Bansal Roofing Products LtdInfrastructure & ConstructionBRPL
Q1 FY27 earnings callBansal Roofing Products Ltd
BRPL is transitioning into an integrated metal building solution platform, reporting healthy YoY growth while focusing on capacity utilization and entering the solar module mounting structure business.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue from Operations | Rs45.89 CR | 26.8% YoY | |
| EBITDA | Rs4.12 crore | 35% YoY | |
| EBITDA Margin | 9% | — | |
| Profit After Tax | Rs2.67 CR | 31.9% YoY | |
| Diluted EPS | Rs 2.02 | — |
TL;DR
- Q1 FY27 revenue grew 26.8% YoY to Rs45.89 CR.
- EBITDA grew 35% YoY with margin expanding to 9% from 8%.
- Major operational focus is on completing Phase 5 & 6 capacity expansion by mid-September 2026.
- Formally entered solar module mounting structure (MMS) manufacturing, with potential for significant revenue addition.
- Order book target for FY27 is Rs180-200 crore, with average order size of Rs3-5 crore.
Said on the call
“So, this is 25.32 is very conservative.”
From the Q&A
| Topic | What management said |
|---|---|
| Solar Structure Opportunity | Management sees solar as a very big opportunity, with a monthly production capacity of 25,000 tons, potentially adding ~Rs20 crore monthly revenue. Gross margin is 4-5%, net margin ~2.5-3% due to bulk supply. |
| PEB Capacity and Order Book | Current PEB capacity is 1,200 tons/month, which can be increased with shift extensions. FY27 revenue target is Rs180-200 crore, with a current order book of ~2 months. |
| Large Order Execution | Company recently bagged a Rs24 crore order (~20% of last year's turnover) and is executing it, proving capability for large orders, though average order size is Rs3-5 crore. |
| Financial Projections and Capex | Revenue growth projection for FY27 is a 'very conservative' 25.32% (from Q4 presentation). Current debt is ~Rs6 crore. Future capex (e.g., for sandwich panel project) may require term loans but current facility expansion is fully funded. |
| Receivable Days and Solar Business Impact | Receivable days, historically under two weeks, are expected to increase to 30-45 days for the solar business due to its capital-intensive nature for contractors. |
Guidance
- Revenue target for FY27 is Rs180-200 crore.
- Phase 5 and Phase 6 of expansion are expected to be completed by mid-September 2026.
- Solar structure manufacturing capacity can produce up to 25,000 tons per month, potentially adding ~Rs20 crore in monthly revenue.
- Company expects a slight fall in ROCE/ROE as solar sales ramp up due to lower margins, but overall results to be very good.
Source
Summary written from the transcript filed by Bansal Roofing Products Ltd for the call held on 13 Aug 2026; published 20 Aug 2026, 09:53 IST.