BMW Industries Shares Rise 5% After Starting Colour Coating Line at ₹803 Cr Bokaro Complex

Key numbers

Market Cap	₹1,189.58 CrSmall Cap
Net Profit Growth	25.8%YoY Q1 FY27
P/E Ratio	13.99Industry: 33.59
Promoter Holding	74.36%No Pledges

Key highlights

• Commencement of the first phase of the Greenfield Downstream Steel Complex at Bokaro
• Receipt of Consent to Operate for the Colour Coating Line on October 5, 2026
• Launch of Colour Coated Steel Sheets and Coils catering initially to the domestic market
• Project is part of a larger ₹803.47 crore capital expenditure plan approved in 2025
• Company aims for a consolidated revenue CAGR of 70-75 percent between FY25 and FY28

Phase One Milestone at Bokaro Steel Complex

BMW Industries has hit a significant operational milestone with the commissioning of its Colour Coating Line in Bokaro, Jharkhand. This unit represents the first phase of a broader Greenfield Downstream Steel Complex. The company obtained the formal Consent to Operate on October 5, 2026, transitioning the facility from hot trials into commercial production.

The new line will manufacture colour-coated steel sheets and coils, primarily targeting the domestic Indian market. While the initial focus remains on local demand, management has indicated that the company may explore international market opportunities as production scales and market conditions permit.

Strategic Expansion and Infrastructure Growth

• The project aligns with the ₹803.47 crore capital expenditure approved by the board in March 2025 for a 1.04 MTPA downstream complex
• Recent expansion includes increasing pipes and tubes capacity from 600,000 MTPA to 732,000 MTPA in May 2026
• The company previously inaugurated two new tube mills in May 2025, adding 60,000 MTPA to its Jamshedpur facility
• A 1.28 MW rooftop solar plant was commissioned at the Jamshedpur site in 2025 as part of sustainability initiatives
• Manufacturing footprint now spans multiple units across West Bengal and Jharkhand with a joint venture with SAIL

Financial Performance and Revenue Guidance

The commissioning comes at a time of steady financial growth for BMW Industries. In the quarter ended June 30, 2026, the company reported operating revenue of ₹166 crore, representing an 11.64 percent increase compared to the previous year. Net profit for the same period rose 25.8 percent to ₹19.12 crore.

The company is currently executing a major multi-year work order from Tata Steel Limited worth approximately ₹1,764 crore, which runs through March 2029. Management has reaffirmed guidance targeting a consolidated revenue CAGR of 70 to 75 percent through FY28, aiming for a top line of approximately ₹3,200 crore.

What to watch next

• Targeting consolidated revenue of approximately ₹3,200 crore by FY28
• Expansion of sales reach into international markets based on demand
• Completion and commissioning of subsequent phases at the Bokaro complex
• Execution of the ₹1,764 crore coil processing order for Tata Steel through 2029

BMW Industries · financial snapshot

Share price	₹52.85
Market capitalisation	₹1,189.58 Cr
Revenue (annual)	₹665.23 Cr
Net profit (annual)	₹81.12 Cr
Revenue (latest quarter)	₹166.00 Cr-20.76% vs previous quarter
Net profit (latest quarter)	₹19.12 Cr-42.33% vs previous quarter
P/E (TTM)	13.99×Sector 18.13×
Promoter holding	74.36%0.00% QoQ
FII holding	0%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.