B. D. Industries (Pune) Ltd (544468)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, B. D.'s revenue was ₹53.0 Cr, and net profit ₹5.0 Cr; the operating margin was 18.9%.
| Q4 FY26 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹53.0 | — | — |
| Operating profit | ₹10.0 | — | — |
| Net profit | ₹5.0 | — | — |
| EPS (₹) | 3.58 | — | — |
| Operating margin | 18.9% | — | — |
📢 Recent Corporate Announcements
B. D. Industries (Pune) Limited has appointed Ms. Gunjan Ahuja as the Company Secretary and Compliance Officer with immediate effect from August 26, 2026. The appointment was approved at the Board of Directors meeting held between 5:00 p.m. and 5:27 p.m. on the same day. Ms. Ahuja is a qualified Company Secretary and Law Graduate with expertise in corporate governance and SEBI compliances. This is a routine statutory appointment to fulfill mandatory regulatory requirements under the Companies Act, 2013, and SEBI LODR Regulations.
- Appointment of Ms. Gunjan Ahuja as Company Secretary and Compliance Officer effective August 26, 2026
- Board meeting approving the appointment held on August 26, 2026, from 5:00 p.m. to 5:27 p.m.
- Appointee brings qualifications in Company Secretarial practice and Law with experience in SEBI and Companies Act compliances
B. D. Industries (Pune) Limited announced the appointment of Ms. Gunjan Ahuja as the Company Secretary and Compliance Officer, effective August 26, 2026. The appointment was approved at the Board of Directors meeting held on August 26, 2026, which ran from 5:00 p.m. to 5:27 p.m. IST. Ms. Ahuja is a qualified Company Secretary and Law Graduate experienced in corporate governance, statutory filings, and SEBI compliance. This is a routine regulatory appointment under SEBI LODR regulations with no impact on core business operations or financial results.
- Appointed Ms. Gunjan Ahuja as Company Secretary and Compliance Officer effective August 26, 2026
- Board meeting concluded in 27 minutes, running from 5:00 p.m. to 5:27 p.m. IST on August 26, 2026
- Appointment executed under Section 203 of Companies Act, 2013 and Regulation 6 of SEBI LODR Regulations
Acuité Ratings has downgraded B. D. Industries' long-term bank loan rating to 'ACUITE B- | Issuer not co-operating' from 'ACUITE B'. The short-term rating was reaffirmed at 'ACUITE A4 | Issuer not co-operating'. The company clarified that the facilities totaling Rs 10 crore (Letter of Credit, Proposed Short Term Loan, and Secured Overdraft) have been fully repaid to Union Bank of India. Management states that an NOC has been received and there is no current exposure under these specific facilities, attributing the downgrade solely to the 'non-cooperation' status.
- Long-term rating downgraded to ACUITE B- from ACUITE B under 'Issuer not co-operating' category
- Total bank facilities reviewed amount to Rs 10.00 crore
- Company confirms full repayment of facilities to Union Bank of India and receipt of No Objection Certificate (NOC)
- Short-term rating reaffirmed at ACUITE A4
- Issuer not co-operating
- Management clarifies there is no subsisting exposure under the rated facilities
Acuité Ratings has downgraded B. D. Industries' long-term bank loan rating to 'ACUITE B-' and reaffirmed the short-term rating at 'ACUITE A4', both tagged as 'Issuer not co-operating'. The company clarified that the bank facilities totaling Rs 10.00 Cr (including a Rs 6.00 Cr Letter of Credit and Rs 2.00 Cr Overdraft) have been fully repaid to Union Bank of India. The company holds a No Objection Certificate (NOC) from the lender, suggesting the downgrade is a technicality resulting from a lack of information sharing with the rating agency rather than financial default. With a low Debt-to-Equity ratio of 0.25, the immediate financial risk appears low despite the rating nomenclature.
- Long-term rating downgraded to 'ACUITE B-
- Issuer not co-operating' from 'ACUITE B'.
- Short-term rating reaffirmed at 'ACUITE A4
- Issuer not co-operating'.
- Total bank facilities involved in the rating action amount to Rs 10.00 Cr.
- Company confirmed that all rated facilities have been fully repaid and an NOC has been issued by Union Bank of India.
- The rating action is attributed solely to the 'Issuer not co-operating' classification.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company operates in plastic products for Custom Moulding, Automotive, Renewable Energy, Road Safety, and Material Handling, but specific segment growth percentages are not provided.
Geographic Revenue Split
Not disclosed in available documents. The company is headquartered in Mumbai with operations in Pune, but the percentage split between domestic and export revenue is not specified.
Profitability Margins
Not disclosed in available documents. No specific Gross, Operating, or Net profit margins were provided in the compliance certificates.
EBITDA Margin
Not disclosed in available documents. Core profitability and YoY changes in EBITDA are not available in the provided regulatory filings.
Capital Expenditure
Not disclosed in available documents. Historical or planned CAPEX in INR Cr is not mentioned.
Credit Rating & Borrowing
Not disclosed in available documents. Interest rates and specific credit ratings are not provided.
Operational Drivers
Raw Materials
Plastic resins and polymers (implied by 'Plastic products' business line). Specific names and the percentage of total cost they represent are not disclosed.
Capacity Expansion
Not disclosed in available documents. While the company serves sectors like Automotive and Renewable Energy, current installed capacity in MT or units is not provided.
Raw Material Costs
Not disclosed in available documents. No specific YoY cost changes or procurement strategies were detailed.
Strategic Growth
Growth Strategy
The company targets growth through diversification across multiple high-growth sectors including Automotive, Renewable Energy, Road Safety, and Material Handling. By maintaining ISO certifications, the company positions itself as a qualified vendor for Tier-1 OEMs and infrastructure projects requiring high-standard custom moulding.
Products & Services
Plastic products for Custom Moulding, Automotive components, Renewable Energy parts, Road Safety equipment, and Material Handling solutions.
Brand Portfolio
B. D. Industries (Pune) Limited.
External Factors
Industry Trends
The plastic moulding industry is shifting toward lightweighting in the automotive sector to support Electric Vehicle (EV) range efficiency. The renewable energy sector is increasingly using durable plastic components for solar and wind installations. The company is positioning itself in these high-growth verticals to capitalize on these technology shifts.
Competitive Moat
The company's moat is built on its integrated quality and safety certifications (ISO 9001, 14001, 45001). These are critical for the automotive and renewable energy industries, where vendor empanelment requires strict adherence to international standards, creating a barrier to entry for uncertified competitors.
Macro Economic Sensitivity
Not disclosed in available documents. However, the company is sensitive to industrial production growth and infrastructure spending in the renewable energy and road safety sectors.
Regulatory & Governance
Industry Regulations
Operations are governed by manufacturing standards for plastic products and safety requirements for road safety equipment. The company must adhere to ISO 45001:2018 for occupational health and safety to maintain its status as a supplier to large industrial clients.
Environmental Compliance
The company maintains ISO 14001:2015 certification for environmental management systems, indicating ongoing investment in environmental compliance and sustainability standards.
Risk Analysis
Key Uncertainties
Raw material price volatility (polymers) and sector-specific demand cyclicality in the automotive and renewable energy industries.
Geographic Concentration Risk
Not disclosed in available documents. Registered office is in Mumbai, Maharashtra.
Third Party Dependencies
Dependency on Cameo Corporate Services Limited for registrar and transfer agent services for security dematerialization.
Technology Obsolescence Risk
Risks related to the adoption of new materials or 3D printing technologies that could disrupt traditional custom plastic moulding processes.
