One of the micro-cap steel stocks engaged in the manufacturing and supply of various roofing solutions and pre-engineered building systems. The stock hits 2 percent after starting its new commercial production units in Vadodara, Gujarat.
Stock Price Movement
With a market capitalization of Rs. 123.29 crores, the shares of Bansal Roofing Products Limited’s stock surged by 2 percent, reaching an upper circuit of Rs. 93.52 per share on Thursday, up from its previous closing price of Rs. 91.69 per share.
What Happened
Bansal Roofing Products Limited has started commercial production at Phase-IV of its new unit (UNIT-II) in Vadodara, Gujarat, from January 6, 2025. This update is in line with the company’s obligations under SEBI regulations, informing stakeholders about the new production milestone.
Products Offering
Bansal Roofing offers a range of durable and aesthetically appealing products, including metal roofing sheets, pre-engineered buildings (PEBs), decking sheets, polycarbonate sheets, and color-coated roof accessories, serving diverse clients across various industries.
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Recent quarter results and ratios
Bansal Roofing Products Limited’s revenue has decreased from Rs. 26.92 crore in Q2 FY24 to Rs. 16.68 crore in Q2 FY25, which has down by 38.04 percent. The net profit of Bansal Roofing Products Limited has also down by 36.14 percent, from Rs. 0.83 crore in Q2 FY24 to Rs. 0.53 crore in Q2 FY25.
Bansal Roofing Products Limited’s revenue and net profit have grown at a CAGR of 36.15 percent and 25.99 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE should be 17.2 percent and 13.8 percent, respectively. The debt-to-equity ratio of the company is to be 0.16x, which shows the company is almost debt-free. Bansal Roofing Products Limited’s EPS is to be Rs. 2.26.
Shareholding pattern
In September 2024, Bansal Roofing Products Limited had a majority stake held by the promoters at 73.33 percent, foreign institutional investors at 0.15 percent, and the public at 26.52 percent.
Company Overview
Bansal Roofing Products Limited was established in 2008 and is headquartered in Vadodara, Gujarat. The company is a leading manufacturer of pre-engineered buildings (PEBs) and roofing accessories.
The company specializes in products like metal roofing sheets, decking sheets, and polycarbonate sheets, catering to the construction and industrial sectors.
Written By – Nikhil Naik
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