BMW Ventures Ltd

BMW Ventures FY26: Revenue & PAT Growth, Post-IPO Balance Sheet Strengthens 📊

- The 32nd Annual General Meeting (AGM) of BMW Ventures Limited will be held on Monday, August 24, 2026, at 02:15 P.M. (IST) through Video Conferencing.

- Ordinary Business includes adoption of audited financial statements for FY 2025-26 and re-appointment of Mrs. Rachna Kishorepuria, who retires by rotation.

- Special Business includes approval for change in designation of Mrs. Sabita Devi Kishorepuria from Non-executive Director to Executive Director for a period of 5 years, effective May 27, 2026, with a consolidated remuneration of Rs. 500,000 per month.

- Special Business also includes appointment of M/s NKM and Associates, Practicing Company Secretary, as Secretarial Auditor for a term of 5 consecutive years, with proposed remuneration of Rs. 1,00,000 for FY 2026-27.

- The remote e-voting period commences on Thursday, August 20, 2026, at 9:00 a.m. IST and ends on Sunday, August 23, 2026, at 5:00 p.m. IST.

- Key Managerial Personnel include Mr. Birendra Yadav (CFO) and Mrs. Ruchika Maheshwari Kejriwal (Company Secretary & Compliance Officer).

- Statutory Auditor is M/s. A D V & Associates, Chartered Accountants.

- The registered office is at 1st Floor, Mona Cinema Complex, East Gandhi Maidan, Patna-800004.

- Financial Performance: Total income for FY 2025-26 was Rs. 2,28,243.12 lacs, up from Rs. 2,06,733.21 lacs in FY 2024-25. Net profit after tax was Rs. 3,748.31 lacs, compared to Rs. 3,282.33 lacs in the previous year.

- Dividend: An interim dividend of Rs. 1.50 per equity share was declared and paid. This will be treated as the final dividend for FY 2025-26.

- Share Capital & IPO: The company issued 3,24,00,000 equity shares via an IPO and got listed on NSE and BSE from October 1, 2025. Paid-up share capital as of March 31, 2026 is Rs. 86,71,50,000.

- Business: The company is engaged in trading & distribution of Iron and Steel products (sourced from Tata Steel and John Deere India) and manufacturing of PVC pipes, Pre Engineering Buildings & Railway Girders in Bihar.

- Board & Management: The board has 8 directors. Mrs. Rachna Kishorepuria will retire and seek re-appointment. Mrs. Sabita Devi Kishorepuria's designation is proposed to change from Non-Executive to Executive Director.

- CSR Spending: The company's CSR obligation for the year was Rs. 85.29 lacs. After a set-off, the net obligation was Rs. 72.05 lacs. The company spent Rs. 80.60 lacs on various CSR projects.

- Employee Remuneration: The median employee remuneration for FY 2025-26 was Rs. 2,25,961, which is an 8.08% decrease from the previous year. The company had 429 permanent employees.

- Auditors: Statutory Auditor M/s ADV & Associates and Secretarial Auditor M/s NKM and Associates provided unqualified reports. M/s. M K Kishorepuria & Co. was re-appointed as Internal Auditor.

- Key Changes: The company transitioned from a public unlisted to a public listed company during the financial year.

- Compliance: The report states there are no significant regulatory orders, no frauds reported by auditors, and no pending sexual harassment complaints.

- Company completed its IPO of 2,34,00,000 Equity Shares at Rs. 89 per share, aggregating Rs. 2,31,66,00,000. Shares listed on NSE and BSE from October 01, 2025.

- Revenue from Operations grew 10.48% to Rs. 2,27,823.90 Lakhs in FY 2025-26. Profit After Tax grew 14.20% to Rs. 3,748.31 Lakhs.

- EBITDA was largely stable at Rs. 8,214.69 Lakhs. Earnings Per Share (EPS) was Rs. 4.99.

- Net Worth more than doubled to Rs. 44,184.65 Lakhs post-IPO. Total Borrowings reduced by 39.79% to Rs. 25,794.36 Lakhs.

- Finance Costs declined by 20.44% to Rs. 3,006.44 Lakhs due to debt repayment from IPO proceeds.

- Key Financial Ratios: Debt-Equity Ratio improved to 0.58 from 2.04. Current Ratio improved to 1.95 from 1.23. Return on Net Worth was 11.50%.

- IPO net proceeds of Rs. 20,666.70 Lakhs were fully utilized: Rs. 17,375.00 Lakhs for debt repayment and Rs. 3,291.70 Lakhs for general corporate purposes.

- Company operates across five verticals: trading/distribution of iron & steel (primary supplier Tata Steel), authorized distributor for John Deere tractors in Bihar, manufacturing of PVC pipes ('BMW Polytube'), fabrication of PEBs & Railway Girders (RDSO-approved Purnea facility), and construction equipment rental.

- Company delayed submission of financial results for quarter ended June 30, 2025 under SEBI (LODR) Regulations.

- Board comprises 8 Directors: 1 Managing Director, 2 Executive Directors, and 5 Non-Executive Directors (of which 4 are Independent).

- Company identified key applicable laws including National Steel Policy 2017, SEBI LODR, various environmental acts, and the four newly notified Labour Codes (notified on 21st November, 2025).

- Outlook focuses on scaling steel distribution in Bihar, building PEB/railway girder order book, and deploying strengthened balance sheet for working capital efficiency.

- CSR Committee held 2 meetings in FY 2025-26; all 4 members attended both meetings.

- Managing Director Mr. Nitin Kishorepuria received remuneration of Rs. 1,44,00,000 for FY 2025-26.

- Executive Directors Mr. Bijay Kumar Kishorepuria and Mrs. Rachna Kishorepuria received Rs. 1,20,00,000 and Rs. 96,00,000 respectively.

- Non-Executive Directors received sitting fees ranging from Rs. 80,000 to Rs. 1,15,000.

- No commission was paid to Directors during FY 2025-26.

- The company paid a penalty of Rs. 224,200 to stock exchanges for delay in filing quarterly results.

- Statutory audit fees for the year amounted to Rs. 4,00,000.

- No complaints were filed under the Sexual Harassment Act during FY 2025-26.

- The company's total paid-up equity share capital is 8,67,15,000 shares.

- Promoters and promoter group hold 73.02% of shares (6,33,15,000 shares).

- 100% of the company's shares are held in dematerialized form.

- The top shareholder is BMW Fin - Invest Private Limited with 28.11% holding (24,382,600 shares).

- The company has a credit rating of BBB from CRISIL.

- An interim dividend of ₹1.50 per equity share was paid during the year; no final dividend was declared.

- The company completed an Initial Public Offer (IPO) of 2,34,00,000 equity shares at ₹99 per share, raising ₹23,166.00 lakhs. The shares were listed on BSE and NSE on 1 October 2025.

- Revenue from operations for the year ended 31 March 2026 was ₹2,27,823.90 lakhs, compared to ₹2,06,203.52 lakhs in the previous year.

- Profit for the year (after tax) was ₹3,748.31 lakhs, up from ₹3,282.33 lakhs in the previous year.

- Total assets stood at ₹75,205.45 lakhs as at 31 March 2026, up from ₹67,606.98 lakhs the previous year.

- Total equity increased significantly to ₹44,184.65 lakhs (from ₹21,011.78 lakhs), driven by the IPO proceeds and retained earnings.

- The company granted unsecured loans to parties (other than subsidiaries, joint ventures, associates) amounting to ₹641.27 lakhs during the year, with the same amount outstanding at year-end.

- Outstanding corporate guarantees aggregated ₹2,800.00 lakhs at the balance sheet date.

- The company has working capital limits in excess of ₹5 crore from banks, secured by current assets.

- No fraud was reported by or against the company during the year.

- The company has not revalued its Property, Plant and Equipment or intangible assets during the year.

- The company did not incur any cash losses in the current or immediately preceding financial year.

- An excess of ₹8.55 lakhs remains available for set-off against Corporate Social Responsibility (CSR) spending in succeeding financial years.

- The auditor's report confirms the company has adequate internal financial controls and that they were operating effectively as at 31 March 2026.

- Company name: BMW Ventures Limited (CIN: L25111BR1994PLC006131).

- Financial figures are presented in Rs in lakhs, unless stated otherwise.

- Property, Plant & Equipment (PPE) net block as of 31 March 2026: Rs 10,768.14 lakhs. Gross block increased from Rs 10,519.57 lakhs (01 April 2024) to Rs 14,290.58 lakhs (31 March 2026).

- Intangible Assets Under Development as of 31 March 2026: Rs 13.50 lakhs (all aged < 1 year).

- Capital Work in Progress (CWIP) as of 31 March 2026: Rs 0 lakhs (closed from Rs 52.50 lakhs in the previous year).

- Investment Properties net block as of 31 March 2026: Rs 4,064.31 lakhs. Fair Market Value as per valuer: Rs 8,452.03 lakhs.

- Rental Income from Investment Properties for FY26: Rs 153.74 lakhs.

- Non-current Investments (quoted equity shares) as of 31 March 2026: Rs 0.03 lakhs.

- Other Non-Current Financial Assets (Security Deposits, etc.) as of 31 March 2026: Rs 83.15 lakhs.

- Inventories as of 31 March 2026: Rs 29,741.78 lakhs (Raw Materials: Rs 1,106.233 lakhs, Finished Goods: Rs 779.604 lakhs).

- Current Investments as of 31 March 2026: Rs 503.85 lakhs (includes Investment in Partnership Firm: Rs 207.79 lakhs and Investment in Gold: Rs 296.06 lakhs).

- Trade Receivables (net) as of 31 March 2026: Rs 25,966.55 lakhs. Gross receivables were Rs 26,441.65 lakhs with an allowance for doubtful debts of Rs 475.10 lakhs.

- Cash & Cash Equivalents as of 31 March 2026: Rs 65.94 lakhs.

- Bank Balances (other than cash equivalents) as of 31 March 2026: Rs 378.61 lakhs.

- Equity Share Capital: Authorised: 9,00,00,000 shares of Rs 10 each (Rs 9,000.00 lakhs). Issued, Subscribed & Fully Paid-up as of 31 March 2026: 8,67,15,000 shares (Rs 8,671.50 lakhs), increased from 6,33,15,000 shares (Rs 6,331.50 lakhs) due to an IPO.

- Key Promoter Shareholdings (as of 31 March 2026): BMW Fin-Invest Private Limited (28.12%), Nitin Kishorepuria (20.29%), Sabita Devi Kishorepuria (6.69%), Ridhi Sidhi Fincon Private Limited (6.38%), Rachna Kishorepuria (5.15%), Bijay Kumar Kishorepuria (4.57%).

- The company transferred its entire interest in the partnership firm M/s BMW Hardware & Steel with effect from 1 April 2026.

- Company reported a profit for the year of ₹3,748.31 lakhs for FY26, up from ₹3,282.33 lakhs in FY25.

- Total Reserves & Surplus increased to ₹35,513.15 lakhs as of 31st March, 2026 from ₹14,680.28 lakhs a year earlier.

- Securities Premium reserve was created from an IPO, receiving ₹20,826.00 lakhs as premium on the issue of 2,34,00,000 equity shares of ₹10 each at ₹99 per share. Share-issue expenses of ₹2,499.30 lakhs were written off.

- Dividend of ₹1.50 per equity share was paid in both FY26 (₹1,300.72 lakhs) and FY25 (₹949.73 lakhs).

- Total Borrowings (Current & Non-Current) stood at ₹25,794.36 lakhs as of 31st March, 2026, down from ₹42,838.55 lakhs as of 31st March, 2025.

- Revenue from Operations increased to ₹2,27,824 lakhs in FY26 from ₹2,06,204 lakhs in FY25.

- Basic and Diluted Earnings Per Share (EPS) were ₹4.99 for FY26, compared to ₹5.18 for FY25.

- Contingent Liabilities for guarantees and letters of credit were ₹2,800.00 lakhs as of 31st March, 2026, down from ₹5,745.00 lakhs a year earlier.

- Corporate Social Responsibility (CSR) expenditure was ₹80.60 lakhs against a requirement of ₹85.29 lakhs for FY26, resulting in a shortfall of ₹4.69 lakhs.

- The gratuity plan's defined benefit obligation was ₹511.57 lakhs as of 31st March, 2026, with plan assets of ₹479.00 lakhs.