BMW Ventures Ltd(BMWVENTLTD)

NSE: BMWVENTLTDBSE: 544543

₹ 64+2.01%refreshed 27 Oct, 10:52 am ISTMarket cap: ₹ 555 crWebsite: www.bmwventures.comUpdated: 27 Oct 2026

About

BMW Ventures, incorporated in 1994 and headquartered in Patna, Bihar, trades and distributes iron and steel products sourced mainly from Tata Steel, and distributes John Deere India tractors in Bihar. It also manufactures PVC pipes, pre-engineered buildings and railway girders, and works across five verticals. Revenue was 2278.23 crore in FY26. The company says it held a 33% share of the Bihar TMT market in FY26.^[1][2][3]

Business segments

Most revenue comes from trading and distributing iron and steel products (FY26).^[1]
Long products revenue rose from 332.3 cr to 466.1 cr in Q1 FY27 (+41%). TMT bars are the core product.^[3]
Flat products revenue fell from 126.8 cr to 114.8 cr in Q1 FY27 (-9%).^[3]
Fabrication grew 118% YoY in Q1 FY27 and contributed 4-5% of EBITDA.^[3]
The company is the authorised distributor of John Deere India tractors, tractor engines and spare parts across Bihar. It also rents out construction equipment.^[1]

Products and brands

The steel basket includes TMT bars, GC sheets, HR sheets, wire rods, galvanised colour-coated sheets, GP sheets, hollow sections, pipes and screws.^[1]
The company makes PVC pipes under the BMW Polytube brand (FY26). It is now moving pipes to contract manufacturing for Delhi-based Prayag Pipes (Q1 FY27).^[1][3]
Forward integration into bore piling and ready-built steel products supports a 4% margin uplift on select TMT orders (Q1 FY27).^[3]

Operations and capacity

The Purnea fabrication facility is RDSO-approved and can fabricate about 24,000 MTPA of PEBs and steel girders (FY26).^[1]
Management cited a fabrication capacity of 12,000 MT on the Q1 FY27 call.^[3]
The company runs six stockyards, one at Purnea and five at Patna (FY26), with 88,000 MT of storage capacity (FY26).^[1][3]
The company holds an RDSO approval for railway girders, which the annual report calls a high-entry-barrier qualification.^[1]

Key operating numbers

Long products volume rose 40% YoY in Q1 FY27.^[3]
Flat products volume fell 21% YoY in Q1 FY27 because GP sheet shipments were disrupted after the Strait of Hormuz closure.^[3]
Gross margin was 9.3% in Q1 FY27, down 152 bps YoY.^[3]
The fabrication order book was 9,613 tonnes in Q1 FY27, up from 2,530 tonnes a year earlier.^[3]

Customers, distribution and concentration

The steel network covers 1300+ dealers in 29 of Bihar's 38 districts (FY26). The call put the dealer count at 1,380 in FY26, up 6.2% YoY.^[1][3]
The company held a 33% share of the Bihar TMT market in FY26, according to the company.^[3]
Most steel revenue depends on a single principal supplier, Tata Steel. The annual report names this as a risk.^[1]
Operations are concentrated in Bihar, and the tractor business depends on the monsoon (FY26).^[1]

Plans and targets

Targets fabrication at 5% of revenue and 10% of total EBITDA by H1 FY28, with an indicative fabrication EBITDA margin of 9-11%.^[3]
Plans to build a PEB and railway girder order book at Purnea and to deepen dealer penetration in untapped talukas of Bihar.^[1]
Is exploring real-estate monetisation of land parcels at Dagarua and Hooghly, with developments expected by the end of Q2 FY27.^[3]

Recent developments

₹17,375.00 Lakhs of the IPO net proceeds went to repaying or prepaying borrowings (FY26).^[1]
Net debt to equity fell from 2.0x to 0.6x in FY26, and finance cost was down 25% YoY in Q1 FY27.^[3]

Market Cap

₹555 Cr

High / Low

₹75 / 48

Stock P/E

13.8

Price / Book

1.3

Book Value

₹51

EPS

₹4.3

No. of Shares

8.67 Cr

ROCE

11.4%

ROE

8.5%

OPM

3.5%

Debt / Equity

0.58

Sales

₹2,278 Cr

Net Profit

₹37 Cr

Promoter holding

73.6%

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