BirlaNu Ltd(BIRLANU)

NSE: BIRLANUBSE: 509675

₹ 1,249.7-0.58%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 942 crNext results: 2 Nov 2026Website: www.hil.inUpdated: 24 Oct 2026

About

BirlaNu Ltd, known as HIL Limited until FY25, makes building materials: fibre cement roofing, pipes and fittings, construction chemicals, AAC blocks, panels and boards, and Parador flooring. It runs 33 manufacturing facilities across India, Germany and Austria. Revenue was 3730.4 crore rupees in FY26. Its Charminar brand has nearly 25% of India's fibre cement roofing market.^[1][2]

Business segments

Floors (Parador engineered wood, laminate and vinyl flooring): 34.5% of FY26 revenue, Rs 1,286.55 cr in FY26 vs Rs 1,225.65 cr in FY25.^[3][1][4]
Roofs (mainly Charminar fibre cement sheets): 30.5% of FY26 revenue, Rs 1,139.31 cr in FY26 vs Rs 1,134.14 cr in FY25.^[3][1][4]
Pipes & Construction Chemicals: 18.5% of FY26 revenue, Rs 692.33 cr in FY26 vs Rs 714.35 cr in FY25. In FY26, Pipes made ₹495 cr and Construction Chemicals ₹117 cr.^[3][1][4]
Walls (AAC blocks, panels and boards): 16.3% of FY26 revenue, Rs 609.59 cr in FY26 vs Rs 538.73 cr in FY25.^[3][1][4]

Products and brands

Key brands as of FY26: Charminar, BirlaNu Aerocon, BirlaNu Leakproof Pipes, Topline, Clean Coats and Parador.^[1]
As of FY26 the pipes range has more than 20 products, including CPVC, uPVC, PVC-O, SWR, PPR, HDPE, gas pipes, fittings and water tanks.^[1]
As of FY26 the company is among the pioneers of in-house CPVC compounding under patent.^[1]
Buying Clean Coats added 275+ products in high-performance coatings and specialty chemicals (Q2 FY26).^[5]

Operations and capacity

As of FY26 the company runs 33 manufacturing facilities across India, Germany and Austria.^[1]
In FY26, Indian AC sheet plants were in Andhra Pradesh, Haryana, Jharkhand, Maharashtra, Uttar Pradesh and Odisha. AAC block plants were in Telangana, Haryana, Tamil Nadu, Odisha and Gujarat.^[1]
Boards & Panels capacity utilisation was 80-90% in Q1 FY27.^[6]
Pipes capacity utilisation was 50-60% in Q2 FY26.^[5]
As of FY26 the company has R&D centres in India and Germany. Its Hyderabad Innovation Centre is recognised by DSIR.^[1]
In FY26 the main raw materials were fibre, cement, resin and wood. AAC blocks use fly ash, cement and lime.^[1]
In FY26 the company had nearly 7,000 employees from 30+ nationalities, spread across 160+ towns.^[1]

Key operating numbers

Roofs revenue was Rs. 517 crores in Q1 FY27, up 17% YoY, with volumes up about 10%. Its market share rose about 1%.^[6]
In Q3 FY26, Roofs market share rose about 200 bps.^[7]
In Q1 FY27, Pipes revenue fell 11% and volumes fell 27% after swings in PVC resin prices.^[6]
Walls revenue grew 14% to Rs. 156 crores in Q1 FY27.^[6]
Parador's order book was up over 10% YoY in Q1 FY27.^[6]
Standalone India revenue grew 11% to Rs. 833 crores in Q1 FY27.^[6]

Customers and distribution

As of FY26 the company operates in over 80 countries, with more than 30,000 retail touchpoints and over 21,000 channel partners.^[1]
In FY26 it had a network of 150,000+ skilled applicators.^[1]
In FY26, no single customer accounted for more than 10% of total revenue.^[1]
In FY26, Clean Coats served pharma, steel, chemicals, oil & gas, F&B, infrastructure and water customers in India and 27+ countries.^[1]
In FY26, Parador set up entities in the USA, UK and Middle East. It also gained DIY share in DACH, Eastern Europe and Scandinavia, and is expanding into the US and India.^[1]

Expansion and capex

A greenfield boards plant for Walls is being built at Nellore, Andhra Pradesh. Commissioning is targeted for Q4 FY27, and investment was guided at about INR 125 cr in Q2 FY26.^[6][1]
In Q1 FY27 the Board approved a greenfield designer boards plant near Hyderabad: Rs. 167 crores capex including land, aimed at Rs. 140 crores of annual revenue.^[6]
In Q1 FY27, management said the boards capacity additions should add INR 300-350 crores of revenue once ramped up.^[6]
As of Q1 FY27, about INR 500 crores of capex was set aside for named greenfield and capacity programmes over the next couple of years.^[6]
Brownfield expansions in Walls are expected to start production around the start of Q3 FY27.^[8]
The OPVC pipes plant in Patna began commercial production in Q3 FY26 and was fully commissioned by Q4 FY26.^[7]
Parador has a BCG cost-out programme. Management targets at least 300-400 bps of EBITDA uplift, with full impact by Q4 FY27.^[6]

Recent developments

6 Oct 2026: the NCLT Hyderabad Bench approved the merger of Clean Coats Private Limited into BirlaNu. It takes effect once the orders are filed with the Registrar of Companies.^[9]
November 2025: the company bought Clean Coats, a maker of coatings and construction chemicals, for INR 110.19 cr. Management called it the first of several construction chemicals initiatives.^[1]
The merger of the Crestia group companies into BirlaNu took effect on March 31, 2026, with an appointed date of April 5, 2024. Crestia had been bought for Rs 160.45 crore.^[1][4]
In Q4 FY26, Parador booked a one-time severance provision of Rs. 19 crores.^[8]

Market Cap

₹942 Cr

High / Low

₹1,980 / 1,187

Stock P/E

-8.7

Price / Book

0.8

Book Value

₹1,472

EPS

₹-158.6

No. of Shares

0.75 Cr

ROCE

-4.0%

ROE

-10.3%

OPM

-2.3%

Debt / Equity

0.77

Sales

₹3,730 Cr

Net Profit

₹-120 Cr

Promoter holding

40.6%

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BirlaNu Ltd(BIRLANU)

About

Business segments

Products and brands

Operations and capacity

Key operating numbers

Customers and distribution

Expansion and capex

Recent developments

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