---
title: "Bhadora Industries Ltd (BHADORA) — Share Price, Financials & Analysis"
symbol: "BHADORA"
company: "Bhadora Industries Ltd"
canonical: "https://tapetide.com/stocks/BHADORA"
isin: "INE0ZRC01017"
nse_symbol: "BHADORA"
sector: "Industrial Products"
industry: "Cables - Electricals"
market_cap_cr: 229.71
generated_at: "2026-09-13T18:58:12.518Z"
---

# Bhadora Industries Ltd (BHADORA)

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

## Company

- **NSE Symbol:** BHADORA
- **ISIN:** INE0ZRC01017
- **Sector:** Industrial Products
- **Industry:** Cables - Electricals
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-08-11
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vidhutcables.com

## About

Incorporated in April 1986, Bhadora Industries Limited manufactures industrial cables for electricity transmission and distribution.[1]

## Latest Price

- **Price:** ₹123
- **Change:** -1.95 (-1.56%)
- **Open:** ₹127.65
- **Day High:** ₹127.8
- **Day Low:** ₹123
- **Previous Close:** ₹124.95
- **Volume:** 34800
- **As Of:** 2026-09-11T09:46:36+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:20.194107Z.

- **Market Cap:** ₹229.71 Cr
- **Classification:** SME
- **P/E (reported):** 23.4
- **Book Value:** ₹44.1
- **Price to Book:** 2.83
- **Dividend Yield:** 0%
- **ROE:** 51.51%
- **ROCE:** 64.87%
- **Debt to Equity:** 0.22
- **Revenue (yearly):** ₹124.93 Cr
- **Net Income:** ₹9.83 Cr
- **EBITDA:** ₹16.29 Cr
- **52-Week High:** ₹128.85
- **52-Week Low:** ₹49.5
- **RSI (14):** 67.09

## Tapetide Score

- **Score:** 47 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 35.6 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 76.38 | 9% |
| growth | 58.35 | 9% |
| momentum | 98.9 | 12% |
| ownership | 39 | 24% |
| quality | 54.24 | 22% |
| valuation | 31.26 | 24% |

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

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 34.4%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 155 days.
- Working capital days have increased from 72.7 days to 150 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -16.73% | 91.8% | -88.75% |
| ebitda margin growth | -18.4% | 24.4% | 92.71% |
| net income growth | -8.98% | 281% | — |
| revenue growth | 12.85% | 89% | 52.59% |
| roce | -8.44% | 412.81% | 39.5% |
| roe | 5.55% | 34.59% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 46 | 64 | 47 | 78 |
| Expenses | 40 | 54 | 41 | 67 |
| Operating Profit | 6 | 10 | 6 | 11 |
| OPM % | 13 | 16 | 12 | 14 |
| Other Income | 0 | 1 | 0 | 1 |
| Interest | 1 | 2 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 9 | 4 | 10 |
| Tax % | 29 | 26 | 22 | 33 |
| Net Profit | 3 | 7 | 3 | 6 |
| EPS in Rs | 20.61 | 5.11 | 1.83 | 3.43 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 15 | 18 | 81 | 110 | 125 |
| Expenses | 14 | 17 | 74 | 93 | 109 |
| Operating Profit | 1 | 1 | 7 | 17 | 16 |
| OPM % | 4.3 | 6 | 9 | 16 | 13 |
| Other Income | 1 | 0 | 2 | 1 | 1 |
| Interest | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 7 | 14 | 14 |
| Tax % | 75 | 17 | 26 | 26 | 28 |
| Net Profit | 0 | 0 | 5 | 11 | 10 |
| EPS in Rs | -0.36 | 1.09 | 30.06 | 8.17 | 5.35 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 13 | 19 |
| Reserves | 3 | 4 | 8 | 8 | 63 |
| Borrowings | 11 | 10 | 9 | 20 | 18 |
| Other Liabilities | 1 | 5 | 6 | 8 | 16 |
| Total Liabilities | 17 | 20 | 26 | 49 | 115 |
| Fixed Assets | 2 | 2 | 2 | 9 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 21 |
| Investments | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 15 | 18 | 24 | 40 | 89 |
| Total Assets | 17 | 20 | 26 | 49 | 115 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 1 | 3 | 2 | -27 |
| Cash from Investing Activity | -1 | 1 | 0 | -7 | -23 |
| Cash from Financing Activity | 0 | -2 | -2 | 7 | 47 |
| Net Cash Flow | 0 | 0 | 0 | 2 | -2 |
| Free Cash Flow | 1 | 1 | 2 | -5 | -45 |
| CFO/OP | 221 | 112 | 64 | 35 | -130 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 60 | 91 | 55 | 72 | 155 |
| Inventory Days | 294 | 227 | 45 | 43 | 53 |
| Days Payable | 15 | 100 | 26 | 18 | 43 |
| Cash Conversion Cycle | 339 | 218 | 75 | 97 | 164 |
| Working Capital Days | 86 | 89 | 33 | 36 | 150 |
| ROCE % | — | 8 | 50 | 57 | 24 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 62.75% | 62.75% | 65.59% | 65.59% |
| FIIs | 3.14% | 2.05% | 2.01% | 1.48% |
| DIIs | 0% | 10.48% | 10.59% | 10.26% |
| Government | 0% | 0% | 0% | 0% |
| Public | 15.94% | 16.37% | 13.73% | 15.21% |
| Others | 18.17% | 8.35% | 8.08% | 7.45% |
| No. of Shareholders | 689 | 713 | 675 | 763 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 4 / 2

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 113.96 | Buy |
| EMA (10) | 116.47 | Buy |
| SMA (20) | 114.08 | Buy |
| EMA (20) | 112.39 | Buy |
| SMA (50) | 100.71 | Buy |
| EMA (50) | 102.03 | Buy |
| SMA (100) | 85.97 | Buy |
| EMA (100) | 92.08 | Buy |
| SMA (200) | 77.61 | Buy |
| EMA (200) | 87.63 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 64.46 | Neutral |
| MACD (12,26,9) | 5.55 | Buy |
| Stochastic (14,3,3) | 82.75 | Sell |
| ADX (14) | 47.76 | Buy |
| Williams %R (14) | -19.12 | Sell |
| ATR (14) | 6.18 | High Volatility |
| ROC (12) | 8.85 | Buy |
| Stoch RSI (14) | 79.39 | Neutral |
| UO (7,14,28) | 68.27 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 June 2026 - Earnings call transcript shared; FY26 revenue Rs124.93 Cr, PAT Rs9.96 Cr, >Rs100 Cr order book, plant by Oct'26. | [Analysts/Institutional Investor Meet/Con. Call Updates 8 June 2026 - Earnings call transcript shared; FY26 revenue Rs124.93 Cr, PAT Rs9.96 Cr, >Rs100 Cr order book, plant by Oct'26.](https://nsearchives.nseindia.com/corporate/BHADORA_08062026222638_transcript_Signed.pdf) |
| 7 Sep - Letters sent to shareholders without registered emails for FY 2025-26 Annual Report access. | [Updates 7 Sep - Letters sent to shareholders without registered emails for FY 2025-26 Annual Report access.](https://nsearchives.nseindia.com/corporate/BHADORA_07092026224422_reg36upload.pdf) |
| 7 Sep - Bhadora Industries fixes September 23, 2026 record date and September 24-30 book closure for 13th AGM on September 30. | [Updates 7 Sep - Bhadora Industries fixes September 23, 2026 record date and September 24-30 book closure for 13th AGM on September 30.](https://nsearchives.nseindia.com/corporate/BHADORA_07092026194306_Recorddate.pdf) |
| 7 Sep - 13th AGM on September 30, 2026; record date September 23 and book closure September 24-30. | [Record Date 7 Sep - 13th AGM on September 30, 2026; record date September 23 and book closure September 24-30.](https://nsearchives.nseindia.com/corporate/BHADORA_07092026232405_Recorddate.pdf) |
| 7 Sep - 13th AGM on 30 Sep 2026; books close 24–30 Sep; Shashank Bhadora reappointment and cost auditor ratification. | [Shareholders meeting 7 Sep - 13th AGM on 30 Sep 2026; books close 24–30 Sep; Shashank Bhadora reappointment and cost auditor ratification.](https://nsearchives.nseindia.com/corporate/BHADORA_07092026193853_notice_final_upload.pdf) |
| 7 Jul - Board approved availing, extending or renewing credit facility and working capital loan on 7 July 2026. | [Outcome of Board Meeting 7 Jul - Board approved availing, extending or renewing credit facility and working capital loan on 7 July 2026.](https://nsearchives.nseindia.com/corporate/BHADORA_07072026175538_Outcome.pdf) |
| 6 March 2026 - Virtual analyst meeting with Arihant Capital on March 10, 2026, 5-6 PM; no UPSI. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 March 2026 - Virtual analyst meeting with Arihant Capital on March 10, 2026, 5-6 PM; no UPSI.](https://nsearchives.nseindia.com/corporate/BHADORA_06032026194621_Investormeetintimation10march.pdf) |
| 6 July 2026 - Q1 FY27 net sales rose 226% YoY to ₹45.32 crore from ₹13.92 crore. | [Updates 6 July 2026 - Q1 FY27 net sales rose 226% YoY to ₹45.32 crore from ₹13.92 crore.](https://nsearchives.nseindia.com/corporate/BHADORA_06072026140555_cover_merged.pdf) |
| 6 Feb - Board meeting 12 Feb 2026 to approve Q3 FY2026 unaudited results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Quarterly Unaudited Financial Results 6 Feb - Board meeting 12 Feb 2026 to approve Q3 FY2026 unaudited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bfe53c82-8bb0-4ddc-966c-837cc3095337.pdf) |
| 4 July 2026 - Q1 FY27 net sales rose 226% YoY to ₹45.32 crore from ₹13.92 crore. | [Updates 4 July 2026 - Q1 FY27 net sales rose 226% YoY to ₹45.32 crore from ₹13.92 crore.](https://nsearchives.nseindia.com/corporate/BHADORA_04072026152832_NSE_Annoucement_Q1_2026-27.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31773_BHADORA_2025_2026_A_5777607_07092026193341.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29023_BHADORA_2024_2025_A_5430589_10092025193747.pdf) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_UMESLTD_2011_2012_06072012113325.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3304cb2d-44d4-4e80-b7d1-c418dd9933e4.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/273e106e-6cea-400f-8679-60518a0532e2.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d25ad95d-e5bd-4362-bc61-6e46f189de0b.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532398/74341532398.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532398/69438532398.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532398/65354532398.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532398/5323980319.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 2026-09-13T18:58:12.518Z.