Bansal Roofing Products Ltd

BSE: 538546

₹ 156.6-4.98%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 206 crNext results: 4 Nov 2026Website: www.bansalroofing.comUpdated: 24 Oct 2026

About

Bansal Roofing Products designs, engineers, manufactures, supplies and erects pre-engineered steel buildings and value-added steel structures, including roofing sheets, decking sheets, purlins and other roll-formed products. Its manufacturing is based in Vadodara, and most of its sales are within Gujarat. Revenue from operations was about Rs 154.3 crore in FY26, and the company has recently entered solar module mounting structures.^[1][2][3][4]

Products

Products include pre-engineered buildings, roofing sheets and accessories, decking sheets, process-plant structures, roll-formed products and other custom fabricated-steel products (FY26 annual report).^[1]
The company is expanding into insulated panels as part of offering complete engineered building solutions (FY26 annual report).^[1]
Entered solar module mounting structure manufacturing; the roll-forming machinery became operational in Q2 FY27, and the company says it can produce 25,000 tons a month.^[4]

Operations and capacity

Manufacturing is based in Vadodara (FY26 annual report).^[1]
PEB capacity was 9,600 MT per annum in FY26 and goes to 15,000 MT per annum after expansion.^[4]
Purlin capacity was 1,500 MT per annum in FY26 and goes to 3,600 MT per annum after expansion.^[4]
Roofing sheet capacity is to expand from 10,000 MT to 15,000 MT per annum after the current expansion (Q1 FY27 call).^[4]
Added 100 kW of rooftop solar in Q1 FY27, taking the total to about 300 kW; about 45% of electricity use is now met by solar.^[4]

Key operating numbers

PEB production was 7,763 MT in FY26 vs 3,862 MT in FY25.^[3]
Roll-forming volumes were 6,901 MT in FY26 vs 5,491 MT in FY25; the division runs at around 50% of capacity.^[3]
Capacity utilisation in FY26: PEB 80.86%, purlins 85.20%, roofing sheets 50.72%, decking sheets 9.2%.^[4]
PEB production averaged 647 MT per month in FY26 against an installed capacity of 800 MT.^[3]
PEB order book covered about 2 months in Q1 FY27; average order size was Rs 3-5 crore.^[4]

Customers and markets

Customers come from manufacturing, power, renewable energy, cement, oil & gas, metals, pharmaceuticals, automotive, engineering, warehousing, airports and infrastructure (FY26 annual report).^[1]
Sales within Gujarat were 86.88% of revenue in FY26 vs 85.41% in FY25.^[3]
Exports were 1.00% of revenue in FY26 vs 0.00% in FY25.^[3]
The solar structures line is aimed at EPC contractors, solar park developers and infrastructure projects (Q3 FY26 call).^[5]

Expansion and capex

Phase 5 (shot blasting and painting, about 26,000 sq ft) and Phase 6 (light fabrication, about 200 MT per month) were under construction as of Q1 FY27, with completion expected by mid-September 2026.^[4][5]
PEB capacity is to reach 1,200 MT per month after Phases 5 and 6; dual shifts could take output to about 2,000 MT per month (Q1 FY27 call).^[4]
A new high-speed C&Z purlin machine adds about 150 MT per month of capacity and reduces reliance on third-party job work (Q4 FY26 call).^[3]
About Rs 5 crore of machinery capex in Q1 FY27 was funded by a term loan; debt was about Rs 6 crore at June 30, 2026, to be repaid over four years.^[4]
A continuous sandwich PUF panel line is in early planning, with estimated capex of Rs 20-25 crore (Q4 FY26 call).^[3]

Certifications and grading

Holds ISO 9001:2015 and obtained ISO 14001:2015 and ISO 45001:2018 during FY26.^[1]
Received ZED (Zero Defect Zero Effect) Gold Certification under the Government of India scheme (FY26 annual report).^[1]
Holds the CRISIL SME 1 grading, the highest level on that SME grading scale (FY26 annual report).^[1]

Market Cap

₹206 Cr

High / Low

₹212 / 98

Stock P/E

18.4

Price / Book

4.9

Book Value

₹32

EPS

₹8.0

No. of Shares

1.32 Cr

ROCE

34.4%

ROE

28.0%

OPM

9.3%

Debt / Equity

0.07

Sales

₹154 Cr

Net Profit

₹11 Cr

Promoter holding

73.2%

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