BEW Engineering FY26 revenue rises 38% to ₹185.54 crore
BEW Engineering reported a 38.09% increase in total income to ₹185.54 crore for FY26, driven by new customer additions and strong execution. However, PAT fell to ₹3.78 crore from ₹12.16 crore in the previous year, impacted by volatility in stainless steel and Hastelloy prices. EBITDA decreased to ₹9.61 crore. The company holds an order book of ₹65 crore and a pipeline of ₹200 crore, with capacity expansion completed and SAP implementation underway to improve efficiency.

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bew engineering reported a total income of ₹185.54 crore for the financial year ended March 31, 2026, reflecting a robust year-on-year growth of 38.09%. The company posted a Profit After Tax (PAT) of ₹3.78 crore for the year, compared to ₹12.16 crore in the previous year. Despite a volatile commodity environment impacting margins, the company maintained strong operational momentum with an order book of ₹53 crore as of March 31, 2026, which has since increased to ₹65 crore as per the latest earnings conference call.
The Managing Director, Rohan Prakash Lade, attributed the revenue growth to sustained demand for engineered process equipment solutions, the onboarding of new customers, and improved execution across ongoing projects. However, the company faced significant input cost pressures due to sharp increases in stainless steel and Hastelloy prices, which affected margins during the year. Consequently, EBITDA for FY26 stood at ₹9.61 crore, a decrease from ₹20.40 crore in FY25.
Financial Performance
The company’s financial results for FY26 highlight a scale-up in operations, although profitability metrics were impacted by the cost inflation. The finance costs were reduced to ₹3.84 crore in FY26 from ₹4.14 crore in FY25, despite higher working capital deployment.
| Particulars | FY26 (₹ Crore) | FY25 (₹ Crore) | Y-o-Y % |
|---|---|---|---|
| Total Income | 185.54 | 134.36 | 38.09% |
| Total Expenditure | 175.93 | 113.96 | 54.38% |
| EBITDA | 9.61 | 20.40 | (52.89%) |
| Profit Before Tax | 5.01 | 16.05 | (68.76%) |
| Profit After Tax | 3.78 | 12.16 | (68.87%) |
Operational Highlights
For the half-year ended March 31, 2026 (H2 FY26), income from operations grew 18% year-on-year to ₹98.44 crore. The company confirmed a healthy order inflow momentum with a confirmed order book of approximately ₹53 crore, alongside multiple enquiries under discussion, providing visibility for future growth. Management indicated that the current order book stands at ₹65 crore, with a pipeline of around ₹200 crore.
Strategic investments were undertaken during the year to expand production floor space and enhance manufacturing capacity. The company also commenced the implementation of SAP systems and engaged specialized consultants for process optimization to strengthen operational controls and decision-making capabilities. Management stated that the new facility expansion is complete and currently utilized at around 50% capacity, with full utilization expected in the coming months. The company targets a revenue of ₹300 crore at optimal capacity and aims for EBITDA margins in the range of 8-10%.
Historical Stock Returns for BEW Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.05% | +9.82% | +10.08% | -41.15% | -56.79% | -47.00% |
What specific pricing strategies is Bew Engineering implementing to offset the volatility in stainless steel and Hastelloy costs?
How will the company utilize the expanded production capacity to convert the ₹200 crore pipeline into confirmed orders?
What timeline does management anticipate for reaching the targeted 8-10% EBITDA margins as the new facility ramps up to full utilization?

























