Smart Horizon Capital Advisors Pvt. Ltd.
Company Profile
Bombay Coated and Special Steels Limited, incorporated in December 2019, is a specialized steel processing centre that converts steel coils into value-added processed products such as slit coils, blanks, and sheared components for Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs). The company’s products cater to a wide range of industries, including home and commercial appliances, automotive components, electrical equipment, and general engineering, alongside providing logistics and just-in-time delivery services.
Operating four manufacturing facilities across Maharashtra, Rajasthan, and Andhra Pradesh spanning an aggregate area of over 42,000 square metres, the company possesses an installed processing capacity exceeding 1,23,000 metric tonnes per annum. Since 2021, it has maintained an authorized service partnership with JSW Steel Coated Products Limited, ensuring reliable access to raw steel coils. Backed by this strategic infrastructure, the company serves a prominent and diversified customer base featuring major industry players such as Haier, IFB, Dixon, and Amber Enterprises.
For the year/period ended (Rs. in Cr.)
| FY26 | FY25 | FY24 | |
|---|---|---|---|
| Total Revenue | 1266.82 | 1055.71 | 755.26 |
| Profit After Tax | 30.54 | 28.67 | 21.14 |
| EPS | 7.64 | 7.24 | 5.34 |
| EBITDA Margin (%) | 6.79 | 7.02 | 6.51 |
| PAT Margin (%) | 2.41 | 2.72 | 2.80 |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY26 |
Net Profits(Cr.) FY26 |
|---|---|---|---|---|---|---|
| Bombay Coated & Special Steels Limited | 515.16* | 82 | 2.70 | 16.87 | 1266.82 | 30.54 |
| BMW Industries Ltd | 1087 | 48.3 | 1.37 | 12.8 | 665 | 81 |
| Manaksia Coated Metals & Industries Ltd | 1262 | 118 | 3.58 | 30.9 | 884 | 41 |
| Shiv Aum Steels Limited | 711 | 523 | 5.89 | 74.7 | 534 | 7 |
*Market cap @upper band
The Company BOMBAY COATED & SPECIAL STEELS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
At the upper band of IPO Rs. 82, the stock is valued at 16.87 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.