BMW Industries will attend a no deal road show in Mumbai on June 04 and 05, 2026, to meet various investors and analysts. The company will discuss its operations and performance during the event, which is organized by Prabhudas Liladher Private Limited. No unpublished price-sensitive information is proposed to be shared during the meeting. The dates of the meeting are subject to change due to exigencies on the part of investors, analysts, or the company.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company intimated the exchanges about the event. The disclosure was submitted to BSE Limited and The Calcutta Stock Exchange Limited on June 01, 2026.

About BMW Industries Limited

BMW Industries Limited is a leading manufacturer in the steel services sector, operating across multiple segments of the steel value chain. The company focuses on downstream steel products and processing services, manufacturing HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, and TMT rebars. It processes these products for marquee steel players in India.

Incorporated in 1981, the company has its registered office in Kolkata, West Bengal, with manufacturing units in West Bengal and Jharkhand. BMW Industries has a joint venture with Steel Authority of India Limited (SAIL), with the plant located in Bokaro. The company has positioned itself strategically in the value chain to add value to its customers through manufacturing and supply chain services.

BMW Industries Limited released the transcript of its Investors'/Analyst Meet Conference Call held on May 07, 2026, covering audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The filing was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and submitted to BSE Limited and The Calcutta Stock Exchange Limited on May 11, 2026. The transcript and audio recording are available on the company's official website at www.bmwil.co.in . The filing was signed by Vikram Kapur, Company Secretary & Compliance Officer (M.No.: A9812).

Record Financial Performance in Q4 and Full Year FY26

Managing Director Harsh Bansal opened the call by highlighting the company's strongest-ever quarterly and annual results. The following table summarizes the key financial metrics reported:

The Board recommended a final dividend of INR0.43 per share, reflecting a payout ratio of 12%. Net debt for the year stood at INR364 crores with a net debt-to-equity ratio of 0.45x. This includes INR143 crores drawn down for the Bokaro greenfield project; excluding Bokaro-related borrowings, the net debt-to-equity ratio stood at 0.27x. The company deployed INR109 crores of internal accruals into the Bokaro expansion during the year.

Operational Highlights: Capacity Utilization and Production Growth

BMW Industries reported strong operating momentum across its downstream businesses during FY26. The CRM complex production increased to approximately 718,000 metric tons, with annualized utilization improving to 70.90% from 66.90% in the December quarter. The pipes and tubes segment also recorded healthy production growth, with output rising to 201,000 metric tons from approximately 177,000 metric tons in FY25. Installed capacity in the pipes and tubes segment increased from less than 6 lakh tons to approximately 7.32 lakh tons, though utilization currently stands at approximately 34.20%. Management indicated a target utilization of 60% to 65% for the pipes and tubes segment over the next two to three years.

Bokaro Greenfield Project: Commissioning Timeline and Capacity

The greenfield downstream steel complex at Bokaro remains a central focus of the company's growth strategy. Management confirmed that cold trials are expected before the end of May 2026, with hot trials planned for June 2026. Saleable production of the color coated segment is expected to commence in Q1 FY27, with meaningful sales anticipated from Q2 FY27 onwards. The following table outlines the Bokaro project's key capacity parameters:

Management noted that capitalization will occur on a phased basis as each section of the project is commissioned. Subsidies received under the Jharkhand Industrial and Investment Promotion Policy — including capital subsidy, SGST reimbursement, and power duty incentives — will be used to repay debt, as committed to the lending bank. The company has also partnered with Indian Oil Corporation for the supply of piped natural gas at Bokaro, enabling cleaner and more cost-efficient operations.

Strategic Guidance and Growth Outlook

Management reiterated its earlier guidance of approximately 75% revenue CAGR over the FY25 to FY28 period, driven primarily by the phased commissioning and ramp-up of the Bokaro greenfield project alongside continued organic growth in existing business verticals. EBITDA and PAT are expected to grow at CAGRs of approximately 45% and 40% respectively over the same period. Blended EBITDA and PAT margins are expected to stabilize at approximately 12% to 13% and 5% to 6% respectively by FY28. At peak utilization, the legacy business is expected to generate revenues in the range of INR800 crores to INR900 crores. On a blended basis, the company targets a return on capital employed (ROCE) of 15% or above. Peak long-term debt is expected to reach approximately INR700 crores to INR800 crores over the next 12 to 15 months. Management also highlighted the ZAM (Zinc-Aluminium-Magnesium) coated product opportunity, noting that ZAM provides approximately 5x to 6x the life of standard zinc coatings, with growing demand from sectors such as solar energy. The Bokaro facility will operate under the BMW brand on a B2B model, with working capital cycles targeted at 30 to 40 days.

Earnings Call Details

The following table summarizes the key details of the conference call and regulatory filing: