---
title: "BEW Engineering Ltd (BEWLTD) — Share Price, Financials & Analysis"
symbol: "BEWLTD"
company: "BEW Engineering Ltd"
canonical: "https://tapetide.com/stocks/BEWLTD"
isin: "INE0HQI01014"
nse_symbol: "BEWLTD"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 63.99
generated_at: "2026-09-13T18:37:24.987Z"
---

# BEW Engineering Ltd (BEWLTD)

Canonical page: https://tapetide.com/stocks/BEWLTD

## Company

- **NSE Symbol:** BEWLTD
- **ISIN:** INE0HQI01014
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2021-09-16
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bewltd.com

## About

Incorporated in 2011, BEW Engineering Ltd designs and manufactures special range of filtration mixing and drying equipments[1]

## Latest Price

- **Price:** ₹48.8
- **Change:** -0.1 (-0.2%)
- **Open:** ₹48.5
- **Day High:** ₹49.5
- **Day Low:** ₹48.5
- **Previous Close:** ₹48.9
- **Volume:** 17000
- **As Of:** 2026-09-11T09:41:15+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:33.700895Z.

- **Market Cap:** ₹63.99 Cr
- **Classification:** SME
- **P/E (reported):** 16.9
- **Book Value:** ₹108.11
- **Price to Book:** 0.45
- **Dividend Yield:** 0%
- **ROE:** 8.81%
- **ROCE:** 13.33%
- **Debt to Equity:** 0.45
- **Revenue (yearly):** ₹185.54 Cr
- **Net Income:** ₹3.76 Cr
- **EBITDA:** ₹9.61 Cr
- **52-Week High:** ₹158.85
- **52-Week Low:** ₹47.95
- **RSI (14):** 35.27

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 41.89 | 9% |
| growth | 87.61 | 9% |
| momentum | 4 | 12% |
| ownership | 40.23 | 24% |
| quality | 62.25 | 22% |
| valuation | 74.5 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.45 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.71%
- Company has a low return on equity of 10.1% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 91.4 to 126 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -296.2% | — | -488.32% |
| ebitda margin growth | -19.05% | -67.2% | -74.27% | -56.66% |
| net income growth | -56% | -69.18% | -20% | 10% |
| revenue growth | 1.69% | 37.13% | 21% | 26% |
| roce | — | -51.86% | -64.06% | 32.91% |
| roe | — | -53.9% | 18.47% | -63.61% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 19 | 41 | 46 | 53 | 48 | 58 | 66 | 55 | 51 | 83 | 87 | 98 |
| Expenses | 16 | 35 | 41 | 47 | 40 | 51 | 57 | 39 | 40 | 73 | 75 | 101 |
| Operating Profit | 2 | 6 | 5 | 6 | 7 | 7 | 8 | 16 | 11 | 10 | 12 | -2 |
| OPM % | 11 | 15 | 11 | 11 | 16 | 12 | 13 | 28 | 21 | 12 | 13 | -2.1 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 3 | 3 | 5 | 5 | 5 | 6 | 12 | 8 | 8 | 8 | -3 |
| Tax % | 23 | 32 | 29 | 26 | 25 | 25 | 26 | 25 | 25 | 24 | 24 | -24 |
| Net Profit | 0 | 2 | 2 | 4 | 4 | 4 | 4 | 9 | 6 | 6 | 6 | -2 |
| EPS in Rs | 0.27 | 2.88 | 2 | 3.52 | 3.54 | 3.56 | 3.6 | 8.09 | 4.6 | 4.69 | 4.77 | -1.87 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 52 | 51 | 59 | 59 | 99 | 106 | 121 | 134 | 186 |
| Expenses | 48 | 46 | 55 | 51 | 88 | 91 | 97 | 114 | 176 |
| Operating Profit | 4 | 5 | 4 | 8 | 11 | 15 | 24 | 20 | 10 |
| OPM % | 7 | 9 | 7 | 14 | 11 | 14 | 20 | 15 | 5 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 |
| Interest | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 4 | 8 | 10 | 18 | 16 | 5 |
| Tax % | 27 | 18 | 27 | 40 | 28 | 25 | 25 | 24 | 25 |
| Net Profit | 1 | 1 | 1 | 2 | 6 | 7 | 14 | 12 | 4 |
| EPS in Rs | 1.28 | 1.2 | 1.12 | 3.09 | 5.48 | 7.11 | 11.69 | 9.3 | 2.89 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 13 | 13 |
| Reserves | 3 | 4 | 4 | 8 | 17 | 24 | 68 | 125 | 128 |
| Borrowings | 14 | 22 | 24 | 29 | 27 | 42 | 66 | 58 | 63 |
| Other Liabilities | 17 | 24 | 31 | 34 | 47 | 60 | 29 | 24 | 65 |
| Total Liabilities | 35 | 51 | 61 | 73 | 94 | 129 | 166 | 220 | 269 |
| Fixed Assets | 12 | 12 | 12 | 11 | 10 | 11 | 11 | 42 | 60 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 3 | 3 | 8 | 8 | 7 |
| Other Assets | 23 | 39 | 49 | 59 | 80 | 115 | 134 | 170 | 202 |
| Total Assets | 35 | 51 | 61 | 73 | 94 | 129 | 166 | 220 | 269 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | -4 | 2 | 8 | 2 | 0 | -8 | -31 | 28 |
| Cash from Investing Activity | 0 | -1 | 0 | 0 | -1 | -1 | -19 | -19 | -17 |
| Cash from Financing Activity | -1 | 5 | 0 | -9 | -1 | 2 | 27 | 50 | -8 |
| Net Cash Flow | 1 | 1 | 1 | -1 | 0 | 0 | 1 | 0 | 2 |
| Free Cash Flow | 2 | -5 | 1 | 8 | 2 | -2 | -22 | -50 | 8 |
| CFO/OP | 79 | -75 | 44 | 112 | 38 | 14 | -13 | -134 | 305 |

### Ratios

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 30 | 33 | 17 | 23 | 17 | 44 | 39 | 110 | 126 |
| Inventory Days | 136 | 238 | 276 | 389 | 304 | 394 | 459 | 436 | 291 |
| Days Payable | 122 | 137 | 159 | 163 | 165 | 196 | 80 | 42 | 125 |
| Cash Conversion Cycle | 43 | 133 | 135 | 248 | 157 | 241 | 417 | 504 | 292 |
| Working Capital Days | 14 | 53 | 33 | 23 | 42 | 84 | 156 | 270 | 157 |
| ROCE % | — | 17 | 14 | 22 | 26 | 25 | 23 | 12 | 4 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.56% | 60.56% | 60.56% | 60.56% | 53.67% | 60.56% | 60.56% | 47.82% | 47.82% | 47.82% | 46.11% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.93% | 22.58% | 23.61% | 22.98% | 30.62% | 21.84% | 21.43% | 34.19% | 38.49% | 39.37% | 36.3% |
| Others | 17.51% | 16.86% | 15.83% | 16.46% | 15.71% | 17.61% | 18.01% | 17.99% | 13.69% | 12.81% | 17.59% |
| No. of Shareholders | 227 | 247 | 281 | 366 | 560 | 533 | 668 | 895 | 1645 | 1872 | 1895 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 4 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 49.15 | Sell |
| EMA (10) | 49.42 | Sell |
| SMA (20) | 50.15 | Sell |
| EMA (20) | 50.49 | Sell |
| SMA (50) | 54.76 | Sell |
| EMA (50) | 54.96 | Sell |
| SMA (100) | 63.19 | Sell |
| EMA (100) | 63.9 | Sell |
| SMA (200) | 82.9 | Sell |
| EMA (200) | 83.03 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.89 | Neutral |
| MACD (12,26,9) | -1.69 | Buy |
| Stochastic (14,3,3) | 15 | Buy |
| ADX (14) | 33.31 | Buy |
| Williams %R (14) | -86.67 | Buy |
| ATR (14) | 2.11 | High Volatility |
| ROC (12) | -6.06 | Sell |
| Stoch RSI (14) | 44.51 | Neutral |
| UO (7,14,28) | 41.33 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Jayant Dua appointed MD (Designate) effective 1 Apr 2026; MD term 1 Jan 2027–31 Dec 2030, subject to shareholder approval. | [Announcement under Regulation 30 (LODR)-Change in Management 9h - Jayant Dua appointed MD (Designate) effective 1 Apr 2026; MD term 1 Jan 2027–31 Dec 2030, subject to shareholder approval.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6379872c-a47c-482f-8d9c-b321b10c4b69.pdf) |
| 8h - UltraTech to buy 26.20% of Sunsure Solarpark 38 for up to Rs6.72 crore; 21 MWp solar with BESS. | [Announcement under Regulation 30 (LODR)-Acquisition 8h - UltraTech to buy 26.20% of Sunsure Solarpark 38 for up to Rs6.72 crore; 21 MWp solar with BESS.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b409176a-294f-4845-8689-51b78144481e.pdf) |
| 7 January 2026 - Certificate under Reg 74(5): shares fully dematerialised; no rematerialisation requests for quarter ended Dec 31, 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 January 2026 - Certificate under Reg 74(5): shares fully dematerialised; no rematerialisation requests for quarter ended Dec 31, 2025.](https://nsearchives.nseindia.com/corporate/BEWENGINEERING_07012026152711_Intimation_of_certificate_under_Reg_74_5__of_SEBI_DP_BEW_S.pdf) |
| 7 Feb - Fitch affirmed UltraTech Cement's long-term IDRs at 'BBB-' with stable outlook; USD 400m 2.80% notes due 2031 affirmed 'BBB-'. | [Announcement under Regulation 30 (LODR)-Credit Rating 7 Feb - Fitch affirmed UltraTech Cement's long-term IDRs at 'BBB-' with stable outlook; USD 400m 2.80% notes due 2031 affirmed 'BBB-'.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c802f570-c7fe-42bb-b2c1-8d484addc9ec.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; shares remained fully in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; shares remained fully in demat form.](https://nsearchives.nseindia.com/corporate/BEWENGINEERING_07042026131554_Intimation_of_Reg_74_5__SEBI_DP_Reg_2018_signed.pdf) |
| 6 Sep - Newspaper ads published for 15th AGM notice and remote e-voting, dated September 6, 2026. | [Copy of Newspaper Publication 6 Sep - Newspaper ads published for 15th AGM notice and remote e-voting, dated September 6, 2026.](https://nsearchives.nseindia.com/corporate/BEWENGINEERING_06092026131101_Intimation_of_Newspaper_Advertisement_of_AGM_Notice_BEW_Ss.pdf) |
| 6 Feb - Newspaper ad (6 Feb 2026): Special window for transfer and dematerialisation of physical securities, per SEBI circular. | [Newspaper Advertisement Regarding The Notice Of Special Window For Transfer And Dematerialisation Of Physical Securities 6 Feb - Newspaper ad (6 Feb 2026): Special window for transfer and dematerialisation of physical securities, per SEBI circular.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec026400-5dcc-42cb-be20-ef5144c39082.pdf) |
| 5 January 2026 - Promoter inter-se gift transfer of 2,624,232 shares (20.07%) on/after Jan 9, 2026; promoter holding unchanged. | [General Updates 5 January 2026 - Promoter inter-se gift transfer of 2,624,232 shares (20.07%) on/after Jan 9, 2026; promoter holding unchanged.](https://nsearchives.nseindia.com/corporate/BEWENGINEERING_05012026145946_Intimation_of_Proposed_Acquisition_Interse_transfer_of_shares_S.pdf) |
| 5 Feb - Uploaded corporate dossier to BSE/NSE and company website on 5 Feb 2026. | [Corporate Dossier Of Ultratech Cement Limited 5 Feb - Uploaded corporate dossier to BSE/NSE and company website on 5 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/911c1fb6-bd22-42e3-b316-a8b903037c9a.pdf) |
| 5 Feb - Commissioned 2.7 mtpa grinding at Aligarh; Aligarh 4.0 mtpa; domestic 191.36 mtpa; global 196.76 mtpa. | [Commissioning Of Cement Capacity 5 Feb - Commissioned 2.7 mtpa grinding at Aligarh; Aligarh 4.0 mtpa; domestic 191.36 mtpa; global 196.76 mtpa.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae9f9523-cfb7-427f-adf2-2c6320c05fd3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31462_BEWLTD_2025_2026_A_17354784_04092026221030.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28244_BEWLTD_2024_2025_A_6256234_03092025095526.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25492_BEWLTD_2023_2024_02092024214557.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23941_BEWLTD_2022_2023_16102023151907_10162023160000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20854_BEWLTD_2021_2022_26082022121414_08262022130001.zip) |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_ULTRACEMCO_2010_2011_08082011052526.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7e47648-aef8-427b-b56e-b442f5e5ac3d.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/954d56a4-0b0e-405d-b877-e7696fef9fb8.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26a2922a-4386-4819-a739-01f0196834a6.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532538/73874532538.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2017 | [Concall - Sep 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/cf1d4ff7-eb6d-4540-a060-60d83902798a.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3cb1da31-c340-490b-b3fd-cf4688a6da95.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d84fefa9-6adf-41d7-ae81-5f222bd76ac2.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6cce6ec-4572-4c3d-ba54-9ed3bf5d31a1.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86accf40-1599-4ba0-b862-200552ba7aa9.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://archives.nseindia.com/corporate/BEWLTD_11102022153309_SE_InvestorPresentationOct2022.pdf) |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/65dfc540-d048-4353-9ece-cdfbd984195f.pdf) |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/202be5a7-759e-4284-a4e5-840863b2bc63.pdf) |
| Oct 2019 | [Concall - Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a75085bd-2a1e-4eb2-a1e5-25d1416bb797.pdf) |
| Oct 2019 | [Concall - Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8aede62d-e758-4c2e-8781-1dbade58603e.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:37:24.987Z.