Batliboi Ltd(BATLIBOI)

NSE: BATLIBOIBSE: 522004

₹ 83.5-0.85%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 394 crWebsite: www.batliboi.comUpdated: 24 Oct 2026

About

Batliboi Ltd makes machine tools, textile machinery, air engineering (humidification) systems, and environmental engineering products such as industrial fans and air pollution control equipment. It has manufacturing plants in Surat, India and Peterborough, Canada. FY26 revenue was 440.43 (Rs cr), and the order inflow for FY26 was almost INR990 crores.^[1][2][3]

Business segments

Textile Machinery Group supplies spinning, knitting and processing machinery to the textile industry (FY25 annual report).^[1]
Air Engineering Group makes auto-control humidification plants, waste collection equipment and automatic controls for textile plants. It is diversifying into food, pharma and general industry (FY25 annual report).^[1]
Environmental Engineering Group provides air pollution control and industrial fans to the steel, power, oil & gas, sugar and cement industries (FY25 annual report).^[1]
Environmental Engineering reported Rs 51 cr revenue in 1HFY26, about 26% of the total.^[4]
Air Engineering revenue was INR57 crores in FY26, including INR17 crores in Q4 FY26.^[3]
Textile machinery revenue was INR50 crores in FY26, held back by partner restructuring abroad.^[3]

Subsidiaries

Quickmill Inc., a 100% subsidiary in Peterborough, Canada, makes large Gantry Drilling & Milling machines for the energy, structural steel, aviation and job-shop sectors.^[1]
Quickmill revenue was INR127 crores in FY26, including INR35 crores in Q4 FY26.^[3]
Bioconserve Renewables Envirotech Pvt Ltd was incorporated on April 8, 2025 to provide effluent treatment and zero liquid discharge (ZLD) solutions to the textile industry. It was profitable in its first year (FY26).^[1][3]
Quickmill is developing a High Rail machine and has started developing a new HD Rail machine (FY25 annual report).^[1]

Order book and inflows

The order backlog was about INR593 crores as of March 2026, against INR339 crores a year earlier.^[3]
FY26 order inflow was almost INR990 crores, against a target of Rs 1,000 cr.^[3][5]
Textile machinery order inflow was INR435 crores in FY26 (INR38 crores in Q4), and its backlog was INR238 crores at Q4 FY26.^[3]
Machine tool division backlog was INR163 crores at Q4 FY26 (27% of the company total), up from Rs 142 cr at Q3 FY26. Q4 inflow was about INR60 crores.^[3][5]
Air Engineering order inflow was INR67 crores in FY26 (INR17 crores in Q4).^[3]
Environmental Engineering backlog was INR32 crores at Q4 FY26, against Rs 97.36 cr at Q3 FY26.^[3][5]

Operations and capacity

The company has manufacturing plants in Surat, India and Peterborough, Canada (FY25 annual report).^[1]
115 machines made at the Udhna factory were installed in Q4 FY26, against 112 in Q3 FY26 and 75 in Q1 FY26.^[3][5][6]
Rs 25 cr capex to upgrade and expand the foundry and machine shop was fully commissioned by the end of Q1 FY26. The aim is to raise monthly output from about 30 to 60-70 machines.^[6]
Fan division production capacity rose by about 40% in FY26 after an operational efficiency exercise.^[3]
The centrifugal fan manufacturing was combined into one unit after the BEEL merger (Q2 FY26).^[4]

Customers and exports

Domestic revenue was 69% and international revenue 31% in Q2 FY26. The international share was 25% in Q1 FY26.^[4][6]
Quickmill received breakthrough Gulf and Saudi orders, including one from Aramco, in October 2025.^[4]
Air Engineering is targeting export markets in Vietnam, Indonesia, Egypt and Uzbekistan, and is active in Africa (FY25 annual report).^[1]
Q1 FY26 orders included 60 circular knitting machines worth Rs 45 cr and a cold isostatic press order worth Rs 14 cr.^[6]

Expansion and capex

Cumulative capex was INR27 crores in FY26. A further ~INR10 crores is planned for FY27.^[3]
A Quickmill plant expansion in Canada of about CAD 4 million (~INR25-30 crores) is pending municipal approval, which is expected within the next two quarters (as of Q4 FY26).^[3]
A ~1 MW rooftop solar plant at the Surat factory was planned for commissioning by end-March 2026.^[5]
The machine tool division is adding two new CNC machine platforms beyond its existing turning centres and VMCs (FY27 plan).^[3]
The company has MOUs with L&T and a Chinese electrolyser maker for green hydrogen. It expects inquiries to convert to orders within 2-3 quarters (as of Q4 FY26).^[3]

Recent developments

Batliboi Environmental Engineering Ltd merged into Batliboi Ltd after NCLT approval at the end of March 2025 and now forms the Environmental Engineering Group.^[6]
A Rs 7 cr exceptional charge for the new Labour Codes notified in November 2025 was taken in Q3 FY26.^[5]
Rs 15 cr from a prior fundraise is set aside for possible acquisitions that complement the business (Q3 FY26).^[5]

Market Cap

₹394 Cr

High / Low

₹157 / 66

Stock P/E

44.2

Price / Book

1.9

Book Value

₹49

EPS

₹1.2

No. of Shares

4.71 Cr

ROCE

6.8%

ROE

2.5%

OPM

4.8%

Debt / Equity

0.35

Sales

₹440 Cr

Net Profit

₹7 Cr

Promoter holding

72.4%

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