Bemco Hydraulics logo

Bemco Hydraulics financials and balance sheet

BSE: 522650Industrial ManufacturingSmall Cap

Last close ₹87.41down ₹7.61 (8.01%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹95.02.

52-week range of traded prices to 23 Oct 2026
₹59.99Low, 30 Mar 2026₹146.00High, 23 Oct 2025
Market cap
₹382 Cr2,023rd largest listed
P/E
23.7
P/B
4.5
Dividend yield
0.11%
ROE
20.9%
ROCE
22.0%
Debt to equity
0.21
Volume, BSE
21,350

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Bemco Hydraulics annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
Peak revenue ₹100 Cr, year to Mar 2025A loss in 1 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

  1. Revenue97
  2. Materials and goods−42
  3. Employee costs−18
  4. Other expenses−15
  5. Operating profit23
  6. Depreciation−1.5
  7. Other income+1.4
  8. One-off items0.0
  9. Finance costs−2.2
  10. Profit before tax21
  11. Tax−5.6
  12. Net profit15

What the company owns

  • Plant, investments and other assets₹68 Cr
  • Receivables₹34 Cr
  • Inventory₹25 Cr
  • Current investments₹14 Cr
  • Cash and bank₹5 Cr

What pays for it: net worth and liabilities

  • Net worth₹85 Cr
  • Owed to suppliers₹23 Cr
  • Other liabilities₹22 Cr
  • Borrowings₹18 Cr

Profit and loss

Consolidated, ₹ crore, years to March.Bemco Hydraulics quarterly results

₹ croreMar 2017Mar 2018Mar 2019Filed 22 MayMar 2020Filed 3 JulMar 2021Filed 25 JunMar 2022Filed 27 MayMar 2023Filed 27 MayMar 2024Filed 7 AugMar 2025Filed 12 JunMar 2026Filed 25 May
Revenue from operations424248326466488410097
38384329555442718074
Materials and goods bought23202512373621485042
Employee costs7–99101011131618
Other expenses7–97789101415
Operating profit before depreciation455410117132023
Operating margin10.1%11.2%10.5%10.9%15.3%16.9%14.1%15.8%20.3%23.6%
Materials, % of revenue54.7%–52.2%37.1%57.7%55.4%43.1%56.7%49.8%43.0%
Employee costs, % of revenue17.6%–19.0%29.3%15.5%15.0%23.7%15.6%15.5%18.1%
Other expenses, % of revenue17.6%–18.2%22.7%11.4%12.7%19.1%11.9%14.4%15.3%
Depreciation and amortisation1111111112
Operating profit after depreciation34439106131921
Other income1011010111
Finance costs3333332222
Profit before one-off items and tax1121785121821
One-off items3000000000
Profit before tax4121785121821
0011321456
411046481315
Other comprehensive income––00000000
Total comprehensive income––1046481215
Net margin8.7%1.9%2.1%−0.3%6.1%8.8%8.0%9.4%12.5%15.3%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank. Belonging to the company's shareholders is left blank for the year to Mar 2017: the filing's earnings per share does not match the profit it states, and cannot be multiplied back into the owners' profit because the company's periods around it state no share for other owners for the gap to belong to.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ croreMar 2019Filed 22 MayMar 2020Filed 3 JulMar 2021Filed 25 JunMar 2022Filed 27 MayMar 2023Filed 27 MayMar 2024Filed 7 AugMar 2025Filed 12 JunMar 2026Filed 25 May
3433374347557085
Share capital22222224
Reserves3131354145536880
141981314221918
3438343535515754
14141312121599
Total assets8185859194121136147
4746454544596162
3439404650627586
Net debt13173112146−2
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ croreMar 2021Filed 25 JunMar 2022Filed 27 MayMar 2023Filed 27 MayMar 2024Filed 7 AugMar 2025Filed 12 JunMar 2026Filed 25 May
12.412.5−7.110.513.316.3
13.314.2−5.715.218.010.0
3.22.2−13.91.44.4−7.2
Receivables−6.1−0.2−1.8−10.610.8−4.0
Inventories8.5−0.3−12.410.90.8−1.4
Payables0.92.10.61.4−7.4−3.3
Other working capital−0.10.5−0.3−0.30.11.5
Tax paid−0.9−1.8−1.4−4.7−4.26.3
Capital spending0.51.40.21.20.91.8
Free cash flow11.911.1−7.29.312.514.6
0.4−0.90.7−14.5−3.8−15.7
−10.3−5.6−2.46.0−5.6−4.5
Dividends paid0.00.00.00.00.40.4
Shares bought back0.00.00.00.00.00.0
Shares issued0.00.00.00.00.00.0
Net change in cash2.56.0−8.82.04.0−3.8
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020. Dividends received is left blank for the years to Mar 2024, Mar 2025 and Mar 2026: the line is filed below nought and is smaller than the rounding of its section's total, so the statement does not show which way it moved cash.

Per share

Consolidated, ₹ per share, years to March.Bemco Hydraulics dividend history

₹ per shareMar 2017Mar 2018Mar 2019Filed 22 MayMar 2020Filed 3 JulMar 2021Filed 25 JunMar 2022Filed 27 MayMar 2023Filed 27 MayMar 2024Filed 7 AugMar 2025Filed 12 JunMar 2026Filed 25 May
₹0.73₹0.19₹0.24−₹0.02₹0.90₹1.32₹0.89₹1.82₹2.87₹3.40
As stated that year₹14.66₹3.77₹4.70−₹0.49₹18.03₹26.41₹17.81₹36.32₹57.33₹3.40
₹0.73₹0.19₹0.24−₹0.02₹0.90₹1.32₹0.89₹1.82₹2.87₹3.40
–––––––₹0.10₹0.10₹0.10
––₹7.68₹7.61₹8.52₹9.86₹10.76₹12.55₹15.98₹19.29
Dividend payout–––––––5.5%3.5%2.9%
Shareholder yield––––0.0%0.0%0.0%0.0%0.1%0.2%
Market cap at the year end (₹ crore)30402120525288209340263
Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Consolidated, years to March.Bemco Hydraulics PE ratio and valuation

RatioMar 2017Mar 2018Mar 2019Filed 22 MayMar 2020Filed 3 JulMar 2021Filed 25 JunMar 2022Filed 27 MayMar 2023Filed 27 MayMar 2024Filed 7 AugMar 2025Filed 12 JunMar 2026Filed 25 May
Revenue growth–1.0%14.2%−32.8%98.8%1.6%−26.1%74.5%18.5%−3.0%
Operating profit growth–12.4%7.2%−30.1%178.8%12.0%−38.3%95.4%52.4%12.7%
Net profit growth–−77.3%24.7%––47.0%−32.8%103.9%57.9%18.6%
Earnings per share growth–−74.3%24.7%––46.5%−32.6%103.9%57.8%18.6%
––3.1%−0.3%11.1%14.4%8.6%15.5%20.0%19.2%
–––−3.4 pts11.5 pts3.2 pts−5.8 pts6.9 pts4.5 pts−0.8 pts
From the net margin–––−3.5 pts6.2 pts5.0 pts−1.3 pts1.5 pts5.2 pts4.5 pts
From asset turnover–––0.2 pts5.6 pts−0.2 pts−3.9 pts5.0 pts−0.1 pts−2.9 pts
From borrowing–––0.0 pts−0.4 pts−1.5 pts−0.5 pts0.5 pts−0.6 pts−2.3 pts
Return on capital employed––8.9%5.1%19.9%17.9%9.7%16.3%21.1%20.9%
Cash conversion––––314.8%215.3%−182.2%131.9%106.4%110.0%
Interest cover1.01.31.41.03.53.83.37.08.29.6
Debt to equity––0.410.580.220.300.300.400.270.21
Receivable days––1061259492133129140129
Inventory days––266747158159487175163221
Payable days––18531311915024585133205
Cash conversion cycle, days––187559133100375219170145
Working capital days––541352049174927699
Asset turnover––0.590.390.760.750.520.780.780.69
Assets per rupee of net worth––2.412.482.402.172.042.112.051.83
Sales per rupee of plant––1.090.741.471.491.121.912.272.23
Capital spending to depreciation––––0.581.480.181.530.611.15
Plant being built, % of plant in use––0.5%0.5%0.0%0.0%–0.0%0.0%2.8%
No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year
10.5%
Cash from operations against operating profit
71.4%
Measure10 years5 years3 years
Revenue growth, yearly rate–8.5%26.1%
Profit growth, yearly rate–30.4%56.3%
Return on equity, average–15.6%18.3%
Return on capital employed, average–17.2%19.5%
Operating margin, average14.9%18.1%19.9%
Net margin, average7.3%10.8%12.4%
Asset turnover, average–0.700.75
Cash conversion cycle, days, average–202178
Interest cover, average4.06.48.2
Debt to equity, average–0.300.29

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore5 years3 yearsLatest year
Cash from operations45.540.216.3
Cash from investing−34.2−33.9−15.7
Cash from financing−12.0−4.1−4.5
Capital spending5.43.81.8
Dividends paid0.90.90.4
Shares bought back0.00.00.0
Shares issued for cash0.00.00.0
Borrowings raised–0.40.1
Borrowings repaid12.712.61.9

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9––––895787
Altman Z-scorePublished threshold 1.81––1.611.262.462.552.723.695.214.71
Beneish M-scorePublished threshold −1.78––––−2.16−2.98−1.975.26−2.37−2.68
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets––––−10.43−6.5611.1211.072.3510.02
Cash from operations to profit, 3 yearsPublished threshold 0.7 times––––––1.310.900.691.14
Receivables growth less revenue growthOur threshold 0 percentage points–––12.50−49.33−2.7133.15−5.4610.77−7.93
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–––85.88−244.160.65118.39−147.09−7.3629.98
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–––0.240.420.540.22−0.810.065.27
Assets under construction, years of additionsOur threshold 2 years of additions–––0.440.000.00–0.000.001.13
Effective tax ratePublished threshold 17.16 per cent−0.0333.1246.48117.8843.5128.1815.9132.8628.5127.53
Tax charged less tax paid, % of profitOur threshold 10 percentage points–––––6.36−14.28−6.734.42−3.01
A threshold marked as ours has no published figure; it is the line we read the check against.