Bombay Dyeing & Mfg Company Limited (BOMDYEING)
₹98.66 +1.68% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Bombay Dyeing's revenue was ₹411 Cr (+8.7% year on year, +3.8% on the previous quarter), and net profit ₹7.1 Cr (-48.7% year on year); the operating margin was -0.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹411 | +8.7% | +3.8% |
| Operating profit | ₹-0.6 | loss narrowed | loss narrowed |
| Net profit | ₹7.1 | -48.7% | -66.3% |
| Operating margin | -0.1% | — | — |
BOMDYEING delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 29.04% of the BOMDYEING shares traded on NSE were taken to delivery, against the stock's own 20-session average of 40.49%. That is lower than usual for this stock.
Delivery in the last 5 sessions: 44.6% · 38.6% · 47.4% · 29.6% · 29.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Bombay Dyeing & Manufacturing Company Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate from Registrar and Share Transfer Agent KFin Technologies confirms that demat requests received during the period 1st July, 2026 to 30th September, 2026 were processed within 15 days of receipt. All security certificates received for dematerialisation were duly mutilated, cancelled, and substituted with depositories' names in the register of members. This represents a standard procedural regulatory filing with no operational or financial impact.
- Covers dematerialisation requests for the quarter period from 1st July, 2026 to 30th September, 2026
- RTA confirmed processing and approval/rejection of requests within 15 days of receipt
- Issued by RTA KFin Technologies Limited via confirmation dated October 08, 2026
Bombay Dyeing & Manufacturing Company has announced the voting results for its postal ballot concluded on October 9, 2026. Shareholders approved a special resolution for the re-appointment of Mr. Rajnesh Datt as Manager for a two-year term, with 98.06% of total votes polled in favor. A total of 11.44 crore shares voted out of 20.65 crore total shares, representing a 55.41% voter turnout. Notably, non-institutional public shareholders showed dissent, with 83.16% of their polled votes (22.17 lakh shares) voting against the resolution.
- Special resolution passed with 98.06% votes in favor (11,22,22,190 shares) and 1.94% against (22,16,957 shares)
- Overall voter turnout was 55.41% across 11,44,39,147 polled shares out of 20,65,34,900 total shares
- Promoter group voted 100% in favor, contributing 11,06,40,168 shares to the approval
- Public non-institutional category saw 83.16% opposing votes (22,16,957 shares against vs 4,49,025 in favor)
- Re-appointment is for a managerial tenure of two years
Bombay Dyeing & Mfg Co. has issued a Postal Ballot notice seeking shareholder approval via Special Resolution for the re-appointment of Mr. Rajnesh Datt as Manager of the company for a 2-year term from February 4, 2027, to February 3, 2029. Mr. Datt, who drew a remuneration of Rs. 1.38 crore in FY 2025-26, has 35 years of industry experience and has been with the company for 14 years. Remote e-voting commences on September 10, 2026, and concludes on October 9, 2026. The filing highlights ongoing momentum in real estate (THREE ICC project) and steady operations in PSF where the company maintains a 12% market share.
- Proposed re-appointment of Mr. Rajnesh Datt as Manager for a 2-year term from February 4, 2027, to February 3, 2029
- Remuneration drawn by Mr. Datt in FY 2025-26 was Rs. 1.38 crore p.a.
- Remote e-voting window runs from September 10, 2026 (9:00 AM IST) to October 9, 2026 (5:00 PM IST) with cut-off date of September 4, 2026
- Filing notes company's steady 12% market share in the Polyester Staple Fibre (PSF) segment
Bombay Dyeing & Mfg Company Limited responded to an NSE clarification inquiry dated 27th August 2026 regarding a significant spurt in trading volume. The company confirmed that it is fully compliant with Regulation 30 of SEBI LODR Regulations. It stated that no board-approved decisions or material price-sensitive events remain pending for disclosure that could explain the volume movement.
- Responded on 27th August 2026 to NSE inquiry regarding volume movement
- Confirmed complete compliance with Regulation 30 SEBI LODR disclosure norms
- Confirmed no undisclosed board-approved material events or price-sensitive information
Bombay Dyeing has received a Demand-cum-Show Cause Notice (SCN) from the Maharashtra State GST Authority for FY 2020-21 totaling ₹4.84 crore. The demand includes GST of ₹1.52 crore, interest of ₹1.80 crore, and a penalty of ₹1.52 crore regarding infrastructure charges and ITC reversal on flat sales. The company has already paid the core tax component of ₹1.52 crore under protest, leaving a pending contested balance of ₹3.32 crore. Operations remain unaffected, and the company plans to submit a formal response.
- Total demand-cum-show cause notice received for ₹4,84,19,772 under Section 74 of CGST/MGST Act for FY 2020-21.
- Notice comprises ₹1,52,25,088 in tax, ₹1,79,69,596 in interest, and ₹1,52,25,088 in penalty.
- Company has deposited the core tax liability of ₹1,52,25,088 under protest, leaving a balance notice of ₹3,31,94,684.
- Matter relates to GST on infrastructure charges received on sale of flats and late reversal of ITC post-Occupation Certificate.
The Board of Bombay Dyeing has approved the re-appointment of Mr. Rajnesh Datt as Manager (Key Managerial Personnel) for a two-year term effective February 4, 2027. Mr. Datt, who has 35 years of industry experience, has been with the company for 14 years and currently serves as COO of the PSF segment. The board also approved Q1 FY2027 results, noting specific expenses of Rs 89.65 cr and Rs 2.81 cr related to the THREE ICC real estate project. This leadership continuity is aimed at stabilizing the PSF segment, which holds a >10% market share in India.
- Re-appointment of Mr. Rajnesh Datt for a 2-year term from February 4, 2027, to February 3, 2029.
- Mr. Datt brings 35 years of experience in the polyester industry, including 14 years at Bombay Dyeing.
- Q1 FY2027 results include Rs 89.65 cr in other expenses specifically incurred for the THREE ICC Project.
- Employee benefit expenses of Rs 2.81 cr were attributed to the THREE ICC Project for the quarter ended June 30, 2026.
- The company maintains a market share of more than 10% in the Indian Polyester Staple Fibre (PSF) segment.
The Board of Bombay Dyeing approved the unaudited financial results for Q1 FY2027 and the re-appointment of Mr. Rajnesh Datt as Manager for a two-year term starting February 2027. The company disclosed significant project-related costs for the 'THREE ICC Project' totaling ₹92.46 cr during the quarter. Exceptional items were recorded due to provisions for real estate litigation, though specific amounts were not detailed in the summary. The Indonesian subsidiary, PT Five Star Textile Indonesia, continues to be classified as a discontinued operation.
- Re-appointment of Mr. Rajnesh Datt as Manager for a 2-year term effective from February 4, 2027.
- ₹89.65 cr incurred as 'Other Expenses' specifically for the THREE ICC Project in Q1 FY27.
- ₹2.81 cr incurred as 'Employee Benefits Expense' for the THREE ICC Project in Q1 FY27.
- Manager Mr. Rajnesh Datt brings 35 years of industry experience, including 14 years at the company.
- Provisions made for litigated matters pertaining to the Real Estate segment as exceptional items.
Bombay Dyeing approved its Q1 FY2027 results, highlighting significant project-specific costs. The company incurred Rs 89.65 crore in other expenses and Rs 2.81 crore in employee benefits specifically for the 'THREE ICC Project' during the quarter. Additionally, the board approved the re-appointment of Mr. Rajnesh Datt as Manager for a two-year term starting February 2027. The results also include provisions for ongoing real estate litigation, which may impact the bottom line.
- Rs 89.65 crore incurred in other expenses specifically for the THREE ICC Project in Q1 FY27
- Rs 2.81 crore spent on employee benefits for the THREE ICC Project during the same period
- Re-appointment of Mr. Rajnesh Datt as Manager for a 2-year term effective February 4, 2027
- Provisions made for litigated matters pertaining to the Real Estate segment in the current quarter
- Total project-specific expenses of Rs 92.46 crore represent approximately 6.3% of TTM revenue
Bombay Dyeing concluded its 146th Annual General Meeting on August 7, 2026, where shareholders considered seven key resolutions. These included the adoption of FY26 audited financial statements and the declaration of dividends for both preference and equity shares. The company also sought approval for a special resolution regarding remuneration for Non-Executive Directors in the event of profit inadequacy, reflecting the current thin TTM PAT of ‡27 Cr. Additionally, Mr. Rajesh Kumar Batra was re-appointed as an Independent Director for a second five-year term.
- 146th Annual General Meeting held on August 7, 2026, via video conferencing
- 7 total resolutions proposed, including adoption of Standalone and Consolidated FY26 accounts
- Approval of dividends for both Preference and Equity shares for the financial year ended March 31, 2026
- Special resolution proposed for Director remuneration in case of loss or inadequate profit
- Re-appointment of Mr. Rajesh Kumar Batra as Independent Director for a 5-year term
Bombay Dyeing held its 146th Annual General Meeting on August 7, 2026, to transact seven key resolutions. Shareholders considered the adoption of FY26 audited financial statements, which reported a TTM revenue of Rs 1,460.33 Cr and a PAT of Rs 26.92 Cr. Key approvals sought include dividends for both preference and equity shares, and the re-appointment of directors. A special resolution was also presented for the re-appointment of Mr. Rajesh Kumar Batra as an Independent Director, continuing past the age of 75.
- 146th AGM conducted on August 7, 2026, covering 7 total resolutions.
- Proposed declaration of dividends for both Preference and Equity shares for FY26.
- Special resolution moved for director remuneration in the event of profit inadequacy.
- Remote e-voting period concluded on August 6, 2026, at 5:00 P.M. IST.
- Company reported TTM PAT of Rs 26.92 Cr against a market cap of Rs 2,490 Cr.
Bombay Dyeing concluded its 146th Annual General Meeting on August 7, 2026, transacting seven key resolutions. These included the adoption of FY26 financial statements, where the company reported a revenue of Rs 1,460.33 Cr and a net profit of Rs 26.92 Cr. The meeting also addressed the declaration of dividends for both equity and preference shares for FY26. A notable special resolution involved the re-appointment of Mr. Rajesh Kumar Batra as an Independent Director for a second five-year term, extending beyond the age of 75.
- 146th Annual General Meeting held on August 7, 2026, via video conferencing.
- 7 resolutions transacted, including the adoption of FY26 Audited Financial Statements.
- FY26 annual revenue reported at Rs 1,460.33 Cr with a net profit of Rs 26.92 Cr.
- Proposed dividends for both Equity and Preference shares for the financial year ended March 31, 2026.
- Special resolution for re-appointment of Mr. Rajesh Kumar Batra as Independent Director for a second 5-year term.
Mr. Rohit Santhosh, the CEO of Bombay Realty (the company's real estate division), has resigned effective July 31, 2026, to pursue an outside leadership role. This departure is significant as the company's growth strategy is heavily reliant on its Mumbai real estate land bank and a planned project launch in H1 FY2026. While the resignation was tendered on May 4, 2026, providing a nearly three-month transition period, a successor has not yet been named. Given the company's negative operating margins (-3.8% TTM), the execution of the realty segment is critical for cash flow.
- Mr. Rohit Santhosh resigned from his position as CEO – Bombay Realty effective July 31, 2026.
- The resignation letter was submitted on May 4, 2026, allowing for a transition period of approximately 88 days.
- Bombay Realty is a core strategic pillar, with a new project launch scheduled for H1 FY2026.
- The company reported a TTM revenue of Rs 1460 Cr and is currently focusing on cost-efficiency to turn EBIT positive.
The Supreme Court of India has issued a notice to Bombay Dyeing regarding a Civil Appeal filed by SEBI. This appeal challenges a previous Securities Appellate Tribunal (SAT) order that had set aside SEBI's earlier ruling against the company. Significantly, the Supreme Court has not granted a stay on the SAT order, meaning the favorable ruling for the company remains operational for now. The company is required to file a reply, and the matter will be heard in due course.
- Supreme Court hearing held on July 13, 2026, regarding SEBI's Civil Appeal.
- Court issued a formal notice to the company to file its reply as per the order uploaded on July 15, 2026.
- No stay was granted against the SAT order which had previously set aside SEBI's adverse findings.
- The matter involves a long-standing regulatory dispute between SEBI and the company/promoters.
Bombay Dyeing has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ending June 30, 2026. The filing, issued by KFin Technologies Limited, confirms that all share certificates received for dematerialization were processed, mutilated, and cancelled within the mandated 15-day timeframe. This is a standard administrative procedure to ensure the accuracy of the company's shareholding records. It has no material impact on the company's financials or business operations.
- Compliance certificate covers the quarter from April 1, 2026, to June 30, 2026
- Demat requests were confirmed or rejected within 15 days of receipt
- Registrar and Share Transfer Agent (RTA) involved is KFin Technologies Limited
- Confirms substitution of depository names in the register of members for approved requests
Bombay Dyeing has announced its 146th Annual General Meeting (AGM) will be held on August 7, 2026, at 11:30 AM via video conferencing. The company is providing a web link and QR code for the FY 2025-26 Annual Report to reach shareholders who have not registered their email addresses. This follows a fiscal year where the company reported TTM revenue of Rs 1,460 Cr and a PAT of Rs 27 Cr. The report is expected to contain details on the critical real estate project launch planned for H1 FY2026.
- 146th Annual General Meeting scheduled for August 7, 2026
- Annual Report released for the Financial Year 2025-26
- AGM to be conducted via Video Conferencing at 11:30 AM (IST)
- Notice for the meeting was originally dated May 8, 2026
Financial Performance
Revenue Growth by Segment
Total consolidated revenue for H1 FY26 (period ending Sept 30, 2025) was INR 740.47 Cr, a decrease of 10.96% compared to INR 831.60 Cr in H1 FY25. The PSF segment contributed INR 733.99 Cr in H1 FY26, representing 99.1% of operational revenue. Real Estate segment revenue was not separately itemized for the half-year but showed an EBIT loss of INR 7.50 Cr.
Geographic Revenue Split
Not disclosed in available documents, though the company exports PSF which provides a natural hedge against forex volatility.
Profitability Margins
Consolidated Net Profit for H1 FY26 was INR 15.73 Cr, a 96.1% decrease from INR 408.35 Cr in H1 FY25, primarily because the previous year included a massive one-time gain from the Worli land sale. Operating profit before working capital changes was a loss of INR 21.78 Cr in H1 FY26 compared to a loss of INR 15.14 Cr in H1 FY25.
EBITDA Margin
The PSF segment reported negative EBIT in H1 FY26 on revenue of INR 733 Cr. However, overall EBITDA is expected to improve in H2 FY26 due to cost-efficiency projects and better realizations. Interest coverage ratio improved significantly to 32.21x from 12.18x YoY due to the prepayment of all long-term debt.
Capital Expenditure
The company is undertaking cost-efficiency projects in the PSF segment through FY2025 and FY2026 to reduce power costs and improve value addition. Specific INR values for planned capex are not disclosed, but the company maintains a liquidity surplus of INR 1,300 Cr to fund operations.
Credit Rating & Borrowing
CRISIL has revised the outlook to 'Positive' from 'Stable' and reaffirmed the long-term rating at 'CRISIL BBB+'. The short-term rating is 'CRISIL A2+'. The company is currently debt-averse with zero debt as of September 30, 2024.
Operational Drivers
Raw Materials
Polyester Staple Fibre (PSF) raw materials (typically PTA and MEG) and Cotton crop (India and Global) which impacts the demand and pricing of PSF by approximately 15-20% based on market substitution trends.
Import Sources
Not specifically disclosed, but the company monitors global cotton crop supply which suggests international sourcing or price benchmarking.
Capacity Expansion
PSF capacity utilization is currently at 85-90%. The company is planning to launch a new phase of its real estate project in H1 FY2026, which is expected to generate substantial cash flows.
Raw Material Costs
Raw material costs are susceptible to volatility in global prices and forex fluctuations. PSF margins were pressured in H1 FY26 due to price undercutting from surplus domestic capacity and raw material price volatility.
Manufacturing Efficiency
Capacity utilization for PSF is high at 85-90%. Efficiency is being targeted through value-added products and power-saving capex to turn EBIT positive in the PSF segment by the end of FY2025.
Strategic Growth
Expected Growth Rate
12%
Growth Strategy
Growth will be driven by the launch of a new real estate project in H1 FY2026, which is expected to provide significant cash flow. In the PSF segment, the company is focusing on cost-efficiency projects to improve operating margins and increasing the share of value-added products to capture more than 10% of the market share.
Products & Services
100% virgin polyester staple fibre (PSF), residential real estate (apartments and FSI), and textile retail products.
Brand Portfolio
Bombay Dyeing
New Products/Services
New real estate project launch scheduled for H1 FY2026; value-added PSF variants for apparel, home textiles, and industrial products.
Market Expansion
Targeting diverse end markets for PSF including automobiles, geotextiles, and hygiene products to reduce dependency on traditional textiles.
Market Share & Ranking
The company holds a significant market share of more than 10% in the Indian PSF segment.
Strategic Alliances
The company has a 97.36% owned subsidiary, P.T. Five Star Textiles in Indonesia.
External Factors
Industry Trends
The PSF industry is facing pressure from surplus capacity in India, leading to price wars. The real estate sector is seeing a trend toward land monetization, as evidenced by the company's INR 5,224 Cr total land sale at Worli.
Competitive Landscape
Faces intense competition in PSF from domestic players with surplus capacity and in real estate from major Mumbai-based developers.
Competitive Moat
The company's moat is built on its 140-year-old brand legacy and its prime real estate land bank in Mumbai. These are sustainable due to high entry barriers in Mumbai real estate and established customer trust in the PSF segment.
Macro Economic Sensitivity
Highly sensitive to the cyclicality of the Indian real estate industry and global commodity price cycles for polyester feedstock.
Consumer Behavior
Shift toward value-added and technical textiles is driving the company to diversify its PSF applications into hygiene and automotive sectors.
Geopolitical Risks
Ongoing wars and global supply chain disruptions are cited as concerns that could impact PSF demand and margin stability.
Regulatory & Governance
Industry Regulations
Operations are subject to changing legal and regulatory landscapes in India, particularly regarding real estate development and environmental norms for textile manufacturing.
Taxation Policy Impact
Income taxes paid (net) were INR 38.42 Cr in H1 FY26 compared to a refund/adjustment of INR 37.32 Cr in H1 FY25.
Legal Contingencies
The company has made a provision of INR 11.92 Cr towards litigated matters as of H1 FY26. It is also contesting a SEBI order from October 2022 that imposed a INR 2.25 Cr penalty and a 2-year market access ban, though the company maintains the transactions were legitimate.
Risk Analysis
Key Uncertainties
Volatility in raw material prices and the cyclical nature of real estate demand could impact cash flow predictability by 20-30%.
Geographic Concentration Risk
High concentration in the Mumbai real estate market for its property division.
Third Party Dependencies
Dependency on global cotton crop yields for PSF demand forecasting.
Technology Obsolescence Risk
The company is addressing technology risks by investing in cost-efficiency and power-saving manufacturing projects.
Credit & Counterparty Risk
Debtors turnover ratio improved to 33.43x, indicating high quality of receivables and efficient collection, particularly in the real estate segment.