of Shri Shekhar Agarwal as MD & CEO for a three-year term starting April 2027. The company also re-appointed Shri Rakesh Kumar Ojha as an Independent Director for five years. For the quarter ended June 30, 2026, the company's associate, BMD Private Limited, contributed a net profit share of ₹3.38 crore to the consolidated results. This contribution is critical as BTTL's standalone operations remain under pressure with a TTM PAT of ₹-11 crore.
- Re-appointment of MD & CEO Shekhar Agarwal for a 3-year term effective from April 1, 2027, to March 31, 2030.
- Re-appointment of Independent Director Rakesh Kumar Ojha for a second 5-year term starting November 10, 2026.
- Associate company BMD Private Limited contributed ₹3.38 crore to consolidated net profit for Q1 FY27.
- Associate company share in other comprehensive income stood at ₹51.53 lakhs for the June 2026 quarter.
- Company maintains a 49.87% stake in associate BMD Private Limited, which serves as its primary value driver.
Bhilwara Technical Textiles reported its Q1 FY27 results, where the primary value driver remains its 49.87% stake in associate BMD Private Limited. The associate contributed ₹3.38 Cr to the consolidated net profit for the quarter, a significant figure compared to the company's TTM revenue of ₹27 Cr. The board also approved the re-appointment of Shekhar Agarwal as MD & CEO for a three-year term starting April 2027. Given the company's history of standalone losses (₹-11 Cr in TTM PAT), the performance of the associate company is critical for consolidated profitability.
- Associate company BMD Private Limited contributed ₹3.38 Cr to consolidated net profit for the quarter ended June 30, 2026.
- Share of other comprehensive income from the associate stood at ₹51.53 lakhs for the same period.
- Re-appointment of Shri Shekhar Agarwal as MD & CEO for a 3-year term effective from April 1, 2027, to March 31, 2030.
- Re-appointment of Shri Rakesh Kumar Ojha as Independent Director for a 5-year term effective from November 10, 2026.
- The company maintains a strategic 49.87% stake in BMD Private Limited, which operates in automotive textiles and renewable energy.
Bhilwara Technical Textiles Ltd (BTTL) approved its Q1 FY27 financial results, where its associate company, BMD Private Limited, contributed Rs 3.38 Cr to the consolidated net profit. The board also approved the re-appointment of Shri Shekhar Agarwal as MD & CEO for a three-year term starting April 2027. Given BTTL's standalone TTM revenue of only Rs 27 Cr and a TTM loss of Rs 11 Cr, the performance of its 49.87% stake in BMD Private Limited remains the primary driver of value. Additionally, an Independent Director was re-appointed for a five-year term.
- Associate company BMD Private Limited contributed Rs 3.38 Cr to consolidated net profit for the quarter ended June 30, 2026
- Share in other comprehensive income from the associate stood at Rs 51.53 lakhs for Q1 FY27
- MD & CEO Shekhar Agarwal re-appointed for a 3-year term from April 1, 2027, to March 31, 2030
- Independent Director Rakesh Kumar Ojha re-appointed for a second 5-year term starting November 10, 2026
- The company maintains a significant 49.87% strategic stake in associate BMD Private Limited
Bhilwara Technical Textiles Ltd has submitted its monthly report regarding the special window for re-lodgment of physical share transfer requests for July 2026. The report, issued by its Registrar and Share Transfer Agent (RTA), Beetal Financial & Computer Services, indicates that zero requests were received, processed, or approved during the month. This filing is a routine regulatory requirement under a SEBI circular from January 2026. Given the company's small-cap status (₹261 Cr) and recent FY26 net loss of ₹11 Cr, this administrative update has no impact on financial performance.
- Total number of requests received for physical share transfer in July 2026 was 0
- Total number of requests processed and approved during the period was 0
- Average time taken for processing requests was reported as Not Applicable (NA)
- Compliance is maintained as per SEBI Circular dated January 30, 2026
Bhilwara Technical Textiles Ltd has filed a status report regarding the special window for re-lodgment of physical share transfer requests for the months of May and June 2026. According to the report from its Registrar and Share Transfer Agent (RTA), Beetal Financial & Computer Services, zero requests were received, processed, or rejected during this period. This filing is a standard compliance requirement under SEBI's circular dated January 30, 2026. The company, which reported a net loss of ‡11 Cr in FY26, remains focused on its trading operations and its 49.87% stake in associate BMD Private Limited.
- 0 requests received for physical share transfer re-lodgment during May and June 2026
- Compliance filing pursuant to SEBI Circular dated January 30, 2026
- Report issued by RTA Beetal Financial & Computer Services on August 7, 2026
- Company maintains a market capitalization of ‡261 Cr as of the reporting date
Bhilwara Technical Textiles Ltd has scheduled a board meeting for August 13, 2026, to approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is coming off a challenging FY26, where it reported a net loss of ₹11 crore on ₹27 crore revenue. Investors will be monitoring if the company can improve its operating profit margin, which stood at -63% for the trailing twelve months. The trading window for insiders remains closed until August 15, 2026.
- Board meeting scheduled for August 13, 2026, to review Q1 results.
- Trading window for dealing in shares closed until August 15, 2026.
- Company reported a significant net loss of ₹10 crore in the preceding March 2026 quarter.
- TTM revenue stands at ₹27 crore against a market capitalization of ₹272 crore.
Bhilwara Technical Textiles Ltd has scheduled its 19th Annual General Meeting (AGM) for August 27, 2026, to be held via video conferencing. The company is dispatching physical letters to shareholders with unregistered email addresses to provide digital access to the FY 2025-26 Annual Report and AGM notice. This follows a challenging financial year where the company reported a TTM revenue of ₹27 Cr and a net loss of ₹11 Cr. The cut-off date for e-voting eligibility is set for August 20, 2026.
- 19th Annual General Meeting to be held on August 27, 2026, at 2:00 PM IST
- Cut-off date for remote e-voting eligibility is Thursday, August 20, 2026
- Remote e-voting period runs from August 24 (9:00 AM) to August 26, 2026 (5:00 PM)
- Company reported a TTM net loss of ₹11 Cr against a revenue of ₹27 Cr
- Promoter holding remains stable at 73.54% as of March 2026
Bhilwara Technical Textiles (BTTL) released its FY26 Annual Report, highlighting a strategic pivot toward exports in Latin America and Africa. Standalone revenue surged to ₹26.91 Cr from ₹8.20 Cr in the previous year, while standalone net profit reached ₹2.28 Cr. However, the consolidated performance remains under pressure with a net loss of ₹11 Cr, primarily due to the performance of its 49.87% associate, BMD Private Limited. The company is focusing on cost rationalization and higher-value specialized yarns to improve margins.
- Standalone revenue grew 228% YoY to ₹26.91 Cr in FY26 compared to ₹8.20 Cr in FY25
- Standalone net profit increased to ₹2.28 Cr from ₹0.87 Cr in the previous financial year
- Export business volumes increased nearly 3x as the company shifted focus to international markets
- Maintains a strategic 49.87% stake in associate BMD Private Limited, which specializes in automotive fabrics
- AGM scheduled for August 27, 2026, to discuss FY26 performance and future strategy
Bhilwara Technical Textiles Limited (BTTL) has released its FY25-26 Annual Report, highlighting a significant jump in standalone revenue to ₹26.91 Cr from ₹8.20 Cr in the previous year. Standalone net profit also saw a sharp rise to ₹2.28 Cr, up from ₹0.87 Cr in FY25, driven by a strategic pivot from domestic trading to international exports in Latin America and Africa. Despite the standalone growth, the company remains a small-cap entity heavily dependent on its 49.87% stake in associate BMD Private Limited for its valuation moat.
- Standalone revenue from operations grew by 228% to ₹26.91 Cr in FY26 compared to ₹8.20 Cr in FY25.
- Standalone net profit increased 161% to ₹2.28 Cr from ₹0.87 Cr in the previous financial year.
- Export business volumes reached nearly 3x the levels of the previous year following expansion into 8 countries.
- The company maintains a 49.87% equity stake in associate BMD Private Limited, a specialist in automotive seating fabrics.
- The 19th Annual General Meeting is scheduled for August 27, 2026, via video conferencing.
Bhilwara Technical Textiles Ltd has announced its 19th Annual General Meeting (AGM) to be held on August 27, 2026, via video conferencing. The company has fixed August 20, 2026, as the cut-off date for determining shareholder eligibility for e-voting. This follows a difficult FY26 where the company reported a net loss of ₹11 crore on a revenue of ₹27 crore. Investors should monitor the upcoming Annual Report for updates on its 49.87% stake in associate BMD Private Limited, which drives the company's core valuation.
- 19th Annual General Meeting scheduled for August 27, 2026, at 2:00 p.m.
- Cut-off date for e-voting eligibility is fixed as August 20, 2026.
- Remote e-voting period runs from August 24 (9:00 a.m.) to August 26, 2026 (5:00 p.m.).
- Company reported a TTM net loss of ₹11 crore against a market cap of ₹272 crore.
- Strategic value remains tied to a 49.87% stake in associate BMD Private Limited.
Financial Performance
Revenue Growth by Segment
Revenue from the single business segment (Trading of yarns) decreased by 42.97% YoY, falling from INR 14.37 Cr in FY24 to INR 8.195 Cr in FY25.
Geographic Revenue Split
Not disclosed in available documents; however, the company is primarily listed on the BSE in India.
Profitability Margins
Net Profit Margin improved from 9.19% in FY24 to 10.64% in FY25, despite a 33.97% decline in absolute Net Profit to INR 0.87 Cr, largely supported by a 72.6% increase in Other Income.
EBITDA Margin
EBITDA Margin improved from 11.72% in FY24 to 17.13% in FY25, with absolute EBITDA at INR 1.40 Cr; however, core operating EBITDA (excluding other income) turned negative in FY25.
Capital Expenditure
Capital expenditure is minimal as the company is primarily a trading entity; Property, Plant and Equipment carrying value decreased from INR 0.0017 Cr to zero in FY25.
Credit Rating & Borrowing
The company reported no defaults on loans or interest payments; finance costs increased by 280% YoY to INR 0.0312 Cr.
Operational Drivers
Raw Materials
Textile yarns (for trading purposes), with the cost of materials consumed representing 69.63% of total revenue.
Capacity Expansion
The company currently operates as a trading entity with no reported manufacturing capacity; strategic exposure is maintained through a 49.87% stake in associate BMD Private Limited.
Raw Material Costs
Cost of materials consumed decreased by 24.33% YoY to INR 5.71 Cr, reflecting lower trading volumes.
Manufacturing Efficiency
Not applicable for the standalone trading business; however, associate BMD Private Limited maintains leadership in the OE segment for automotive fabrics.
Strategic Growth
Growth Strategy
Growth is driven by the trading of yarns and leveraging the performance of associate company BMD Private Limited, which is expanding into high-performance specialized furnishing fabrics and renewable energy (Wind and Solar).
Products & Services
Trading of various textile yarns and indirect provision of automotive furnishing fabrics and renewable energy through its associate.
Brand Portfolio
LNJ Bhilwara Group.
New Products/Services
Indirect exposure to new renewable energy projects (Wind and Solar) through associate BMD Private Limited.
Strategic Alliances
Maintains a 49.87% stake in BMD Private Limited, an associate company.
External Factors
Industry Trends
The industry is shifting toward specialized automotive textiles and renewable energy integration; the company's associate is positioned to capture these trends.
Competitive Landscape
Operates in a fragmented and competitive yarn trading market.
Competitive Moat
The company's moat is derived from its 49.87% stake in BMD Private Limited, which has a continuous track record in the specialized automotive OE segment, providing high entry barriers.
Macro Economic Sensitivity
Highly sensitive to textile industry demand cycles and interest rate fluctuations affecting finance costs.
Consumer Behavior
Increasing demand for high-performance and flame-retardant fabrics in the automotive and contract furnishing sectors.
Regulatory & Governance
Industry Regulations
Compliant with Ind AS and the Companies Act 2013; the company voluntarily discloses corporate governance despite being below mandatory thresholds.
Taxation Policy Impact
The company's effective tax rate for FY25 was 36.38%, with a total tax expense of INR 0.4987 Cr.
Legal Contingencies
No statutory dues of income tax, sales tax, GST, or customs duty are pending on account of any disputes as of March 31, 2025.
Risk Analysis
Key Uncertainties
Market price volatility of yarns and the performance of the automotive sector could impact margins by more than 5%.
Third Party Dependencies
High dependency on yarn manufacturers and suppliers for trading inventory.
Technology Obsolescence Risk
Low risk for the standalone trading business; moderate risk for the associate's manufacturing processes.
Credit & Counterparty Risk
Trade receivables movement of INR 0.62 Cr indicates active management of credit exposure.
