BEW Engineering Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

BEW Engineering's H2 FY26 revenue jumped 18.21% YoY to INR 98.44 Cr, with full-year FY26 revenue up 38% to INR 185.54 Cr. However, FY26 EBITDA margin was squeezed to 5.18% (H2 EBITDA INR 2.09 Cr, PAT INR 2.44 Cr) due to volatile raw material costs and competition. Q1 FY27 margins are expected to remain under pressure.

Management aims for FY27 revenue near INR 300 Cr, targeting 8-10% EBITDA margins, potentially 13-14% with increased exports. Key strategies include boosting operational efficiency via SAP B1 and consultants, expanding high-margin exports (especially to Japan & USA), and developing new products/solutions.

The current order book is INR 65 Cr, with a pipeline of INR 200 Cr (expecting 50% conversion). New capacity expansion is 50% utilized and will reach full potential soon, capable of INR 300 Cr revenue. Inventory, largely Hastelloy, is high but expected to be utilized as orders increase. Debt levels are low, with limited need for new fundraising.

The company is strategically focused on balancing growth with profitability, actively addressing margin challenges through internal improvements and targeting high-value orders in a dynamic market.